"WE CAN STOP FORECLOSURES"

Everything You Need to

Know....... ARE YOU FACING FORECLOSURE?
STOP FORECLOSURE If so, you have come to the right place!
How it Works Would you like to remain in your home without filing for Bankruptcy protection?
Would you like to reduce or eliminate your mortgage payments?
In 2002 In Miami Florida,
Would you like to sell your home after the market turns and make a profit?
Washington Mutual attempted
to foreclose on a $1.5 Million If your answer was yes to any of these. We can help!
Dollar property in Boca Raton, You may not need to move out of your home!
Florida. You might be able to reduce payments!
The foreclosure was stopped If your mortgage has been sold “anytime” after you purchased it,
by the same procedure we use WE may be able to stop the foreclosure and keep you in your home.
here. We are not talking about negotiating lower payments
Washington Mutual could not or placing payments at the end of the loan!
prove it owned the mortgage
note, and after repeated tries
We are talking about Lender problems with the chain of ownership title.
dropped ALL attempts to take foreclosure@vegasvisitor.net
this property. Call or email for a FREE Consultation to see if you Qualify.
Telephone: 702.292.2055
This sounds ludicrous right?
When you understand what has occurred in the mortgage industry since 2002 the picture
becomes clear. Banks sell and purchase mortgages on any number of occasions, then pool
and bundle these mortgages into securities. Your mortgage may have transferred three, five,
six, and eight times. It's possible that they didn't have all the proper pieces of paper, but it
was enough to convince the next guy in the chain. Each time the mortgages change hands,
the sellers are required to sign over the mortgage notes to the buyers. In the rush to originate
more loans during the U.S. mortgage boom, from 2003 to 2006, that assignment of
ownership wasn't always properly completed. So now the companies that collect monthly
payments for the investors haven't been able to prove they own the mortgages. Because of
this Judges in at least Six (6) states including California, Florida, Ohio, Massachusetts,
Kansas and New York have stopped foreclosure proceedings
During the housing boom loans were mass produced and short cuts were taken. A lot of
the paperwork is done in the name of the original lender and a lot of the original lenders are
out of business. More than 100 mortgage companies stopped making loans, closed or were
sold in 2007, according to Bloomberg data. Hundreds if not Thousands of Foreclosures have
been dismissed just last year based on the lenders inability to produce the original Note and
chain of title.
Adding to the confusion, all these loan documents are being sent to the inside of a
mountain in the middle of America and not being checked very carefully. The lenders can't
find the paper, either the notes or the assignments.
The home-loan industry has had a central electronic database since 1997 to track
mortgages as they are bought and sold. It's run by Mortgage Electronic Registration System,
or MERS, a subsidiary of Vienna, Virginia-based MERSCORP Inc., which is owned by
mortgage companies.
They have NO Tracking Mechanism in place.

MERS has 3,246 member companies and about half of outstanding mortgages are
registered with the company, including loans purchased by government-sponsored entities
Fannie Mae, Freddie Mac, and Ginnie Mae. The Mortgage Servicing Agencies who collect
monthly payments and distribute them to securities investors, can and did buy and sell the
home loans many times.
U.S. District Judge David D. Dowd Jr., in Ohio's Northern District, chastised Deutsche
Bank National Trust Co. and Argent Mortgage Securities Inc. in October of 2007 for what
he called their ``cavalier approach'' and ``take my word for it'' attitude toward proving
ownership of the mortgage note in a foreclosure case.
Federal District Judge Christopher Boyko dismissed 14 foreclosure cases in Cleveland in
November of 2007due to the inability of the trustee and the servicer to prove ownership of
the mortgages.
U.S. Bankruptcy Judge Samuel L. Bufford in Los Angeles, California issued a notice in
February 2008 warning plaintiffs in foreclosure cases to bring the mortgage notes to court
and not submit copies.
"This requirement will apply because developments in the secondary market for
mortgages and other security interests cause the court to lack confidence that presenting a
copy of a promissory note is sufficient to show that movant has a right to enforce the note or
that it qualifies as a real party in interest," the notice said.
More than 1.5 million homeowners will enter the foreclosure process in 2008.
If you think our program might help you, call for a FREE Consultation.
Don't Delay, Call NOW 702.365.6847