CREDITWRENCH and the law
Wednesday, February 16, 2005
Uncle Normie makes the next outrageous declarations.
On one of his credit repair blogs, CREDITWRENCH CEO Bill Bauer claims that because of his knowledge to vacate a judgment he would never have to worry about having a foreclosure on his house.....again.
Not so if he planned on buying a home in Oklahoma. Oklahoma is a nonjudical foreclosure state. That means when you buy a home there you execute a power of sale when you sign the mortgage note. If you default on the mortgage, the mortgage company can foreclose on your home without ever even going into a court room. There is no judgment, therefore no judgment to vacate.
Real funny that none of the mortgage companies seem to know about that little trick. It is also funny that 5 different mortgage lenders in Oklahoma has said that Normie is wrong and so have 3 state senators, all of them attorneys. Yes, I actually did call up that many just to be able to prove him to be either right or wrong. All of them said that Normie's information is false and misleading. The Oklahoma County Sheriff also says that he is wrong. I just happen to know John Whetsel, Sheriff of Oklahoma County and he says Normie is full of crap too.
Now who are we going to believe, 5 professional mortgage lenders, 3 state senators and the Sheriff of Oklahoma County or a lying braying jackass?
The rest of his brayings are all just as false and misleading.
Uncle Normie makes the next outrageous declarations.
On one of his credit repair blogs, CREDITWRENCH CEO Bill Bauer claims that because of his knowledge to vacate a judgment he would never have to worry about having a foreclosure on his house.....again.
Not so if he planned on buying a home in Oklahoma. Oklahoma is a nonjudical foreclosure state. That means when you buy a home there you execute a power of sale when you sign the mortgage note. If you default on the mortgage, the mortgage company can foreclose on your home without ever even going into a court room. There is no judgment, therefore no judgment to vacate.
Real funny that none of the mortgage companies seem to know about that little trick. It is also funny that 5 different mortgage lenders in Oklahoma has said that Normie is wrong and so have 3 state senators, all of them attorneys. Yes, I actually did call up that many just to be able to prove him to be either right or wrong. All of them said that Normie's information is false and misleading. The Oklahoma County Sheriff also says that he is wrong. I just happen to know John Whetsel, Sheriff of Oklahoma County and he says Normie is full of crap too.
Now who are we going to believe, 5 professional mortgage lenders, 3 state senators and the Sheriff of Oklahoma County or a lying braying jackass?
The rest of his brayings are all just as false and misleading.
posted by Creditwrench @ 2:21 PM
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