Pardon Me While I RANT -

FORECLOSURES!!!!
As we all know by now there have been a rash of foreclosures that have been ravaging the country. There is no need, in my honest opinion, to regurgitate the situation, nor do I think it necessary to give a staunch reiteration of what could have been done to prevent it. (Can you tell I am not a person that dwells in the past??) What I will address is our, OUR in the sense that we are all Americans and we are ALL in this country together, current situation. Many of us were fortunate enough to be homeowners or prospective home purchasers when the release of the credit flood gates opened up. We were able to refinance (myself NOT included) at unbelievable rates and at zero costs, we had the ability to purchase phenomenal homes at more incredulous rates. Needless to say, many purchased under the auspices of ARM’s with interest only clauses. Granted the plan seemed well thought out. Finance now and refinance later at a reduced rate that will fall in the monthly budget. Well, the problem comes along when the option to refinance is taken away. By taken away, I am referring to the FMC increasing rates (FMC – Federal Monetary Commission), homes decreasing in value in the short term and/or companies starting to see an economic downturn. One of these issues coming to fruition could cause the most well thought out plan to collapse. Two could mean devastation. All three, which is the current state of the union, means collapse! That being said, does anyone actually know who owns their mortgage? Years ago, you went to a bank, jumped through 17 hoops and low and behold, the mortgage was extended, the bank serviced your loan and you knew who you could talk to in the event you had problems or issues with your financing. During the most recent credit spree, mortgages were granted by corporations, some tenuous at best, and the sold off to the highest bidder for the available cash so they could repeat the process. Various other institutions purchased these mortgages, sent you a notification stating that they were now your servicing agent and you now had a mortgage payment to go out to a new institution. For instance, my mortgage started with Chase, went to Washington Mutual, then to Wachovia, then to Wells Fargo…get the picture. Now, with all that in mind, whom do I talk to if I have a problem with my mortgage? The originator? The interim institutions? NONE OF THE ABOVE!!! I would talk to my attorney. He/She would know the details and legalese to get through the red tape of “You have to speak to someone else about that…” Many people do NOT know that there are 10 different remedies available to homeowners rather than foreclosure. Will your bank take the time to explain what they are? Your attorney will! Will your bank let you know what government moratoriums are being discussed in order to prevent further collapse of the mortgage market? Your Attorney WILL! Do you think your mortgage lender will listen to you or respond to any letter you write, other than to say “Pay us or we take the house” I think NOT. However, will they listen to YOUR ATTORNEY?
Ladies and gentlemen, I am sure we all know that businesses are more prone to listen to our attorneys rather than to us. The ringer is that we all think attorneys are HORRENDOUSLY EXPENSIVE!! Well I am here to tell you that they are NOT!!! You can have the services of an attorney to do all of the above for you AND MORE for a very nominal fee. OK, I said “nominal” but didn’t give you a price. Am I afraid to? No… Am I reluctant to? NO. I just don’t think you will immediately believe me. All right now that I got that out, here is the price. FOR 36.95 a month or LESS you can have an attorney to make phone calls, write letters, or simply ask questions of. (I have the membership and have used it for advice, letters and the like. Now let’s be frank, how many of you would gladly pay the 36.95 a month if it meant you had someone to deal with the bank that is trying to foreclose on your home? I you think this is worth the money you could possibly save, visit my website and see what else is available to you to protect your family. I hope you see the value as much as I do, because the only thing I can be an advocate for, is the thing I believe in and use……….

My website is: http://www.prepaidlegal.com/info/williamdcalloway
My email is: William.Calloway@CallowayPPL.com
I look forward to speaking to each and every one of you that sees this as an opportunity to empower your family against the “powers that be”!!

Take Care and be safe,
Mr. William D. Calloway Jr., CITRMS