Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Supposing now that the mortgage system may be held to the rule of law and it's determined
that many broken chain of titles are found to exist and mortages are no longer tied to a note
what happens to the house? An obligation was signed and still exists but now it's unsecured.
I would imagine that a "bank" would still go after a judgement same as a credit card or
revolving credit account. A borrower would have the opportunity to show how much they could
pay towards the judgement. It might workout to be less than the original mortgage payment.
I think you can see where this is going......Is it a possibility?
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