Livinglies's Weblog

The worst part is that most homeowners will not even realize that it is a securities brokerage firm that is foreclosing without any right to do so and who probably owes the homeowner money — not the other way around.

You can do your own Google search. What you will discover is that local papers are documenting a substantial rise in “delinquencies”, and most experts are predicting a tsunami of foreclosures in 2021. But the Wall Street banks are peddling fake news, to wit: the foreclosures are at an all-time low.

The banks are pushing that narrative so people will forget that there is a major problem looming over the entire economy — mirroring the displacement and losses of homeowners in the 2008 mortgage meltdown.

While it is technically true that completed foreclosures are low, that is solely because of Federal and state moratoriums in place. What is needed at this point in time, is for everyone to realize that these threats of foreclosure are coming from people who are only interested in profiting from fraudulent transactions with homeowners.

When the leash comes off and the cages are open the Wall Street banks are going to come out. They will be looking at homeowners as though they were food.

The worst part is that most homeowners will not even realize that it is a securities brokerage firm that is foreclosing without any right to do so and who probably owes the homeowner money — not the other way around.

BOTTOM LINE: Get your ducks in a row now when you have the time to think. I know it’s the holiday season coming up and you want to buy presents. But saving your house is infinitely more important and possible.

Filed under: foreclosure |