http://www.themortgagereel.com/fighting-loan-modification-scams/ Washington Mortgage News and Real Estate News Thu, 26 Jan 2012 18:48:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.themortgagereel.com/fighting-loan-modification-scams/comment-page-1/#comment-2367 Mike Thu, 29 Oct 2009 12:14:33 +0000 http://www.themortgagereel.com/?p=2432#comment-2367 Lenders are the biggest scammers out there, but nobody talks about what THEY are doing. The Banks use the term "free" to mask higher interest rates and higher payments on their adjustments. When you deal directly with your lender and they give you $200 off your payment when you qualify for $800, they're STEALING $600 from you EVERY SINGLE MONTH! That doesn't appear to be free to me. In fact, that actually cost you over $7000 EVERY year! NOTHING is free when your dealing with the banks yourself. If people focused more on what the banks are doing (or NOT doing), we'd have a lot less problems on our hands. The Banks are the REAL scammers here. Let's see an article on the atrocities THEY are committing... Lenders are the biggest scammers out there, but nobody talks about what THEY are doing. The Banks use the term “free” to mask higher interest rates and higher payments on their adjustments. When you deal directly with your lender and they give you $200 off your payment when you qualify for $800, they’re STEALING $600 from you EVERY SINGLE MONTH! That doesn’t appear to be free to me. In fact, that actually cost you over $7000 EVERY year! NOTHING is free when your dealing with the banks yourself. If people focused more on what the banks are doing (or NOT doing), we’d have a lot less problems on our hands. The Banks are the REAL scammers here. Let’s see an article on the atrocities THEY are committing…

]]>