Iowa Check Your Mortgages! You May Already Own Your House | State Homestead Law Leaves Iowa Couple w/ Voided Mortgage

If you live in Iowa, you may be able to use this loophole to stick it to your “Bank.”

But you better hurry… The bankster lobby is trying to change the law…

The Des Moines Register reports:

Iowa loophole voids mortgage, gives couple ‘a free house’

Talk about sticking one to the bank.

Matt and Jamie Danielson own their $278,000 Ankeny home outright, and paid almost nothing for it.

A hasty home-loan approval and a 123-year-old law that requires mortgages be signed by both spouses helped the couple fight foreclosure all the way to the Iowa Court of Appeals. They won, and though they made only one payment to lender Citimortgage, the mortgage is now void and they get to keep the home.

“It’s dumb luck that we’re in this house,” said Matt Danielson, 33.

The banking lobby is chagrined. The Iowa Bankers Association is backing legislation that would change the law so this never happens again.

“It’s not like we’re rolling on easy street,” Danielson said. “We still struggle just like everybody else does in this economy.”

The proposal gives judges discretion in cases like the Danielsons’, instead of automatically voiding mortgages not signed by both spouses. The bill passed the Senate on Monday.

The law’s original intent was to protect husbands and wives from liability if one spouse made a disastrous financial decision unbeknownst to the other or against her or his wishes.

You can check out the rest of the report here…

Copy of the ruling from the Iowa Court Of Appeals is below…

Now that’s some funny sh….

~

4closureFraud.org

~

Citimortgage, Inc. v. Danielson

Comments
11 Responses to “Iowa Check Your Mortgages! You May Already Own Your House | State Homestead Law Leaves Iowa Couple w/ Voided Mortgage”
  1. Katheryn says:

    I think we all agree on this website that the banks with support of our legal system came up with the PONZI scheme of all ponzi schemes. We all want to be righted of the awful, fraudful, shameful way in which the banks have committed theft against us as well as the country.

    However, what some of us do not want to see, is to feed into the public image of “deadbeats” who only wants to get a free house. As tempting as it might be to wave each small win as a home one of us got for free…only serves the purpose of giving them more amunition with which to feed to the public. Believe me when I say that I know we all want to scream vindication….but this is a war…..and you have to always be cognizant of your overall plan and strategy. No offense meant to anyone….that’s just how I see it.

  2. Tim…almost all mortgages were not funded by the banks…the money was wired to the closing table by Investor(s).. kept in escrow by the closing company. So how the hell can a bank, who was paid a nominal fee to close the loan, invested nothing toward the loan…. put their name as payee/lender on the note and mortgage? And than record the mortgage in county records with a fraud payee/lender on it? From there, the fraud follows more fraud. Than more fraud in the foreclosures…first…they never owned the mortgage….very few can prove it. So all this fraud right down to the courts rubber stamping it…..for sale….sets everyone raging mad. Can you blame them? If someone lost their home and set it on fire…they would go to prison. But the bank, who does not own the mortgage, can do fraud throughout and the courts are no longer a ‘ house of justice ‘…..there is no prison for them? I was raised by a father in law enforcement during the mafia era and many saw the walls of prison. This is of greater massive crime and not one criminal arrested ? Not hard to figure out who gave the orders to all employees to do this crime…..climb the ladder and when you get to the top…stop…you have arrived at where it started. This is what angers homeowners…everyone, including Obama, are all involved in this…no one will step to the plate. So if anyone can get their home free and clear..more power to them. The bank didn’t own it anyways…they were trying ti steal it. So Tim…how can a mortgage be modified when the bank cannot prove they own the mortgage..a servicer does not have the notes either…only the owner of the original note can give permission to modify..not just any Tom, Dick or Harry. That is why all ‘ programs’ to help the homeowners, set up by Obama failed….the banks did not own the mortgage. How could they, mortgages were all sold to investor(s)… that was where the banks made their trillions…selling over and over. FRAUD.

  3. Sooooo…as the story goes it say’s….” Iowa Bankers Aoosc. is backing legislation that would change the law “…..backing with what ??? MORE BRIBES ???? Money talks….and it walks right into the pockets of government. Between the lobbyists and Bankers Assoc. the bribes run rampant….the banks can afford it…all with fraud money. That is not hard to see. This is not money the banks earned..it is money they TOOK. So it IS not out of their pockets… Don’t you feel suckered into the worlds biggest ponzi scheme? …RELEASE MADOFF FROM PRISON AND THE REST OF THE PEOPLE IN PRISON WHO HAVE NOT MURDERED ANYONE…MAKE ROOM FOR THE REAL CRIMINALS WHO NEED TO BE THERE….SIT THEIR A$$ES ON COLD CONCRETE INSTEAD OF A PLUSH OFFICE CHAIR…. THE WORSE PART IS OUR GOVERNMENT BACKS THIS PONZI SCHEME 100 %….MAKE ROOM FOR THEM TOO.

  4. l vent says:

    OHHHHHHHHHHHHHHH,YESSSSSSSSSSSSSSSSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! BOOYAH!!!!!!!!!!!!!!!!!!!!!!!!! THIS IS JUSTICE IN AMERICA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! WHY? BECA– USE THE HARD WORKING AMERICAN PEOPLE GOT SET UP, ROBBED AND PILLAGED AND NOW IT IS PAY BACK TIME FOR ALL OF THE ROBBERY (TRILLIONS), RAMPANT FRAUD AND CORRUPTION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I LOVE THIS COUNTRY, SOMEONE WAS LOOKING OUT FOR THE PEOPLE’S PROPERTY RIGHTS WHEN THEY WROTE THIS LAW,YES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! NOW THIS HOW ONE NATION UNDER GOD INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL IS SUPPOSE TO WORK!!!!!!!!!!!!!!!!!! GOD BLESS AMERICA. THIS IS THE JUSTICE THE AMERICAN PEOPLE DESERVE! PEOPLE HAVE LOST EVERYTHING AND COMMITTED SUICIDE OVER THESE CRIMES. THIS PONZI SCHEME HAS DESTROYED ENTIRE FAMILIES AND COMMUNITIES AND DEVASTED OUR GREAT NATION.

  5. l vent says:

    HEY TIM BRYANT: THE AMERICAN PEOPLE GAIN THE SYSTEM? WE COULD ONLY HOPE WE COULD GAIN SOMETHING OUT OF THE RAW DEAL. WE SHOULD BE SUEING THE PANTS OFF OF THE FRAUDSTERS FOR DEFRAUDING THE ENTIRE COUNTRY AND THEN STILL GET OUR HO– USES FOR FREE. ARE YOU FOR REAL?? I HOPE THIS LAW IS VALID IN MORE STATES. THEY PUT THE AMERICAN PEOPLE THROUGH A LIVING HELL. The American people got SET UP AND ROBBED by the robber barons in THE BIGGEST PONZI SCHEME HEIST OF OUR WEALTH IN HISTORY. THERE ARE TRILLIONS OF DOLLARS MISSING, RETIREMENT FUNDS, POLICE AND FIREMANS PENSIONS, 401 K ETCCCCC. WE THE PEPOLE WILL BE PAYING FOR THIS FOR DECADES!!!!!!!!!!!! So ANYTHING we can get to HELP THE PEOPLE GET BACK ON THEIR FEET IS JUSTIFIED. Who in the HELL wants a FRAUDULENTLY INDUCED LOAN MODIFICATION? The ROBBER BARRONS MADE HUNDREDS OF TRILLIONS OFF OF THEIR PONZI SCHEME AND TOOK THE MONEY OVER SEAS. THEY ROBBED THIS COUNTRY BLIND. AND THEY — USED US TO PERP THE CRIMES AND THEN DEFRAUDED THE ENTIRE COUNTRY. If the BANKS COULD GIVE THE AMERICAN PEOPLE A LOAN MODIFICATION THEN WHY DID THEY NOT DO IT IN THE FIRST PLACE? THEY STOLE BILLIONS MORE TAX-PAYER DOLLARS AND GAVE VIRTUALLY NO ONE A LOAN MOD. BECA– USE THEY COULDN’T, THEY DESTROYED THE NOTES TO COVER UP THE MORTGAGE FRAUD. I am sorry to yell but you have GOT TO BE KIDDING ME. THE AMERICAN PEOPLE GAIN THE SYSTEM? HA!!!!!!!!!!!!!!!!!!!!!!!! THAT WILL BE THE DAY. I PERSONALLY WOULD LOVE TO SEE THAT!!!!!!!!!!!!!!!!!

  6. Tim Bryant says:

    While I am amused the bank got screwed for a change, I don’t feel that this is what we are trying to accomplish. We should not look at gaming the system either. I think most of us here have tried to do everything the right way to modify our mortgages,while following the terms of our contracts. Only after the banks have ignored, bullied, defrauded, and ignored their fiduciary responsibilities towards us, have we resorted to such tactics. This story should not be representative of us, as this is a little unseemly, in my opinion.

    • l vent says:

      OH YEAH, RIGHT! YOU MUST BE JOKING RIGHT? DO YOU WORK FOR THE NEW WORLD ORDER OR WHAT? I PERSONALLY DO NOT BELIEVE YOU BELONG ON THIS WEBSITE. THIS ARTICLE REPRESENTS WHAT EVERYONE AT THIS WEBSITE WANTS AND DESERVES. WE HAVE BEEN ROBBED AND OUTRIGHT HUMILIATED BY THESE CRIMINALS. THEY HAVE MADE A LAUGHING STOCK OF OUR RIGHTS AND OUR LAWS AND OUR FREEDOM. THIS IS EXACTLY WHAT THESE CRIMINALS DESERVE AND THEN SOME.

  7. The title should be, “You Already Own Your Home, Your Lien May Be Fraudulent, Your Contract May Not Be Valid”.

    This is the law in most states. It has to do with morality and families.

    The tone in this article bothers me, while I celebrate the decision. Although I do view this as a war, the basic reasoning and the morality behind these issues and laws has GOT to be simplified, focused on.

    This was one of may points of law I made to the “judge” a.k.a. Insurance Attorney who threw my court documents in the trash.

    It has to do with the morality of the people in positions of leadership. That’s it.

    L.

    • l vent says:

      THIS HAS TO DO WITH WHO’S MORALITY? OURS? ARE YOU FREAKING KIDDING ME? THE TONE OF THIS ARTICLE IS FABULOUS!!! THIS IS NOT EVEN HALF THE SLAP IN THE FACE THEY GAVE AMERICA and the HONEST HARD WORKING AMERICAN PEOPLE. THEY ALMOST COMPLETELY DESTROYED THIS COUNTRY. ARE YOU FOR REAL????????????? I HOPE EVERY AMERICAN GETS A FREE HO– USE AND ALL OF THE STOLEN MONEY AND HOMES GET RETURNED TO THE PEOPLE FROM THE FRAUDSTERS WHO SET OUT TO DESTROY OUR COUNTRY AND ALMOST SUCCEEDED. I HOPE THE NEW WORLD ORDER BURNS IN HELL FOR ETERNITY. GOD BLESS AMERICA!!!!!!!!! LAND THAT I LOVE!!!!!!!!!!!!!!!!!!!

  8. John says:

    Yes, hurry and correct anything that gives the homeowner any benefit. Mortgage companies and banks can screw up your paperwork any way they want, and its overlooked to their benefit.

    Find something, anything, that penalizes them for their error or avoidance, breaking of the law and its either overlooked or the law is changed.
    What do you think would happen if the roles had been reversed and the old law was on their side? Enforced, you bet!

    • l vent says:

      RIGHT ON, JOHN!!!!!!!!!! We The People have rights in this country too. Now, it is our turn, and it is about freaking time the people got some justice for the ENORMOUS PONZI SCHEME ROBBERY OF OUR WEALTH. GOD BLESS AMERICA!!!!!!!!!!! MORE POWER TO THE PEOPLE!!!!!!!!! THIS IS OUR COUNTRY, NOT THE CRIMINALS!!!!!!!!!

Leave a Reply