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Foreclosure Fraud and Lawsuit against Banks<br />Due to the recent investigations, Bank of America, GMAC Bank, JP Morgan Chase and other banks that launched foreclosure process were sued for loan fraud. Statements of the bank staff show that there was a lawsuit against bank for predatory lending, and which may include the loan documents of millions of homes owned by innocent U.S. owners.<br />In addition, Wells Fargo Bank has also received lawsuit filing for illegal lending practices on innocent and hard working homeowners.<br />This unpleasant and arrogant display of lawlessness by the banks has raise an eyebrow from the Feds and other federal government agencies in the form of civil or criminal investigations as each lawsuit against banks are filed every day.<br />Recently, the generals of Arizona and Nevada filed a civil complaint and lawsuit against bank of America for fraud to the homeowner looking for loan modification.  The government also started the application to study this financial fraud, bank lawsuit and is prepared to prosecute economic crime in the credit and financial markets. It is a matter of time until the bank fraud is proven that this group of political administrators will fix the integrity of the banks, along with the lawyers who represent them.<br />These are basically mortgages that banks knew were not proper. They knew, but were willing to break the law to prey on homeowners to satisfy the insatiable bank greed for more wealth.<br />Despite the clear and convincing evidence in the form of statements from bank employee, commercial banks were performing as if nothing had happened, which results in  federal authorities given the green light to investigate the myriads of cases of lawsuit against bank.<br />Until the Department of Justice decides, the FDIC take criminal action against these banks, the owners have no choice but to implement their own legal strategies available to fight for their home. <br />Since most of these cases involve proving that banks have no legal entitlement to foreclosure because of prior fraud, a homeowner has several legal strategies available to avoid bank lawsuit and fraudulent foreclosure on their home.  One of the most popular strategies in recent times is quot;
produce a demand letter” to reduce the loan payments and interests.  Then it’s time to take legal action and lawsuit against bank.  If you are a homeowner, Consolidated Litigation Group at www.conlitgroup.com is the first step in learning your rights in keeping your home.<br />
Foreclosure fraud and lawsuit against banks

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Foreclosure fraud and lawsuit against banks

  • 1. Foreclosure Fraud and Lawsuit against Banks<br />Due to the recent investigations, Bank of America, GMAC Bank, JP Morgan Chase and other banks that launched foreclosure process were sued for loan fraud. Statements of the bank staff show that there was a lawsuit against bank for predatory lending, and which may include the loan documents of millions of homes owned by innocent U.S. owners.<br />In addition, Wells Fargo Bank has also received lawsuit filing for illegal lending practices on innocent and hard working homeowners.<br />This unpleasant and arrogant display of lawlessness by the banks has raise an eyebrow from the Feds and other federal government agencies in the form of civil or criminal investigations as each lawsuit against banks are filed every day.<br />Recently, the generals of Arizona and Nevada filed a civil complaint and lawsuit against bank of America for fraud to the homeowner looking for loan modification. The government also started the application to study this financial fraud, bank lawsuit and is prepared to prosecute economic crime in the credit and financial markets. It is a matter of time until the bank fraud is proven that this group of political administrators will fix the integrity of the banks, along with the lawyers who represent them.<br />These are basically mortgages that banks knew were not proper. They knew, but were willing to break the law to prey on homeowners to satisfy the insatiable bank greed for more wealth.<br />Despite the clear and convincing evidence in the form of statements from bank employee, commercial banks were performing as if nothing had happened, which results in federal authorities given the green light to investigate the myriads of cases of lawsuit against bank.<br />Until the Department of Justice decides, the FDIC take criminal action against these banks, the owners have no choice but to implement their own legal strategies available to fight for their home. <br />Since most of these cases involve proving that banks have no legal entitlement to foreclosure because of prior fraud, a homeowner has several legal strategies available to avoid bank lawsuit and fraudulent foreclosure on their home. One of the most popular strategies in recent times is quot; produce a demand letter” to reduce the loan payments and interests. Then it’s time to take legal action and lawsuit against bank. If you are a homeowner, Consolidated Litigation Group at www.conlitgroup.com is the first step in learning your rights in keeping your home.<br />