Apr 30, 2011 - (Atlanta, Georgia) -- GoFightForeclosure.com home of the Go Fight Foreclosure System today announced homeowners can avoid foreclosures by making creditors show enforceable security interest. Citing missing paperwork particularly interv
Online PR News – 04-May-2011 – – Apr 30, 2011 - (Atlanta, Georgia) -- GoFightForeclosure.com home of the Go Fight Foreclosure System today announced homeowners can avoid foreclosures by making creditors show enforceable security interest. Citing missing paperwork particularly intervening mortgage assignments reveal creditors such as banks don’t have enforceable security interest to foreclose.
Kyle Ransom a former expert mortgage broker is the mastermind behind the Go Fight Foreclosure System. Created to educate homeowners on how to detect if the bank has problems with missing paperwork to foreclose. Ransom says this problem is so big and is not one that when the bank is operating as a creditor to foreclose on the homeowner can easily be fixed. Urging despite the media attention major banks are claiming to give this problem and solutions to repair it.
“The best way for homeowners to avoid foreclosures should be to challenge the creditor. Foreclosure mills are fabricating mortgage assignments and using Robo signers to commit fraud. Today, usually when the bank learns that there is a problem with securitization they will want to work with the homeowner and possibly even give them a more affordable loan,” stated Kyle Ransom.
He stresses that when a creditor forecloses on a mortgage loan they must have enforceable security interest and are required to be the holder of the mortgage note in due course. Which he reveals missing paperwork involving improper securitization makes it impossible for the bank to take a position as a creditor with enforceable security interest.
Ransom says if the foreclosing bank is the true creditor in due course they should be able to prove it. However, he stresses most of the time mortgage assignments showing transfers to banks lack proof of how they acquired the mortgage notes. Further he exposes that too many mortgage assignments never state what specific lender transferred the loan to the banks and this is a first sign that securitization was improper.
“I believe because many of the mortgage lenders that originated these loans are now out of business banks are trying to circumvent proper securitization. However, with the right knowledge improper securitization can easily be detected,” stated Kyle Ransom.
To learn more about the Go Fight Foreclosure System please visit http://GoFightForeclosure.com .