If you’re facing foreclosure, or are interested in mortgage modification, deed in lieu or short sale issues related to property, especially in Florida, you should be aware of massive, wide scale fraud that permeates the entire mortgage industry. As the mortgage market exploded and lenders across the country were tripping over one another in a mad orgy to make mortgages, agents and employees of the lenders committed fraud from the begining of the process selling the loan to the homeowner all the way through to the packaging and selling the fradulent loans to end investors.
Lost Notes, False Affidavits of Amounts Due and Owing, Fraudulent Assignments of Mortgage
Now lenders trying to foreclose on these fradulent mortgages must continue the lying process in order to try and collect on the fradulent mortgages. The lies come in all shapes and sizes from itty bitty lies (I’m a vice president of Indymac Bank and we’re owed $100,000) to big fat whopper lies (I’m an officer of Indymac Bank and I’ve assigned the mortgage to US Bank.) The attached deposition transcript of Erica A. Johnson Seck illustrates precisely how the fraud occurs and shows how the fraud is ongoing. If the same questions were asked in every foreclosure case, the same facts would show up in a large majority of foreclosure cases that are currently pending in courts across the state….the person that has signed documents that form the case against the homeowner has absolutely no basis to make the statements or sign the affidavit. The end result should be a dismissal of all foreclosure cases where these facts are proven.
The deposition is a fascinating read and the entire deposition transcript can be found here.
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