Ok Thats Great But How are you going to Help Me Save my Home
My recast deals with adjustable rate sub-prime mortgages. Millions of consumers have to deal with skyrocketing interest rates resulting in outrageous monthly payments.
Lenders qualified you for your original interest rate promising to refinance you at a lower interest rate in a few years.
Two year go by and not only can you not refinance but you’re payment has gone up more than what you were told.
Yes, your lender informed you that you are on an adjustable rate mortgage and that it could go up. But failed to inform you that you did not qualify according to there own guidelines for the new rate.
It is our opinion that this is deceptive practices and predatory lending and we have had excellent success in proving this.
If you would not have been approved at the higher interest rate why is it possible that you now have to pay this outrageous rate and payment?We don’t believe you should! And we will help you not only recast you back to your original interest rate but remove the late payments and penalties that have incurred.
If you feel you are a victim of this national crisis, complete the online form and let us deal with your lender for you.
Click on the link, complete the form and our auditors will request your file and attorneys will deal with your lender.
There is no cost to create an account and talk with our counselors.
Thank you and we hope you join the success of many other clients.
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6 comments:
My payments went up and I am keeping up with my payments but barely! Can I be included in the recast program? How long does it take and cost?
Process:Step 1
*Create Free Web Account
*Web Software Determines Qualification
*Login to New Account
Step 2
*Free Consultation with Attorney
*View Free Evaluation for Consumer
*Your account that you created for Free has a "Do It Yourself Guide" within the system to print off is offered from Attorney.
Step 3
*If you Opt In For Attorney Representation Pays ONLY $300
*Fax in required documents via exclusive Barcode Fax and the process starts. See below for details of the Recasting Process through Myrecast System.
MyRecast Requests Original Mortgage File from Lender to be Audited - Power of Attorney Agreement Faxed into System for Acting Attorney - Cease and Desist filed with Lender - Once file is received from Lender MyRecast will audit mortgage file for Predatory Lending and Deceptive practices violations from the lender. Software Program has Original Subprime Lender Matrix and Guidelines Underwriters used in qualifying consumers loans. If a Lender refuses to negotiate attorney will request a HUD Expert Professional Witness to review file and File HUD and or RESPA violations against Lender. If necessary additional fee of $250 will be required.Completion to Modify Lenders Loan for Consumer. Upon modification of note a final payment of $425 will be due. If negotiations fail attorneys will file a stay to avoid foreclosure or acceleration of the loan and litigation in behalf of the consumer will be available.
has anybody had any results from them that they could post and share?
Steve
FYI for ALL Veterans to know.
I. Mortgage Foreclosures.
The Act protects service members against foreclosures of mortgages, as long as the following facts are established:
1). The relief is sought on an obligation secured by a mortgage, trust deed, or other security in the nature of a mortgage on either real or personal property;
2). The obligation originated prior to entry on active duty;
3). The property was owned by the service member or family member prior to entry on active duty;
4). The property is still owned by the service member or family member at the time relief is sought;
5). The ability to meet the financial obligation is materially affected by the service member's active duty obligation.
January 28, 2008 8:30 PM
Click here to see Countrywide issue on nightline. Man was put into Sub-Prime Loan when he did not even need a Sub Prime loan. Not to mention loan officer place his income at higher than what he made. He was retired! The attorney is negotition with the lender.
posted by MyRecast at 10:49 PM
Loan Modification is what Myrecast did with my loan- This is when the lender modifies your current mortgage in order to work with you and make your mortgage more affordable. In the past this was only used when a borrower was delinquent but now it is being used before someone is delinquent. This will be the hottest term and way to help people avoid foreclosure.
what is a sub-prime mortgage?
In order to persuade a bank to lend an extremely large sum of money to buy a house, you generally used to need a few things:
A sizeable deposit
A verified income
A house in mind, in fit condition
A good credit score
In the olden days, it used to be almost impossible to get a mortgage without these things. But then, someone realised that there were likely to be people with deposits, incomes and satisfactory houses in mind, who just didn’t quite have a good credit score.
The idea was that you could offer them a mortgage at a higher interest rate than normal, to offset the greater risk of default. Then people who could afford to buy houses (they had enough income) wouldn’t be cut off from the mortgages they required. The sub-prime mortgage industry was born.
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