Banks Paying Cash to Homeowners to Avoid Foreclosures

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19. This is simply a work around on the securities fraud committed by Wall Street banks.

That securities fraud is directly connected to the mortgage loans and property Titles here on Main Street.

Cecala of Inside Mortgage Finance said he wonders whether lenders are making big payments on properties with underlying title problems. Evan Berlin, managing partner of Berlin Patten, a real estate law firm in Sarasota, Florida, said representatives of a large bank told him the incentives are primarily given to borrowers when it doesn’t have the proper paperwork needed to win its foreclosure case. He declined to name the bank for publication.

What “proper paperwork” means to me is that the banksters and their bogus mortgage securitization messed up the property Title so badly they couldn’t even fake ownership of the loans in a contested foreclosure suit.

This is a red flag for homeowners that they should instead file a Quiet Title action and see if any party can prove a valid debt and valid lien upon the property.

Why accept $35,000 when the homeowner could obtain their Deeds free of any debt?


I’ve been researching mortgage/foreclosure fraud for 3 1/2 years and filed suit against my mortgage servicer this past year.