Foreclosure Defense Guidebook: An EASY to Understand Guide to Saving Your Home From Foreclosure.
Language: English
Published by CreateSpace Independent Publishing Platform, 2011
- Softcover
- Used
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- Title
- Foreclosure Defense Guidebook: An EASY to Understand Guide to Saving Your Home From Foreclosure.
- Author
- Khan, Vince
- Publisher
- CreateSpace Independent Publishing Platform
- Publication year
- 2011
- Condition
- very_good
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 145647006X
- ISBN 13
- 9781456470067
In this EASY to read, EASY to follow guide, we show you how to defend your home from foreclosure written in plain English without the legalese. Discover the shocking truth behind foreclosure fraud that banks don't want you to know. Over 85% of subprime loans in the US have been securitized in the last 10 years. This means, chances are, your loan is too. And if your loan has been securitized, then your bank does not own your loan and, therefore, does not have the authority to foreclose on your home -- yet they do this every single day because they rely on your ignorance. Banks are literally stealing thousands of homes every day and kicking families to the curb through deceit and fraud. This books lays out the fraud that is being committed by the banking industry to steal billions of dollars from the American public in easy to understand plain English. This book provides shows you how the fraud is being perpetrated and provides you step by step instructions to help you put up a viable defense against foreclosure fraud. Put up a fight and stay in your home. This book shows you how! Here is what others have said about this book: Wow! This is amazing—and outrageous! It was very easy to read and understand. Thank you Vince for bringing this truth out. And for your humanitarian and courageous stand to keep people from losing their homes to corrupt predator lenders! Cindy W(online comment) Thank you for the serious amount of work put into this book. I seriously believe that this type of information provided free to the people is one of the hallmarks of truth. Another hallmark of truth is simplicity. I’m sure you know from experience the convoluted path you had to follow to unwind the web of deceit woven by the banks to conceal this fraud being perpetrated since the repeal of Glass/Steagall. The book is simple, easy to read, and easy to understand. Mark (online comment) Absolutely phenomenal reading! I have passed this info on to everyone that I can think of! This is the kind of educational material that has the ability to really change things in this country and beyond! James - Mississippi I got the book last Tuesday and I went through it twice…lots of information and well put together. Thank you for all of the hard and time consuming work you have put into educating homeowners. … Thanks again for the great information you have provided. Take care and may God bless you always. Patricia Y - California We are very happy to have a guide book to have as a reference to this subject. It is very tricky. We have been fighting for our home and cannot believe how the average person does not know this stuff! May God bless you and your team for what you are doing to help others. We have forwarded this book to everyone we know and have asked them to pass it along to their friends and family…It is important information that everyone needs to know… Once again, thank you from the bottom of our hearts! Jeff K Thank you for the book. It was very well written and easy to understand. I am a legal researcher and paralegal and although I am comfortable with reading statutes and case law, I realize many are not. This book also clearly lays out the point by point bread trail that the banks have done with the note through the securitization process. WOW!!! Frank (online comment) Opened it, read it, and am absolutely blown away! Tom (online comment) I couldn’t stop reading. What a wonderful resource that is an easy read & easy for everyone to understand. This book is so timely and helpful to all of us in a tough spot these days. The book really broke things down in layman terms. Thanks again for providing this for us. Bridget (online comment)
"Synopsis" may belong to another edition of this title.
From the Inside Flap
Help, I am Facing Foreclosure.
Knock, knock came the noise from the front door. I gingerly opened the door to find my postman handing me an envelope requiring my signature. It was for certified mail.
It was a Notice of Default from my servicer. It felt as if someone had physically punched me in the gut and I felt like vomiting. Intellectually, I knew this moment would arrive, but yet I cannot help the way I feel.
I couldn't even get myself to finish reading the rest of the document before I tossed it on my desk and crawled into bed and cried.
As a grown man, I cannot recall when the last time I cried. I've been conditioned to "be a man" and not to break under pressure. But despite it all, I cried. Somehow, I wish that someone would come and tell me everything is going to be OK, just like my mother did when I was a little boy. Unfortunately, nobody could. Because nobody understands what I am going through. It's hard to "keep it together" when your whole world is falling apart around you.
My name is Vince Khan. This is my story.
I made a lot of money around 2002-2004. I made enough money to retire for the rest of my life. With that money, I invested in a number of properties, partly as a way to park my money and partly as a way to make a little money investing in real estate.
In 2009 I started another business that required a lot of startup capital. Things didn't turn out as I had planned. I had invested all my money into the venture but it was not enough. I needed more money. In 2010, I made a decision to stop paying the mortgage for 4 of my investment properties to feed my new start up, in the hopes that eventually, my startup would turn around and I would then have enough money to pay back the bank.
I was wrong. My startup failed and I lost everything and was heavily in debt to boot.
So, like millions of people around the country, I was facing foreclosure.
Two months after I stopped making payments, I started looking at my options. I could either do a short sale (meaning I could sell the property for what is owed) or just hold onto the properties for as long as possible before they foreclose on me. Or I could put up a fight.
I chose to fight.
To be honest, I was just as ignorant as everyone else who was going through a default. I borrowed the money. Now, for one reason or another, I couldn't pay. So, I was lead to believe that the bank was entitled to foreclose on my houses and repossess them.
I was wrong.
It was at that time that I started learning about bank fraud. At first, I was skeptical but I kept an open mind. As I dug deeper into this issue, it became clear that there was more than meets the eye. In fact, I discovered that banks have sold mortgages onto Wall Street as what's called "mortgage backed securities" (MBS). At first, I did not know what that meant. My thoughts were, "so what?"
As I studied this issue deeper, I came to realize that banks were actually committing some very clever schemes to steal people's homes without the proper "standing" to do so.
You see, once a bank has sold a promissory note as a MBS, it no longer owns the note. And if it does not own the note, it does not have the right (or standing) to foreclose.
But they do this every single day, because they rely on our ignorance. They rely on your ignorance. They rely on the judge's ignorance and they even rely on their own lawyer's ignorance to pull this scheme off.
On one side, we have a growing population of people living in tent cities without running water, without toilets or other things you and I take for granted.
At the other end of the spectrum, we have bank executives getting multi-million dollar bonuses for how quickly they can foreclose people's homes (without having any actual legal authority to do so).
Not only that, these bank executives have received TRILLIONS of taxpayer money from TARP (the Troubled Asset Relief Program) to pretty much do as they see fit. You know, buy up smaller banks, buy executive jets, go to Bahamas for exotic retreats and other wonderful ways to spend the handouts from our government.
This got me mad.
But most frustrating of all, I discovered that as a homeowner, my choices were very limited.
Firstly, even if I took the time to learn about this fraud, so what? How does this have to do with saving my houses from foreclosure? I am not a lawyer. I am too poor to afford one, and even if I had $25,000 to retain one, there was no assurance of success.
Secondly, I don't know enough about the law to put up a viable defense. I'm just your average computer geek. I don't know anything about the law. I don't have the time or the mental energy to learn to be a lawyer to put up a defense.
Thirdly, there was very limited information available for homeowners to learn about this stuff. Even if one has the time, it would take a full time occupation to figure all this stuff out at the best of times (ie. When one is not suffering from crippling depression when one's world is falling apart).
Fourthly, very few attorneys even know about this stuff. There wasn't really anyone I could go to learn this information.
The odds were just stacked against me.
Faced with insurmountable adversity, I was faced with a decision; to give up or to go down fighting.
My father told me a story about how Japan won so many battles in Asia (they took over almost all of Asia before America dropped the bombs). He said that unlike other armies, the Japanese doctrine was "death before dishonor". The concept of surrender or retreat was the lowest of shame for a Japanese soldier. When they landed their troops into a battle, the Japanese would tell their soldiers that the only way they would go home was to either win, or return in a body bag. There was no retreat. As a result, the Japanese soldiers fought like their lives depended on it, because it literally was.
For me, this was the doctrine in which I lived my life. I either succeed in what I do or I die trying. As Master Yoda said in "The Empire Strikes Back", "do or do not, there is a try."
So, study I did.
I committed to doing whatever it takes to put up a fight and win.
I started to challenge the bank using the processes outlined in this book, and to cut a long story short, I managed to compel the bank to issue a Rescission of the Notice of Default on my property.
Essentially, this means that the bank cannot foreclose on my house and it is currently in limbo.
As of the time of writing, I am in the process of filing a civil action called a "Quiet Title Action" to remove the lien on the house. You can read more about the progress of this on my website at consumerdefenseprograms.com.
As I learned more about this subject, it occurred to me that millions of other people around the world were going through the same problems I was going through. The biggest issue faced by distressed homeowners was that there was no easy to understand, easy to follow materials available to the average homeowner to put up a fight against lender fraud.
With this in mind, I put together a blog online to help homeowners. All the sudden, my site got bombarded with so many people wanting to know more about what I've discovered. Everyone started to ask me questions; everyone wanted me to help them with their situation.
"About the title" may belong to another edition of this title.
Zoom Books Company
Lynden, WA, U.S.A.
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AbeBooks seller since December 19, 2022
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