Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“I Haven’t Made a Mortgage Payment for Three Years, Can You Help Me Get a New Mortgage?”

I’m sorry, even if I could, I wouldn’t. I actually got this call today. My first reaction was to just hang up, but decided to find out some additional information.

This guy lost his overtime and started falling behind on this credit card debts, $45,000 worth. Eventually, stopped making the payments on the cards all together, $1,900 per month.

OK, if you are not making payments on credit cards, then you must be able to make your mortgage payment without any difficulty. I did that for a while, but just stopped. I couldn’t believe, he actually told me that it just felt good not paying the mortgage either. WOW

So, I asked my final question, how much do you have available as a down payment? I couldn't believe he said, “About $5,000”.

I had to be a little careful what I told him, as he was referred by an attorney, that sends me business all the time. Quite frankly, I just didn’t give a damn.

I told him, he didn’t deserve to ever own a home. Thanked him for calling and hung up.

The sooner we stamp out this kind of culture of handouts in this country, the better. The sooner we complete the backlog of foreclosures, the better.

New Crop of Foreclosures Is Coming

By: The NicheReport



(CNBC) — While fewer Americans are falling behind on their mortgage payments, the huge backlog of already delinquent mortgages is finally making its way through the banking system to foreclosure.

Total foreclosure activity rose in the first half of this year from the previous six months, according to online foreclosure sale site RealtyTrac, driven by a jump in new foreclosure actions by lenders.

“Those foreclosure starts are welcome news for prospective buyers and real estate brokers in many local markets where a shortage of aggressively priced inventory has been holding up sales activity. Markets with increasing foreclosure starts will likely see more distressed inventory for sale in the form of short sales and bank-owned properties in the second half of the year,” said Brandon Moore, CEO of RealtyTrac.

More than half of the 212 metropolitan areas RealtyTrac surveys saw increases in foreclosure starts, and of the top ten foreclosure rates in the nation, five of them were in California. Stockton still holds the dubious distinction of the nation’s highest metro foreclosure rate, at more than three times the national average. Despite their high ranking, however, all of the California metros in the top ten actually saw decreasing foreclosure activity overall. In fact, Atlanta was the only metro area with a top ten foreclosure rate to see increasing foreclosure activity in the first half of this year.

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.


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Richard and Beth Witt
Long Island Cash Home Buyer - Massapequa, NY
Long Island Cash Home Buyer 516-330-6940

Hi Joe... Can you imagine being that irresponsible? It just blows my mind that people can actually do stuff like this... but they can and more and more are...  I truly believe this handout culture is to blame and I agree with you (no surprise there) that the sooner we put a stop to it the better...

"Who is John Galt?"

Jul 29, 2012 09:49 PM #1
Frank Laisch
AmTrust Title Insurance Company - Chicago, IL
"The Insurance Guy"

Joe, It's amazing what actually comes out of peoples mouths sometimes...

Jul 29, 2012 10:02 PM #2
Randy Mitchelson, APR
iPartnerMedia.com #goipm & Homeland Heroes Home Loans - Bonita Springs, FL
First Impressions are made at First Click

His house hasn't been seized yet after 3 years of non-payment? Is the court that back-logged with foreclosure cases in your area?

Jul 29, 2012 10:58 PM #3
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Joe, I have heard that type of scenario before and it just hurts me to see that people have such disregard for the financial obligations they agree to.

Jul 30, 2012 12:37 AM #4
Linda Urbick
RealtyOne Group - San Ramon, CA
Selling San Ramon Valley - 925-786-5132

I don't understand why an attorney would refer this client to you. His credit must be a mess, how can he expect to buy anything let alone a house.

Jul 30, 2012 12:48 PM #5

This guy obviously took a shalacking like the majority of folks in this country and others around the world from the financial crisis. So he stopped making payments he could not afford on properties that were worth probably less than half of their original value. So he went into survival mode. Kept his family fed. Maybe put a kid through a community college or not. Maybe had a sick wife or not. The point being you pompous fucks don't know his scenario. But one thing that I can gaurentee by our boy joe the ( mortgage and lending guy's ) attitude is that he was one of the money grubbing sharks that was tossing these ticking time bombs of mortgages into the financial system so he could line his pockets and then turn around and talk shit on those who got beat in this whole deal. So Linda and Debbie don't drink Joe's kool aid. He's a piece of shit!!!!

Oct 10, 2014 02:02 PM #6
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