Court Rules On Illegal Foreclosure Process For Bank Mortgages

January 10, 2011 · Filed Under Main Page, Money and Banks, Mortgage Debt · Comment 

By Kalinda Rose Stevenson, Ph.D.

Unlawful Foreclosure Process

The law matters. That is the fundamental point of the landmark decision by the Massachusetts Supreme Judicial Court concerning unlawful foreclosures by two of the nation’s largest banks. This is one more decision about how an illegal foreclosure process continues to wreak havoc on the economy and on the lives of millions of property owners who have lost property in foreclosures to banks that had no illegal right to foreclose. Read more

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A Ruling Against Bank Foreclosures Reveals A Dirty Secret Bankers Don’t Want Real Estate Owners To Know

January 7, 2011 · Filed Under Main Page, Money and Banks, Mortgage Debt · 1 Comment 

By Kalinda Rose Stevenson, Ph.D.

The true story about bank mortgages is that many of the mortgage foreclosure actions taken by banks have been illegal, for the simple reason that the banks were not the holders of the mortgages at the time of foreclosure.

The Supreme Judicial Court of Massachusetts issued a unanimous decision about two cases, which reveals the dirty secret that millions of home owners are losing property in foreclosures by banks that have no legal right to foreclose.

“Wells Fargo and U.S. Bancorp lacked authority to foreclose after having “failed to make the required showing that they were the holders of the mortgages at the time of foreclosure,” Justice Ralph Gants wrote for the Massachusetts court” (Banks lose important ruling on foreclosures).

If you are a real estate owner facing foreclosure, this ruling is one more reason to challenge the right of the bank to foreclose. 

Find out why you have more options than losing your property to illegal mortgage foreclosures at Mortgage Debt Reset.

[post cross-published on No Money Limits]

For Your Financial Success

Dr. Kalinda Rose Stevenson

The Story Transformer 

Creator of “The Story Transformation Process”

 

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Facing Foreclosure – Do You Want Mortgage Relief?

By Jim Stevenson

Are you currently facing foreclosure and looking for mortgage relief?

If you have already received a Notice of Default (NOD) or are in danger of receiving one, then you may be feeling trapped in your current situation. 

But There’s Hope for Your Underwater Mortgage

If you owe more than your home is worth, then you have an underwater mortgage. But you’re not alone. In the March 27, 2010 Washington Times article Obama foreclosure plan gives payment break to jobless “More than 15 million homeowners fall into this category, according to Moody’s Analytics.” Read more

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Mortgage Relief For Underwater Mortgage Debt – Do You Qualify

By Jim Stevenson

Are you looking for home mortgage relief from underwater mortgage debt?

Well, you’re not alone. Today many people find themselves in a position where they would like to stay in their home but they can’t afford their current mortgage payments. Read more

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