Posted on 02/27/2011 8:37:33 AM PST by Chunga85
Join us today at 12pm est as we go live on the air with Joann M. Hennessey, Property Law Today…
RADIO SHOW
Joann is the Host on Property Law Today, which airs every Sunday from 12-1pm on WDJA 1420 in the Palm Beachs. Listen on the internet at www.powertalk1420.com
(Excerpt) Read more at 4closurefraud.org ...
Since the show is live today (2/27/2011) at 12:00 EST I have not heard it yet. I'm gonna take a stab at the topic being foreclosuregate.
I had trouble playing the live feed with Firefox but it works fine in MS Internet Explorer.
Foreclosure fraud would be if they were foreclosing on someone who were actually making their payments. Is that what they’re fighting against, or are they looking for some legal loophole (i.e. paperwork incomplete) that will make it tougher for the rest of us to get mortgages in the future?
$nip>
EDITOR’S COMMENT: All of us who follow these stories see the same thing over and over again. A big bank, relying on its big name, like Wells Fargo, commits outright fraud, forgery, fabrication, misrepresentation to the court, and obfuscates the truth about some very simple facts. There are two results:
RESULT #1: The homeowner is intimidated, disheartened, and demoralized. No lawyer will take his case even though it is a clear winner. No questions are asked so no answers are required or compelled. Wells Fargo goes to the “auction” and “buys” the home not for cash but for “paper.” They submit a “credit bid” as though they were the creditor when the obligation is not and and never was owed to them.
BOTTOM LINE: WELLS FARGO GETS A FREE HOUSE BECAUSE THEY NEVER LOANED ANY MONEY NOR DID THEY PURCHASE THE LOAN WITH ANY MONEY OR ANYTHING ELSE OF VALUE. THEY BUY IT ON BEHALF OF A BANKRUPTCY REMOTE VEHICLE CREATED FOR THE EXPRESS PURPOSE OF PROTECTING WELLS FARGO IN CASE ELLIOT NESS SHOWS UP. If this was a TV show it might be called “Bored Walk Empire” because it is so easy to steal someone’s home when they don’t know what is going on.
RESULT #2: The homeowner puts up a fight and asks some simple question like who is the creditor and how much do I owe? In the story below it took 7 years to get the answer. And THEN there was a settlement like thousands of other cases that are hidden from view, wherein there is an agreement of confidentiality. That confidentiality agreement has teeth. One word from the lawyer or the homeowner and they lose the house.
$nip>
>>One word from the lawyer or the homeowner and they lose the house. <<
What if they’ve sold it. ;)
The bigger question is why would the alleged lender make a deal (with an iron-clad non-disclosure agreement)? What are they afraid of?
Get on this ping list and you will see the various types of malfeasance committed by fannie/freddie, to big to fail banks, it can be hard to follow, however it is shocking as to the scams the banks are pulling on the homeowners and especially in the courts.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.