“But the bankers and government officials did not discuss the size of potential fines, nor did they address the mortgage firms’ push for release from legal liability for their unlawful actions in their treatment of borrowers and pursuit of home repossession. The nation’s largest lenders voluntarily halted home seizures last autumn after faulty document practices — like so-called “robo-signing” — came to light, erupting into a national scandal. Federal and state investigations began shortly afterward.”
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Obama Administration, State Officials Expected To Give Banks New Mortgage Terms As Some Question Pace Of Negotiations
WASHINGTON — The Obama administration and state officials are expected to offer the nation’s five largest mortgage firms updated terms next week in ongoing negotiations over a settlement regarding the firms’ faulty treatment of borrowers, according to three people with knowledge of the government plan.
As part of their discussions to settle months-long state and federal probes into shoddy mortgage practices and wrongful foreclosures, the new terms are expected to incorporate suggestions offered by the banks in response to an earlier term sheet circulated in early March by state and federal officials. Bankers said the original terms were too stiff; investors said they didn’t go far enough. Consumer advocates said they were a good start.
The new term sheet will mark another attempt to get bankers and policymakers on the same page regarding the treatment of borrowers who fall behind on their mortgage payments or default on their obligations. But it is not expected to detail any fines to be meted out in response to banks’ flawed practices, which include improper home seizures and other actions that broke federal and local laws.
Check out the rest at the Huffington Post here…
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about the only thing these sites are good for is to vent, the president and all the others were never and are never going to do squat to help any tax paying citizen with any problems we have, thats becuase were only here to pay for the sham condision this country is in. just pay when and what we tell you. and keep your mouth shut. and be greatfull were even letting you do that. and that my friend is the new and improved american dream.
Wells Fargo offered me a mod after 1 yr of begging while going thru my medical bankruptcy. sent the mod to my lawyer also but no papers to sign so I called and called finally they said we are sending th mod. So for 1 week I wait no papers . Finally I find out from UPS that they created a FRAUD package and Wells Fargo then stated I had refused the offer . Refused to work with me … So I go to NACA after months Naca tells me to shut off my phone change my TV and cut my internet to cut cost what happens they say since Im on Social Security Disability they wornt consider that income . NO mod again . Then they send me Forclosure papers on Christmas Eve… I go to housing authority and they tell me we have to apply again Im elligible for a Mod and suggests I go to legal aid…… Legal aid say s get mediationin court so they have to give me a reduced so we finally get to Mod table . WF lawyer says she has full authority to deal. Court mediatior comes in Wells Fargo Home office on the phone . Claim they have full authority …….Deal offer only to reduce interest from 6.5% to 4.5% nothing off the top of the 2004 loan now way over the head loss of 60.000 … I get the interest agreement in writing .. leave court Papers come interest is now 5.7 % I telll my lawyer this is illegal they agreed in writing She says OH well that is how it is …. IT IS NOW OK FOR LAWYERS TO LIE IN COURT AND FOR THE BROWARD COUNTY COURT TO ACCEPT THAT AS OK !!! Wells Fargo say s FHA sets the rules not them so my question was and is WHY WAS FHA NOT REPRESENTED IN THAT COURT I now have a mod that I can pay until the new PROPERTY INSURANCE INCREASE OF 15% GOES INTO EFFECT AND THEN IM DONE I AM STILL PAYING 75% OF MY INCOME TO THE MORTGAGE COMPANY What happened to 31% ???? they said that is not available for FHA loans …….. OBAMA ADMINISTRATION LIES FHA LIES WELLS FARGO OWNS WASHINGTON your dont have to take my word on this one I HAVE IT ALL IN WRITING
@ wells fargo fraud i am from broward county bought a new home in miramar sold it because my husband lost his job and could not get re employment and our 2005 tax bill was 7k not included in my mortgage. as an RN i thought i would move 300 mi north on well, septics, limestone road , low taxes a far throw from hollywood/miramar but still facing foreclosure because as 47 yr old nurse, i am the not same person i was when i was 20. all the people i worked with a memorial regional knew me when i was 20 never had a work problem worked in hialeah, at hollywood medical center (now part of memorial system)) never a problem, here in west florida cant seem to keep a job. i am struggling since 2009 wells fargo has been playing with us wanting us out of this home since we bought at the peak and its worth alot of insurance money my loan. we need to friend each other and stick together. go to hollywood beach for me a ndwatch a sunrise or eat at oasis for me (wings and pizza) and tell mama how much i miss her (the owner) but we need to read and read and support each other. please go to foreclosurehamlet there is alot of help and posts. and we will prevail and get through this. wells fargo has lost the last freaking paper work and moved the last file ever on me. i am done god bless all of you
I Vent – I am a female calmer version of George Carlin. He was ahead of his time and now look at the sad state of affairs. Makes ya wanna puke. The bottom line is, who can stop it? My son’s generation couldn’t care less about politics. He and his fiance make tons of money. They don’t feel the things we feel…God help them as it is them that will also suffer when the country falls in to dicatatorship. His generation are spoiled and have not been deprived…so they will really feel the pain if things get really really bad. As far as I can remember I always felt like Geroge Carlin with regards to our political and legal system. Money and Power have become the only thing in life that matters now….and that, through history, will bring destruction…it is inevitable. Why do the people with no mortgage issues not care? As long as they’re lives are rolling along OK, they don’t care what is really happening around them that also concerns them. Isn’t that how Hitler thrived and other monsters like him? As long as it doesn’t affect them personally, they turn the other way. We can all keep fighting, but I believe God will have the last word and it may not be in the time frame we want. The other option will be if there begins to be bloodshed. I pray for all of us and hope that those in a real position of strength and power will take up the cause. What more can you do?
Yes Katheryn, I agree with you. Only one of my kids _really_ gets it. No one is safe. My husband and I were making ALOT of money also 5 years ago. That is what I mean. This financial crisis can happen to anyone at any time. Trickle up poverty being caused by well planned strategic class warfare by the elite and their minions. Many do not realize, they are only one job loss away from us.
oh yea watch …for the fema take-over later in MAY 2011 in the mississippi region.
angry, heard about that one! The new madrid quake on 5-11-11? Ill. is sure to be doomed, it has the most nuclear reactors in the country, because Ill is so corrupt it is really bankrupt so they would rather just nuke us than make the criminals pay . Oh well so much for making the people in Ill pay the 67% tax hike and the 155 billion dollar tax hike in property taxes by the year 2015 to cover up for all of the misssing policemen and firemens pension money!! They would rather annihilate all of us then let the people stay in their homes!!! been seeing those black helicopters flying overhead everyday. . this stuff is all over you tube. They are predicting 11-11-11 is doomsday for the rest of America to be annihilated by no doubt solar flares or an alien invasion!! I wonder if the elite will let any of us in their underground bunkers? LOL!!!! So why would anyone be going to work to pay a mortgage??
Yep, rather than following the rules and regulations, promulgated by FHIP/and FIS — no one enforces the floodplain management regualtions. Why?? Cause every year thousands, millions of dollars come in to the government coffers disguised as Flood Insurance premiums. Why look a gift horse in the mouth. It’s another PONZI scheme. OH and there is no mortgage moratorium. The banksters never ever stopped foreclosing and the courts never stopped in PA. What a crock of crap lie the government fed the media.
FEMA Take over ?? ha just another scam to help the banks.
A neighbor of mine on a river was flooded out, applied for FEMA assistance, appealed the award amount, after six months of run around and guess who took the FEMA MONEY ! yes you got it, the check was made out to the property owner & the Bank., $85,000 (eightyfive thousand) and the Mortgage Holder-the bank took the $85,000. while foreclosing during a short sale deal.
The Bank sent lawn maintenance a couple times just prior to Foreclosure sale-no bidders-then they cancelled the sale. As of today It is vacant, rotting, molded beyond repair now and should be condemed. Central Heat& AC and all copper, anything worth stealing is gone. Neighborhood kids ride their ATV’s, party & fish there-trash everywhere, break out the windows, etc.. Recent storm downed two huge trees that now cover the backyard.
BOA/Countryfired- never transferred the DEED. This means my former neighbor is still liable, and property values are tanked-again. Sure hope some old drunk or wild teenager is not injured, drowned or killed over there. I have reported it to my County Code Enforcement-no action for two years. Also called County Sheriff several times to report thefts-Sheriff said “Lady this is happening all over our County and there is nothing we can do about it.” Code Enforcement says “oh we have ways to get this eyesore taken care of & Mam you need to stop mowing and cleaning up over there, you are tresspassing !”…………all BS. I pray FEMA helps those without a home and dosen;t just send the checks to the BANKS.
catherine, funny how you call a sherrif to come to an yesore hurtiing the county and they want nothing to do with it but a bank calls to evict a family after foreclosure and they are there. amazes me. doesnt anyone think for themselves anymore, if we could sell these homes we wouls. if we can modify the loan to an affordable level we would. ever wonder how much BOA or wells fargo pays the sherrif to evict families??? must be alot if they are still doing it
After Katrina, I don’t think anyone wants their so called help.
Time for President Obama to release the American people from this ongoing foreign financial terrorist hostage takeover of America. TIME TO TIE WALL STREET TO THE WHIPPING POST!!!!!!!!!!!!!!!
I agree, jail is way too good for this financial terrorism.
President Obama, We The People refuse to negotiate with the financial terrorists who robbed us and are continuing to rob us. The U.S. Constitution. the Bill of Rights and property laws and criminal laws were put in place to protect We The People from such a TYRANNY. We The People are demanding that you STOP allowing the ONGOING FOREIGN FINANCIAL TERRORISM AND TYRANNY TO TERRORIZE THE AMERICAN PEOPLE, President Obama!!!!!
i agree with you the lawyers do not want to sue wells fargo for fraud , because fraud is hard to prove. but if oyuand me caused fraud someone would find it. i stopped negiating. i can not continue the constatnt lies that they are dishing out. the moved my file out of hamp revirew and are saying my file was never comprimised never
moved. how do we keep going on. why all the new laws after the fact. did you here about mass. wanting to sign a bill to protect homeowners equity. this is insane. they make you put 20% down or oyu cnat but the house and then they take it away from you no recourse no negotiation. but if we leftin the bank we were insured onit. welli t was in the bank and should still be insured. we should get info on getting our equity back or our down payments. i would take my down payment back and leave tomorrow. thats what we need to find out our down payments should be protected just like we put itin the bank in an account. wellisnt our mortgage an account.??????
We should be getting monetary restitution + the house. They scammed us in their PONZI SCHEME AND THEY STILL ARE WITH THE FED AND WALL STREET. They had NO skin in the game. Whatever we put down, they pocketed. They keep the full debt owed on the books at the hyper-inflated value. They are really insolvent because of the Fed’s fractional reserve system.. They got paid 3-4 times the home value plus they made trillions off of the MBS fraud. They sold bundles of bad loans mixed with a few good loans to investors. They knew those MBS’s would fail when the bad loans failed, we would all fail. They also insured that failure with AIG with the Credit Default Swap insurance and had the loans AAA rated when they knew that was a BIG LIE AND SO DID AIG. COULD WE INSURE OURSELVES AGAINST THEIR FRAUD???????? It was a giant PONZI SCHEME scam, they set us homeowners and commercial property/business owners up to fail and made hundreds of trillions off of our failure and it was INTENTIONAL and THEY FULLY INTENDED TO CA– USE PERMANENT HARM. We The People went to an FDIC insured bank for a mortgage loan and we trusted that bank because it said FDIC on the door. .Little did we know how MASSIVELY AND PERNISCIOUSLY WE WERE BEING DECEIVED. All they REALLY did was FLOAT A LOT OF BAD DEBT AND THEY MADE HUNDREDS OF TRILLIONS OFF OF THAT FLOAT AND NONE OF IT WAS EVER SECURITIZED, YOU CANNOT SECURE A SPECULATION. HARD TO PROVE THEIR FRAUD?? NOT really. THE PROOF IS everywhere but it is mainly in the MILLIONS OF FRAUDCLOSURES. 3 MILLION PEOPLE BOUGHT A HO– USE THEY COULDNT AFFORD? ANOTER BIG LIE!!!!!!!! These FOREIGN FINANCIAL TERRORISTS WHO WORE AN AMERICAN FACE, called in the FAKE, BAD DEBT THEY CREATED WHEN THE STOCK MARKET CRASHED, THEY INTENDED FOR ALL OF US TO LOSE AND THEM TO WIN HUGELY ALL OVER AGAIN WITH FRAUDCLOSURES AND CREDIT DEFAULT SWAP INSURANCE MONEY. THEY GOT PAID+++++++++++. They can all GO TO HELL WHERE THEY CAME FROM. I have at least $300,000 CASH INVESTED IN THIS HO– USE WITH THE CASH DOWN PAYMENT AND THE 20 YEARS OF SWEAT EQUITY. THIS HO– USE IS NOW WORTH LESS THAN THAT. THEY HAVE NO MONEY INVESTED IN THIS HO– USE SO THEY CAN TAKE A LONG WALK OFF OF A SHORT PIER.. SCREW THOSE CROOKS!!!!!!!!!!! ME, WALK AWAY WITH 100 GRAND, AND LET THEM WALK AWAY WITH CREDIT DEFAULT SWAP INSURANCE MONEY WHICH IS 3-4 TIMES WHAT THIS HOME IS WORTH PLUS THEY GET THE HO– USE???? YEAH RIGHT, OVER THEIR DEAD BODIES.
funny how these laws were put into place to protect us and we are not the ones protected. WTF
@ i vent isnt it funny how weeks go by and nothing is ever done. i am as angry as you are. i am sitting here in floridah on mothersday writing because i feel so bad for my children. we love our home and to have taken out from under us because wells fargo is not held accountable for any of there wrongful lies.we need to brain storm ans start fighting . we need to write 60 minutes, rolling stone. we need to get this info to the media. ssssssister@yahoo.com ps did i ever tell how much i hate my sons net book. the keybaosrd is to small sorry about all the typos.
Max Keiser said it best last fall when there was the short moratoriium on fraudclosures, on his show the Keiser Report on RT. He said, If they can’t steal the peoples homes their next move will probably be to gas all of us in our homes. Funny because around that time, my local news had a report on how homeowners can find out if there are bad gas pipelines in your neighborhood. They are truly maniacal and diabolical. Let’s keep fighting the good fight!!!!!!
Quote:This week, Bank of America, Wells, JPMorgan and Citigroup said they collectively could shell out as much as $11.8 billion in litigation losses beyond amounts that they’ve already set aside, regulatory documents filed with the Securities and Exchange Commission show.
The subject article contains the above quote while acknowledging the banks apparently made 20 billion in their fraud scam that took down the global economy.
Is this their offer?
So, no fines, no penalies, no charges, no principal reduction and the government gets the fine money.
What do we homeowner get who were defrauded?
A swift kick?
seems like we are being left to burn. we are the witches we made this happen. its our fault we do not send in the paper work. they dont move files its a figment of our imagination. what does the OCC do when they read these complaints+ whipetheir arces with it.??? we need help fast i feel like i am drowning going down. none of this makes sense we have been told by all the presidents to buy a house becuase of the intrest deduction so now we have these houses and lost jobs no one wants to help us seems sick to me
If these banksters did nothing wrong why the big budget 11 billion to defend themselves in court?
Watch for all to smooth out by 2012 elections as big corporate spenders prime the coffers with a little campaign folding money. If they can stretch it out that long, as they say in the South,
‘everythangs’ gonna be alright!
OMG Kathryn, you’ve not been reading the reports coming out of the white house . Janrette is gone, she blocked
the mission of getting OBL one time too many. She is the president, not the O!. Between Panetta, Hillary, and Daly they finally pushed Janrette out and TOLD the O! what was taking place, and what his speech afterward was going to be. Obama had to be dragged away from the golf course, and the move was already activated when he arrived at the war room. There was a coup in the white house.
As to this so called settlement….when are the thugs and crooks going to jail? When is there going to be justice for the borrowers and the investors? A double ponzi scheme robbing from both ends of this deal.
I won’t argue about the OBL coup as the whole truth is never released. This ponzi scheme has been going on for a long time and did not start with this admin. I am not defending O’bama just stating the facts as I know them. Yes, it is white collar crime at its finest, but ask yourself how it was ever allowed to go on like this. As I said, they will all use the excuse that there is no way to fix this obscene mess without bringing the banks down. We need to let them know that the world will not end if these major player banks go down….life will go on and we will rebuild. The bigger the mess gets the more they use it as an excuse that we need to change laws and regulations and codes to undo the illegality of their dirty rotten deeds. I may be wrong, but I only see this as pursuable throught the courts all the way up to the highest court, and as I have said many times, the ACLU needs to be heavily involved because there has been many many breaches of basic civil rights and laws. It depends how much pressure and how loudly the right people squawk whether or not these crooks will ever do jail time. Sad but true.
I’m thinking that the president keeps things pretty much under wraps until he collects information and then acts. What a coup with bin laden. I have not been his biggest fan of late and really felt he was really allowing the people who voted him in down in a huge way, along with the other tax paying citzens. However, I started thinking that he is a quiet man and, no matter what else, very intelligent.
It will soon be time that the politicans will be gearing up for the next election. It would not surprise me if he is collecting all the information he needs and when it is closer to election time he will pull out all the stops to help the votes that got him elected this go around. He will then see to it that wallstreet and the banks get some sort of punishment, maybe not what we would like, but more than it appears now. He will make sure there is some kind of redress and I don’t think he is a man who takes threats, like those from the bank ,that the sky will fall if they are made to make amends for the horrible fraud perpetrated on us as well as taxpayes not in or threatened by havin their homes snachted out from under them.
He could use this to his political benefit and that would be another great coup on his part! Just a thought and I’m having trouble with thoughts lately as I am emensed in research and so many pages of information as well as my files, I don’t know if I’m coming or going. Did receive my BofA foreclsoure threat letter today so it really brings it all closer to home, if you know what I mean.
You are naive. Big banks give campaign money and they give most of it to Democrats. Obama has announced he intends to raise ONE BILLION dollars for his reelection campaign. Where do you think a big chunk of that is coming from? Poor people?
So you are saying that nothing will be done by anyone? One Billion for his campaign won’t do jack if there is not anyone voting for him…..do ya think he can count on Republican votes….right. They all raise that kind of money for their campaigns…do ya think Trump will be a great leader…..Right. Do ya think any campaign money for any election comes from POOR people….Right… and you call me naive. Maybe looking for some hope through the fog…but not naive. Truth be told…I despise all politicians. Everything in every part of our society is about more money and more power. There is nothing left in regards to the good of society anymore and if you think there is…you are the one who is naive. However, I think that he will do something come campagin crunch time to grab the votes he has lost and continues to loose by the middle and lower classes. That is just my opinion and only time will tell.
dont kid yourself..your votes dont mean jak! you cant believe that the owners could allow you or I to upset the plans??!! na… does Jeb bush ring a bell?
just sayin…… fukem!
Katheryn, It is all so confusing. If nothing is done to make WALL STREET and the Big Banks pay for this ongoing Foreign Multinational Ponzi scheme heist than I say don’t vote for any of the bastards. If nothing is done for all of the victims than that proves they were all complicate and therefore America is no longer a Democracy. If that is the case, than why would anyone bother to vote? Sen. Dick Durbin already stated that frankly, the banks own the place, meaning CONgress. I say both parties dem or repub are completely corrupt and therefore useless, a bunch of tools Have you ever watched the George Carlin videos entitled, Why George Carlin does not vote, you have no rights or the owners of the country ? They are on you tube.
MULTINATIONAL FOREIGN OWNED AND OPERATED, FANNIE/FREDDIE, APPRAISAL FRAUD, HUD FRAUD, FDIC INSURED BANK FRAUD,CONTRACTER FRAUD, PRETENDER LENDER FRAUD, RATINGS AGENCY FRAUD, ORIGINATION FRAUD, FRAUDULENT INDUCEMENT, SECOND BANKSTER FRAUD, MERS FRAUD, SECURITIES FRAUD, GOLDMAN SAKS AND LEHMAN BROS AND MANY MORE SELLING BAD LOANS TO THEIR INVESTORS,, NEW PIN # TO HIDE THE ORIGINATION FRAUD, REMIC FRAUD, SPECULATING ON THAT FRAUD AND MAKING 1OO TRILLION DOLLARS ON THAT FRAUD ON WALL STREET WITH SUCH MORTGAGE DERIVATIVES AS CDO’S THEY KNEW WOULD FAIL,MBS FRAUD, AIG KNOWINGLY INSURING BAD LOANS, CREDIT DEFAULT SWAP INSURANCE FRAUD, TITLE CO. FRAUD, INTENTIONALLY CREATING A MASSIVE HOUSING BUBBLE WITH THAT FRAUD THEY KNEW WOULD CA– USE A FINANCIAL CRISIS, INTENTIONAL STOCK MARKET COLLAPSE, THE ROBBERY AND SWINDLE OF AMERICA,THESE FOREIGN MULTINATIONAL BANKS AND INSTITUTIONS, POSING AS AMERICAN INSTITUIONS SET THE AMERICAN PEOPLE UP TO FAIL, WHO SENT ALL OF OUR JOBS OVER SEAS?,FORGERIES OF LEGAL DOCUMENTS, WHERE’S THE NOTE? FRAUDULENT AFFADAVITS, NO PROOF OF OWNERSHIP BY THE PRETENDER LENDER, NON’JUDICIAL FORECLOSURES, BILL HR 3808, , CONSTANT WARS, MASSIVE JOB LOSSES, IMPOVERISHMENT OF THE PEOPLE, BLAME THE VICTIMS, DEPRESSION,CAUSING SUICIDES AND THE BREAK UP OF THE FAMILY, DESTROYED OUR CREDIT, MASS UNEMPLOYMENT, CAN’T AFFORD TO SEND OUR KID’S TO COLLEGE, ABANDONED PETS, PEOPLE LIVING IN THEIR CARS. DANGER OF LIFE AND LIMB,NO DUE PROCESS, FLOUTING OF THE PROPERTY RIGHTS AND THE CONSTITUTIONAL RIGHTS OF WE THE PEOPLE TO STEAL HOMES THEY DONT OWN,. GIANT MULTINATIONAL CORPS. PAY NO TAX, OVERSEAS TAX HAVENS FOR THE RICH, GIANT BON– USES FOR THE CROOKS AND THE CEO’S WHO ROBBED US, THEY HID OUR WEALTH THEY STOLE IN OVERSEAS BANK ACCOUNTS AND INVESTED IN FOREIGN LANDS., LACK OF AFFORDABLE MEDICAL CARE, HYPER-INFLATED PROPERTY TAXES, . SHORT SALE FRAUD, LOSS OF HEALTH INSURANCE, LOSS OF PENSIONS, LOSS OF 401 K’S. LOSS OF SMALL AND LARGE BUSINSSES, LOSS OF COMMERCIAL PROPERTY INVESTEMENTS. HYPER-INFLATION, DEFLATION. THE FED, QE1&2,THE HAMP, TALF, BAILOUTS.THE OBAMA PLAN, YOUR APPROVED, YOU WERE DENIED BY THE U.S. TREASURY, WE WANT YOU TO SELL YOUR HOME THAT WE DON’T OWN. STRONGARMING THE AMERICAN PEOPLE FOR DELINQUENCIES THEY DONT OWE, LOAN MOD SCAM, BACKDOOR BAILOUTS. FROZEN CREDIT FOR MAINSTREET, CASH FOR KEYS FRAUD, DEED IN LIEU FRAUD, CROSS COLLATERLIZATION FRAUD,SCRIVENOR’S ERRORS, ROBOSIGNING FRAUD, FRAUDCLOSURES, DEVASTATED COMMUNITIES BANKRUPTING AMERICA TO PAY FOR ALL OF THE MORTGAGE FRAUD AND THE PONZI SCHEME HEIST OF AMERICA. STOP THE INSANITY, STOP THE FRAUDCLOSURES. WE THE PEOPLE ARE SICK AND TIRED OF BEING SWINDLED AND ROBBED.
PRESIDENT OBAMA, MAKE WALL STREET PAY FOR ALL OF THE MISSING MONEY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ivent
i dont know but i’d say by ALL THE CAPS your PISSED OFF!!hahaha
you can ask obamanation all you want- he is THEIR puppet= no help .
i say death by 100,000 [lawsuits ] paper cuts is are only way of US reaching their bottom line.
vampires have- NO SOUL, NO HEART,NO HOPE FOR PAROLE.
there can be NO SETTLEMENT.. but retribution is another matter. like $ 2 trillion for those foreclosed on already , $ 1 trillion for those still fighting, the expelling the complicit gov officials, revoking the pensions of all the regulators that ignored the facts re fraudclosure, & prison for the servicers & their lawyers [ all of them], liquidate the servicer[s] companies – donate the proceeds to homeless shelters.
i’m just sayin….fukem!
angry and not taking it, I guess you could say I had a moment of temporary insanity. It happens to some of us now and then when you get sick and tired of all of the b.s. I am calmer now. I forgot to add UNRECORDED therefore, UNSECURED CROSS COLLATERALIZATION, which appears on title as a lien, but, was paid off by the ‘ORIGINAL LENDER’ , I have the original cross collateralization mortgage that they said they would NOT need to use, SNEAKY,SNEAKY, but no mortgage/lien was every recorded at the CROF DEEDS because I have it in my possesion. FRAUD ON TOP OF FRAUD. RESCIND!!!!!!!!
Sounds like it may be a step in the right direction. Would have to see the actual terms to pass judgement. I believe that the only real justice is to force the banks, lenders and pretender-lenders, to back off, and release claims in the cases where they have no actual ownership. (Not holders in due course, no Original Note, Forged Notes, and Allonges, etc).
You all know that if we used the analogy of a lien on a automobile title, and if it were not there, or not perfected, a photocopy would not do.
You also know that if one of us tried any of these con’s, we would be facing State and Federal charges and more than likely be sitting behind bars.
Challenge everything. Keep fighting. Good luck to all.
i think what is happening is we all know the fraud is there but individually we do not know how to get our voice heard. i have what everyone has told me to do writer htis one write that one. but all i get is more smoke blown up my arce. my last letter from wells fargo states my finacial info was never ocmpromised even thought they moved my file and then denied me a hamp loan for failure to send paper work which i sent fed ex. its getting the word out to people’ we need to get together as a group and fight this. it is not going to be done on here or by ones self. lets get suggestions together. i have had enough of wells fargo
Screw the loan mod., your house is paid for. The proof is in the ORIGINATION FRAUD at your CRof Deeds office. and in the tilte. Your deed is insured as being true if you have the title insurance policy attached. What do they have to prove ownership? They are the ones who have to prove. They cant give a loan mod for one, they are merely a bill collector and two, the debt never existed. The loan was a mere speculation on your ability to pay or your inability to pay the crooks. They made hundreds of trilions off of that speculation and insured that speculation with AIG. Now they want to steal your house back for pennies on the dollar and collect 3-4 times what the house is worth with Credit Default Swap insurance and dump or keep the house, whatever suits THEIR BEST INTEREST. It was and is a giant Ponzi Scheme to make the wealthiest 1% richer, the so called elite, and peasants out of you and me and all of the rest of us..They also don’t want WE THE PEOPLE to own any PROPERTY, they want us to own nothing but DEBT that they create out of THIN AIR. Don’t give up, the proof is everywhere.
i understand what you are saying but there is no way to prove unless we get it out there to the media and in the right hands. we need to brainstorm and start writing people. i beleive you but cant stop my forclosure. the judge will still give my house to the bank. its up to me to find the fraud. cant even find any assignments do not even know how to. i am a nurse not a lawyer or county records worker. email 60 minutes and tell them. write everyday until someone calls you
more and more lies, Screw them. Have you been to your county recorders office? In my state you can go online and see everything they did. This website gave me all of the info I needed to go find the fraud. The link to living lies on the right is also a good resource. No lawyer or judge is going to find the fraud for you, you have to do it. The proof is in the title too. We all have to do our homework. There are alot of dots to connect. I went through the loan mod nightmare and that is how I ended up here. You can do it.Look for the ORIGINATION FRAUD.