Wednesday, August 17, 2011

Florida Leads Nation in Mortgage Fraud

That's what an article that came out Saturday in the Miami Herald read, there are thousands of Florida mortgage brokers fleeing the state.  Crazy how this mortgage crisis has such a rippling effect.  So many brokers were out there trying to make a quick buck that they committed serious crimes of fraud.  What a mess!

http://www.miamiherald.com/2011/08/13/2357835/thousands-of-fla-mortgage-brokers.html

Wednesday, August 10, 2011

You Are Not Alone In This Mortgage Crisis

After a year of going through this process where CitiMortgage advised me to default on my mortgage, then took 9 months to complete my paperwork, while advising me to save my money and not make any payments until my loan modification went through, then denying my loan modification, I felt in the end like I had done something wrong.  Like it was my fault, like I somehow could have done something more to resolve it.  But after speaking to an attorney I realized I wasn't alone, this was happening to a lot of homeowners out there.  Blame it on the economy, blame it on the banks poor lending practices, whatever, I realized I have become a victim of what is occurring in today's screwed up economy.  Could have I kept paying my mortgage, yes of course, would have I if I hadn't been advised by my own lender not to, yes if I could have seen into the future to see what a mess this has become.  It's sad to say I put my trust in our bank system, trusting they knew what was best for me.  Maybe it was naive of me but I was a stick to the rules with a 780 credit score type of person.  That means my credit report stated I never in my life made a late payment.  Never until a year ago when I took the advice of my mortgage lender who promised me a lower interest rate and a monthly mortgage bill so much lower than what I currently had, it almost seemed too good to be true and was.  I'm so behind now I really don't know what more I can do, I now hope with the assistance of my attorney that I can fight the banks back to save my home.  I no longer will be victimized instead I will fight back to win my first little home I cherish so much!