How does a personal loan work

A homeowner that fights their lender for 5 years, is a success story in easy payday loans direct lender my book.

Maybe if we united and there were 1,000-10,000-100,000 homeowners doing the same thing that Mr. Davet did in Ohio, then maybe lenders would start really assisting homeowners.

So far, they have been unsuccessful because he has legally fought them every step of the way. The original lender, or the assignee, seems unable to produce the promissory note and prove it has the right to foreclose.

In an era when Wall Street has sliced and diced mortgages to package them as securities, that could turn into a broader issue.

The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Although the post implies that he defending solely on a standing defense, I would like to know what else he has plead as a defense. Here is the search engine for public records at Palm Beach County Courts. It appears Mr Lents is no virgin in the PBC civil court system. FYI, Lents purchased his home (we live 10 minutes away) in 1998 for 350K subsequently mortgaged it for 750K and then 950K. I do not lump him into most of the people out there, myself included, who are truly struggling and want to stay in our homes, not for free as he is payday loans rockford il doing, but who are either current and struggling, or behind a few months and struggling. Not expecting a free ride, the ability to stay in a very expensive home without paying the mortgage.

What about loan modification, short sale, SOME payment.

I just assumed he was making payments into some kind of escrow account, I do think responsibility for the loan should be taken, BUT I also believe that the system does need to be rattled this way and if this is a means to that end then I support and encourage that! I would not have the nerves to keep on going with it!!

I think the system will need more rattling from HONEST homeowners who are doing their best with what they have, not trying to avoid paying a dime for their home.

He has no morals and is not representative of the people on this forum who are really trying to do the right thing and just need some help.

Nowadays I think most of time the banks just scan all the documents. He has no morals and is not representative of the people on this forum who are really trying to do the right thing and just need some help. Moved out 1 year ago, filed chapter 7 included home in bankruptcy.

Got notice from bank last week we can do in-house mod. In the past in-house mods offered only added missed payments to balance which tripled monthly payment!

Called MHA last week was told we need to move back to be eligible for ANY mod, moving back middle of June, was told to watch for the FEDEX pkg. Removed the do not contact order from account placed by attorney when we filed ch 7. Need advice please The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet.

You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this payday loans richmond va site are the opinions of the individual author and may not reflect the opinions of the firm or any individual bad credit loans in georgia attorney. Please Read our Privacy Policy and Legal Disclaimer I agree with founder Maurice Bedard. I how does a personal loan work have followed JoeLents case closely and I disagree with some of the responses to this thread. Itseems that some people are rooting for the lying pretender lender and not thetrue seeking homeowner. Investment bankers presold these potentialmortgage back securities before any loans were actually made. This whole mess started when the worldwide hunger for thesesecurities exceeded the loans available. Thus the rush for mortgage originatorsto make money and the reduction in qualifying requirements to borrow, (basicallyyou only had to be breathing), that came from Congress and the President led tomassive sub-prime loans debacle. The pretender lender got paid for securing thedeal and never put a dime at free loans online risk! That is he was trying to find out if the securitizedtrust was covered under the TARP bailout or did a Credit Swap occur so that theinvestors got paid?

So far I have not been able to find in my research that when the pretenderlender wins the house the money goes to the investors. Only if the ORIGINAL SIGNED NOTE AND MORTGAGE, whichwas held on file from the ORIGNAL LENDER, was presented to the court as thedamaged party, then there would be standing to foreclosure. Now, if the originallender sold or assigned the Note and properly filed the transaction as itoccurred to the Clerk of the Court then the secondary holder of the Note wouldhave the same standing to win their case. And forthe person that thinks that a digitized copy of the Note should be good enoughwell then think about this. The day of the trial they withdrew the case because they knew theyhad a very weak case and if they got the wrong judge they could lose big time. The ending number was 2005 the year theTrust was created. Funny thing that after the Trust is closed out they have tokeep the Trust static in order to preserve the pass thru IRS tax rule. I have followed JoeLents case closely and I disagree with some of how does a personal loan work the responses to this thread. Itseems that some people are rooting for the lying second chance payday loans pretender lender and not thetrue seeking homeowner.

Investment bankers presold these potentialmortgage back securities before any loans were actually made. This whole mess started when the worldwide hunger for thesesecurities exceeded the loans available. Thus the rush for mortgage originatorsto make money and the reduction in qualifying requirements to borrow, (basicallyyou only had to be breathing), that came from Congress and the President led tomassive sub-prime loans debacle.

The pretender lender got paid for securing thedeal and never put a dime at risk!

That loan companies in nashville tn is he was trying to find out if the securitizedtrust was covered under the TARP bailout or did how does a personal loan work a Credit Swap occur so that theinvestors got paid?

So far I have not been able pay day lending to find in my research that when the pretenderlender wins the house the money goes to the investors. Only if the ORIGINAL SIGNED NOTE AND MORTGAGE, whichwas held on file from the ORIGNAL LENDER, was presented to the court as thedamaged party, then there would be standing to foreclosure. Now, if the originallender sold or assigned the Note and properly filed the transaction as itoccurred to the Clerk of the Court then the secondary holder of the Note wouldhave the same standing to win their case.

And forthe person that thinks that a digitized copy of the Note should be good enoughwell then think about this.

The day of the trial they withdrew the case because they knew theyhad a very weak case and if they got the wrong judge they could lose big time. The ending number was 2005 the year theTrust was created. Funny thing that after the Trust is closed out they have tokeep the Trust static in order to preserve the pass thru IRS tax rule. I heard Duval county Fl is using retired Judges to push foreclosures through.

They are trying to clear the books without looking at individuals rights anymore. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Modified loan through B of A 5 years ago-approved for Obama HAMP. Applied for new loan after being told that 2nd would be considered derogatory debt, loan mod considered a foreclosure.... Our LoanSafe mortgage expert, Erik Sandstrom specializes in mortgages after foreclosure quick loan bad credit same day as well. If you have any question and or need another lender for back up.

The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on the internet.

You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this how does a personal loan work site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.