<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	
	>
<channel>
	<title>
	Comments on: Georgia &#124; Attorney General Sam Olens Joins Dissenters Opposing Writedown Plan in State Foreclosure Deal	</title>
	<atom:link href="https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/feed/" rel="self" type="application/rss+xml" />
	<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/</link>
	<description>- Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE</description>
	<lastBuildDate>Wed, 03 Dec 2025 17:25:43 +0000</lastBuildDate>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.0.2</generator>
	<item>
		<title>
		By: yvonne		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28734</link>

		<dc:creator><![CDATA[yvonne]]></dc:creator>
		<pubDate>Thu, 21 Apr 2011 17:43:08 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28734</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28480&quot;&gt;housemanrob&lt;/a&gt;.

That is exactly what the Basic Instruction Before Leaving earth says...they will consume each other with their own lust(for greed)...just a matter of time...but the house of cards is crumbling....their is yet hope for America...]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28480">housemanrob</a>.</p>
<p>That is exactly what the Basic Instruction Before Leaving earth says&#8230;they will consume each other with their own lust(for greed)&#8230;just a matter of time&#8230;but the house of cards is crumbling&#8230;.their is yet hope for America&#8230;</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: yvonne		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28732</link>

		<dc:creator><![CDATA[yvonne]]></dc:creator>
		<pubDate>Thu, 21 Apr 2011 17:32:20 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28732</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28665&quot;&gt;talktotennessee&lt;/a&gt;.

Yes, and the homeowner will be able to make more affordable payments...]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28665">talktotennessee</a>.</p>
<p>Yes, and the homeowner will be able to make more affordable payments&#8230;</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: talktotennessee		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28665</link>

		<dc:creator><![CDATA[talktotennessee]]></dc:creator>
		<pubDate>Thu, 21 Apr 2011 04:06:42 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28665</guid>

					<description><![CDATA[They are looking at this all the wrong way!  As an appraiser, I am often called on to do liquidation appraisals. A liquidation appraisal calls for valuing a previously foreclosed property at a value for which it could be sold within a 30-day window.  Now, think about that for a minute and let it sink in.  . . . . 
What just happened with that REO sale?
YES!  The guarantor or loan backer WROTE DOWN the mortgage to liquidate in a 30 day window. Usually a cash investor will buy and make the profit on resale.  The investor profits but the original mortgage holder loses. What does he lose?  Principal.
If the loan can be written down to sell for pennies on the dollar from the original mortgage, the investor who owns it akes a hit, the insurer who insured the loan takes a hit. 
Principal is written off or down if you will.
Why not do the same for the homeowner. I will guarantee you most loans could be modified to help both homeowner and gain the investor a better return than a REO 30 day liquidation will recover.]]></description>
			<content:encoded><![CDATA[<p>They are looking at this all the wrong way!  As an appraiser, I am often called on to do liquidation appraisals. A liquidation appraisal calls for valuing a previously foreclosed property at a value for which it could be sold within a 30-day window.  Now, think about that for a minute and let it sink in.  . . . .<br />
What just happened with that REO sale?<br />
YES!  The guarantor or loan backer WROTE DOWN the mortgage to liquidate in a 30 day window. Usually a cash investor will buy and make the profit on resale.  The investor profits but the original mortgage holder loses. What does he lose?  Principal.<br />
If the loan can be written down to sell for pennies on the dollar from the original mortgage, the investor who owns it akes a hit, the insurer who insured the loan takes a hit.<br />
Principal is written off or down if you will.<br />
Why not do the same for the homeowner. I will guarantee you most loans could be modified to help both homeowner and gain the investor a better return than a REO 30 day liquidation will recover.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: angry &#38; NOT TAKING IT		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28522</link>

		<dc:creator><![CDATA[angry &#38; NOT TAKING IT]]></dc:creator>
		<pubDate>Wed, 20 Apr 2011 19:31:49 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28522</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28456&quot;&gt;Officer of the Law&lt;/a&gt;.

Officer of the Law...we can prosecute the prosecutors as private attorney generals.. this how WE can bring criminal charges..they gov forces that CONtrol the Gov agency&#039;s are all violating their oath to up hold PUBLIC POLICY... obstruction of justice, aiding and abetting or accessory after the fact , property conversion ,violating their oath of office, this would INCLUDE THE STATE AG.! 
FUKEM &#062;&#062;BRING IT!]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28456">Officer of the Law</a>.</p>
<p>Officer of the Law&#8230;we can prosecute the prosecutors as private attorney generals.. this how WE can bring criminal charges..they gov forces that CONtrol the Gov agency&#8217;s are all violating their oath to up hold PUBLIC POLICY&#8230; obstruction of justice, aiding and abetting or accessory after the fact , property conversion ,violating their oath of office, this would INCLUDE THE STATE AG.!<br />
FUKEM &gt;&gt;BRING IT!</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Ron		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28515</link>

		<dc:creator><![CDATA[Ron]]></dc:creator>
		<pubDate>Wed, 20 Apr 2011 19:15:25 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28515</guid>

					<description><![CDATA[What does any Attorney General know about market forces.  What I thought would be of most concern to the states is the health of their constituents and state economies.  Write Downs help everybody but the private banks.

Why would the AG&#039;s in these states support anything other than what is of benefits to the state.

How can the states manage millions of unemployed and homeless.]]></description>
			<content:encoded><![CDATA[<p>What does any Attorney General know about market forces.  What I thought would be of most concern to the states is the health of their constituents and state economies.  Write Downs help everybody but the private banks.</p>
<p>Why would the AG&#8217;s in these states support anything other than what is of benefits to the state.</p>
<p>How can the states manage millions of unemployed and homeless.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Denise Dorsey		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28508</link>

		<dc:creator><![CDATA[Denise Dorsey]]></dc:creator>
		<pubDate>Wed, 20 Apr 2011 19:04:43 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28508</guid>

					<description><![CDATA[Very good article Sally bravo. Pay attention people.]]></description>
			<content:encoded><![CDATA[<p>Very good article Sally bravo. Pay attention people.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Kathryn Harper		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28503</link>

		<dc:creator><![CDATA[Kathryn Harper]]></dc:creator>
		<pubDate>Wed, 20 Apr 2011 18:57:26 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28503</guid>

					<description><![CDATA[I&#039;m in Ga and just left my third message for Mr. Olens. Have never received any reply, btw, so I don&#039;t expect one this time either.  Ga, as many of you know is a non judicial foreclosure state. This is where we need reform, not some write down with the new contract favoring the bank. I for one would simply like the opportunity to see if my mortgage can be corrected. Since we all know that can&#039;t be done, let&#039;s arrest the bankers and update the laws to make it easier for people like me to find some redress. 
How many months have the ag&#039;s been meeting and this is all we get?]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m in Ga and just left my third message for Mr. Olens. Have never received any reply, btw, so I don&#8217;t expect one this time either.  Ga, as many of you know is a non judicial foreclosure state. This is where we need reform, not some write down with the new contract favoring the bank. I for one would simply like the opportunity to see if my mortgage can be corrected. Since we all know that can&#8217;t be done, let&#8217;s arrest the bankers and update the laws to make it easier for people like me to find some redress.<br />
How many months have the ag&#8217;s been meeting and this is all we get?</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Sally		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28489</link>

		<dc:creator><![CDATA[Sally]]></dc:creator>
		<pubDate>Wed, 20 Apr 2011 17:53:39 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28489</guid>

					<description><![CDATA[&quot;the normal market forces&quot;

And just WHO are these market forces? It has been proved and admitted over and over that the market forces are big banks and Wall Street execs. But it&#039;s a stretch to call them normal. Well, they are working on becoming normal...NORMAL CRIMINALS! It&#039;s becoming normal to commit egregious crimes and admit so in public hearings with no fear of reprisal to claw back the money they stole or prosecution for stealing it. These criminals have publicly admitted their crimes and have been exposed in every congressional investigation or hearing, yet nothing is done. Referring this to the SEC is a joke, as it is short staffed and can only bring CIVIL suits. And the Department of JUSTICE? Well, no need to say more... These investigations and feigned indignation are only very expensive window dressing. 

These useless investigations are sucking up tax money by millions and millions of dollars and giving our country nothing in return, except the facade that a committee is &quot;investigating.&quot; We should know we are in trouble when at a congressional hearing about the mortgage mess, one of our &quot;distinguished&quot; senators asked a professor to explain MERS to him! He actually did not know one thing about MERS, except that it was to be discussed that day. Do they ever do a little homework before they sit in those hearings as the so-called leaders? Some of our representatives need to be in prison with the Wall Street execs, and others need to be removed from their positions--without pensions for life. 

Americans are without jobs and without homes--many from FORCED unemployment unlikely to change anytime soon--because of these greedy individuals who are obsessed with making more and more money while Rome burns. The banksters already have more money than they can ever spend, except for converting it to tons of gold before the rest of us have to eat out of trash cans. Millions of Americans already are forced to food stamps. Does that not matter? It matters to ME!

It is absurd for these AGs to say they can&#039;t accept write downs because it would encourage those current on their mortgages to stop paying. Does that not say they want the homeowners still paying mortgage payments to keep up this criminal enterprise? Is it not admitting that these homeowners already have reason to stop paying? Is it not saying that they are the shoulders on which this is placed until the elite can run out the statute of limitations for their prosecution? More importantly, does it not say that the REAL power to turn this around is in the hands of those still paying their mortgage?

The financial system is going to fall sooner or later, and many homeowners are going to wish they had used that mortgage money to stimulate our economy themselves. Remember what our &quot;generous&quot; politicians tried to sell to us with a one-time payment of $300-600 to taxpayers to stimulate the economy. It was an insult to every hard-working American, considering the amount of TARP money banks took and kept, or, as has been reported, took to an offshore bank. If $600 dollars ONE TIME in our hands could stimulate our economy (which it didn&#039;t), why not show them what all of our mortgage payments EVERY MONTH actually COULD do for our country! We could help those who have been forced to the streets. We could create jobs, we could start new businesses. We could pay off personal debt. We could be AMERICANS again. Forget FICO scores, who wants more credit anyway? That&#039;s what all of this misery in America is about now. We must learn to save and pay cash for things we need. Besides, does anyone really want more of those gadgets made in China that break just after the warranty expires and before the purchase on a credit card is paid off?

When our representatives speak of &quot;spreading the wealth,&quot; we can be sure they don&#039;t mean distributing it to hard-working, creative, middle-class Americans. Foreign countries who hate America should not be allowed profit from our country&#039;s misery and should not determine the value of our dollar. 

It could be true that palms are being greased, accounting for the sudden change of mind from state AGs. Either that or we have allowed the biggest morons and morally corrupt people on earth to run our federal and state business. They must have the biggest laugh when they all meet on their yachts. It&#039;s passed time to exercise WE THE PEOPLE power. 

America is NOT broke, the wealth is just in the wrong hands, and we need to put it where it belongs. 
Just maybe it is time for America&#039;s homeowners to write down their own loans and STOP PAYING these crooks who breached our mortgage contracts at the closing table. Our representatives have let us down. They are NOT listening to us. If even 30% of homeowners would stop paying their mortgage for six months, we could be heard!]]></description>
			<content:encoded><![CDATA[<p>&#8220;the normal market forces&#8221;</p>
<p>And just WHO are these market forces? It has been proved and admitted over and over that the market forces are big banks and Wall Street execs. But it&#8217;s a stretch to call them normal. Well, they are working on becoming normal&#8230;NORMAL CRIMINALS! It&#8217;s becoming normal to commit egregious crimes and admit so in public hearings with no fear of reprisal to claw back the money they stole or prosecution for stealing it. These criminals have publicly admitted their crimes and have been exposed in every congressional investigation or hearing, yet nothing is done. Referring this to the SEC is a joke, as it is short staffed and can only bring CIVIL suits. And the Department of JUSTICE? Well, no need to say more&#8230; These investigations and feigned indignation are only very expensive window dressing. </p>
<p>These useless investigations are sucking up tax money by millions and millions of dollars and giving our country nothing in return, except the facade that a committee is &#8220;investigating.&#8221; We should know we are in trouble when at a congressional hearing about the mortgage mess, one of our &#8220;distinguished&#8221; senators asked a professor to explain MERS to him! He actually did not know one thing about MERS, except that it was to be discussed that day. Do they ever do a little homework before they sit in those hearings as the so-called leaders? Some of our representatives need to be in prison with the Wall Street execs, and others need to be removed from their positions&#8211;without pensions for life. </p>
<p>Americans are without jobs and without homes&#8211;many from FORCED unemployment unlikely to change anytime soon&#8211;because of these greedy individuals who are obsessed with making more and more money while Rome burns. The banksters already have more money than they can ever spend, except for converting it to tons of gold before the rest of us have to eat out of trash cans. Millions of Americans already are forced to food stamps. Does that not matter? It matters to ME!</p>
<p>It is absurd for these AGs to say they can&#8217;t accept write downs because it would encourage those current on their mortgages to stop paying. Does that not say they want the homeowners still paying mortgage payments to keep up this criminal enterprise? Is it not admitting that these homeowners already have reason to stop paying? Is it not saying that they are the shoulders on which this is placed until the elite can run out the statute of limitations for their prosecution? More importantly, does it not say that the REAL power to turn this around is in the hands of those still paying their mortgage?</p>
<p>The financial system is going to fall sooner or later, and many homeowners are going to wish they had used that mortgage money to stimulate our economy themselves. Remember what our &#8220;generous&#8221; politicians tried to sell to us with a one-time payment of $300-600 to taxpayers to stimulate the economy. It was an insult to every hard-working American, considering the amount of TARP money banks took and kept, or, as has been reported, took to an offshore bank. If $600 dollars ONE TIME in our hands could stimulate our economy (which it didn&#8217;t), why not show them what all of our mortgage payments EVERY MONTH actually COULD do for our country! We could help those who have been forced to the streets. We could create jobs, we could start new businesses. We could pay off personal debt. We could be AMERICANS again. Forget FICO scores, who wants more credit anyway? That&#8217;s what all of this misery in America is about now. We must learn to save and pay cash for things we need. Besides, does anyone really want more of those gadgets made in China that break just after the warranty expires and before the purchase on a credit card is paid off?</p>
<p>When our representatives speak of &#8220;spreading the wealth,&#8221; we can be sure they don&#8217;t mean distributing it to hard-working, creative, middle-class Americans. Foreign countries who hate America should not be allowed profit from our country&#8217;s misery and should not determine the value of our dollar. </p>
<p>It could be true that palms are being greased, accounting for the sudden change of mind from state AGs. Either that or we have allowed the biggest morons and morally corrupt people on earth to run our federal and state business. They must have the biggest laugh when they all meet on their yachts. It&#8217;s passed time to exercise WE THE PEOPLE power. </p>
<p>America is NOT broke, the wealth is just in the wrong hands, and we need to put it where it belongs.<br />
Just maybe it is time for America&#8217;s homeowners to write down their own loans and STOP PAYING these crooks who breached our mortgage contracts at the closing table. Our representatives have let us down. They are NOT listening to us. If even 30% of homeowners would stop paying their mortgage for six months, we could be heard!</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: MARIO KENNY		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28474</link>

		<dc:creator><![CDATA[MARIO KENNY]]></dc:creator>
		<pubDate>Wed, 20 Apr 2011 16:40:29 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28474</guid>

					<description><![CDATA[we are already in revolt, have been for the past 4 yrs just that most people do not realize it yet]]></description>
			<content:encoded><![CDATA[<p>we are already in revolt, have been for the past 4 yrs just that most people do not realize it yet</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: l vent		</title>
		<link>https://4closurefraud.org/2011/04/20/georgia-attorney-general-sam-olens-joins-dissenters-opposing-writedown-plan-in-state-foreclosure-deal/#comment-28467</link>

		<dc:creator><![CDATA[l vent]]></dc:creator>
		<pubDate>Wed, 20 Apr 2011 16:31:17 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=22714#comment-28467</guid>

					<description><![CDATA[Write downs may effect the normal market forces?   NO ONE wants a write down of a FAKE MORTAGE LOAN THAT NEVER EXISTED. THAT SHIP  SAILED WITH THE LOAN MOD FRAUD.  RESCIND OUR FAKE MORTGAGE CONTRACTS!!   This AG is being VERY DECEPTIVE HERE by not telling the people of his state the TRUTH,  FRAUD IS THE NORMAL MARKET FORCE.  He is right though, just deceptively so,  IF YOU TAKE FRAUD OUT OF THE EQUATION, THERE WILL BE NO MARKETS.]]></description>
			<content:encoded><![CDATA[<p>Write downs may effect the normal market forces?   NO ONE wants a write down of a FAKE MORTAGE LOAN THAT NEVER EXISTED. THAT SHIP  SAILED WITH THE LOAN MOD FRAUD.  RESCIND OUR FAKE MORTGAGE CONTRACTS!!   This AG is being VERY DECEPTIVE HERE by not telling the people of his state the TRUTH,  FRAUD IS THE NORMAL MARKET FORCE.  He is right though, just deceptively so,  IF YOU TAKE FRAUD OUT OF THE EQUATION, THERE WILL BE NO MARKETS.</p>
]]></content:encoded>
		
			</item>
	</channel>
</rss>
