Profound and Pervasive Misconduct in Mortgage Servicing is not a Secret

I highly recommend reading Federal Reserve Governor Sarah Bloom Raskin’s speech at the Association of American Law Schools Annual Meeting, Washington, D.C. January 7, 2012 

Have a read of this speech from Fed Governor Sarah Bloom Raskin, titled Creating and Implementing an Enforcement Response to the Foreclosure Crisis.

It is not a secret that mortgage servicers have been deceiving and continue to deceive homeowners.  We must then ask, why, the current administration continues to encourage homeowners to work with their mortgage servicer to access “help for homeowner” plans from campaign speeches that they promise but cannot and should not deliver.  Also, in spite of repeated demonstrable experience, homeowners continue to follow the blatantly onerous instructions of mortgage servicer representatives.  Unfortunately, the most vulnerable in our population are mostly the ones to follow this advice and end up in far worse financial positions than when they started.

The best way for homeowners to protect themselves from abuse is to work with their own independent Attorneys and Attorney affiliated specialists.  Effective Technical Group, LLC can start your preliminary analysis and review real options.  Real business solutions are possible for homeowners.   We refer proven Attorneys that can review your situation to determine if you have effective legal defenses and can work to protect your property rights.  Other options, besides legal strategies, consist of effective liquidation and strategically exiting to allow for quick reestablishment of your financial position.  That is what we call a plan to get out from under, which differs from the “help for homeowner” type plans that just continue to keep homeowners in distress and increase their negative equity.

Real business solutions are possible for homeowners.  We’ll show you, and your Attorney if you already have one, how to work only with experienced and knowledgeable professionals for the results that are best for you.


About Diana Cessna

With 22 years of Real Estate and Finance and Community Service experience, I offer unique resources to aspiring home owners and seasoned home sellers alike. My training and background is in corporate training, mortgage, real estate sales, credit counseling, state and federal banking compliance and fraud detection. Consumer advocacy and consumer finance education are the foundations that support my clients through all life's transitions. View all posts by Diana Cessna

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