Homeowners already own their own home because of illegal contracts
The following points summarize the fraud, followed by more in-depth explanations:
o The homeowner already owns his/her own home because the initial mortgage contract was induced by fraud.
o The homeowner may NOT be liable for payment of the signed mortgage under a suit of equity for a Note where fraud has been exercised against the Note.
o Foreclosing entities have lost the power of sale within the security instrument and the right to enforce the Note.
o Unwary homeowners were seduced into fraudulent mortgage contracts.
o Due to the complexity of the fraud, most of the judiciary has failed to understand and apply statutory law correctly.
o Contracts with homeowners containing fraud, especially those mortgage contracts written since 1999, are void as a matter of law AND the banks or any foreclosing entities do not have any equitable recourse.
In other words, neither the banks nor the foreclosing entities have any legal authority to foreclose nor have they been harmed by any monetary loss. In fact, the banks and other pretend lenders have benefited unjustly! EVERY transaction can be found in the MERS Milestones Reports through discovery to show the enrichment! (See Application Letter in Addendum #1.)
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