These are essentially mortgages that the banks knew they did not own, but were willing to break the law in order to put homeowners out on the streets to satisfy their insatiable greed for even more money.

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Banks Found Guilty Of Foreclosure
Fraud
Home & Family > Home Security | By: sunil Tbs (05/21/13)
As A Result Of the Recent Investigation Launched By The Florida Attorney
General's Office, Bank Of America, GMAC Bank, JP Morgan Chase, and
others, have All Been Found Guilty Of Foreclosure Fraud.
Depositions By The Banks Employees Revealed That The Banks Have Been
Forging, Falsifying, And Fabricating Documents In Order To Foreclose On
Millions Of Homes Owned By Unsuspecting American Homeowners.
Additionally, Wells Fargo Bank Has Admitted To 55,000 Counts Of Perjury In
Submitting False Affidavits To The Courts In Its efforts to fraudulently
Foreclose on homeowners.
To add to this disgusting, and arrogant display of lawlessness by the banks,
nothing has been done by The Justice Department, or any other Federal
Officials in the way of civil or criminal charges against the banks, until now.
Recently, The Arizona And Nevada Attorney Generals have filed a civil
lawsuit against Bank Of America for fraud against homeowners seeking loan
modification, and hopefully there will be more lawsuits on the way, as the
Obama Administration has also launched a Financial Fraud Enforcement
Task Force to investigate and prosecute financial crimes in the lending and
financial markets. As bank fraud has already proved to be pervasive, lets
hope that this task force has the political will and integrity to prosecute the
banks, and the corrupt attorneys who represent them.
These are essentially mortgages that the banks knew they did not own, but
were willing to break the law in order to put homeowners out on the streets
to satisfy their insatiable greed for even more money.
In spite of clear and convincing documented evidence, in the forms of
deposition testimony by bank employees, the banks have been carrying on
as if nothing ever happened, and federal officials have seemingly given
them the green light to continue to break the law with impunity.
Until such time as The Department Of Justice, The SEC, And The Attorney
Generals of each state decide to take action against these criminal banks,
homeowners have no choice but to implement their own available legal
strategies to fight to save their homes.
Because most of these foreclosure cases involve the banks inability to
produce the promissory note in order to prove they have any legal rights to
foreclosure, homeowners have several legal strategies available to them, in
order to stop the banks from fraudulently foreclosing on their homes.
One of the more popular strategies employed of late is the "Produce The
Note" Strategy. As a large percentage of mortgage loans were securitized,
and sold to investors all over the world, it has been difficult, if not
impossible for the banks to produce the required documents that would
establish their right to foreclosure, as those documents have been lost in
the Wall Street ether. This is why the banks have attempted to forge and
falsify the documents, but have been recently caught, and found guilty of
fraud.
Secondly, the homeowner can also file a civil suit against the banks for
fraud, and make them prove they are the rightful owner of the note who is
authorized to foreclose on the homeowner's property.
Last, but definitely not least, is the latest, and possibly most powerful
strategy available, which does not require a homeowner to go to court at
all. It is strictly an administrative process pursuant to the Administrative
Procedures Act Of 1946, by which the homeowner is legally able to
reconvey the property title back into his/her name, thereby revoking any
authority by the bank to foreclose on the property, and taking the property
back free & clear usually within 90 days.
This effectively puts the homeowner back in control, and forces the bank to
deal with the homeowner, who now is negotiating from a position of
strength, instead of begging the bank for help. The bank now has to go to
the homeowner to resolve any title issues.
Until such time as our Government Officials decide that they will uphold, and
enforce the rule of law, and the U.S Constitution, and not allow themselves
to be bought by the bank's lobbyist, the American Homeowner must be
willing to fight for their Constitutional Rights, and homes by any legal means
necessary against the Federal Reserve, The Banks, and the wealthy Wall
Street Barons, who created this mess with the full intention of fleecing the
American Citizens from all of their remaining wealth in the form of equity in
their homes.
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Comments
sunil Tbs
For more information about fighting foreclosureand
foreclosure defense documentsplease visit our official
website www.thehomeownersrevolt.com
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