Thanks for taking your time to review the information we provided. Our example of The Fix: Purchase price $325,000, loan amount $260,000, current property value $175,000 and going down. Answer to (1) the current payment $1,558.83, the proposed Fix payment $1083.33 a monthly savings $475.50. Answer to (2) the principal balance with current loan after 5 years: $253,417.44 verses The Fix $195,000. Answer to (3) the first time an owner will be able to sell without writing a check, short sale or foreclosure for the current loan the current loan balance will be 14 years and with The Fix 6.58 years. The Fix provides accelerated principal reduction with lower payments. The bank/investor received no interest ever. (4) With lower payments and the accelerated principal reductions owners will stay in their homes and stop foreclosures. The Fix will help stabilizing the real estate market by reducing the supply of homes on the market. . The buyers must qualify with verifiable income and assets. “Verifiable Incomes” not special or creative financing will determine real estate values in the future. Prices will fall until the supply of qualified buyers meets the value of real estate. The special and creative loan products are no long available, no undue stimulus on the real estate market. Hopes this helps.

Happy Holidays. Good plan except for the misadvertising on the web site. I have a few questions.

1- Since the number 1 & 2 reasons for foreclosures are unafordablity and/ or negative equity, how will your plan stop foreclosures?
It doesn’t have to be both for homeowners to be foreclosed on or to just walk away, your website states you are the in real estate business, so you know this already.

2- The website states principal reductions are required because of the “banks” behavoir in increasing prices. How are you obtaining principal reductions if you expect homeowners to pay the full principal balance amount, only the banks/investors interest is eliminated, that is not a principal reduction,it still leaves the homeowner in negative equity.

3- You state that after 6.6 years of paying a mortgage payment of only principal, the homeowner can sell the house and pay off the mortgage in full, how?

4- What is being done to acknowledge the fact that values/prices have dropped and are continuing to drop? Where are you stablizing the market as stated on your web-site?

On your website, it shows a scenario with a current value of $175,000, in 6.6 years is the value supposed to be $260,000 the same as the original mortgage or will it be less than the current value of %175,000 ? Obviously it must remain the same at least, or the bank couldnt get paid in full.

One last question, the payments show only principal is being paid down, interest is eliminated but there is one sentence that states interest is eliminated until the loan is paid off? Is the interest paid then?

Their would have to be at least 3 assignments on the back of it to be legally enforceable and they are not their.

MERS is all electronic.

Banks now this and so this is why notes are shredded.

Only 1% of mortgages are contested, so they get away with it and settle with anyone who fights.

The stand in lender whose name appears on the mortgage was paid 110% immediately to a few days later for your mortgage.

The Master Servicer bought it from the stand in lender and sold it to a Depositor for a Trust, usually a mortgage backed security. In the process making approximately 5%

The Depositor then sold it to the Trustee for the MBS for 105-150% of the face value of the mortgage note.

The Trustee then split the mortgage into 50-100 tranche’s and purchased insurance for the top 50 or so. This means when the home buyer did not make the monthly payment insurance or the lower tranche’s would make it for them.

THE PAYMENT WAS STILL MADE

Now that the insurance companies like AIG and AMBAC can no longer make the monthly payments the Trustees are unloading the MBS’s off to Treasury and the Federal Reserve.

So everybody up the securitization chain has already been paid fort the note that was signed at closing except for the last holder, in this case the Federal Goverment.

Now, If I am correct their is no paperwork to back up all these electronic (MERS) transfers and the last owner of the note no longer holds the actual note and never received it.

Therefore they cannot claim any monies as they are not the holder in due course. Filing a lost note affidavit would be defeated by any first year attorney and would be looked on as as a fraud upon the courts.

As the name implies, to re-establish a lost note the first step is to file a lost note affidavit, this means someon swearing the note was in their possession and was lost at some point in time.

As you can see from my example the note was never in the possession of the Federal Government.

I conclude the home owner owes NOTHING ON THE NOTE.

The home owner was duped into a securtization transaction that needed new mortgages to fill up MBS’s that were being sold all across the world. This was an unregistered security that is void for rescission.

I agree with Mr. Mortgage. Wall Street is clearly the blame here. They made hundreds of billions of dollars in fees and trading mortgages.

We are told in October that the financial system is BK in America and all the profits went where?

Bonuses, Lear Jets, Homes in the Hamptons, Bentleys, Etc Etc and the Taxpayer should pay for any new losses.

Force the lender to prove they hold the actual mortgage on your house and I bet chances are high they say they lost it.

The 580 100% ltv loan has been offered by HFC since 1998. Guess what it performed. What happened was the alt a market reduced rates to much an eliminated the risk based pricing. BANKS COPIED THE PROGRAM BUT INCREASED THE LOAN AMOUNTS so they could do loans in their home state of California.

It allowed for California dreamers to buy HOUSES NOT HOMES FOR THEIR FAMILIES BUT TO RETIRE, GET RICH QUICK AND EASY.

Midwest, 80% of median households can afford goverment loans, max 30% in California. 11% in 2007. YOU HAVE HAD 3 PROPERTY CORRECTIONS SINCE THE LATE 80′S. the correction point was at 20%, so what do you do, pay option arm it to 11%. They it corrects back to 30%.

California screwed us. Those not effected by the ecconomy here can not refi because the loan programs are gone. Because of you in California.
JUST MORE SELF ASSORBED CALIFORNIA FLAKES.

Avg home here is 130k.
Home buyers here where buying their own homes. You all in California where trying to get rich.

We had stable appreciation of 5 to 7% a year. YOU 20%.

45% OF ALL NON PRIME LOANS IN THE U.S. WERE ORIGINATED IN CALIFORNIA. ALMOST HALF. Come on, look in the mirror. You were a loan officer in California. YOU DID NOT SEE IT OR DID YOU CHOOSE NOT TO??

LOOK IN THE MIROR. BANKS, WALSTREET, AND YOU WEST COAST FLAKES RUINED IT FOR THE COUNTRY. CITIZENS OF CALIFORNIA, WALLSTREET, AND THE BANKS OWE US.
YOU ALL ARE THE CHEATERS.

With that being said I was listening to the radio yesterday and the topic was illegal’s. They were commenting on how Mexico is afraid of all of Mexicans coming back across the border. They do not have the infrastructure to deal with the estimated 5 million who have returned. It is causing all sorts of havoc for their country. They do not have the hospitals, schools and / or jobs to absorb them all. They are in total panic!

The radio personality was funny as she suggested that Mexico may pitch in or even pay in full to help get the damn wall built ASAP. They want to keep there own people out of their home country. Oh the Irony…