The fact is foreclosure will happen anyway, no matter who holds the note, Passidomo said. The reality is the borrower borrowed something from someone, and didn’t pay his debt, she said.

The most offensive thing about this quote is it’s coming from someone who wants to give away homes to banksters who are far more guilty than the homeowners they wan to throw into the street…

MORE HERE

robo and this is why….

If we are a nation where justice is blind, should we not investigate this possibility before we give the offending financialinstitutions another free pass?

The essence of an effective capitalist system is rules and accountability. For markets, and our larger economy to work, important players cannot be permitted to make up their own rules. In all likelihood, a settlement next week means these serious questions will never be answered.

This weekend, attorney generals from across the country are being blackmailed, extorted, pressured into signing onto off of the settlements with the banksters.

Keep in mind folks, that we’re not talking about teensy weensy violations of itty bitty parts of the law that don’t matter like jaywalking.  These are crime scenes….

But while they sit on their secret phone call hammering out the details on how Americans are gonna get hosed once again, let’s just review some of the details that are part of existing lawsuits:

(Now there’s a real gem down there at the bottom. Let’s see who can pick it out.)

The lawsuit specifically charges that the defendants have engaged in the following fraudulent and deceptive practices:

• MERS has filed over 13,000 foreclosure actions against New York homeowners listing itself as the plaintiff, but in many instances, MERS lacked the legal authority to foreclose and did not own or hold the promissory note, despite saying otherwise in court submissions.
• MERS certifying officers, including employees and agents of JPMorgan Chase, Bank of America, and Wells Fargo, have repeatedly executed and submitted in court legal documents purporting to assign the mortgage and/or note to the foreclosing party. These documents contain numerous defects, including affirmative misrepresentations of fact, which render them false, deceptive, and/or invalid. These assignments were often automatically generated and “robosigned” by individuals who did not review the underlying property ownership records, confirm the documents’ accuracy, or even read the documents. These false and defective assignments often masked gaps in the chain of title and the foreclosing party’s inability to establish its authority to foreclose, and as a result have misled homeowners and the courts.
• MERS’ indiscriminate use of non-employee “certifying officers” to execute vital legal documents has confused, misled, and deceived homeowners and the courts and made it difficult to ascertain whether a party actually has the right to foreclose. MERS certifying officers have regularly executed and submitted in court mortgage assignments and other legal documents on behalf of MERS without disclosing that they are not MERS employees, but instead are employed by other entities, such as the mortgage servicer filing the case or its counsel. The signature line just indicates that the individual is an “Assistant Secretary,” “Vice President,” or other officer of MERS. Indeed, these documents often purport to assign the mortgage to the certifying officer’s own employer. Moreover, as a result of the defendants’ failure to track the designation of certifying officers and the scope of their authority to act, individuals have executed legal documents on behalf of MERS, such as mortgage assignments and loan modifications, when they were either not designated as a MERS certifying officer at the time or were not authorized to execute documents on behalf of MERS with respect to the subject loan.
• MERS and its members have deceived and misled borrowers about the importance and ramifications of MERS’ role with respect to their loan by providing inadequate disclosures.
• The MERS System is riddled with inaccuracies which make it difficult to verify the chain of title for a loan or the current note-holder, and creates confusion among stakeholders who rely on the information. In addition, as a result of these inaccuracies, MERS has filed mortgage satisfactions against the wrong property.

NY AG Lawsuit

This piece here is the GEM…..let’s see how many people pick up on how big this is.

And here’s the whole lawsuit

THE QUESTION NOW IS, HOW CAN ATTORNEY GENERALS SIGN ONTO DEALS WITH THE DEVILS?

must read and hear…

Drink it all in, folks. Things are bad and only getting worse.  No commentary necessary here, no need to read between any lines.  You can all read the black and white.

The rapid descent into a very dark place has only been hastened as it becomes more and more certain and definite that this nation and especially this state are governed not by people or by laws or by any real justice, but by corporations supported and driven as they are by collision of corruption and cash.

The only real question remains is what happens after the full breadth and depth of the tyranny is fully expressed?  What will this world look like when the corporatacracy apparatchik has ground down and spit out every last bit of law and liberty?  What will we the serfs, the peasants, the prisoners do when clamp is tightened down just a few more screws deeper?

That truly is what terrifies me most. What the masters of the machine fail to realize is the profound danger they are placing all of us in by accelerating this descent into lawlessness.

This nation, these people will only be pushed so far.  The real problem is, the masters will not recognize they’ve pushed too far until it’s too late and there is no turning back.

From The Palm Beach Post:

Florida’s once-heralded foreclosure mill investigations have fizzled as the attorney general’s office has failed to find the right strategy to continue its pursuit and three law firms call for the cases to be dismissed.

This week, an attempt to have the Florida Supreme Court weigh in on whether the state has the authority to subpoena the Law Offices of David J. Stern was denied by the 4th District Court of Appeal.

The decision effectively ends the investigations into complaints that the firms doctored court paperwork in an attempt to speed foreclosures.

FLORIDA ATTORNEY GENERAL

UPDATE: BUT NOW HERE’S A REAL CONFLICT THAT’S DEVELOPING…

 What are we dear people, citizens of a United States of America to make of the fact that one state (that would be Florida) has affirmed a very real wild, dangerous environment of lawlessness while other states, that would be New York, California, Nevada, Michigan, just to name a few have said,

WE WILL OPERATE UNDER A SYSTEM OF EQUAL LAWS THAT BIND PEOPLE AND CORPORATIONS

That’s right, just read the lawsuit that was recently filed in Nevada here and another bombshell, read the lawsuit that was just released a few minutes ago from New York here.

It’s kinda setting up a sort of civil war type situation where on the one hand we’ve got states that are enforcing laws while another state sticks out like a downward sticking thumb, thumbing the nose at the rule of law……

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