Foreclosure victims begin receiving pitiful checks yesterday...guess what? insufficient funds

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20. DarkLink, I’ll attempt to answer your question.

Yes, you are correct in that in some states/situations a wrongfully foreclosed homeowner can sue for their property in addition to noteworthy money damages.

In general, wrongful foreclosure is good for 3 times or more of the value of the property. In such a lawsuit Breach of Contract & Slander of Title are also applicable and have their own equitable damages. Some of these lawsuits even include punitive damages.

Some homeowners who receive checks will assume the foreclosing party made some small insignificant error and go on with their lives. Others though will view their checks as confirmation of what they knew in their gut, that their homes were stolen from them.

Unfortunately, I do not expect our government to hold the banksters accountable for this massive fraud. It has been and remains my belief that it will be up to each homeowner to stand up for their rights and sue. Those who make such an effort should expect 7 figure settlements/awards.

I caught on to the fact that under the laws of my state, my mortgage was null and void only months after I signed the mortgage contract. My mortgage servicer even filed two invalid, robo-signed Assignments on my property. I spent months seeking suitable counsel and it cost me $2,500 to file a Quiet Title action in which I hope and expect to kick my mortgage to the curb.

Of course I wonder how many homeowners in my state were foreclosed when their mortgages were actually null and void under PA law.

It costs nothing to speak to an attorney on the phone. A good attorney will happily spend an hour or so talking with you in their office. Depending upon the attorney and the case, I’m sure many would agree to a share of the damages they obtain rather than payment from the homeowner.

Our Recorder of Deeds offices are actually crime scenes. Stored in counties across the country are the means to hold the banksters accountable.

The homeowners receiving these checks fortunately retain their rights and claims. How many homeowners will stand up, demand their rights and their 7 figure damages? Many I hope.