Stop Paying Your Mortgage! CEPersVid-2

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Why a homeowner or other mortgagor in NY and other judicial-foreclosure states should stop paying the mortgage if financial difficulty is expected in 6 months, invite a foreclosure action, defend the action timely and vigorously (at low cost), and use the extended time to obtain a reasonable modification agreement or find a buyer to get any of your equity out of the property (by not having to sell at a distress sale).

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Thursday, April 15th, 2010 Home Loans

25 Comments to Stop Paying Your Mortgage! CEPersVid-2

  1. Vietnam Travel

    As a 20 year licensed loan agent in California who has helped many people save their properties, at least for a year or two, or more if they actually followed my advice. I feel this attorney is spot on. Stop paying your mortgage now. Hire a good attorney instead and hunker down for a fight. You really want to save your home..fight for it.

  2. Dog Puppy Training on April 15th, 2010
  3. Safety Equipment

    Man, it’s difficult out there. It might not be for you, but it is for millions of Americans. People who want to work but cant find a job. If a persons back is up against the wall, not paying the mortgage makes since…I dont believe in going down with the ship if its not nessesary. What for those crooks? For the guys who made this problem?…no way…

  4. Buy Diamonds on April 16th, 2010
  5. Cycling Sunglasses

    @ethjohns
    Try this scenario. You bought a house 3 years ago for $ 500k. You put down $ 200k. Today your same house across your street sold for $ 175k. You still OWE $ 300k on your house. Would you STILL make your payment?..knowing you LOST your entire life savings of the down payment and still underwater $ 125k? Who is to be blamed? The Bank should take at least half the blame…for lending out money to people with zero money down, and no credit..driving up prices in the first place.

  6. Best Natural Acne Treatment on April 16th, 2010
  7. Cycling Skinsuits

    Sorry folks, you have been had, peed on, scammed and lied to.
    WallStreet is rigged and bailouts a fraud, market manipulations,
    high freqency trading, flash orders, naked short selling, on and on
    Goldman and Gov’t are in bed, they set the rules to benefit the few
    Jobs been exported, your labor de-valued to Zero to screw you into debt
    Walk away from your CC cards and (underwater) mortgage
    FICO scores are a scam to enslave you and keep you in debt
    Get out of paper. Don’t be sheeple. Fight back!

  8. bass fishing on April 19th, 2010
  9. Primal Wear Jerseys

    if you haven’t seen the inequity in banking, ie credit cards, mortgages, etc., then you haven’t been awake. i’m taking the fucksticks for every dime i can. i didn’t agree to refried pieces of shit coming into my country illegally, taking g’ment grants to open businesses with no citizenship, credit, education, common sense, or identification & can’t speak our language after 18 years? tie 3 innertubes together and ship’em back across the rio fuckin’ grande, sink’r swim. nobody got MY vote!

  10. Cycling Gloves on April 21st, 2010
  11. DIY Solar Panels

    what can you do if a commercial bank loan calls your loan if you have never never late like comerica did to me

  12. Fear of Driving Review on April 21st, 2010
  13. Acne Scar Laser Treatment

    First off, his ideas are not that bad, as somebody who is an expert at this sort of thing. To ethjohns – Why do lenders do loan modifications KNOWING that 90% of the borrowers are in default again within six months??? To bleed every last dime that they can before taking the property back. I agree, if a borrower KNOWS they will be in hardship soon, PLAN AHEAD!

  14. Cystic Acne Natural Treatment on April 23rd, 2010
  15. Plumbing

    It’s because of people like you that we’re in this foreclosure crisis in the first place. You have an ethical obligation to repay money you borrowed. The only thing you got right is that “it’s no longer a financial sin to have a foreclosure”. Hmm, why do you think that is Mr. Lawer man? Go get a respectable job!

  16. Female Hormone on April 25th, 2010
  17. Bass Fishing

    LOL!!! This is one of the most ridiculous things I’ve ever watched! People like this douche are the reason for the foreclosure crisis in the first place. You have an ethical obligation to repay money you borrowed. “Stop paying even if you have money”???? WTF??

  18. Personalized Wine Gift Set on April 28th, 2010
  19. Wine Gift Baskets

    I live in CT, I recently had emergency major surgery with a 10 month receovery process. I immediately contacted my bank in writing requesting a 4 to 5 month loan deferment & papers were sent to me but it took 5 months to get them, my employer of 3 + years filed bankruptcy while in hospital & fail to pay social security & other benefits & taxes, bank changes their mind on deferment places me in loss midigation, informing me I’m now 3 months in rears facing foreclosure any good attorney in CT ?

  20. Adult Acne Home Treatment on April 30th, 2010
  21. Panic Away Review

    Remember, we also gave the banks billions in aid. You the landlord would not be bailed out if folks stopped paying you. Can’t really compare the two…..

  22. Dog Training Online on May 3rd, 2010
  23. Friend Adder Bot

    Contact an attorney in YOUR STATE regarding foreclosure laws.
    Some banks will not help you until you stop making your payment. Get to the loss mitigation department of your mortgage company.
    Join the group on Facebook: Homeowners Help Each other with Loan Modifications
    There are many links there to find more information.

  24. Severe Acne Treatment System on May 3rd, 2010
  25. Homemade Solar Panels

    is foreclosure action different in other states? im from san diego, california. if you stop paying your mortgage how bad does your credit become?

  26. Backlinks on May 4th, 2010
  27. Wine Tasting Tours

    I am a landlord, have been for over 20 years with lots and lots of people paying me rent like they are sleep walking. I have always wondered what would happen if people en mass just took a “rent holiday”? kind of like these “Bank Holidays” they are talking about. I mean really, if enough people did it, there is nothing us landlords could do. But please don’t do that. Just keeping paying and pouring your money down a rat hole so that I can have it.. I mean, haven’t I earned it? (suckers…)

  28. Cycling Sunglasses on May 5th, 2010
  29. First Home Owners Grant

    Trust a lawyer, you must be joking. What do you call 10,000,000 lawyers at the bottom of the ocean. Not good enough!

  30. Home Theater Furniture on May 5th, 2010
  31. Womens Hormone Advice

    This attorney doesn’t care about you, he just want to make money of off you. Don’t retain a lawyer, you can do it on your own.

  32. Cystic Acne Natural Treatment on May 8th, 2010
  33. Home Theater Furniture

    I hope you’re being sarcastic, if you stop paying rent your ass will be on the street.

  34. Furniture Hire Brisbane on May 9th, 2010
  35. How to Sleep Better

    this lawyer will go to jail

  36. Bass Fishing on May 12th, 2010
  37. Myspace Friend Adder

    I agree also stop paying the attorneys as well

  38. Best Natural Acne Treatment on May 14th, 2010
  39. Best Natural Acne Treatment

    Do not pay and get kicked out

  40. Training a Puppy on May 14th, 2010
  41. Forex Trading Software

    if you stop paying your m ortgage then ill stop paying rent!

    landlords are pocketing our money (renters) this is wrong! you greedy dirtbags! stop paying rent to selfish landlords!

  42. Home Theater Systems on May 16th, 2010
  43. Panic Away Review

    Keep in mind that loan modifications MAY be available if you are NOT behind on your mortgage. Many people, including the lenders themselves are not aware of this.

  44. Best Wine Gifts on May 17th, 2010
  45. Female Hormone

    Great point. Glad that you took the time to let people know this.

    I am a Realtor and prior lender. What he is saying makes sense.

  46. Womens Hormone Advice on May 20th, 2010
  47. Natural Dog Food

    Sure, STOP paying your mortgage so you have money to pay your shister lawyer (like you) to lower the payments on a house that you agreed to pay for.

    Sounds totaly reasonable.

  48. Wedding Venues Melbourne on May 23rd, 2010
  49. Best Bass Fishing Guide

    I have not met or heard of anyone that has been helped. I have heard stories but it is just like a chain that continues ans never stops, so you never get to see that person that was helped and i need help with my house

  50. Natural Acne Scar Treatment on May 27th, 2010