1. Will the HARP process be anything like the disastrous HAMP?
2. What happens if there is fraud within my current loan documents? Will I waive any rights?
3. I don’t want my documents Robo-Signed. Will Mortgage Electronic Registration System Inc. (MERS) be named in my refi loan package?
4. If so, What will happen if I reject MERS? Will I no longer be eligable for HARP?
5. If I am forced to have MERS on my loan, will it be disclosed that both Fannie Mae and Freddie Mac along with most mortgage lenders are shareholders of MERS?
6. Will it be disclosed to me who is the Owner & Holder of my note, Including the name of the trust that it’s in, if there is any?
I am not an attorney but I highly recommend you seek the advice of an attorney who has been fighting for homeowners before signing into a refi.
Do The Math. If you’re 50-90% Underwater, is a savings of $200.00 off your mortgage really going to help you?
HARP is heading towards a failure and to cater to the wealthy only. Has anything worked for you? NO.
