Sorry the posts have been lite over the last few days all. I will do my best to catch up with them.
Reason being is, as you can see in the title to this post, is because I, 4closureFraud, aka Michael Redman, along with ForeclosureHamlet, have had our presence requested in Washington DC tomorrow Friday Nov 12th 2010 to discuss the Fraudclosure Fraud / Foreclosure Gate crisis and the work we are doing with some of the brightest minds this country has to offer.
I, we, are honored to be able to represent the thousands, if not millions, of voices in this fight to people who can make a change.
With that said, we can use your support.
As you all know, the events that we do, are done on no budget / no funding with the exception of some support from some law firms or readers like you.
This trip is taking a big dent in our limited funds and we would appreciate anything you could spare, even if it’s a dollar…
Airfare – $400
Hotel – $200
Expenses $200
Getting to go to Washington DC to assist in crushing the fraudsters…
PRICELESS!
Click on the Tips Jar to contribute…
We can really use the help on this one…
Gotta run because I have a plane to catch…
Wish us luck!
Thanks!
~
I am begining to think that Obama, Bernanke, Geithner, all of them are just scapegoats for the NWO, Wall Street and the Banks are only scapegoats too, We need to fight the NWO in our own ways. Did you see the Jesse Ventura conspiracy theory show last Friday entitled “Wall Street”. The Wall Street guys clearly stated something in their defense to the effect of IF YOU THROW A RAW STEAK ON THE FLOOR IN FRONT OF A DOG, HE WILL DEVOUR IT. I am not defending them but i am no longer willing to condemn them either GOD BLESS AMERICA!!!!!! The FBI REPORTED THE PERVASIVE FRAUD IN MBS IN 2003, YET NOT A THING WAS DONE BY THE GOV. TO STOP IT. SOMETHING STINKS.
Sonja Mitchell, thanks for the wonderful post explaining the mess along with possible suggestions. If you have bandwidth for additional writing assignments please contact me balanceadvocate@balancednation.org.
Stay SAFE you guys ..our prayers are with you!!
In my State property taxes are not coming out until Christmas. What about your state?? The tax bills normally come out in August. I say we all buy meaningful gifts for our family and friends and we don’t pay our property tax bills. That way we are propping up local businesses and screwing the shadow Gov. Believe me the rich are not happy about what the shadow Gov. is trying to do to all of us either. This economy hurts them too. Wall Street and the BAnks are only puppets for the shadow Gov. We need to hit the Shadow Gov. hard and not pay our property taxes and remove our money from their hands. Our property taxes if paid are going to let the Gov. steal more homes from the people. The stealing of homes and buisinesses of their wealth by the Gov. is why our taxes are so high as well as our utility bills. WE HAVE TO STOP PROPPING UP THE SHADOW GOV.We should have property tax bill bonfires in our collective neighborhoods, maybe on our front lawns!!!!!
why pay taxes…paying taxes was supposed to bring safety and protection from criminals. where is our protection? we are not being represented..
The only problem is that they will foreclose on you faster than you can blink if you don’t pay your property taxes. Remember when that big story hit the news last winter about a city in Maryland doing this to residents (I think it was even Baltimore…can’t remember)
The best form of rebellion/boycott tax-wise is to refuse to pay income taxes…if enough people did it all across the US, that would send a huge message. But it would have to be a big majority of people all banding together so that the govt couldn’t pick off people one by one to torment with tax liens.
The biggest problem with getting a massive amount of people on board with anything that sniffs of rebellion is that most people are paralyzed by FEAR. Sad, but true.
I wonder if the Pres. isn’t trying to help us all in an unobvious way. Notice his snubbing of Israel. I don’t think he could possibly take on the shadow gov. head on. I am not counting him out yet. Let’s not forget the gov. rebels he is tied to in his past We can’t drink the media’s kool-aid. He may not begoing along with the agenda but can’t be to obvious about it. I think we all need to think outside of the box here and watch this man very closely. Take HR3808 as an example. I don’t think we have to worry about HIM letting a legislation pass in favor of MERS. He may just be a sneaky rebel himself. We will see. This is all actually pretty interesting.
did you see that missle the other day ? they blew if off like it was nothing .. a plane landing myazzz
Thank you so much for everything you are doing not just for us homeowners but our country too.Nobody seems to understand united we stand ;divided we fall except a very few of us.Its time to take strong action and stop all of this,not just for the homeowners [displaced] or otherwise but also for generations of Americans coming up behind us.Fraud is still fraud, it doesn’t matter how it comes about.Remember when you give a dance you still have to pay the band.Kick thier butts and take names later.Please come home with good news
GOOGLE OR YAHOO SEARCH: WEARECHANGE.ORG. THEY ARE ALL OVER THE COUNTRY AND ALL OVER THE WORLD. WE NEED TO GET ON BOARD PEOPLE!!!!!!!!
IF YOU ARE NOT YET SIGNED UP TO JOIN THE DISCUSSIONS ON YOU TUBE YET, YOU NEED TO DO THIS TODAY. PEOPLE FROM ALL AROUND THE WORLD ARE CHEERING ON OUR REVOLUTION AND TRYING TO DO THE SAME THINGS IN THEIR OWN COUNTRIES RIGHT NOW TO EFFECT CHANGE. PLEASE CHECK IT OUT AND GET ONBOARD WITH THE WORLDWIDE DISCUSSION!!!! WE NEED TO ORGANIZE TO FIGHT THE NEW WORLD ORDER, STARTING TODAY!!!!! GOD BLESS AMERICA!!!!!!!
WHERE ON YOU TUBE, CAN’T FIND IT, NAME OF FEED WOULD HELP.
GOOD LLUCK IN D.C. YOU GUYS!!!! YOU ARE AMONG THE TRUE HEROS TRYING TO HELP THE PEOPLE GET THE JUSTICE THEY TRULY DESERVE!!!! HEY EVERYBODY YOU MUST WATCH THE YOU TUBE VIDEO ENTITLED: “WE ARE CHANGE” TRUTH BEHIND 9/11, NEW WORLD ORDER AND THE FED.” THESE PEOPLE REPRESENT THE CHANGE WE CAN ALL RALLY BEHIND. PLEASE CHECK IT OUT AND ALSO SOME OF THE OTHER “WE ARE CHANGE VIDEOS’ THESE PEOPLE MAKE A LOT OF SENSES THERE IS NO DENYING THAT. MORE SENSE THAN OUR ‘ELECTED POLITICIANS’ DO RIGHT NOW.
I will send money in a heart beat if I know what you are going to advocate and pass along for them. I would like to send you my story for an example,no names needed, but they need to see that it effects my job, family, friends, markets, federal taxes are higher with no home and limbo!! is that possible. ? Please let me know as soon as possible so I can send it to you, you have my email right? Also send me a personal message on Twitter under usjustice4all.
Give the Fraudclosed on homes back to the people who lost them. If Congress dares to pass such a MERS legislation, the people will surely slit all of their throats or hold a public, private lynching for these individuals. Obama knows this would be the death of his 2012 Presidential hopes if he has any left. These people know their polical deaths have occurred. If they try anything shady such as legitimizing MERS they truly will be lynched and burn in hell for all eternity. They will get vigilante justice on earth and their next sentence will be in the afterlife. We should not fear them we should put the fear of the fury of our RATH into them. The American People have had enough of their Bullshit and they better know it.
The congress and Senate did pass 100% some crap that was going to help the notary issue get ignored!!! President sent it back but definitely no coverage on that. I really believe they should have to get 2/3 of the vote from the PEOPLE in their districts in order to vote either way!!!!!!
Mike and Lisa we appreciate all that you are doing for American Home Owners! You are living proof we can all make a difference if we just take a stand! I live close to D.C. and would be happy to pick you up and cook you a home cooked meal and you can save the hotel room cost. As long as I have a home you have a place to stay!
pmbva@yahoo.com
Best of Luck tomorrow! I put what I could in your jar.
Some suggested solutions:
SUGGESTED SOLUTIONS: For Home Buyers/Owners and Investors
STOP THE MUSICAL HOME GAME NOW!!!
I have a solution.
It will keep people in homes. Hell, there are homes empty or about to be empties and people/families/babies and children/grandmas and grandpas who need a home.
Will make investors whole
And will make those who bent the law and fudged the numbers pay the difference to the investors
PROPOSED SOLUTION TO THE MESS:
First the Investors: Investors stand to lose a lot. Pension Funds and foreign sovereign funds as well as many, many others.
I believe a polygram test will prove that absolutely everyone involved in rating, buying and selling the MBS and CDS knew in 2005, the height of the frenzy, that something wasn’t quite right.
That said, contracts were made. However, because the foundation product for the investment was worth much less than everyone said they believed they were worth, the investors have losses.
There is no way the banks have enough to make up for the contractual losses. We are certainly not going to bail them out again, not after how poorly they have treated the majority of citizens in the US for the past 2-3 years. They can go hang.
And, in a laissez-faire model, it’s really not anyone’s problem other than the investment fund Trustees and the institutions/people that sold them the MBS, CDOs.
Who bails us out if we are snookered? Um, no one.
So, there is no way, in the short run, to resolve the losses.
However, the two most commodities in the deal still exist: The House and the Home Owner/Buyer
The market still exists. No one took the houses off the board and the people are still needing homes.
So………….to minimize the losses to the investors and to minimize the failure of the TBTFs, it’s time for a do over.
New contracts need to be written BETWEEN the investors’ Trustees and those who sold MBS and CDOs if, and only if, the investor hasn’t been made whole via Credit Default Swaps for a property/properties. I believe the NY FED under Geithner gave the money to AIG to take care of the investors so we could avoid World War III.
There is also a possiblity that the bank/lender could have been made whole, as well, via a PMI policy.
And, if the BANK/Mortgage had PMI insurance, and the bank was made whole via PMI for a home/homes, than those homes have no outstanding debt owed. Period.
To avoid moral hazard, as most of the homes have been or will be foreclosed EVEN IF investors and banks/lenders were made whole, and to save entire neighborhoods from blight and violent crime/crack houses, there is absolutely every reason to reunite the homeowner/buyer with their home and play LET’S MAKE A DEAL.
NO ONE HAS TO ADMIT TO APPRAISAL FRAUD or fraudulent behavior. We will let the FBI work that all out if they ever get enough funding.
Most of the foreclosed homes end up auctioned off for peanuts to wealthy flippers, the very people most guilty of inflating home valuations to begin with. This just doens’t make sense.
The market today, if we don’t stop and correct this mess will just get more and more corrupt, as proven by the most recent MARI Report:
Stats on numbers of fraud cases reported per year:
This table is from an April, 2010 Mortgage Asset Research Institute’s TWELFTH PERIODIC MORTGAGE FRAUD CASE REPORT (MFCR) submitted to the MORTGAGE BANKERS ASSOCIATION.
And this, according to an FBI Report:
What is a reasonable price for the homeowners to pay to be able to either stay in or return to their home?
Does it really take a Rocket Scientist (I revere them) to understand that there absolutely HAS TO BE a relationship between the cost of housing and household wage?
Are we to believe that entire industries hadn’t caught on to this basic of rules for financing? No. Which if all would be honest, all would admit that we got to play pretend monopoly with real homes and real people, and their childrens’ lives. Shame.
Those who are the haves, who want to bring up moral hazard for helping desperate people get on with their lives, simply shut up. Where was your moral hazard squawking when the billions were flowing like a chocolate fountain at a mid-sized wedding?
Both homeowners and investors need a reasonable solution that isn’t fraught with risk.
Here’s an expert opinion on how to value homes:
And here is where we can get creative.
Today, many are un, under or low wage employed because, as Evidence #10 above clearly lays out, cash rich companies/banks are refusing to hire or loan money to small businesses and, instead, are using their trillions to buy more stock, pay higher bonuses, and reward shareholders with higher dividends. On top of the past decade of shipping manufacturing jobs, and the tax revenues as well, America is at a cross roads, perhaps a solid stand still.
The corporations and the TBTFs will do just fine. They can move to tax-free Dubai. Hope that works out well for them.
But we have to glue this mess together again, NOW, stop the bleeding and heartache.
And there are millions of families that have been displaced, tens of millions of children. This will destroy our country’s social fabric if it is resolved instantly. And it can be. Unless we are just heartless enough to watch the house burn rather than help tens of millions of people whose only sin was being laid off and/or lied to, or both.
Which is why I believe we need a new mortgage model. For lack of a better name, I will call it a Sliding Scale Mortgage. Whatever wages are made in a home, no more than 20% will be used to pay off the mortgage.
There will be no transfer of funds for the homes other than payments from the homeowners to the investors/lenders IF they can prove a stake in the house. Money already paid the builder, developer, and the real estate professionals at least once for the homes which stand ready to occupy.
It can be called The Cost of Housing Payment. Buyers could pay off faster if they wanted to with no penalities, because we are not going to use this life sustaining commodity, a roof over the heads of a family, for speculation again. Overtime, this can make the investor whole again and, in the interim provide a stream of returns.
20% of income is all people can afford because of all the ways and means money is taken from them at every turn in this country. Health care insurance/costs being one of the worst financial assaults on the American family.
For instance, people in flood zones surely can’t afford Flood Insurance anymore. My quote jumped from $350/year to $2,100/year this year. Thank FEMA. Guess I just rot if a rain cloud hangs around for too long. Who, at FEMA, thinks middle class families can pay $2,100/yr on top of a mortgage, taxes, and insurance. Flood insurance is now comparable real estate taxes. It’s ridiculous. Why pretend there is a national flood insurance program, when no one can afford it. Just another example of how every penny we make is being squeezed from us.
Also, there is a need for some clawback in lieu of prosecutions.
Have you ever wondered where all that money collected by the FBI, Justice, the IRS goes? I believe the American people deserve a transparent, easy to navigate open window to this process for resolving The Housing Disaster.
Have you ever read the Federal Budget? I have. Good Grief, it’s a poorly written fairy tale, quite frankly. Besides which, I want to see, on a weekly basis, where every penny is going. It’s our money!!!
The clawback money could be bundled and put into a Housing Restoration Fund, divided by states, and monitored by volunteer citizens groups within each county. I think we have learned we can’t trust money making people to always do the right thing when it comes to housing. A portion could also be distributed to a Disaster Fund to help in future disasters.
We can let Justice, the IRS (maybe deduct the clawed back monies from income in a kind gesture), and the FBI work that out.
The citizenry deserves to see that crime does not pay, and certainly children need to see that there are consequences for bending the rules and fudging the numbers.
Of course, some did much worse and may have to pay a higher price than clawback.
I would rather see the guilty white collar criminal be sentenced to working for minimum wage AND HAVING TO LIVE AT THAT RATE of income (taken from his hoard of cash and paid to him every two weeks like the majority of Americans), with the wage he earns paid directly to fund programs for the needy: needy children, the elderly, infirm, etc., quite frankly, than jail.
Enough with prison industries profiting privately run, corporate prisons whose stocks are traded on Wall Street! HAVE WE COMPLETELY LOST OUR MORAL COMPASS IN THIS COUNTRY?
Perhaps we could boost our compassion commodity, which is sorely undervalued at this time.
These suggestions would STOP THE FORECLOSURE INSANITY and
keep people in their homes and/or
fill the empty homes,
punish those who cheated the investors, and the payments made by homeowners
would fulfill the investors’ contracts over time which, I suppose, could be leveraged when necessary by the very banks that sold the MBS/CDS.
We have to put aside the moral hazard issues. No one was ringing that alarm while millions became millionaires playing with people’s homes.
And, no way in hell should the enriched by The Housing Disaster be allowed to buy foreclosed properties at auction, to start the whole corrupt process all over again with the very same players who bent the rules and fudged the numbers.
We have the homes that need to be filled.
We have people in need of homes.
Fill the damn homes.
STOP THE MUSIC. Stay in the home you landed on. Agree to pay 20% of your income for the home.
You provide inspiration and hope for all. May your powerful words not fall on deaf ears. You are our voice, our heartbeat, our soul. When you speak your knowledge of the truths, your voice will be “GREATLY” heard as it will be that of millions Americans.
It is “we the people” not “we shall pillage the people”. This evil is by far the worst as it does not discriminate. It will prey on all.
Please kick ass and take names!
Keep up your good work. Just sent $25, and it pleased me to do so.
Thank you for all you do, I don’t know where I would be in this mess without your help. Give ’em hell <3
Good luck, godspeed and let our voices be heard in Washington!!!
Mike has encouraged us to form local chapters to keep up the fight. I have started weekly after hours meetings in Columbus, Ohio. Anyone not too far to drive is welcome to attend. If you are interested please email me: balanceadvocate@balancednation.org
It’s a priviledge to know Lisa and Michael personally–they are what I was taught made America what we were told it was, not what it has become..
I live in DC and Samuel I White/Capone One are attempting to eject me by Xmas. No hunger strike and no deed in lieu – Stop by for hot coffee and cookies before going into the city.
Michael:
As an afterthought to my prior post, I would also add that my own foreclosure fraud investigations were interrupted in 2008 by my National Guard unit’s call to active duty and my second overseas tour since September 11, 2001. While I tried to keep up with the new developments in the ongoing mortgage servicer and foreclosure fraud while serving overseas in Iraq, I was particularly gratified to see the emergence of new foreclosure fraud activists, such as Lisa and yourself, during my absence! Thank you both for your recognition of Veterans today and for your spirited commitment to the cause!
I volunteered for the draft in 1971. The Viet Nam war was hot and heavy I drew lottery number 325 , I would never have gotten drafted but I felt a duty to thic Great Country of Ours and the freedoms it offered me. When you volunteer you are just like a draftee. They put you where they want. I wound up in Army Infantry Air Mobile and went to Viet Nam. I received 30 days leave after training and married the love of my life, then left for Viet Nam. My daughter was born the followning December but I did not see her till the following year. Today I am 60 years old. I spent the entire day at the VA hospital yesterday because I am a victim of the chemicals they used in Viet Nam. I have developed cancer and diabetes. I do not regret serving for this Country. But today on Veteran’s Day I read that congress may pardon MERS and the Banks for comitting Fraud in taking my house and overstepping the foreclosure laws of the State of Wis because af a huge pay out (bribe), I feel like turning in my medals and renouncing my citizenship in The USA and leaving with my family to sopme other Nation. Fellow Citizens it is to late to overthrow these ciminals and reestablish our government the want it was meant to be(T. Jefferson) God Bless the USA. They took my house but I sent you $25 God Bless
Stan
Racine Wi
Stanely, thank you for your service and I am sending my prayers out to you. I just got back from taking my husband-a disabled vet-out to dinner My husband served 10 years and is still fighting for benefits that he deserves. He is now in his mid 50’s and finds it harder everyday to get around because of the constant pain that he is in. He was proud to service this country and never once said he regretted that time, Now he feels that all that time was wasted because our government has done nothing to help those who would have without hesitation given their lives for this country.
Our government has turned its back on the American people. And they will continue to do so if we let them ignore the laws of this land and pass new ones to make fraud legal. Why have any laws at all?
God Bless you Stanley and all other VETS.
“FINALLY someone is listening to the people who have a clue!”
How can anyone going thru foreclosure claim that they “have a clue”?
Unbelievable.
PLEASE EVERYONE GO AND WATCH THE VIDEO AND READ THE COMMENTS UNDER THE 4CLOSURE FRAUD TITLE; FAKE SHERIFFS, FAKE COURTS AND FAKE JUDGES. WE NEED TO UNITE AND ORGANIZE TO STOP THE NEW WORLD ORDER FROM SUCCEEDING IN THEIR EVIL PLAN. WE MUST START TODAY.
I Vent. I believe we are in revelations and am wondering who the Beast is?
Stan
THIS COULD BE TRUE. THERE ARE SIGNS THAT ARE HARD TO DENY. I DONT THINK THE BEAST HAS FULLY REVEALED ITSELF YET BUT I BELIEVE THE BEAST IS THE NEW WORLD ORDER/BILDERBERG GROUP AND IS WAITING FOR THE RIGHT TIME. THE ANTICHRIST IS IN THERE TOO. MAYBE HE IS AMONG US IN A KEY GOVERNMENT LEADERSHIP ROLE RIGHT NOW. . WE MAY ALL KNOW WHO IT IS BUT DON’T REALIZE WHO IT IS YET. HE HAS LEGIONS IN KEY GOVERNMNENT AND OTHER POWERFUL POSITIONS RIGHT NOW. CHECK OUT THE YOU TUBE VIDEO ENTITLED: END OF LIBERTY. THIS IS A REAL WAKE UP CALL FOR ALL OF US. WE NEED TO WAKE AMERICA UP BEFORE IT IS TOO LATE.
LET ME CLARIFY WHAT I MEAN IN MY LAST POST ABOUT THE BEAST REVEALING ITSELF. I MEANT FULLY REVEALING ITSELF. THIS IS WHY WE NEED TO STOP THEM NOW. THE SHADOW GOVERNMENT IS CREEPING.,NO NEW WORLD ORDER IN AMERICA. BURN IN HELL BILDERBERG GROUP.
I am close to D.C. too! FINALLY someone is listening to the people who have a clue! I know you will represent all of us who have been screaming like the Whos in Whoville….WE ARE HERE!
Made my donation to both you & Lisa, it’s not a lot, hope it helps.
Thanks for all the tremendous work you guys do and for keeping us informed.
Go kick some DC arses….
Lisa & Mike….”GO GET EM”!!!!!! Thanks 4 being our voices & all you both do and have done….you both are amazing people…thank u from the bottom of my heart…….. 🙂
Michael:
I have contributed $100 via PayPal. Please do NOT use any of this to feed the politicians! (They have already grown far too fat on their government paychecks and taxpayer funded payoffs from the TARP funded banksters.)
I have no great hope that the shows being staged by the likes of corrupt politicians such as soon to be ex-Sen. Christopher DODD will bring any real relief. Hopefully, a few of the Tea Party supported candidates, such as Sen. Elect Rand PAUL will remember WHY they are being sent to Washington.
But I think that your pilgrimage to Washington with Lisa is a very good idea and surely you will make some new contacts and persuade some new converts.
Happily, I believe that the fissionable material has reached critical mass and the the ultimate meltdown is inevitable. But realizing that the criminal enterprises will do anything to stop their own self-implosion and destruction, I think it wise to continue to add additional fuel even with the meltdown well underway.
Best to both of you! Keep up the excellent work!!
I just donated $50 dollars. Hey could you guys please warn your readers about KELATTORNIES.COM. I hired them for foreclosure defense back in june. After I got a notice of default I called bank of america and they said they had no record of anybody negotiating for me for a modification. When I complained to KELATTORNIES they sent me a letter saying they are no longer my attornies and they were not going to refund me my money because I failed to provide documentation to them in a timely manner which is a complete lie. THEY ARE THIEVES AND WILL STEAL YOUR MONEY AND DO NOTHING. KELATTORNIES FRAUD!
Be sure to file a complaint with the bar of the state they practice in and demand your money back.
Also, be aware of this:
There is rumor on the ground, that Congress is considering
http://livinglies.wordpress.com/2010/11/11/pardon-livinglies-obtains-wall-street-playbook-mers-to-be-legitimized-by-act-of-congress/
I can’t find any Congressional Record to back up livinglies assertion(s); however, there is this Congressional hearing that proves that Congress is aware, and being prodded by the Mortgage Bankers Association to have MERS be legitimized by Congress:
http://stopforeclosurefraud.com/2010/10/20/mba-testifies-on-potential-revisions-to-the-home-mortgage-disclosure-act-hmda/
The Mortgage Bankers Association backed MERS from it’s inception, and provided training on its use:
http://www.msfraud.org/law/lounge/TheMERSExperience.pdf
Note the MBA logo in the upper, right hand corner of the training outline.
This year Freddie and Fannie try to distance themselves from MERS on foreclosures, and issued the following directive re: MERS:
https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2010/svc1005.pdf
Foreclosure Actions in the Name of MERS
Servicing Guide, Part VIII, 105: Conduct of Foreclosure Proceedings
Here is our $50. Please tell them that an across the board re-valuation is in the best interest of th country and the economy. Per Joseph Stiglitz foreclosure is the nasty way of repricing homes, tell them there are much better ways to handle this. Otherwise put them on notice we will surely bring down the house of Morgan using nothing more than our very own free market system.
Hi, Mike:
We spoke on the phone re: the two years of research and documenting how the housing crisis was well-choreographed. I have simplified that research into the 10 Steps That Made the Housing Bubble possible.
THE MASTER MIND PLAN TO LAUNCH THE HOUSING BUBBLE:
Step 1. An electronic highway had to be created to enable huge quantities of mortgages to travel quickly enough to satisfy investors. This was designed so that it could feed into the computer models created by quants so bundles could be created for investor trades.
Step 2. The rating agencies had to be co-opted to provide proper ratings to satisfy investors.
Step 3. The FBI Criminal Investigators had to be removed.
Step 4. A Mortgage Fraud reporting system had to be put in place in order to cover the the missteps of the players with proof that the problem was caused by a “few rotten apples”.
Step 5. Real estate appraisers had to be compromised with threats of getting no business and/or even blackballed.
Step 6. Credit Default Swaps had to be an option to hedge the losses most knew would result.
Step 7. President Bush had to announce the plan, and a few rules put in place to enable the Federal Government to back up some funding/risks, and to provide seed money to the developers/home builders.
Step 8. All had to turn their backs, as millions of unqualified buyers were allowed to buy homes, so they could also be blamed for the problems when the bubble of greed burst.
Step 9. The plans for mass foreclosures had to be in place.
Step 10. An economic disaster warning from Paulson, causing the economy to crash so millions would lose their jobs and then be ripe to lose their homes, so the same players could re-run the housing bubble.
Let me know if I missed a step or two.
If you go to this link, you will find empirical evidence to back up each.
http://www.dailykos.com/story/2010/11/9/919007/-Help-Save-Peoples-Homes!-Armed-with-FACTS
For the in-depth presentation, you can go to this link for more information, and links to help with your Congressional Hearing:
http://www.dailykos.com/story/2010/10/21/912375/-Housing-Fraud-Opus:-From-A-Z,-Collusion-by-All
If you will take the time to read, and produce some 3 x 5 cards for each of the 10 Items above, you will be able to respond to the Congress with empirical evidence.
LOL
Sonja
I donated my last $10, good luck to you guys!
Michael and Lisa, go get ’em! This is exciting; maybe things will turn a corner for all of us now, with you going to DC and Mike Taibbi’s excellent article in the latest Rolling Stone magazine. I donated to your tips jar because I believe in you!
I don’t know who you’re meeting with, but please make sure they understand that all the people who have already lost their homes need to be given a voice as well — not just those who are in the midst of foreclosure. The millions of us (and more each day) who have already lost our homes are due some sort of compensation for all that we have lost.
Thank you, and we await your full report!
J.A. Thank you for your comment. I promise youweI will not forget to discusst the already dispossessed and homeless.
Lisa
Lisa,
Thanks for your reassurance. I would love to meet both of you in person one day…I just need to make the 4-hour drive from central FL down to WPB for one of your happy hours. I’m a bit north of Orange county. Had I known in 2008 what I know now I would have kept fighting and won in court, and not lost my home. I staved them off for 11 months pro se, but near the end I got too scared of being dumped out on the street. I should’ve objected to the summary and appealed.
Unless someone has had their life completely upended by losing their home of 14 years, they cannot possibly imagine how traumatic it is. In many ways I’ll never be the same again. The only comfort is knowing I am not alone.
I hope you will ask them about this Yves Smith column today…
Bank of America Allegedly Foreclosing Fraudulently in Kentucky
http://www.nakedcapitalism.com/2010/11/more-frauds-on-the-court-bank-of-america-foreclosing-improperly-in-name-of-bank-on-securitized-deals.html#comment-225302
and find out if Congress is going to retroactively legalize MERS
http://market-ticker.org/akcs-www?post=171940
http://fedupusa.org/2010/11/11/alert-congress-considering-retroactively-making-mers-legal/
If possible, mention HSBC while in the meeting. Since they are not a US bank, seems they have been allowed to run over many American families. Foreclosure started on my home with $623 in arrears, which I made good. HSBC refused payments after that and completed foreclosure in Feb 10. I had to stop fighting them, to prepare for deployment overseas, where I am now – I needed to get my family settled and secure before leaving the country.
Happy Veterans Day, David, and thank you for serving our country. What HSBC did to you was criminal. Let’s hope families like yours and mine can look forward to some long overdue justice. 🙂
Yes, kick some butt Micheal and Lisa!
Thanks for all the work you do!!
Just sent my small conribution
Michael – I live outside DC. Let me know if I can help you.
Where & WHEN – what building – where can we get information for the meeting? I am only 90-minutes from DC. I would like to be there…
U.S. Senate Committee on Banking, Housing, and Urban Affairs
534 Dirksen Senate Office Building
Washington, D.C. 20510
(202) 224-7391
http://banking.senate.gov/public
kick some butt Micheal and Lisa!
1 million letters by Nov 16th 2010 to Washington DC from homeowners
Bank of America, J.P. Morgan home loan officials to testify before Congress on November 16th 2010
http://voices.washingtonpost.com/pol…rgan_home.html
This is our Chance to let the elected officials know how we feel. I believe if we flood them with letters we the people might have a Chance for our voices to be heard. I know they will not read all letters, but can you imagine when a committee receive this much mail?
I sent the following email to Propublica. You should send one too to your local media.
Bank of America, J.P. Morgan home loan officials to testify before Congress on November 16th 2010
Please help, by announcing on your website that we need to send a minimum of 1 million letters from homeowners with troubled mortgages to this address by NOV 16th 2010.
Maybe this way elected officials will be paying attention to solve the current housing crisis.
U.S. Senate Committee on Banking, Housing, and Urban Affairs
534 Dirksen Senate Office Building
Washington, D.C. 20510
(202) 224-7391
http://banking.senate.gov/public/ind…formation.FAQs