(WARNING: THIS POST IS LOADED WITH ABSURD CLAIMS AND OUTLANDISH REPRESENTATIONS THAT ARE MADE NOT TO SUGGEST, IMPLY AND CERTAINLY NOT GUARANTEE THAT I CAN ACCOMPLISH ANYTHING, BUT TO ILLUSTRATE THE ABSURDITY OF CLAIMS MADE BY OTHERS….PROCEED WITH GREAT CAUTION….DO NOT BE MISLED.)
Everyday I hear from consumers who are taken in by scams, con artists, crooks and criminals who make bold promises about how they can SAVE A CONSUMER’S HOME!
Most recently, those representations come as part of a pitch to buy a loan audit or some kind of securitization garbage or deeding the property into a trust or claiming copyright over your name or some exotic form of admiralty law.
The most recent scam features companies BOLDLY PROCLAIMING THAT QUIET TITLE SUITS ARE THE KEY TO SAVE YOUR HOME!
TO GET YOUR HOME FREE AND CLEAR!
(For a very hefty fee, of course…and no promises….)
The fact of the matter is, VIRTUALLY ALL OF THOSE REPRESENTATIONS ARE SCAMS, CONS, MISREPRESENTATIONS, LIES, UNFAIR AND DECEPTIVE TRADE PRACTICES, VIOLATIONS OF FLORIDA’S RESCUE FRAUD PREVENTION ACT!
Now I have always told all my clients and every prospective client…..THERE IS NO SUCH THING AS A FREE HOUSE AND YOU’RE NOT GETTING A PRINCIPAL REDUCTION!
The fact of the matter WAS that there were so few cases that this happened, I was unwilling to ever even mention the words principal reduction to my clients or potential clients.
BUT ALL OF THAT HAS CHANGED~IN THE LAST TWO WEEKS, I’VE GOTTEN FOUR 75% PRINCIPAL REDUCTIONS FOR MY CLIENTS!
That’s right, using my patented, trademarked, copyrighted and COMPLETELY 100% GUARANTEED TO WORK SYSTEM, I AM NOW ABLE TO OFFER 75% PRINCIPAL REDUCTIONS TO HOMEOWNERS IN FORECLOSURE!
Now just so we’re clear, this is not at all a truthful or accurate statement, but it’s an example of exactly the kind of statement made all the time that consumers fall victim to.
The truth of the matter is, I believe the 75% principal reductions have nothing to do with the work that me and have everything to do with the 49 State Attorney General Settlement Agreement. One of the primary impediments to short sales, modifications, deeds in lieu was the fact that the banks don’t own the loans, and are merely acting as thuggish debt collectors for the real owners of the loans, private investment trusts, Fannie Mae, Freddie Mac, USDA, VA, etc. In most cases, the banks cannot settle, cannot negotiate in good faith, cannot offer reasonable solutions….WITHOUT SUBJECTING THEMSELVES TO LIABILITY FROM THE WIZARD BEHIND THE CURTAIN!
Well, a key provision of the 49 State AG settlement was the so called “Fascist State Cramdown”….the AGs, working on behalf of their masters the banks, in an unprecedented show of force, assumed the power to break private contracts and force private investors to eat losses.
But wait, it gets better…while they can apparently force private parties to eat losses…it might be that Fannie and Freddie may not be part of the cramdown….
So, who will be getting the 75% principal reductions from my patented, trademarked, copyrighted, 100% Guaranteed System? Well, from what I can tell so far (which ain’t far at all), I think the offers are going to go out based on nothing at all to do with the homeowner, and probably nothing to do with any objective facts….I suspect the offers are going out based entirely on subjective characteristics known only to the servicers…..