http://newsblaze.com/story/20101116120222nnnn.nb/topstory.html
. . .foreclosure that entails savagery, fraud, corruption, greed, intrusion, peril, trauma, desolation, shocking deviation from established law and court rules and procedures, and reprisals for whistleblowing and for not relinquishing one's home to sham foreclosure is a riveting story worth being told.
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Following years of prompt mortgage payments, upon falling behind, the homeowner (the victim) contacted the mortgage "servicer," Wells Fargo Mortgage to discuss options. Wells Fargo insisted upon the victim signing "loan modification" documents and sending in a money order to Wells Fargo in order to keep the home.
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Wells Fargo turned over the modified loan debt to a foreclosure mill debt collection lawyer who used a defunct lender's identity to foreclose, as well as demand unfair fees. At some point after foreclosure had been filed, the victim discovered that the modification consisted of a contract between the homeowner and a fictitious lender.
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Along various stages of foreclosing on the victim's home, lawyers, sheriffs and judges enabled collection of the debt that was created by Wells Fargo's fraudulent loan modification.
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. . . the manner in which the victim believes the home was acquired for the foreclosure lawyer through a straw buyer at the collection lawyer's fake auction. . ."
Source of Post
http://www.realestateindustrywhistleblower.com/2010/12/foreclosure-fraud-foreclosure-mills.html
Posted here by
Crystal L. Cox
Crystal L. Cox
Crystal@CrystalCox.com
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