Paying close attention to Foreclosure-Gate

You've been paying close attention to Foreclosure-Gate,
the scandal of the robo-signers signing "under penalty
of perjury" fake documents, signing documents without
reading the, fake court summonses...

GMAC and now at least one other huge bank are
NOT evicting homeowners, and in most case
NOT prosecuting foreclosure proceedings, because
of this giant fraud.

The whole chain of title we all depend upon has
been tainted, poisoned.

I don't know if you've been one of the Gell-dog's
loyal subscribers since 2007, but if you have been,
you'll be nodding your head.

"No I'm not surprised," you're telling yourself. "Richard
was talking about this in early 2008, about the
fraud in foreclosures and the s**t hitting the fan."

None of this will be a surprise, O Loyal Subscriber o'
mine.

What will happen from here is anyone's guess but
I have two important points to make.

1. First, Congress will get involved at some point
and pass a law that will favor the banks. It will
essentially say "if you acted in good faith then
you have no further liability. Title is quiet. Just
go about your business as before. All cool."

They ALWAYS bail out the banks.

2. The peeps in places like California that use
a NON JUDICIAL foreclosure process -- no doubt
they were BURNED BURNED BURNED.

What are the chances that widescale lender fraud
was only perpetrated against homeowners in
judicial foreclosure states like Florida?

But like my attorney buddy Maz says, in
California challenging a foreclosure requires
preparing EXPENSIVE legal papers for a
temporary restraining order, request for
preliminary injunction, etc. etc., because
you don't GO to court until you file a
LAW SUIT.

So if you are in California or Arizona or
other non-judicial foreclosure states,
you are gonna get SCREWED because you
don't have the recourse that they do in
JUDICIAL states such as Florida.

I'll keep you posted on this. But let's see
what they will do for us who do not
live in a judicial foreclosure state?

Meanwhile, speaking of real estate, I
want you to check out this quick video
I did. It's on a NEW opportunity that
is very important.

It's the equivalent of helping homeowners
stay in their homes.

This is about helping business owners
who are in desperate straits.