WRONGFUL FORECLOSURE

Do you know who owns your loan? Was your loan sold to a securitization trust? Is your mortgage held by MERS as nominee for the original lender? Did the person signing the assignment of your mortgage have legal authority to sign? Were the signatures truly notarized? Was your home sold as a result of a fraudulent foreclosure action?

You can STOP foreclosure by challenging the bank’s right to foreclose and now that everyone knows about lender fraud, courts are much more sympathetic towards homeowners. Even if your home has already been sold, you may be able to reverse the sale and repossess your home or alternatively sue for damages. If you are still in your home, you should do everything in your power to stay there for as long as possible and ideally without paying anything more than you already have. There is no shame in using the legal system to help your family and to save as much money as you can. Even if you end up losing the fight, you can walk away with a nice nest egg.

Every homeowner should challenge the foreclosure process because for the first time the odds are now in your favor. It is undisputed that the majority of foreclosures taking place over the past three years have been fraudulent and illegal. This means you can go back to court and move to reopen the case. Under some circumstances the sale may be declared null and void. It is certainly worth a try. Chances are the lender who is trying to foreclose on your mortgage is not the legal owner of your mortgage and in all probability your loan has already been paid off by an insurance policy. The investment banks that setup the securitization trusts have been stealing money from both sides of the transaction. The investors are being defrauded with accounting tricks, while borrowers are being forced out of their homes illegally. The only party profiting from this massive fraud is the middleman who is pretending to be your lender.