Comments on: The Consequences of Foreclosure Fraud– Fundamental Instability in The Real Estate Market For Decades http://mattweidnerlaw.com/blog/2010/04/the-consequences-of-foreclosure-fraud-fundamental-instability-in-the-real-estate-market-for-decades/?utm_source=rss&utm_medium=rss&utm_campaign=the-consequences-of-foreclosure-fraud-fundamental-instability-in-the-real-estate-market-for-decades Speaking Out As Long As Political Speech Remains Protected Wed, 08 Feb 2012 15:23:25 -0500 hourly 1 http://wordpress.org/?v=3.2.1 By: Stop Whining http://mattweidnerlaw.com/blog/2010/04/the-consequences-of-foreclosure-fraud-fundamental-instability-in-the-real-estate-market-for-decades/comment-page-1/#comment-11372 Stop Whining Mon, 22 Aug 2011 22:40:38 +0000 http://mattweidnerlaw.com/blog/?p=1129#comment-11372 Let me get this straight, homeowners who rightfully and knowingly have signed a contract and a legal promissory note are now blaming the banks for their unwillingness to pay back the loan. They are scamming banks by saying “show me the note.” You knowingly under your own content signed a promissory note to pay back the loan. Hence that is a legal contract, a PROMISE. Who cares where the note was sold. I don’t care if a pile of dirt owns the note, you have a legal obligation and contract to pay back the note or you should go through foreclosure. What a scam, you should not have the right to get a loan! You know you owe money on a loan, yet you try and intentionally deceit the lender by saying “show me the note”. Last time I checked that is fraud: intentional deception made for personal gain! Let me get this straight, homeowners who rightfully and knowingly have signed a contract and a legal promissory note are now blaming the banks for their unwillingness to pay back the loan. They are scamming banks by saying “show me the note.” You knowingly under your own content signed a promissory note to pay back the loan. Hence that is a legal contract, a PROMISE. Who cares where the note was sold. I don’t care if a pile of dirt owns the note, you have a legal obligation and contract to pay back the note or you should go through foreclosure. What a scam, you should not have the right to get a loan! You know you owe money on a loan, yet you try and intentionally deceit the lender by saying “show me the note”. Last time I checked that is fraud: intentional deception made for personal gain!

]]> By: Matt http://mattweidnerlaw.com/blog/2010/04/the-consequences-of-foreclosure-fraud-fundamental-instability-in-the-real-estate-market-for-decades/comment-page-1/#comment-2365 Matt Mon, 03 May 2010 03:00:56 +0000 http://mattweidnerlaw.com/blog/?p=1129#comment-2365 Alina puts it well. I have an agent that (to me) seems pretty legit and she seems to be doing reasonably well, who also just got "certified" as a like I don't know, "short sale expert" or something like that...maybe it was a CDPE...all by taking a day-long Realtor class (this is in Massachusetts) and getting the certificate. What a joke. The whole game has changed, and few know the new rules or are willing to learn them. While I can see sporadic lawsuits being brought down the road when some realize their foreclosure was illegal and shouldn't have happened, most people rolled over and gave up long ago. These FC's are being rubber-stamped through the recorder's offices, because it's easy filing fees for them. No one there wants to try and hash out hundreds, if not thousands of properties in their area to see if things were legit or not. Alina puts it well. I have an agent that (to me) seems pretty legit and she seems to be doing reasonably well, who also just got “certified” as a like I don’t know, “short sale expert” or something like that…maybe it was a CDPE…all by taking a day-long Realtor class (this is in Massachusetts) and getting the certificate.

What a joke. The whole game has changed, and few know the new rules or are willing to learn them. While I can see sporadic lawsuits being brought down the road when some realize their foreclosure was illegal and shouldn’t have happened, most people rolled over and gave up long ago.

These FC’s are being rubber-stamped through the recorder’s offices, because it’s easy filing fees for them. No one there wants to try and hash out hundreds, if not thousands of properties in their area to see if things were legit or not.

]]> By: Update on Assignments | Foreclosure Industry http://mattweidnerlaw.com/blog/2010/04/the-consequences-of-foreclosure-fraud-fundamental-instability-in-the-real-estate-market-for-decades/comment-page-1/#comment-1728 Update on Assignments | Foreclosure Industry Thu, 08 Apr 2010 19:24:57 +0000 http://mattweidnerlaw.com/blog/?p=1129#comment-1728 [...] check out this blog post from attorney Matt Weidner in Florida. It’s already been circulated around the internet so [...] [...] check out this blog post from attorney Matt Weidner in Florida. It’s already been circulated around the internet so [...]

]]> By: Alina http://mattweidnerlaw.com/blog/2010/04/the-consequences-of-foreclosure-fraud-fundamental-instability-in-the-real-estate-market-for-decades/comment-page-1/#comment-1702 Alina Wed, 07 Apr 2010 14:12:02 +0000 http://mattweidnerlaw.com/blog/?p=1129#comment-1702 Mr. Weidner, There is a new certification in town for real estate agents who specialize in "distressed properties" - Certified Distressed Property Expert . Maybe they ought to be aware that any purchaser of a foreclosure or short sale is buying the property without a proper chain of title. Interestingly, in an effort to save a bit of my credit, I placed my home on the market. The agent I hired became a CDPE in the middle of the contract term with him. He then tried to talk me into a short sale and/or deed in lieu but told me that I would have to bring at least $10-15k to the table as payment for the closing costs. I then told him that I had rescinded the loan, to which he replied, that was impossible and I could not do that. According to his website, the bank is supposed his fees. Mr. Weidner,

There is a new certification in town for real estate agents who specialize in “distressed properties” – Certified Distressed Property Expert . Maybe they ought to be aware that any purchaser of a foreclosure or short sale is buying the property without a proper chain of title.

Interestingly, in an effort to save a bit of my credit, I placed my home on the market. The agent I hired became a CDPE in the middle of the contract term with him. He then tried to talk me into a short sale and/or deed in lieu but told me that I would have to bring at least $10-15k to the table as payment for the closing costs. I then told him that I had rescinded the loan, to which he replied, that was impossible and I could not do that. According to his website, the bank is supposed his fees.

]]> By: Stupendous Man http://mattweidnerlaw.com/blog/2010/04/the-consequences-of-foreclosure-fraud-fundamental-instability-in-the-real-estate-market-for-decades/comment-page-1/#comment-1696 Stupendous Man Wed, 07 Apr 2010 05:39:24 +0000 http://mattweidnerlaw.com/blog/?p=1129#comment-1696 I've had numerous discussions with attorneys, and with real people, that understand the shattering of centuries of property law. This fellow most of the highlighted cases and seems to have drawn the right conclusions (Deutsche v McRae in New York state courts, and Wells v Jordan in Ohio state courts are certainly worthy of mention). Yep, decades to come. I’ve had numerous discussions with attorneys, and with real people, that understand the shattering of centuries of property law. This fellow most of the highlighted cases and seems to have drawn the right conclusions (Deutsche v McRae in New York state courts, and Wells v Jordan in Ohio state courts are certainly worthy of mention).

Yep, decades to come.

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