http://ecreditdaily.com/2010/02/ftc-bar-upfront-fees-mortgagerelief-firms/ Tue, 07 Feb 2012 20:24:20 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://ecreditdaily.com/2010/02/ftc-bar-upfront-fees-mortgagerelief-firms/comment-page-1/#comment-810 Charlie Fri, 05 Feb 2010 21:19:55 +0000 http://ecreditdaily.com/?p=1699#comment-810 FTC Has no idea what is going on look at the real world. Lets put this into perspective. All over the world you have Doctors being shutdown sued for Mal Practice, however the ones who are doing a good job and obeying the rules arnt being banned from practicing medicine.... are they?? I think not this is totally un fair makes no sense what so ever. In fact why doesnt the FTC actually do something that makes sense, meaning take all the firms and look at the amount of mods that are done by them, and realize that without the firms these people are going to lose theif home's left and right. THe new directive has made it compleltey impossible for the borrowers to do it on their own. Being that its such a delicate blend of not to much not to little information, and the banks probe the borrowers for information that disqualifies them instantley. FOr example after submitting financials correctley a debt collector calls borrower to be anoying as usual and says yes and what did you have for income and expenses.... Borrower replies "i dont know say 7,000 income about 8 expenses or no that doesnt make sense" Ohh but it does for the lender and they change the numbers and disqualify them from the program. If you look at the number of complaints in any buisness DOCTORS.. THE CITY.. POLICE OFFICER.. TEACHERS .. THERE WILL ALWAYS BE PEOPLE WHO COMPLAIN. However every service above is still around. WHy is it soo diffrent? Dr saves lives .. Real Estate settelment saves homes. Some people kill them selves or the process of modifying kills them, and im not kidding poeple just dont randonley die off at 45 when they are 14 months behind in their mortage. Its called stress, embarassment ( all the above you name it it causes poeple to go nuts) Martin Andelman put it best these borrowers are like grenades.. they try try try and keep trying sometimes 6-12 months on their own,then give up and hire a law firm. So by the time the borrower has failed on their own for 6-12 months now pass it off and maybe its only 2 months into the process which is usually 60-90 even 120 days however the borrower in distress acts as if the firm has the file for 12 months + additonal 2 they may have actually had it and blow up on you thinking nothing has been done etc. etc.. Yes they failed on their own for 12 months?? thats really fair. So again to quote Martin Andelman borrowers are like grenades when hiring a firm they pull the pin put them selves in your lap and can explode at any time. This ruling would affect more home owners negativley then the FTC can even imagine. Again ban all the doctors from practicing medicine because 100,000 of them get investigated for mal practive each year. That wouldnt make sense, either does this. Very scary / shocking. FTC Has no idea what is going on look at the real world. Lets put this into perspective. All over the world you have Doctors being shutdown sued for Mal Practice, however the ones who are doing a good job and obeying the rules arnt being banned from practicing medicine…. are they?? I think not this is totally un fair makes no sense what so ever. In fact why doesnt the FTC actually do something that makes sense, meaning take all the firms and look at the amount of mods that are done by them, and realize that without the firms these people are going to lose theif home’s left and right. THe new directive has made it compleltey impossible for the borrowers to do it on their own. Being that its such a delicate blend of not to much not to little information, and the banks probe the borrowers for information that disqualifies them instantley. FOr example after submitting financials correctley a debt collector calls borrower to be anoying as usual and says yes and what did you have for income and expenses…. Borrower replies “i dont know say 7,000 income about 8 expenses or no that doesnt make sense” Ohh but it does for the lender and they change the numbers and disqualify them from the program. If you look at the number of complaints in any buisness DOCTORS.. THE CITY.. POLICE OFFICER.. TEACHERS .. THERE WILL ALWAYS BE PEOPLE WHO COMPLAIN. However every service above is still around. WHy is it soo diffrent? Dr saves lives .. Real Estate settelment saves homes. Some people kill them selves or the process of modifying kills them, and im not kidding poeple just dont randonley die off at 45 when they are 14 months behind in their mortage. Its called stress, embarassment ( all the above you name it it causes poeple to go nuts) Martin Andelman put it best these borrowers are like grenades.. they try try try and keep trying sometimes 6-12 months on their own,then give up and hire a law firm. So by the time the borrower has failed on their own for 6-12 months now pass it off and maybe its only 2 months into the process which is usually 60-90 even 120 days however the borrower in distress acts as if the firm has the file for 12 months + additonal 2 they may have actually had it and blow up on you thinking nothing has been done etc. etc.. Yes they failed on their own for 12 months?? thats really fair. So again to quote Martin Andelman borrowers are like grenades when hiring a firm they pull the pin put them selves in your lap and can explode at any time. This ruling would affect more home owners negativley then the FTC can even imagine. Again ban all the doctors from practicing medicine because 100,000 of them get investigated for mal practive each year. That wouldnt make sense, either does this. Very scary / shocking.

]]> http://ecreditdaily.com/2010/02/ftc-bar-upfront-fees-mortgagerelief-firms/comment-page-1/#comment-807 FTC doesn't get it - Mortgage Modifications and Short Sales demand attorney assistance | Mortgage-Mod-Monster Fri, 05 Feb 2010 16:42:44 +0000 http://ecreditdaily.com/?p=1699#comment-807 [...] Read it here [...] [...] Read it here [...]

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