The Gantt Report
At least sixty thousand African American homeowners in Florida and surely hundreds of thousands of Black homeowners across the country are currently facing foreclosure proceedings initiated by banks, predatory lenders and financial criminals.
Many of these foreclosure proceedings are bogus and should be fought tooth and nail!
America’s mortgage lenders were so greedy the mortgage notes of most homeowners were bought and sold so much that the document chain of custody was broken time and time again. Seems like every year or two homeowners were being asked to send their mortgage payments to someone different from their original lender.
New so-called note holders refused to obey banking laws, refused to comply with information requests by homeowners and refused to mediate or refinance loans for homeowners that had been victimized by pyramiding predatory mortgage interest rates.
What can a brother and sister do to slow down this speedy, greedy foreclosure train down?
I encourage Black homeowners to fight back, to fight fake, false and forged mortgage documents with true, certified and recorded homeowner documents.
Let me explain. If I buy your house and give you the agreed money to pay for it, it is still not my house until it is recorded in the court house in the county where the home or property is located.
Just because you get a letter from an unknown mortgage company, finance company or bank that says your home is being foreclosed on for missed or late payments, it doesn’t mean that you have to pay.
Yes, people can buy your mortgage note or have it assigned or transferred to them but those note purchases, assignment and transfers must be in accordance with state and federal laws.
In your county court house there are records that show who is the property owner is and who the legal note holder is on every piece of property.
If the lender you are sending your mortgage payments to is not listed on government property records, you may have reason not to pay them and still remain in your home. More often than not, no existence in property and tax records means the alleged mortgage company has “no standing” and very well may not be a legal note holder.
To get around this necessity, predatory lenders and financial criminals oftentimes file court documents that are falsified, forged and faked. “Robo signers” that notarized documents that they never saw or signatures that they never witnessed has caused the whole foreclosure process to be investigated by state and federal regulators.
The good thing for Black homeowners is that while you are fighting foreclosure by yourself you can also consider “strategic default” where you just stop making payments to the predatory lenders and financial criminals. Save your money and move somewhere else.
An ever better thing for distressed homeowners is that predatory lenders lie and one misrepresentation leads to another lie. When you finally go to court, take a court reporter into court with you. When they lie about false evidence you’ll have something to appeal the foreclosure case on.
Each state has their own laws about homeowner’s rights to be noticed and other rights to protect homeowners from financial criminals. There are also applicable
federal laws that protect homeowners in the U.S. Code of federal statutes. Just “google” your state laws and federal laws for residential and/or commercial mortgages, study the laws and apply them to your personal case.
This fight for your mortgage and your home is nothing to play with. If you can get an attorney to help you, please do, but get a lawyer that will fight for you and not just rubber stamp what the financial criminals say in order to get a pay check.
All you have to do to win is find a judge that won’t let banks and other lenders violate the law and a sheriff that will not enforce evictions based on wrongful, false documents and financial crimes.
Meanwhile, there are many internet sites you can check out that show how others have fought to save their property from unlawful foreclosures.
Never give up! The struggle continues!
