Feb 25 2009
Ask for the mortgage note!
It is alarming the number of people losing their homes because they defaulted on their mortgage payments. But there is a way you can delay at least a little, maybe 2 to even 6 months. Ask from the mortgage company the original note you signed. As a mortgage defaulter you have the right to ask specially if you are going to face court action. What you will discover is that the company will not in most cases able to produce your note…why, because it has gone for remortgage elsewhere and maybe even traded on Wall Street! One woman noticed this when she innocently asked for the note. In the meantime you seek a job or make some arrangement to pay the loan. How do you like that?
As I said the other day, only nationalization will help from the financial crisis that America is going through now. Do not allow the banks and insurance to get away with the corruption in them. Only the govt can do this.