4.5 Million Fraudclosed Borrowers May be Eligible for Reviews

“The OCC, along with the Federal Reserve, will oversee the reviews.

Whether homeowners were wronged will be decided by independent consultants hired by the servicers but approved by regulators.”

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4.5 million foreclosed borrowers may be eligible for reviews

Nearly 4.5 million current and former U.S. homeowners will soon get a chance to have their foreclosure cases reviewed for mistakes and potential restitution.

Next month, the U.S. government expects the first wave of homeowners to receive its letters in the mail, informing them of their right to ask for a foreclosure review, says Office of the Comptroller spokesman Bryan Hubbard.

Last month, independent consultants hired by lenders also began combing industry data to look for mistakes in foreclosure cases handled by 14 of the nation’s largest mortgage servicers: Bank of America, Citibank, JPMorgan Chase, Wells Fargo, Ally Financial, Aurora Bank, EverBank Financial, HSBC, MetLife, OneWest, PNC, Sovereign Bank, SunTrust Banks and U.S. Bancorp.

Reviews will take months to complete. The first consumers could see cases resolved this spring, according to deadlines imposed on the servicers.

Remedies will vary based on the degree of injury, said John Walsh, acting Comptroller of the Currency, in a speech last month.

Check out the rest here…

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4closureFraud.org

Comments
13 Responses to “4.5 Million Fraudclosed Borrowers May be Eligible for Reviews”
  1. The house next door has been vacant for 1+yrs, no one lives there, my home which was current, my tenants were given cash for keys to leave? Just back from surgery, was totally caught off gaurd, with the 3 wk. notice, and just what were they angry about and why were they leaving??so I hurriedly got their full deposit back, $2000, good people did not want to lose them, also unless it is rented I cannot cover mortgage alone, so there it sits, and the agents, representative reo team of ColdwellBankers? gave them $3000 to move instantly, of coarse it is in the middle of the school year and one needs to be selective, I call the lender and have until Nov. to get it rented, about ready to rent it and call to confirm if all is well?? what?? 2 mo payments, not the full 4, I advised them to call the agents that chased out my very good people, handled fraudulently, oh well you are too far behind now, guess I would be, we will start foreclosure, however it is aleady listed as short sale, would someone tell me the legality of all this??? Central Mortgage has the loan, have always been good about working with you, loan is owned by Federal???? Guess they really do want their properties back, and California with all of the foreclosures, illegal or not, doesnt matter, dead beat homeowners get a life, justice isn;t for you, even if it was handled illegally; go figure, learning so much through all of this, disappointed it isn;t more posiitive. We are being noisy to no avail, no one is listening, first time buyer, second time buyer, investor, formerly made$$ senior citizen, whatever it may be you do not count, even a good attorney is unable to help you, so go figure.

  2. Jeff Miller says:

    Where is the Justice Department with criminal indictments? Reviewed by the Banksters themselves?
    The OCC is hugely responsible for explosive predatory lending, they are the foxes guarding the henhouse. Corrupt, like Geithner, the Adminstration and their friends on Wall Street. Raise your hands if you’ve already had a “review” at your local circuit court by a Banker approved “special master”. TO THE STREETS!

  3. CaitlinO. says:

    You’ve gotta love the flamin’ euphemisms:

    “independent consultants hired by lenders also began combing industry data to look for mistakes in foreclosure cases”

    “a federal investigation last year found “significant weaknesses” in mortgage servicer practices.”

    Mistakes? Weaknesses? What they need to be looking for is deliberate fraud.

    Adam Levitin did a great post showing some ads for these supposed “independent consultants.” Temp agencies are looking for, essentially, clerks at an hourly wage equivalent to a housekeeper’s, to do the job of attorneys/white collar criminal investigators trained in document analysis, property law, forensic title searches, determination of harm, etc.

    See his great article and follow up at:

    http://www.creditslips.org/creditslips/2011/10/robosigning2.html

    Levitin says “I have seldom seen a document that says more about the bullshit malarkey that the OCC and Fed are trying to pass off to cover for the banks than this job ad.”

    http://www.creditslips.org/creditslips/2011/10/more-on-foreclosure-file-reviewers.html

    Levitin says “What’s particularly interesting about this ad is that it references “Promontory/OCC guidelines.” .. .. .. Given Promontory’s previous consulting gigs, including Countrywide, their involvement seems rife with potential conflicts.”

  4. lvent says:

    AH HAH…..!! CAUGHT YOU STEALING OUR HOMES, YOU DIRTY BASTARDS…!!! GIVE THEM BACK…YOU DEN OF THEIVES…STEALING HOMES YOU HAD NO LEGAL RIGHT TO TAKE….!
    Once those NOTES get converted into stocks, they CANNOT be turned back in to a NOTE…THAT NOTE MUST BE DESTROYED…ONCE YOU SOLD THE NOTE…YOU GOT PAID..EXPONENTIONALLY….AND THEN YOU SOLD OFF OUR LOANS…HUNDREDS OF TIMES IN EVERY WAY IMAGINABLE……..YOU CROOKS ON WALL STREET WENT OVER YOUR LIMIT ON THE U.S. TAXPAYERS CREDIT CARD BY 600 TRILLION DOLLARS….NONE OF YOU CROOKS LENT THE U.S. TAXPAYERS A DIME…THIS WAS A PONZI SCHEME WITH TAX PAYER MONEY AND THE BIGGEST THEFT OF OUR WEALTH, JOBS, BUSINESSES AND HOMES IN THE HISTORY OF THE WORLD…! GIVE US BACK OUR STOLEN WEALTH AND HOMES YOU NWO, GLOBALIST CROOKS! LIARS AND THEIVES!!! STOP THE FRAUDCLOSURES….! Every one of you politicians, past and present VOIDED your contract with the AMERICAN PEOPLE.!

  5. leapfrog says:

    “Whether homeowners were wronged will be decided by independent consultants hired by the servicers but approved by regulators.”

    Yeah…just like the Fed’s “investigation” of wrongful foreclosures last February…they found not a one…cherry-picked all the files beforehand.

    We need the ‘Smells Like Bullshit’ lady as a caption for this story.

  6. pendinglawsuit says:

    Comptroller of the Currency
    Administrator of National Banks
    1301 McKinney Street,
    Suite 3450.
    Houston, Texas
    77010-9050
    Fax: 713-336-4301

    October 14, 2011

    Re: Case No. 01751312
    WELLS FARGO BANK, NA

    BARRY S FAGAN- Complainant/Plaintiff
    Los Angeles Superior Court Case SC112044

    SUPPLEMENTAL EVIDENCE OF BANK DOCUMENT FRAUD

    A.VIOLATIONS OF THE OCC CONSENT ORDER DATED APRIL 2011

    Dear Mr. Chandler:

    I am in receipt of your letter dated September 6, 2011 and wish to further supplement my complaint (01751312) with additional evidence of document fraud.

    Attached hereto and made a part hereof are Exhibits A through C, all of which will be filed with the Superior Court of Los Angeles CASE NUMBER SC112044 and as a result have not yet become a public record.

    Contained within those exhibits, 3 different ORIGINAL Deeds of Trust.

    http://www.scribd.com/doc/68896185/Barry-Fagan-v-Wells-Fargo-Bank-Re-Supplemental-Objection-to-Request-for-Judicial-Notice-With-3-Original-Deeds-of-Trust-With-Different-Page-Fours

    http://www.scribd.com/doc/68820189/Barry-Fagan-v-Wells-Fargo-Bank-Re-Three-Original-Deeds-of-Trust-With-Three-Different-Page-Fours

    Exhibit A is the Deed of Trust as filed with the Los Angeles County Registrar Recorders Office, while Exhibit B and Exhibit C were provided by Wells Fargo Bank as alleged original documents. The magnified version of page 4 all clearly show variations of the same hand written number and is an indication that the original Exhibit A as recorded in the Los Angeles County Recorders Office has been altered.

    Kindly review the additional exhibits to see that Wells Fargo Bank’s entire loan file is wrought with errors and inconsistencies and quite frankly fraud!

    So I continue to write to the regulatory authority that supposedly enforces and promulgates rules for National Banks to follow, and submit both evidence and allegations of fraud.

    I believe if my case is reviewed at the highest levels, the OCC can indeed do something to prevent fraud rather than in my opinion harbor it.

    Kindly forward this additional evidence to California Attorney General Kamala Harris’ office so that they too can review these three exhibits for possible State prosecution of these fraudulent and criminal acts.

    Sincerely,
    Barry S. Fagan Esq.
    Malibu, CA 90265

  7. Ron Moss says:

    Again, and again, and AGAIN i SAY….. rON IS THE ONLY ONE WE CAN TRUST TO RETURN US TO THE
    cONSTITUTION.

  8. Ron Moss says:

    How can I get a copy of something I can read about this?

  9. housemanrob says:

    Don’t believe one word of it……..just smoke and mirrors for the middle class….sure!……they will have reviews…..might even pick a few out…….call them winners….like the lottery. First, they steal the homes to collect on credit default swaps via AIG, the taxpayers, then they are going to review them after the fact….sickening!

  10. John says:

    The fairest decision would come from JURY of your peers.

    Any other could be slanted or they wouldn’t have come up with it.

  11. pendinglawsuit says:

    ***HERE IS A COPY OF YOUR EMAIL TO THE ATTORNEY GENERAL AS REQUESTED – DO NOT REPLY TO THIS EMAIL***

    Your email to the Attorney General states:

    This is a Consumer complaint against the business/company named below

    First Name: Barry
    Middle Initial: S
    Last Name: Fagan
    City: Malibu
    State: CA
    Zip: 90265

    Company Name: Wells Fargo Bank NA
    Company Address Line: 420 Montgomery Street
    Company Address Line 2:
    Company City: San Francisco
    Company State: CA
    Company Zip: 94104

    Comment Or Question Message: Please find links to my October 25, 2011 Second Supplemental Objection with supporting Forensic Document Expert Opinion Exhibits as filed in Los Angeles Superior Court Case No. SC112044 concerning Document Fraud and Perjury by Wells Fargo Bank.

    http://www.scribd.com/doc/70306223/Barry-Fagan-v-Wells-Fargo-Re-Expert-Opinion-of-Dr-Laurie-Hoeltzel-Forensic-Document-Expert-Re-Rhonda-Bernard-Thomas-Signatures

    http://www.scribd.com/doc/70305637/Barry-Fagan-v-Wells-Fargo-Re-Expert-Opinion-of-Dr-Laurie-Hoeltzel-Forensic-Document-Expert-Re-Deed-of-Trust

    http://www.scribd.com/doc/70303961/Barry-Fagan-v-Wells-Fargo-Re-EXPERT-OPINION-TESTIMONY-for-Cerified-Deed-of-Trust-and-Rhonda-Bernard-Thomas-Signatures

    Thank you.

    Barry S. Fagan Esq.

  12. YODE says:

    The enemy of We the People=Banksters, The board of Directors (Owners) of the Federal Reserve System…..

    Their (our enemy’s) Goons= OUR Government and the Bar…

    If we would come to our senses we could see that the answer is so simple. OUR Constitution and a demand to return to Constitutional Common Law Jurisdiction in OUR courts. The criminals have taken over our Government through the subversion of OUR Constitutional Rights. They have made themselves the “gate-keepers” to OUR Grand Jury thus effectively blocking us from “due process of law” granted us by OUR Constitution. Take back OUR courts, Take back the enforcement arm of the law which is the key. IF THEY DON’T OWN OUR COURTS….THEY CAN NO LONGER GET AWAY WITH TREASON… And in case you didn’t notice folks…That’s exactly what we are witnessing all around us…..
    “We Surrendered Nothing to Our Servant-Government”- Thomas Jefferson
    We the People are the owners of all laws, with adjudicative authority…. We are “self-governing” per OUR Constitution. Why do you think there has been an attack upon OUR Constitution for as long as you can remember? Why do you suppose that the United States of America is the last Nation to maintain her Sovereignty? Why do you suppose the Banksters fear Sovereignty so much that they have their minions at the MSM try to create a negative association with the word?
    We were given a Republic and a Constitution to protect it. We have allowed foreign agents to institute THEIR laws upon us with the implementation of THEIR Bar (Which is nothing more than a club). This was and still is Constitutionally UNLAWFUL.
    Demand Common Law Jurisdiction in YOUR courts and then, Demand that they cite for you, from the Constitution (which all judges and Sheriffs’ swear an oath to “support, protect, defend”) where they find the authority to deny you Common Law Jurisdiction. I will state this again. We the People are the Owners of All Laws and possess the absolute adjudicative authority. The Constitution does not permit the taking of real or personal property from We the People EXCEPT through Eminent Domain.
    For Heaven’s sake people…….. It doesn’t matter what their fraud is…it doesn’t matter what distraction they attempt to place before us… In a Constitutional Common Law Court (Which you have every right AND IN FACT A DUTY TO DEMAND) the criminals who have enslaved us are through……. Come together…Become Common Law Intervenors for each other, Demanding and Invoking Common Law Jurisdiction in each others cases. You must understand…the signature of any Sovereign American carrys with it more power than that of the President of the United States….. Crazy right????? Not if you can grasp a Common Law knowledge of OUR Constitution. I’ll try to get the thought juices flowing here….. Is the President a Public Servant? How can the Servant adjudicate over the Master? To put it another way.. If you throw your socks into the hamper, but one of them misses and falls to the floor and you fail to pick it up and place it in the hamper……. Does your house-keeper have the right or authority to fine you?
    Read and Learn YOUR Constitution.(the one from before the lawyers began to subvert it) It is all you need to know………

  13. Mad as Hell in Maryland says:

    WOW! I would not hold my breath however on an actually fair outcome. Its a start though!

    Fight the good fight. CHALLENGE everything! Remember, they cannot prove their lies and fraud.

    Good luck to all.

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