Homeowner's Go Fight Foreclosure Mindset, Eminent Domain and Reduced Principal Loan Modifications

Aug. 2, 2013 - PRLog -- (Nationwide, U.S.A) – Go Fight Foreclosure System 2.0 today announced options available for homeowners to challenge their mortgage foreclosures. Citing homeowner's go fight foreclosure mindset, eminent domain, and reduced principal loan modifications are all options to challenging foreclosures. Revealing finding mortgage securitization flaws in the chain of title are primary factors that force lenders to work with homeowners.

The Go Fight Foreclosure System 2.0 educates homeowners on how-to detect improper foreclosures and resources to challenge their lenders. Providing step-by-step instructions on how to locate the PSAs (Pooling and Servicing Agreements), conduct mortgage inspections. Guiding homeowners on how-to review Assignment transfers and separation of promissory notes and security instruments. Offering solutions for homeowners to build a foreclosure defense and to identify their specific foreclosure defenses as it relates to their individual mortgage loan.

For a promotional offer the Go Fight Foreclosure System 2.0 is being offered at a special low rate. Get it now go here: Http://GoFightForeclosure.com

CoreLogic has identified that 11.4 million residential mortgage holders right now owe more than the value of their homes. Revealing that these individuals account for 23.7 percent of out standing loans. Having an underwater mortgage puts the 11.4 million homeowners at extreme risk in the foreclosure crisis. Underwater mortgages are comparable to illness and job loss, which can further hurt the recovery of the housing market.

The city of Richmond, California, is the first in the nation with plans to use the power of eminent domain to stop home foreclosures. In some jurisdictions they require that the condemnor offer to purchase the property before resorting to the use of eminent domain. Which the city of Richmond, California, have already sent letters to banks and mortgage holders with the threat of eminent domain action if they don't agree to sell the loans. Under this demand the city of Richmond, California, wants to purchase 600 underwater mortgages to stop foreclosure.

San Francisco-based private equity firm Mortgage Resolution Partners is conducting this on the city of Richmond, California behalf. The equity firm will receive a fee for handling the transaction and are also working with cities and towns across the country moving in the direction of eminent domain.

If lenders and mortgage holders would themselves perform loan modifications that reduce the principal balance of the loan this would also cure the problem of underwater mortgages. A wide solution to help the 11.4 million residential mortgage holders in need. However, lenders are simply not willing to work with homeowners to reduce the principal balance to fair market value. Leaving the residential mortgage holders owing more than their homes are worth or will ever catch up in value.

Kyle Ransom, creator of the Go Fight Foreclosure System 2.0 is available to audit underwater mortgages and consult on contract issues for mortgages loans to validate eminent domain actions. Ransom is a former mortgage broker with over 16 years of experience. He is also the author of the Amazon Kindle Best Seller “The Home Foreclosure E-Book” a reference guide to understand the homeowner foreclosure process and avoiding foreclosure.

http://www.amazon.com/Home-Foreclosure-E-Book-Tried-Methods/dp/1484914619/ref=sr_1_2?s=books&ie=UTF8&qid=1375467550&sr=1-2&keywords=Home+Foreclosure+E-Book

For more information please contact info@gofightforeclosure.com or call 1 (404) 696 – 4833.