Someone at work told me that the government is let mortgage companies reduce your monthly payments by only charging you the current value of your home now, not of what you paid for it in the past. Can someone send me a link to more info on this?
On April 16 in Washington, DC, the Ad Hoc Inhabitant Network to Stop Evictions & Foreclosures methodical a demonstration outside a meeting of the Mortgage Bankers Associaton at the Washington Court Hotel. reason.tv’s Dan Hayes and Michael C. Moynihan checked out the demonstration and talked with some of the activists, who quickly altered the subject from home loans to Castro’s Cuban paradise, the need to free Mumia Abu Jamal, forgiving student loans, the Rothschilds (!), Haitians eating a mixture of dirt and oil (!?!?), and much, much more
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Facing foreclosure? Info at www.consumerwarningnetwork.com may help. Your goal is to make certain the institution suing you is, in fact, the owner of the note. There is only one original note for your mortgage that has your signature on it. This is the document that proves you owe the debt.