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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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Subscribe to this list via RSS Blog posts tagged in Lost Homes on 30 year loans
The Housing Bubble Isn’t Finished with You Yet By Nick Hubble • November 27th, 2013 •  The American property market is surging. House prices are on the move once more, with one big city index up 13% year on year. Even building permits hit a five year high. And this time interest rates are so low that people don't just buy houses they won't be able to afford when interest rates go up; they are also buying $1000 taps to put into their unaffordable houses, reports Bloomberg. Banks are forecasting next year's house price gains will only be around half as good. Just 6%. But Reuters reports that it's not all rosy behind the scenes. Home equity lines of credit are seeing increasing defaults. What's a 'home equity line of credit'? It's money you borrow against the equity in your home. So a second mortgage on the same house It turns out that many Americans used these loans...
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