Discussion on froeclosure fraud.

[Mike Sedlacek]

It seems to me that a bank foreclosure on a persons home is nothing more that a bank rip off destroying a families life. Think about this - When a bank offers a home buyer money to purchase a home and the deal goes thru, the bank turns that mortgage document into a copyrighted instrument as a derivative which they sell multiple times. As an example a $500,000 mortgage gets sold so many times that it brings in to the bank an amount of $93,000,000. Not to mention the mortgage insurance for default. This leads me to believe that the mortgage has been paid and the home owner no long is liable for the debt. 

 Does anyone have an opinion?