How to Protect Themselves from Unscrupulous Mortgage Lenders
Teaneck, NJ (PRWEB) July 25, 2008
National Mortgage Expert, Joe Gross and Host of America's #1 Mortgage Talk Show, "Your Home - Your Future" on 1160 AM WVNJ, has a new hotline, 212-461-2780, in which consumers can dial in and listen to his interview with Assemblyman Darryl Towns who sponsored the recent New York Law to prevent New York residents from losing their homes to foreclosure.
"The hotline was created for those consumers who cannot connect to the internet, or do not have the radio show broadcast in their area, or would like to hear the show again. I have given them an easy way to do so, simply by dialing 212-461-2780," said Joe Gross. "Your Home - Your Future" Hotline is all about helping listeners get the tools and information they need to protect their home today and the future.
New York State Assemblyman Darryl Towns, the Chair of the New York State Assembly Banking Committee, broke down all the aspects and facts each consumer needs to know on how to protect their most valuable asset, their home. He has worked very hard to get this Bill passed and now it's up to each consumer to understand it and do what's necessary to save their house from foreclosure. He shared the information what every consumer needs to know on "How to Protect Themselves from Foreclosure Even if They Didn't Pay Their Mortgage" and "How to Protect Themselves from Unscrupulous Mortgage Lenders"
"What we found were a large number of questionable lending practices such as interest-only mortgages made with little or no income verification. While these schemes have helped drive the homeownership rate in the United States to a record 70 percent, they have also placed millions of Americans, particularly in low-income communities and communities of color, at risk for foreclosure," Assemblyman Towns said.
New York has been suffering from a 25% increase in foreclosures and over 50,000 people will be foreclosed on this year. As a result, Assemblyman Towns took the initiative to bring forward this Bill so all New York citizens can, and will, be protected.
"It is very important in this Mortgage Market Collapse to provide consumers with all the information they need so they can make an informed decision," says Joe Gross, host of "Your Home - Your Future".
"This is a very important time for all people that own a home, or those that want to become homeowners, to do the proper research and get into a loan that will work for them today and the future. With the Mortgage Market Collapse lenders have been going out of business and constantly changing their guidelines so every consumer needs to be updated and kept informed as to what's happening." Gross says.
Joe just finished writing his book titled, "How the Greed of Wall Street, and your Mortgage Lender are destroying America's Credit." If you own a home, you must have this book. In the book he discloses the secrets every consumer must know to protect themselves. This book was just released and will hopefully benefit all those that are suffering from this Mortgage Market Collapse and are in danger of losing their home. Joe offers on his radio show an opportunity for those that want to get the Book FREE, so tune in Thursdays at 2:00 on WVNJ 1160 AM or http://www.saveyournewyorkhome.com.
Joe is available for interviews and welcomes your mortgage-related questions. He can be reached at 800-653-2684 or at http://www.saveyournewyorkhome.com
Media Contact: Please contact Theresa Consoli with any questions or interview requests: 800-653-2684:
Qualified Mortgage Inc.
1086 Teaneck Road
Teaneck, NJ 07666