Bill Butler | FORECLOSURE FRAUD | by DinSFLA

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US Foreclosure Fraud in a Nutshell, How Average Joe’s Home Was Stolen

US Foreclosure Fraud in a Nutshell, How Average Joe’s Home Was Stolen


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Bill Butler writes: The untold story in the foreclosure crisis unfolding across America is that, following a foreclosure perpetrated by one of the October 2008 Bailout Banks (e.g. Bank of America, Citibank, JPMorgan, Wells Fargo) Fannie Mae or Freddie Mac suddenly appear as the record owner of Average Joe’s home. These federal government sponsored entities then go into local housing court and get a court order authorizing them to evict Joe. If Joe resists, these supposedly charitable institutions obtain a writ ordering the local sheriff to forcibly remove Joe from his home.

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