As long as there is force placed insurance, the banks will force as many of those loans into default as possible to collect that insurance payout!
The first time around they had PMI (Private Mortgage Insurance for loans with low down payments. Anything 20% or less had to have that PMI.
Now they have added a new one for borrowers that put 20% or more for a down payment called MIP (Mortgage Insurance Premium)
Basically the same scam and they just moved the letters around!
(Since the homeowners are paying the premiums for that force placed insurance, why can’t they benefit from that insurance instead if something causes them some form of financial hardship? If that force placed insurance was removed from the banksters to collect, the motivation to force foreclosures would stop!)

I went through this fraudclosure BS back in 2011, and after I got into a better financial position, they still forced the foreclosure to get that PMI payout.
I tried to bring my account current, but they denied to accept payment, and I could have paid my loan off in full, but that was also denied.
They made more money by forcing the foreclosure, collecting the 80% insurance payout from the government, and then reselling the house at 50% less of what I owed.
So there was no way they were going to help me stay in my home.
IT’S ALL ABOUT THE MONEY AND HOW MUCH THEY CAN STEAL!!!

They have the power of the corrupt courts backing them, who can block any offers you may have going on with the bank.
After I was denied the right to pay off my loan, Chase offered to do a Deed in Lieu of Foreclosure with a cash incentive.
My lawyer said that was blocked by the court, and in court on the last day, they said my lawyer quit! So I lost another $1,500 for hiring another lawyer!

They also have the power to change your locks, “WITHOUT A COURT ORDER”, before the foreclosure is completed. So if you are in the process of moving, because they have blocked every effort you have made to keep your house, you might want to hire a security guard to watch your property. Otherwise you will lose your personal property too!

Even with the help from the Court Recorder supplying people with documents that proved the fraud, because he wanted the theft stopped too, that didn’t help!

They will NOT inform you of upcoming court dates to try to steal your home on default by NOT having you show up in court.

The modification scam is just a delay tactic until they can fit you into their court schedule!

The document viewing room says that it is a Class 4 Felony for document tampering, but that doesn’t apply to lawyers. Keep an eye on your file before and after the foreclosure.
You will most likely see a large amount of documents added to your file afterwards, that you were supposed to have received, but they failed to send them to you.

Anything you bring to present in court will be denied and the judge will say that “it is past the discovery phase”, so you basically have no defense at all.

Even with me repeatedly asking them who owned my loan, since they kept stating that Chase Bank sold my loan, but they said that they had no idea who owned it.
So how could they foreclose on something they had no idea of who owned the loan?
They still did because it was a total scam from day one when the loan was issued.
Where was the Chain of Title?
Also the Court Recorder provided me with the documents that showed that all documents went back to Chase Bank, who supposedly didn’t own the loan anymore!
SOLID PROOF OF THE FRAUD COMMITTED BY CHASE BANK!!!

You can file as many complaints as you want, but nothing will be done to stop the theft!
Law enforcement only protects the wealthy corrupt and you will lose!!!
If you file complaints against the judge, he will probably call you from his cell phone, like he did when he called me, and ask you why everyone is filing complaints against him.
Isn’t it illegal for a judge to contact anyone that has a case in his courtroom?
Apparently not! They are above all laws!!!
I also understand that he retired about a year later a very wealthy man from all the kickbacks he received to force the fraudclosures through his courtroom.
Nothing will happen to him because he is above all laws!!!

The best you can probably do is receive an “IN REM” Foreclosure, which they say is against the property only and not you personally.
They do that to supposedly give people a break, who could have brought their accounts current or paid off their loans in full.
It may also wipe out the deficiency, and it doesn’t show on your credit report, and it basically shows as never happening.

And if people do more investigating, they will find that most of those loans were VOID to begin with. It was all a huge scam before the scam!
Why do you think the TOO BIG TO FAIL AND TOO BIG TO JAIL banks were bailed out?
If they were allowed to fail, their scam would have been exposed a long time ago!
Actually people have said that what has occurred is DOMESTIC FINANCIAL TERRORISM.
And we’re supposed to worry about foreign terrorists?

Wake up people!!!