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To: Elle Bee; Chunga85; Lurker; FromLori; azhenfud; Wolfie; UCFRoadWarrior; servantoftheservant; ...

I am not familar with HSBC. Gang, anyone?


73 posted on 02/15/2011 12:22:24 PM PST by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: Kartographer
HSBC Bank.
77 posted on 02/15/2011 12:37:13 PM PST by Oberon (Big Brutha Be Watchin'.)
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To: Kartographer
HSBC Bank National Association is filing in Monroe County Florida as trustee to a pooling and servicing agreement for several banks and mortgage companies which have gone under.

HSBC has no original notes and the Courts down here (to their credit) are balking

We've also found that none of the mortgage modifications (the few that were done) were ever filed with the county clerk (for the lender to avoid paying the taxes and fees after adjusting the rate, term and amount) and the whole thing is just a mess

I really have no sympathy for these bankers

For the amounts the taxpayer ponied up for TARP they could have paid off every mortgage in the country and then some .... instead they gave our cash to banks who bought up these notes from distressed banks for pennies on the dollar and are trying to windfall through forclosure without the original notes

It's not pretty

.

80 posted on 02/15/2011 12:53:55 PM PST by Elle Bee
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