Foreclosure Fraud - Fighting Foreclosure Fraud by Sharing the Knowledge


Thursday, January 13, 2011

How the bank scams you

These banks want to negotiate a "new mortgage" though they don't have the papers to prove they own the old one...

Because the homeowner can prove they have ownership, The court issues a requrement to have a hearing to make sure that the party understand­s that they are signing away their home and accepting new agreement, this goes without any "Security Insturment­" or filing with the clerk.

they will take equity upfront, and then good luck getting your home back after 30 years when you think you've paid the right people off.

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