Bank Fraud Commercial Mortgage Removal By Foreclosure

Bank fraud mortgage foreclosure is a confusing area of fraud for commercial property owners to understand while banking institutions perpetrate the crime of non-disclosure and fraud.

There are quite a few different types of this commercial property thievery and monetary deception that are happening now, and a number of different tricks of this sort from banks that are listed below. The decent business people in this bank foreclosure fraud area have to be vigilant against the sort of crime that occurs every day.

Fraudulent bank fraud mortgage removal is a foreclosure process that banks use every day to evict uninformed people from their commercial properties. This foreclosure process is flawed or deeply flawed in most cases, because the foreclosing bank or entity, such as the trustee, do not own or hold the original promissory note (check) and paper mortgage contract that must stay together by law and the mortgage contract the borrower signed at closing..

In some of the mortgage fraud cases, the banks will utilize paperwork that hasn't been cleared by their legal department. They are flying by the seat of their pants. Banks are processing a large amount of paperwork, and they are not certifying the truth of the mortgages for people. In some other cases, the people in the house will stop paying or pay a reduced amount of the mortgage. When this happens, the banks will remove the people or take away their title and their property fraudulently through illegal foreclosure. This can be very scary for people, and they have very little say in the matter, because they do not know how to fight the banks in court and win.

Fraudulent mortgage removal can also refer to a process that is a little bit like the short sale. Short sales are becoming more popular now that house prices are still falling in most areas of the country. The short sale is when the mortgage company allows the mortgage borrower to sell their house at a reduced price. The banks may not punish the short sale seller, and the house will go back on the market usually fairly fast and the bank will get someone in the house or commercial property that will pay. This looks very suspicious to the outside observer, but if both the property owner and the bank agree, it can be very beneficial. The owner will still have 7 years of bad credit as if your property was actually foreclosed on.

Another twist on fraudulent mortgage removal is when the mortgage title servicing companies dabble in fraudulent practices as third party debt collectors under federal law. This type of fraud is quite deceptive, and can result in properties being outrageously stolen by these seeming tricksters. One person will be out on the street before being able to consult with a lawyer to prevent this from happening. Different entities will end up with the title to the properties, due to this type of crime.

Fraudulent mortgage removal sometimes occurs when people arrange to have their mortgages removed fraudulently with scam pros. Perhaps they are hacking into the bank's secure computer, or otherwise deceiving the property owner by pretending to be able to reduce the mortgage.

Banks, title companies, property owners, government agencies, and communities stand to lose when mortgage crimes are committed. When the whole environment is riddled with hard to figure out bank jargon and properties still plummeting in value, the hardworking property owners can be very confused.

David Young, The Mortgage Lien Remover, is a consumer advocate that focuses on teaching you how to get a mortgage lien released. Want more Bank Security Fraud Securitization In Illegal Mortgage Foreclosure information? There is a website that helps Commercial property owners to get this done so you may be able to have a free and clear property no matter if you are facing foreclosure, underwater in the value of your property, or just have a commercial mortgaged property and find the answers and solution to your mortgage problems at www.1RealEstateHomes.com now.