Quantum of Justice - The Fraud of Foreclosure and the Illegal Securitization of Notes by Wall Street (Paperback)
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Follow real estate developer/investor, Douglas Boggs', own "David and Goliath" story, where he acted as his own attorney against Wells Fargo Bank for fraud. Doug clearly exposes the depth of fraud in the foreclosure system, failures of the justice system, corruption of Wall Street and the illegalities of the Securitization of notes by Wall Street.
Boggs sheds light as how a homeowner with no mortgage, one current on their mortgage, or one who paid cash for their home, can still get foreclosed on; how there is over an 80% chance any financial institution foreclosing has no legal right to do so; how those institutions that collect your money for the mortgage have no right to do so; and how Wall Street and the financial institutions illegally collect trillions of dollars from mortgages they hold no right to receive. Despite all of this, the United States government, or the taxpayers, bailed these same banks out and continue to do so to this day.
If you think you own your home, you need to read this book. If you are refinancing a property, you need to read this book. If you are or have ever been in a foreclosure proceeding, you need to read this book.
You will never look at the world of real estate the same ever again.