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Foreclosure Fraud Explained

FORECLOSURE FORECLOSED EXPLAINED COULD YOU BE A VICTIM OF FORECLOSURE FRAUD? KNOW THE SIGNS: X. INADEQUATE DOCUMENTATION Most mortgages are Transference of a mortgage sold many times is called an Assignment of Mortgage Note Multiple sales indicate No assignment? No many banks don't have foreclosure valid assignments 2 ROBO-SIGNERS Law requires review In fact, many reviews of loan documents are "robo-signed" - not before foreclosure reviewed by anyone Banks may claim No complete review? review is completed No foreclosure 3 MULTIPLE CONTACTS Homeowners are legally No single contact? entitled to a single No foreclosure contact point Multiple contacts are a violation of rights i! NO PRINCIPAL REDUCTIONS/ 4 REFINANCING Banks must offer Qualified? No offer? reduction/refinancing No foreclosure to qualified homeowners Not offering loan modifications is a violation of law DID YOU KNOW? BANKS PAID A BANKS INVOLVED INCLUDE: $25 BILLION WELLS FARGO BANK OF AMERICA CHASE, GMAC settlement for mortgage fraud in 2012 99% OF HOMEOWNERS still don't hire an attorney when facing foreclosure PROTECT YOUR RIGHTS! How a Foreclosure Attorney Can Help FIND STOP HALT Evidence of foreclosures sheriff sales foreclosure fraud and evictions NEGOTIATE ENSURE with banks on you get reduction/ your behalf refinancing offers you're entitled to INFOGRAPHIC | Jump PROVIDED BY LEGALJI Sources

Foreclosure Fraud Explained

shared by BrittSE on Oct 26
In 2012, banks like Wells Fargo, Bank of America, and Chase had to pay a $25 billion settlement for mortgage fraud. Learn more about homeowner rights and foreclosure fraud in this infographic from a ...


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