21st Century Predators

whe you are in front of the judge - three words ward off and delay Foreclosure: PRODUCE THE NOTE (the original note, when you closed on the house)

YOU DON'T HAVE A THING TO LOOSE..

I truly stand behind my finger pointing at Banking institutions. They are fierce predators.
Consumers don't know that it is not we (mortgage people) who pressured them into 2 year fixed - peculiar loan programs. We..are the link between Lenders/lending Banks and consumers.
(I will write a separate Blog, explaining how borrowing, lending, buying a home "works" and what you don't even know to ask. You will then know what Banks do, what Mortgage companies job is, where Realtors join in the chorus, and you can learn to manage your home buying and refinancing transactions without being taken to the cleaners, and still pay "us" a decent wage for our work.
*********TODAY - NO-ONE HAS THE MONEY TO PAY FOR GREED********
Lenders made (only those)SUBPRIME programs available for people with lower credit scores, BELOW (SUB) PRIME CREDIT (Prime=620 SCORE AND ABOVE). These folks could not get a 30 year mortgage.
I even venture to add that these people were set up to fail - knowingly. They had to have known, that two years are not enough for people to better their credit enough to get into a 30 year fixed. 100% financing? They knew - had to have..that a person with damaged credit can't pay down the mortgage in two years, so they qualify for a refi, fix their credit, and all in two years, the blink of an eye?? They set that up for a quick buck to be sold overseas. I guess they weren't thinking that "overseas" is right in front of our doors???
Greed is quite blinding.