GoFightForeclosure.com Says $25 Billion Mortgage Deal Legalizes Wrongful Foreclosures
A pioneer site offering solutions for homeowners to challenge foreclosures feels that the mortgage settlement grants the banks a license to do evil.
Atlanta, GA – February 10, 2012 – (RealEstateRama) — GoFightForeclosure.com the leader in training homeowners how-to challenge foreclosures and win. Today announced that the $25 Billion mortgage deal will only legalize wrong foreclosures. Citing that on the brink of the settlement just this week big banks continued to move forward with Robo signed foreclosures.
Kyle Ransom, is the CEO of Ultisky, Inc and founder of GoFightForeclosure.com. Creating the Go Fight Foreclosure System and the Go Fight Foreclosure Blog. Ransom says that he started the movement of Go Fight Foreclosure because of all the illegal mishandling mortgage lenders were doing in their foreclosure practices. Being a former licensed mortgage broker with over 16 years experience in the mortgage industry he set out to educate homeowners on how to fight back.
“Foreclosure attorneys when well informed of improper mortgage securitization issues that specifically take away the mortgage lender’s enforceable security interest to foreclose still proceed with foreclosures,” stated Kyle Ransom.
He relates that this week in particular because of settlement talks banks and their entourage of foreclosure attorneys along with mortgage servicers were unreasonable. Ransom says that he continues to see Robo signed documents dated for 2011 and 2012.
“I observed foreclosure abuse of the worst kind this week. The foreclosure settlement is a license to legalize wrongful foreclosures and it must be stopped,” contends Ransom.
The most common foreclosure abuse Ransom says occurs are:
1. Security instruments in mortgage assignment transfers are being written up to trick homeowners. Most homeowners don’t know the requirements necessary for proper securitization that would make an assignment transfer valid.
2. The promissory note contract is widely being abused. Certain authority must be authorized in the promissory note before enforceable security interest is transferable to banks attempting forecloses.
3. Mortgage servicers and foreclosure law firms are purposely ignoring homeowners valid communications correspondence. Servicers are not addressing improper securitization concerns relating to the loan in Qualified Written Request. Foreclosure law firms are operating like foreclosure mills disregarding disputes of enforceable security interest.
4. Robo signers are overlooked. Banks continue to move forward with foreclosures even when informed that assignment transfer documents contain the names and signatures of Robo signers. Homeowners are not able to get foreclosure attorneys to properly validate enforceable security interest and investigate claims of Robo signing.
For homeowners who would like to receive training on how-to stop foreclosures please visit http://gofightforeclosure.com . Additionally, free foreclosure tips, news, and advice is available via http://gofightforeclosure.com/blog
Go Fight Foreclosure / Kyle Ransom
Kyle Ransom is the founder of Go Fight Foreclosure System http://GoFightForeclosure.com . He termed the foreclosure defense “Improper Mortgage Securitization” used by homeowners to challenge their mortgage lender’s enforceable security interest to foreclose.
Ransom is a former licensed mortgage broker with over 16 years experience in banking and finance and real estate investing. He is the CEO of Ultisky, Inc and oversees several online business models.
