https://4closurefraud.org/2010/01/28/lenders-pursue-mortgage-payoffs-long-after-homeowners-default/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Wed, 03 Dec 2025 15:11:05 +0000 hourly 1 https://wordpress.org/?v=7.0.3 https://4closurefraud.org/2010/01/28/lenders-pursue-mortgage-payoffs-long-after-homeowners-default/#comment-447379 Sat, 26 Jul 2014 10:34:31 +0000 https://4closurefraud.org/?p=1385#comment-447379 Unbelievable, the banks have no skin in the game and now they are sinking to new low going after the homeowner on a deficiency judgement. The banks use fractional banking in which all they are doing is creating money from nothing because they can. A customer can deposit $100,000 in the bank and that bank can now loan out 10 times that much just by punching digits in a computer. How are they getting away with deficiency judgements when they have none of their own funds in any of the loans. They are creating money out of thin air which should prevent them from being a beneficiary to any foreclosure deficiency. This government is out to destroy the hard working people of America. You can’t deprive people of a lively hood because they will be so demotivated to work for the sole purpose of paying bank and government debt that they will either leave the country, go on welfare or disability or do anything to avoid this miscarriage of justice.

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