Comments on: “Throw the Deadbeats Out” – Canceled Foreclosure Sales by “Banks” Pile up as more Families are put out to the Streets, for What? https://4closurefraud.org/2012/05/03/throw-the-deadbeats-out-canceled-foreclosure-sales-by-banks-pile-up-as-more-families-are-put-out-to-the-streets-for-what/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Sat, 05 May 2012 02:45:00 +0000 hourly 1 https://wordpress.org/?v=7.0.3 By: Lynn https://4closurefraud.org/2012/05/03/throw-the-deadbeats-out-canceled-foreclosure-sales-by-banks-pile-up-as-more-families-are-put-out-to-the-streets-for-what/#comment-373673 Sat, 05 May 2012 02:45:00 +0000 https://4closurefraud.org/?p=46586#comment-373673 I just want to relate a phone call I received from the OCC yesterday. I wrote a letter to the White House about my problems and they got back to me. They are looking into my case. I have been forced by haressment to short sale my home ie break ins and robbery. water and heat truned off. Wells Fargo lost my note from 2006 and took my money. They said they are going to look into it and see if they can help me regain the money that Wells stole from me selling my home. Write letters to everyone!!!!!

]]> By: indio007 https://4closurefraud.org/2012/05/03/throw-the-deadbeats-out-canceled-foreclosure-sales-by-banks-pile-up-as-more-families-are-put-out-to-the-streets-for-what/#comment-373561 Fri, 04 May 2012 13:25:56 +0000 https://4closurefraud.org/?p=46586#comment-373561 There motives are easy to figure out. As soon as the sell the house they can’t claim the bubble price on their books. In plain english their capital reserves go down when they sell less than what the promissory note is.

]]> By: proseway https://4closurefraud.org/2012/05/03/throw-the-deadbeats-out-canceled-foreclosure-sales-by-banks-pile-up-as-more-families-are-put-out-to-the-streets-for-what/#comment-373552 Fri, 04 May 2012 12:45:21 +0000 https://4closurefraud.org/?p=46586#comment-373552 In reply to Joni Brit.

The foreclosure process is tracked by “milestones”. The notice of default, completion of service, time to answer, final judgment, eviction, etc. These dates are carefully monitored by LPS, foreclosure mills, and other outsourced default specialists. These “milestones” are front and center on loan activity reports. There is a foreclosure mill that has even named their company newsletter “The Timeline”. In my opinion, the eviction must trigger a payoff of some sort because suddenly the full on assault to get the house stops and the house no longer matters. As they say….follow the money. Throwing families to the curb is just another “milestone”. It’s all very sad and frustrating.

]]> By: John https://4closurefraud.org/2012/05/03/throw-the-deadbeats-out-canceled-foreclosure-sales-by-banks-pile-up-as-more-families-are-put-out-to-the-streets-for-what/#comment-373550 Fri, 04 May 2012 12:34:57 +0000 https://4closurefraud.org/?p=46586#comment-373550 Its the gamble.
Most of these bankers have never seen thing like this and are rolling the dice that housing will start to increase in value and they will get a landfall profit from all these houses they hold.
Same with investors buying all they can.
Problem is if the economy tanks even more, but then banks can count on another bailout. They can’t loose but for a while and they know it.

]]> By: Joni Brit https://4closurefraud.org/2012/05/03/throw-the-deadbeats-out-canceled-foreclosure-sales-by-banks-pile-up-as-more-families-are-put-out-to-the-streets-for-what/#comment-373509 Fri, 04 May 2012 04:53:33 +0000 https://4closurefraud.org/?p=46586#comment-373509 there also is another problem. Many of the homes don’t have clean title. They cannot be sold.
The question is why the banks won’t negotiate with the families, living there? Time will give us the answer. But the agony of watching a family being forced to leave. and then for what? why? just because of something on the documents that the Bank has?

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