Both homeowner and mortgage orginator should be called in for questioning. Homeowner may have to explain how he claims he makes 100K salary when tax records show 60K. Banker needs to explain why his underwriter department did not verify the info on the application. Put both under scrutiny and you will have them pointing fingers at each other for fraud. Sooner or later the truth will shake out and one of them or both will be going to jail. This is what is needed to prevent future fraud. If left alone, the mortgage agent will make saleman of the year, and in fifteen years may end up as the senior exec of the bank. When the public has forgotten the crisis, he may try the scam again and the younger workers will follow because history has showned that the gov will do nothing to prosecute thus the risk of getting caught is nil while the ill begotten gains will be worth the risk. Our grandchildren will be stuck bailing out these too big to fail banks again. Camp 1 and Camp 2 is correct.
There comes a point of saturation after which the lethargy of the the legislative branch, having been been repeatedly informed and shown clear, undeniable evidence of the massive criminal fraud behind the foreclosure crisis, can only be viewed as tacit approval and complicit aiding and abetting of the criminal fraud itself.
It is very concerning that elected officials may be incriminating themselves as accessories after the fact should they vote in favor of FL HB1523 and FL SB2270.
Unlawful and false affidavits of indebtedness, parties filing foreclosure who are not parties to the transaction, false endorsements and/or allonges that merely contain a stamp on a blank piece of paper with no identifying features of the property it claims to attach itself to, and mere copies of purported documents being passed off as original documents.
Is it possible to walk into a bank with a copy of a check and expect the teller to cash it- of course not. A copy of a check is no more negotiable than a copy of a promissory note. I have seen assignments of mortgage that have so much white sticky strips all over the face of the document where there is writing on top and underneath the white strips, assignments of mortgage that state BOGUS as the grantor, and assignments of mortgage that have witnesses signing as a completely different name than the typed name under the signature line.
In addition, if, between 2001 and 2007, you or anyone in your family signed a mortgage backed promissory note, I urge you to hire any of the top fraud examiners in your state to review what may be an eye opening experience. Sometimes, personal experience is the best educator.
All of the above mentioned items are fraudulent. From this point going forward, legislators are hereby noticed that that there is enormous fraud occurring on practically each and every foreclosure filed against homeowners each and every day.
By ignoring the rampant fraud perpetrated by illegal parties, legislators automatically become accessories after the fact which is a crime. By voting in favor of HB1523 and SB2270 legislators are a party to the fraud which is a prosecutable offense.
Furthermore, legislators eagerness to sign their names to a bill that will literally result in extraordinary harm to their constituents is causing red flags to go up that they personally may have an undisclosed relationship with the parties pushing so hard to get these bills passed so quickly.
http://www.foreclosurehamlet.org