Major Mortgage Lender Struggling To Restore Confidence [mortgagegoal.blogspot.com]
More info: www.sueyourmortgagelender.com Learn the "PRODUCE THE NOTE" strategy to fighting back against your lender and winning. Most lenders have LOST the original mortgage note and cannot find it. Think of the promissory note that you signed as a check. If the check you signed and gave someone to cash at a later date is LOST - then guess what? THEY CAN'T PROVE THAT YOU EVER OWED THEM ANYTHING. This is the same way it works with your promissory note and your mortgage. The recorded mortgage is simply public record notice and lien against your home which references the promissory note - which is not recorded. In order to have legal standing to foreclose against you, your mortgage lender must prove they are the owners of the debt. And the way to prove this is by producing the ORIGINAL promissory note. If they cannot produce this - they cannot foreclose against you. WARNING - many corrupt banks have digital scanned copie s of the note but they can't find the ORIGINAL. So what they are doing is printing these scanned copies through high resolution color copiers and presenting these as proof. It is almost impossible to tell these are copies to a novice. But if you take a yellow highlighter and run it over the ink signature - it will smudge. On a copy - the signature ink will NOT smudge. Also you can flip the notary seal page upside down to see if the ink stamp bleeds through. It will not bleed through on a copy. You can also check the signature lines and look for the pressure ...
mortgagegoal.blogspot.com Sue Your Mortgage Lender and Force them to "PRODUCE THE NOTE"
If you were abroad or slept in the last few weeks, you will be supplied from the swamp, in the big mortgage lender Northern Rock deliberately in. The panic started after the news of their approach appeared to the Bank of England to secure equity financing , sparking fear and terror among their customers that the bank was insoluble and in danger of collapse. But regardless of whether the turbulence in real terms in the loan industry is about hype or wait unwarranted media led hysteria remains.
- Best Loan Secured UK
Because of theWay that financial institutions such as banks and building societies are raising their mutual fund has the collapse of the subprime market in the U.S., a knock-on effect was in the world.
Financial institutions lend each other money, and at similar risk to those that they lead to retail customers. Thus, as the consequence of the turmoil in the U.S. market, UK lenders now looking at the exposure to which they have a higher risk of lending and increase their pricesaccordingly.- Best Loan Secured UK
Traditionally, loans are secured on property into parcels of debt instruments bundled and "sold" to other lenders. Added, however, because the amount of the non-payer and the slim chance of recovering bad debts, they lead because of the falling real estate prices in the U.S., which fears that the phenomenon could be the world to uncertainty among lenders.
You are now warily eyeing each other and try to determine how much of these are potentially harmful exposure of any debt from them,so that they are very reluctant to buy more bundles of debt from each other. That is the cause of Northern Rock, the CAP-go-in-hand to receive the Bank of England to a credit line that the market was effectively eliminated.The secured loans market in the United Kingdom is basically sound, but a lack of consumer confidence can be undermined, dass The recent series of withdrawals of funds from the Northern Rock by nervous customers can actually trigger a crisis that did not exist in thethe first place. Because customers quickly reduce liquidity in the Northern Rock, it's actually placing further pressure on the company itself, which also require more lending from the Bank of England at higher rates than commercial lenders can
http://www.bestloansecureduk.equitylinesite.com/2009/10/01/major-mortgage-lender-struggling-to-restore-confidence/
Related Major Mortgage Lender Struggling To Restore Confidence ArticlesQuestion by jmpoct03: is there any private mortgage lenders in ny state? we recently own our home without a mortgage but want to borrow against our home so we can pay back some back property taxes so we dont lose our home. we also want to pay off some debt and do some major repairs to our home. our home is valued as of now at about $ 84,000. we were looking to borrow around $ 40,000 and we both have poor credit so this is why we are looking into a private lender which a bank reccommended us to do. Best answer for is there any private mortgage lenders in ny state?:
Answer by MVD34
That industry is largely dead. They are the ones that build the bottom layer of the housing bubble and the credit crisis. You should try the usual sources, however. As long as your FICO score is above 620 and you are will to pay through the nose for the privilege, you should be able to get a 50% LTV loan.
Answer by STEVEN F
If your bank won't give you a mortgage, borrowing against you home will GUARANTEE you lose the home. If a loan officer at your bank suggested you look for a private lender, please inform their boss. That person has no business advising customers about loans.
Answer by Clopton Capital
if it's an interest-first mortgage or something similar to that than it is quite possible
