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This Is Pretty Amazing!
publication date: Sep 21, 2009
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author/source: CJP
If you've been foreclosed, being foreclosed upon or will be foreclosed upon you should read this.
This article is from Ellen Brown of Web Of Debt (A good book by the way). She is reporting on a case in Kansas where the court has declared that a certain entity has no right to foreclose on you. Ellen then brings up some reasons why in most cases no one has the legal right to foreclose on you. The basic reason why in many cases foreclosures are illegal is because the entity foreclosing on you technically does not own mortgage. In the case of this court case it was MERS, a mortgage servicing company, not a bank or lender. In the case of a lender, most of the time the loan has been packaged and sold off to someone else and then into an investment. To technically a whole bunch of people own the mortgage, not just a bank. I can see this court decision causing some serious issues. I am no attorney, so you should consult one, but if your mortgage has been sold off and put into an investment where multiple people own a fraction of it, then who really has the legal right to foreclose on you. I say no one!  Christian Economics, Christian Finances, Christian Money, Christian Wealth, Christian Mortgage, Christian Mortgage Advice, Christian Mortgage Counsel, Christian Mortgage Consulting, Christian Investing, Biblical Economics, Biblical Finances, Biblical Money, Biblical Wealth, Biblical Mortgage, Biblical Mortgage Advice, Biblical Mortgage Counsel, Biblical Mortgage Consulting, Biblical Investing, Creating Wealth, Mortgages For Christians |
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