Mortgage Fraud Examiners Blog

Mortgage Fraud Examiners, the company that was warning the public about loan modification services months before the Obama Administration, is now warning of a new “criminal loan modification trap” which the government 'doesn’t' want you to know.

Ashburn, Virginia - April 14, 2009 -- Some mortgage lenders are springing a “loan modification trap” of criminal prosecution against homeowners who try to avoid foreclosure, says a mortgage expert firm, Mortgage Fraud Examiners. Rather than cooperating with homeowners needing loan modifications, some lenders report struggling homeowners to the FBI or State authorities for bank fraud.

Storm Bradford of Mortgage Fraud Examiners states:

"The Obama Administration warned this past week that most loan modification companies take advantage of borrowers in danger of default by charging upfront fees of $1,000 to $3,000 for help with loan modifications that rarely, if ever, pay off. Such private firms are competing with the Obama Administration’s own loan modification service. Thus far, that government service also "rarely, if ever, pays off".

Government officials evaded the question of why loan modification efforts "rarely, if ever, pay off." Mortgage lenders are refusing to cooperate with struggling homeowners – unless forced to re-negotiate terms by legal challenges. The root of the problem is that lenders are not agreeing to lower monthly payments, even to avoid foreclosures.

Instead, when homeowners submit financial information to renegotiate the terms of a mortgage or a short-sale, lenders are comparing their new request with the original loan application. If salary and employment information are inconsistent, many lenders are turning this information over to the FBI to prosecute homeowners for bank fraud.

Mortgage Fraud Examiners CEO Storm Bradford explains, “Homeowners must be careful to retrieve a copy of their original loan application before requesting a loan modification. Information on the new request must match the original application, or else be clearly explained and documented.”

Congress and the White House have pinned the nation’s hopes for the housing market on homeowners renegotiating their loan payments. Yet this strategy is failing. The government criticizes private firms, but “free” government programs are also failing.

Lenders are not cooperating with loan modifications; Homeowners have no leverage when talking to mortgage companies and banks. Bank officials will not take responsibility for cutting loan payments. As a result, using a loan modification firm often means paying several thousand dollars for a simple phone call, to which the answer will predictably be “no.” The primary fault, however, is with uncooperative lenders who would rather foreclose than take responsibility for lowering interest rates or forgiving principal.

A new study exposes the failure of loan modifications in general. Alan M. White (Valparaiso University - Law School), Deleveraging The American Homeowner: The Failure Of 2008 Voluntary Mortgage Contract Modifications, publication pending in the Connecticut Law Review. Professor White found that “more than nine out of ten voluntary mortgage modifications in 2008 involved no cancellation of principal, past due interest or even late fees or expenses. The typical modification requires the homeowner to capitalize unpaid amounts or to convert them to a balloon payment.” (Payments are merely shifted to the end of the loan term.) Because mortgage lenders are not genuinely providing any real relief, half of restructured loans default within 6 months.

Professor White’s study found that servicing contracts encourage loan servicing companies to foreclose. “Mortgage servicer compensation (for securitized mortgages) is governed by pooling and servicing agreements (“PSAs”). Servicers receive income from a fixed portion of monthly interest payments actually received, from late fees and other default charges, and from the interest on funds held for investors or escrow.”

“On the other hand they typically must advance interest to investors when the borrower doesn’t make a payment. They also advance funds to third parties, like lawyers, during the foreclosure process. The servicer recovers its advances only when the borrower eventually brings payments current, or when a foreclosure sale is completed. However, if a delinquent mortgage is modified, the servicer will not recover the advances made to investors on that account until the borrower repays the servicer. This is particularly problematic for the servicer when the advances are deferred in a balloon payment due in thirty years.”

So, these contracts misdirect actions toward destructive foreclosures. Dumping more houses on the market then drives down neighborhood market values even further, creating a “death spiral.”

Instead, Bradford and his team of lawyers perform forensic appraisals and loan examinations, documenting legal violations. These examinations can then be used by locally-licensed attorneys in each State to take legal action, or used as leverage for meaningful loan modification negotiations.

Bradford estimates that “up to 85% of all mortgages may be legally unenforceable due to defects like lost notes, improper notices, appraisal and/or mortgage fraud. When facing a possible lawsuit after an examination, lenders suddenly get religion and become much more cooperative in renegotiating the terms of a loan.”

"You need to take advantage of every conceivable resource that you can find to use against your lender," Bradford says. "We do a forensic examination, along with a forensic appraisal, to examine whether or not there are any legal violations. We give you another piece to use against your lender that nobody else does."

Several homeowners who have used what Bradford preaches, have won million dollar lawsuits against lenders, or have received other such favorable outcomes."

For more information contact: Storm Bradford, Mortgage Fraud Examiners, by phone:800.540.EXAM (3926), by email: amicusman@mortgagefraudexaminers.com and visit their website: http://www.MortgageFraudExaminers.com.

Everyone is hawking loan modifications these days. It’s a scary thought that people with no legal experience are pushing people into loan mods without any discussion of a Forensic Document Examination or Forensic Appraisals. When you modify a loan, you essentially waive any claims you have to go after the lender!

The threat of foreclosure is a legal problem, and you start by treating it like any other legal problem. The first basic step it to determine whether the mortgage transaction is legally valid. Wouldn’t you like to know if you could pursue your lender for a better deal, on your terms instead of theirs?

Mortgage Fraud Examiners is a project of Lex Consulting. For over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law. Due to the recent housing crisis, Mortgage Fraud Examiners, a team of specially trained attorneys, was created to provide borrowers and their lawyers with comprehensive assistance to help them keep them in their homes.

For more guidance and information contact:

Mortgage Fraud Examiners by phone: 800-540-EXAM (3926); or website: http://www.MortgageFraudExaminers.com.

Loan Modifications Companies Failing To Help Troubled Homeowners Avoid Foreclosures

Why would anyone pay thousands of dollars to try to get their loan modified by ‘Joe the Modifier’, when the federal government and several non-profits will do them for free?

Ashburn, Virginia - Renegotiation of mortgages is a central part of the government’s strategy to turn around the housing crisis, slow the collapse of home values, and strengthen financial institutions carrying bad loans. Yet the entire effort is failing, and homeowners are seeing little relief. With record numbers of foreclosures and homes in default, many distressed homeowners have been turning to loan modifications or audits to resolve their financial difficulties.

Mortgage Fraud Examiners CEO, Storm Bradford states, loan modifications, as a rule, are a sham because 80% of the homeowners are being turned down, and of the remaining 20%, 53% are in foreclosure within six months. Since loan mods are a failure, you now have audit companies popping up all over, and the majority of these companies aren’t qualified”. Bradford goes on to say, “these loan audit companies aren’t qualified because they don’t have the legal knowledge necessary to deal with such matters. Why would you go to anyone that isn’t a legal professional to deal with legal matters? You’re dealing with statutes, regulations, torts and all types of legal anomalies. Having been a mortgage broker, real estate agent, or loan processor does NOT qualify you to do loan audits. Some companies promote themselves as being attorney-backed, but that is misleading the public, he says. They try to give impression that they have something to do with attorneys, but they usually don’t.”

“Moreover, most loan audit companies are using the same software that the mortgage companies and banks were using to make sure they were in compliance with the laws. I guess what I don’t understand is that if this is the same software that allegedly was keeping the banks in compliance, how could software audit companies find violations of non-compliance if the software was keeping the banks in compliance in the first place? Anyone with two brain cells to rub together can see that’s a joke! We train attorneys and the input from most of the ones we’ve spoken with was they stopped using this software audit; the consensus of opinion was they were ‘useless’, says Bradford.

“With estimates that up to 90% of all mortgages are problematic due to things like lost notes, appraisal and mortgage fraud, Mortgage Fraud Examiners is the company to turn to”, says Bradford. “We perform our analyses by hand, looking for and finding violations that software can’t. Most importantly, we know what to look for, red flags that the layperson wouldn’t be able to find. Matter of fact, Mortgage Fraud Examiners is the only company that not only has legal professionals performing examinations by hand, we are the only company also identifying State violations, as well as Federal violations; and we provide a forensic appraisal as part of the examination process. Why a forensic appraisal? The statistics show that appraisal fraud was and is rampant, and a major cause of the current housing dilemma!”

“Often, mere Loan Modification, does not even reduce your monthly payments, and almost never reduces the principal of the loan. However, evidence within a forensic appraisal and forensic document analysis, can be used by local attorneys in each State to take legal action, or used as leverage for meaningful loan modification negotiations. When lenders face a possible lawsuit after an examination, they suddenly become more cooperative in renegotiating actual write-offs of principal, lower interest rates, and much lower fixed rate loans.

For more information contact: Storm Bradford, Mortgage Fraud Examiners, by phone:800.540.EXAM (3926), by email: amicusman@mortgagefraudexaminers.com and visit their website: http://www.MortgageFraudExaminers.com.

Mortgage Fraud Examiners, the investigative firm who warned the public about loan modification scams, the "criminal loan modification trap" and the Mortgage Elimination scam is now warning the public of this latest scam.

Reston, VA, September 25, 2010 (PressReleasePoint) -- When the mortgage crisis hit American homeowners full-force, companies offering "foreclosure rescue" and "loan modification" companies sprouted like weeds. Most promised troubled homeowners quick fixes for high fees, and failed to deliver after collecting their money, leaving families poorer and closer to homelessness.

The new flood of loan audit companies is fueled by the spread of loan modification companies in an attempt to side step the upfront fees that the states have prohibited these companies from charging. They're the proverbial "wolf in sheep's clothing."

Mortgage Fraud Examiners is a project of Lex Consulting, LLC http://www.instantlawpartner.com. For over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law. Due to the recent housing crisis, Mortgage Fraud Examiners, a team of specially trained attorneys, was created to provide borrowers and the legal community with comprehensive assistance to help them keep them in their homes.

Mortgage Fraud Examiners CEO Storm Bradford explains: "Although forensic examinations of mortgage transactions can be of substantial value to a homeowner, regrettably, most companies providing these so-called 'loan audits' are nowhere near qualified to do so. They are performed and sold by persons with no legal training, such as, former real estate agents, mortgage brokers, or loan processors, who input data into some software program. The "audit" is a useless checklist of the documents provided to the "auditor," with no information about the legal implications of the documents. It's that old adage on computer software: 'Garbage-in, garbage-out.' We do our forensic examinations mostly for attorneys and their clients. Knowledgeable attorneys are going to spot a scam 'audit' a lot quicker than a layperson. We have to provide services that withstand the scrutiny and demands of a trained legal eye. You need a specific and unique legal knowledge to do a forensic examination of a mortgage transaction; a ten-minute software audit is no substitute for three years of law school. We're legal professionals looking for things that software can't find, besides, we know what to look for!"

"A true forensic examination inspects the homeowners' appraisal, mortgage and supporting documents, in the context of the dealings surrounding the creation of those documents, so legal experts can discover legal defenses a homeowner can use to avoid foreclosure.

Jonathon Moseley, an attorney specializing in foreclosures, employs the services of Mortgage Fraud Examiners explains, "Mortgage Fraud Examiners helps me identify contract defenses, torts, regulatory violations and other types of legal anomalies. The value of a thorough examination of the mortgage transaction is that the examination is done right -- with legal accuracy and depth. Unfortunately, cheap imitators must be avoided. A simplistic, software-based forensic audit by individuals with no legal training defeats the whole purpose: Careful analysis of the whole transaction, to include an analysis of the appraisal is needed to prepare a legal defense. The first step in any contract dispute is to see if the contract is legally valid. Too many lawyers never check whether the mortgage is even legally enforceable before rushing in to tackle a foreclosure. Spending money on one of these so-called forensic audits is entirely wasted because it takes a thinking legal professional to find defects in a mortgage transaction.”

How does a consumer spot a legitimate loan auditor from an untrained one? "Ask the right questions," Bradford advises. "Ask how they do they conduct the audit- is it software, or are there specifically trained attorneys spending real time examining the documents looking for contract defenses? If they're not performing a forensic appraisal that should be a clue. We find appraisal fraud in four out of every five-mortgage transactions we examine. Be wary if they tell you something vague like, 'Attorney backed,' or they're 'certified loan auditors.' Either legal professionals are performing the examinations, or not, and there is no schooling or certification process to becoming Joe the Auditor. Someone could have been a ditch digger last week and doing 'audits' this week. Be careful with a 100% guarantee. Guarantees usually always have loopholes. Homeowners need to be careful. You even have attorneys doing loan modifications instead of doing what they are paid to do--that's looking for contract defenses."

"There really are many legal options available to homeowners facing foreclosure," Bradford concludes. "But there are no shortcuts to finding them. Every claim has unique facts, every claim has different applicable law, and only a legal specialist is going to find the answers to help each individual borrower stay in their home."

Contact: Mortgage Fraud Examiners, Phone: 800-540-EXAM (3926), http://www.MortgageFraudExaminers.com

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Press Contact:

Storm Bradford

Mortgage Fraud Examiners

1818 Library St. Ste 500

Reston, VA 20190

a m i c u s m a n @ m o r t g a g e f r a u d e x a m i n e r s . c o m

1-800-540-3926

http://www.mortgagefraudexaminers.com

Mortgage Fraud Examiners, the investigative firm who warned the public about the “criminal loan modification trap” and “useless” software audits, is now warning the public of this latest scam—“Mortgage Elimination”

Ashburn, VA, April 13, 2010 (PressReleasePoint) -- Actually, this scam is not new; the last time it was prevalent was back in the late 1980s and early 1990s when many Midwestern farmers were losing their family farms. Hucksters flooded the Corn Belt promoting their openly brainless schemes managing to convince farmers that they weren’t required under the law to repay their bank loans. These same nonsensical theories have resurfaced today in what is known as “Mortgage Elimination.”

Mortgage Fraud Examiners CEO Storm Bradford explains: “The previous scams we’ve exposed dealt mainly with companies that market “useless” software audits, and companies charging fees for a loan modification when the homeowner can go to HUD or non-profit organizations and get one for free. This scheme literally instructs homeowners on how to commit federal and state crimes.”

“Swindlers of the “Re-conveyance By Administrative Process” scam, as it’s known, advise homeowners that financial institutions are forced to cancel mortgages and/or deeds of trust, without payment on secured promissory notes because allegedly they never lent money to the borrower for the purchase of their home. According to them, this makes most mortgages unenforceable against their so-called “proprietary administrative procedure.”

“Why would anyone believe such idiocy when obviously the bank writes a check for the purchase of a home, or writes the homeowner a check for a cash-out refinance? Because these swindlers literally change the content of legal definitions, statutes, and court cases; cite various discredited legal theories, quote from out-of-context Federal Reserve press releases, and intermingle bogus legal terminology, to scam thousands of dollars out of unsuspecting homeowners who are not aware of the fact this "vapor money" theory has been squarely addressed and rejected by courts throughout the country for over twenty-five years.

“Homeowners in foreclosure are simply desperate for a solution, and that’s what the scammers count on. The sad part is the desperate homeowner and his family end up in even more desperate straits. They end up paying thousands of dollars for legal babble that gets them nothing, except a possible criminal conviction in the end.”

There are several variations of the scam, but basically this is how it works:

1. Owner/borrower executes a substitution of trustee for the deed of trust against his or her property (which, of course, the owner/borrower has no authority to do because of its non revocable character). Substitution of trustee is recorded.

2. Substituted trustee executes and records a release (or reconveyance) of the deed of trust, or

3. Substituted trustee records a notice of sale pursuant to deed of trust, followed by a trustee's deed in favor of a third party (or trust). It appears the trustee's deed does not follow a legitimate foreclosure sale, and the third party is a 'strawman' or otherwise holds the title in trust for the former owner/borrower.

4. Later, property is refinanced (or possibly sold) with new title insurance being issued to include coverage against the supposedly released or foreclosed deed of trust.

In essence, the homeowner files a forged reconveyance on a property, making it appear that the property is owned free and clear. The homeowner encumbers the property with a new loan and runs off with the new loan proceeds. http://www.fincen.gov/law_enforcement/ss/html/mort...

"There really are many legal options available to homeowners facing foreclosure," Bradford concludes. “However, the only process that works is to find a REAL legal dispute that a judge is willing to accept as a valid reason to declare the debt void, such as tortuous misconduct, gross violation of lending laws, violations of state and federal consumer protection acts, or appraisal fraud. Every mortgage transaction has unique facts, every claim has different applicable law, and only a legal specialist is going to find the answers.”

Mortgage Fraud Examiners, Phone: 800.540.EXAM (3926), http://www.mortgagefraudexaminers.com

Press Release Distribution By PressReleasePoint

Press Contact:

Storm Bradford

Mortgage Fraud Examiners

PO Box 1332

Ashburn, Virginia 20146

a m i c u s m a n @ m o r t g a g e f r a u d e x a m i n e r s . c o m

1-800 540--EXAM

http://www.mortgagefraudexaminers.com

FOR IMMEDIATE RELEASE

According to the latest data from the Federal Reserve "approximately 3 percent of the seriously delinquent borrowers received a concessionary modification in the year following their first serious delinquency, while fewer than 8 percent received any type of modification," at all! Nonetheless, everyone is hawking loan mods these days. It’s a scary thought that people with no legal experience are pushing people into loan modifications without any discussion of a forensic loan analysis or forensic appraisals. The scariest part, when you modify a loan, you essentially WAIVE any claims you have to go after the lender! Why is this important, because the majority of loans closed in this century have problems that the borrower could use against his lender! In fact, and in most cases, lenders are holding nothing but worthless or at best questionable mortgage instruments. If you sign up for a loan modification, you are in essence validating an alleged debt that you most likely don’t have anymore because it was destroyed in the securitization process.

Furthermore, a Loan Modification company cannot guarantee the distressed borrower that their submitted documents for the modification will not be used against them by law enforcement in the future. Prosecutors will be going after borrowers for participating in fraud by overstating their true income. What this does is make any submission to the lender vulnerable unless you have the attorney-client privilege over your submission. (The same is true if a borrower submits financial statements to obtain a Deed In Lieu of Foreclosure or Short Sale.) Therefore, a Loan Modification should be a last resort- a legal maneuver not something done by Joe the Modifier.

The threat of foreclosure is a legal problem, and you start by treating it like any other legal problem. The first basic step it to determine whether the mortgage is legally valid. Wouldn’t you like to know if you could pursue your lender for a better deal before you get their boilerplate modification agreement?

Mortgage Fraud Examiners is a project of Lex Consulting. For over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law. Mortgage Fraud Examiners is a team of specially trained attorneys that provides Forensic Document Examinations and Forensic Appraisals, helping borrowers and their lawyers with comprehensive assistance and the evidence needed to bring about positive outcomes in favor of the homeowner.

For more guidance and information contact: Mortgage Fraud Examiners by phone: 800-540-EXAM (3926) http://www.MortgageFraudExaminers.com.

Mortgage Fraud Examiners, the investigative firm who warned the public about loan modification scams, the "criminal loan modification trap," “forensic loan audit” scams, and the “Mortgage Elimination” scam is now warning that “pretender defenders” may be cheating homeowners out of victory by ignoring contract breaches and tortious acts underlying their mortgage transaction.

“Only exposure of contract breaches and/or tortious conduct underlying a mortgage transaction provides a sound strategic basis for liberating homeowners from the bondage of mortgage foreclosure.” So says Storm Bradford, Founder of Mortgage Fraud Examiners.

Mortgage Fraud Examiners is a project of Lex Consulting, LLC. For over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law. Due to the recent housing crisis, Mortgage Fraud Examiners, a team of specially trained legal professionals, was created to provide borrowers and the legal community with comprehensive assistance to help keep them in their homes.

“Homeowners and attorneys need to understand a promissory note; mortgage/deed of trust is nothing more, nothing less, a contract. Moreover, attorneys need to be extra careful. According to several ethics counsel we contacted around the country, “failing to identify contract breaches and/or tortious conduct may justify a homeowner suing a foreclosure defense attorney for malpractice or at least disgorgement of fees if the homeowner were to lose their property and these problems were later identified.” Bradford reiterates the point, made by the ethics attorneys, foreclosure defenders who fail to properly examine the mortgage transaction might face legal malpractice claims by their clients: “Let me ask you this. If a client goes to an attorney with a contract dispute, what is the attorney ethically bound to do? Isn’t it to look for breaches in, and tortious conduct related to the contract?

Thomas Carrero, a Florida attorney specializing in foreclosures explains, “we see numerous borrowers who seek out representation of a "true" litigation attorney after another law firm charged them a flat fee to supposedly defend their foreclosure. It is our belief that the only true way to properly defend a foreclosure suit is through an in-depth analysis of the mortgage transaction and appraisal process, and then attacking the loan based on those findings through an aggressive litigation or settlement plan. On the flip side of the coin, if no meaningful violations are found after carefully reviewing the mortgage transaction, a borrower will not pay what is sometimes several thousand dollars to hear, "Sorry we can't help you." Rather, with a billable hour litigation attorney, focus could then be shifted to

asset protection, alternate resolution (i.e., short sales, deeds in lieu of foreclosure, "friendly foreclosures," etc.), reducing the amount of any potential judgment, negotiating away any potential deficiency balance and in the most extreme cases, potentially filing for bankruptcy.”

Bradford claims that so many foreclosure attorneys fall into the Pretender Defender category that homeowners must develop ways to determine whether the attorney can and will be able to identify contract anomalies within the mortgage transaction, and get them a financial settlement and/or their house free and clear if found. “Asking a simple question, like how many cases have you won, would be a good starting point.”

Bradford explained the favorite strategy of the “Pretender Defenders:” “They use arguments like “show me the note,” “securitization, “MERS”, “robo-signing,” and so on. Although these have some legal validity, inevitably, the entity foreclosing corrects the defects and wins because of one central fact that everybody knows – the borrower failed to repay the mortgage loan as agreed. These “pretender defenders” know that the court will eventually grant the foreclosure, Bradford says, and that their typical defenses generally amount to nothing more than STALL tactics.”

This brings up a pressing question. How often do “pretender defenders” miss valid defenses that may help homeowners? A recent lawsuit by the FDIC shows that this happens all the time. The FDIC had 292 appraisals performed by an appraisal management company for Washington Mutual analyzed. The FDIC found “more than 75 percent of appraisals reviewed were found to contain multiple egregious violations of USPAP and applicable industry standards.” http://www.policyshop.net/home/2011/6/6/the-fdics-big-appraisal-fraud-suit-why-it-smellsfishy.html

“Foreclosure defenders should be identifying tortious conduct, and contract breaches. And finding problems within the mortgage transaction is relatively easy, we find appraisal fraud in eight out of every ten mortgage transaction we examine, which coincides with the findings of the FDIC, and that doesn’t include all of the other types of tortious conduct and contract breaches that are usually present. So in most cases the homeowner has a ninety percent chance or better of having something viable that puts them in the proverbial “driver’s seat.” And in our experience, most often the demonstration of a strong cause of action will lead the bank to ask for a settlement. The settlement or the lawsuit could result in getting the house free and clear, and/or money for the foreclosure victim, plus fees and costs for the attorney.”

http://www.wvrecord.com/news/233771-quicken-loans-on-losing-end-of-3-million-predatorylending-verdict

Bradford adds, “if the homeowner had a choice of possibly stalling the foreclosure action or possibly getting their home free and clear, and/or a monetary settlement from the bank, does anyone really believe the homeowner would choose the stall tactic? And yet, many do because they were misled by these “pretender defenders” who are incompetent, inexperienced, or just by their greed. By just delaying the inevitable foreclosure, some “pretender defenders” bill their clients anywhere from $1500.00, to $3500.00 or more upfront, and $500.00 to $1500.00 a month until their foreclosed on. In the end, the client loses the house and has lost to the “pretender defender” $5,000.00 to $20,000.00 badly needed for relocation after the foreclosure.” http://www.tampabay.com/news/confusing-lawyer-fees-complicate-foreclosure-battles/1173271

Mortgage Fraud Examiners provides services for attorneys and their clients who face foreclosure and for homeowners who suspect problems underlie their mortgage transaction. They discover appraisal fraud, loan application fraud, other tortious conduct, contract breaches and both typical and atypical violations of all kinds. They provide a report of the findings within 7 business days, and, as a service to attorneys, may provide it styled as a complaint ready for filing or for settlement negotiations.

"The first line of action for any homeowner or attorney should be the examination of the mortgage transaction first, and in the off chance there’s nothing there of any consequence you can always stall afterwards, but never first! There really are many legal options available to homeowners facing foreclosure," Bradford concludes. “However, the only process that works is to find a REAL legal dispute that a judge is willing to accept as a valid reason to slam the bank, such as contract breaches, tortious misconduct, etc. Every mortgage transaction has unique facts, every claim has different applicable law, and only by properly examining the mortgage transaction is one going to find the answers.” Mortgage Fraud Examiners Phone: 800-540- EXAM (3926) amicusman@mortgagefraudexaminers.com http://www.mortgagefraudexaminers.com