https://4closurefraud.org/2013/11/14/here-it-comes-again-home-equity-lines-and-interest-only-firsts-due-for-reset-may-be-looming-financial-disaster/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Tue, 02 Dec 2025 15:35:54 +0000 hourly 1 https://wordpress.org/?v=7.0.4 https://4closurefraud.org/2013/11/14/here-it-comes-again-home-equity-lines-and-interest-only-firsts-due-for-reset-may-be-looming-financial-disaster/#comment-429377 Fri, 15 Nov 2013 01:43:50 +0000 https://4closurefraud.org/?p=60748#comment-429377 Welcome to the second wave of foreclosures….and the banksters will reap the benefits while taking out the middle class. Here comes the renters….

]]> https://4closurefraud.org/2013/11/14/here-it-comes-again-home-equity-lines-and-interest-only-firsts-due-for-reset-may-be-looming-financial-disaster/#comment-429322 Thu, 14 Nov 2013 15:26:52 +0000 https://4closurefraud.org/?p=60748#comment-429322 Oh, give me a break! The lender will ultimately file a claim with Fannie or Freddie or even one of the government entities (FAH/VA) and get repaid the full balance. Even some 2nd mortgages are insured by Fannie/Freddie. And even so, the servicer on behalf of the lender will still pursue foreclosure just as a means of collecting all those inflated fees. Technically, when the lender is paid via one of the investors (Fannie, Freddie, FHA or VA) then how is it that they can still proceed with a foreclosure? Again, those investors can’t initiate a foreclosure because they are NOT lenders, at least in states where there isn’t a trustee. Why is it that the consumer can never get a paper trail of the payment (payoff) of these defaulted loans via the investor. This whole system is so convoluted………a big hole for the lenders to practice fraud!

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