Ex-Marine Reoccupies His Own Foreclosed Home in Fight Against Freddie Mac, JPMorgan Chase
As Freddie Mac comes under scrutiny for betting billions on investments that profit if homeowners they issued loans to are locked into high-interest mortgages, we speak with Arturo de los Santos, a U.S. Marine veteran who was evicted last year in Riverside, California, after Freddie Mac and JPMorgan Chase foreclosed on his house last June. “We were trying to get the bank’s attention to review our case again. We couldn’t believe that after they had evicted us, they modified our loan,” de los Santos says. “I called, and I told them, ‘I thought we were doing the loan modification.’ And they go, ‘Well, we have a loan modification department and a foreclosure department, and the foreclosure department decided to sell the house.’ So they sold the house.” De los Santos and his family reoccupied their home in December with help from the Occupy movement, but face eviction again this week.
SOURCE: http://www.democracynow.org/
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this Marine should be left in a room with scumbag Jamie Dimon
It may come to that-I hope not. Wondering when this will reach a boiling point
The don’t care about the Military, the Police, Sheriff, Judges, you or me. They control the money, so they get them to go along with whatever scheme they come up with to steal our money, our homes, our freedom. They’re dumbing down our schools, controlling our resources to make sure we remain slaves to their coorporations. Stop watching and get involved citizens of America or things are going to get worse quickly!!
How long is the American people is going to permit this? Lies, lies, lies, take fed HAMP money, then foreclosed
(I mean FRAUCLOSED)
Oh yes Chase is as bad if not worse as they are quite canny in their stealth stealing and I have both on my :stolen note………Chase tried to do the same with me but was not so quick,I no longer pay BOA dn still in my home paying Chase until I run Chase away hopefully soon and if not will play the game accordingly (my rules make money off the damn thing for now) . I now have a lawyer that came from http://mandelman.ml-implode.com/trusted-attorneys/ they (attorney) states we may have big ole chase by the B#&*s on many issue and I can not wait to see what they say!!!! so do not stop fighting do not give in or give up, keep digging, keep looking, keep fighting the good fight. We will in time win this disgusting battle and with help from where we need it i.e sites like this as well as living lies and foreclosure hamlet and so forth we will become as smart and smarter than they are. Ivent knows too well what is going on she is a beacon of information as well as some knee kicking sometimes if you get her in the wrong vein but still worth the read. Yes we all kick when we are ripped apart as it is our only defense until we become the ones on top and I believe we will and we are pulling together in many ways finally. Much info so take what you can and use it well. I still find if repulsive how our service men and women and plain ole families old people adn young alike are treated so terrible in so many ways and I have to ask myself and this is all for the freedom of what !!!!!slavery!!!! no I think NOT remember Charleston Heston, same goes here and that includes MY HOME!!!!
Blessing ALL keep going never give up NEVER, ……….UNITE for the good of ALL
Chase are some of the sneakiest criminals on the planet!…They are stealing homes from the elderly left and right not to mention and U.S. SOLDIERS! They truly are the spawns of Satan!…I would love to kmow how many homes they have already duped from the elderly! JAMIE DIMON SHOULD BE BEHIND BARS!
This happens to almsot every homeowner- Chase is getting as bad as BOA. When is someone going to help the people that are getting hurt. Everyday I hear about hudreds of people that send in the application 15 times and they say they did not get it . What this boils down to is the left hand has no clue as to what the right hand is going, they lack expertise in real estate not just Cahse but Freddie Mac who is mostly interested is covering their rear—have you ever noticed nothing is the banks fault– nor Freddie Mac I say BS to that. both Chase and Freddie Mac are one sandwich short of a picnic, their elevator does not go to the top floor, shoes are tied to tight, not the brightest bulb in the pack get my meaing. They both complete the meaning of stupid.
comeone Barbra-they are not stupid, left hand not knowing what the right hand is doing. This is deliberate cold blooded, premedited theft and economic murder of the middle class. You are naive to think these people are stupid. Highly intelligent, evil people that have the whole system bought and paid for including congress, judges and the president. A few lonely AG’s have been fighting with meager resources. This is the largest theft in the history of mankind. It is so big that few people see it. The Fed’s $15 Trillion spent was unaudited until recently. Complete travesty. I am not sure how we can ever recover from what was done. Haven’t even gotten to the $200 Quadrillion in derivitives exposure banks have: $60 Trillion of which was moved from Merrill to B of A’s balance sheet recently backed by? tax payers and the FDIC. (That was a back story on CNBC-probably one of the biggest news items recently that no one seemed to pay attention to-crazy).
PS Sorry, It wasn’t $60 Trillion in Derivitives backed by Tax Payers, it was $75 Trillion: http://seekingalpha.com/article/301260-bank-of-america-dumps-75-trillion-in-derivatives-on-u-s-taxpayers-with-federal-approval
This is a terrible thing to have happen especially to a service member.Hardly a good way to treat people that fight for your rights to remain free.To include big business the people that are ripping us all off.Hope he stays put but we shall see.
He should file for adversed possession or quiet title.
The bank makes more through foreclosure on insurance than modifying a loan. There is absolutely no financial incentive for them to modify. This happens all the time-modify the loan on one side and the other side of the bank is moving on foreclosure as fast as they can. Loan modification is a pure smoke screen. I spoke with Wells Fargo in their Loss Mitigation department and the woman said they almost never modifiy loans other than possibly moving payments to the end of the loan. Bank servicers make up to 6 times the amount of the mortgage from Credit Default Swaps than they do if the “borrower” continues to make payments. The other truth is the servicers have no exposure on the loan, there never was a loan (money came from Mortgage Backed Securities-pension funds, etc.), they failed to transfer documents into the trusts in those securities. The end of it is the banks collect 6 times the amount of the mortgage, in many instances sold the note twice at the beginning of the loan, never transferred the correct paper work on time to the trust (resulting in billions of losses for pension funds), get special tax treatment with REMIC with the IRS (tax fraud) AND get the house back for resale. They really don’t care about the house, homeowner, modification. Corporate greed drives them to foreclose for the insurance. They lost my paperwork 7 times on a loan mod-there is absolutely no intent on the banks part to modify loans-pure acting to show the US government and OCC that they are really trying to work with homeowners. Their real intent is to seize/foreclose every house in the country for the insurance money so they can increase the bottom line. This was set up in advance before the housing crisis started. So where are we headed? 13 banks owning all the properties that have no right to the properties and the rest of the country living under a bridge? Where is the end of this going to take us?
And…THE INVESTORS ALREADY GOT PAID…VIA THEIR OWN SWAPS INSURANCE!!! FRAUDCLOSURE IS THE BIGGEST INSURANCE FRAUD SCAM OF OUR TIME! THESE BANKS HAD NO SKIN IN THE GAME…AND THEY ARE POCKETING THAT SWAPS MONEY WHEN THEY ARE GRANTED A FRAUDCLOSURE!! ON OUR COMMERCIAL PROPERTY..THE NOTES SAY..WE OWE $548,000.00 and they say the mortgage is get this….$1,646,400.00!!!!….They also forged my name on the note…and attached themselves to a cross-collat with my home..that was done w/o my knowledge…but was paid off on the refi but the mortgage was never released!!! Cant find an attorney who will touch this with a ten foot pole!
Principle write downs are a crock of shit!…There is nothing left to write down.!.The debt bomb of the banks is Unsustainable…. a well hidden, ticking massive debt time bomb! They can detonate it whenever they want thanks to the repeal of the uotick rule by the SEC in 2007…The fake crash of the stock market in 2008 proves..NO ONE IS SAFE..EXCEPT FOR THE TOP 2%…THE PLUTOCRATS AND THE OLIGARCHS!!!! REMEMBER THE FLASH CRASH..? THE GAME IS RIGGED BY THE 2%..!
WELL SAID THE BANK HAS LOST MY DOCUMENTS EVERY TIME I HAVE SENT THEM – ANYBODY WHO GETS A MODIFICATION AND THAT IS VERY FEW PEOPLE THE PAYMENTS END UP PUSHING BACK INTO FORECLOSURE AGAIN.
He is aware they don’t really own his home right?
Abolish the FEDERAL RESERVE!
Jamie Dimon sits on the board of the FEDERAL RESERVE DEBT CARTEL…! WAKE UP AMERICA!!
The Federal Reserve Bank and their banks that they own as well Mulinational corporate Wall Street are PROXIES…pimps and whores for the New World Order,! The whole cabal set America up to fail for the Vatican/Rothschild New World Order…
WE WILL HAVE OUR DAY!
I will second that: SEMPER FI !!!!!!
SEMPER FI OCCUPY!
And this is how we treat our military!!!! Shame on Freddie…shame on Chase. These bankstas are crimminals and treasonous to the USA. A MARINE for God’s sake! These are the men and women who fight for our freedoms – fight so that minions like Freddie and Chase can sit comfortable and safe and then turn around and screw the hand that feeds them! Dispicable!!!!!