WSJ | Judges See Little Improvement in Fraudclosure Procedures

 

Judges See Little Improvement in Foreclosure Procedures

Some judges are skeptical of claims by lenders that they have substantially improved their foreclosure procedures since controversy over the practices exploded last fall.

F. Dana Winslow, a N.Y. State Supreme Court Justice in Long Island’s Nassau County, said there has been only “a marginal improvement in what is being submitted to the court.”

For example, financial institutions are “showing a better chain of title” about who owns the debt, he said. “But I’m not seeing any additional clarity on who has control over the actual mortgage note signed by the borrower and lender and where the note is.”

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4closureFraud.org

Comments
5 Responses to “WSJ | Judges See Little Improvement in Fraudclosure Procedures”
  1. Louise says:

    Until you hold the bankers feet to the fire, they will continue to do sociopathic things to the homeowners and investors. We need some banker creeps to go to jail. Our worthless Congress that does not represent us any more has to go as well. We need some of them to go to jail as well.

  2. l vent says:

    A CLEANER CHAIN OF TITLE? HOW COULD THEY ACHIEVE THAT WITHOUT COMMITTING MORE FRAUD? FOR ME ,IT HAS BEEN 20 YEARS WITHOUT A LIEN ASSIGNMENT. MY COUNTY RECORDERS OFFICE TOLD ME BECA– USE OF THE 12 YEAR STATUTE OF LIMITATIONS THEY CAN NO LONGER ASSIGN A LIEN, MY HOME IS PAID FOR FREE AND CLEAR AND I HAVE THE PROOF IN THE RELEASE OF MORTGAGE TO ME, MY HUSBAND AND ALL OF OUR HEIRS. IT IS RECORDED AT MY COUNTY RECORDER OF DEEDS OFFICE. THE TRUTH WAS HIDDEN BEHIND AN OLD PIN #. THE CLERK TOLD ME WITH NO UNCERTAINTY THAT MY HOME IS PAID FOR, I CAN LIVE IN IT, SELL IT OR DO WHATEVER I WANT WITH IT. THE JUDGES ARE LYING AND THEY KNOW IT.

  3. Jason Werner says:

    Having worked with and for many FDIC-member banks, I know for a fact that the banks will absolutely not be able to honestly, with real and clean documents, foreclosure on somebody without somehow telling the truth about their own fraud, then giving back what they stole. Even people who already had their possessions stolen from the banks throughout whatever kind of court procedures, those people have glaringly strong cases to get their repossess, through either a civil or criminal action, what the criminal banks stole from them.

    The only way a bank can get their foreclosure done is by lying right now.

    • TheHutMaster says:

      Jason,

      Well said and is in fact what I see daily.

      Each call to a servicer results in lies and coverup.

      “Fight The Good Fight”

    • Equity Free says:

      The proof is on Display NOW & FOREVER in almost every county court house in the country !

      This story confirms what insiders know . The fraud can not be erased .
      Amazingly the treasury sold 10 billion dollar’s worth of these toxic (FRAUDULENT ) assets yesterday, purchased through TARP in 2008 .
      How did they DETOX these assets ?
      Why is AIG suing to get these DETOXED loans ?
      OH , they come with a government guarantee , but we already bought these TOXIC loans , foreclosed and sold the home ???

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