In the news is the revelation that banks are halting foreclosures because they are having problems with proper documents being filed in order to foreclose on a property correctly and legally.
In reality the documentation on most of these loans is impossible to track so instead----- the present lender " promised" that everything was in order. That is a legal no-no but 90% of foreclosures go unchallenged , meaning the borrower does not answer or show up in court . That is an automatic win for the Bank .
Why is documentation impossible to track ? Because Banks were loosely guarded from 2000-2007 thanks to a bill sponsored by
Former Rep Phil Gramm from Texas in 2000 . Banks were allowed to relax existing laws and combine and convert and invest and wrap and sell to Wall Street unchecked and lots of people made a lot of money. NOW Mr Gramm is President of USB BANK . Sound all to familiar ?
If you would like a forensic audit of your loan documents , information can be found so that you can have leverage against the bank
Contact me at 239-298-2392 or e mail LLDLLD@aol.com
or for more info go to www.freeforeclosure411.net
