What The Financial Industry Might Not Want You To Know About Foreclosure

The foreclosure crisis is a reality and the average homeowner is either slipping into foreclosure or knows someone who is being foreclosed on. Economic recovery is not coming fast enough for homeowners who just got pink slips or struggling to find gainful employment. In short the foreclosure crisis is a real epidemic impacting all of us.  

Who is this guy you ask and what can I reveal about foreclosures that you can‘t see plain as day? I am a former full-time 16 hours a day or more mortgage broker with over 15 years experience in the financial industry. I was a heavy real estate investor and put everything that I owned into an industry that went belly up. If you know someone facing a foreclosure or going through a foreclosure yourself what I have to say will change your life forever.

First off the best way to beat a foreclosure is to educate yourself. After assisting all kinds of people from many walks of life with getting financing to close on mortgage loans I discovered that very few people really understood the mortgage industry. When the foreclosure crisis first hit even more people were clueless about how mortgage foreclosures really should be conducted and this is still true today.

 Reacting To A Foreclosure Notice

Before the bank forecloses on a property the homeowner has the best negotiating position.  This is the prime time to get the bank to reduce principal balance and interest rates on a mortgage loan. A solution to workout a loan modification that is more affordable considering the true value the home is worth right now.  

It works because I have done this for others many times and those who follow my system do it for themselves all day long.

Improper Mortgage Securitization

Detecting improper mortgage securitization is a saving grace to stopping foreclosure. Using this foreclosure defense is the best solution to get the bank to work with you. Typically, the majority of mortgage loans in danger of foreclosure have securitization flaws. However, most homeowners don't know when mortgage securitization is improper.

Uniform Commercial Code

The Uniform Commercial Code is often used to contest wrongful foreclosures. Established in 1952 it governs the laws of sales and other commercial transactions. A specific rule of UCC implies that a holder of a mortgage note must be a holder in due course. When securitization is improper this rule is violated making the foreclosure wrongful.

Using the Go Fight Foreclosure System http://GoFightForeclosure.com homeowners learn how to challenge their mortgage lenders to prevent wrongful foreclosures. The defense of improper securitization and rules of UCC are utilized to stop foreclosures.