STATE OF CALIFORNIA vs U.S. BANK | L.A. City Attorney Calls US Bank ‘Slumlord’ Bank Says ‘You Got the Wrong Guy’

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L.A. City Attorney Calls US Bank ‘Slumlord’

“This case concerns defendant U.S. Bank National Association, a national bank that has become one of the largest slumlords in the City of Los Angeles.” So begins a lawsuit brought by the L.A. city attorney’s office.

The complaint alleges that U.S. Bank, through foreclosures, has become since 2008 the owner of “thousands of residential properties” in L.A. “which it has completely failed to maintain.” The result, it says, is that hundreds of these homes have fallen into disrepair, “causing blight and destabilizing communities.”

A city press release says the bank’s potential liability is in the “hundreds of millions of dollars.”

Tom Joyce, director of corporate public relations for Minneapolis-based U.S. Bancorp (U.S. Bank), says in an email statement to ABC News that the bank, no less than the city attorney, is troubled that properties are not properly maintained and have a corrosive impact on neighborhoods.

He says, however, that the city attorney has chosen the wrong party to sue: U.S. Bank is not the owner of the properties, “nor are we responsible for the servicing” of them.

The homes, says the bank’s statement, are owned by trusts and by investors in those trusts. Only the companies to whom homeowners send their mortgage payments are responsible for the homes’ upkeep. Says the bank’s email: “It is clear from the complaint that the city does not understand our role.”

Rest here…

Copy of the complaint below…

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4closureFraud.org

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STATE OF CALIFORNIA vs U.S. BANK

Comments
3 Responses to “STATE OF CALIFORNIA vs U.S. BANK | L.A. City Attorney Calls US Bank ‘Slumlord’ Bank Says ‘You Got the Wrong Guy’”
  1. charley rice says:

    US BANK IS BRINGING FRAUD ON THE DEAD SUBPRIME BANKS THAT HAVE ALREADY WENT OUT OF BUSINESS YEARS AGO!! THESE DOCS ARE PROOF THAT STATES A SECURITIZED ASSET IS PROOF THAT THOSE MORTGAGES WERE SECURITIZED.

    THE BANK IS HIDING THE NON EXISTENCE SUBPRIME BANKS THAT WENT OUT OF BUSINESS BY ACTING AS THE TRUSTEE & BRINGING FRAUD ON THE TRUST AND HOMEOWNERS.

    ALSO BY US BANK STATING PASS THROUGH CERTIFICATES IS ALSO PROOF THAT THE HOMEOWNERS MORTGAGES WAS PASSED THROUGH THE REMIC AS CONVERTED CERTIFICATES.

    IN ADDITION THE YEAR AT THE END OF THE TRUST LIKE 2006, IS THE YEAR THAT THE TRUST WAS CREATED AND WHEN THAT TRUST HAD CLOSED.

    SO US BANK IS ALREADY TOO LATE AND HAVE BROUGHT FRAUD AS A TRUSTEE THAT CAN’T TAKE HOMES AFTER THE CLOSE OUT YEAR. BUT THEY’RE BRING FRAUD UPON THE COURTS.

    BY ME SHARING THIS KNOWLEDGE I HOPE THAT THE PEOPLE WAKE UP!!!

    THOSE SUBPRIME BANKS ALL HAVE INITIALS AND ACRONYMS TO CONF– USE ALL OF YOU AND THE HOMEOWNERS.

    LET’S BREAK DOWN ONE THE IN COMPLAINT.

    US NATIONAL ASSOCIATION AS TRUSTEE FOR STRUCTURED ASSET SECURITIES CORPORATION MORTGAGE PASS THROUGH CERTIFICATES 2006-BC2

    LIKE I SAID, THIS IS A DEAD GIVEAWAY THAT STATES THE HOMEOWNERS MORTGAGE WAS SECURITIZED AND WAS CONVERTED AS A PASS THROUGH CERTIFICATE.

    THE YEAR 2006 IS WHEN THE TRUST WAS CREATED AND WHEN THE HOMEOWNERS HAD THERE MORTGAGE LOAN WAS CREATED. ALSO IT’S THE SAME YEAR THAT THE TRUST HAD CLOSED. FYI THE TRUSTEE CAN’T TAKE PROPERTY AFTER CLOSE DATE OF 2006

    THE MOST IMPORTANT IS THE INITIALS OF BC. THIS IS BRITISH COLUMBIA BANK THE SUBPRIME BANK THAT WHEN OUT OF BUSINESS YEARS AGO.

    YOUR CONTRACT WAS BETWEEN YOU & YOUR LENDER, NO OTHER BANK, AND ESPECIALLY NOT A 3rd PARTY BANK. CHECK YOUR DEED OF TRUST. THE STATUE OF LIMITATIONS FOR YOUR LENDER TO COLLECT A DEBT FROM YOU IS 3-4 YEARS. THEY’RE GONE OUT OF BUSINESS, BANKRUPT, & HAVE MISSED THAT BOAT TO COLLECT B/C THEY WERE PAID WHEN THEY SOLD YOUR MORTGAGE TO WALL STREET COULDN’T GIVE YOU A NOD.

    FRAUD! FORWARD TO ALL!

  2. Ken Hansen says:

    Banks must have a keen sense of humor. They foreclose on the wrong guy, foreclose in the wrong guy’s name, the wrong guy signs an affidavit and so on. After the resulting destruction from their behavior, Banks simply say they are the wrong guy.

  3. charley rice says:

    This Trustee is bringing FRAUD on all those DEAD BANKS AND CLOSED TRUST of 2005 and up because it states that those properties are securitized assets and This trustee is years TOO LATE AND DON’T HAVE ANY LEGAL STANDING.

    DON’T BE BLIND TO THIS DECEPTION BECA– USE THE TRUSTEE CAN’T TAKE TAKE PROPERTIES AFTER THOSE DATES OF THE YEARS OF WHEN THAT TRUST CLOSED AND THEY’RE VIOLATING THE PSA AGREEMENT.

    THIS IS AN EXAMPLE OF FRAUD OUT OF CONTROL.

    THOSE HOMEOWNERS SHOULD ALL FILE QUIET TITLE ACTIONS AGAINST THIS TRUSTEE BECA– USE IT IS CONFIRMATION THAT THOSE ASSETS ARE SECURITIZED AND THERE’S NO WAY A TRUSTEE CAN GET A CHAIN OF ASSIGNMENT FROM AN DEAD BANKS AND CLOSED TRUST THAT WAS SOLD TO WALL STREET..

    PEOPLE WAKE UP TO THIS CON OF THEFT AGAINST THE HOMEOWNERS WHO STILL HAVE LEGAL TITLES TO THEIR HOMES, AND THEIR STATUE OF LIMITATIONS WON’T RUN OUT DUE TO THE TRUSTEE FRAUD.

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