A Short Sale Experts Review on Michael Moore’s Capitalism: A Love Story

Everybody should watch this documentary to understand the dynamics of short sale, loan modification and debt negotiations.  This documentary outlines different types of fraud committed by lenders that have led millions and millions of homeowners into short sales, foreclosures and unmanageable debt.  

As a short sale expert who deals with clients everyday, trust me, I have seen and heard it all:  Homeowners crying on the phone when sharing their hardships, other clients even going as far as taking their own lives after losing all of their equity in their business.  People need to realize that a majority of the mortage fraud committed during the “peak” were not committed by homeowners or investors, but the actual lenders and/or their personnel.  No doc and stated income loans, lender-influenced appraisals, ARMs sold on speculated market appreciation, etc.  These were lenders, not the homeowners, who originated such bad loans. 

These lenders, my friends, are the primary reason why you’re struggling with a short sale.  This is precisely why you are having to deal with a loan modification. 

And now, rather than spending their bailout money on bailing out their customers with grossly over financed properties and terrible loans, lenders are now forcing homeowners to pay for these properties (in the form of deficiency payments and/or judgments) even when homeowner can’t afford it.  Thus, by using the old scare tactic and threatening to foreclose, even if homeowners and agents are doing their best in getting banks fair market value for their property, the bank’s “thank you letter” for your efforts happen to be nothing more than, in effect, “we are going to hunt you down for every last penny for this mortgage regardless of whether you can afford it or not.” 

How lenders are dealing with homeowners could be compared to a man teaching a child how to open a lemon stand, supplying the child with rotton lemons, then when the child is out of business, kicking the child while their on the ground in an attempt to steal the child’s wallet. 

So this is why I am in this business.  I am in this business to advocate for you, the consumer, and to fight back on your behalf.  My desire is to take that man, threaten to call the police, and force him to give back your wallet. 

It is amazing how unaware homeowners are when dealing with lenders.  Somehow, they are “duped” into believing that lenders are providing short sales and loan modifications at terms that are in the homeowners best interest, when in reality, they are almost always looking out for their own interest. 

Don’t let these lenders and creditors kick you while you’re down.  Have someone fight on your behalf.  Get help now.  We understand what lenders are willing/unwilling to do in these situations.  We know their hot buttons.  Don’t give these lenders your money, rather, save it.  You’ve earned it through hard work and thus we will fight as much as humanly possible to ensure that it is yours to keep. 

Don’t be “duped” into yet another “fast one” with the bank.  Get help now.