Epedemic Of Fraudulent Foreclosures Sweep The Nation

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 8, 2011 -- Americans are losing their homes in record numbers all over the country.
Many of these foreclosures could be fraudulent or illegal. If a lender
wants to foreclose on a property, it has to be able to show that it is,
in fact, the appropriate person or entity to whom the money is owed.
The right to foreclosure belongs only to the person who has legitimate
possession of the original note. Not a copy, not an electronic entry, but
the original note itself with the original signature of the person(s) who

allegedly owes the money along with the appropriate raised notary seal and
signature. If a person is faced with foreclosure, they have every right to
demand that the person or entity trying to take their property prove the
legal right to do so by producing the original promissory note.

Many of these lenders did not keep their mortgage notes, but instead sold
them through "fractionalized" mortgage-backed securities to investors. This
means the note was devided into hundreds of pieces, repackeged, and then
sold to hundreds of investors. Now no one person or entity owns the note.

No one person or entity can legally foreclose on the property.

If the foreclosure is allowed to go through without proof of the original
note, there is the risk that sometime in the future, the holder of the
original note can demand payment from a homeowner who has already been
foreclosed on and lost their home. This is why homeowners need to start
fighting back when someone is trying to foreclose on their home. Especially
since an overwhelming percentage of mortgages granted over the last 3 to 5
years have been packaged into securities and re-sold numerous times since

inseption. Why wouldn't anyone who owns a home do everything in their power
to protect and defend their home.

To find out more about what can be done to stop foreclosure visit this web
site, http://www.stopforeclosurefreeandclear.info .

Contact Bruce Nutting, Media Relations
email, cashrivernow@gmail.com

     avoid foreclosure     foreclosure     foreclosure help     how to stop foreclosure     loan modification     shortsale     stop a foreclosure     stop foreclosure