Beware Those Loan Modifications! They are Trap Doors for "lenders" benefit not yours!!!
The “lenders’ are holding nothing but worthless or at best questionable paper. As soon as you sign a modification you are validating a debt that you most likely don’t have anymore or at worst have substantial offsets against and you are validating a security instrument (mortgage) that was destroyed in the securitization process. Check with …
Beware Those Loan Modifications! They are Trap Doors for "lenders" benefit not yours!!! Read More »