How To Protect Yourself From Unscrupulous Mortgage Lenders

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Teaneck, NJ (PRWEB) July 16, 2008 -- National Mortgage Expert, Joe Gross and host of America's #1 Mortgage Talk Show, "Your Home - Your Future" on 1160 AM WVNJ, will be interviewing on Thursday, July 17, 2008 at 2:00 PM Assemblyman Darryl Towns who sponsored the recent New York Law to prevent New York residents from losing their homes to foreclosure. The radio show, "Your Home - Your Future", is all about helping listeners get the tools and information they need to protect their home today and the future.

New York State Assemblyman Darryl Towns the Chair of the New York State Assembly Banking Committee will breakdown all the aspects and facts each consumer need to know of how to protect their most valuable asset, their home. He has worked very hard to get this Bill passed and now it's up to each consumer to understand it and do what's necessary to save their house from foreclosure. He will share the information what every consumer needs to know on "How To Protect Yourself From Unscrupulous Mortgage Lenders".

"What we found were a large number of questionable lending practices such as interest-only mortgages made with little or no income verification. While these schemes have helped drive the home-ownership rate in the United States to a record 70 percent, they have also placed millions of Americans, particularly in low-income communities and communities of color, at risk for foreclosure," Assemblyman Towns says.

New York has been suffering from a 25% increase in foreclosures and over 50,000 people will be foreclosed on this year. As a result, Assemblyman Towns took the initiative to bring forward this Bill so all New York citizens can, and will, be protected.

"It is very important in this Mortgage Market Collapse to provide consumers with all the information they need so they can make an informed decision," says Joe Gross, host of "Your Home - Your Future".

"This is a very important time for all people that own a home, or those that want to become homeowners, to do the proper research and get into a loan that will work for them today and the future. With the Mortgage Market Collapse lenders have been going out of business and constantly changing their guidelines so every consumer needs to be updated and kept informed as to what's happening," Gross says.

Joe just finished writing his book titled, "How the Greed of Wall Street, and your Mortgage Lender are destroying America's Credit." If you own a home, you must have this book. In the book he discloses the secrets every consumer must know to protect themselves. This book will be released very soon and will hopefully benefit all those that are suffering from this Mortgage Market Collapse and are in danger of losing their home.

Joe will offer on his radio show an opportunity for those that want to get the Book before its release, so tune in in Thursday, July 17 at 2:00 PM on WVNJ 1160 AM or at www.saveyournewyorkhome.com.

Joe is available for interviews and welcomes your mortgage-related questions. He can be reached at 800-653-2684 or at http://www.saveyournewyorkhome.com.

Media Contact:

Please contact Theresa Consoli with any questions or interview requests at 800-653-2684

Fax: 201-837-1128

theresa.consoli @ qualifiedmortgage.com

Qualified Mortgage Inc.

1086 Teaneck Road

Teaneck, NJ 07666

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