Comments on: Barry Ritholtz | Does Lender Processing Services (LPS) Deserve the Corporate Death Penalty?

By: lvent

lvent — Tue, 10 Jan 2012 02:34:02 +0000

In reply to lvent.

the servicers duties are limited…..notice when you called to check the status of your loan mod you were calling loss mitigation…? That means you are in fraudclosure…there were no loan mods….for those who had no legal lien on their deed…fraudclosure is a scam…

By: lvent

lvent — Tue, 10 Jan 2012 02:28:44 +0000

In reply to lvent.

The servicers couldn’t create a debt out of thin air….fraudulently induce another loan…make them prove they own your loan….they can’t! !!!!

By: lvent

lvent — Tue, 10 Jan 2012 02:24:01 +0000

In reply to lies is all they tell.

Lies…their contract has been null since they committed the ORIGINATION FRAUD….!!!!!

By: lies is all they tell

lies is all they tell — Tue, 10 Jan 2012 02:05:10 +0000

carlos alot of us were told not to pay our mortgages, doesnt this null and void a contract. it any other legal area if you break a contract you are liable but if the person you have a contract with tells you to break that contract it should do the same thing make them liable which equals the contract becomes null and void. i do not understand why lawyers are not jumping all over this

By: abs

abs — Tue, 10 Jan 2012 01:11:30 +0000

two thumbs up. make it public ill bring the popcorn. Remember one of the marine general said ( if a person died due to stress from foreclosure it is homocide) dont forget the millions displaced.

By: Ron Moss

Ron Moss — Mon, 09 Jan 2012 19:59:21 +0000

Absolutly plus punitive damage appropriately.

By: lvent

lvent — Mon, 09 Jan 2012 19:57:37 +0000

The NEW WORLD ORDER could have never accomplished any of it without the help of many traitors from within….namely the politicians….!!! Just like 9/11…..this was an inside job……the American people are still believing too many lies…..!!!! Like obama signing NDAA and saying but, I wont use it…,!!! WTF!!!!!!

By: lvent

lvent — Mon, 09 Jan 2012 19:48:21 +0000

In reply to Carlos Dehesa.

Carlos this was another Hitler plan…..they used the best and brightest minds to carry this out…this was ne ver about the monetary gain for the NEW WORLD ORDER….they use money as a lure for their perps……they are a accomplishing stealing our homes because it is lucrative for the perps……the luciferians who are hiding behind the scenes of this plan have no souls……I agree with you about finding the fraud…it is up to all of us to find the fraud and fight it…

By: Carlos Dehesa

Carlos Dehesa — Mon, 09 Jan 2012 19:29:27 +0000

I think the bank fraud has been oversimplifying, when in reality it is something that was planned in a scientific manner by the best brains of the best universities, they created a maze to commit the perfect crime and until now they are winning.
Through academic work they created hundreds of investment instruments: subprime loans, derivatives, CD’s etc.. And while all types of loans were made to appear like home mortgages to increase the amounts of the pools of investors, to do all this they had to sell the houses (on paper) many times and thus increase the collateral. All this means that most homes are already paid, although it has been done illegally. That’s why banks lost the promissory note and cannot follow the chain of securitization. A friend of mine received a bill to collect a student loan like a mortgage.
On the other hand, bankers using the mortgage loans as investment houses made trillions of dollars that should be shared with homeowners because in some way acted as a partnership associated with homeowners.
That’s the reason the banks can not show the security chain, and then discover how much money is actually earned and how often they sold the houses, which would result in the accumulation of more crimes because it is more likely that these gains were not reported to the Internal Revenue Service.
As you can see is not as simple as saying that Joe Smith has not paid his monthly payment.
The point is whether the contract that was signed with the bank or whoever is still in effect.
We must also investigate whether the contract was used to commit crimes and how many states or countries was necessary to cross to commit such crimes.
Analyze whether the contract was broken by one or both parties.
There are great possibilities that the contract does not exist any longer, despite you owe your loan it is automatically unsecured.
Hopefully my comments will serve someone
Carlos

By: Ken Hansen

Ken Hansen — Mon, 09 Jan 2012 17:30:18 +0000

Yes. Excellent Mr Ritholtz!