Oceanside, CA (PRWEB) October 20, 2008
Mortgage Fraud is at the root of the present economic crisis. Worldwide Stage Systems has filed for patent protection on a technique that will eventually restore the self-assurance in mortgage backed securities to a viable business. These proprietary processes get rid of the significant frauds noticed in today’s actual estate market spot. Some of the varieties of fraud include Straw getting, Identity Theft, Seller kickbacks, Multiple property purchases within a month, Over inflated pricing, False Appraisals, Predatory Lending, Disclosure Violations, Overstated or false earnings and assets. A main violation is borrowers becoming told a single factor and but the paperwork says otherwise especially about Adjustments, Interest rates and closing statements. Investigating and prosecuting these kinds of crimes are extremely time consuming, pricey and challenging because they are really complicated. At present there is no solution that prevents the crime from taking place rather all options are geared towards soon after the fact which is not acceptable from an investment standpoint. The truth that banks are enabling borrowers to renegotiate the loans from investors by way of brief sale or loan modification gives no point in the investment thereby the confidence is lost in the system and the investment prospect becomes pointless.

Worldwide Stage Systems proposes modify to policy and procedure on the way loans are authorized and declined. Throwing cash on a flawed system will ultimately serve to fuel the fire unless change in the program is introduced and implemented. Worldwide Stage Systems has challenged the very best in mortgage to see about our system with no achievement. The end result is a program that is each quite lucrative while making a actual estate market that is sincere. The method enables investors to see the actual monetary image of a possible borrower and make a judgment upon real info. The system presents a way to make lending far more obtainable to everyone and to reset house values to a value that performs within that economic location. The filed patent forces sellers, mortgage brokers, lenders and the borrower(s) to comply with the recommendations and guidelines of real estate. The proposed program rinses the Genuine Estate system from dishonest Real Estate Agents, Loan Officers, Mortgage Brokers, Account Executives, Bank Underwriters and a lot more. Since the technique serves to reveal correct transparency, the suggestions set forth by lending institutions may possibly change or certain danger may possibly need to have to be disclosed. The borrower ultimately modifications or omits certain information to meet these suggestions which is a crime for home. Nonetheless in most instances the Mortgage Broker’s Loan Officer understands these recommendations properly and may change details to get the loan passed with no the borrower ever being aware of. Although the process could hold some people from acquiring the home of their dreams, it is more gauged towards the individuals who are in it for profit or crimes for profit schemes.

Global Stage Systems hopes to pilot the plan as early as 1st quarter of 2009. Participants could include the Division of True Estate, FBI, Local and State Officials and other Government Agencies. 1 of the biggest questions will be whether or not this system will be run by the Private Sector or Government. Worldwide Stage Systems believes that a rethinking of the bailout strategy is necessary when factoring our patented process into the monetary system.

International Stage Systems develops advanced processes and technologies that address actual-planet problems facing the planet today.

http://www.globalstagesystems.com

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