Bank of America announces it will halt all foreclosures and foreclosure sales beginning Saturday, October 9, 2010, in all 50 states This is big. (See story in The Huffington Post) Bank of America announces it will halt all foreclosures and foreclosure sales beginning Saturday, October 9, 2010, in all 50 states This is big. (See story in The Huffington Post)
Just the other day they announced that they were halting their actions just in the 23 states where they must go to court in order to complete a foreclosure. These states are referred to as judicial foreclosure states. The other states, referred to as non judicial foreclosure states do not require that the lenders or banks go to court to foreclose. They simply place a notice of sale on the door of the home indicating that the home will be sold at auction on a certain date.
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Editor's Note: This article first appeared in GoldmanSachs666.com
Foreclosure Fraud Assault - A Cry For Help
ReplyDeleteby Alan Gray
http://newsblaze.com/story/20101116120222nnnn.nb/topstory.html
. ..foreclosure that entails savagery, fraud, corruption, greed, intrusion, peril, trauma, desolation, shocking deviation from established law and court rules, procedures, and reprisals for whistleblowing and for not relinquishing one's home to sham foreclosure is a riveting story worth being told.
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Following years of prompt mortgage payments, upon falling behind, the homeowner (the victim) contacted the mortgage "servicer," Wells Fargo Mortgage to discuss options. Wells Fargo insisted upon the victim signing "loan modification" documents and sending in a money order to Wells Fargo in order to keep the home.
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Wells Fargo turned over the modified loan debt to a foreclosure mill debt collection lawyer who used a defunct lender's identity to foreclose, as well as demand unfair fees. At some point after foreclosure had been filed, the victim discovered that the modification consisted of a contract between the homeowner and a fictitious lender.
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Along various stages of foreclosing on the victim's home, lawyers, sheriffs and judges enabled collection of the debt that was created by Wells Fargo's fraudulent loan modification.
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. . . the manner in which the victim believes the home was acquired for the foreclosure lawyer through a straw buyer at the collection lawyer's fake auction. . .