Foreclosure Defense Florida

Fraudclosure is Nothing…Just Wait Till The Student Loan Crisis Hits…..

You think Fraudclosure is bad….well hold onto your hats because you ain’t seen nothing yet.   The coming war over student loan debt is going to make Fraudclosure look like a lazy warm up for an Ironman race. (more on that later)

The economics and politics behind student loan costs and inflation are far more disturbing than the sub prime bubble.   College tuition has increased more than 5% each year over the last 5 years, with other costs (like textbooks) continuing to increasing exponentially.   The class of victim preyed upon in the student loan scam are necessarily not as sophisticated as those who engineered the system against them.

Now the reality for most students is utterly impossible….they’ll graduate school hundreds of thousands of dollars in debt….debt with creeping interest rates…debt that cannot be bankrupted and….as a practical matter, debt that can never be repayed.

Total student loan debt in this country will exceed $1 trillion dollars…..and thanks to the magic of compounding interest (and a declining economy) it’s a debt that this country can never be repaid!

And just like the subprime loan boom, the same players exist in student loan…..Fannie Mae, meet your cousin Sallie Mae!   And then lurking right below the surface are all the banking players who are siphoning off the interest and fees….for the rest of the student’s life!



  • Attorney Wendy Alison Nora says:

    FRAUDCLOSURE is the same scam as the student loan debt. What will the unemployed graduates due for housing even if they get relief from nondischargeable student financial aid? They will need a place to live. Our constitutional rights to privacy and security are founded on home ownership. We cannot have the next generation conned by computer systems generating false housing debt at interest and being subject to their homes being taken by fraud, forgery and perjury by entities not entitled to foreclosure, with the attorneys’ fees and costs for the fight against the false debt being charged against nonexistent home equity. FRAUDCLOSURE reveals the bank control of the economy just as unpayable and nondischargeable student debt does. But people need homes; communities need homes to be occupied; local governments need the tax base for education.
    I appreciate your trial-lawyer style of painting images in broad hyperbole, but US citizens being made homeless by bank fraud remains the core issue from which other scams, like student loan debt, emanate. Let us not forget that during the first phase of high unemployment, US citizens were encouraged to upgrade their employment skills through higher education by taking out student loans. I know many people who took this advice and have been paying for their housing by student loans. Interest on student loans is around 6% and mortgage interest for these families with an unemployed wage earner run around 6% at the very best. That makes a 12% housing cost for the students who are retraining for jobs that do not yet exist.

  • bongstar420 says:

    So this has nothing to do with rich people simply trying to consolidate their power?

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