Mortgage Loan Servicing Disaster – Why Homeowners Should Question Loan Servicers

Spring, Texas (PRWEB) August 08, 2012

Millions of property owners continue to struggle with their mortgage loan servicer in their attempts to prevent foreclosure. Even though numerous banks and mortgage loan servicers have been beneath scrutiny related to foreclosure robo-signing scandal, they have been very effective in camouflaging important internal problems from homeowners related to the ownership of the loan, payment applications, loan modifications, force placed insurance coverage, comfort costs, late charges, and credit reporting problems related to the servicing of mortgage loans.

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As a outcome, most homeowners grow to be confused or frustrated with communicating with their mortgage loan servicer in their attempts to preserve homeownership. In order for property owners to be effective in communicating and negotiating, the homeowner should be educated, prepared, and knowledgeable regarding the servicing practices of a mortgage loan servicer.

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Chris Wyatt, a former executive and insider at Goldman Sachs mortgage loan servicer, Litton Loan Servicing, has written a book The Dark and Frustrating World, offered at Amazon.com. The book provides beneficial insider info and guidance to homeowners on what to count on from their mortgage loan servicer. Far more importantly, the book gives homeowners with examples of how to interpret, recognize, and raise essential concerns that may possibly permit homeowners to save thousands of dollars or negotiate more favorable loan modification terms from their mortgage loan servicer.

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Mr. Wyatt is a 20 year veteran in the mortgage industry and founded Wyatt Consulting Services in 2010 for the goal delivering assessment, tips, and specialist witness solutions to property owners and their attorneys on all facets of the mortgage loan servicing industry. He has also written Drinking the Koolade, which gives insight into management choices created by Goldman Sachs throughout some of the most crucial years of the foreclosure crisis and appeared on MSNBC The Dylan Ratigan Show in May possibly 2011.

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