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BFCSA
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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Subscribe to this list via RSS Blog posts tagged in Mortgage Defaults
Monday 3 February 2014 by John McManus   IRISH TIMES  "Scale of Irish Mortgage Defaults Unprecedented." The revelation that five years into the downturn three-quarters of the people behind on their mortgage payments actually have jobs comes as a surprise. It shouldn’t, but it does. It is also quite scary as most of us soldier on under the assumption that if we can hang on to our jobs we will keep a roof over our heads.  It is a further reminder of a fact we have perhaps lost sight of: the scale of the Irish mortgage default is unprecedented. Nothing really like it has happened anywhere before. It is a lot of people. Roughly speaking, about one in five of the 800,000 residential mortgages in the Irish market is in default. That is 160,000 mortgages and even when you allow for buy-to-let mortgages and multiple mortgages it’s still hard to avoid the...
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YES Gadens are bullies and if we had a Royal Commission into our Banks, as is desperately needed (if we are to control bad banking behaviour as happened in every other democratic country) Gadens would be called in to answer 12 months of questioning as to whether they were the masterminds of the Low Doc Scam.  Its a question that every consumer of a mortgage loan in Australia, Full Docs, Low Docs or No Docs has a right to ask.   In our experience, Gadens hand-prints are everywhere.  The Law Societies in each State and indeed The Law Council of Australia should be investigating Gadens for their roll in arranging the lion's share of toxic mortgages in Australia.  The Judiciary in each State, speak amongst themselves and they see trends that are as unpalatable as we have uncovered.  Not that ASIC sees anything wrong.   ASIC permit one person to be...
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  • doyla66
    doyla66 says #
    I'm so looking forward to seeing Gadens hung out to dry by some good lawyer in a public arena. Their "advice" to Banks has been i
  • doyla66
    doyla66 says #
    I have previously dealt with the Law Council and found them to be very protective of their members as the banks, fos etc are. Nev
  • doyla66
    doyla66 says #
    I think that most of us have had a lot of stress dealing with Gadens as they are everywhere and act for many banks. Great idea fro
  • doyla66
    doyla66 says #
    Gadens are low life and during the Royal Commission they will be exposed with their deceit, distain and corrupt methods. Up to the
  • doyla66
    doyla66 says #
    Gadens NEVER move without instructions -express/tacit- same as Theresa Gadens threw my pregnant tenant out without Court Order so
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From my home town of Bristol.   Faisal Islam has written a tell all book on the WORLD banking industry and bad Government decisions geared to leave people homeless.  "THE DEFAULT LINE" "No," he gently chided. "The most dangerous financial product in the world, is the mortgage."  Yes indeed:  A MUST Read  article for everyone that has a mortgage - and particularly a fraudulent one - which is most of our readers. Home ownership: how the property dream turned into a nightmare In this exclusive extract from his book, The Default Line, the economics editor for Channel 4 News traces the origins of the housing bubble and argues that we're condemning a whole generation to paying absurd prices for what is a basic human need – and it doesn't have to be this wayTo watch an exclusive video interview with Faisal Islam click here Duration 8 mins 44 sec   Faisal Islam The Observer, Sunday 18 August...
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