Robo-signers, MERS, and Moratoriums, oh my!

Robo-signers, MERS, and Moratoriums, oh my!

The news is full of the latest information and speculation about the mortgage industry and foreclosures. This recent article sums up the situation the best of any article I have read to date.

Despite all this speculation about what is going to happen next, the fact is that 75 houses were foreclosed on this week within Kent, Kalamazoo and Ottawa counties combined. So foreclosures are still occurring.

The bottom line is that if you took a loan out on a house and promised to pay it back, you are still obligated to pay that loan. Just because some of the lenders may have messed up and did something wrong, doesn’t give you the OK to stop paying your mortgage and do something wrong too. Remember what Mom said –if your friends jumped off the bridge, would you jump too? Too wrongs do not make a right. If you are already behind on your mortgage payments and facing a Michigan foreclosure, you need to keep looking for solutions. Sooner or later, the foreclosure machine will start back up again and wouldn’t you rather be ahead of it instead of back in the middle of it?

Give us a call and let’s talk about your situation and options. It is business as usual for us and we are here to help you. We are plugged into similar businesses across the country and we are getting daily updates on changes and decisions from some of the top experts in the industry. Let us sort out all the speculation for you and help you navigate through the craziness. Give us a call and let’s get you on the road to a brighter future.


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