Juicy Estates: Mortgage Blog

Stop Any Foreclosure With A “Land Patent”!

“Yes you too can purchase a land patent and declare your home a sovereign country thus stopping any lender from foreclosing on your home for any reason”.

At least that is what a group of San Diego con-men (or con-persons if you prefer) would have you believe.  Incredibly the crooks were able to convince 17 homeowners that the scheme would actually work, so now not only are the homeowners in foreclosure but that are out tens of thousands of dollars as well.

Of course we have all seen different versions of similar schemes here locally in Miami.  Many of you may have noticed the signs nailed to telephone polls or stuck in the ground on the side of the road which proclaim “Delay Foreclosure For Up To One Year” or some variation thereof.

It’s actually fairly simple, don’t make the payments on your mortgage and you will be foreclosed on, end of the story.  If anyone tells you any thing different my advice would be to call your attorney or you might end up the victim of a foreclosure scam.  

 

See original land patent story on MercuryNews.com

This entry was posted on Wednesday, January 14th, 2009 at 10:06 pm and is filed under Home, Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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