Free Forensic Analysis of a Mortgage

GET YOUR MORTGAGE UNDER CONTROL

A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

This comes from the Old French "dead pledge," apparently meaning that the pledge ends (dies) either when the obligation is fulfilled or the property is taken through foreclosure.

In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than on other property (such as ships) and in some jurisdictions only land may be mortgaged. A mortgage is the standard method by which individuals and businesses can purchase real estate without the need to pay the full value immediately from their own resources.

Mortgage firms asked to step up loan modification effort

In a letter to 25 mortgage-servicing firms, Timothy Geithner, the Treasury Secretary, and Urban Development Secretary Shaun Donovan, have urged the firms to modify more home loans. Analysts say the Obama administration's loan modification program has not done enough to stem the rising tide of foreclosures so far because people have not taken advantage of them.
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In a mortgage by legal charge or technically "a charge by deed expressed to be by way of legal mortgage", the debtor remains the legal owner of the property, but the creditor gains sufficient rights over it to enable them to enforce their security, such as a right to take possession of the property or sell it.
To protect the lender, a mortgage by legal charge is usually recorded in a public register. Since mortgage debt is often the largest debt owed by the debtor, banks and other mortgage lenders run title searches of the real property to make certain that there are no mortgages already registered on the debtor's property which might have higher priority. Tax liens, in some cases, will come ahead of mortgages. For this reason, if a borrower has delinquent property taxes, the bank will often pay them to prevent the lienholder from foreclosing and wiping out the mortgage.
This type of mortgage is most common in the United States and, since the Law of Property Act 1925, it has been the usual form of mortgage in England and Wales as well.

Because of the complicated legal exchange, or conveyance, of the property, one or both of the main participants are likely to require legal representation.

We can help you !
The first step is to see if you are eligible for a loan modification. We will provide a FREE FORENSIC AUDIT of your loan. Please visit the “eligibility” tab and the “FAQ” tab to determine if this program is for you. We want to assist you however please be aware that this is not a “get out of jail free” card. This program is a win, win, win, for those who qualify. Our team of Attorneys will negotiate your loan with your lender. Once successful, your lender wins because they will not have to buy your home back from you (foreclosure), you win because you keep your home by making it affordable (keep equity), the bank wins because it keeps toxic debt off their books, (new FDIC laws are restricting what banks can carry as negative debt) and the Citizens win as a whole because the banks will be able to lend again. Thus leading our Country to the road of recovery.

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You will be emailed a list of documents necessary to complete your free forensic audit. Once you have gathered your paperwork and are ready to get started we will work with you personally through every step of the process.