During the lending boom most mortgages were sold. In the rush to turn these over as fast as possible many of the new lenders did not get the proper paperwork to show they own the note and mortgage. As a result, approximately 40% of lenders who are now moving to foreclose on homeowners don’t have the proper paperwork to prove they have a right to foreclose.
Arizona Cash Flow Club is providing the steps and template documents consumers facing foreclosure need to follow to ensure their lender can prove they have the right to foreclose on the http://www.ArizonaCashFlowClub.com website. This process is not intended to help people get their house for free. The goal is to delay the foreclosure and put pressure on the lender to negotiate. People are winning in court against lenders who can’t prove they own the note.
Barbara Atkinson, Founder of Arizona Cash Flow Club and licensed REALTOR®, said “Every consumer facing foreclosure should force their lender to produce the note, both to ensure that the lender has the right to foreclose and to protect themselves from another lender attempting to collect after their home is repossessed.”
About Arizona Cash Flow Club
Arizona Cash Flow Club, an organization dedicated to helping people connect with the education, opportunities, and resources they need to achieve financial independence, Visit http://www.ArizonaCashFlowClub.com for educational and networking events in the Phoenix metro area.
