What Don't the Banks Want You To Know That Can Stop Foreclosure Cold?

Now days, almost any newspaper will carry stories of banks closing, going bankrupt and bankers somewhere being indicted on bank fraud charges of some kind. In many instances, those facing bank foreclosure on their home could be victims of their banks fraudulent business practices.

Who is being defrauded by the bank? The victim of the lending fraud is the you, the borrower.

Banks cannot be trusted. The records speaks for it self. So here are a few ideas to get you to thinking about what may be going on in your own mortgage situation and an angle you may be able to pursue to stop foreclosure on your home.

Bank foreclosures are embarrassing and scary to the say the least. This fear can cause the homeowner to freeze up and hope something good will happen, some miracle will save their home. Now is the time for action to be taken, not hoping for a miracle. Taking action now is the only miracle the homeowner can hope for to save the home from foreclosure. Now is the time to mount a massive offensive action against the bank to stop foreclosure.

There are many tips and techniques available to help to stop foreclosure. But there is one fact that is of utmost importance to every homeowner.

Whenever there is fraud involved an agreement the contract is voided from the beginning.

All concerned parties must agree to any contract changes before the contract is enforceable. Can the contract be sold without the agreement of the borrower? If he did not, there may be no contract. Must the borrower agree to a reassignment of the contract? The new holder of the mortgage may not have standing for foreclosure if the answer to these questions is yes.

Is it legal for one bank to sell a note, then collect the payments and pass it on? Is there fraud involved when collecting on a paid debt?

It is legal for credit or debt to loaned by banks legally? Where in all the laws of this land has it been decreed debt can be loaned? Is not credit debt? The ability to borrow is one of the meanings of credit. But it is also used as term of debt. When a bank makes a loan, what do they loan? Debt is loaned. Your credit (debt) limit is... Nothing of intrinsic value has changed hands in this kind of loan process.

Whatever is being called money is simply the adding of a numbers to the other side of the ledger. Even if they hand the borrower a stack of bills with the labels of Federal Reserve Note printed on the top of each one, the borrower has only received a pile of debt. Note equals debt.

Remember, your bank foreclosure can be stopped if you get educated and take action today to protect your property.

If you idea of fun is watch human cockroaches run for cover, just start asking bankers about your contract. But get some knowledge under your belt first.