Many good people right now are facing economic hardships. Striving to do the right thing, most will seek to work out a plan with their current mortgage lender that allows them to reduce their monthly housing payment temporarily, while they seek to bring in more income.
Banks Could Care Less About You Losing Your Home
The grim reality of corporate greed infiltrates banks as much as any other corporate entity. While you, John or Jane Q. Homeowner, struggle to provide for your family and meet your financial obligations, your bank is busy at work setting the stage to sieze your home without remorse. Why? Because it can.
Dual Tracking Fools Homeowners Through Loan Modification
Simply put, “dual tracking” refers to the process banks use to trick homeowners like you facing financial hardship to apply for a home load modification, while the bank also pursues foreclosure. The home loan modification is nothing more than a way to use paperwork and red tape to distract you into a false sense of hope of being able to stay in your home. When a lending institution determines it’s more expedient for it to foreclose on your property, it will pursue that end without a second thought.
You Don’t Know What’s Happening Until It’s Too Late
The whole point of dual tracking is to legally (unethically, yes, but right now, legally) fool you as your loan moves its way through the foreclosure process. Calling your bank makes no difference – the person you talk with in a call center making $10 an hour will never admit to dual tracking – or even that such a practice exists. Nor will that person understand or care about your situation. They are there to collect a paycheck and nothing else. They will tell you only what they are paid to tell you, and nothing more. Every time you call, you will most likely get a different person, and a different answer.
It’s Up to You to Arm Yourself with the Truth!
At SRES, every day we talk to homeowners who’ve been victimized by dual tracking and show them how to fight back legally. However, we can only help those who call us or walk through our doors. The truth is, you don’t have to let yourself be “railroaded” by the immoral practice of dual tracking. We have the expertise and information you need to turn the tide in your favor.
Call us today to get the conversation started – 513-400-4941.