It seems to be imploding everywhere today…
Here is one of the eight cases filed by Stern that were mentioned last week in the post David J. Stern Strikes Back, Sues Lenders That Once Hired Him.
The complaint contains the CHASE HOME FINANCE LLC ATTORNEY/TRUSTEE AGREEMENT and all the cases and amounts due that are in dispute…
From the complaint.
COUNT I
BREACH OF CONTRACT7. DJSPA realleges paragraphs 1 through 6 as if fully set forth herein.
8. In early 2006, Chase and DJSPA entered into a contract for DJSPA to provide legal services to Chase. A copy of the contract is attached hereto as Exhibit A.
9. Chase breached the contract by failing to pay DJSPA for the legal services it provided to Chase.
10. DJSPA was damaged by Chase’s breach of contract.
WHEREFORE, DJSPA demands judgment for damages against Chase, plus interest and costs.
COUNT II
OPEN ACCOUNT11. DJSPA realleges paragraphs 1 through 6 as if fully set forth herein.
12. Chase owes DJSPA $398,979.95 that is due with interest since February 24, 2011, according to the account, attached as Exhibit B.
WHEREFORE, DJSPA demands judgment for damages against Chase, plus interest and costs.
COUNT III
ACCOUNT STATED13. DJSPA realleges paragraphs 1 through 6 as if fully set forth herein.
14. Before the institution of this action, DJSPA and Chase had business transactions between them and on February 25, 2011 agreed to the resulting balance.
15. DJSPA rendered a statement to Chase, a copy being attached hereto as Exhibit C, and Chase did not object to the statement.
16. Chase owes DJSPA $398,979.95 with interest since February 24, 2011 on the account.
WHEREFORE, DJSPA demands judgment for damages against Chase, plus interest and costs.
Full complaint with exhibits below…
You can’t make this stuff up…
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4closureFraud.org
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The Law Offices of David J. Stern, P.A. Plaintiff, v. Chase Home Finance, LLC, Defendant
It is more astonishing common to hear about the pretender lenders suing the corrupted law firms that not only committed thousands of felonies and serious crimes by hiring Foreclosure Mills to fabricate every single document to make the courts and the Judges believe that since they are representing their clients and under the oath they take very slightly to abide by the law. Who would have thought that this mess of Fraudclosure will end up like this. This is getting worse and worse everyday. We hear so many cases and everybody is suing somebody. We also now hear investors and insurance companies suing the lenders to buy back all those RMBS loans that turned out to be toxic assets.
We are also hearing more and more law suits from the SEC investigations against many too big to fail banksters. There must be close to million of law suits all over the country in the last few years.
This is not even close to the end. We are barely touching the surface here. Just wait until the whole country finds out who owns their mortgages. Just wait until the whole country finds out that they had been throwing their money to the pretender lenders through their Servicers, whom they don’t even know how much people owe them because they do not own the debt, they don’t have the debt validation, and what is worse, they don’t have the conveyance of the title. Are you surprise yet? There must be more than 65 million homeowners under Fannie Mae and Freddie Mac who has MERS and their notes were Securitized at Wall St.
We are closing the second wave and now starting the third wave of Foreclosure for Neg-Arms, Option Arms, and Alt-A loans. There will be from 2.5 to 3.0 million foreclosure this year alone.
Remember all those homes for over a million dollars sold at the tease rate of 1.0% and adjusted to 3.5% after 2 or 3 years, but wait, it has been already 5 years and their loans will adjust again to 6.0 % or 6.5% and in some cases even higher. People that used to pay $2,500 per month now have to pay over $5,000 per month to pay for interest and principal. Since millions of people can not longer pay the minimum payments, they have to pay the interest only or the principal and interest.
Since many of them can not pay the interest only or the next option principal and interest, they will not be able to keep their homes. A loan modification for over a million dollars home is very unlikely. A deed in lieu off or a short sale is more likely. However, many people who owns these homes have chosen to walk away and make it a smart decision, just like the rich does with their investments when they feel they made a bad decision.
Of course, we hear more and more that no one should walk away from their homes from Fannie Mae and Freddie Mac, the GSE government agencies that now write laws for everyone to follow under the umbrella of the U.S. Government. You may think this is amazing that the ones who were also part of the whole ordeal we are living today, are the ones who are in charge running the show. What is really amazing is that they are in a living mode by a string since they are being subsidized by the Federal Government through the whole country paying taxes.
I think America is waking up after all these years. Most people now understand what is going on. They also realize more and more that the corruption in the U.S. Government has spread in all the areas of Government and all the industries. They realized and understand that the Government and all the industries they do business with had lie and committed major crimes that are too difficult and hard to believe.
The worse in all of these situations are that people can not comprehend that the Government itself is involve and behind many of these industries that are braking the law and getting away with it. There is not Justice, Democracy or Freedom anymore in America.
People are getting used to the idea that there are two types of Justice in the U.S. One for the rich and one for the poor, because the middle class had been eliminated by the rich. There are more than 80% of people living in poverty and from pay check to pay check with minimum wages.
We are living in an era of survival. People have to learn to live together and depend on each other to be able to survive the next generation, perhaps the next two decades.
As always, God Bless You and God Bless America.
Just so you know. Sterns is going to get more money here than in doing all those Fannie Mae Foreclosures since he is leaving in two days his office is closing down . 100,000 cases left for someone to try and pick up .Fannie Mae you are the government and hired him snd since you fired him you must pay him or get sued as is being done to Chase. Wow as I said Stern is getting out of the game and will walk away untouched just llike Country wide CEO on Stern’s will not pay 67.5 million to get cleared cause he has a Fannie Mae issued Get out of Jail free card. Smart guy. Plays his Ace’s when he need too.
And the cannibalisms continues… : )
NO HONOR AMONGST THIEVES!!!