AXJ and AAF to meet with President Trump and discuss emergency Foreclosure Moratorium
U.S. Senator Tim Scott of South Carolina
U.S. Senate (.gov)https://www.scott.senate.gov
1901 Main Street Suite 1425 Columbia, SC 29201 Phone: (803) 771-6112 Fax: (855) 802-9355
Erdley Wright Jr.
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Hi All, I was just introduced to this Facebook Group ( Actions for Justice and Americans Against Foreclosures ) tonight by Carol Rothermel and am pleased to join in the fight against unjust Foreclosures! I work in the U.S. Senate and am working on bringing this to the attention of the U.S. Senate Judiciary Committee via Senators Thom Tillis (North Carolina) and the Banking Committee via Tim Scott (South Carolina). The reason for targeting this Committee is because it seems some judges and lawyers have colluded to steal equity in homes from seniors, women, and other vulnerable homeowners. In addition, I’m aiming for these Senators because Tillis is on the Judiciary Committee and I’ve worked with his office in the past while I actually met Tim Scott, who now chairs the Banking Committee, several years ago in New York City. If you have any news articles about your Foreclosure Nightmare Story or those of family and friends, please put them in comments below. I need to submit them to these Senators to review.
Fannie Mae reported that the Single-Family serious delinquency rate in January was 0.57%, up from 0.56% in December. The serious delinquency rate is up year-over-year from 0.54% in January 2024, however, this is below the pre-pandemic lows of 0.65%.
The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59% following the housing bubble and peaked at 3.32% in August 2020 during the pandemic.
https://www.calculatedriskblog.com/2025/03/fannie-and-freddie-single-family.html
The main issue in this Appeal is if #FannieMae misrepresented to the Court that they did not own the loan in 2005, and again in 2016, and breached the contracts, and do #FannieMae#Homeowners have a constitutional right to quiet title?
Regarding the #DitechHoldingCorporation, a prominent mortgage servicer and originator, it filed for bankruptcy under Chapter 11 in February 2019 . During its bankruptcy proceedings, Ditech sold its mortgage servicing rights and loan portfolios, including those insured by #GinnieMae. These sales were conducted free and clear of certain claims, as permitted by the bankruptcy code.
Regarding the dischargeability of mortgage debts in bankruptcy, its important to distinguish between personal liability and the lien on the property. A Chapter 7 bankruptcy discharge eliminates personal liability for debts, but it does not automatically remove liens on property. Creditors may still have the right to foreclose on the property to satisfy the debt. This principle was upheld in a case where the court ruled that a bankruptcy discharge does not automatically accelerate the debt, and the mortgage terms survive bankruptcy, allowing for foreclosure proceedings.
In the context of DiTechs bankruptcy, the company addressed certain borrower claims through its reorganization plan. While some consumer borrower claims were acknowledged, the plan did not provide for monetary damages to borrowers. This approach was part of the broader strategy to resolve claims within the bankruptcy proceedings.
Therefore, if you are a borrower whose mortgage was serviced or originated by #DiTech , its essential to understand that while personal liability for the debt may have been affected by DiTECH INJECTION Groups bankruptcy, the lien on your property likely remains. This means Ditech or its successors may still have the right to foreclose to recover the owed amount. For personalized advice, consulting with a bankruptcy attorney or a legal professional experienced in mortgage law is recommended.
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