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MORTGAGE
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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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Dear members It really disturbs me to see how many younger people with families are coming to the site. I know there was no age barrier as long as you had a mortgage and a bit of equity in the home for the banksters agents to target us. Our dodgy broker( A former bankster employee) went it alone once he realised how much money could be made by being the bankster front man. In hindsight the thing that annoys me is a large proportion of the borrowers worked menial jobs in a poultry processing plant on base wages and never entertained the thought of investing because they thought it was beyond their means. Our broker had an ace up his sleeve, he had an insider who knew everybody inside the plant and she did the initial spruiking to convince people they could invest. Of course she was getting commission on everyone...
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Australian Major Banks are running 80% of the Mortgage Frauds across the nation.  Bank Engineers do so via the use of a service calculator named SPEEDY and, all loans are approved by SKIPPY THE COMPUTER.  Firstly, the best interest rate is a possible trick.  It could be a "Honeymoon" Rate.  Demand to take the contract home to read before you sign the Loan Application Form ("LAF"). Ask your own lawyer to read and explain the bank's contract to you before you sign the Loan Application.  That will give you some protection.  Never trust the bank's lawyers.....they draw up the contract.  Do not trust these lawyers.  Seek independent legal advice.  Ask whether the document contains the right of the bank to vary the interest rate and is their a cap on rate hikes?  Is the initial rate a Honeymoon Rate? Modify the contract and take back to the Bank and suggest: "I...
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  • doyla66
    doyla66 says #
    Never ever trust a bank. They have proven to be liars and thieves. They have set up thousands of innocent unsuspecting hard workin
  • doyla66
    doyla66 says #
    Everything Denise say is true. IT'S A TRAP RUN! The banks are corrupt, they are thieves with no conscience.
  • doyla66
    doyla66 says #
    There’s no red flag screaming ‘marketeer’ to avoid the new "Storm" thru brokers raking $50,000 'advising' clients to buy property
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