From Gator Bradshaw: New "pretender lender" Tactic — Beware of Attempts to Get Borrowers to Verify Non-Existent Obligation

Fellow travelers,

I just had my first incident and wanted to warn everyone.
New client comes to see me after just being served. Wells (not original lender) sends them a “package” of documents after they are 30 days late telling them all about their efforts to work with them and prevent foreclosure. Enclosed was a letter to be returned to Wells verifying the balance. Of course this may also serve to verify the debt to this new lender. I am going to attack it the same way, but I have a feeling that when I get to court they are going to wave around that letter.
Just wanted to put everyone on notice to watch out for similar letters.

Also, Neil please post a warning on your Blog for folks not to sign anything.

Gator Bradshaw Esq.

Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, rescission, securitization, TILA, trustee, Wells Fargo
Posted in Corruption, Eviction, Modification, securities fraud |