Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Foreclosure Crisis: Maryland Lawyers Take Action, Volunteer to Help Hundreds of Homeowners

HTML clipboardSend this article to your local, state and American Bar Assoc..  We need to push this in EVERY state.  Those responsible for creating the foreclosure/economic meltdown received BAILOUT money for their unlawful acts and are increasing the number of unlawful foreclosures with the intent of covering up their fraud by creating a less tainted note. MSF

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    Maryland's native son, John Hanson, the first president of the Confederacy
after Independence, and the man who swore in Washington as Commander
and Chief, would be proud. (The Articles of Confederation lasted from 1781
to 1789 until the current Constitution was pushed though by the early
Federalists like Alexander Hamilton)
    The USA they inherited was mired in debt, just as we are today, so the
first order of business was to retire the National Debt as quickly and justly
as possible. The Federalists did this by creating the "First Bank of the US"
which still stands in Philadelphia.
     The Federalists used the "National Debt" as a basis for the issuance
of the first "US Notes", interest free currency that was gradually redeemed
by an excise tax on their use.
     As a result, in just 20 years the National Debt was paid off and most
Americans were living debt free! The early Federalists new that excessive
debt had been the ruin of every important nation in history so they fought
hard against it. TAXES, NOT INTEREST, ON NEW MONEY, WAS THE KEY!
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It would be interesting to note that the Maryland Depertement licensing and regulation DLLR and the legislature bent under pressure from the lenders and non-profits pressure to make it illegal for any lawyer to charge a retainer regardless of how small for foreclosure defense. Very sand indeed.
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    Interesting point. I think they mean no retainer for doing a loan modification, not a foreclosure defense, which would be a lawyers normal
job.
    In any case, a pro se can attempt a loan mod by simply picking up the
phone and calling their loan servicer and asking for a loan mod package.
Then you gather together all the facts, like what is the property actually
worth today. If the owner has no equity, than the situation is analogous
to a "landlord-tenant" situation so that's how you approach the problem.
Ask yourself, what would be a fair rent for the property based on its current
value. For example, if its only worth $100,000 instead of $200,000, what
you owed, than a fair rent would be about $1,000/month. Out of that, lets
say taxes would be $200/mo and insurance would be $100/mo, so the P/I
would be $700/mo. You want to modify it down to that level. Since the
investor won't be able to get more than that even if he/she forecloses,
its in his/her interest to accept the deal. Also, you need to show that you
have the income to afford the new figure, ie $1,000/mo.
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