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

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33. Sammytko, fraud more than anything explains wrongful foreclosure.

The long version explanation is here: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2412603

Next, I’ll try for a short version. Yes, some homeowners were wrongfully foreclosed even though they made their payments. (It’s sad but I actually view those homeowners who make their monthly payments as those in pre-foreclosure.)

Strangely, Bank of America seems to specialize in foreclosing on homes that don’t even have mortgages. So, you can wonder now how that is possible.

But what is common to nearly all of the foreclosures the past several years is that the party who brought the foreclosure action had no standing, no right to foreclosure on the property.

Moreover, regardless of the actual owner of the debt, the property no longer legally secured the debt.

And it takes fraud, plenty of fraud, forgery, perjury, robo-signing, notary fraud, fraud upon the court, fraudulent accounting and documents, etc. to prosecute a foreclosure, presenting unsecured debt as supposed secured debt while simulating supposed ownership of the Note.