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Regardless of how reasonable a mortgage product debtors may have been offered at the time of closing on a house or refinancing, things can quickly go from bad to worse if a predatory loan servicing company is involved.

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These corporations are contracted by large financial investment banks to receive payments on loans and keep track of all of the costs, as well as proceed with a foreclosure if need be. However, their first task is to maximize the profit of every mortgage they administer, which may lead to instances of corruption and fraud.

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The servicing company eats up the equity by imposing miscellaneous fees, and then turns a profit when the house is sold on the market after a foreclosure auction. This results in higher, much quicker cash flow for the investors than if the mortgage was administered without abuse and paid off fifteen or thirty years.

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