This is happening to us as I write this. They approved us for more than we could afford, then raised our payment by more than a thousand dollars a month because they said we were late with a payment. this was impossible for us to pay. Residential Credit Solutions bought our mortgage and is now foreclosing. All our attempts to contact them to try to modify our mortgage went unanswered until it was to late.

http://www.ustream.tv/channel/wpro-live

2 to get us all to the position to sign these mortgages many things came into play. mortgage application fraud, appraisal fraud and many other types of under handed ways to get us approved. for one my husband was unemployed so he is not on the mortgage and i didnt make enough to pass the under writing computer program so a little here will never be detected by the homeowner so happy at closing they will sign anything put in front of them. That is illegal and fasification of documents. it was only initialed not signed. the judge can ask if there was a meeting of the minds and i just have to say (or my lawyer )no. i submitted paycheck stubs and w2 forms all of which needed to be verified to be approved for a mortgage that was 1/4 of a million dollars.

3 since none of the banks had any skin in the game and were cashing these notes in for money anyone was approved for mortgages. Even though we were taught to trust the bank. all of us merely applied for the mortgage if we could not afford that would have been a better fate then this

4 since the banks already cashed in the note for money they do not have them and can not submit them. they have to be fabricated. what is a best way to get a signature but approve a modification that they know will also fail and wala we have a signature. only problem the signature was not from the original closing . the tyoed info included my middle initial the signature does not. its called robosigning bloopers.

5 banks bought an insurance called credit default swap insurance. it is insurance on mortgages that are defaulted. so our mortgages were designed to default for them to collect the insurance which is paid at summary judgement. hence the lost paper work, the denials of modifications. telling homeowners not to pay their mortgage. FORECLOSURE IS MORE PROFITABLE THEN MODIFICATION

until we get congress and the judicial system on our side this horrible attack on us will continue