Have YOU Received Your Bailout from Obama Yet?

In any contractual situation, full disclosure, fair dealing, and a” meeting of the minds” is required for a valid and enforceable agreement.

All of these required elements are MISSING in most of the home loans originated or refinanced between 2000 and 2009.

So often we speak with people that just want to “pay their mortgage” and are hoping that their foreclosure problem will magically go away.  IT WON’T!

People often operate with the FALSE assumption that their “lender” in interested in working with them and has their best interest at heart.  While this is certainly the message the “lender” attempts to communicate, IT IS UNTRUE!

THE “LENDER” IS MOTIVATED STRICTLY BY PROFIT AND WILL LIE, CHEAT, AND STEAL TO INCREASE PROFITS!!

In this whole mortgage mess, many people were given loans that were never intended to be paid back.  They were given so called “liars loans” because no documentation or verification of income was required.  We read about a strawberry picker in California making $14 an hour being given a $750,000 mortgage!  This is but one of many examples. 

Why would a bank make such a loan?  Well it wouldn’t if it intended to keep the loan.  But since selling the loan through securitization was always the intention, banks didn’t care.  The non payment of the loan would be someone else’s problem!  Meanwhile, there was a lot of money to be made!!  There was one mortgage company in Florida that hired 10,000 people, including many people with felony convictions, to go door to door and bring in unqualified borrowers

People were fraudulently induced to sign for mortgages they could not pay; these mortgages were bundled together by the thousands with “good” mortgages so that the whole package could be marketed to investors as AAA rated mortgage back securities.

What does this have to do with you?  The answer is EVERYTHING!!

It was these toxic sub prime loans that caused the real estate market to collapse causing real estate values to plummet (including the value of your house)!

It was these toxic sub prime loans that cause the economy to crash and millions of people to lose their jobs or suffer a substantial decrease in income (perhaps that happened to you)!

It was these toxic sup prime loans that caused the White House and Congress to appropriate literally TRILLIONS OF DOLLARS under the Toxic Asset Relief Program and other bailouts for the affected banks.  In other words, the victims of the fraud – the people – were asked to pay for the losses of the perpetrators of the fraud – the banks.

DID YOU GET YOUR BAILOUT?  OF COURSE NOT.

Are you beginning to get the picture?

Often times we talk with people who are concerned with the “moral” issues involved in the non payment of their mortgage.  We understand.  However, typically these people are the victims of fraudulent actions committed by the banks.  The bank, by its fraudulent actions, however, is the part that has breached the contract.

We’re going to explore some of the Federal Lending Law violations committed by these banks in another section in this blog.

The purpose of this section is to help you see some of the fraud committed by these “lenders” in not only the real estate loans themselves but especially in the foreclosure process.

By taking matters into the court system and aggressively defending and fighting foreclosure actions, Foreclosure Legal Defense^TM provides a viable way for homeowners to be able to fight fraudulent foreclosure and SAVE and KEEP THEIR HOMES!

To get your "BAILOUT" and turn the tables around these banks, call our office at 1-877-9KEEPHOME.