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GoFightForeclosure.com 30 Day Foreclosure Fix Countdown What To Do Next
“Former veteran mortgage broker and mortgage securitization expert reveals how his Go Fight Foreclosure System helps homeowners facing foreclosure to challenge foreclosure practices.”
Kyle Ransom has over 15 years experience in the financial industry, once a former mortgage broker working 16 hour days. Ransom learned how-to use his insider knowledge of the mortgage industry to stop many foreclosures. He says that improper securitization and bank foreclosure practices is why the majority of foreclosures are wrongful. Also the main reason he developed the Go Fight Foreclosure System, a how-to instructional guide to challenge bank foreclosure practices.
U.S. bank regulators have agreed to give 14 major financial institutions 30 days to submit their plans to fix problems with their foreclosure practices. This will allow more time to complete larger scale settlements with state and federal agencies. Banks received Orders instructing them to hire an independent contractor to review foreclosure practices from 2009 and 2010 to detect if homeowners were improperly foreclosed on. Additionally, banks must establish their own process to consider what to compensate borrowers who were harmed.
Here are some tips that Kyle Ransom urges homeowners in a foreclosure situations to use.
Reacting To A Foreclosure Notice
Before the bank forecloses on a property the homeowner has the best negotiating position. This is the prime time to get the bank to reduce principal balance and interest rates on a mortgage loan. A solution to workout a loan modification that is more affordable considering the true value the home is worth right now.
“It works because I have done this for others many times and those who follow my system do it for themselves all day long,” stated Kyle Ransom.
Improper Mortgage Securitization
Detecting improper mortgage securitization is a saving grace to stopping foreclosure. Using this foreclosure defense is the best solution to get the bank to work with you. Typically, the majority of mortgage loans in danger of foreclosure have securitization flaws. However, most homeowners don’t know when mortgage securitization is improper.
Uniform Commercial Code
The Uniform Commercial Code is often used to contest wrongful foreclosures. Established in 1952 it governs the laws of sales and other commercial transactions. A specific rule of UCC implies that a holder of a mortgage note must be a holder in due course. When securitization is improper this rule is violated making the foreclosure wrongful.
Using the Go Fight Foreclosure System http://GoFightForeclosure.com homeowners learn how to challenge their mortgage lenders to prevent wrongful foreclosures. The defense of improper securitization and rules of UCC are utilized to stop foreclosures.
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The Go Fight Foreclosure System™ provides homeowners in foreclosure situations the resources needed to fight foreclosure sales. To learn more about the system please visit http://GoFightForeclosure.com .