Comments on: GAO REPORT | FORECLOSURE REVIEW Opportunities Exist to Further Enhance Borrower Outreach Efforts

By: David C Breidenbach

David C Breidenbach — Sat, 07 Jul 2012 15:42:28 +0000

of course its complicated–and the most desriable result for the reviewrs was to put the faulty claim in the dustbin. But more telling was that they put barriers before attorneys who were trying to obtain the forms and prepare to represent homeowners by “peparing themselves ” —–but the reviewers literally would not give the attorneys the time of day. An attorney was required to didclose the name of his client address ss # etc etc as a pre-condition to simply obtain the form……. my sense was that this was an intentional interference with a persons right to redress greievances and general deprivation of Due Process. Why did the reviewers want to avoid involvement by attorneys? Why did it compromise them to simply give out a form to attorneys to study and use as a template? Sort of like having civil rules of court–except nobody can see em until after the complaint is filed—and hope it meets them. Further failures include listing all the companies the reviewers were represnting—the actual lis of names published was much smaller than the list in the reviewers drawer–supposedly because of tradenames and acquisitions. But it was not published–you had to rely on the discretion of the reviewer to tell you if your client was qualified????/ Talk about deprivation of due process—–maybe just fine for east africa–but not the US. But that is what we have and we are supposed to be thankful for it.

By: charley rice

charley rice — Sat, 07 Jul 2012 09:54:57 +0000

In reply to illiterate.

THIS IS ALL A SMOKESCREEN! THERE WAS NEVER ANY MONEY TO THE BORROWER BECA– USE IT’S ILLEGAL FOR THE BANKS TO LOAN MONEY.

THE MONEY WAS CREATED BY THE BORROWERS SIGNATURE…

THERE’S NO NEED FOR A 4CLOSURE REVIEW BECA– USE ALL THE SUBPRIME LENDERS THAT ORIGINATED THE BORROWERS LOANS HAD SOLD ALL THE MORTGAGES TO WALL STREET HAD LOST THE RIGHT TO 4CLOSE BECA– USE THE PROMISSORY NOTE WAS CONVERTED INTO A STOCK AND PLACED INTO A TRUST.

IT’S IMPOSSIBLE FOR THE ORIGINAL LENDERS TO ASSIGN THOSE MORTGAGES TO BANKS BECA– USE IT’S SECURITIZED.

THOSE SUBPRIME LENDERS HAVE ALREADY BEEN PAID, AND CLOSED THEIR BUSINESS WENT BANKRUPT IN 2008.

THOSE WAS THE ONLY SUBPRIME LENDERS THAT COULD HAVE 4CLOSED IF THEY DIDN’T SELL THE MORTGAGES TO WALL STREET.

SECURITIZATION HAVE CREATED A TRAIL OF FRAUD WITH THESE BANKS BECA– USE BOA, WELLS FARGO BANK, HAVE ALL BROUGHT THE LIES, DECEPTION OF ROBOSIGING TO STEAL HOMES THAT THEY KNEW THAT THEY DIDN’T OWN.

WAKE UP PEOPLE!!! AND THE COURTS!!! THESE BANKS ARE BACKDATING DOCUMENTS ARE 4CLOSING ON OUT OF BUSINESS BANKS, AND CLOSED SECURITIZED TRUST BY ACTING AS TRUSTEE FOR NON EXISTENT BANKS WHICH CLOSED YEARS AGO. THEY HAVE NO STANDING!

THIS VIOLATES THE PSA TRUST BECA– USE TRUSTEE ARE NOT ALLOWED TO TAKE OR SELL PROPERTY AFTER THE CUT OFF DATE. YOUR LENDER NEVER GAVE A CHAIN OF ASSIGNMENT BECA– USE ONCE THEY SOLD IT THEY ALSO LOST THE RIGHT TO ASSIGN MORTGAGES.

NO COURT, JUDGE, GOVERNMENT, STATE, ARE NOT ALLOWED TO SEIZE A PROPERTY THAT IS NOT THEIRS.

THE BORROWER AND ORIGINAL LENDER CREATED THE CONTRACT AND NO OTHER BANK CAN’T STEP IN AND ACT AS A LENDER ON A DEAD BANK IS FRAUD…THIS GAME IS OVER WITH THESE BANKS, AND IT’S JUST A MATTER OF TIME YOU’RE GOING DOWN!!

SOON EVERYONE WILL KNOW THAT WELLS FARGO BANK, BOA, AND THE OTHERS CONSPIRED TO WRONGFULLY 4 CLOSE ON MILLIONS BECA– USE THEY KNEW THAT THE FHA GOVERNMENT WOULD PAY UP TO 70%- 80% VALUE OF THE HOME MORTGAGE INSURANCE IN THE EVENT OF A DEFAULT ON THE HOMES. THAT’S WHY THERE’S NO REMOD

By: illiterate

illiterate — Fri, 06 Jul 2012 21:57:22 +0000

even people who can’t read are smart enough to avoid this “Dog & Pony” show..

with Barclays news surfacing, I sure hope all those suits on wall st. are sleeping well..

this is just more of an attempt to further dumb down America..