Posted on 11/05/2010 3:41:32 PM PDT by Chunga85
If you're wondering why loan mods appear to be intentionally blown off, why banksters advise people to intentionally miss payments to get a mod and then don't deliver one, foreclosing instead, you only need to look right here:
3.12 Realization on defaulted mortgage loans CitiMortgage will use its best efforts, consistent with its customary servicing procedures, to foreclose upon or otherwise comparably convert the ownership of properties securing any mortgage loans that continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to section 3.2. Consistent with the foregoing, CitiMortgage will use reasonable efforts to realize upon defaulted mortgage loans in a manner that will maximize the receipt of principal and interest by the certificate holders, taking into account, among other things, the timing of foreclosure proceedings.
If a deficiency action is available against the mortgagor or any other person, CitiMortgage may proceed for the deficiency. CitiMortgage may retain 25% of the net proceeds received from a mortgagor pursuant to a deficiency action as compensation for proceeding with the deficiency action.
Got that?
Citibank's PSA - the Pooling and Servicing Agreement - the document that specifies what they will do as a servicer if you default on your mortgage says that they will maximize the the amount of money they can get from you.
In fact it requires that they maximize the amount of money they can get from you.
It gets better.
The Servicer - that is, Citi - gets to keep 25% of anything they get from a deficiency action.
That's a hell of a lot of money.
(Excerpt) Read more at market-ticker.org ...
It's so nice to be proven correct again and again and again. Those stupid and insulting naysayers were proven to be 100% wrong again and again about everything.
And not one single apology from anybody. F'em all !
I don’t care what your excuse is. If you refuse to make your house payment you are a cheat and a thief.
Stop trying to steal from others and pay your bills.
It’s stealing. Shame on you.
God save us from people like you who can get your priorities straight. You worry about people owning thousand while you condone and pardon those who have robbed Billions. Not only have they screwed over the honest home owner that pays the screwed the government out of billions in bailout and billions more from the mortgage investors. Mean while we have people like you running around covering up and wanting to over look their crimes. I repeat what these bankers have done are not even conparable to a person that fails to honor a civil contract they have committed crimial fraud on a scale that makes Bernie Madoff look like so common street three card monte con man and yet you just don't get it. Would you give the death penalty to a jay walker while letting go a serial killer? Apparently if the serial killer wears a three piece suit you would.
Stop thief!
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Your inability to understand the complexities involved are not germane to this issue, are manifestly hollow, patently preposterous, and completely invalid. Your statements lack even the slightest inkling of substance.
Sorry..but whatever points you are attempting to make are as absurd as your feeble, miscarriaged efforts to articulate them.
It would surprise me if you could manage to fall off a ladder by yourself and the abundance of absent minded individuals like you allow this epidemic fraud to continue unabated.
Tiny little minds such as yours serve as nothing more than perfect kindling to set alight today's modern day Rome - America.
Thanks a bunch.
Clearly I need to reread Arguing with Idiots.
I am wondering if the banksters will push to Dow to 14000 and then crash it, as in 2008, or let it go higher prior to their instigated ‘profitable’ crash?
You are just busy trying to steal a house from people who own stock in the bank. A crook is a crook.
You need to learn: Thou shalt not steal.
Most of my friends and business buddies lost nearly everything in 2001 - 2002. High flying jackasses who were into buying the next hot IPO got wiped out. I know some very astute people who were investing in quality for many years. Some (or most) have lost over 60% of their holdings in the past ten years.
Stop trying to steal from others and pay your bills.
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If you want to see real theft and organized crime in action go to a foreclosure auction at any courthouse.. it’s eye opening.
You are just busy trying to steal a house from people who own stock in the bank. A crook is a crook.
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Please bookmark this thread , in a few months as this all unfolds in the popular press you will understand that the banks own nothing ,, they never advanced money for purchasing or refinancing any home ,, it was all investors money and the banks have no loss at all , they were just a conduit (or to use the legal bad guy word “straw man purchaser”). Chunga85 , Kartographer and I among others want the RULE OF LAW to prevail... that will be VERY bad for the banks but will save the monetary system and ourselves from this continued depression.
You just don’t get it. do you?
In the usual exchange, I pay my mortgage and when I satisfy my Note, I get the security instrument satisfied. You can grasp that concept, right?
Now, suppose I pay my payment to BoC and they accept my payments, but when I pay my last one, they say I satisfied the Note, but the investor who holds the original says, “No, we never got consideration for it.”
They actually have a right to enforce, not the BoC. (Bunch of Crooks). I would have to sue BoC to recoup what I owe the investor to pay my legally enforcable Note, since it’s my signature. Do you understand how that would work?
You are blaming the wrong ones who have faithfully paid their payments on time only to find themselves screwed.
Again, if I fail my contract obligation, they get the house.
If they fail, I get the house - it’s fair. UCC GS 3-309(a)(3b) states an order may not be entered in the plaintiff’s behalf if the borrower cannot be protected from another person claiming to enforce the instrument.
That, Donna, is where we stand. The banks cannot and that’s proven via title insurers.
My Lord! I can’t believe you’re that shallow!
Or are you a bankster?
That right there says it all.
I'm afraid this playpen's too advanced for you, dear.
Did you mean to say:
You swine. You vulgar little maggot. You worthless bag of filth. As we say in Texas, I’ll bet you couldn’t pour p!ss out of a boot with instructions on the heel. You are a canker. A sore that won’t go away. I would rather kiss a lawyer than be seen with you. You’re a putrescent mass, a walking vomit. You are a spineless little worm deserving nothing but the profoundest contempt. You are a jerk, a cad, a weasel. Your life is a monument to stupidity. You are a stench, a revulsion, a big suck on a sour lemon. You are a bleating foal, a curdled staggering mutant dwarf smeared richly with the effluvia and offal accompanying your alleged birth into this world. An insensate, blinking calf, meaningful to nobody, abandoned by the puke-drooling, giggling beasts who sired you and then killed themselves in recognition of what they had done. I will never get over the embarrassment of belonging to the same species as you. You are a monster, an ogre, a malformity. I barf at the very thought of you. You have all the appeal of a paper cut. Lepers avoid you. You are vile, worthless, less than nothing. You are a weed, a fungus, the dregs of this earth. And did I mention you smell? Try to edit your responses of unnecessary material before attempting to impress us with your insight. The evidence that you are a nincompoop will still be available to readers, but they will be able to access it more rapidly. You snail-skulled little rabbit. Would that a hawk pick you up, drive its beak into your brain, and upon finding it rancid set you loose to fly briefly before spattering the ocean rocks with the frothy pink shame of your ignoble blood. May you choke on the queasy, convulsing nausea of your own trite, foolish beliefs. You are weary, stale, flat and unprofitable. You are grimy, squalid, nasty and profane. You are foul and disgusting. You’re a fool, an ignoramus. Monkeys look down on you. Even sheep won’t have sex with you. You are unreservedly pathetic, starved for attention, and lost in a land that reality forgot. And what meaning do you expect your delusionally self-important statements of unknowing, inexperienced opinion to have with us? What fantasy do you hold that you would believe that your tiny-fisted tantrums would have more weight than that of a leprous desert rat, spinning rabidly in a circle, waiting for the bite of the snake? You are a waste of flesh. You have no rhythm. You are ridiculous and obnoxious. You are the moral equivalent of a leech. You are a living emptiness, a meaningless void. You are sour and senile. You are a disease, you puerile, one-handed, slack-jawed, drooling, meatslapper. On a good day you’re a half-wit. You remind me of drool. You are deficient in all that lends character. You have the personality of wallpaper. You are dank and filthy. You are asinine and benighted. You are the source of all unpleasantness. You spread misery and sorrow wherever you go. You smarmy lagerlout git. You bloody woofter sod. Bugger off, pillock. You grotty wanking oik artless base-court apple-john. You clouted boggish foot-licking twit. You dankish clack-dish plonker. You gormless crook-pated tosser. You churlish boil-brained clotpole ponce. You cockered bum-bailey poofter. You craven dewberry pisshead cockup pratting naff. You gob-kissing gleeking flap-mouthed coxcomb. You dread-bolted fobbing beef-witted clapper-clawed flirt-gill. You are a fiend and a coward, and you have bad breath. You are degenerate, noxious and depraved. I feel debased just for knowing you exist. I despise everything about you, and I wish you would go away. I cannot believe how incredibly stupid you are. I mean rock-hard stupid. Dehydrated-rock-hard stupid. Stupid, so stupid it goes way beyond the stupid we know into a whole different dimension of stupid. You are trans-stupid stupid. Meta-stupid. Stupid collapsed on itself so far that even the neutrons have collapsed. Stupid gotten so dense that no intellect can escape. Singularity stupid. Blazing hot mid-day sun on Mercury stupid. You emit more stupid in one second than our entire galaxy emits in a year. Quasar stupid. Your writing has to be a troll. Nothing in our universe can really be this stupid. Perhaps this is some primordial fragment from the original big bang of stupid. Some pure essence of a stupid so uncontaminated by anything else as to be beyond the laws of physics that we know. I’m sorry. I can’t go on. This is an epiphany of stupid for me. After this, you may not hear from me again for a while. I don’t have enough strength left to deride your ignorant questions and half baked comments about unimportant trivia, or any of the rest of this drivel. Duh. The only thing worse than your logic is your manners. I have snipped away most of what you wrote, because, well... it didn’t really say anything. Your attempt at constructing a creative post was pitiful. I mean, really, stringing together a bunch of insults among a load of babbling was hardly effective... Maybe later in life, after you have learned to read, write, spell, and count, you will have more success. True, these are rudimentary skills that many of us “normal” people take for granted that everyone has an easy time of mastering. But we sometimes forget that there are “challenged” persons in this world who find these things more difficult. If I had known, that this was your case then I would have never read your post. It just wouldn’t have been “right”. Sort of like parking in a handicap space. I wish you the best of luck in the emotional, and social struggles that seem to be placing such a demand on you.
You are a disgusting piece of filth, incapable of honor. You are so vile that not even a lawyer would consent to sexual congress with you under any circumstances. Nay, even your right hand shuns such congress with you.
How many times did this happen? Source please.
Yeah, too advanced in crime by a delinquent homeowner and his lawyer. I don’t play with cheaters.
It doesn’t matter who owns the note. In fact, it’s none of the homeowner’s concern.
The homeowner must still repay the loan. His house wasn’t a gift from Santa. A bank gave him a check and he bought a house. Pay your bills or move out!
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