Current statistics indicate that there are over 8 million foreclosures in the United States at the present time. However, very few homeowners are in a position to fight their foreclosure and WIN!
The average homeowner has no knowledge of the regulations or laws that govern the financial institutions that are currently holding their loans. They don't know what is available to them in order for them to confidently and courageously take on their banks and lenders.
There are remedies available to you for this very purpose. In most cases this information is readily available to attorneys. However, the lay-person has little to no knowledge of the policies and procedures needed to implement such strategies. Even if you were aware of the federal violations -- you would face the dilemma of which legal documents you would be required to file, and how.
The good news is that you can single-handedly take back your property free and clear by filing a notice of rescission, and or a quiet title action, based on Federal violations pursuant to the Truth In Lending Act (TILA), or the Real Estate Settlement Procedures Act (RESPA).
You can move to stop the foreclosure, and fight for your home by acquiring a "Forensic Loan Audit" that will identify any possible lender fraud, or Federal violations of the Truth and Lending Act (TILA), or the Real Estate Settlement Procedures Act (RESPA).
You can expose the fraud, stop the foreclosure, and take your home back by fighting your foreclosure! Recently, some homeowners have staved off foreclosure for more than four years using a newly employed legal strategy which requires the lender to "Produce The Promissory Note."
This legal strategy has been employed because of the way mortgages have been securitized in recent years. It's often unclear who actually owns the debt, and what has been discovered is that systematically, the originating lenders only pledged these loans and didn't actually transfer them" to the trusts that are supposed to hold them and issue the securities.
In many cases the lender is unable to produce the Promissory note and this is where you can step in and take your property back free and clear...ONLY if you know how to do it. And, when I say free and clear, I mean never having to pay a mortgage payment ever again.
Can you imagine not having a house note? It is possible if you find that your lender cannot produce your promissory note, and you're able to take the necessary legal steps to demand that they provide it or else!
Many adjustable rate mortgages were illegally securitized in the haste to convert toxic loans into fee-generating mortgage backed securities. Judges across the nation, including Boyko, Rose, Kurtz, Schack, Rosenblatt, Bufford, O'Malley, Shaw, Bryant and Foley have issued orders dismissing foreclosures brought by lenders that have illegally securitized loans, and are no longer current holders of the notes.
The exciting news is that you no longer have to be a victim of foreclosure. You can now fight back, WIN, and take your property back free and clear legally. If you are in foreclosure, as so many Americans are today, you don't have to lose your home without putting up a fight.
The banks are hoping that because you don't know the law, you'll just hand over your property, even when they know they don't legally own your home. You don't have to hand over your home without a fight. The Promissory Note Defense information is just one of the many legal strategies available to you to help you fight back and WIN the foreclosure war!
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