50 State Attorneys General, Beware, It’s a Trap | NY Post Probe Finds “Problems” in 92% of Bank Foreclosure Filings

And in a stunning 37 out of 40 cases, The Post discovered a broken chain of title from the original lender to the company now making claim against a local family for its home and thousands of dollars in questionable fees.

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It took Abigail Fields a short time to confirm the banks paperwork “problems” were pervasive. Now the NY Post hits it out of the park. With all this, and the recent reports from Reuters and the Associated press on Robo-signing, you would think the 50 State AG’s would see this for what it really is. The biggest PONZI scheme in the history of the world…

From the NY Post…

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House of cards – Post probe finds problems in bank foreclosure filings

The banks still just don’t get it.

In a staggering 92 percent of the claims brought by creditors asserting the right to foreclose against bankrupt families in New York City and the close-in suburbs, banks and mortgage servicers couldn’t prove they had the right to kick the families out on the street, a three-month probe by The Post has shown.

But that didn’t stop the banks from trying.

By robosigning documents and pressing foreclosures without the proper paperwork, banks have attempted to steamroll their way over sometimes-outgunned homeowners, The Post has uncovered.

But homeowners and the courts are starting to fight back.

Forced to finally face the mess, banks find themselves driven to the bargaining table, where they now hope to win a global settlement with all 50 states and the federal government. The tangled, complex mess in New York shows how tough — and expensive — such a settlement could be for the banks.

The Post dug through more than 150 Chapter 13 bankruptcy filings from June 2010 in New York’s Eastern and Southern federal court districts — covering the five boroughs, Long Island and nearby northern counties including Westchester–in search of local foreclosure or pre-foreclosure cases. We then put together a random sample of 40 cases where creditors such as banks — but more often loan servicers — filed proofs of claim for first mortgage debt.

The research unearthed claims riddled with robosigners, suspicious documents and outrageous fees. And in a stunning 37 out of 40 cases, The Post discovered a broken chain of title from the original lender to the company now making claim against a local family for its home and thousands of dollars in questionable fees.

Check out the rest here…

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4closureFraud.org

Comments
13 Responses to “50 State Attorneys General, Beware, It’s a Trap | NY Post Probe Finds “Problems” in 92% of Bank Foreclosure Filings”
  1. incognito123 says:

    Hmmm, MA independent audit says 87% are bogus. NY Post says 92% are “bad” – – – guess we still haven’t seen any WIDESPREAD problems yet Sasser, (and most judges for that matter) have we? Guess it is only widespread if it reaches 100%????

  2. Fury says:

    i’m glad that this article was published.
    i hope the NY Post does many more fraudclosure stories.

    it is strange. the NY Post and the WSJ are both murdoch publications.
    normally they would have been on the banks’ side.

    perhaps the walls are finally crumbling down.

    • lvent says:

      Fury, I hope that is the case….but, there is no doubt they have had a plan all along about what they are going to do with all of us……and they know we are ALL going to go effing nuts…..CNBC was doing a story this morning about how more and more Americans are renting and that is becoming a new “trend” and people are liking it…..They better not effing even try it..or ALL HELL WILL BREAK LOOSE….AND I DON’T WANT TO BE ANY OF THOSE BASTARDS WHEN IT DOES..THERE WILL BE NO NATION OF RENTERS IN AMERICA, NOT NOW, NOT EVER…..NATIONAL SOVEREIGNTY WILL PREVAIL!!!!!!…BESIDES, THE FRAUDSTERS NULLIFIED THEIR OWN MORTGAGE CONTRACTS AND DESTROYED ALL OF THE EVIDENCE THE LOANS EVER EXISTED (THE NOTES) AND NOW THEY CAN ALL EAT THE SHIT AND DIE…..BECA– USE OUR HOMES ARE PAID FOR FREE AND CLEAR….CLEAR TITLES GO BACK TO THE HOMEOWNERS WITH MONETARY RESTITUTION OR _THEY_ ARE_ ALL_ GOING_ TO_ DIE_…….

      • lvent says:

        Have you noticed Obama and all of the politicians look a bit sweaty and nervous lately??? They should be…the jig is up….And the media can stick their straw poll up their lying asses…..they are all going down…with the Federal Reserve and Wall Street, the whole New World Order bastard bunch of them….!!!!!!!!! National Sovereignty will prevail!!!!!!…the American people are FED UP and WE THE PEOPLE are NOT going to take anymore of their LYING, CONIVING, DECEITFUL BULLSHIT…..

      • I VENT….Did anyone from Florida show this link…http://livinglies.wordpress.com/2011/08/16/bank-amnesty-attempting-again-to-corrupt-florida-title-and-foreclosure-process/ the frig’in bank assoc…cannot stay away from Tallahassee….This is new today but I haven’t read all the comments…so it may have been shown already…….other states should read it also…it may be ‘silent ‘ workings in their Capitol……but if something dirty is being pulled it starts in Florida….the smell of fraud just keeps getting more rotten.
        You say CNBC claims more and more people are renting ….AND LIKING IT….They can shove that where the sun don’t shine. Of course they are renting…first off…what bank would or could finance to people who were just victims of THE THIEVERY of their homes? No jobs…No cars…THEY HAVE TO RENT TILL THEY GET THEIR HOMES BACK FROM THE THIEVES…THE CRIMINALS…THE SICK MULTINATIONAL FOREIGN FRAUDSTER BANKSTERS…..SOME THINK THE WALLS ARE CRUMBLING….NOT FAST ENOUGH….FALL NOW……….
        THIS IS SUPPOSE TO BE THE YEAR FOR MONEY…OCTOBER HAS 5 SATURDAYS, 5 SUNDAYS, AND 5 MONDAYS…HAPPENS ONLY EVERY 823 YEARS….DATES OF IMPORTANCE THIS YEAR…..1/1/11….1/11/11….11/1/11….11/11/11…….2 HAVE PASSED AND 2 MORE TO GO…..HMMMM ANY IDEAS ON THAT?
        And for those who did not see this earlier…TAKE THE LAST 2 DIGETS OF THE YEAR YOU WERE BORN…..ADD THE AGE YOU WILL BE THIS YEAR….THE RESULT WILL BE 111 FOR EVERYONE…….JUST SOMETHING TO GET YOU THINKING…11-11 HAS FOLLOWED ME FOR MANY YEARS…..READ THE BOOK CALLED…11-11……
        i VENT..JUST HAD TO ADD SOMETHING BESIDES THE CRAP I AM SO SICK OF…..jUST TILL THEM TO TAKE THEIR FRIG’EN AIR MONEY PRINTING MACHINE AND HIT THE ROAD TO ROME…..WE OWE THESE JERKS NOTHING…..NO DEBT…….THEY OWE THIS COUNTRY PLENTY…..ROTTEN BASTARDS…….

      • lvent says:

        I haven’t heard that one yet Marilyn……they are always up to no good and trying to find new ways to screw all of us..It is almost a 24/7 job trying to keep up with all of their criminal bullshit…Here is another good link, The latest Keiser Report, Banking Looters:
        http://dailybail.com/home/william-k-black-on-the-latest-keiser-report-banking-rackets.html

  3. Hell No, No More Bail-OUTS says:

    I can only guess that the banksters have already bought the group of AGs that are still dead-set on coming up with a ‘deal’.

    We need to get hold of some major media mouthpiece to get the message out that IF such a ‘deal’ is struck by some group of the AGs, that those AGs and their staff members then must be subjected to an investigation to determine if they profited or are lining up jobs & further political funding by the banksters. Let the AGs know that they will be subject to the citizens calling for such a review for the next 20 years.

    That might throw some ice-water on the ‘deals’.

  4. Ron Moss says:

    Anyone who has been touched by a foreclosure action should see the value of Ron Pauls sincereity and long
    lasting voting record that is the proof in the pudding. He probably knows the government of the bankers, by the bankers, are surely for the bankers, and wants to change that back to where it once was, to we the people.

  5. Equity Free says:

    Good Morning All, to the FBI,CIA, NSA,NSC,HLS,OCC,FAA,AAA,IMF,IRS,WMD,POP, SWA, CEO, POPO , ET EL

    EVERYBODY KNOWS …. IN NYC, DC, SF, BE, TO, MI, LO, CH, SL, LA,.& ANYTOWN……… FOLLOW THE MONEY……………. WE

    WANT IT BACK ….

    TY

    LBJ

  6. qny81 says:

    We have to sue our “lenders/servicers”. Don’t let them take your home from you.
    Check out Dr. Ron Paul for President – the establishment wants you to ignore him, even though he was the real winner of the Iowa Straw Poll – there are 218 votes not counted. Dr. Paul is a libertarian running as a Republican under the true meaning – true conservative, getting rid of the Federal Reserve, IRS, bring the troops home, etc. That is why the main stream media want you to ignore him because if he wins, the governement size will be reduced because that is what the people want. Check him out – he is ignored in virtually every article. Since the government does not want you to listen to him, that is the best reason for you to look him up. His voting record is impeccable.
    http://www.prisonplanet.com/establishment-media-admits-conspiracy-to-ignore-ron-paul.html

  7. Alex says:

    TIME TO FILE FEDERAL CLASS ACTION RICO CIVIL SUIT.

  8. TheHutMaster says:

    Unless you live under a rock, you know this is an attempt to cover FRAUD.

    How long are we going to continue to discuss this Silly Deal”.

    Hang the fuckers and thorw them in jail.

    “Fight The Good Fight”
    Every Minute, Every Day!

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