October 27, 2013

The now evil loan modification game.

By Timothy Stull (http://www.fresh-start.co)

In my extensive career in the loss mitigation industry, I have never seen such a brutal landscape.  Lenders and mortgage service firms are now playing a very evil game.  The days of the any type if voluntary cooperation have completely dissipated.  We now live in an era of bait n’ switch, contract loopholes & deception.  Now that the economy has improved and real estate is on fire, the banks are switching strategy.  They are backing away from trial modification offers and trying to wiggle out of contractual mod agreements made in the past. It is almost as if they are saying “This was your deal during the sour economy & now this your deal during an improving economy”.  As incomes continue to rise, the collection pressure will get much more severe as well.  If you add in the cut throat game of distressed debt trade ~ where loans are bought and sold on Wall Street ~ this is getting ready to be the perfect storm.  So how do you defend yourself?  How do you strike back as the home owner?  Keep in mind that since many debts have been sold numerous times, there are principals that surround the Fair Debt Collections Practices Act (FDCPA) that apply.  Remember that since the debt has been sold, you are battling the collection agency.  The FDCPA can be used as a line of defense on a very technical level.  Stripping down the validity debt can be done effectively if you perform the right amount of true discovery.  If you block the collection agency from the level of the FDCPA, your debt (mortgage loan) is noncollectable.  We execute on this strategy daily & win big daily.  The best offense is a super tough defense in the now “evil” loan mod game.

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2 Responses to “The now evil loan modification game.”

  1. fair loans Says:

    I tend not to write a bunch of comments, but i did some searching and wound up here The
    Fresh Start Firm ? The now evil loan modification game..
    And I do have some questions for you if you do not mind.
    Is it only me or does it look like a few of these responses look like left by brain dead individuals?
    😛 And, if you are posting at additional sites, I would like
    to follow everything fresh you have to post.
    Could you list of all of all your communal pages
    like your twitter feed, Facebook page or linkedin profile?

  2. Timothy Stull Says:

    I tend to write most of my blogs on complaint sites…..complaints board, rip off report, pissed consumer, ect. I am also launching a series of you tube info videos that will be placed on my web site. Feel free to call my office at 877.297.7011 with additional questions.

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