SCAM PREVENTION PODCAST 2: What Isn’t Working for Homeowners Facing Foreclosure Today?
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Pause intro music down below.
What Isn’t Working for Homeowners Facing Foreclosure Today?
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Piggybankblog posted on 02/06/13
From Mandelman Matters
Foreclosure defense attorneys Matt Weidner and Tom Cox tell Mandelman what’s working and what’s not for homeowners in foreclosure courts.
If you’re following someone’s advice in an effort to save your home from foreclosure, how do you know the advice your getting is correct? If you’re planning to sue your bank in court, how do you know what your chances are based on the type of case you’re planning to bring? I know the answer to that question… you don’t.
Okay, so I’ve had enough of watching people get ripped off two, three, four times by “helpers” offering advice that they know has never worked for anyone else. And I’m shocked at the number of people who obviously don’t know very much about the financial or foreclosure crisis throwing around buzz words they can’t even define… and sometimres can’t even pronounce properly.
If you only knew a little bit about dentistry, would you offer to take care of someone’s filling or bridge work? Of course not. No one would.
But, for whatever reason, I now see a enormous number of people offering to help homeowners and providing information to homeowners when they have no clue what they are doing. It’s embarrassing for them, but even more importantly, how are they going to slink away in the night after the person they were helping loses their home to foreclosure?
I get letters every week from homeowners saying that they’ve been following some crazy scheme and now realize how nutty the whole thing was… can I help them? It’s heartbreaking.
So, now I’m going to do something about it. Introducing my new SCAM Prevention Podcast. Join me as I ask the lawyers who are actually in the courts all the time what’s working and what’s not for homeowners facing foreclosure today.
Click to play PART 1 and then to play PART 2…
Part 1 - Featuring 20 minutes with Flroida foreclosure defense attoreney Matt Weidner. After sever years, Matt knows what’s real and what’s not. and he pulls no punches straightening things out.
Part 2 - The second part of this first program features Maine attorney, Tom Cox. Tom was a banking lawyer for 30 years who in 2008 set out to help homeowners. It was his deposition of a GMAC employee that brought robo-signing onto the headlines.
John Wright from Piggybankblog: “This is a must hear! I especially think it is important for those wondering if they should get a forensic loan audit done to listen.”
Martin Andelman: “Is there ever a time when a homeowner goes out on their own — buys some kind of forensic loan audit or securitization audit – or — I have seen credit default swap audits – crazy things ….. is that ever a benefit to do that?”
Attorney Matt Weidner: “Absolutely not! Florida has some very strict laws against these kinds of things. I wish they were enforced more. But the reality is that consumers should not be paying anyone any money for these kinds of products that promise or suggest any kind of results that are useful to them. This is because – frankly – if it is not admissible in court — it is of very little or no value at all.”
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Other forensic loan audit warnings below.
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My name is John Wright AND I AM FIGHTING BACK!
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4 Comments
Why would the banks attempt to get amnesty if they were not concerned they needed it for some apparent reason. Why are the banks asking for HR 6706 to exempt themselves from FDCPA law, if there were not some hope that is being unburied? IF we all accept, there is no hope but mods there will never be any hope but the mods. I would rather rattle cages. and have some hope to establish some justice. And for those who dont want to rattle cages and will accept a mod they should do it. It is the safest thing. We have become a country of injustice not justice.
This judge looks pretty intimidating! are we suppose to bend over for him? and let him kick us where the sun dont shine? .
Well I don’t think anyone is for that. I don’t think that is what Martin is trying to say. I think he is just trying to let the homeowner know what they are up against here. Let them know what works and what does not work. The simple fact is that all homeowerns in foreclosure are willing to bet their life on this fight like you and me. That is why it is fair to let them know exactly what they are signing up for if they decide to fight the banks. This is because I think there are a lot of people out there making things sound more black and white to the homeowner than it really is. They need to know it is not so black and white. For example — I am all for a homeowner suing the bank for causes of action that they will win on. I just think they need to know that there are well-known attorneys in this cause saying it is unlikely they will win with some of this stuff. He did not say impossible to win though. He said “unlikely”. That is something a homeowner needs to know before making a decision.
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Your friend always,
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My name is John Wright AND I AM FIGHTING BACK!
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John Wright
Piggybankblog.com
I think Martin is saying exactly what you said. He is saying that people should be told what is right so that they can either choose a loan mod or to fight the banks. I think he has more of a problem
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The way I understand the HR 6706 (FDCPA argument) — the banks are trying to exclude “attorneys” from being under the definition of a “debt collector”. The banks would want them to do that because the banks would not be able to hire the attorneys if they are considered debt collectors.
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My name is John Wright AND I AM FIGHTING BACK!
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John Wright
Piggybankblog.com