Legislature did not approve $9.6 million for judges to listen only to lenders

The Palm Beach Post ^ | 9/23/20101 | Rhonda Swan

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[Chunga85]

Very good point Sherman. How would one feel if one were to learn that the their mortgage obligation had been sold to multiple parties, all of whom used the obligation to be paid in full many times over (plus costs and interest) then got bailed out by the taxpayer?

THAT is what is necessitating these phony documents. THAT is why - if questioned, alleged lenders file Motions for Protective Order. There is nothing conservative about illegal, unjust enrichment.

GMAC (ALLY) alone received over $17 billion dollars of taxpayer’s money.

[Chunga85]

What necessitates the need for all the bogus docs? Perhaps it's because all of these alleged lenders have sliced and diced the mortgage obligations to multiple parties. Using the excess created by the outcome based appraisal there was plenty of room for "take-out" at origination AND plenty of room to purchase equally bogus Credit Default Swaps from GMAC's bailout bedmate AIG. All the parties have been made whole AT the outcome based appraisal value.

Whether in default or not, submit a Qualified Written Request and/or Debt Validation letter as is your legal right pursuant to TILA, RESPA, etc. and copy in OCC. You will be informed by your alleged lender that is "proprietary information" and told to jump in a lake. Upon alleged lenders failure to comply make your payments to a court escrow account.

Sample QWR letters and Debt Validation Letters are available free for download at excellent Attorney George Gingo's wbesite.

George Gingo, Esq.

[Oceander]

From what I gathered, that “showing” of lack of ownership was a long way away from proof of lack of ownership, and more or less amounted more to an attempt to sway the fact-finder with irrelevant, but nice-sounding, assertions of bad behaviour.

Beyond that, if the debtors properly raised the issue, and the judge just ignored it, then that’s what appellate courts are for. If the debtors lose on appeal, then they really don’t have a case, period.

On the “chain of ownership” - again, if alleged, the opposition has to show sufficient evidence that the allegations are incorrect. Again, either that hasn’t happened, or else the judge will be easily reversed on appeal.

That’s the way the cookie crumbles. It’s a b**ch being sued when you get yourself in trouble, but that’s the lesson - actions have consequences - and the debtors shouldn’t have so cavalierly taken on debt they should have known they couldn’t service.

[Chunga85]

I'm interested in hearing your spin on these two articles:

From the Market Ticker - 9/25/2010

Why Do YOU Obey The Law?

And this one from the New York Post - 9/26/2010

Mortgage Mayhem B'klyn judge tosses bad foreclosure filings