Atlanta, GA – July 18, 2011 – (RealEstateRama) — GoFightForeclosure.com today announced to declare that the vast majority of bank foreclosures are unlawful. Citing that foreclosures destroy families and communities. As a result they have decided to arm families with knowledge to fight foreclosure and win by offering up six senses to detect improper mortgage securitization.
According to Kyle Ransom, creator of the Go Fight Foreclosure System foreclosure fraud is a real crisis. Ransom says most people are unaware that when they default on their home loan mortgage the bank foreclosing may not be the true holder of the note. He says the good news is that mortgage rates are falling but the bad news is the unemployment rate is raising. Stressing that if people have no jobs they simply can not pay their mortgages and so the foreclosure crisis continues with no end in sight.
Ransom feels like the average struggling homeowner only wants to be able to pay their mortgage every month plus be on time. He says forget what you hear about homeowners wanting a free ride and trying to skip out on owing the bank money. He argues that homeowners facing foreclosures need better affordable loans to solve this foreclosure epidemic.
As a former licensed mortgage broker Ransom urges “I See Deceitful People” carrying out foreclosures.
Continuing, Ransom feels the level of the deceit that big banks go through just to foreclose on an innocent homeowner is alarming. Advising not to mention if banks are truly challenged on their authority to foreclose they would generally lose because of improper mortgage securitization.
“Homeownership is the true American dream and counterpart to Capitalism to live out dreams. The future of our children to utilize homeownership to start a business may soon be gone forever. Our only solution is to go fight foreclosure every step of the way. Challenge what authority your mortgage lender has to foreclose,” revealed an outspoken Kyle Ransom.
From GoFightForeclosure.com, How-to Detect mortgage securitization fraud and determine improper mortgage securitization using six senses. The sixth sense is the most powerful.
1. Loan Modification Denied.
Believe it or not when the mortgage lender denies a loan modification this is usually a sign that something else may be wrong with the mortgage loan. When homeowners are denied a loan modification for whatever reasons they should research information about the mortgage securitization of their loans.
2. Original Mortgage Note Missing.
Many times mortgage lenders will seek to supply a COPY of the mortgage note to foreclose. In order to foreclose the mortgage lender must be in possession of the original mortgage note.
3. Truth and Lending Violations.
Mortgage lenders who abuse Truth and Lending Act violations are prone to carryout wrongful foreclosures.
4. No Enforceable Security Interest.
Whenever requested the mortgage lender is required to proof the right to collect on the debt owed. Generally, producing documents such as the mortgage note, BOGUS assignment transfer, payment history, etc. However, rarely will the mortgage lender provide documentation to show enforceable security interest as a Holder In Due Course.
Please note the assignment transfer would make the securitization proper if the majority were not bogus documents.
5. Squiggle Mark and Line Signatures.
When the mortgage assignment transfer signatures at the bottom appear to be hard to read such as a squiggle mark or line intended to be a signature. In actual the squiggle mark and line is not easily identifiable as the signature name that matches the printed name.
6. ROBO Signer.
The Sixth Sense! The reason that most mortgage assignments are bogus is because they contain signatures of Robo Signers. These individuals are typically not real employees of the mortgage lender which makes the assignment transfer fraud. Robo signers do not independently fact check and confirm the information of mortgage assignments as accurate or true which is required to complete an assignment transfer of mortgage.
You can also Google the name of the person who is allegedly authorized to sign on behalf of the mortgage lender listed at the bottom of your mortgage assignment transfer. Simply conduct a search of the name with the term Robo Signer.
“Officer Name, Mortgage Lender Name At Bottom, Robo Signer”
This is a good starting point for detecting mortgage securitization fraud.
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About Kyle Ransom
Kyle Ransom is the founder of Go Fight Foreclosure System http://GoFightForeclosure.com . He termed the foreclosure defense “Improper Mortgage Securitization” used by homeowners to challenge their mortgage lender’s enforceable security interest to foreclose.
Ransom is a former licensed mortgage broker with over 15 years experience in banking and finance and real estate investing. He is the CEO of Ultisky, Inc and oversees several online business models.