The facts are simple and at this point in time no longer in dispute. The big boys in banking….all across this country…the hot shots from Wall Street…and financiers from all around the world completely, totally and undeniably screwed up the entire finance and real property system.
The big shots hired big shot lawyers then paid their lawyers monster fees to set up a whole system to profit off the millions of mortgages that are recorded all across this country….and then…here’s the crazy part…..the big shots ignored the advice their lawyers gave them and they completely failed to follow even the most basic terms of the contracts their big shot lawyers drew up.
Is it outright fraud and criminality or just gross incompetence and a complete disregard for any laws or rules? That’s a question unanswered at this point in time….and the subject of depositions, discovery and trials all across this country.
But some decisions are coming out….and they are very, very troublesome for the big shots and all their fancy lawyers…..just take a click over to NAKED CAPITALISM FOR MORE.
robo signer, alonge , no nota, etc etc
MATT this could explain why these servicers keep foreclosing on homes were their was never a mortgage . They all did the same that Taylor bean whitaker did created fake assets or just pulled satisfied mortgages from mers and new that underwriting would not bother to check. Yes money was funded not to the homeowner they were like straw loans. Impossible to try and foreclose on a house with no mortgage but they keep trying cost these homeowner grief. Keep seeing these cases wonder how bank could make a mistake but its not. They needed more cash to fuel the fire. Just like Colonial did with TBW they pulled shit out of theyre asses and with access to mers and public county records. Created these unsecurities and they knew that the trusts were going to have excess cash flow high interest home payments. That would stall and never scare investors.