Potentially Invalid Foreclosures Resulting from Flawed Paperwork

Potentially Invalid Foreclosures Resulting from Flawed Paperwork

The foreclosure fraud crisis seems to be escalating with each passing day. It is being reported that all 50 U.S. states have launched a joint investigation into alleged fraud in the mortgage industryprominent mortgage lenders using materially flawed paperworkto evict homeowners. Many are now referring to this crisis as "Foreclosure-Gate," and already it is shaping up to be the worst thing that has ever happened to the U.S. mortgage industry. It may be inevitable that some financial institutions will go under as a result.

What does this mean to homeowners in foreclosure or that have been forced out of their homes?

The sad truth is that millions of foreclosures across the United States could potentially be invalid because the securitization process did not clearly define home ownership. In fact, an increasing number of judges from coast to coast have been rulingthat the "owners" of the mortgage have no rightto foreclose on a property because they lack clear title.

In addition, Americans that have purchased foreclosed homes may also be facing some serious problems.Millions of Americans may now"own" homes that they do not possess the clear title for their homes; and when it comes times to sell those homes, many Americans may find themselves unable to do so.

Due to the complicated nature of this foreclosure scandal, it is imperative that homeowners facing foreclosure or that have been evicted from their home, seek sound legal advice and counsel. KALIS & KLEIMAN, P.A. are recognized and experienced Real Estate, Foreclosure Defense, Bankruptcy, and Commercial Litigation attorneys. neal R. Kalis, M. Scott Kleiman and Edward Paez pride themselves on not just being lawyers, but being lawyers and trusted counselors. The firm's personal attention to its clients' needs and desired results produces a customized approach that this firm delivers to each case. Neal and Scott are AV-rated, which indicates that an attorney has reached "the height of professional excellence" and is recognized for the "highest skill and integrity." They have more than 50 years of combined experience, and they have participated in thousands of transactions, settlements and trials. KALIS & KLEIMAN will help you through the entire process in order to help you reach an outcome that is the most beneficial to your future. KALIS & KLEIMAN has earned a reputation of legal excellence and a history of successfully managing foreclosure cases.

POST COMMENT

How to Make the Most of Your List of Wells Fargo Foreclosures Elders are Paying the Highest Price for the Foreclosure Crisis A Guide To Avoid Foreclosure Foreclosure Sale Of Strawberry Park Set Foreclosure Hearings In Hillsborough, Florida Open To Everyone. Free Foreclosures Not Available But Deals Are The Process of Foreclosures in Arizona Some Cities Suffering More Foreclosures than Others Three Workarounds To Stop Foreclosure Why Buy Ranch Foreclosures For Sale Competing For Foreclosures In Santa Monica Nevada Supreme Court Considers Foreclosure Mediation Program Changes Appraising San Antonio Foreclosures