Top Secrets Big Banks Are Hiding About Foreclosure Crisis

Nov. 24, 2010 - PRLog -- (Atlanta, Georgia) -- Go Fight Foreclosure System (http://GoFightForeclosure.com), the leading foreclosure defense training today announced to reveal top secrets big banks are hiding about foreclosures. Citing that paperwork documentation is only part of the foreclosure problem and large banks are hiding wrongful foreclosure processing secrets.

http://gofightforeclosure.com/blog/2010/06/4-ways-banks-carryout-wrongful-foreclosure/

According to Kyle Ransom, CEO of Ultisky, Inc owner of GoFightForeclosure.com  if distressed homeowners understood foreclosure procedures they could challenge bank foreclosures and easily win. He feels the big issue is that homeowners don’t contest the bank’s authority to foreclose on them. Stressing foreclosure laws require that mortgage lenders must be in possession of the original mortgage note to carryout foreclosures.

“One of the biggest secrets that big banks hide is concealing information about missing and intervening mortgage assignments. If banks disclosed this information it proves that they have no authority to foreclosure because of lack of standing in relations to being a holder in due course,” stated Kyle Ransom.

Continuing Ransom says that the majority of loans that are the focal of the foreclosure crisis were held in securitized trusts. He reveals that these loans were transferred and sold many times but often forensic review show that no additional mortgage assignments were recorded before bank foreclosures.

This Black Friday on November 26th, 2010 the Go Fight Foreclosure System will be offered at a special promotional low rate never presented to the public before. Including a one-time only early bird special.

To find out more information please visit:

http://gofightforeclosure.com/my-new-home-page/go-fight-f...

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The Go Fight Foreclosure System™ provides homeowners in foreclosure situations the resources needed to fight foreclosure sales at the last minute. To learn more about the system please visit http://GoFightForeclosure.com .