Posted by 4closureFraud on July 28, 2010 · Leave a Comment
From: 83jjmack Let’s not forget about promissory fraud. Homeowners were promised many things during the loan origination process that never materialized. Promissory fraud permits the recovery of punitive damages and allows for the avoidance of procedural bars such as Statute of Frauds and parol evidence rule. Promissory fraud can also give rise to criminal liability. … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bank fraud, cdo, cds, criminal, fight the banks, foreclosure, Foreclosure Fraud, FRAUD IN THE EXECUTION, FRAUD IN THE INDUCEMENT, lies, livinglies, MERS, mortgage electronic registration system, predatory lending, Promissory Fraud, securities fraud, wall street fraud
