by Danny Hammond
In starting this blog it is my intention to inform as many people as possible of the enormous damage that the mortgage and securities industry has done to this country's economy using a RICO styled Ponzi Scheme which will prove to be the largest such scam that the world will ever know.
Some names you all know well, Wells Fargo Bank; GMAC; JpMorgan Chase; Bank of America; the incredibly bankrupt GSEs Fannie Mae and Freddie Mac and their Lord and Overseer Federal Housing Finance Agency created by the HERA Act of 2008, and a few hundred names you may or may not have heard of, and of course Mortgage Electronic Registration System, Inc. or MERS are using the same audacious plan over and over and over again claiming to have the right to collect, declare default, and foreclose. But, nearly 100% of the time they have not paid any money for your loan and therefore have no rights towards your home or your loan at all.
I can never write about all of the topics, issues, and Borrower rights in time to help those in trouble today, so I am going to bullet point, in no particular order, the things that all of us should be outraged over. I will get to them all in this blog as soon as I can:
******If you would like to contribute your own personal outrage, then write it into the Mortgage Fraud OUTRAGE Form Click Here Let me know if you want your name credited next to your statement.*****
Outrage: That most Borrowers do not understand which of the two methods of foreclosure are used in their state. 26 states allow the Lenders to foreclose non-judicially, which means that no judge, and no court even knows you are being foreclosed. Your right to be heard under the 5th Amendment to the Constitution is ignored. You are getting no help, because none is available. In the other 24 states the "Lender" must take you to court and have your case tried in court. This is much better, but if you don't know the rules and procedures, the "Lender" can still steal your house to get back the money they never gave you. Federal Government is looking the other way to help the Imposter Lenders.
Outrage: You signed a Promissory Note and a Security Instrument pledging to allow the Imposter Lender, or any party they sell your loan to, to take your house and sell it and use the money to pay themselves back the money they have loaned you. But, they did not loan you any money, so they have none to recover. That sounds crazy and it kind of is. But, they have done this crazy scheme on more than on 6,000,000 homes. They violated the terms of your loan documents before you ever left the closing office. Your Imposter-Lender never had the rights to foreclose on you, or to even collect money from you. These are serious crimes, but even though in the last year or so, they are paying huge fines to the Federal Government none of them have gone to jail. None of the fine money goes to the millions who have lost their house illegally. Read More of Outrage! Blog Click Here
VISIT OUR FORECLOSURE SOLUTIONS GROUP WEBSITE AT: www.fighting-foreclosure.com
