Several judges and state prosecutors have resigned their positions to go to work for some of the largest foreclosure law firms in the US…..one was Fed court judge in Florida [ 2 weeks ago]……rotten apples keep falling from rotten trees…….

Last response to John doy, @ June 16, 2011 at 4:22 PM. Bank of America sold my Note three times and now wants to FORECLOSURE on the same property. I think, it is little bit TOO MUCH ‘profit’ for junk house! They never did Inspection of property and falsified an Appraisal by including two lots of land while I have only one! Sorry! I will never pay even penny anymore and they will not take my house, though, they are trying to do this so hard for third year! How old are you, John doy? You even unable to read and understand what we are talking about.

Thanks Bobbi,
My last post was my last post to John Doe. It was obviously a waste of time.
I don’t have a mortgage background, and steadily trying to catch up with the learning curve
of what is going on in exchange of the ways it used to work. The history is amazing.

Bobbi, I agee about jd. I just feel she is not real educated about the issues and I thought it was inecessary to explain what happened. JD is ‘stuck’ and doesn’t understand the full process. I didn’t even realize what had happened until a few months ago. I have a mortgage background and like you, I was there when it was an honest business, when integrity meant something. I left before all this mess started so I have been playing catch up, my only advantage has been that I understand it a little better because I know how it worked before securitization. JD seems to be basing her knowledge on the old rules and why she was taught that way confuses me. Her lack of knowledge became apparent to me when she stated she lost her L.O. job because of cut backs due to ‘seniority’. No, not true. Seniority had nothing to do with a loss of a L.O.’s job as they were valued about all else due to how much they could produce, not how long they were in the biz. A L.O. was the companies bread and butter and a good producer would never be demoted to the collection dept. Those following these sites hopefully can see that she isn’t that qualified to be discussing these issues and not open to learning anymore than what she has been told to say.

@ Readdocs, Marie & AliceN.Wunderland – It’s a waste to continue to answer JOHN DOE. He has been so brainwashed by the lending community and probably will never see the light of day. You all are way to intelligent to try to move a locomotive down a track backwards! I read all of his replies to the posts by the 3 of you and all I can say is Poor Boy! He is drowning in ignorance! He doesn’t even realize that the money being lent to his company’s borrowers isn’t even their own money – he works for a non-bank – no depositors – just a line of credit with a 3rd party to fund the pipeline. Point in case is Taylor, Bean & Whittaker with Colonial Bank being their point of funding….yep, and we all know where that trail ended….lots of people losing their jobs and management on both sides have been sent to jail leaving behind the fraudulent mortgages used to swindle the money for themselves! Bye-bye John Doe!

Wow…just wow.
You didn’t read a thing I posted.
You write like the only problems going on are dead beat borrowers.
The banks could not possibly be doing anything of the things discussed on this site.
Well who ever you are, good luck with that because as the citizens of this country
wise up, the banks are going to dry up.
It doesn’t matter if the payments on a bad mortgage are made or not, that’s the point.
The mortgage is designed to fail, so the insurance applied to the loan will bring in much
more money than someone actually paying off a bad mortgage. If you don’t know what
a bad mortgage is, then you are no mortgage broker or otherwise.
There’s no such thing as the credit bureaus working with the loan underwriters in padding
credit scores so hundreds of thousands can be signed up for subprime loans. There’s no
such thing as appraisal districts padding their numbers to keep the higher rate of taxes
going on either. And there’s no such thing as robo signing from the original wet ink documents
through any transaction, transfer, or assignment either. Theres’ no such thing forged
initials or signatures, or of fraudulent documents created after the fact either. None of this
is going on, even the courts are hallucinating when this stuff is presented in court. Like in
Michigan right now. Ther’e’s no such thing as banks foreclosing on properties that are not
theirs, and have never been theirs. There’s no such thing as banks selling foreclosed properties
that theirs either.
You’ve failed to discuss any of this or of the previous post. you’ve attempted to manipulate this
thread to your agenda. You are OBT– USE.
And by the way, each of those ‘no such things’ above are related to actual cases.

Challenge everything. They may not have it!

Good luck to all. Fight the good fight!

@ Readdocs

ok “mr know it all” you sound like you’re talking straight out of an article you read. let me first start by saying this: it doesn’t matter one bit who services the loan–whether it was the bank you originated with or another entity…you still have to make the payment. Because NOTHING would have changed about the terms of your loan in the transfer. also, it really doesnt matter whether or not the foreclosure paperwork was “processed or filed” correctly. that does not negate the fact that an individual would not be in that particular situation if the payments were being made. in the case that the foreclosure was not “processed correctly” for whatever reason…all that’s going to happen is the file will get sent back to foreclosure and be re-done right the next time. i’ve seen it happen before. the fact of the matter is that if the payments were made…the issues you are referring to would not even come up b/c foreclosure would never be in the picture.

let me also remind you to go back to any of my original comments. i’m not taking the side of the banks or the homeowners. my original comment was simply discussing how TOO many americans want to “blame” the banks because they lost their home to foreclosure because that seems to be the trendy thing to do. when in actuality the majority of foreclosures are done correctly but the incorrect ones get all the press of course.

i have witnessed and sent hundreds of homes to foreclosure. and each time i’ve had to tell a homeowner that their property will be sold in foreclosure they always want to yell atme me & blame me. but when i look at the account history all i see is hundreds of attempts to make contact with no response. or efforts to provide assistance only to realize its just not feasible. but in the same token i’ve also prevented even more homes from going to foreclosure. now i will say this…if you have a legitimate case to make as to how or why you were wrongly foreclosed on then by all means fight it. but if you’re just in a situation where you lost your job or couldn’t make your payment…don’t blame the bank.

best advice i can give is this: if you’re facing foreclosure contact your lender. don’t just avoid the phone calls or “threaten” to get a lawyer b/c it does you no good. there are possible options out there for you. if a loan modification or a payment plan won’t work for you then look into a short sale or a deed in leiu of foreclosure. ANYTHING is better than a foreclosure b/c it stays on your credit for 7 years. and please people dont just think that filing bankruptcy will prevent a foreclosure because it doesnt…it only delays the inevitible. chapter 13 might buy you some time if you are actually making the payments but once the bk is discharged you’ve still got this big mortgge to deal with. and chapter 7 is not the answer either because the bank WILL obtain relief (meaning that they will not allow you to include the mortgage in your bankruptcy). then once that gets discharged yes it is possible that you may not have any “financial” responsibility to the loan but you’ve still got to either continue paying if you want to stay in the house or short sale or deed the property back…otherwise you WILL face foreclosure action for non payment. the notion that you can just wash your hands of a $150k mortgage with a bk the way you can with a $2,000 credit card is obsurd. do you really think that lender is not gonna put up a fight and try to demand to get paid??

Here you go:
Schuette Issues Subpoenas in Criminal Probe of Mortgage Processors
http://www.michigan.gov/ag/0,1607,7-164–257956–,00.html

These are criminal subpoenas, not civil.

Mr.John Doe,
Projecting now? Manipulation to change the direction of this thread? There is no there there. No anger
and no mortgage. Let’s keep this on subject shall we?
I have been doing research on this subject for a couple of years now, and it’s amazing how you sideline
some of the most important parts of the mortgage fraud…involving the origination of the blank forms printed out for the next subprime loan target. All the way to the bundled, pooled, and securitized mortgages that are being discovered not transferred to the trusts in a timely manner. In some cases not transferred at all. Which means all along the transfer of the original wet ink documents there has been breaks in the chain of title history. This is being discovered as more of the trusts are being opened up and found either inactive, investor propagation under the 300 investor limit, no longer exist, or just plain old empty. The short cuts that the custodians have been making has left out important filings and transfers that can cause these trusts to lose their tax exemptions and find the whole kit and kaboodle seized by the IRS. Which means a failure of standing in court no matter who holds the notes.
This is not due to dead beat borrowers, this is due to the incompetence, and sloppiness in due diligence.
In other words, doing the job correctly and professionally. If you stand on the premise of legal foreclosure, then you should also stand on the premise of no foreclosure when the custodians do not
do their job correctly, causing the servicer or custodian to pay the penalty of losing standing due to
causing property titles to be broken, in some cases to the point they can never be fixed because the
original wet ink documents were not transferred, or were not recorded within the time limit, or in many
cases documents were destroyed usually through shredding.
Now if you are a mortgage broker, you know all of this, as it’s been standard procedure more and more
commonly since the establishment of MERS.
It is the responsibility of the servicer in representation of the lender to do the utmost in guaranteeing
the borrower is guaranteed a clear and whole title when the mortgage has been satisfied. There are now
some 60 million mortgages that are suspect due to the fact in being registered through MERS that many of the stipulated steps and procedures to attain this guarantee have not been completed or in many cases even done. In a court of law, possession of all parts of the original documents must be proven,
and all steps and procedures have been completed as directed through contractual agreement. If this has not been done, then the mortgagers side of the contract has been broken, as is being shown n
court.