Attorney Carl Person explains why homeowners in every state should consider suing banks for cancellation of mortgage, to obtain a reasonable loan modification agreement, for damages caused by predatory lending practices or fraud on the court (based on filing of false affidavits, filing of actions where the bank did not own the note or possess the original note), and for punitive damages. Person explains why the banks are more apt to settle an action by providing a reasonable loan modification agreement, which would make the homeowner's cost of lawsuit almost insignificant in comparison to the value of successful lawsuit