| Now days, almost any newspaper on any given day | | | | Remember, fraud vitiates the most solemn of |
| will be carrying a story of some bank's closing, going | | | | agreements. |
| bankrupt and bankers somewhere being indicted on | | | | Will any of these possibilities fall into the area of fraud? |
| bank fraud charges of some kind. There is a reason | | | | Will any of them help you? You be the judge. |
| why so many folks are facing bank foreclosures and it | | | | For a contract to be changed it takes the agreement |
| does not all stem from folks not being able to make | | | | of all parties concerned. That includes the borrower. If |
| their mortgage payments. | | | | the contract has been sold, did the borrower agree to |
| In many instances these home foreclosures are also | | | | the change of a new mortgagee? If he did not, there |
| accompanied with a thing called fraud. | | | | may be no contract. Can the contract be reassigned |
| Fraud against who? You, the trusting borrower who | | | | without the borrower's agreement? Therefore, the |
| believed there are laws to protect you from being | | | | new contract holder may not have authority or |
| taken advantage of. There are, if you can find them | | | | standing to initiate bank foreclosure. |
| and you know you are victim of fraud. And then you | | | | Is it legal for one bank to sell a note, then collect the |
| need to prove it. | | | | payments and pass it on? Are they committing a |
| The records speaks for it self. Banks cannot be | | | | fraud by collecting on a debt already paid? |
| trusted. So here are a few ideas to get you to thinking | | | | Is it legal for banks to lend debt or credit? Where in all |
| about what may be going on in your own mortgage | | | | the laws of this land has it been decreed debt can be |
| situation and an angle you may be able to pursue to | | | | loaned? Is not credit debt? Credit is used as a term of |
| stop a foreclosure auction from happening to your | | | | being able to borrow. But it is also used as term of |
| family home. | | | | debt. When a loan is made what is loaned? Debt is |
| If the banks were up front and doing business in an | | | | loaned. Your credit (debt) limit is... Nothing of intrinsic |
| honest and reputable way, many foreclosure auctions | | | | value has changed hands in this kind of loan process. |
| could be avoided. But alas, such is not the case when | | | | Money was created by moving one set of figures |
| greed gets into the picture. However, all is not lost to | | | | from one column to another. Even if they hand the |
| the homeowner. | | | | borrower a stack of bills with the labels of Federal |
| Facing a home foreclosure is scary and humiliating. | | | | Reserve Note printed on the top of each one, the |
| This fear can case the home owner to freeze up and | | | | borrower has only received a pile of debt. Note equals |
| hope something good will happen, some miracle will | | | | debt. |
| save their home. Now is the time for action to be | | | | If you are facing the mortgage foreclosure process |
| taken, not hoping for a miracle. The homeowners | | | | and you need foreclosure help, arm yourself with all |
| "doing" is the miracle. Now is the time to mount a | | | | the knowledge you can, then take action. |
| massive offensive action against the bank to stop | | | | After you have done all that, if you want to have |
| foreclosure. | | | | some fun, take this challenge in any bank foreclosure |
| There are many tips and techniques available to help | | | | and you can watch the cockroaches fly for the dark |
| to stop foreclosure. But there is one fact that is of | | | | corners of the universe. |
| utmost importance to every homeowner. | | | | |