From the man who brought us Bankster v. Deadbeat Debate…

And most recently Untangling the Foreclosure Mystery…

Now we get his next article…

But first, some comments from Matt…

The editors sat up and took notice by the responses in the comment section and have assured me a total of five commentaries…I know the response is in direct relation to your support, and that of your readers!!  Thanks again.

Granted the slant is local, and this week I covered the County Clerk, but next week I start to discuss what the Judges have been up to!  I expect to be escorted out of the Keys very soon!!  The response throughout the community has been great as well.

Keep up the good fight!

Matt

HOW THE DOG ATE MY MORTGAGE ASSIGNMENT— PART 2

by Matt Gardi

Part Doo because this is where it really starts to stink, and we’re all stepping in it.

If you recall last week I began to unravel the foreclosure mess that is invariably affecting every one of us. I began this series of commentaries to discuss how all of the economic ailments you are hearing about lately are intimately entwined.

Property values, court budgets, pension funds, robo-signing, tax base, foreclosures, and bank fraud are all seamlessly linked together.

Last week I described how main stream media covers this crisis superficially, and never gets to the meat of the story, while only touching on foreclosure “paperwork issues” the banks are having, and thereby omitting the holy grail of systematic fraud.

I posed the question, “Why do the banks have to produce questionable documents to proceed with a foreclosure?” and “Why can’t the banks simply use the documents on file in the County Clerk’s Office to foreclose?”

I alleged rampant, intentional, widespread bank fraud is the reason, and I answered the questions above by suggesting that the banks intentionally destroyed original notes and mortgages. On purpose.

I also suggested that they intentionally avoided filing subsequent assignments of mortgages, thereby evading billions in filing fees. I left you with another question: Why would the banks intentionally do that?

Here is a quick synopsis of what was going on during the housing bubble. Mortgages were intentionally being given to anyone, so long as you were breathing, and in some cases even if you weren’t.

So if you know someone who exploited this open spigot of cash, remember they could not have done it without the banks being COMPLETELY willing to provide the poorly underwritten loan.

Now get over to the original post to read the article in its entirety and get involved in the comments here…

If we can get more local voices to speak out, we can really educate the masses…

Thanks again to Matt and  his editors for reporting the truth

~

4closureFraud.org