Posted on 04/29/2010 6:40:42 AM PDT by Chunga85
It's about time! The house of cards that is this foreclosure crisis is crumbling...
According to the FBI foreclosure fraud is the fastest growing white collar crime and Florida is number one.
http://www.foreclosurehamlet.org
http://www.4closurefraud.org
http://www.oklahomaexpertwitness.com
Thank God for election years !
(PS - AG McCullum is running for Gov.)
Floridians wake up and get involved! Our Public Land Records have been turned into a PUBLIC SEWER.
See this CRYSTAL CLEAR example of foreclosure fraud.
Again, not a left/right issue. This is a country of LAWS.
http://www.foreclosurehamlet.org
I can provide examples all day long.
The recent probe of GS may be pure political theater but that does not excuse the fact the MASSIVE Fraud has and is taking place.
The Banksters are counting on shallow and incomplete thinking (and voting)!
The scales of Justice should be balanced and only the Judicial system remains intact.
If a borrower commits crimes in the act of borrowing, said borrower should be held accountable.
If a lender commits crimes in the act of lending, said lender should be held accountable.
This is a very technical and nuanced area of law. Some people will learn what is happening...some people will not.
The scales of Justice are now unbalanced.
The banking industry has more influence on legislators than voters.
I’ll put forth my idea, over-simplified,
as a citizen:
The root cause, in my opinion, was bogus “outcome-based” property appraisals. (Also the bogus appraisals of CDOs, CMOs, etc.)
There are laws and regulations governing appraisals - let’s legitimately re-appraise ALL properties correctly. There is your new principal balance. This goes for loans that are delinquent or otherwise. The difference to be stuffed up their TARP funds.
Judges here in Florida are overwhelmed but slowly are learning that lenders HAVE committed crimes in the act of lending. As of now they continue to foreclose (often illegally) as fast as they can with foreclosure mills as their henchmen.
http://www.foreclosurehamlet.org
I think I am having a discussion with myself here but I don’t care.
The WSJ has got wind of this....
http://blogs.wsj.com/law/2010/04/29/foreclosure-lawyers-face-new-heat-in-florida/
The plan was to foreclose on lots of property the banks then could flip for a profit only the market fell and now its just a problem
I remember my parents and grandparents were angry at the way the banks in the depression foreclosed till they owned tons of stuff and then closed banks before they went broke
The bankers lived a good life after the banks closed and when it was over owned tons of land and stuff’
.
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