Fraudulent mortgage documents fill county files
NEW YORK — Counties across the United States are discovering that illegal or questionable mortgage paperwork is far more widespread than thought, tainting the deeds of tens of thousands of homes dating to the late 1990s.
The suspect documents could create legal trouble for homeowners for years.
Already, mortgage papers are being invalidated by courts, insurers are hesitant to write policies, and judges are blocking banks from foreclosing on homes. The findings by various county registers of deeds have hindered a settlement between the 50 state attorneys general who are investigating big banks and other mortgage lenders over controversial mortgage practices.
The problem of shoddy mortgage paperwork, which comprises several shortcuts known collectively as “robo-signing,” led the nation’s largest banks, including Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., and other lenders to temporarily halt foreclosures nationwide last fall.
At the time, “robo-signing” was thought to be contained to the affidavits that banks file when a mortgage is issued and somebody buys a house. The documents are used to prove they have the right foreclosure if the homeowner isn’t making mortgage payments. Companies that process mortgages said they were so overwhelmed with paperwork that they cut corners.
But now, as county officials review years’ worth of mortgage paperwork, in some cases combing through one page at a time, they are finding suspect signatures — either signed with the same name by dozens of different people, improperly notarized or signed without a review of the facts in the paperwork — on all sorts of mortgage documents, dating as far back as 1998, The Associated Press has found.
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@ I vent
and I think all of us cheated by this fraud should share in the pot
accumulated by forfeiture laws of the fraudsters assets
including giving back all their hidden assts, THEIR Homes,
and lets be kind and set up a tent city for them
while they await their day in court.,
Yea Marilyn….we could all smoke some.
They did it with Madoff they could do it with them
Marilyn….Yes, they did it to Madoff….BUT….he was not in the ‘ club ‘….besides he took money from the wealthy….notice they stripped his family of everything to pay back the weeping wealthy …..it would not have been done like that if it was the average Joe crying out….Madoff got 150 years in prison…and the whole country is screaming FRAUD…TREASON…TERRORTST..TYRANNY…and not one person has been handcuffed….it’s all in the money……….
Yes, and we could have a big party with it on the front lawn of the White House……My computer was down this morning…My internet provider says they thinks maybe someone has been trying to hack into my computer…Sneaky, sneaky……
Well, well, well, what do you know? Do you think the Federal Regulators really want to fix the problem with the biig banks? And now do you REALLY believe they are totally in love with the big banks and their dirty asses? And do you think I’m really fed up with the dubious, on-the-fence ways of North Carolinians who love the tune “Dancing in the Dark? And guess what? “Guess who’s Coming to Dinner” in 14 months – Hummm – Yeah – I Got it. Thank you very much.
I can date this Bank fraud back to 1994 when Fidelity NY FSB a now insolvent bank
hid four mortgage payments (two each on two NYC condos)
and preceeded to foreclose without the mandatory 30 day notice.
The fraudulent foreclosures ending with Astoria Federal S & L (successssor in Interest)
auctioning off my two condos with void ab initio judgments to straw buyers.
In those days they weren’t called Robo signers, they were called CORRUPT ATTORNEYS.
This evil plan has been in the works for decades….the massive cover-up for the end game started on 9/11…The criminals have put all of their agents in place to cover-up for all of their crimes and help them to steal America….
Ex-Italian President: 9/11 An Inside Job:
http://rinf.com/alt-news/911-truth/ex-italian-president-911-an-inside-job/1899/
FOX news reporting that fraudclosures are at a nine month high…They said this statistic is very dangerous for the health of the ecomony but it could be the bottom of fraudclosures…..Liars…this is strategic class warfare and may they all burn in hell for lying to the people…BTW, NOT A WORD ABOUT ALL OF THE FRAUD THESE CRIMINALS COMMITTED…..just the same old lying bullshit….The guest was asked by the anchor, should the Government be helping people stay in their homes? and guest said, not if they don’t have a job…….dirty bastards…..all of them…..they will ALL get theirs…
I am ALL for making banks cram down principal to keep people in their homes. But if a family doesn’t have a job, how will they stay in the house, even with a principal reduction?
CaitlinO…….Thinking outside of the box, they have put all of us in……Nye Lavalle stated that there are up to at least 10 mortgages on each piece of property……So unless we all agree to take 10 mortgages out a piece how are they ever going to pay for all of their fraud?……Uh, they can’t , the massive collateral fraud they created is UNSUSTAINABLE DEBT, I spoke with the attorney from original house closing who told me this……The american people cannot pay for all of their fraud……So in that case maybe the criminals are who needs to CRAM IT DOWN……and give the American people a frest start without anymore of their criminal intervention.
The banks should have to cram it all down…they have bankrupted the american people with all of their fraud and unsustainable debt creation….40 trillion in debt created out of thin air….backed by zero..Mainstreet should be able to extinguish the entire mortgage debt in a bankruptcy…and force the criminals to eat all of their fraud and see just what they have done to this country….This Government wants to save the banks and not the people…well we will see how the world reacts when the banks are the only thing left standing and they have to pay for everything….by themselves..Without the American people, this whole Global Scheme is going down the toilet where it should go….None of them would be anything without all of us to steal from and soon they won’t be anything…They all think they are so smart…..we will just see about that. This global banking sham and ruling elite evil plan is about to all go to hell where it truly belongs…..
As the exposure grows, they will discover this goes all the way back to
the inception of MERS in 1993. That’s nearly 20 years of fraud.
When the properties were continued to sell and be signed off by
title companies who covered these discrepancies up, more will be
revealed. Forensic on every property bought and sold since 1993
will have to be performed to make sure each property has a clean
title or what problems will be revealed that might be repaired, and
what can’t be fixed.
Now the Banksters are caught in their own trap! What are they gonna’ do now….with a steel trap closing on them….and a gaunlet of sins to run through!
MERS is the banks! Contact your local County
Recorcer office tell to sue MERS.
The cover-up continues..now the agencies that are supposed to be protecting people from the criminals are lying and covering up for them more than ever…..They are actually flat out ignoring our complaints about fraud in the fraudclosures and telling people that you signed a mortgage…when in fact we never signed anything because the truth is they nullified their contracts by committing massive fraud in our names…..and they never lent us any money…..they robbed America massively and perniciously and the robbery continues…
An attorney told me point blank, the banks own Chicago….I have noticed since Rahm Emmanuel stole Mayor Daley’s job, the lies and the cover-up for all of the mortgage fraud..A/K/A as FORECLOSUREGATE is getting bigger and bigger….and the foreclosure mill attorneys are getting bolder and bolder…….
I vent….The intent was there before any mortgage was ever signed….this I was told was and is criminal intent….no money was EVER LENT…..the signatures were for their gambling instrument….the banks themselves nullified their contracts….and the mortgage/interest payments paid from that day on was another fraud…..owed back to the people in full……..
In order for any reduced principal to be done, the bank would still have to prove with the original note/mortgage – both – to prove ownership. The mortgage always follows the note. Split it is ubsecured. If the real creditor is not on the note and mortgage, name and information given…it is unperfected and cannot be foreclosed on. Now this is what I was told on my daughters foreclosure……others may have different opinions…But I got this info from a very experienced person from Washington DC.