ARE YOU READY FOR WAR? ARE YOU ATTORNEYS, CONSUMERS AND ACTIVISTS PREPARING FOR BATTLE?
I AM!
NEWS FLASH- THE PROBLEMS THAT PLAGUE THE FORECLOSURE INDUSTRY HAVE NOT BEEN CORRECTED. THE SYSTEMIC DISINCENTIVES TO COME TO REASONABLE TERMS OF SETTLEMENT THAT MAKE ECONOMIC SENSE FOR THE INSTITUTIONAL AND INDIVIDUAL INVESTORS HAVE NOT BEEN ADDRESSED–THEIR LITIGATION RAGES ON.
HOMEOWNERS HAVE YET TO RECEIVE ANY REAL RELIEF, SHORT SALES OR REASONABLE MODIFICATIONS ACROSS THIS INDUSTRY.
YOUR FEDERAL HAS PUMPED BILLIONS OF DOLLARS INTO THESE SERVICERS AND THEY’VE NOW ADMITTED SYSTEMIC MISTAKES AND ABUSES, YET THEY’RE BEING PERMITTED TO CONTINUE WITH IMPROPER ACTIONS AGAINST CONSUMERS, BUSINESS AS USUAL, AS IF NOTHING IS STILL WRONG.
I DON’T LIKE WIKI LEAKS ONE BIT BUT GOD HELP US ALL IF BANK OF AMERICA IS THE SOURCE OF THE NEXT DOCUMENT DROP.
And now, read the story that’s causing my head to explode today…..
CHARLOTTE, N.C., Dec 15 (Reuters) – Bank of America Corp’s foreclosure process will regain speed in January after being stalled for nearly three months over allegations the industry cut corners on home repossessions, the bank’s home loans chief said on Wednesday.
“We feel comfortable with the results we’re getting, so starting in January you will see a ramp” up in foreclosure filings, Barbara Desoer, president of Bank of America’s home loans business, told Reuters in an interview.
It’s hard to keep up the verve to fight. I left one hearing today where I got the right to go take the deposition of a robosigner, (try explaining that to a client as a victory,) only to run into a former client who was at that very moment at the Courthouse trying to stop a Writ of Possession. She got a stay of the writ, we wrote it out right there, only to have a deputy sheriff then personally go to the Judge and argue with the Judge that he, the Judge, could not do what he just did. They guy with the brass and the gun won the argument.
Somewhere my former client sits on a curb with her possessions, locked out of her home of five years. She had been working on a loan modification for a year and had been on the phone with the servicer on the evening when the Bank attorney told her there would be a lockout.
I had a chance to look at the note and no where on the note was the name of the Plaintiff. There was attached to the note an allonge that still did not have the Plaintiff. There was attached to the allonge an assignment, by a MERS Vice President, acting on behalf of the original lender, assigning the mortgage (not the note,) to the Plaintiff. This contradicted the allonge which showed the note being endorsed by the original lender to a different institution. Complete utter sheer fraud, and yet she lost her home and is homeless tonight.
So in the face of the sheer overwhelming construction of a system of fraud that is supported by the courts and is enforced by armed deputies, where, how, when do we develop the nerve, the energy and the hope to continue on.
What county was this in …please email me at weidnerlaw@yahoo.com
MATTT look at this … our Arizona AG has initiated lawsuit.. I read Nevada too but have not confirmed Nevad. AZ AG wow!!!
https://zingervotes.blogspot.com/2010/12/arizona-attorney-general-charges-bank.html