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The housing bubble has burst. The U.S. faces its worst economic crisis in history. Millions of Americans have been threatened with foreclosure. Millions more have already lost their homes. But you don't have to be one of them. Judges all across America are dismissing foreclosures because lenders who have sold mortgages have no legal standing to foreclose. If you own a home and have an adjustable rate mortgage, you can fight mortgage fraud and foreclosure and win. And if you have already lost your home, you can ...
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The housing bubble has burst. The U.S. faces its worst economic crisis in history. Millions of Americans have been threatened with foreclosure. Millions more have already lost their homes. But you don't have to be one of them. Judges all across America are dismissing foreclosures because lenders who have sold mortgages have no legal standing to foreclose. If you own a home and have an adjustable rate mortgage, you can fight mortgage fraud and foreclosure and win. And if you have already lost your home, you can sue for damages. Mortgage Wars shows you how.
Iris Martin explains how many large lenders have committed fraud during the origination, closing and servicing of their loans, making them vulnerable to predatory lending lawsuits and liable to pay homeowners major damages. The author shows how the majority of mortgages have been "securitized" or presold and then reassigned, sliced and diced, and sold as shares in mortgage-backed securities-making it impossible to determine who really owns them.
Mortgage Wars is filled with tools, tactics and actual legal cases along with examples of how to hire an attorney and file a lawsuit against your predatory lender. You will learn how to:
Determine if your mortgage is predatory and has been securitized
Audit your mortgage for violation of laws
Successfully apply the law to your specific mortgage
Extinguish your predatory loan
Stop foreclosure dead in its tracks
Part 1 The Conspiracy to Defraud Homeowners
1 Reversal of Misfortune 3
2 The Conspiracy and the Fraud 51
3 How America Got Duped 67
4 Payment Shock Syndrome 75
5 Discover Fraud, Forget Foreclosure 121
Part 2 How To Wage Mortgage War
6 Are You a Victim of the Conspiracy? 163
7 Your Forensic Mortgage Audit 169
8 Rescission of Your Toxic Loan 209
9 Suing Your Predatory Lender 223
Part 3 Homeowner's Arsenal of Legal Weapons
10 The Truth in Lending Act 271
11 The Real Estate Settlement Procedures Act 291
12 Quiet Title Action 295
13 Fraud and Fraudulent Misrepresentation 321
14 Additional Legal Weapons 337
Posted November 1, 2009
In my opinion this is a book hastily put together with the clear intent on cashing in on a hot topic. This book is written by a therapist specializing in "transformation" who from her bio "is a luxury home investor who became interested in the mortgage meltown when she heard about homeowners in distress." There is almost no author provided content relevant to the title. I counted 90 pages of author content in a 334 page book. Much of that is therapy oriented - don't let it get you down, etc. The bulk of the book is "cases" which are complete reprints of legal filings and/or judicial opinions most with literally zero commentary. As an example, the chapters on RESPA (Real Estate Settlement Procedures Act) and TILA (Truth in Lending Act) - the primary applicable laws - are literally 2 and 3 pages each net of the "cases."
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Posted February 15, 2010
Martin, who worked in the White House with former U.S. president Bill Clinton and was a member of Pennsylvania Governor Ed Rendell's finance committee, said when she first read about the mortgage foreclosure crisis last year, she saw an opportunity for people to take charge of a bad situation and, by doing so, transform themselves.
So Martin has written a book, "Mortgage Wars," which tells people how to fight back against predatory lenders looking to foreclose. She documents legal cases in which others have fought and won their homes' titles free and clear.
I asked her, "What's the best psychological advice you can give to someone coping with a foreclosure?"
She said, "Doing nothing is the worst possible psychological thing you can do ... So, you have to get off your butt and do two things: psychologically, calm down and understand there is absolutely light at end of tunnel and operationally, get in this process and take control of the situation."
Posted January 19, 2010
In November of 2007 my husband was injured on the jobsite. He was out of work for 7 months. We called our mortgage company Taylor, Bean and Whitaker immediately to ask for help. After giving us the run around for 1 year we were offered a loan that set us up for failure.
Taylor, Bean and Whitaker then foreclosed on us without notice. They would not take our numerous calls.
So my brother told me about Mortgage Wars and Iris Martin. We got in contact with her and she knew exactly what to do. She put a stop to the insanity. Letters were written and the process of us being kicked out of our home was stopped! When the time came we were directed to a lawyer who has been helping us to fight for our home in the court system. Our lawyer was retained for a decent contractual fee through Iris Martin and Mortgage Wars. Things are not settled yet, but now the dishonesty is being dealt with in court system. With the help of Iris Martin, her wisdom, and the Mortgage Wars book, we are pressing on in this battle and expect to win.
Mr. and Mrs. Tomchek
Posted January 19, 2010
The real importance of Iris Martin's seminal book, Mortgage Wars, is in the fact that through it, Iris was one of the first authors to sound the wake-up call to the magnitude of the of the mortgage fraud problem, the devastating effect it works on American families and, most importantly, that there are legal means which one can avail him or herself to fight foreclosure.
Iris was well "in front of the curve" in sounding this call.
From my personal experience as a lawyer, who has been practicing commercial and banking law for thirty years, the last year of which has been devoted to working in the area of the securitized lending, and in protecting those homeowners having been unfortunate enough to be lured away from their legitimate loans into the horrific "doomed to fail" loan products, I have witnessed the unbelievably rapid progression in how the courts look at the enforceability of these obligations, in the legal system's attempt to catch up with the abuses that securitized lending breeds.
But now the tide is turning, the wind is blowing in the favor of the victimized homeowner. Like the winning football team that is down 21 at halftime, and scores big in the fourth, the homeowner has the momentum, the same wind at his back.
Seize the day! The courts are now behind you.
All you have to do is give them a reason to side with you, and they will. The Boyko decision shook the world of the securitized lenders when all Judge Boyko said in his decision was that these lenders should be required to prove that they own your loan before they have the right to take your home away from you. But therein lies their problem-quite frequently they can't do so.
So securitized lenders beware: Mortgage Wars sounds the alarm, homeowners unite!
Daniel McGokey, Attorney
Posted January 19, 2010
WHEN DO authors need a bulletproof vest?! Well, let's ask former Clinton White House adviser-turned-author, Iris Martin.
Martin, who is also a psychotherapist, says: "I fully expect 'Mortgage Wars' to bring about a sea change in the financial world as homeowners learn they have rights and cannot only immediately halt foreclosure they can turn the table on their lenders, get their mortgages dismissed and own their homes free and clear. With this book, the vultures have come home to roost!"
Liz Smith, The Tribune