Delaware Officials Wrestle Over Foreclosure Fraud Deal

Delaware officials wrestle over mortgage deal

(Reuters) – Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state’s banking commissioner seen by Reuters on Tuesday.

In a sign of internal strife as holdout states decide whether to join the settlement, Delaware banking commissioner has come out in support of the deal, while the state’s attorney general remains on the sidelines, for now.

Delaware homeowners would receive some $32 million in relief, and the state would receive $8 million to provide housing counseling and foreclosure prevention services, according to the letter.

Delaware Attorney General Beau Biden, who is the son of U.S. Vice President Joe Biden, has said he has been opposed to the settlement as it is drafted, and wants to make sure he can preserve his lawsuit against MERS, the banks’ mortgage electronic registry, which he filed last year.

MERS is not a party to the settlement, but the proposed deal is expected in part to resolve claims against the banks for their use of MERS.

Rest here…

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4closureFraud.org

Comments
7 Responses to “Delaware Officials Wrestle Over Foreclosure Fraud Deal”
  1. Ron Moss says:

    Beau Biden; Can you dance or just play the tune for the bankers speak up. every prostitution act has a different price, look what thsy sold to Spitzer, again, Can You dance?

  2. lies is all they tell says:

    @rick thank you for your leader ship. question what about faux securitizaton? when we were told a bank (wells fargo) is the servicer they induce you into forclosure by telling you not to pay (yes of course i asked for it in writing they refused) and then try to foreclose. if they are the servicer where is the assignments. my note is forged also. yes we are in this alone seems. and yes the banks have their money in everyone running and financing them. giving them principle reductions and financing their campaigns to keep quiet and in line. we are watching a true american dream being stole in front of our eyes. how pwerplexing this is.

  3. Rick C. says:

    Well, I can tell you, if your mortgage was securitized, you do not owe anything to anybody. Per GAAP and SEC your NOTE can not be an STOCK/BOND/SECURITY INSTRUMENT with a CUSIP number and NOTE at the same time; the SEC call that DOUBLE DIPPING this is a form of SECURITY FRAUD. The bank can loose their security lisence. I’m still trying to understand why the Government is not doing anything about that. For the banks to securitize the NOTES which VOID the Deed of Trust, therefore the banks don’t the power to foreclose because the alleged debt is paid in full which help us to charge the banks with MAIL FRAUD because they use the U.S POSTAL SERVICE to send FRAUDULENT MONTHLY MORTGAGE COUPONS. Mail fraud has a twenty to twenty five years jail time. WOW! It will be very nice to find a real Attorney who would take these cases. OOOOOPs! Since ninety nine percent of Attorneys are praying one day the banks will hire them to steal the homeowners’ property; they will not take that risk. We have the banks funding all elections and re-elections of the politicians so we are on our own. We just need to form small groups and do what we can to keep our home. The BIBLE is clear about this: NO WEAPON FORMED AGAINST US WILL PROSPER. IN JESUS NAME. AMEN!!!!

    • lvent says:

      RickC..The truth is…they never obeyed the laws that govern the trust agreement…followed THE PSA agreement…They NEVER SOLD THE LOANS..AND THEY NEVER LENT US ANY
      MONEY…. THAT IS THE ORIGINATION FRAUD…THEY JUST SOLD INTERESTS IN THE NOTES…HUNDREDS OF TIMES…PER NOTE…THAT IS SECURITIES FRAUD BECA– USE THEY DID TURN THE NOTES INTO TRADEABLE STOCKS…THAT IS ALSO WHY THEIR DEBT IS $700 TRILLION DOLLARS IN MORTGAGE COLLATERAL FRAUD..THEIR DEBT IS UNSUSTAINABLE…BECA– USE OF ALL OF THAT FRAUD…THE MORTGAGES AND THE NOTES ARE A NULLITY..BECA– USE THAT MASSIVE FRAUD WAS COMMITTED WITH OUR SIGNATURES…AND WAS UNKNOWN TO US, DUE TO DECEPTIVE PRACTICES…AND UNFAIR DEALING…AKA FRAUD…THE . FRAUD OCCURED RIGHT AFTER THE CLOSING. THEREFORE, THE LOANS MUST BE RESCINDED…CLEAR TITLE BACK TO ALL OF US…THE U.S. TAXPAYERS…WHO FUNDED THEIR ENTIRE PONZI SCHEME BLACK OP… …These criminals owe all of us…hundreds of trillions in ill gotten gains…by the use of massive fraud committed in our names..they also got bailed out by us…and destroyed the economy and millions of lives, businesses, jobs and homes were stolen…there also have been an unknown amount of personal.tragedies like suicides and illnesses caused by the immense stress due to what these crooks did…They destroyed families, marriages and millions of lives…and it was intentional…it was yet another moneyed elite Hitler Plan..and our own politicians were involved…ALL CRIMINALS AND TRAITORS, MINIONS AND COHORTS MUST BE HELD ACCOUNTABLE….THROW OUT THE FED!!

      • Rick Celestin says:

        Ladies and Gentlemen, we can not go out there fighting with banks and the government. We know that they are working together; let’s try to do something for our families, friends and ourselves. We all know, this fraud killed a lot of families in this country in the name of GREED. The laws say clearly that the NOTE can not be a stock/bond/security instrument with a CUSIP number and a note at the same time. SEC call it DOUBLE DIPPING and it is a form of SECURITY FRAUD but the banks do it every day and since the government is part of the game they do not do anything about it. Why the government allowed the banks to foreclose since they know, one hundred and fifty percent of the banks securitized their NOTES. President Thomas Jefferson made clear, we can not trust the banks and the corporations/government, if we do, we will wake up one day homeless, that was over two hundred years ago. We need to find a way to stop these politicians from getting reelected, if we don’t, this GREAT country of ours will go down the drain.

  4. Bank of America used MERS on 7/20/2011 to assign my home to the Alaska Federal credit union according to Deed of Records,Wilmington Delaware Four years and much fraud the latest from a law firm sending a letter and copy of Note with TWO new fraudulent signatures appear NOW on Note, August 15,2011 Bank of America sent copy of Note as per request and I am disputing owing any debt. Oh, I almost forgot I have a Satisfaction of my Mortgage on 10/27/2007 and NO ONE wants to tell me why is my name and MERS together,the new lawyer said my question not applicable. MERS should not own my Home,Bank of America did this and needs to undue this and having AG Biden I had a little feeling now Unsure.

    • lvent says:

      No can do Judith!!! That would be more fraud…MERS is not a bank..they cannot legally buy or sell a loan..The ORIGINATOR is trying to turn water into wine…but they cant! There is NO LEGAL FIX FOR THE ORIGINATION FRAUD…ASK THEM FOR THE TRUST AGREEMENT AKA THE LEGAL ASSIGNMENT…AND THE RECEIPTS…They had 90 days from the closing to legally reconvey..to another BANK…AND ONLY ANOTHER BANK…MERS IS NOT A BANK SO EVEN IF ALASKA FEDERAL CREDIT UNION IS A BANK LICENSED IN YOUR STATE…MERS NULLIFIED THE MORTGAGE AND THE NOTE…THIRD PARTY DEBT COLLECTORS HAVE NO LEGAL STANDING TO TAKE YOUR HOME…!

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