ATTN: PENSION FUNDS | Where does the money go when the trusts “liquidate” the homes in REO?

ATTN: PENSION FUNDS: Where does the money go when the trusts “liquidate” the homes in REO?

Posted by L

Here are two interesting examples:

EXAMPLE ONE:

One is a $420K loan in Lee County, FL that went into foreclosure, Wells Fargo as Trustee for Option One Mortgage Loan Trust 2007-CP1.  The property went back to the trust at foreclosure auction.  Then the sale was reversed per request of the Plaintiff “Wells Fargo as Trustee”.  Apparently the trust was not notified of the reversal.  (Is there any way for these trusts to account for a reversed sale?)   Under the impression that the trust owned the home, it was then sold to a couple who is now mired in a legal nightmare.  They paid $154K cash for the home PLUS $80K in upgrades & repairs.  Story here & here.

I looked at the investor report where the sale was accounted for.  Where did the $154K go?   Has anyone seen this issue discussed or litigated?

Here is the section of the report dated Dec 27, 2010, where the cumulative realized loss is $437,885.98 (almost $18K MORE than the original balance of the loan).

 

Assignment of mortgage on this one was done by (LPS) Topeka Love…

___________________________

EXAMPLE TWO

Example number two is especially interesting since it comes from a loan that is in the tranche of a trust that is of the FHFA v BoA lawsuit.  It was supposed to be conveyed into Banc of America Funding Corp (BAF) 2005-SALT1F

THE FHFA v BoA LAWSUIT:
STALT 2005-1F 4A1 SunTrust Asset
Funding, LLC
BOA Funding BOA Securities
Group 4

ONE LOAN FROM GROUP 4 – EXAMPLE  Loan # 34829150

Originated 11/23/2005 for $162,4000 (supposedly at an 80% Loan to Value) on a Delray Beach , FL property.

It’s very confusing to figure out what happens to these loans.  The 2010 investor reports state that the loan went into foreclosure in April 2009, which is not true.  It went into foreclosure in Sept 2009  docket.  The trust, marking a “liquidation date” of 9/30/10, booked a “cumulative realized loss” on the Oct 2010 investor report of$150,819.43.   The property was not sold to a third buyer until March 2011 for $35K.  The foreclosure lawsuit was withdrawn in Feb 2011.  The property is now assessed by the country tax appraiser as worth $41K here.      Where did the $35K go?  How was the cumulative loss calculated?  To whom was the loan sold out of the trust in Sept 2010?   The mortgage has not been released or satisfied per the public records.

 

These are not isolated incidents…

~

4closureFraud.org

 

Comments
32 Responses to “ATTN: PENSION FUNDS | Where does the money go when the trusts “liquidate” the homes in REO?”
  1. Need attorney recommendations who can defend me. Countrywide Mers laced mtg which was securitized and claimed as owner of debt by US Bank Trustee for a securitized trust.

  2. Judy says:

    THANK YOU………..this stream has expressed all my rantings for me. I so don’t feel quite alone as before. Is there a forum I can follow, so as to” tag along” with you guys? If so PLEASE forward it to me. I have felt so emotionally isolated on this “TRUTH” journey of mine……….that more times then not I wish I would just STOP breathing already….. This deception is too painful to bare alone, and all the “hypnotic sleepers” around me don’t WANT to wake up….The TRUTH just rocks everyone’s reality world too much ! My daughter just made reference to the “locus” that are coming…..ha ha…. I just want to grab hold of their shoulders and shake them madly until they awaken.Sorry for the drama ….but Please don’t leave me alone out here !

  3. Ron Moss says:

    Once upon a time. therew was a nation that fell into the hands of the Federal Reserve. the federal What? there is no such thing as the federal reserve. Ask Ron Paul he can fix it all.

    • neidermeyer says:

      In the Wells Example it was actually AHMSI (aka Wilbut Ross ) that was foreclosing , Wells Fargo probably wasn’t notified by AHMSI or LPS (LPS is used by AHMSI in foreclosure actions and document fabrication) , just named as plaintiff by AHMSI’s foreclosure mill team… I can say with certainty that any Option One foreclosure is fatally flawed by a failure to deliver the note to the trustee (usually WF) and that if AIG didn’t pay off the OOMC Trust in question then it was sold at a DEEP discount to Wilbur Ross and that he has absolutely no security interest ,, just unsecured collection rights , just like his bill collection companies.

      WHEN ARE WE (AHMSI DEFENDANTS) GOING TO SUE WILBUR DIRECTLY???

    • Ramon says:

      The banks and thieves and PENSION PLANS were bailed out by SOCIAL SECURITY AND MEDICARE FUNDS!

    • Ramon says:

      EITHER WE PROSECUTE THE INSIDERS IN THE PRIVATE SECTOR (BANKS, LOAN BROKER/ORIGINATORS, ETC.) GOVERNMENT INSIDERS (ie VA LOAN GUARANTEE OFFICERS) AND THOSE WHO OPERATED PROTECTION RACKETS TO INSULATE THESE SLIM FROM EXPOSURE/PROSECUTION, WHILE THEY DOUBLE DEALED THEMSELVES A MASSIVE AMOUNT OF MONEY USING THEIR NETWORK TO TRANSFER THESE FRAUDULENT FUNDS OFFSHORE, UNSEEN AND ‘TAX FREE’ EXPLOITING MERS AND OTHER DISRUPTIVE TECHNOLOGIES AND METHODS. iIT IS RIDICULOUS TO BE SCREAMING ABOUT THE ‘FEDERAL; RESERVE’, ETC AND VARIOUS OTHER RED HERRINGS THAT WHILE THEY MAY BE TRUE, TAKE FOCUS OFF THE REAL ISSUE. WE DEMAND A GOVT AGENCY OR LAW FIRM TO SET UP A METHOD WHERE ANYONE HAS DOCUMENTATION THAT SUGGESTS MORTGAGE FRAUD (ID THEFT) THAT THIS EVIDENCE CAN BE PRESENTED INTO A DATABASE FOR ANALYSIS AND CROSS REFERENCING LOOKING FOR PATTERNS AND .ASSOCIATIONS THAT WILL LEAD TO INDICTMENTS. OR CIVIL RICO SUITS.RICO. A LIST OF ATTORNEYS AND THEIR KNOWN CLIENTS MUST ALSO BE IMPUTED TO FLUSH OUT SEEMING INNOCUOUS CRIMINALS HIDING BEHIND A POWERFUL ATTORNEY WHO MAY BE PROVIDED A PROTECTION RACKET UNDER THE RADAR. SUCH AN ATTORNEY WOULD LIKELY BE PART OF THE RACKET AND NOT JUST AN ‘ATTORNEY’

  4. Jim Bethea says:

    Ivent is on the money ~~ Yes, the people have paid for these homes, etc ~~ once the “promissory note” is signed and the bank endorses it; it is just as if you had left them a check ~ This PN funds the whole deal ~

    The banks had nothing and could not legally go out and buy homes ~ however, these promissory notes funds the total money to close on a home ~ then they get to keep the “morgage note” ~ this is just a gift from the Fed Res to the banks ~

    They use this mortgage note and doctor it up with all sorts of fraudulent support documentation and sail it right through their judge buddies and a new asset belongs to the banksters ~

    I see now that since so many of these crooked banks are being exposed for their ongoing fraud, they are now trying to sell a bill of goods like ~ it’s the collection attorney’s fault, we didn’t know that ~ BS BS BS

    I am so ready for many banking licenses to be revoked and trashed ~ and the top execs go straight to Jail w/o passing Go ~~ lol

    • lvent says:

      Jim, I am appaled that there are so many traitors hiding from within our own Government and Judiciary…! What a bunch of decievers posing as Americans working for the people….!!!

      • Jim Bethea says:

        Ivent they are everywhere and this is not paranoia talking ~~~ When I first started my business of eliminating mortgages and credit card debts, I wondered across this site ~ http://www.quatlos.com ~ think the spelling is correct???

        Anyways, when I started posting in reply to some of the people who were posting about being in trouble and thinking of hiring some firm like mine; these guys [several at one time] would respond in saying there is no way to do this ~~ these companies only want your money ~~ they all want upfront money [ well this is true because we don’t want to spend lots our money on court doc filing and then the people get scared and disappear w/o investing any of their time or money]

        So when I would post a response that yes it can be done ~ immediately they would start with “I’m a retired judge and you can’t do this w/o getting into trouble” ~ “I’m a lawyer and you will end up in jail” doing this because it is illegal ~~~

        Well I would respond with citing from my old winning cases and surely they would say we looked it up and cannot find these cases [BS] ~ To my surprise my posts would disappear within 24 hours??? But their advice to the posters in need of relief would remain????

        It wasn’t until we got on the subject of “arbitration” and how MBNA Bank and the NAF Nat Arbitration Forum in MN were doing illegal and co-conspiracies with lawyers and judges to sign off on these fraudulent arbitration rulings ~ They would sign [much as the Robos do] ~ I have reviewed this case and the bank is right and you are wrong ~~ PERIOD

        Well I had several cases that we were appealing and also having client flood the atty gens offices within the states that they resided in ~~ I told them they one day they were all going down with the other crooks who owned the banks and the law firms that worked for MBNA ~

        Long story short ~ MBNA sold out along with their 2 main collection law firms in DE & GA ~ the atty gens office ruled that NAF can no long take any credit card arbitration cases ~~ I think they all should have gone to jail but at least doing my part in putting them out of business and stopping this massive massive massive national scheme that was affecting millions of credit cardholders does provide me with a great reward in doing the right thing ~~ hee hee

        These banks & the Fed Res have hundreds of employees who scan ever website that they think may be a threat to their fraud ~~ In 2003-2005 I had a website with over 200 pages and it was #1 on MSN ~ top pages with Yahoo and in the top 24 to 30 pages of Google ~ I had a monitoring system that I could check the number of visitors, how long they stayed on my site, etc ~~~ many case law citings ~ all of the basics of money creations ~ even the oil and gold businesses and how they affect the taxpayers, etc ~~~~ one Sunday morning I went into my office to check website stats and my websites were still online but every last one of the major search engines showed no signs that my company was ever searched for and no reference links ??????? I called a friend that works for Dell and Unisys corporate and he said it had to be someone with a great deal of power and acess to remove so much from so many top search engines””””” so yes they are looking ~~ hee hee

        I have even had judges to receive phone calls from the Fed Res attys telling them that they knew of the particular case that my clients had before his bench and that if ruled against the banks this news would destroy the whole banking systems ~~~ BS ~~ their ongoing fraud and greed is destroying it for them ~ they are now turning on each other and spilling the beans ~~ lol

      • lvent says:

        Jim Bethea, I can believe it…I have experienced more deception in the last year by people who claim to be there to help and turns out they are not, than in my entire life……I catch them lie once, and I know I can’t trust them….That is why the truth is hard to come by but, if you can find it you are one of the lucky ones…The truth does not stop these animals though….they are a bunch of evil demons..I googled a phrase from one of my comments here at this site, it was Freedomstock March on Washington, just to take a look and see if anyone else had thought of this name….My comment and this website came up..Right under the link there was a sneaky little blue link that said to click this to remove this website from your search engine….I came back and posted the warning here…went back and lo an behold, the little blue link disappeared….There are spies everywhere…It is a mine field of deception and lies out there in the land of the free and the home of the brave…..So much corruption it is hard to keep up with the warnings…….I try to keep people posted but this sure is one enormous conspiracy…It is going to take all of us here to get on the same page for sure…I see progress being made everyday! I will check out your link….Thanks for the info Jim!! Gotta keep sharing the knowledge and spreading the truth so we can save this great country…..that is what this is really all about, it is a wake up call for the people…God Bless!!

      • lvent says:

        I meant to say all of the people here in this country…coming together…I can see it coming…head on, right at them……How dare they “think” they can use us, make hundreds of trillions and pee all over us…..and steal everything from us..They better expect us…we are coming to get all of you, …One nation, under God…Indivisible….so there can be liberty and justice for all…!!!

  5. lvent says:

    Mr. Galston of the Brookings institute was just interviewed on Bloomberg…He said that this FINANCIAL CRISIS IS NOT CYCLICAL…..(I TOOK THAT TO MEAN IT WAS MANUFACTURED OR PLANNED) he said that Pres. Obama needs to adress the housing crisis and the needs of MAINSTREET as people cannot afford these (MANUFACTURED) mortgages anymore……He is calling for interest reduction and principle write downs (TO KEEP THE PONZI SCHEME ROLLING)……He said Obama will stimulate the ecomony by doing this..He also said that Obama needs an IMAGINATIVE PLAN FOR FIXING THE HOUSING CRISIS…THE NERVE!!!!…WE ALREADY PAID FOR THESE HOMES, SEVERAL TIMES OVER…THE PROPERTY TAXES AND THE MAINTENANCE ARE MORE THAN ENOUGH…….TELL WALL STREET TO PAY FOR THEIR CRIMES AND OUR ROBBERY…

    • Alina Virani says:

      Ivent, I totally agree with Mr. Galston. This entire mess was manufactured from the very beginning. The meteoric rise in housing prices was not natural by any definition. They entire business model was to get a warm-blooded person to sign on the dotted line and tell them they can re-fi in 2 years. At the 2 year mark, tell the homeowner the value of their property has risen and they would be idiots not to consolidate all their debts into another loan. Again, tell them they can re-fi in 2 years just before the interest reset date. In other words, make sure the homeowner is kept in debt – the more debt the better.

      Problem for Wall Street was they did not realize this business model was finite and that the value of houses could only go up so much before the whole thing crashes. Now, Wall Street wants the houses foreclosed because it will help their bottom lines and their pockets. They do not realize that by putting people out on the street and basically sending them into poverty, there is less money to circulate. Had they modified the loans back in 2007, the economy would be better off because Main Street would have more confidence.

      • lvent says:

        ALINA VARINI, THE PROBLEM WITH WALL STREETS BUSINESS MODEL IS IT IS A BUSINESS MODEL BASED ON FRAUD….IT IS A GIANT PONZI SCHEME RUN AMUCK…..IT IS A BUSINESS MODEL OF FINANCIAL TERRORISM AND IT IS A WEAPON OF FINANCIAL MASS DESTRUCTION…..THEY ARE BANKRUPTING AMERICA BECA– USE OF ALL OF THEIR FRAUD……!!!!!!!! THEY DUMPED 40 TRILLION IN CYANIDE LACED KOOL-AID ON MAINSTREET, USA… ….OUR HOMES HAVE ALREADY BEEN PAID FOR, MANY TIMES OVER….THE U.S. TAXPAYER FUNDED AND PAID FOR THAT ENTIRE MORTGAGE FRAUD PONZI SCHEME OPERATION……..THE REAL PROBLEM IS~~~ WALL STREET CREATED 40 TRILLION IN COLLATERAL FRAUD BECA– USE THEY WERE ALLOWED TO — USE OUR SIGNATURES AS COLLATERAL, A POKER CHIP ON THEIR WALL STREET CASINO… THEY WENT ABSOLUTELTY POSITIVELY WILD AND THOUGHT THEY COULD SELL AN INTEREST IN THOSE NOTES (A CHECK BACKED AND ISSUED TO THEM BY THE U.S. TAXPAYER I MAY ADD, WE LENT WALL STREET THE MONEY, NOT VICE-VERSA) TO INFINITY AND BEYOND…..THEY HAD NO SKIN IN THE GAME….THIS IS WAS ALL DONE OFF OF THE BACKS OF U.S. TAXPAYERS….WALL STREET BANKSTERS WERE OVERLEVERAGED BY 30:1 ON THE RESIDENTIAL AND EVEN MORE ON THE COMMERCIAL I THINK IT WAS 40:1….THAT IS CRIMINAL AND RIDICULOUS……..THERE WAS NOT ENOUGH COLLATERAL ON THE PLANET TO BACK UP THAT FRAUDULENT DEBT CREATION!!!! THEY HAVE FRAUDULENTLY PLACED UP TO TEN MORTGAGES ON EVERY PROPERTY IN AMERICA……THERE IS A NAME FOR ALL OF THIS FRAUD…..EXPONENTIAL FRAUD……THAT MEANS FRAUD ON STEROIDS……….THIS WAS A MASSIVE PONZI SCHEME….THEY CREATED 40 TRILLION IN UNSUSTAINABLE DEBT……THEY ARE CRIMINALS…THIS WAS A HITLER PLAN BY THE RULING ELITE…..MAKE WALL STREET PAY……THEY HID ALL OF THEIR ILL GOTTEN GAINS, OUR STOLEN WEALTH IN OVERSEAS BANK ACCOUNTS…..THE AMERICAN PEOPLE’S BELL IS RUNG….WE HAVE HAD E….N….O…U…G…H…OF THE LYING B…U…L…L…S…H…..I…T…., YOU GOT THAT? ….

      • lvent says:

        AND BTW, THERE IS NO HUMANIZING THIS FRAUDULENT BUSINESS MODEL. IT IS SHOT AND GASPING ITS LAST DYING BREATH….THIS WAS AN EVIL HITLER PLAN TO DESTROY DEMOCRACY AND FREE MARKET CAPITALISM…BY THE OLIGARCHS AND THE PLUTOCRATS………IT IS A BUSINESS MODEL THAT IS FOR THE BEAST, BY THE BEAST AND OF THE BEAST……IT IS THE PRECURSOR TO WORLDWIDE COMMUNISM AND THE MICROCHIP MARK OF THE BEAST….THEN IT WILL BE TOTALITARIANISM…..NOW ASK YOURSELF. IS THAT WHAT YOU REALLY WANT???? THIS WAS NO MISTAKE, OR GREED RUN AMOCK….THIS WAS A VERY BOLD AND STRATEGIC PLAN TO BRING DOWN AMERICAN DEMOCRACY AND DESTROY FREE MARKET CAPITALISM AND OUR U.S. CONSTITUITION AS WELL AS NATIONAL SOVEREIGNTY……NOW ARE YOU WITH THE TERRORISTS, THE HATERS OF FREEDOM AND DEMOCRACY, OR ARE YOU WITH ALL OF US????

      • lvent says:

        ALINA, THERE WERE NO LOANS TO MODIFY….THAT WAS THE DIRTY LITTLE SECRET, THEY NEVER LENT US ANY MONEY……WE LENT THE MONEY TO THEM, THE FINANCIAL TERRORISTS…..THAT IS WHY THEY ARE CALLED PRETENDER LENDERS……

      • talktotennessee says:

        You are so correct. I can’t imagine the ignorance it takes to swallow the lie that allowing foreclosed houses sitting in moratorium waiting for investor settlement will ‘help’ housing stabilize. Dumping thousands of REOs on a flat market is foolish plus it destroys value for normal sales activity. Homeowners can’t compete with REO pricing. People are having a hard time qualifying for credit and investors are afraid they can’t remarket their purchases so they are backing off. Even when investors buy, it is pennies on the dollar. Market value continues to fall.

      • lvent says:

        WAKE UP AMERICA!!! THE NAZIS ARE USING THEIR WALL STREET OLIGARCY TO STEAL YOUR HOMES THEY DO NOT OWN……AND YOUR WEALTH…!!! YOUR GOVERNMENT IS ALLOWING THIS…THEY ARE TRAITORS AND TREASONISTS….!!!! WAKE UP NOW OR YOU WILL WAKE UP ONE DAY SOON AND YOUR COUNTRY WILL BE GONE……STOLEN BY THE NEW WORLD ORDER PLUTOCRACY, FOR MONEY YOU DO NOT OWE AND NEVER DID…ALL BECA– USE THE RULING ELITE PERPS ON WALL STREET CREATED 40 TRILLION IN COLLATERAL FRAUD THAT WAS CREATED OUT OF THIN AIR…..AND BEFORE YOU DRINK THE OBAMA KOOL-AID AND RE-FI, REMEMBER, IF YOU MISS A PAYMENT YOU WILL BE OUT ON THE DAMNED STREET..SAME WITH A LOAN MOD….AND IF YOU GET A LOAN MOD,. THEY WILL DESTROY YOUR CREDIT TO GET IT DONE..THE WORDS.LOAN MOD and RE-FI are just nice names for FORECLOSUREGATE….THEY WANT TO TIE YOU TO THE WHIPPING POST…and these are bold attempts to secure a new fraudulently induced debt. THAT DOES NOT AND NEVER DID EXIST…..THE U.S. TAXPAYER PAID FUNDED AND PAYED FOR ALL OF THESE HOMES……WASHINGTON just wants to keep the MORTGAGE FRAUD PONZI SCHEME GOING FOR THE BENEFIT OF THEIR NWO OWNERS AND ALL OF THEIR CRIMINAL INVESTOR FRIENDS AROUND THE GLOBE…DON’T BE A SUCKER…..THIS IS A HITLER PLAN BY THE RULING ELITE TO STEAL EVERYTHING FROM THE AMERICAN PEOPLE AND THEN THEY ARE COMING FOR YOU AND YOUR COUNTRY.. ..this 40 trillion dollar debt fraud is unsustainable….and the U.S. GOVERNMENT KNOWS DAMNED WELL…..WANT PROOF?? JUST WATCH THE MOVIE INSIDE JOB………WE WERE SCAMMED BY WALL STREET AND WASHINGTON AND IT WAS MASSIVE AND TREASONIST…….

      • lvent says:

        F–ck the foreign investors…tell them to get the F–ck out of America…We don’t want their theiving asses over here buying any of our homes, that WE THE PEOPLE BUILT AND PAID FOR WITH OUR HARD WORK….TELL THE U.S. GOVERNMENT TO QUIT ALLOWING THE FOREIGN OWNED BANKS TO SELL AMERICA OFF TO THE HIGHEST BIDDER…GREEDY BASTARDS..ALL OF THEM…..!!! NONE OF YOU OWN OUR HOMES…THEIVES AND LIARS EVERY ONE OF YOU NWO OWNED, TRAITOR POLITICIANS…!!!!!

  6. lvent says:

    WARNING SIGNALS THAT THE PONZI SCHEME THE FOREIGNER OWNED MULTINATIONALS, AND ALL OF THEIR WEALTHY MINIONS AND COHORTS HAVE BEEN INVESTING IN IS OVERLEVERAGED….. THEY STEAL YOUR MONEY OUT OF YOUR PENSION FUNDS UP ON WALL STREET…..EVERYTIME THE STOCK MARKET IS DOWN…..THEY ARE STEALING OUR WEALTH TO RECAPITALIZE THEIR PONZI SCHEME…EVEN THOSE TREASURIES THE U.S. TREASURY SELLS ARE BACKED BY ALL OF US, THE US. TAXPAYER FUNDS THAT WHOLE OPERATION UP ON WALL STREET……INCLUDING THE BONDS HELD BY SHAREHOLDERS….NONE OF THESE FOREIGN INVESTORS BELONG HERE MAKING MONEY OFF OF THE BACKS OF THE AMERICAN PEOPLE, WHILE WE STRUGGLE TO SURVIVE THIS MANUFACTURED ECOMONIC CRISIS THAT THESE WALL STREET CRIMINALS CREATED INTENTIONALLY….THOUGH THESE FOREIGN INVESTORS ONLY INVEST IN THE PONZI SCHEME,, THEY ARE INVESTED IN OUR DEBT AND OUR FAILURE AND THAT IS A THREAT TO NATIONAL SECURITY AND NATIONAL SOVEREIGNTY….AND VERY SNEAKY AS WELL…….THEY ARE ROBBING US OF OUR WEALTH, WHILE THE RICH KEEP GETTING RICHER……THEY ARE COOKING THE BOOKS WITH ALGARITHIMS AND OTHER COMPUTER GENERATED WEALTH…..THAT FAKE WEALTH ONLY EXISTS IN CYBER SPACE…. THE WHOLE SCHEME IS BANKRUPTING AMERICA BECA– USE CLINTON, THE TRAITOR SENT ALL OF OUR JOBS OVERSEAS WITH NAFTA AND SO DID THAT SPAWN OF SATAN, BUSH……I HEARD BUSH GAVE TAX BREAKS TO CORPORATIONS TO LEAVE AMERICA…….TRAITORS AND TREASONIST OF AMERICA, ARE IN WASHINGTON AND ON WALL STREET, …..RINGING UP OUR COUNTRY WITH TRILLIONS IN UNSUSTAINABLE DEBT AND SELLING THAT DEBT OFF TO THE HIGHEST FOREIGN BIDDER WAITING FOR US TO FAIL AS A NATION SO THEY CAN ALL CASH IN…….THE POLITICIANS ARE INVESTED IN THIS…..THEY ARE TRAITORS……DESPICABLE……!!!!!! WAKE UP AMERICA!!!!! THESE TRAITORS OF AMERICA ARE HELPING THE RULING ELITE AND ROME, THE NWO,THIS IS A RULING ELITE HITLER PLAN TO STEAL YOUR COUNTRY……!!!!!!!

  7. lvent says:

    HEY, REO SPEEDWAGON….. NOT SO FAST, THESE HOMES ARE STOLEN….FROM THE AMERICAN TAX-PAYER…..WHO PAID FOR ALL OF THESE HOMES…..AT THE ORIGINATION FRAUD……WHAT A PONZI SCHEME SCAM…………………..!!!! DO NOT TRUST, VERIFY!!!!!!!! THAT IS WHY YOU NEVER GOT A CHECK AT CLOSING……WE THE PEOPLE FUNDED THIS WHOLE OPERATION……..!!!

  8. lvent says:

    These criminal bastards have a lot of nerve taking the homes from the American people that we already paid for at the ORIGINATION FRAUD and..many times over in ill-gotten interest I may add payed to the pretender lenders…I want to see where the check came from for the disbursement of funds at the closing…..Why the U.S. TREASURY of course…..they used the taxpayers money to fund the whole mortgage fraud Ponzi Scheme operation….and the banks collected all of the interest off of the fake, fraudulently induced non-loans…

  9. Bobbi Swann says:

    This is exactly the reason why I always counsel any buyers, whether they are purchasing a short sale or a REO. The consequences are overwhelming. I cannot STOP these clients from purchasing a home but I do everything in my power to educate them. Nevertheless, in the end most of them ignore the warnings and the others do take precautionary measures. Unfortunately, in the state of Flori-duh there are not many properties left that have not had a “tarnished” past with nearly 1 ouf of 4 homes presently in foreclosure or now a REO or having had a lender accept a short sale status. The whole state of Flori-duh is becoming a massive cloud property state. Even the remaining 3 of the 4 have title issues that they are not even aware despite that they claim they are the “perfect” borrower who has maintained their mortgage payments religiously.

    I personally am at a crossroad. With nearly 69% of my lifetime spent in mortgage banking and sticking to the straight and narrow how do I continue under the current crisis? There does not seem or appear to be a solution in sight. I should be looking forward to retirement but that is all but gone. Change careers? Ha…in this jobless environment? Like most, my options are very very few….

    • Mary says:

      Bobbi –

      The industry knowledge you have can be very useful in the legal field. Career change is possible at any age, I am an example. A good career counselor could help you repackage all that good experience into a new direction – especially if you walk the straight and narrow. Crazy times, indeed!

      • Bobbi Swann says:

        Thanks, Mary! I have been told countless times to start my own (counseling) business to help those in this crisis as I do offer ‘advice and help’ now to those who cannot afford an attorney to represent them. I did my foreclosure fighting pro se and thank God I had my background knowledge to help me. For now, I am letting God direct me to the right path and in the meantime I still fight in his army!

      • lvent says:

        Mary and Bobbi, Good Luck to the both of you!…Alot of us have had to change career paths and re-invent ourselves because of what they did….I believe God has a plan…and he needs all of us to do our part…I believe good will triumph over evil.

    • Bobbi Swann says:

      Don’t know if this is the proper place to post this, but doesn’t really matter WHERE I post it….as I have posted before previously, we have left God out of our lives and our country and it’s time we put him in charge!

      http://www.greatdanepro.com/Pray%20For%20America/index.htm

      • lvent says:

        I agree Bobbi, but he has not forgotton his true believers or we could have never gotten to the truth…and we all would have lost everything, including our country to these evil doers….

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