Marin Family Action and Families Fighting Foreclosure under the direction of Manny Fernandez is doing an amazing job of holding the mortgage wolves at Bay. Approximately 36 homes are still in the hands of the families — NOT the lenders or, worse, those that do not hold the note but who “service the loan.”

How many MODS had the nations Banksters modified?, not very many and they get big money to do nothing from the government (aka tax payer), and they get the house, we owe them nothing yet the courts let them take our homes and our money. Where is the FTC?

War on the Home Front Knowledge, Research and Insights for Homeowners Where’s the Note and Who’s the Holder By Lane Houk on Mar 13, 2009 in Bankruptcy, Foreclosure Defense Research This post is taken from an article written by the Hon. Samuel Bufford (CA Bankruptcy Judge) and R. Glen Ayers in coordination with the American [...]

After 17 months of working to get a loan modification, this writer landed one. During the process, I learned that everyone’s situation is different. This article is excerpted from a bankruptcy law firm and combined with conversations from the Families Fighting Foreclosure group of Marin Family Action. Perhaps it will help in your decision-making process.

Most “loans” by Washington Mutual, Indymac, Countrywide, and most other “lenders” in the past 5 years were actually purchases of Notes by Special Purpose Vehicles created by Lehman Brothers.

It is up to the lender to decide if they will modify your loan. If you don’t fit within the financial guidelines of your lender, your chances of a successful outcome are slim.

“There are many people in the industry who would be glad to see HAMP go or who don’t believe that these modifications can work,” said Thompson. “Most people who are representing consumers think that there are there are significant flaws in the program’s design, but that some kind of government-sponsored modification program is essential to get us out of the foreclosure crisis.”