San Francisco Foreclosure Audit Elicits Predictable Responses from Securitization Mess Deniers

San Francisco Foreclosure Audit Elicits Predictable Responses from Securitization Mess Deniers

Given the existence of a large and still for the most part very well remunerated mortgage industrial complex, it is not surprising that a investigation done by a mere county that found errors in virtually all the loans in a small sample of foreclosures created a hue and cry.

While state attorney general Kamala Harris remarked that, “The allegations are deeply troubling and, sadly, no surprise to homeowners and law enforcement officials in California,” and Nancy Pelosi wrote to ask Eric Holder to take a look, the securitization problem deniers went to assault mode. Paul Jackson came close to having a heart attack on Twitter, apparently hoping that rapid burst ad hominem attacks would mask his lack of a substantive argument, and also distract from the fact that he had yanked a straight up the center account on the audit by one of his best reporters, Jon Prior.

Since Jackson is particularly aggressive in defending the interest of his backers and advertisers, it is not surprising that he has gotten around to penning an article on the SF audit. The reason I dwell on Jackson’s stance is that he gets sanctimonious about his action:

I made the decision to pull our story covering the audit off the HW website in the interest of ensuring that our reporting wasn’t echoing false information.

Jackson is in no position to throw stones. We’ve debunked quite a few of past articles on securitization in which he has misrepresented the significance of court decisions and gone to some lengths to try to smear individuals who are on the front lines of exposing the chain of title and foreclosure fraud carnage.

Check out the rest here…

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4closureFraud.org

Comments
2 Responses to “San Francisco Foreclosure Audit Elicits Predictable Responses from Securitization Mess Deniers”
  1. charlie rice says:

    LET’S DISBAR THE BANKS LAWYERS FOR BRINGING FRAUD UPON THE COURTS

    http://www.thepetitionsite.com/8/lets-stop-the-wrongful-foreclosure-fraud-on-homeowners/

    Let’s face the REALITY, all these banks have presented FRAUD and PERJURY upon the COURTS with their LAWYERS to steal your HOME and they’re getting away with it EVERYDAY.
    The BANKS have admitted to Robo-signing, Mears the electronic recordation which have clouded just about everyones title to their homes in America. All these banks have passed along subpar loans to the FHA until very recently, making “substantial profits through the sale and/or securitization of FHA-backed insured mortgages” while “it wrongfully endorsed mortgages that were not eligible.” Without a doubt of the banks Greed that they left the back door open on the Securitization.
    Once these loans were SOLD your DEED and NOTE to your HOME was SEPARATED FOREVER. Furthermore some of these banks never made the cut off date on the POOLING and Servicing Agreement which also makes the transaction INVALID.
    THE TRUTH IS, that these other PRETENDER SERVICER BANKS WELLS FARGO, BANK OF AMERICA, ETC, ARE REATTACHING THEMSELVES TO YOUR LOAN AND ACTING AS YOUR PRETENDER SERVICER when they don’t even have your original deed and note because they were NEVER Assigned to it. YOUR LOAN WAS PROBABLY NEVER ASSIGNED TO ANY BANK ONCE IT WAS SECURITIZED.
    THAT’S WHERE THE FRAUD COMES IN BECA– USE WERE MISLEAD TO BELIEVE THE BANKS… TRUST THEM NO MORE!!!
    THAT’S WHY THEY’RE FORECLOSING SO FAST ON YOUR HOME WHEN IN FACT YOU’RE SITTING ON IT FREE & CLEAR BECA– USE of their GREED.
    EVEN THE HOMEOWNERS WHO PAID ON TIME IS SITTING ON THEIR HOME FREE AND CLEAR.
    IN ADDITION THE BANK TOOK EVERYONES EQUITY SO THEY CAN BE SLAVE TO THE SYSTEM TO FAIL…
    THE BANKS GOT PAID MANY OF TIMES WHEN THEY RECEIVED
    1) A BAILOUT BY THE TAX PAYERS2) THE GOVERNMENT3) WHEN THE BANK TOOK YOUR SIGNATURE OF YOUR HOME LOAN TO THE FEDERAL RESERVE TO CREATE THE MONEY. 4) THESE COURT SETTLEMENTS 5) NOW THEY’RE STEALING YOUR HOME.
    THAT’S OVER 5 TIMES, AND NO ONE IS GOING TO JAIL!!!
    BECA– USE THE BANK KNOW IF THEY CAN TIE UP YOUR HO– USE IN THE LEGAL SYSTEM, AND BY YOU HIRING A LAYWER WOULD SOAK UP ALL YOUR MONEY!! JUST TO MAKE YOU LOSE AND FAIL AGAIN…
    THE BANKS CAN STEAL YOUR HOME, AND TAKE AWAY YOUR EQUITY, AND PAY YOU A MEASLY $2000.00 BECA– USE THEY WRONGFULLY FORECLOSED, IN ADDITION YOU DON’T GET YOUR HOME BACK?
    WHAT TYPE OF MESSAGE IS THAT TO THE AMERICAN PEOPLE?? WAKE UP EVERYONE!!
    THIS IS TREASON…
    ***THERE IS NO JUSTICE IN THE COURT ROOM FOR THE AMERICA PEOPLE TO HAVE THEIR HOMES BACK..***
    IT’S NOW TIME TO DISBAR THEIR LAWYERS, FINE, AND SEND THEM TO JAIL FOR BEING BOUGHT OFF BY THE BANKS TO PRESENT THEIR FRAUD UPON THE COURTS. LET IT BE KNOW THAT ANY LAWYER CONSPIRES WITH A BANK WILL RISK LOSING HIS OR HER LICENSE…
    LET’S TAKE AWAY THE BANKS PAWN…
    THE BANKS MAY HAVE DEEP POCKETS TO BUY ATTORNEYS, BUT IF THEY GO TO JAIL FOR OBSTRUCTION OF JUSTICE LET IT BE KNOWN…
    ONLY THE TRUE LEGAL PARTY OF INTEREST CAN FORECLOSE ON YOUR HOME AND IT’S NOT THE BANK. ALSO IF THE BANK DID COMMIT FRAUD THEN IT’S STILL LEGALLY YOUR HOME.
    1) IT’S AGAINST THE LAW FOR A BANK TO LOAN YOU ANY MONEY. THEY JUST DON’T HAVE IT…2) YOUR SIGNATURE ON THE HOME LOAN CREATED THE MONEY FOR YOUR HOME. “Look up the federal Reserve Act”3) WHEN THE BANK TOOK YOUR SIGNATURE TO THE FEDERAL RESERVES TO GET THE MONEY, AND LATER THE BANK DID THE DRAW DOWN FOR YOUR LOAN WHICH THEY DOUBLED YOUR LOAN AMOUNT, AND PUT THE OTHER HALF INTO THEIR POCKETS.4) WHEN YOU PROVIDE A SIGNATURE FOR A LOAN IT MAKES YOU THE CREDITOR AND NOT THE DEBTOR. THE SYSTEM IS TRYING TO FOOL YOU.6) YOUR LOAN WAS SOLD…5) WHICH MEAN YOUR HO– USE WAS PAID FOR MANY TIMES…
    IF YOU WANT TO BE A VOICE TO BRING CHANGE THEN YOU MUST SIGN THIS..
    IT’S TIME TO GATHER OUR DEED AND NOTE THEN GO BACK AND RECLAIM OUR HOMES. THE AMERICAN DREAM WILL NOT BE STOLEN
    LET’S SEE IF THE BANK CAN PRODUCE IT WITH THE PROPER CHAIN OF ASSIGNMENT…

  2. PENDINGLAWSUIT says:

    Barry Fagan v Wells Fargo Bank Re REQUEST FOR JUDICIAL NOTICE of a RELATED CASE/REPORT Office of the Assessor-Recorder San Francisco Report as Sponsored by Phil Ting Assessor-Recorder for San Francisco Entitled Foreclosure in California a CRISIS OF COMPLIANCE FEBRUARY 2012

    http://www.scribd.com/doc/82105072/Barry-Fagan-v-Wells-Fargo-Bank-Re-REQUEST-for-JUDICIAL-NOTICE-of-a-RELATED-CASE-REPORT-Office-of-the-Assessor-Recorder-San-Francisco-Report-as-Sponsor

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