Comments on: Ravens CB Part Of Scummy Foreclosure Scheme? http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612 Celebrity sports gossip since 2001 Mon, 13 Feb 2012 06:43:08 +0000 http://wordpress.org/?v=2.2.1 By: cameron http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-70374 cameron Sat, 14 Mar 2009 21:49:12 +0000 http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-70374 I understand the tranfer of the deed (subject -to). But who is taking out the new loan?  Who ever takes it out, they mess up there own credit.  Home owner cannot take it out because there credit is already ruined! I am confused............ I understand the tranfer of the deed (subject -to). But who is taking out the new loan?  Who ever takes it out, they mess up there own credit.  Home owner cannot take it out because there credit is already ruined! I am confused…………

]]> By: Dawgsrule http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66959 Dawgsrule Wed, 04 Mar 2009 16:55:02 +0000 http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66959 "<em>What I can’t figure out is how the original owners are getting stuck with the responsibility for the mortgage, unless the problem is just that the new “owner” stop paying, and thus the original owners get kicked out of the house. And who are the people who are getting the new mortgages? If they stop paying, doesn’t that mean that a) they can’t get more mortgages with which to pull off this scam, and b) it might mess with the status of their own home loan?" </em>Simple.  A Transfer of title does not transfer liability on a previously signed contract...better known as a mortgage! I work in the Loan modification dept of a MAJOR bank!  A few times a week I talk with folks whom are unfortunately very ignorant and lets be honest..."stupid" and have fallen for some slick 3rd party "Loan Modification" company or attorney whom is just out there to prey on the weak-minded and desperate.  About a dozen times in the last year, (including once last week) this scam has reared up.  Desperate stupid people do desperate stupid things!  Was it P.T. Barnum that said "There's a sucker born every minute"? "What I can’t figure out is how the original owners are getting stuck with the responsibility for the mortgage, unless the problem is just that the new “owner” stop paying, and thus the original owners get kicked out of the house. And who are the people who are getting the new mortgages? If they stop paying, doesn’t that mean that a) they can’t get more mortgages with which to pull off this scam, and b) it might mess with the status of their own home loan?"

Simple.  A Transfer of title does not transfer liability on a previously signed contract…better known as a mortgage!

I work in the Loan modification dept of a MAJOR bank!  A few times a week I talk with folks whom are unfortunately very ignorant and lets be honest…"stupid" and have fallen for some slick 3rd party "Loan Modification" company or attorney whom is just out there to prey on the weak-minded and desperate.  About a dozen times in the last year, (including once last week) this scam has reared up.  Desperate stupid people do desperate stupid things!  Was it P.T. Barnum that said "There's a sucker born every minute"?

]]> By: All Washed Up http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66766 All Washed Up Wed, 04 Mar 2009 01:39:12 +0000 http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66766 Anwar is already halfway dressed for his new prison uniform. Just add some black stripes and voila! Anwar is already halfway dressed for his new prison uniform. Just add some black stripes and voila!

]]> By: Desert Rat http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66730 Desert Rat Tue, 03 Mar 2009 23:37:14 +0000 http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66730 Or another way to say it, pastor & Penn Stater PMITA prison-bound. Or another way to say it, pastor & Penn Stater PMITA prison-bound.

]]> By: Sour Orange http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66706 Sour Orange Tue, 03 Mar 2009 22:15:06 +0000 http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66706 This Penn State player's about to be sent to the state pen! This Penn State player's about to be sent to the state pen!

]]> By: TRUTH http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66705 TRUTH Tue, 03 Mar 2009 22:09:49 +0000 http://www.sportsbybrooks.com/ravens-cb-part-of-scummy-foreclosure-scheme-22612#comment-66705 WHAT A SHOCKER, ANOTHER SHADY PASTOR..SEND THESE GUYS TO PRISON..BUBBA PRISON!! WHAT A SHOCKER, ANOTHER SHADY PASTOR..SEND THESE GUYS TO PRISON..BUBBA PRISON!!

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