My recent book, Mortgage Wars: How You Can Fight Fraud and Reverse Foreclosure predicted that those homeowners victimized by predatory lenders would fight back and win the war against foreclosure. Now, it is happening.
The opportunity for a complete transformation of the global financial services industry is upon us. The halting of recent foreclosures due to sloppy paperwork is just the tip of the iceberg. Ultimately, it will be discovered that the holders of mortgage backed securities have no legal link to the mortgages that secured them due to more sloppy paperwork. This will result in an avalanche of legal proceedings from both homeowners and investors.
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