Posted on 10/20/2010 10:21:18 AM PDT by FromLori
You wanted concrete proof of widespread lost mortgage documentation? Feast your eyes upon this.
A foreclosure lawyer sent sent this little beauty by email last night. I had no idea the market was so robust for missing mortgage documents. And apparently there is inflation within the foreclosure fabrication circles. Prices to replace missing documents keep going up...;-)
(Excerpt) Read more at dailybail.com ...
Related news
Witness: Foreclosure firm owner gave gifts for altering documents
http://www.msnbc.msn.com/id/39725688
Bank of America’s Countrywide Accused of Racketeering in Homeowners’ Suit
http://www.myfloridalegal.com/newsrel.nsf/newsreleases/8736F08B4E588F61852577C0005F668B
Rules for Radicals 101: Overwhelm the system.
They not only overwhelmed it, they did it so well that the descent of America is practically a nosedive at terminal velocity.
Wells Fargo: Loan Repurchase Reserve Liability Of $1.3 Billion On $144 Billion In Loan Originations
Nothing to see here. Move along. Dead Beats Fault!
And a Denninger rightly points out today, conservatives and the Tea Party are crazy and negligent not to be hammering on this fraudulent activity that has so damaged the economy.
http://market-ticker.org/akcs-www?post=169769
I’m kind of intrigued by the “Cure Defective Mortgage” for $12.95.
I think B of A was pretty much forced to take over Countrywide.
Same for other banks that took over the failing loan originators.
But at the time, I also believe B of A thought they were going to make out very well.
I am in real estate, and back during the liar loan days, Countrywide was the worst of the worst, along with Wamu.
Therefore it is not surprising that the facts now dribble out, and we learn B of A got stuck with a mess with Countrywide.
The “put back” lawsuits beginning now are bad news for B of A.
When Judges start seriously looking at foreclosure documents, and all they get shown are these DOCX fabrications and no original note - then America’s mortgage-holding banks will take a colossal hit.
There is no way back for the banks, except to try and arrange some more bailout slavery. But the new Congress isn’t going to allow that (I hope).
Yes you know I was shocked by a thread I was reading on here last night it’s disturbing to know that people think that is all it is about.
Move along investors even though it appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies.
Move along individual who purchased a foreclosure and may not be able to ever get a clear title. Close your eyes to the Banks fraud that doesn’t count even if you get stuck picking up the tab (i.e., over $6.3 trillion in fannie/freddie kept out of the budget that the banks got to offload onto the taxpayer) or by again bailing out the banks whether via legislation or the backdoor fed printing which screws the savers
http://www.oftwominds.com/blogoct10/loss-of-trust10-10.html
The Biggest Bank Robbery In History? More Quantitative Easing = Backdoor Bailouts For The Big Banks Without Having To Go Through Congress
Nothing to see here
They’ll just do it without congress if they have through the fed but the result will be the same YOU WILL PAY
And, the Tea Party is not recognizing that all Americans have been put into what amounts to receivership control exclusively within the Federal Reserve, with no recourse, by the creation of the Bureau of Consumer Financial “Protection”. It is a BIG unrecognized deal.
It seems that the Dems and Republicans are fighting over which party gets to globalize the US and the political style which is employed (marxist/Islamist vs corporate fascist/Islamist). Neither major party is defending us adequately to the expansionism of Islam in our own country at all levels and out of proportion to its actual demographic composition. The Tea Party platform is limited in its perceptions of the scope of the immediate threats to its own very existence.
Why are these banker crooks not put in jail? Politicians and prosecutors must have been bought off. Investigate!
WXACTLY! It amaze me the number of people here on FR who are willing to give away other peoples legal rights.
And if the willingness to ignore the rule of law and refuse peoples rights isn’t the road to hell I’ll eat my hat.
Yes there are plenty of ‘dead beats’ that should be foreclosed on, but there is a legally proscribed way that it is done and basically the banks have stupidly ignored the law and got caught. In fact these banks haven’t obeyed almost any of the laws regarding mortgages, their tranfers and the selling of notes.
Bad enough that people want to deny others do process, but to then be okay with perjury, forgery and fraud on the court is beyond believe.
Has anyone stopped to consider if the bank had been obeying the law the forclosures would have been granted with no problems.
Frankly I fear the damage that will be done to the Republic by people who would choose to ignore the rule of law and take away the rights of others more than I fear the damage that will be caused by all the ‘dead beats’ and the crooked bankers and lawyers. History has taught us what happens when you give away the rights and freedoms of others in an attempt to punish them because you feel that they have done wrong, what happens is once those are lost for some; they are soon lost for all.
It is time for those here on FR with blinders on who keep screaming about ‘the people got into this themselves’ to wake up and smell the feces in the banking industry feedlots.
Anyone who ever had a mortgage loan from these guys has been ripped off. Any of you who do not believe this, do your own due diligence and learn about the origins of our fiat currency. You borrow $200,000 from the bank, the Fed printing presses crank out another $200,000 on your signature. Etc.
Anyone stuck in cash ‘will pay’, no doubt about it. Anyone in gold and other hard assets will maintain their standard of living - though I don’t doubt that the Fed would like to get gold confiscated too.
Speaking of hard assets
Silver — on the Move
http://news.silverseek.com/SilverSeek/1287408217.php
and with this news I can really see that happening
Silver Shipments From China, Biggest Exporter, May Plunge by 40% This Year
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