Friday, March 22, 2013

MERS Mortgages Pervade Mortgage Industry With Questionable Foreclosure

MERS Mortgages Pervade Mortgage Industry With Questionable Foreclosure

Borrowers don’t know who they need to negotiate with for a modification, which is illegal, because the modifier does not own or hold the mortgage and note.

Bank Mortgage ForeclosureHousing analysts reveal home prices and construction starts, but the fact is that the legal wrangling over faulty foreclosures and broken processes never actually ended: Questionable legal and bank fees are levied on troubled borrowers. A foreclosure may lead to class actions filed by borrowers, who contend they were charged improper bank fees, court costs and legal-related fees in their pre-foreclosure and foreclosure.
It often occurs years later, during the discovery process when the bank is sued, does it emerge that the bank servicer or Trustee has no ownership in the underlying property as claimed by these bank scammers. The collection of fees is called improper bank and legal charges or advance fees and is rampant in foreclosures and the un-knowledgeable judges are letting the banks get away with Highway Robbery.
Why should we be moved to care about bank mortgage foreclosure and servicing fraud, since it only impacts so-called “deadbeats” who bought too much home. Right? Well, think again.
When someone without a mortgage can get a foreclosure notice; when a bank without an interest in a home can generate fees off a property in foreclosure; when a sampling of 100 bank loans finds that the actual monthly payment cannot be substantiated on 97 of them; or when a family’s mortgage payment misplaced by their bank leads to a foreclosure two years down the road, you can understand that these problems are in no way limited to those “deadbeats.” In fact, they’re not limited to those in foreclosure.
Everyone with a mortgage – everyone with a home or commercial property – is a potential target for bank mortgage fraud and abuse, because the judges are letting the banks get away with foreclosing illegally and unlawfully.
The culprit is MERS, the shadowy, secret, electronic database set up by Freddie Mac and Fannie Mae years ago to unlawfully record the lender and banks’ mortgage transfers, and to evade county government transfer fees under all States statutes. This greased the skids for securitization, where mortgages and notes get traded many times, in some cases, before landing in a pooled trust and sold again and again as bond or stock certificates to investors.
The bank cannot track their interest, because MERS doesn’t work in its only job description, to track and record the transfers. In realty, MERS has been found to be an illegal recording entity in courts.
MERS doesn’t so much track mortgage transfers as much as it pretends to track them. The so called interested parties do not own or hold the mortgage and note under Federal law, but pretend to have legally completed the transfers, recorded the assignments, and made true sales with receipts. This makes it easier to charge additional fees on a borrower, who has no idea who actually owns his or her loan.
MERS is DELIBERATELY opaque. The less the borrower knows, the more they can get fleeced and robbed.
Using MERS resists mortgage and foreclosure accountability. Borrowers don’t know who they need to negotiate with for a modification, which is illegal, because the modifier does not own or hold the mortgage and note.
If fraud is discovered down the line, banks can finger-point at the other actors in the broken chain of ownership (trustee, servicer, note holder, certificate holders, investor, lender, etc.). So not only can the banks claim extra fees, they can find a convenient excuse to avoid blame if they ever get revealed as mortgage frauds.
It’s a nice little system for the banks. For the American homeowner, it is a negative credit rating, emotional, and life disaster!

David Young, The Mortgage Lien Remover, is a consumer advocate that focuses on teaching you how to get a mortgage lien release to win against the banks. This process gives you the power to take control of your finance by eliminating your mortgage. You could get your questionable mortgage lien removed for a free and clear home or commercial property by visiting www.1RealEstateHomes.com.
Read how the mortgage lenders are cheating you and breaking the law. Remember, you have already pre-paid for your home at your closing by signing the promissory note and giving the lender the loan first, so why would you want to pay again with interest? Take Action Today.

Monday, March 11, 2013

Bank Mortgage Fraud - Fraudulent practices in bank foreclosures exposed

Fraudulent bank fraud mortgage removal is a foreclosure process that banks use every day to evict uninformed people from their homes and commercial properties.

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 Homeowners 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 residential or commercial mortgaged property and find the answers and solution to your mortgage problems at www.1RealEstateHomes.com now.

Bank Fraud Commercial Mortgage Removal By Foreclosure

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.

Commercial Mortgage Bank 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.

Sunday, March 3, 2013

Home Mortgage Rates - Homeowners best thing to do?


Whats the best thing to do about your Mortgage? http://www.Cancel1Mortgage.info has the only solution to your mortgage and foreclosure problems! We don't just postpone your foreclosure. We SOLVE YOUR MORTGAGE FORECLOSURE PROBLEMS!