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.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us

URGENT:  Need within 2 days, case law or argument against homeowners being required to post large bonds to enjoin banks when there is clear lender fraud.

Bonding under injunction law was contemplated to protect a party from being harmed during a period of temporary injunction, when they are restrained from doing what they contend they have the right to do.

But in real estate law, it appears "unreasonably burdonsome" for the courts to require homeowners suing banks to post large bonds, because the finances of many of those homeowners have been decimated by payment shock mortages.  They have already drained their savings accounts, or sold their cars in order to show good faith and make their payments, while awaiting permanent mortgage modifications that never came. Instead of the promised modifications, they are often blindsided with the seizure of their homes.

Quote 0 0
Some info here...      Good Luck... John R

Quote 0 0

Wow what a scam.  I'm wondering the same thing.  If I lose at summary Judgement, I have to post a bond to stay the proceedings and appeal.  Or I can appeal but they sell the house anyways? 

Quote 0 0
Write a reply...