Foreclosure Consequences

@912jumper WARNING: Do not walk away from your mortgage if you lied on the application. It is bank fraud (mail/wire fraud). Defaults are investigated by FBI. They check your income against your 1040s and contact employees. My friend refinanced his 1.4 million house for a divorce. He exxagerated income,then walked away. Bank lost about 850,000, and FBI came knocking. He got 36 months and 1.2mil in restitution/fines.

Just walk away. You will lose much more money paying the outrageous mortgage.

Corporations walk away from unprofitable property without feeling bad, there is nothing immoral about leaving a bad deal. These banks and lenders want you to stay and pay the mortgage as long as possible until the economy recovers and they can get their profits off you, and they will still foreclose on you the moment you miss a payment anyway, so why bother staying.

save yourself, kill a banker !

Tax Liability Try lender Fraud

Make sure the bank even owns your loan! Ask them "Where's the note?" Free, online tool to contact your lender: h ttp://action.seiu.org/page/spe­­akout/wtnnpa

Loan mods do not work! new program NOT A MOD! UMR ULTIMATE MORTGAGE RELIEF PROGRAM! TRUE PRINCIPAL REDUCTION ! BAD CREDIT UPSIDE DOWN ALLOWED! IF YOU WANT MORE FREE INFO MESSAGE ME AND i WILL FWD LINK! IN 12-18 MTHS YOUR CREDIT SCORES WILL BE GOOD AGAIN.

i HAVE BEEN DOING MODS FOR 3 YRS FOR PEOPLE

Fuck credit score ! that's what gets people in trouble in the first place, I always laugh when I hear people say "I'm a home owner...I own a car " no YOU DONT unlesse it's paid for and even then you still have to pay tax ( proprety , car insurance ) I always tell them " oh yeah...stop making your payment and you'll see who the owner is, the only thing you own is small stuff like clothes.furniture or that laptop you looking at...come back to reality people.

NO JOB IN FORECLOSURE DONT WANT TO LOOSE YOUR HOME! THERE IS AN OPTION NOT A MOD OR A REFINANCE! MESSAGE ME SO I CAN TELL YOU WHAT THE BANKS DONT WANT YOU TO KNOW! GET A FRESH START NOW! THERE ARE OPTIONS AND THIS IS ONE I AM USING! DONT DELAY ITS YOUR HOME KEEP IT