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Foreclosure help: How to fight foreclosure
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Foreclosure help is available (AP Photo/Paul Sakuma)
A simple, yet highly unusual form of foreclosure help is enabling hundreds of people to keep their homes. Taking advantage of the rampant greed and sloppiness of mortgage brokers, this method gives homeowners a tool to fight foreclosure with an important legal technicality in the form of three simple words.
The three words that are driving fear into the hearts of banks and mortgage brokers: Produce the note. With all the ways mortgages have been repackaged, transferred, resold, and more, the actual promissory note making the mortgage valid and legal has often gotten lost in the shuffle between banks and brokers.
As reported in an article on the website of KGO, San Francisco's ABC affiliate, a federal judge brought the foreclosure process to a stop in a recent case after the couple facing foreclosure invoked this three-word strategy. The attorney for the couple being foreclosed, Chris Hoyer, stated, "We've never seen a company produce the original note yet." A CNN report available below is not quite so optimistic, yet claims that the mortgage note has been lost in nearly half of all cases.
Here's the informative, five-minute CNN video clip with ideas on how to fight foreclosure.
Amongst all the greed and shady transactions in the housing sector, sloppy paperwork could be the saving grace for those facing foreclosure. If you or someone you know is seeking foreclosure help or already fighting foreclosure, you can find excellent ideas and step-by-step information on how to use this strategy at the Consumer Warning Network's helpful webpage available here.
The box immediately below provides several ideas on what you can do to educate yourself on the shady banking practices that led to all of this. We also invite you to comment below and let us know what you think. Who do you think is really behind the whole housing and economic crises?
What you can do:
- Inform your media and political representatives of this important information. To contact those close to you, click here. Urge them to place help to homeowners above help to the bankers and mortgage brokers who caused the housing bubble.
- Read concise summaries of revealing major media reports on banking manipulations and the huge amounts of money unaccounted for in the banking bailout available here.
- Explore eye-opening information how the Federal Reserve which prints our money is neither truly federal nor a full reserve at this link.
- Learn more about the hidden knowledge of how money is made and how bankers can legally manipulate your debt in this powerful lesson from the free Insight Course.
- Spread this news to your friends and colleagues, and bookmark this article on key news websites using the "Share This" icon just below the title of this article, so that we can fill the role at which the major media is sadly failing. Together, we can make a difference.
Fred Burks served as personal language interpreter to Clinton, Bush, Cheney, Gore, and other top dignitaries in secret meetings. As part of an international network of researchers and news analysts, Fred obtains and disseminates key, reliable information about powerful, yet little-known forces which shape our world. For more, see articles and links in the right column of this page.
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