Monday, February 22, 2016

Central Florida Homeowner On Beating Standing-Lacking, Foreclosing Bankster: "I Haven’t Gotten A Phone Call Or Foreclosure Notice In Years!"

In Central Florida, WKMG-TV Channel 6 reports:
  • A handful of Central Florida homeowners have defied the odds doing what most people only dream of: they walked away from their mortgage.

    Audrey Sterling battled foreclosure for 8 years first filing bankruptcy then challenging the fifth lender to hold her mortgage, Nationstar Bank, to produce the “original promissory note.”

    I haven’t gotten a phone call or foreclosure notice in years," she said.

    Sterling says the bank couldn’t prove they had a right or “standing” to collect on the mortgage because they couldn’t produce the signed note. It was never assigned from the previous lender.

    Under Florida Statute 702.015 the lender must produce the “original note” or “promissory note” not a copy.

    While banks will fight and appeal that strategy for years those consumers willing to endure the emotional toll could end up like Sterling living in the place she’s called home for the last 10 years with no monthly mortgage and no debt collectors at her door.

    “Once you learn the system and what they’re doing it makes sense, and that’s how I learned how to get them.”
For more, see Homeowners become mortgage-free for life (Local homeowners beat the banks on technicality).