According to the Wall Street Journal, federal and state officials are working toward a settlement with the nations largest banks regarding foreclosure practices. These banks are now seeking legal protection to their bad documents and poor practices that they created. With Quiet Title Action being filed against these banks and judges coming down hard on these greedy lenders for these crooked practices, the banks are trying to keep their scam going to protecting the fraud that they already committed.
As they try to fight claims tied to Mortgage Electronic Registration Systems (MERS), loan origination, securitization, robo-signing practices, and other techniques that are now blowing up in the lenders’ face. As homeowners and foreclosure defense attorneys continue to successfully fight back against these banks, they can’t take the fact that the scam is over. They’ve bled homeowners dry and have been paid over and over again, in addition to write-offs and deficiency judgements that steal even more from foreclosure victims and crippling their credit.
To learn more about Quiet Title Action and how it can help you as a homeowner, investor, realtor, or attorney, please visit the link below: