Do You Need Foreclosure Help?
Facing a home foreclosure is scary and humiliating. This fear can cause immobility to set in and no action ever taken to stop foreclosure. Action is a must if the home is to be saved from bank foreclosure. Knowledge is a must to stop foreclosure.
There are many tips and techniques available to help to stop foreclosure. But there is one technique that is of utmost importance to every homeowner.
Now days there is a thing so rampant even the lending institutions are guilty of it. Ready almost any newspaper and you will read of banks going broke and bankers going to jail for committing a little thing called Fraud.
Fraud against who? You, the trusting borrower who believed there are laws to protect you from being taken advantage of. There are, if you can find them and you know someone is defrauding in you. And then you need to prove it.
The records speaks for it self. Banks cannot be trusted. So here are a few ideas to get you to thinking about what may be going on in your own mortgage situation and an angle you may be able to pursue to mortgage foreclosure on your home.
Remember, fraud vitiates the most solemn of agreements.
Will any of these possibilities fall into the area of fraud? Will any of them help you? You be the judge.
For a contract to be changed it takes the agreement of all parties concerned. That includes the borrower. If the contract has been sold, did the borrower agree to the change of a new mortgagee? If he did not, there may be no contract. Can the contract be reassigned without the borrower’s agreement? Therefore, the new contract holder may not have authority or standing to initiate bank foreclosure.
Is it legal for one bank to sell a note, then collect the payments and pass it on? Are they committing a fraud by collecting on a debt already paid?
Is it legal for banks to lend debt or credit? Where in all the laws of this land has it been decreed debt can be loaned? Is not credit debt? Credit is used as a term of being able to borrow. But it is also used as term of debt. When a loan is made what is loaned? Debt is loaned. Your credit (debt) limit is… Nothing of intrinsic value has changed hands in this kind of loan process.
Money was created by moving one set of figures from one column to another. Even if they hand the borrower a stack of bills with the labels of Federal Reserve Note printed on the top of each one, the borrower has only received a pile of debt. Note equals debt.
If you are facing the mortgage foreclosure process and you need foreclosure help, arm yourself with all the knowledge you can, then take action.
After you have done all that, if you want to have some fun, take this challenge in any a home foreclosure and you can watch the cockroaches fly for the dark corners of the universe.
For more information about how to stop bank foreclosures go this site. http://www.stop-mortgage-foreclosure-process.com/
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