Loan Modification Forum - LoanSafe.org - View Single Post - Ohio Homeowner Fights Foreclosure & Lives Pymt Free for 11 YEARS!!!

eshep29536 · 10-11-2009, 01:42 PM

I agree with Brian K. Go on the offense. Many of the servicing companies, even at large banks contract with 3rd world countries (India, Pakistan)to manage their accounts. Once you find mistakes, and you will, you can. as we say, "flip the script". Use credit collection and Realestate laws to require the company to validate every aspect of the mortgage. If there are miscelleneous fees on the statement find out what the fee is for. Look for accounting errors, posting dates etc. A favorite method that the bank uses to collect fees is accepting your mortgage payment and holding it until after the due date. Lastly, visit your state auditor webstate to find out what the state's assessment of the value of your house is. In most cases the property's assesed value will be significently lower than the appraised value of the property.

Once you have all the information you can start playing hardball with the servicing company.

10-11-2009, 01:42 PM	#17 (permalink)
eshep29536 Junior Member Join Date: Oct 2009 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Ohio Homeowner Fights Foreclosure & Lives Pymt Free for 11 YEARS!!! I agree with Brian K. Go on the offense. Many of the servicing companies, even at large banks contract with 3rd world countries (India, Pakistan)to manage their accounts. Once you find mistakes, and you will, you can. as we say, "flip the script". Use credit collection and Realestate laws to require the company to validate every aspect of the mortgage. If there are miscelleneous fees on the statement find out what the fee is for. Look for accounting errors, posting dates etc. A favorite method that the bank uses to collect fees is accepting your mortgage payment and holding it until after the due date. Lastly, visit your state auditor webstate to find out what the state's assessment of the value of your house is. In most cases the property's assesed value will be significently lower than the appraised value of the property. Once you have all the information you can start playing hardball with the servicing company.