Trashed Out | Jackbooted Thugs Clean Out Wrong Home, Stolen Property Destroyed

Posted by 4closureFraud on September 30, 2012 · 2 Comments 

“On the door of the home Friday was a hand written note that reads “This is private property. No trespassing. If you coming in here, you won’t be leaving.” ~ Woman says foreclosure team cleaned out wrong home A Des Moines woman came home to find her belongings gone. A police report shows that last … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

NY Times | Foreclosure Settlement – When Banks Erase a Debt That Isn’t There

Posted by 4closureFraud on September 30, 2012 · 3 Comments 

“It’s bad enough that these letters are inaccurate. But even worse are the tax problems that they may create for people like Ms. Esposito. In most cases, the Internal Revenue Service considers debt that is forgiven to be taxable income. One exception occurs in bankruptcy; when a debt is discharged, it is not taxable.” ~ … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud