Pierre City, Florida (PressExposure) April 25, 2011 -- GoFightForeclosure.com an online website used to promote the Go Fight Foreclosure System today announced that homeowners facing foreclosures can achieve David and Goliath outcomes. Citing that large banks have a major problem on their hands when it comes to flaws with securitization of documents necessary to carryout foreclosures.
Kyle Ransom a former mortgage broker created the Go Fight Foreclosure System because he wanted to give homeowners fighting foreclosures important industry knowledge about how mortgages worked. He found that most people no matter their backgrounds or level of education really did not understand the mortgage process despite being mortgage borrowers. Revealing this lack of knowledge limited homeowners from knowing if foreclosures were wrongful and prevented them from challenging bank foreclosures. The Go Fight Foreclosure System serves as a self help guide to educate homeowners on how-to detect wrongful foreclosures and foreclosure defenses.
"Transfers of mortgage assignments used by banks to represent ownership are void when securitization is improper because the bank is not a true holder in due course. The bank must be in possession of the original mortgage note that is not a copy and also the chain of title for securitization must be exact," stated Kyle Ransom.
Continuing Ransom says when a loan is originated a mortgage note is produced and knowing what to look for inside the mortgage note is a solution to take down the Goliath big banks. Expressing the mortgage note details are very important because most of the loans in danger of foreclosures were held in securitized trusts. Impacting the chain of title and order of mortgage documentation.
He feels that when a homeowner challenges a big bank on their authority to foreclose concerning improper securitization they start out as a small David. However, learning how to detect wrongful foreclosures and improper mortgage securitization force banks to work with homeowners. Which mortgage borrowers are able to use as powerful stop foreclosure tactics.
Need help with a foreclosure crisis? For more information please visit http://GoFightForeclosure.com