BofA stops foreclosures in all 50 states

Fox News | 10/8/10

[null and void]

Live now. BofA stopping all foreclosures, due to inability to sort out faulty documents, laws suits over documents, etc.

[Chunga85]

4closureFraud has a "sister" site The Foreclosure Hamlet

All volunteers. No advertising permitted.

[Kartographer]

dalereed,

I’ll ask you the same question I asked someone else;

How do you see a solution when so much of the legally required paperwork has been destroyed or mucked-up to the point where multiple parties can show claim? Wherein banks have already been caught falsifying documents and perjuring themselves to cover up that fact? And even when or if they can produce the required legal documents in most cases the liens and transfers were never legally recorded and are now beyond the required time to do so. I ask you do you advocate the falsifying of and then then the illegal post dating of legal records?

[driftdiver]

‘unfortunatly some board of manipulators hit a magic reset button that devalued the property I financed 1 week after it closed “

how ironic, the same thing happened to me

[stephenjohnbanker]

Agreed. Let us just hope they don’t take the whole country down to hell with them. Right now, Vegas oddsmakers are sitting on their hands ;-)

[IamConservative]

The mortgages have been bundled and sold and resold, bundles have been sold piece meal most of the transfers were never legal recorded. So even those paying off their mortgages could end up with a house they can not sell borrow against, your house that you paid for could be open to a claim by almost anyone.

I was reading it the same way. If you are being foreclosed on by the bank where you got your mortgage, ask them to prove they own the house. Even if it is a mortgage servicing company, make them prove they own the house. I can't imagine there is a legal means to prove ownership.

[longtermmemmory]

CNBC in the morning is going to be replacing their Starbucks with hard liquor. Thier WH shills (hardword hargrave or whatever) are going to fall appart.

[2ndDivisionVet]

When I worked at Ameriquest for a brief stint in 2001, fraud and forgery were rampant, which is why I left. Our twenty-something manager thought that the movie Boiler Room was a training film.

[longtermmemmory]

holy smokes! I just read the transcript of the depo of the assignment review person. Talk about rubber stamp! no fact checking, no error checking, just a “is this MERS so sign it” check!

This is not error this is criminal!

The judges who allowed this should resign IMMEDIATLY.

[Chunga85]

Reliable source tells me FBI Agents were at The Law Offices of David J. Stern several days ago with warrants. Don’t believe me? Just wait.

[usconservative]

Live now. BofA stopping all foreclosures, due to inability to sort out faulty documents, laws suits over documents, etc.

Time to stop paying my mortgage. If they're not going to default on the deadbeats, why should I bother continuing to pay?

[usconservative]

Correction: Time to stop paying my mortgage. If they're not going to default foreclose on the deadbeats, why should I bother continuing to pay?

[RockinRight]

I’ve never seen one of those. Seriously.

[Chunga85]

re: 3808 "pocket veto"

Presidential Memorandum--H.R. 3808

snip>

For Immediate Release October 08, 2010.

"To leave no doubt that the bill is being vetoed, in addition to withholding my signature, I am returning H.R. 3808 to the Clerk of the House of Representatives, along with this Memorandum of Disapproval."

snip>

[null and void]

Never let a crisis go to waste...

[longtermmemmory]

could not happen to a nicer firm.

now what about all that trust account money interest that went to the florida bar? will they be returning it as the fruit of an illegal activity?

How about investigating all the judges?

[TomasUSMC]

When mortgages got bundled into financial instruments the bundlers stripped out the paper documents and replaced them with electronic copies.

Guess what? Most states require the original paper documents to foreclose.

Oooooops.

The industry’s response? Hire outside companies to “generate” the “original” documents and file these falsified and post dated documents with each county recorder’s office.

Ooooops.

They got caught.
///////////////////
But, will anyone go to jail?

[null and void]

But, will anyone go to jail?

Yes.

Will it be the people who should?

No...

[Caipirabob]

This thread, no matter how accurate and relevant, is still incomplete without:

[M. Espinola]

As the big banking scams continue.....

[Irish Eyes]

..........................................Nevertheless, what can I do to actually verify that the bank I'm paying my mortgage to actually owns the mortgage, or if it does, how do I find out who does? And what do I do if nobody can get me that information without having Skippy in the mailroom photoshop the documentation? >

Please let me know if you find the answer to this. We own one house ( paid off mortgage) and another that we just owe $15,000.00 on