It is happening across the world
Mortgage Robbers Strike The World
Foreclosure fraud is not limited to America. It has and is still spreading across the world. Same games. Same bad guys. Same collusion. Same fraud. Same fight. Join homeowners, prayer warriors, and fearless citizens around the world in praying and standing up for our homes. Help stop this global takeover of private property by standing up for yours. No more signing deeds in lieu of a wrongful foreclosure, agreeing to short sale racketeering scams, hiding from their Gestapo-syle threats of destroying your career or stealing everything you own, accepting their move out moneys out of fear and trepidation of what to do next, officials betraying their own people and homeland by cowering to the demands of the big banks. The truth can set us and all the wrongful foreclosure captives around the world free. Tell your story. One homeowner can make a difference. Help expose the corrupt corporations committing these crimes and the world will have to hold them accountable for what they have done. Do you believe in freedom? Are you willing to stand up for the inalienable rights of man? Are you willing to help stop the wrongful foreclosure of the world? Below are a few stories that tell what has happened to others. There are millions more stories to be shared. They will be added as quickly as possible.
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Spain
Spain Foreclosures Spread to Once Wealthy Mortgages - Bloomberg
According to Carlos Banos, president of Madrid-based AFES,
as many as 400,000 foreclosures have occurred in Spain since the beginning of the housing market’s collapse...Under Spanish law, a bank can pursue a borrower for the difference if a foreclosed property is sold for less than the outstanding mortgage. Lenders can also garner present and future assets and earnings of borrowers and their guarantors, including pay checks and pensions. “These people completely lose their purpose in life. Everything they had or will ever have in the future will go to the bank.”
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Tags: International
Source: http://www.bloomberg.com/news/2012-10-08/spain-foreclosures-spread-to-once-wealthy-mortgages.html
Spaniards Protest High Rate of Foreclosures - Voice of America
In Spain, if the bank forecloses on your home, you are still liable for your mortgage debt. That means people who have lost their homes are saddled with mountains of debt as well. It is a predicament that has happened to more than 300,000 Spaniards since the housing bubble burst in 2008. According to Susan Garcia, "This is a big, big shame. Because people have no houses, and big debt for the rest of their lives. It's like a crime. It's state terrorism.
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Tags: International
Source: http://www.voanews.com/content/spaniards-protest-high-rate-of-foreclosures-debt-126243898/142893.html
Article by Lauren Frayer, July 26, 2011
Spain: Couple commit Suicide Over Foreclosure Fear - NYTimes.com
Spain - Couple Commit Suicide Over Foreclosure Fear - NYTimes.com A
retired married couple committed suicide Tuesday and left a note saying
they were going to lose their home, helping stoke an outcry over Spain’s tough eviction laws...Spain - Couple Commit Suicide Over Foreclosure Fear - NYTimes.com The deaths increased to five the number of suicides linked to mortgage defaults and evictions in recent months as Spain’s financial crisis has deepened and the unemployment rate has reached 26 percent.
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Tags: International
Source: http://www.nytimes.com/2013/02/13/world/europe/spain-couple-commit-suicide-over-foreclosure-fear.html
http://topics.nytimes.com/top/news/international/countriesandterritories/spain/index.html?inline=nyt-geo
Article by The Associated Press, February 12, 2013
In Spain, Homes Are Taken but Debt Stays
Government officials say Spain’s system of personal guarantees saved its banks from the turmoil seen in the United States...It is true that we are living a hangover of a huge real estate binge...And it is true that far too many Spaniards have excessive debt. But we have not seen the problems of the U.S. because the guarantees here are so much better...Spain’s foreclosure procedures tilt far too much in favor of the banks, virtually guaranteeing that mortgage defaulters will end up owing large amounts after they lose their homes. Some Spaniards may never get out of their debts.
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Tags: International
Source: http://www.nytimes.com/2010/10/28/world/europe/28spain.html
Article by Suzanne Daley, October 27, 2010
Greece
Wall Street Helped to Mask Debt Fueling Europe's Crisis - NYTimes.com
As in the American subprime crisis and the implosion of the American International Group, financial derivatives played a role in the run-up of Greek debt. Instruments developed by Goldman Sachs, JPMORGAN CHASE and a wide range of other banks enabled politicians to mask additional borrowing in Greece, Italy and possibly elsewhere...In dozens of deals across the Continent, banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books. Greece, for example, traded away the rights to airport fees and lottery proceeds in years to come. Critics say that such deals, because they are not recorded as loans, mislead investors and regulators about the depth of a country’s liabilities.
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Tags: International
Source: http://www.nytimes.com/2010/02/14/business/global/14debt.html
Article by Louise Story, Landon Thomas Jr, and Nelson D. Schwartz, February 14, 2010
