report scams here at scam.com dont get scammed Scams and Scammers - Expose hypocrisy and spread respect ! Don't get ripped off! REGISTER  

Go Back   scams > Scam Message Board > Mortgage Scams
Register FAQ Register To Post Member List Promote Search Today's Posts Mark Forums Read
Reply
 
Thread Tools
  #1  
Old 01-23-2007, 05:31 AM
Judge Roy Bean's Avatar
Judge Roy Bean Judge Roy Bean is offline
Silver Member
 
Join Date: May 2005
Location: West of the Pecos
Posts: 136
Just in case there wasn't enough to worry about

The sub-prime lender collapse is creating some interesting situations. Investors are pushing back on some of the bad loans in the pools, meaning some of the predatory originators are finding out that the junk they scammed people with might just be coming back to haunt them in some cases.

Sub-prime originators are setting up special marketing programs to identify and target some borrowers who have their junk loans. In some cases they'll even make special new loan deals with borrowers to keep from having the investor stick them with the bad original loan.

It's all about whom you can trust. The lender/broker who stuck you with it may be calling you to get another loan that protects them from being hung out to dry. On the other hand, they may be calling and you may be able to get out of a really bad loan and even save some money in the process.

If you get a call from your original lender telling you there's an opportunity to save some money, get some professional advice before you jump in. It could turn out to be a good deal and could even keep you out of the foreclosure game or it could just be a way to keep them out of trouble and lawsuits.

If you don't re-negotiate a new deal, they may sell them off to the real scum-bag servicers to run through the meat-grinder. You may have some leverage at this stage of the game, but you need to know what you're doing.

The Honorable Judge Roy Bean
http://www.loansharks.blogspot.com


Reply With Quote

  #2  
Old 02-07-2007, 10:14 PM
visitor45 visitor45 is offline
Member
 
Join Date: Feb 2007
Posts: 37
Re: Just in case there wasn't enough to worry about

Bean, I'm glad you see both sides of the coin so clearly. Many people will hear the words "car dealer" "loan broker" "lawyer" "judge" and instantly have negative thoughts.

Let's assume one of the dishonest brokers you speak of makes the call to his client and wants to make a little more money; there are lots of exciting loan programs out there for a broker to pitch.

Would you condone posting that dishonest brokers personal information on scam.com? His home address, phone number, email, etc.? This way, he can be avoided by all who visit scam.com.



Reply With Quote

  #3  
Old 02-07-2007, 11:26 PM
Judge Roy Bean's Avatar
Judge Roy Bean Judge Roy Bean is offline
Silver Member
 
Join Date: May 2005
Location: West of the Pecos
Posts: 136
Re: Just in case there wasn't enough to worry about

As a general rule, the only time I will identify an individual by name is if they have already exposed themselves or been exposed or at least identified in the news media. The name of the company and the city they operate out of should suffice in these kinds of issues.


The Honorable Judge Roy Bean
http://www.loansharks.blogspot.com

Reply With Quote

  #4  
Old 02-07-2007, 11:50 PM
visitor45 visitor45 is offline
Member
 
Join Date: Feb 2007
Posts: 37
Re: Just in case there wasn't enough to worry about

That sounds fair.

Now what if the broker was honest, did nothing wrong, but was himself scammed and is being mentioned on scamdotcom. Would you support posting his personal information still?

Point being that an honest person can be found in a search engine promoting his honest business, but also be linked to scam.com. This would be a huge red flag for future clients, yes? I wonder if you think that's fair.

If you have posted the personal information of an honest person, will you retract/delete said post?

In other words, should I simply cut to the chase and point to the thread where you have muddied someone's name? ;)




Reply With Quote

Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
Jesus wasn't crucified? Yeah Well Fine Then Religious Scams 4 03-02-2010 12:20 PM
Why The Right Have No Reason To Worry Over Obama Yeah Well Fine Then Political Chat 9 12-31-2009 03:35 AM
But, but...it wasn't about the OIL. Bullshit! sojustask Political Chat 2 11-12-2008 08:08 PM
Don't Worry mumbles Chat Here 3 02-15-2008 12:49 PM
Reasons to Worry sojustask Political Chat 4 06-13-2006 12:52 AM

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump




This site may contain advice, opinions and statements of various information providers. Scam.com does not represent or endorse the accuracy or reliability of any advice, opinion, statement or other information provided by any information provider, any User of this Site or any other person or entity. Reliance upon any such advice, opinion, statement, or other information shall also be at the Userís own risk. Neither Scam.com nor its affiliates, nor any of their respective agents, employees, information providers or content providers, shall be liable to any User or anyone else for any inaccuracy, error, omission, interruption, deletion, defect, alteration of or use of any content herein, or for its timeliness or completeness, nor shall they be liable for any failure of performance, computer virus or communication line failure, regardless of cause, or for any damages resulting therefrom. Just because a business, person, or entity is listed on scam.com does not necessarily constitute they are scammers. This is a free open forum where people can debate the merits from the consumer's or business owner's perspective. Registration and participation is always FREE.


All times are GMT -5. The time now is 03:52 AM.




Scam.com Is Proudly Hosted By Rackco and Protected By CloudFlare


Scams Message Board - Copyright 2004-2013 Scam.com , All Rights Reserved.