The Top 10 Mortgage Fraud States For 2008

Loan modification can interfere with Sham Foreclosures & IRS frauds

For certain mortgage companies, loan modification INTERFERES with sham foreclosure, FLIPPING fraud (which fosters neighborhood blight), and false IRS 1099-A’s! Specifically, a grossly overlooked factor of the Foreclosure Crisis is the reality of non-legal foreclosures being deliberately filed in courts. (*1099-A's enable mortgage companies to receive just or unjust tax advantages).

Ongoing news reports throughout the USA about courtroom judges who are dismissing foreclosure cases (filed purportedly on behalf of foreclosure plaintiffs) because of "lack of standing" (no proof of owning the note), or the mortgage lender no longer exists, are not always coincidences, nor errors. Far too many lawyers are deliberately filing these -in collusion with mortgage companies, and escaping scrutiny from most judges --until now.

Also, when attorneys deliberately file false foreclosures naming defunct mortgage companies, or companies which no longer hold the notes, often they ILLEGALLY affix Collection Fees in excess of "Acceleration Clauses," making it even harder for people to pay arrears. Even worse, people become [unlawfully] evicted despite that the property seizure is null –they never lawfully lost ownership! (Hence, manifest false 1099-A’s.) If property owners sue for "Unfair Debt Collection Practices," lawyers make more even $$$$ through litigation --which Wall Street Investors incur the legal tab! Additionally, some collectors file in Bankruptcy Court falsified motions to "Lift Stay" pleadings for purposes of accomplishing SIMULATED AUCTIONS of feigned foreclosed properties.

A thorough FEDERAL investigation of false 1099-A's filed with the IRS by mortgage companies will expose various aspects of silent White Collar collusions within real estate & foreclosure frauds that has been carried out for years –likely, another S&L mess! For Prima Facie proof of Wells Fargo, Lehman Brother collusion with unscrupulous lawyers, see:

*http://www.lawgrace.org/2008/08/08/my-august-8-2008-statement-to-the-louisiana-secretary-of-state-office-of-financial-institutions-concerning-wells-fargo-irs-and-mortgage-frauds-sham-foreclosures-and-judicial-collusion-and-national-app/

*http://www.lawgrace.org/2008/09/14/lehman-brothers%E2%80%99-mortgage-troubles-nationally-evidence-of-foreclosure-fraud-deception-and-conspiracy-with-wells-fargo-deceptive-judicial-filings/

Barbara Ann Jackson of LA @ Sep 04, 2009 19:58:55 PM