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Reader comment on:
Council Seeks Regulation of Debt Collectors

Submitted by Barbara Ann Jackson, Dec 20, 2007 00:16

FREDDIE MAC and WELLS FARGO needlessly pay DEBT COLLECTORS to outmaneuver –and even persecute people who file court proceedings in opposition to fraudulent collections and foreclosures. Also, in lawsuits for "Unfair Debt Collection" damages, collectors get to make even more $$ via litigation, along with co-conspirators who enjoy pieces of the foreclosure pie.

Moreover, Debt Collectors' WHITE COLLAR Crimes of FORECLOSURE FRAUD enables MORTGAGE LENDERS to ILLEGALLY FLIP properties. In my home State, it is HIGHLY COMMON for a DEBT COLLECTOR attorney to file a foreclosure: (i) in the name of a DEFUNCT mortgage company;(ii) in the name of a mortgage company which is NO LONGER holder of the security interest (the promissory note); or (iii) file a foreclosure and AFFIX a "ransom" amount (the collector's fee) far exceeding what the promissory note "Acceleration Clause" authorizes. Despite a property owner's entitlement to Challenge CONTRARY-TO-LAW loss of his / her home, most property owners LACK consumer and legal knowledge; the Court System is REFRACTORY; and there are limited attorneys with acumen to pursue Consumer Law. *Log on to www.lawgrace.org to SEE undeniable PROOF of how they use the judicial system to accomplish these illegal acts.

-Barbara Ann Jackson
www.lawgrace.org


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Other reader comments on this article

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FREDDIE MAC and WELLS FARGO needlessly pay DEBT COLLECTORS to outmaneuver –and even persecute people who file court proceedings in...

Barbara Ann Jackson

Dec 20, 2007 00:16

It is apparent that a parallel to control needs is that lawyers stop their money grabbing, as in elderly exploitation... [MORE]

Peter Anthony Reale, Ed.S.

Dec 13, 2007 18:56

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