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Illegal Bank Foreclosures May Be Initiated By Third Parties


Posted on Apr 01, 2010

April 1, 2010 - Washington, D.C. - Banks and lenders aren't the only ones who can play a decisive role in instituting a wrongful bank foreclosure on an unsuspecting homeowner.

According to Rismedia, uninvolved third parties may be able to record a notice of default on a home loan. Once that is done, they can file a notice of sale, present those documents at a court, and receive an unlawful detainer. In other words, even homeowners who are up-to-date on their payments may be at risk of illegal foreclosure from unknown third parties.

Unfortunately, there is no sufficient review process in place and unless the borrower puts up a fight and takes legal action, a home could be taken right out from under a homeowner who has no delinquent payments.

In an overburdened legal system, many homeowners aren't being given a fair shake, which is unfathomable, as no one should be subjected to the inconvenience and indignity of having their property taken away illegally.

It's no wonder that wrongful foreclosure is so prevalent. It is simply too easy for lenders to enact an illegal foreclosure on any borrower they choose.

The Massachusetts wrongful foreclosure attorneys at Phillips & Garcia will fight for your rights in your foreclosure case. We are committed to protecting your best interests and your family's home and helping you collect the damages you need and deserve to move on with your life. Contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620.

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Legal Help for Wrongful Foreclosure and Seizure in Any State.  Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home.  We are licensed in Massachusetts and associate with a qualified attorney in your state.