Mortgage Crisis

OK, if you are living in another planet and are clueless as to what is going on, not only in the USA but around the globe, let me fill you in:

We have a mortgage crisis. Foreclosures in the USA are at record levels. Lenders won't even take borrower's calls much less negotiate reasonable loan modifications. Did you get the loan you bargained for? Were the loan terms changed at the last second? Were there bogus fees and excessive closing costs? Did you have an ARM (adjustable rate mortgage) which reset and you can't afford it any more? Keep all your loan documents together. Have a forensic company or attorney check them out. You may have important rights under the federal Truth in Lending Act, TILA, or Home Owners' Equity Protection Act, HOEPA. You may be a victim of Fraud and Deceptive Business Practices and many other statutes. You can sue bad lenders in circuit courts, federal district courts and bankruptcy courts. "Knowledge is power" and now more than ever homeoewners do have the power to fight their foreclosure. Even if our house has been foreclosed, the foreclosure sale already has happened, all hope may not be lost, not necessarily. if the sale was unconscionable or fraudulent or on the ground that justice was not otherwise done. There could be many reasons for this. What does this mean? You can fight to keep your house, even at a late date. You may not win but you might buy time. And sometimes, time is priceless. If you have a legitimate claim, you might even be able to raise it, even at a very late date.