SHOCKING NEWS...LINDA GREEN NAME GAME FRAUD
Do you trust your bank? Certain U.S. Banks hiring Fraud Factories to create fraudulent documents
used to foreclose on American Homeowners. Linda Green, a new foreclosure fraud star has
appeared on thousands of legal documents...but her varying signature is that of numerous
High School kids and employees of fraud shops hired by banks and mortgage companies
in need of fraudulent instruments needed to foreclose.
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IS THERE ANY JUSTICE FOR THE AMERICAN PEOPLE?
We bailed out the banks and the auto manufacturers, but many distraught Americans continue to ask
...What About The People? Unemployment and Foreclosures are rising at alarming rates, Fore-
closure Mill Law Firms are thriving in our economic crisis and scores of our Middle Class citizens
are being forced to move into tent cities; what's wrong with this picture?
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FIGHTING THE FORECLOSURE BATTLE
NY Judge Arthur Schack Keeps Faith In The System
Judge Arthur M. Schack of Brooklyn, N.Y. is making headlines. Schack was spotlighted in two recent articles in the Wall
Street Journal and New York Times. What's all the buzz about Judge Schack? Judge Schack is changing history, and
not afraid to lead the way in court. Schack is amongst the increasing number of precedent setting judges who are
raising questions about the ownership of mortgages in foreclosures. Judge Schack has bravely dismissed 12
foreclosure suits since January 1, 2010 because of Lack Of Standing (unproven ownership).
America the beautiful is being destroyed. There were more than 3.1 Million Foreclosure filings
in 2008.
America's Tent Cities
U.S. Banks Are Socking It To Us With Outrageous Fees.
America Fights To Stop Foreclosure
Fight Back America, Demand They
PRODUCE THE NOTE!
Legal Defenses to Foreclosure
Author: Foreclosure Fight
The following are legal defenses to foreclosure to beat the bank:
1. Truth in Lending Act (TILA) violations enabling rescission. If your loan is a refinance, the bank must have provided you a set of disclosures at the time of closing. If these disclosures are inaccurate, the loan is statutorily rescindable under TILA. For example, in a foreclosure action, the finance charge must have been accurate within $35 or the loan may be rescindable. This means the loan is cancelled and all money paid to the lender is refunded.
2. Truth in Lending Act (TILA) violations enabling damages. If you purchased the property with the loan or used the proceeds to refinance and proper disclosures were not given, then you may be entitled to money damages to offset the foreclosure.
3. Home Ownership and Equity Protection Act (HOEPA). This is a very powerful federal law governing high cost refinance loans. If your loan is under $150,000 or the initial rate was above 8%, you should evaluate your loan for violations of this act. Violations here enable rescission and substantial money damages that can be in excess of the loan’s dollar amount.
4. Failure to Provide a Correct Notice of the Right to Rescind. There is a specific notice that must be provided to refinance customers at closing. If this form is inaccurate or incorrect, the loan is rescindable up to three years after the closing date.
5. Breach of Contract. Many times the lender will do things that are unfair or unjustified before starting the foreclosure process. Just as you have an obligation to pay the mortgage, the lender has a responsibility not to interfere with your ability to do so – like force placing insurance making the payments substantially more expensive than they should have been.
6. Real Estate Settlement Procedures Act. This federal law governs many types of disclosures that lenders must provide at the time of closing, in addition to prohibiting things like kickbacks and unearned fees. It enables damages, and sometimes rescission if the error triggers TILA.
7. Fair Debt Collection Practices Act. This federal law requires servicers or lenders who obtain the mortgage after default follow specific protocol in attempting to collect on the debt. A failure to follow this law enables statutory damages and attorney’s fees.
8. Fair Credit Reporting Act. This federal law governs lenders ability to report information about the mortgage and requires the accurate reporting of negative information. Violations of this act also enables damages and attorney’s fees. Punitive damages might be available under this act.
9. Real party in interest. This is a procedural defense to foreclosure that can be extremely effective at stopping the lender’s ability to foreclose. It essentially questions the ownership of the mortgage and questions whether the foreclosing party is, in fact, the holder of the mortgage and note.
10. Unconscionability. This defense is focused on the events surrounding the creation and closing of the mortgage loan. A violation here gives the court great leeway in deciding whether the mortgage should be voided or changed.
11. Failure to state a claim upon which relief can be granted. This general defense attacks the lender’s ability to foreclose and is can be used in conjunction with one of the other foreclosure defenses.
12. Failure to establish conditions precedent. Want to get a foreclosure action thrown out of court right away? Use this defense that attacks the lender’s pre-foreclosure processes.
13. Failure to comply with FHA pre-foreclosure requirements. FHA requires every lender to mail a booklet called “How to Avoid Foreclosure” and set up a face-to-face meeting with the borrower before foreclosing (in most cases). If the lender does not take these steps, then it cannot foreclose.
Article Source: http://www.articlesbase.com/national,-state,-local-articles/legal-defenses-to-foreclosure-561043.html
About the Author:
The author of 23 Legal Defenses to Foreclosure has identified over 50 legal defenses to foreclosure (23 with detailed explanations), which are listed in his book. For more information about each of the defenses above, consider the book, 23 Legal Defenses to Foreclosure, by
clicking here. The book includes checklists and easy-to-read chapters that show you how to identify these errors in your own loan.
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2009 Worst Economic Collapse Ever
