Comments on: Wall St blames homeowners in foreclosure fiasco

By: I PAID

I PAID — Sun, 17 Oct 2010 01:43:29 +0000

“If you didn’t pay your mortgage, you shouldn’t be in your house. Period.”

So, if you paid your mortgage, you should be in your house. Period.
I am filing legal papers this week.

By: John

John — Sat, 16 Oct 2010 18:04:45 +0000

I suggest all homeowners go to the county courthouse and records dept and ask for your address or you name be checked for recorded mortgages.
You’ll be suprised that in most cases there is NONE filed against you. To any outsider, you own your home free and clear. according to the records. The problem I see is who do you owe? That is reason enough to quit paying until you can see a note held by someone that you should pay.
Send a registered letter to whoever says you owe them and sometimes it is more than one saying it. Ask for an officer of that company to sign and be notorized that they have the original and send you a copy before continuing to pay. All I got awas a copy of a copy and from two of the ones wanting me to pay them. Wouldn’t it be a shame to finish your last agreed on payment and not receive like we did in the past, athe original marked paid in full.
How can you sell your home without giving a clear title and now title companies won’t give you clear title so you are stuck. Some call it title as usual, but check added paragraphs that eliminate real clear title language.

Question: what are the 45 States mentioned above where Mortgage is just an addition to the NOTE?

By: t rose

t rose — Sat, 16 Oct 2010 17:49:54 +0000

the only mortgages that should be paid are the ones from small community banks. I would suggest anyone that doesn’t pay a mortgage obtained from a large money center bank to not feel guilty about it. The american people will drive them out of business; no matter what it takes.

By: Marilyn Abdilla

Marilyn Abdilla — Sat, 16 Oct 2010 06:40:20 +0000

Mr. Toad made a statement and I must agree with him,,” Your mortgage didn’t get to a robo-signer by accident”.. it was no accident…he is correct there….robo-signers were GIVEN the documents to sign with orders to ‘push out’ a quota every day. Common sense would tell anyone that whoever put the information on the documents or affidavits would be the person responsible to state the truth. So if that person was given orders to fudge the truth, than the ball keeps rolling to the next giving the orders..well, need I say anymore on this…how high on the ladder must we climb. The higher you climb on a ladder the closer you are to the problem you want to solve.
To say ” possible errors in the foreclosures process are beside the point”… 1% may be an error…the rest just may be called a deliberate fraudulent ‘ACT’ to deceive. In foreclosure, nothing is beside the point. The process did not begin when the payments stopped. The process began when Sub-primes and the ARM’s were part of the ploy…these mortgages were doomed before the ink was dried. From than on it just got deeper…with the laws and rules changed by the banksters to seek all angles to grab with greed. Madoff was a peach compared to these rotten apples…and he is in prison.
To blame this on borrowers not being responsible to paying their debt..I cannot blame them..the writting was on the wall all along. Borrowers were struggling to stay afloat with NO help from the banks..or let’s say their servers…to see what was going on behind closed doors. The doors are open now and those quilty will have to come out and face the world. It’s a shame that those who have felt the pain of foreclosure or are facing foreclosure cannot receive and claim security of the financial industry with a slice and dice given to each person that has a story of foreclosure.
I am 72 years young and own my home, paid from my properties for retirement. I am lucky to say I lived when banks were home town banks…a pleasure to remember.

By: Hillary

Hillary — Sat, 16 Oct 2010 06:11:10 +0000

In reply to socialapocalypse. Its Skank of America-not Bank of America!!!!

By: Doretha Gill

Doretha Gill — Sat, 16 Oct 2010 05:52:04 +0000

Mr Todd,

You are indeed a moron.The best thing that could happen to you is to lose your job, then find out that your wall st buddies had stolen your 401k and other investments. After all of that, then find out the robber barons are giving you the run around for a mortgage modification. Your next step will be finding out you too have been swindled and your little mcmansion is being taken by you neighbor banker down the road, who has no real right to do so.

Watch out sir, God almighty has a way of turning these things back on people, who show no compassion for others. I guess your compassion went with that first million. What goes up will sometimes come back down.!

By: socialapocalypse

socialapocalypse — Sat, 16 Oct 2010 02:03:44 +0000

In reply to Gordon Brooks.

You’ll feel alot better when you get an attorney and file a wrongful foreclosure suit. In my state, I believe that ALONE is a $150K fine… This is why Bank of America’s stock hit a 52 week low this week… they are terrified of wrongful foreclosure suits and suits from investors who want their money back from securities that were never delivered to the trust they bought into.

It’s going to be a circus, and there isn’t enough money in existence to compensate everyone as the law allows. I have NO IDEA how this will play out.

Good luck!

By: Gordon Brooks

Gordon Brooks — Sat, 16 Oct 2010 01:00:17 +0000

You know, I lost my home in a non-judicial foreclosure. I’m not even trying to get it back. But after the fact, as I learned how my wife and I had been manipulated into taking an ARM, how the appraisal had been a complete sham, how the actions of the servicers were not in the best interests of the people who actually put up the money for the loan, and how they forced us into foreclosure when a reasonable (real) lender would have gladly taken the short sale offer we had in place…well, that’s when I got royally pissed off.

And then I discovered the robo-signers. And then I discovered the lies in the Pooling and Servicing Agreement. And then I even discovered that my previous mortgage may never have been legally discharged. And then I learned that the current owner of my house might have a loan just as bad as the one I had, and most certainly has a huge title mess to deal with.

And with a deficiency that should not exist at all, and possible tax consequences, hanging over my head, getting a “free house” is the furthest thing from my mind.

And pissed off doesn’t even begin to describe what I’m feeling now.

By: Okie

Okie — Fri, 15 Oct 2010 19:37:18 +0000

Jamie Dimon is a liar. What about all of us that were NOT in default until Chase used Unfair and Deceptive Practices, among several others, to manipulate and place homeowners in default? The only way to seek justice is a JURY TRIAL. I don’t care how long it takes. It WILL happen and the media will report it unless Chase can come clean and admit exactly what happened and compensate for the severe damage it’s caused. Not possible because Chase refuses to admit to any wrong doing. Chase screwed with the wrong Oklahoman this time. I’ll never stop fighting until I get what my family deserves. Every month makes me stronger and more determined. 21 long months. You think it’s bad now with the media reporting the news and depositions being released, my goal in life is to defeat Chase and help many others in this world of hurt they victimized. I will fight and report it from every direction. I made a promise to my family, myself and to Chase, I WILL win this battle. Jamie Dimon talks out of both sides of his mouth. Your staff did this to you Jamie Dimon so stop blaming everyone else. You know it’s the truth…

Okie

By: Linda Venturella

Linda Venturella — Fri, 15 Oct 2010 18:47:08 +0000

Fannie Mae is a GSE. They were given trillions of dollars to keep homeowners in their homes. Instead of facing the loan modifications head on they let the mortgage servicing industry lie and decieve us into foreclosure. I feel that this is an act of government sponsored terrorism towards struggling homeowners by Fannie Mae.