Free E-Book

Six Servicer Tricks is an encyclopedia of tricks that mortgage servicer use to trick borrowers into foreclosure.

Chapters:

E-Book Introduction

Chapter/ Trick #1 – The Pretend Friend

• Pretend Friend # 1 – Big Banks

• Pretend Friend # 2 – the mortgage broker

• Pretend Friend # 3 – Hard Money Lender

• Pretend Friend # 4 – Mortgage Servicer Employee

• Pretend Friend #5 – The Loan Modification Company

• Pretend Friend # 6 – Forensic Loan Auditor

• Pretend Friend #7 – Attorney

• Pretend Friend #8 – Foreclosure trustee/ investor (this needs to be corrected 7 is repeated)

Chapter/ Trick #2 – Ghosting

• Ghosting trick # 1 – The disappearing Second Deed of Trust

• Ghosting trick # 2 – The disappearing first deed of trust

• Ghosting trick # 3 – The disappearing Single Point of Contact.

Chapter/ Trick # 3 Bait and Switch

• Bait and Switch # 1 – the Deed of Trust

• Judicial v. Nonjudicial foreclosure

• Bait and Switch #2 - Predatory Origination

• Bait and Switch # 3 –the MERS Mortgage

• Bait and Switch # 4 –Hard money Loan to Own

• Bait and Switch # 5 – Forbearance without deferment

• Bait and Switch # 6 - oops, we made a mistake.

Chapter/ Trick # 4 DOUBLE SPEAK

• Double Speak # 1 – We're here to help you

• Double Speak #2 - Your foreclosure sale is “on hold.”

• Double Speak # 3 – Your loan modification is "under review."

• Double Speak #4 – Your second deed of trust was "Charged off."

• Double Speak # 5 - The trustee is a non-interested party

• Double Speak #6 - MERS is a beneficiary

• Double Speak #7 – the MERS database replaces the County Recorder

• Double Speak #8 – Fair Debt Collection Act

Chapter/ Trick #5 - Shell Game

• Shell Game #1 - the disappearing mortgage payment

• Shell Game # 2 - the disappearing modification

• Shell Game # 3 – missing payments for a modification

• Shell Game # 4 – the MERS Shell Game

• Shell Game # 5 - trial payments

Chapter/ Trick #6 - Dual Tracking

Conclusion - Avoiding Foreclosure