Comments on: Elizabeth Warren’s Foreclosure Settlement Bombshell: Banks Determined the Number of Victims of Their Own Foreclosure Frauds

By: Rachel

Rachel — Wed, 24 Apr 2013 01:03:31 +0000

I was active duty Air Force, in a bankruptcy and I got a check for $600. Where do I sign up for a class action suit? Seriously.

By: Alabama John

Alabama John — Sat, 20 Apr 2013 17:12:01 +0000

They will try many things to get you to recognize them as the right one to deal with and to get you to settle. Already tried many but since they cannot provide the proof they are the correct one other ways, what better way even though it is costing them money they had rather not spend, it is getting you to accept they are the right ones you owe money to.
Heck, there are many unscrupulous folks that for $300.00 to $1,000 will hope to get you to give them clear title to your home.
Surprised many more are not sending these out to lots of folks behind on their payments that have no note or never have had one on your home and excitedly waiting on you to sign the back of their acceptance check and cash it.
Then they can come get your home and kick you out easily.
Wonder what’s next!

By: 1ofthemany

1ofthemany — Thu, 18 Apr 2013 03:59:20 +0000

class action is nothing but pennies spread very far even IF won or obtained, tort and suing for damages is crucial, ALL have been HARMED and still are being harmed ….will people come together ….NO
this is a pure and simple tort crime…

tort

n. from French for “wrong,” a civil wrong or wrongful act, whether intentional or accidental, from which injury occurs to another. Torts include all negligence cases as well as intentional wrongs which result in harm. Therefore tort law is one of the major areas of law (along with contract, real property and criminal law) and results in more civil litigation than any other category. Some intentional torts may also be crimes, such as assault, battery, wrongful death, fraud, conversion (a euphemism for theft) and trespass on property and form the basis for a lawsuit for damages by the injured party. Defamation, including intentionally telling harmful untruths about another-either by print or broadcast (libel) or orally (slander)-is a tort and used to be a crime as well.

good luck all lone riders we will never win anything alone with big brother making the rules
I have stated this for almost five years ….so be it

By: letourpeoplebe

letourpeoplebe — Wed, 17 Apr 2013 17:39:55 +0000

I received $500 and I am still, after the false foreclosure 3 years ago, defending it in court. I am not cashing it because they will later claim that I have accepted settlement. I should have received at least $20,000 and as much as $75,000. I would think that those who may need to cash it should … it probably will not affect the class actions that will come.

By: letourpeoplebe

letourpeoplebe — Wed, 17 Apr 2013 17:30:54 +0000

All of this started in 1990s when the big bankers started grabbing assets at the small banks and then grabbing the small banks customers assets. That is the game ASSET GRABBING. Same as the Robber Train Barons. It is not just sub-prime home loans many businesses are having their assets stolen in the same way. If you review the Officers of these banks they all set on the boards of each the others banks and include the international banks who are considered the 25 to big to fail by the politicians. You also find that deals (which are published on the SEC database) link all these companies and their Cayman and Swiss accounts. It is no coincidence that these large banks independently discovered the same shell game being plaid and then volunteered to be on the boards of others.

I am starting to understand the Occupy Wall Street thing. My hat goes off to Elizabeth Warren for consistently telling it like it is and refusing to get off the soapbox. I have to ask, why isn’t the White House attacking this problem?

The most egregious consequence of this act of greed is the wholesale robbery of veterans returning home to no home!

By: Lisagp

Lisagp — Wed, 17 Apr 2013 14:06:42 +0000

In reply to Sue-Ellen. The Banks Don't care about us at all the Fraud they did on the American people is just sicking .. The big problem is they were aloud to and they are still doing it .. if that were you or me we would be in Jail for a long time no if's and or butts about it .. I am so sick of seeing them steal from the American people .. they are the ones that caused the fall out ..

By: Sue-Ellen

Sue-Ellen — Wed, 17 Apr 2013 11:50:34 +0000

In reply to talktotennessee.

The payouts are an insult… it is just pathetic.. I only got $500… big deal, what good is that going to do me now..

By: Sue-Ellen

Sue-Ellen — Wed, 17 Apr 2013 11:44:54 +0000

Okay I get that everyone is up in arms and I am fuming as well, but why is she just coming out with this now after the payments went out?? what good is that going to do us. I was in Bankruptcy on the advice of the bank because they would not modify my loan. During the whole bankruptcy process we continued to get monthly bills from the bank and notices that they were proceeding with the foreclosure and after the bankruptcy was discharged the bank never completed the paperwork to take possession of the house so our names were still on the deed 2 years later when we had finally gotten back on our feet and wanted to purchase a home again, we couldn’t because our credit report showed us as still having an open foreclosure. We worked hard to keep every single payment on time and up to date for those 2 years because we knew we wanted to get another home and the general rule is that you must be 2 years out of bankruptcy and/or foreclosure and have an absolutely sparkling credit record from the disclosure of the bankruptcy on and we did.. but with that foreclosure on our credit report we were not able to get a mortgage. After about 100 calls to the bank, I finally had to sign a deed in lieu of foreclosure to get us off the deed and to get it off our credit report. took another year of living in an overpriced very small apartment and wasting all of that money that could have been invested in a home of our own.. So, I get a measly $500 check in the mail yesterday.. big deal.. What is Warren going to do now that the payments have already been sent.. the damage is already done and the solution by the banks/OCC and Federal reserve is an insult at the very least.

By: suspect about the process

suspect about the process — Wed, 17 Apr 2013 11:36:47 +0000

My wife got hurt at work and became disabled in 09. Up until that point, we never missed a payment- on anything. We applied and were denied by JP Morgan Chase for a home modification, then decided to file for bankruptcy in 2010 & ultimately finalized a deed-in-lieu.

I haven’t received a check yet- but how much should I get? If I get only $300, can I appeal? Also, I didn’t file for a review in 2012; I had no idea about that and never got any paperwork…

I appreciate your responses!

By: talktotennessee

talktotennessee — Wed, 17 Apr 2013 07:32:37 +0000

I own a house that the banks says has a mortgage and they are going to foreclose. Yet they have NO deed of trust and I suspect they have no other documents either. They tried to get me to sign a new Deed of Trust by telling me I would not receive a modification if I didn’t. I paid Impac to modify the loan after they solicited me to do it. Skipped a month on payments at Impac’s suggestion and the servicer accepted the first mod payment and sent back the second check and immediately transferred me to a new servicer! Same phone numbers mind you but a different name and these people say they aren’t obligated to modify anything and will foreclose. I live in a non-judicial state so my lawyer says they will foreclose anyway WITHOUT a Deed of Trust!!!We just think we have rights in the U.S. Those of us caught up in this housing/bank mess know better!