Beltway Ramblings » Freddie Mac Reaches Out

Freddie Mac Reaches Out

December 14th, 2007 Categories: Mortgages & Loans, Real Estate News, Sellers

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This entry was posted on Friday, December 14th, 2007 at 3:59 am and is filed under Mortgages & Loans, Real Estate News, Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Bob Carney said at December 14th, 2007 at 7:40 am
You might want to HIGHLIGHT the 888 number, its not 800. Poor company that has that number has been blasted with calls on that number.
Friday Foto and Friends said at December 14th, 2007 at 7:51 am
[...] – Santa??? Google Analytics Add New Comparison Graphing Tools
CharlotteRealEstate said at December 14th, 2007 at 8:25 am
Thanks Mary- great info once again from our favorite northern Virgina real estate age. I’ll post it this am… Terry McDonald
CharlotteCommunitiesOnline » Freddie Mac, Mortgage Fraud, and “Foreclosure Help” said at December 14th, 2007 at 8:50 am
[...] this important video from the folks at Freddie Mac. Special thanks to Mary from Beltway Ramblings for [...]
Port Orange Juice said at December 15th, 2007 at 1:13 am
Great info from Freddie Mac. Thanks for getting the word out about mortgage fraud and the legal aid so many people need right now!
North Georgia Mountain Real Estate said at December 15th, 2007 at 9:34 am
Mary,

Thanks for the very informative post packed with outstanding links for us to help broadcast the help that is available to the people who need help with their mortgages right now. I am on the road traveling, but will be back in next week and I will help getting this legal aid information out through my blog as well.

Chad
Chico CA Real Estate- Sandi Bauman said at December 15th, 2007 at 2:50 pm
Thanks Mary- you are an invaluable resource for north Virginia homeowners.
Clearwater Beach Real Estate said at December 16th, 2007 at 5:14 pm
Thanks for the update – as fast as things keep happening there can be a lot of home mortgage misinformation. I’ve seen so many people who “couldn’t afford a lawyer” pay dearly after the fact when they HAVE to pay them big bucks to try and clean up a real estate transaction mess. – Cyndee Haydon
Port Orange Juice said at December 18th, 2007 at 12:50 am
Virginia homeowners can depend on you as their well informed Realtor during a difficult time for many Americans.
Paula said at December 18th, 2007 at 9:56 pm
Mary – I also posted this video as a follow up to a previous post. It is important people who are behind on their mortgage payments know where they can go for help. We can’t post it too many places!
Barbara Ann Jackson said at December 27th, 2007 at 5:56 am
re: Foreclosure Fraud, FREDDIE MAC, Well Fargo, Court Corruption

Representation to Investors by FREDDIE MAC or by WELLS FARGO that its $$$ billion dollar losses due to people defaulting on mortgages should be weighed against the fact that Freddie Mac and Wells Fargo needlessly pay DEBT COLLECTION firms outrageous legal fees for corporate lawyers to outmaneuver –and even persecute people who file court proceedings in opposition to fraudulent foreclosures. Thus, representations about $$$ billion dollar losses due to people defaulting on mortgages should be weighed against the fact that companies such as Freddie Mac needlessly pays DEBT COLLECTION firms outrageous legal fees for corporate lawyers to outmaneuver –and even persecute people who file court proceedings in opposition to fraudulent foreclosures.

FORECLOSURE FRAUD enables MORTGAGE LENDERS to ILLEGALLY FLIP properties. It is HIGHLY COMMON for a DEBT COLLECTOR attorney to file a foreclosure: (i) in the name of a DEFUNCT mortgage company;(ii) in the name of a mortgage company which is NO LONGER holder of the security interest (the promissory note); or (iii) file a foreclosure and AFFIX a “ransom” amount (the collector’s fee) far exceeding what the promissory note “Acceleration Clause” authorizes. In Louisiana, Wells Fargo and FREDDIE MAC greatly benefit from fraudulent foreclosures. Irrefutable PROOF of White Collar real estate and mortgage fraud is posted on my http://www.lawgrace.org website.

Despite a property owner’s entitlement to Challenge CONTRARY-TO-LAW loss of his / her home, most property owners LACK legal knowledge; the Court System is REFRACTORY; and there are limited attorneys with Consumer Law acumen. Also, when borrowers sue for “Unfair Debt Collection Practices,” damages, the collector gets to make more $$ through prolonged litigation, as co-conspirators enjoy the foreclosure fraud pie, Investors get zero.

-Barbara Ann Jackson
http://www.lawgrace.org
Mary De Luca said at December 27th, 2007 at 8:57 pm
Barbara-
Thanks for giving another viewpoint on this complicated issue. Everyone gets hurt in the process. Not only people who are facing foreclosure- but we are starting to see a tightening of the belt from the mortgage companies to people who are trying to buy in this market. Not impossible for people to get a mortgage- but the credit history threshold is rising for the average person.

As someone who is showing bank properties- I can tell you that the banks are not trying too hard to make their properties marketable to people who might want to buy them. It’s clear that they are not in the real estate business and are making it harder to sell their own properties.
Short Sale Pro said at June 7th, 2008 at 9:01 pm
Thanks Mary for providing a video that a lot of people such as myself probably would have never found.

Barbara also enjoyed reading your nuggets of advice that you added.

Look forward to reading more of your informative blogs.

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