READERS | HELP DRAFT THIS: The Top 10 Biggest Bank Lies About Foreclosures

My Foreclosure-Fighting Friends,

Would you please contribute your thoughts to this project?

You can leave your suggestions in the comments below…

Thank you, as always.

Fellow Fraudclosure Fighter

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The Top 10 Biggest Bank Lies About Foreclosures

1.   The best way to promote the country’s economic recovery is to speed up more foreclosures.

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Final results will be posted once completed.

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4closureFraud.org

Comments
43 Responses to “READERS | HELP DRAFT THIS: The Top 10 Biggest Bank Lies About Foreclosures”
  1. Ali says:

    1) Origination Fraud (we did have an attorney @closing) so he lied too!
    2) bought more then we could afford. (we put 50k down just so our payments would be reasonable)
    3) they lied to the VA about our loan.
    4) first bank that got it was Washington Mutual (never recorded w/Recorders office, only found out about it when we got what we thought was our yr. end 1098
    5) Called broker’s office to see what kind of paper work they had, was told paperwork was shredded after 5 yrs
    6) note sold or assigned multible times lke a stripper at a BOA/Countrywide Christmas party!!!!!!!!
    7) given false information about loan mods. Approved for a mod and three days later(after sendind almost 2k were told we could not have mod because BOA made a “Cap Fee) error)
    8) Worked w/ Hopeless for Homeowners for 1 and 1/2 yrs. (contact called me on her own to say goodbye because she was quitting because she kept being repremanded for “taking too much time with clients) Thank God because I would never have been able to prove deniel for mod hence no fabricated mods.
    8)they tried to say we were approved for aforementioned mod. anyway
    9) sent notice of intent from Countrywide in 09 after a”Quit Claim Deed ” signed in 07 from ReconTrust Co.
    10) all or most title companies bankrupt or fraudulant, Recon, Stewart, Ticor….
    11) never had aproblem till Countrywide/BOA came into the picture.
    12) lies to the IRS (which is ultimately going to bring them down)
    13) notery fraud
    12) signiture fraud. I never signed origination paperwork as it was a VA gaureented loan from my husbands service.
    11) loan paid for multble times by force placed insurance.
    12) collection calls with caller i.d of “J.C. Archangel”. Saved to memory in phone for proof.
    There’s just so much I can’t think anymore. Why do I need to hire a lawyer for 2500 retainer and 1,000 a month
    for relief from all of their fraud and lies? I’m quite sure millions of people didn’t all wake up one morning and decide to lose their homes!!! I will not be voting for anyone who does not address this “Control Fraud” as Professor William Black put it.
    Ali

  2. Dawn says:

    Blame the Victim not the Bankster>
    Banksters are using a smear campaign to stigmatise victims of
    Appraisal Fraud, Origination Fraud and Foreclosure Fraud.
    We are not deabeats.
    We had jobs, income, and credit to qualify for these mortgages.
    This is part of the great land grab known as Agenda 21 –

  3. Dawn says:

    As experts we understand your economic situtation better than you.
    If you couldn’t afford it we wouldn’t lend it to you.

  4. Dawn says:

    Although you are a senior citizen and can’t aford the payments; In my professional opinion as your loan consultant; the value of your home has increased so much you’d be stupid not to refi and invest the proceeds and if you cannot afford the payments you can always sell and have plenty of equity to pay cash for another home.
    (Appraisal $830K Loan $630K Current Vale $250k Income $2K)

  5. Zoe says:

    1. Hello, this is Bank of America, and we’re here to help!

    2. Your Honor, even if the assignment out of MERS is not legal, the assignment is moot. The mortgage follows the note.

  6. mark says:

    2. We are the holder in due course of your note (we own your loan)
    3. We loaned your our very own money and are at risk of loosing if you don’t pay us back.
    4. Your loan is/was not securitized
    5. We are not responsible for the economic crash of 2008
    6. It is all the governments fault… they forced us to loan money to those who can not afford to repay. In reality the responsibility is shared between the government the banks and to a very very small degree the borrowers. Banks had to make a mistake they should have known better over and over, whereas borrowers made only one mistake which they had no idea of and should not have been expected to know what the banks were doing with these loans.
    7. We have done nothing wrong we should not be punished or go to prison.
    8. We have paid back all the government help we have gotten with interest. In reality we have further ripped of the people with onerous fees and charges to bail ourselves out in record short time.
    9. We are loaning money to people. Yeah the people the T-bills way.
    10. come sign up for this loan mod it will save your house, when they really mean sign here so we can have a record of our note that we lost 6 years ago and we can have an much easier time foreclosing on you and stealing your equity thus your property and at least 6 years of your life and your life’s hard work.

  7. Heather says:

    2. The person or entity holding title, as recorded with the County Recorder’s office is the legal owner. (false)
    3. MERS exists merely to record who has mortgaged the properties in its’ databases. (false)
    4. MERS has no financial interest in any property. (false)
    5. Mortgage companies always hold the truest copies of paperwork regarding real estate transactions. (false)
    6. Banks are willing to work with homeowners experiencing difficulty in maintaining their monthly payments. (false)
    7. Mortgage loan servicers are experts at developing home loan retention plans. (false)
    8. It is up to the American taxpayers and government to bail out the banks in a financial crisis, because the expert bankers are unable to determine the volatility of the securities they purchase. (false)
    9. A forbearance agreement that requires the homeowner to make accelerated payments and provide documentation in exchange for a promise to have their loan reviewed for modification (but not necessarily modified) is a legal contract. (false)
    10. Owning a home is a part of the American dream. (turning into a nightmare for many!)

  8. marilyn lane says:

    The banks lied to all of us from the time we signed the mortgage and note
    telling us they were lending us money and all they had to lend was their credit
    prohiibited by Art 1 Para 10 Cl 1 of the US Constitution,
    making the mortgage and note an Ultra Vires contract,
    a nullity from the beginning.
    A Nullity conveys NO rights ever., not even for a bank.

  9. Kathleen Burt says:

    If you make all your HAMP trial payments on time, you’ll get the loan modication. (false.)

    If you appeal your HAMP denial to the OCC , your case will be taken seriously. (false)
    They only review a small % of appeals filed. I’ve yet to learn of anyone’s denial being reversed by the OCC,

    If you go to your servicer’s local offices, their staff can help you avoid foreclosure. (false)

    After driving 20-30 miles to the nearest office, you’ll again be given the same options already offered over the phone by Loss Mitigation: short sale, deed in lieu, or the “opportunity” to re-apply for HAMP.” These are the only 3 options that bank employees have on their computer screens. These are not good options, especially if youi’re not underwater, are making your paymennts, and desire to keep your home.

    The only thing the local staff can do is hand out more HAMP forms, or make certain all the forms you’ve sent are in the computer. You could do this by phone and fax.

    Homeowners are better off with a foreclosure defense attorney.

  10. Mad as Hell says:

    1.You do not qualify because you have a perfect payment history.
    2.You do not qualify for a modification because you do not have a government loan.
    3. The loan servicer tells you you must make late payments or miss payments to qualify.
    4. A customer service moron who makes $10.00 an hr. tells you you don’t qualify based on the 4 monetary figures they asked for.
    5. They finally agree to the modification & the information submitted is like a legal brief.
    6. They did not receive certain papers required…fax again.
    7. You fax the paperwork again.
    8. Still missing paperwork send again (THEY WON”T TELL YOU WHAT IS MISSING)
    9.You now send by mail return receipt requested.
    10. Sorry; paperwork is still missing!?!?!?!
    10. You have filed bankruptcy…we can’t speak with you with out a letter from your attorney.
    11. We do not have the letter from your attorney…we can’t speak with you.
    12. The attorney had to fax it 3 times & finally set it return receipt requested by mail.
    13. 8 payments later……………..YOU DON’T QUALIFY
    14.The same $10.00 an hr. moron; can’t tell you why you don’t qualify.

    15. It’s all a PONZI SCHEME to get you into default so they can foreclose on you,
    BANKS HAVE NO INTENTION to give you a modification unless forced by the court.

    WAKE UP PEOPLE this is violations of The Rico Act and the Federal government is allowing this to happen; from the banks to the judges & the courts.

    Follow the money they are all in the pockets of the Banks; people & communities are meaningless.

    It’s all about money & greed; this is white collar crime at it’s best because the pretender lenders think they can steal your house even if they have no standing.

    We must fight back because if we don’t….it’s just the beginning of more injustice.

  11. Javagold says:

    1. that the banks do not need a proper chain of assignment to have standing in court to foreclose on the homeowner

  12. lvent says:

    I forgot the latest lie that I heard from an attorney…….These loans are all securitized…just go ahead and check the SEC website, your loan is in there……
    THE TRUTH: The loans were given to the banks secured by all of us, the U.S. TAXPAYER…….and the homes, were COLLATERALIZED at ORIGINATION…..BY ALL OF US…OTHERWISE THE BANKS COULD NOT HAVE GOTTEN THE MONIES……WITHOUT COLLATERAL TO BACK IT UP….WHICH WAS OUR SIGNATURE…GEITHNER STATED THERE CAN BE NO MONEY LENT TO A LENDING INSTITUTION WITHOUT COLLATERAL TO BACK IT UP…..WHICH WAS OUR SGNATURES………the banks DID NOT do their DUE DILLIGENCE after they got the monies from the U.S. TREASURY that released the COLLATERAL DEED to all of us, because the fact is our homes were paid for by all of us at the ORIGINATION……and that is why there is ORIGINATION FRAUD……and this massive cover up, the U.S. TREASURY did everything ASS BACKWARDS…….WE THE PEOPLE PAID FOR OUR HOMES FIRST AND COLLATERALIZED THE DEBT FOR THE CROOKS ON WALL STREET TO OVERSPECULATE AND THEY ALL GOT MASSIVELY WEALTHY OFF OF THE BACKS OF THE AMERICAN PEOPLE AND THEY GAMBLED ON EVERY ASPECT OF OUR SET UP TO FAIL THAT THEY CREATED……140 TRILLION DOLLARS WORTH…
    I was listeneing to Thom Hartmann’s radio show today. I usually like Thom but today, not so much……He had the NERVE to say that why do WE think we do not owe the US. TREASURY MONEY….? Someone has to cover for all of the MISSING SOCIAL SECURITY AND MEDICARE MONEY THAT IS MISSING……!!!! WELL WTF? WHO STOLE IT ALL? WALL STREET DID TO TRY AND COVER UP FOR ALL OF THEIR PONZI SCHEME MORTGAGE FRAUD……..MAKE WALL STREET PAY, THEY STOLE IT ALL AND THEY AND THE FEDERAL RESERVE ARE STILL STEALING FROM MAINSTREET……….
    I went to Downtown Chicago today…….it is amazing….NO SIGNS OF RECESSION DOWN THERE……THE OLIGARCHY IS ALIVE AND WELL AND PROPPING UP ALL OF THE SMALL BUSINESSES….WHILE THE SUBURBAN MIDDLE CLASS IS IN SHAMBLES…….NOT ONE FRAUDCLOSURE OR VACANCY DOWN THERE…IF YOU LIVE AND WORK IN A MAJOR CITY, YOU PROBABLY DO NOT HAVE A CLUE WHAT THE SUBURBS ARE DEALING WITH….THAT IS ALL THE PROOF I NEED THAT THIS IS A TOTALLY MANUFACTURED CRISIS…..THE METROPOLIS’ ARE NOT FEELING THIS MANUFACTURED ECONOMIC CRISIS AT ALL…..!!!!

    • lvent says:

      SEURITIZATION DOES NOT OCCUR UNTIL THE ENTIRE LOAN FILE IS DELIVERED TO THE TRUST AND THE PROPER ASSIGNMENT IS RECORDED…THEY HAVE 90 DAYS,….THE ASSIGNMENT IS THE CONVEYANCE TO THE TRUST……. AND THAT MUST BE RECORDED IN MY STATE…….I HAVE BEEN TOLD THAT THE BANKS DO NOT HAVE TO RECORD………THAT IS TRUE, BECA– USE THE TRUTH IS THEY COULD NOT CREATE A LIEN BECA– USE THEY GOT THE CHECK, THEY WERE LENT THE MONEY, NOT VICE VERSA……..THE LENDING OF MONEY TO ALL OF US WAS A MIND GAME, ALL A SHAM AND A FRAUD….AND THE SECURITY WAS OUR SIGNATURES AND OUR PAID OFF COLLATERAL THAT WE PAID FOR AT THE ORIGINATION…. THEY NEVER LENT US ANY MONEY…..THE WHOLE PONZI SCHEME WAS AN ASSED BACKWARDS PLOT TO STEAL ALL OF OUR HOMES….BY THE IMF…..VIA FANNIE AND FREDDIE AND WALL STREET……WE HAVE THE COLLATERAL DEED BECA– USE OUR HOMES ARE PAID FOR FREE AND CLEAR BY ALL OF US…..THIS WAS A MASSIVE TWIST…..AN EVIL RULING ELITE PLOT TO STEAL EVERYTHING FROM THE AMERICAN PEOPLE THAT THEY DO NOT OWN……AND BANKRUPT ALL OF US…SHAME ON THE U.S. TREASURY..FOR COVERING THIS UP…….! HANK PAULSON, SHAME!!!!!

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