“First they ignore you, then they ridicule you, then they fight you, then you win.” — Mahatma Gandhi
Remember that article from this morning in where a most excellent Journalist, AMIR EFRATI did a piece on the cases reported on this blog?
Well there are some interesting topics being discussed in the comments section of this exact WSJ Article on Judge Bashes Bank in Foreclosure Case that I suggest you get involved in.
One particular comment caught the eye of Foreclosure Hamlet so she responded.
The result? A temper tantrum and a name calling session…
Looks like all us defenders of the truth are now being called Trolls and being reported for “abuse”.
Looks like when these people get backed into a corner, the best they can do is whine, kick and scream, so lets help them understand…
So I ask of you this, reader of this blog. Take a moment to voice your opinion on this important article Judge Bashes Bank in Foreclosure Case in the comment section to show we are not “Trolls” one “poster operating here under several open accounts”
All of us that he, Jeffrey Dugas, calls out as one “poster operating here under several open accounts” are all VERY REAL, Din SFLA, Lisa Ward, BARBARA JACKSON, http://stopforeclosurefraud. com/ http://www.foreclosurehamlet. org/ 4closureFraud. org http://livinglies.wordpress. com/ and we are here to stay…
He may be right in one aspect. We are all “one”, one collective group that will not stop…
I don’t ask much, help out and make a comment. We CAN educate the masses…
You can see the thread below…
JEFFREY DUGAS
So it goes a little something like this…
JEFFREY DUGAS wrote:
This is ridiculous. What, are we going to hold up bonafide foreclosure proceedings due to some clerical error on paperwork? We’re going to give deadbeat borrowers a pass because of this?
The banks “don’t own the property”, my A$$! The deadbeat borrower owes his payments to *somebody*, and if there is a technicality question, its better for an independent conservator to be assigned by the court, get rid of the deadbeat squatter, sell the property, and then distribute the proceeds to the rightful party after the paperwork is figured out later. Squatting is not an option. Moral hazard is not an option. Deadbeat dependency is not an option.
Letting people live in free houses at the expense of others is not a solution.
Lisa Ward replied:
AH! Great idea! For instance, this deadbeat couple that paid for their house in full in cash in 2005 and in waltzed Bank of America five years later and forecloses. You suggest we get rid of these two squatters, sell the property, distribute the proceeds to the “rightful party” after the paperwork is figured out? What say you of “moral hazard”?
Lisa
ForeclosureHamlet.org
I thought:
Well how can you possibly respond to that?
JEFFREY DUGAS replied:
Yeah, whatever. Keep spamming this site with the propaganda. All your accounts are on ignore now. I’m calling you out.
In case anyone else hasn’t picked up on it yet, there is probably a proxy poster operating here under several open accounts, all “nonsubscribers”, who appears to have set up multiple fake accounts to intentionally spam this and a couple other similar articles related to foreclosures / financial.
Wouldn’t it be amazing if the IP addresses of all the posters pointed back to the same organization? You know, you could at least cover your tracks a little better. Oops!
Common pseudonyms and “signature” lines:
Din SFLA
Lisa Ward
BARBARA JACKSON
http://stopforeclosurefraud. com/
http://www.foreclosurehamlet. org/
4closureFraud. org
http://livinglies.wordpress. com/
I definitely did “Report Abuse“, and passed this to customer service.
Troll.
__________________________
It goes on from there but you get the point…
Whenever there is an article that is significant in nature that exposes the massive pertinacious fraud that the banks have perpetrated on millions of Americans there are always the “Homeowner Haters” (just coined that).
Lets change the stigma, only if it is just in the comment section of this article.
Go comment here and be heard, it is actually fun once you get into it…
This one just chaps my ass…
Mr.Dugas, best take the attitude “there but for the grace of god go I” for this mess will soon be coming to a neighborhood near him. MBS BS mortgages and that is 95% of all of them out there have been paid for by the American Taxpayer with the bail out of AIG, the banks along with Fannie and Freddie.
That is why it is time for a MORATORIUM on foreclosures… the cash cow, the middle class tax payer is out of work or under employed..there is no where left to suck dimes and nickels out of people.. the well has gone dry.
HERE IS SOME MORAL HAZARD FOR YOU!
Senate Sub-Committee: 666 pages of WAMU’s fraud spree on homeowners, investors, and then shareholders and employees… then taxpayers…
http://hsgac.senate.gov/public/_files/Financial_Crisis/041310Exhibits.pdf
……………………………………………………….
I am sending out copies of this email to others to enlighten them as to the upcoming Senate Sub-Committee hearing with Kerry Killinger and Steve Rotella, both formerly of Washington Mutual Bank (WAMU.)
I have proof that WAMU INTENTIONALLY changed my debt to income ratio to willingly “force” the LPS Desktop underwriting program to “approve” my loan. This would mean three things:
1- WAMU deliberately and maliciously removed approximately 40% of my debt against my Debt to Income Ratio to over-ride the initial underwriter “decline” to generate a final “approval.”
2- My loan was based on FULL DOCUMENTATION of TWO YEARS of Tax Returns, Profit and Loss Statements, Balance Sheet and Operating Statements, Corporate returns, Copies of Leases, and checking statements which would have PLAINLY EVIDENCED THE DEBT OF THESE THREE MORTGAGES THAT WERE SIMPLY TOSSED ASIDE.
3- A consumer who would have performed this same act would be GUILTY of LOAN FRAUD, and due to the evidence and motive, would have been prosecuted and convicted of Loan Fraud.
In addition, the same final underwriter, cut the property taxes in half (approximately $4700) after PLAINLY ACKNOWLEDGING the taxes at approximately $10,000 in a prior agreed upon settlement statement. Again, this effort was clearly to force the LPS Desk-Top Underwriting Software to force the loan from a “decline” to an “approval.” Again, this would be considered loan fraud if perpetrated by a consumer. Regretfully, the property tax deficiency caused an unrealistic, unforeseen and unmanageable $1400.00 per month SPIKE in my mortgage payment 17 MONTHS AFTER CLOSING. Imagine, if your monthly payment unexpectantly and unfairly went up $1400 per month, would you be very happy?
I was sent a LOAN APPROVAL LETTER earlier than the initial “decline” indicating that it was a “good enough” loan at the dollar amount that I could shop, prepare to purchase, and close on a house at the commensurate price level of a million dollars. This proves two things about WAMU’s UNCLEAN HANDS and UNFAIR & DECEPTIVE BUSINESS PRACTICES:
1- They were willing to do anything they wished to approve the loan that WAMU knew would already fail.
2- That WAMU would approve this loan on the basis of utilizing the lowest payment of a NEGATIVE AMORTIZATION instead of the highest, fully indexed payment, as should have been an industry standard for underwriting “safety and soundness.”
The NEGATIVE AMORTIZATION feature of the OPTION ARM LOAN was NEVER FULLY DISCLOSED to me prior to the closing. This was a material misrepresentation to a fact and clearly produces FRAUDULENT INDUCEMENT. A reasonable person would have NEVER gone through with this TOXIC, EXPLODING LOAN that would severely damage my family’s lives for over the past 3 years, ruining my (our) great credit, costing me (us) 100,000’s of dollars, and losing potentially millions of dollars in income – past, present and future.
The terms and conditions of my entire loan changed at closing. So WHY did I not “see” all of the changes? Because I WAS NOT AT THE CLOSING. WAMU failed to meet the first closing date, I was out of town on business, and my wife and realtor went in my place. HOW WAS MY WIFE TO KNOW OF ALL THE ABRUPT, UNFORSEEABLE CHANGES made at the eleventh hour and 59th minute of a arduous two month process of merely buying a home? WAMU knew I was NOT going to be there to “catch” the changes.
WAMU certainly never expected to meet a Rob Harrington, or thousands like me, who would devote the rest of their lives to investigating and prosecuting the FRAUDULENT LENDING PRACTICES AND PATTERNS of “banks” like WAMU. I possess over 3000 additional pages of other documents, 100’s of phone calls, 1000’s of emails, and have researched and interviewed countless victims of (alleged) fraudulent and forged assignments and (alleged) illegal foreclosures across the country. The (alleged) abuse of process in the courts today by the corporations and their attorneys are a shameful recognition of how truly corrupt the process is against the homeowner.
The OTS, the most “shopped regulator” in the history of our country, “encouraged” banks like WAMU, Countrywide, IndyMac, World Savings, etc., to violate the very laws the OTS was supposed to enforce to protect the consumer.
Additionally, the FDIC is complicit as a “lax” regulator, who not only paid bonuses to their employees during the fraudulent boom, but they now stand in the way of WAMU homeowners seeking legal redress and are (allegedly) forcing FRAUD UPON THE COURTS/AB– USE OF LEGAL PROCESS upon struggling homeowners who really cannot afford proper legal representation. Furthermore, the FDIC profits from REO dispositions of foreclosed houses by the same failed (Bankrupt) banks who perpetrated the massive bulk of LENDING FRAUD. JPMorgan Chase is (allegedly) complicit in this scheme, as well. (Please reference the TEXAS ACTION in WAMU vs. FDIC/JPMorgan Chase – Delaware Bankruptcy Court)
A CRIMINAL AND CIVIL RICO CONSPIRACY EXISTS, and I bet you a dollar, not one word comes out in the sub-committee hearing (with Kerry Killinger and Steve Rotella) regarding the inherent criminality of what the mainstream media has universally termed “lax and reckless lending.” I promise you, by GOD, this will become exposed to the mass public, with or without your help. May GOD help anyone who hides and masks the truth as has been done so far. That would make many in Congress and Government – AIDERS AND ABETTORS – to a criminal and civil conspiracy, before, during and after the fact.
Shame on our Government (and BOTH POLITICAL PARTIES,) paid for by the taxpayers and citizens, the body that was supposed to protect all of us from the excesses and unfair profits of PROVABLE ORGANIZED CORPORATE FRAUD.
My name is Rob Harrington. I will swear by oath and attest that my 3 years of (almost) daily research and investigation will reveal the TRUTH about organized fraudulent lending.
Feel free to interview me, and the MILLIONS(?) of consumers who were most likely victims of LENDER FRAUD between the years of 2003 – 2007, especially by WAMU.
Consumers should NOT be expected to have to become attorneys who specialize in Real Estate Law, Contract Law, Finance Law and Securities Law… simply to buy and own a HOME!
The ONLY SOLUTION to fix our country and economy, is to investigate, prosecute and incarcerate corporate criminals and make the consumer victims of Corporate fraud whole again. Anything short of this solution and goal is treasonous and criminal.
Please share this email with the distinguished members of this very important Sub-Committee. Thank you and your members if their work is really designed to lead to real change that we as citizens can (finally) believe in.
Sincerely,
Rob Harrington
Co-Founder & Un-Paid Volunteer/
National WAMU Homeowners Support Group
(850) 259-6422
crharrington@cox.net
I love you guys and gals on foreclosure fraud, foreclosure Hamlett and Livinglies, but if you think these “love taps” are ridicule – You aint seen nothing yet!
Unless I’ve been misinformed, Jesus, who was the king of the Jews – got sold out by the Jews for 30 pieces of silver (not gold, SILVER) to the same Roman government who was oppressing the people Jesus was trying to help.
Telling the truth is serious business when the world is drowning in little white lies, half truths and total ignorance of the true facts.
Ghandi, Malcolm X, and all of the like where killed by their own people ya’ll.
Hint Hint folks…
No accidents, No mistakes.
Keep up the good work and fuck the haters! Period. Keep doing what you’re doing.
“Mama told me never stop till’ you bust a nut, Fuck the world if they can’t adjust” – Tupac Shakur
All lawyers: Google is your friend.
Took about two minutes to figure out he’s an appraiser affiliated with home builders.
Ask why we just didn’t let the banks burn down then have their notes sold off at 4-8% of face value to people who would renegotiate them? Sure; he and his buddies and their industry would have been wiped out but that’s the free market at work.
This whole gang isn’t sympathetic to moral appeal, and isn’t above ad hominem attacks, so just go for straight logic. The notes should have been forcefully renegotiated through forced liquidation of the note-holders. Instead we spent a few trillion to bail them out.
They’re the “deadbeats” more than individual homeowner. They took the money from “somebody” (that’d be Joe and Jane Taxpayer and the eight generations behind them) to prop up their portfolios and businesses, then pretended the handout never happened.