MyRecst Blog is for consumers to view and post comments about what is happening to them and what can be done concerning the Mortgage Crisis. MyRecast brings you knowledge daily on the latest solutions. EXAMPLE: State Attorney Generals are now getting involved.
The Lenders, Servicers DO want to foreclose on your property's. The steps for the lenders are #1 See if you qualify for a Modification, really a forbearance, (forebearance is not a good modification) What a lender will NOT tell you is a Forebearance Plan puts all that is owed at the back of the note and you will have a ROLLING 30day late show up on your credit report until paid back to lender. They have you right where they want you!!!!FYI during this "approval process" they do not put a hold or stop the foreclosure process it is still moving through the lenders departments as scheduled so they do not miss any days to foreclose on you. If you do not qualify they will foreclose on your property just as scheduled.
MyRecast is a web-based system allowing consumers, non-profit attorneys and auditors to request and monitor the status of a consumers loan file during the auditing process. The Myrecast System allows the parties to better communicate during the mortgage file auditing process.
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The Lenders, Servicers DO want to foreclose on your property's. The steps for the lenders are #1 See if you qualify for a Modification, really a forbearance, (forebearance is not a good modification) What a lender will NOT tell you is a Forebearance Plan puts all that is owed at the back of the note and you will have a ROLLING 30day late show up on your credit report until paid back to lender. They have you right where they want you!!!!FYI during this "approval process" they do not put a hold or stop the foreclosure process it is still moving through the lenders departments as scheduled so they do not miss any days to foreclose on you. If you do not qualify they will foreclose on your property just as scheduled.
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