PEB clarifies the relationship between note, mortgage, and enforceability

FYI, every pretender defender and mortgage victim should read the UCC Permanent Editorial Board comments from November 2011 regarding security in mortgages:

http://www.uniformlaws.org/Shared/Committees_Materials/PEBUCC/PEB_Report_111411.pdf

The upshot: almost ANYBODY with a modicum of proof can enforce (foreclose) a mortgage loan. This shoots a silver bullet into the brain of assignment, standing, and securitization arguments.

Get used to it.

Can you solve mortgage problems with bankruptcy or loan mod?

Why get a loan modification when you know the interest rate will bump up after 5 years? The overall cost of a loan mod far exceeds the cost of a mortgage examination that you can use to negotiate a settlement or sue your crooked lender.

Why do bankruptcy when you have to pay the arrearage within 5 years?

HOW WILL YOU AFFORD THAT?

Only one practical way exists to solve mortgage problems:

http://mortgageattack.com

Advertisements

Author: bobhurt

See http://bobhurt.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s