Fight Back!  Your Options

Okay, so by now you've figured out that there's a pretty good chance you've got a case against your mortgage company. So... Now What Do You Do?

Don't bite on any offer from your mortgage company to:

• Freeze your current interest rate or
• Re-write your current loan.

Since there's a reasonable chance they may have already made you an illegal loan, you could be about to make a bad mistake on top of your original bad decision to take out this mortgage in the first place! Sign-up here to receive breaking news and find out when VoidMyMortgage.com has launched and is open for business!

Don't believe them if they try to force you into making a quick decision without giving you a chance to do your homework first! If their first offer is good today, then it should be good next week. What's the rush? They want you to sign up fast and in all probability, give up your right to pursue them via the legal avenues discussed on this website...so don't do it.

Don't believe them when they tell you this will put you in a better situation! Once again, if their offer is “too good to be true” make them prove it by providing you with a Net Tangible Benefit Pro Forma (also called a Net Tangible Benefit Disclosure in some states) , which the lender must provide you to show how you will benefit from any proposed changes to your note. Click here for a sample.

Don't let repeated phone calls from your mortgage company or a debt collection agency scare you into making a quick decision. Remember, there's a good chance making a hasty decision without investigating your options could severely limit or eliminate your legal recourse and financial relief. Fire any threatening, tele-terrorist third-party debt collectors by sending them a Cease & Desist letter (click here for a sample).

Don't ignore repeated phone calls or letters from your mortgage company! Your lender may be making requisite “loss mitigation” contacts before they take your home from you. The sooner you address your situation with a professional, the more options you will have.

Let a professional help you determine if your rights have been violated before you do anything to modify your current mortgage! Click here to sign-up to receive breaking news and information about the launch of VoidMyMortgage.com. (Porjected launch date: July 2008.)

Can I take legal action against my mortgage company now! Of course you can, but before you start striking out on your own, you're going to have to first determine if you've even got a case...thus the need to have a mortgage audit completed as we've discussed elsewhere on this site. We'll notify you when VoidMyMortgagte.com is ready to roll as soon as it's available.

If you're really determined to pursue your mortgage company now, you'd better have some deep pockets. We estimate that in most parts of the country, you'll have to pony up a $10,000 retainer and your legal bills could exceed $50,000. This is why we're suggesting you cool your jets until we unveil some affordable options in the weeks ahead.

Can I file a complaint against my mortgage company now? You could, but why spin your wheels before you've got all of the fact. Relax...haste really does make waste.

Once I know I've gotta case against the mortgage company, then what? You'll want to let the company auditing your mortgage to file the necessary paperwork with the appropriate federal agencies after they've determined your rights have been violated.

How long will it take to have an audit of my mortgage files completed? Once the necessary documents are received by the auditing company, they'll have a comprehensive report back to you within 10 business days.

How do I find an attorney to represent me? That's going to be much easier to accomplish once the mortgage audit has been completed and the results indicate how your rights have been violated.

How much will the attorney charge me to handle my case? This could vary, depending on the firm you contact. We suspect there will be law firms willing to represent you on a contingency fee basis, meaning they get paid if you go to court and win or if the mortgage company chooses to settle your case quickly outside of the courthouse. We will let you know of all developments in this area as soon as they become available. Sign up here to receive updates as they happen.

Are You A Predatory Lending Victim? Fight Back!
Click here to learn about your options.

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