To: Chunga85; org.whodat
This was interesting:
One would think when it came time to foreclose on homeowners these gaping defects would be apparent to all of the investment banks and the problems would be dealt with in a lawful manner. Something quite different happened. Professional con artists used to assist unlawful bank foreclosures with forged documents had no scruples at all. The new creation of mortgage promissory notes complete with homeowners' signatures were openly for sale to banks online for as little as $35. An entire, newly invented and wholly forged loan package could be purchased for less than $200. These are the very original documents that are essential to a valid foreclosure proceeding under state law. To use such forgeries in a court proceeding is a very serious felony.
4 posted on
02/07/2011 9:43:22 AM PST by
Kartographer
(".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
To: Kartographer
I thought the whole article was pretty damning. The good part of this mess is I maintain they are not going to get away with it.
5 posted on
02/07/2011 9:49:07 AM PST by
Chunga85
("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
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