Mississippi-Foreclosure CrockPot abrewing!!!
New changes in Mississippi state laws regarding Mortgage Companys are causing such a stir lately that many National Underwriters are either shutting down MS Offices or NOT funding new deals!
It seems that the New law proposed in the legislature forces Lenders to include Apparaisals and Title costs into their overall charges!
And if those exceed the State's Usury laws then the Mortgage Company/Bank gets FINED BIG TIME!
Talk about turning the Tables on the Big Guys!
Huh???
Well Utimately it's ALWAYS THE LITTLE GUYS (You & I) that PAY BIG TIME to help out those POOR Mortgage Lenders!!!
You can read more on these new Lending Laws in my upcoming Article right here on TCI!
(Other State included/Not just in MS+ GA)
Try the SEARCH field (above) to view my previous submissions!
Much Success!
DERRICK ALI
[addsig]
Derrick Ali,
Your info helps us all keep up to date with what the "big money" folks are doing to us. Looking forward to your article.
Thank goodness I live in Nevada. We have a carry over from the "Mob Shylock Days"
No usuary laws in Nevada!
Youse guy's see what I mean? For getta bout it.
John $Cash$ Locke