Loan Modifications: Myths & Facts
Think about it. If lenders started writing down
Should Lenders be Allowed to
mortgage balances to borrowers on a regular basis,
then everyone and their mother, brother and sister
Participate in the Mortgage
would know about it and demand the same treatment.
Clean Up Process?
They will all be standing in line to have their loan
balances whacked in half. Check this out... B of A announced they modified
Do you know what that would do to our banking
50,000 mortgages for $823m. I just used my
system and the foreclosure crisis? It would crush
3rd grade daughters calculator and figured that
the remaining banks and the write downs would be
those numbers come to $16,460 per homeowner.
gargantuan. The impending flood of litigation initiated Over a 30 year term that’s an average savings of
by burned investors would engulf Wall Street and $45.72 per month! Do you really think $46/mo
drown all the banks in a tsunami second.
is the difference between being able to afford
I am sure millions of homeowners would just walk from
your home or not??? What a joke!!
their homes if they didn’t get their principle reduced
If you don’t have enough people to help the millions
like the Joneses next door. It’s the old adage, “If you
of people that need help, then you are not doing
did it for them, then why can’t you do it for me?” Now
everything you can do to help, right? This is common
multiply that by millions and millions of people and you
can see why this will not happen anytime soon.
sense, and if you don’t have that, then I can’t help you
there.
In fact, all these Hope Now numbers and MBA stats
Myth: Lenders and servicers are doing everything
are just lip service and propaganda.
they can to assist struggling homeowners.
How long are the American people going to remain in
their apathetic states before they stand up against this
Fact: That’s a crock of crap and total BS!
injustice being played out in every city in our country
Please excuse my crap talk, but when I hear BS, I call
by lawless lenders and servicers who are dragging us
out the BS talkers at their crap talk game. They are
all down with them?
giving the media, our government and the people of
this great country nothing but lip service.
BFG Debt Advisory Group is one of the leading
They do not have enough man power to help all the
wounded homeowners suffering in their mortgage
Short Sale/Loss Mitigation companies in the
contracts. Tens of thousands of employees have been
country. Our team of attorneys, Realtors,
laid off (the same guys and gals that made these
processors and negotiators have established
loans), and now all of these millions of loans that these
same tens of thousands of people created are going
streamlined systems and industry wide
bad. So, there lies the HUGE problem that NO ONE
contacts to help bring successful resolutions
seems to address, EVER! I have made this claim for
to hundreds of struggling homeowners.
the last year in several articles and not one journalist
in the country has shined a light on this very serious
www.BryanFinancialGroup.com
issue that needs to be exposed.
www.coloradohomeownermag.com
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