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Please help get the word out; it could help some people to save their homes!! Far too many Debt Collector Attorneys are deliberately filing judicial foreclosures under names of defunct mortgage companies, or companies that do not own the promissory notes; some collectors commit extortion by confiscating those properties and then charging fees far beyond “Acceleration Clauses,” thereby making it impossible for borrowers to recover their properties or bring current the mortgage arrears. http://www.chuckgallagher.word…..gallagher/.

Moreover, foreclosure fraud makes it possible for mortgage companies like Wells Fargo Bank, NA to file with the IRS false 1099-A’s and 1099-C’s for purposes of unlawful tax write-offs and tax credits. SEE: http://www.lawgrace.org/2008/0…..ional-app/.

When property owners sue for “Unfair Debt Collection Practices,” etc, debt collectors make even more $$$$ through protracted litigations. (*An example of protracted foreclosure litigation in lawsuit: Super Future Equities v. Wells Fargo Bank, et al.) Fraudulent foreclosure proceedings mean that people actually HAVE NOT lost ownership of their properties, and evictions are illegal, but those homeowners don’t know it!! For predatory and deceptive mortgage lenders, foreclosure frauds are bonanzas because it makes possible real estate FLIPPING frauds, and misleads Investors concerning housing markets. SEE: http://www.lawgrace.org/2008/0…..l-filings/

Additionally, an alarming amount of unscrupulous debt collector attorneys are committing amazing fraud in Bankruptcy Court because of “lift stay” motions they filed via use of names of entities which have no “standing,” or have no “real party interest.” Put plainly, there are thousands of people who being rendered homeless, yet those judicial proceedings to take those homes were dishonest, in violation of law, and in too many cases criminal. NOT UNTIL a valid foreclosure case is filed in court, can a valid loss of a home occur. Yet, there are likely some people living in tents or cars or shelters who debt collector attorneys have filed fraudulent proceedings to UNLAWFULLY confiscate some people’s homes.  

Barbara Ann Jackson

http://www.lawgrace.org