Foreclosure has become a major problem in the United States and has created a whole new population of homeless people. The foreclosure process is one of the cruelest and inhuman forms of non institutional punishment in America, but no one legislator, politician, or attorney general has passed legislation to stop lenders, banks, and investors from accelerating the loan and adding an insurmountable and untenable fees that virtually create a quagmire that is overwhelming! The day of closing on a home, whether it is a starter home or an investments property is usually remembered as one of the most important days of one's life. The home loan process is stressful, and at it's end you are just so glad that it is over that you don't real all of the find print. If you are moving into a new home, and you have been packing for weeks in anticipation of your new abode, you could not find one more piece of paperwork that the lender requires if your life depended on it. While sitting at the closing table you fell like you are signing your life away. but actually you are signing your house away. You are signing your legal right away to keep your house if you become delinquent, for whatever reason and you default on your mortgage. Therefore, one of the most important pieces of information that you will receive from this blog is that YOUR CLOSING ATTORNEY IS A FORECLOSING ATTORNEY, AND YOUR CLOSING ATTORNEY REPRESENTS THE LENDER, NOT YOU! KNOWLEDGE IS POWER, so know that when you shake the closing attorney's hand, who represents the lender, you are possibly shaking hands with the DEVIL! It is quite possible and probable that in that law firm there is a section or even a separate building that uses paralegals and the closing attorney to foreclose on someone's home as quickly as she closed your home on the other side of the office.
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