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    • Collection Abuse, FORECLOSURE FRAUD, etc. 1/1/2008
    Most critical to the Foreclosure Crisis is FORECLOSURE FRAUD which enables MORTGAGE LENDERS to ILLEGALLY FLIP properties. It is HIGHLY COMMON for a DEBT COLLECTOR attorney to file a foreclosure naming a DEFUNCT mortgage company, or naming a mortgage company which is NO LONGER holder of the promissory note; or file a foreclosure affixing a "ransom" amount (the collector's fee) far exceeding the "Acceleration Clause." In States such as Louisiana, 2 particular mortgage companies that benefit from fraudulent foreclosures are Wells Fargo and FREDDIE MAC. Any representation about $$$ billion dollar losses due to people defaulting on mortgages should be weighed against the fact that these mortgage giants needlessly pay COLLECTION firms outrageous legal fees for lawyers to outmaneuver -and even persecute people who file court proceedings in opposition to fraudulent foreclosures. Despite a property owner’s entitlement to Challenge CONTRARY-TO-LAW loss of his / her home, most property owners lack legal knowledge; the Court System is REFRACTORY; and there are limited attorneys with Consumer Law acumen. Also, when borrowers sue for “Unfair Debt Collection Practices,” the collector makes more $$ through prolonged litigation, as co-conspirators enjoy the foreclosure fraud pie. In fact, some collectors even file in Bankruptcy Court falsified Motions To "Lift Stay” for purposes of accomplishing SIMULATED AUCTIONS. Irrefutable proof of these things is posted on www.lawgrace.org. Securities Investors need to become more astute about how mortgage servicers' misdeeds hurts borrowers as well as siphons incalculable amounts of money from what Investors should reap. (See "Limiting Abuse and Opportunism By Mortgage Servicers," AND "Private Property Rights Deferred: Has Predatory Mortgage Servicing Destroyed The American Dream" by Rawle Andrews, Jr., Esq.,and Leroy Jones, Jr., J.D. Visit: http://www.msfraud.org/index.html.) **In the near future, Investors will likely share liability for collectors’ misdeeds. ------ Links: Mortgage Mess, Foreclosure Fraud and Impediments to Justice newsblaze.com/story/20071203130614tsop.nb/newsblaze/TOPSTORY/Top-Stories. Comment: Foreclosure of Judge Reginald Badeaux’s Home www.lawgrace.org/2007/12/08/my-december-7-2007-comment-posted-to-the-times-picayune-blog-about-the-news-article-entitled-%e2%80%9cjudge-gets-debt-reprieve-badeaux-has-skipped-mortgage-payments%e2%80%9d-the-foreclosure-of-this-lo/ -Barbara Ann Jackson

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