BOMBSHELL- Banks Lied in Foreclosure Cases Because they Cannot Prove Ownership. (And How Does That Impact Your Foreclosure?)

Years I’ve spent, banging my head against the walls of courtrooms all across this state, hoping in vain that this state’s courts would finally acknowledge what all of us know…..

Fraudclosure is just the means to an end….the end is helping banks get away with their crimes, their on-going PONZI scheme.

For too long, judges were content to throw their neighbors out into the street based on the mere suggestion from a bank that the court should.  In too many cases this still occurs.  But a lawsuit recently unveiled makes clear facts that we’ve all known for far too long…..

BANKS ARE LYING. AND COURTS ARE LETTING THEM GET AWAY WITH IT.

BUT NOONE CARES TO STOP AND ASK THE QUESTION…WHY?

If you know about foreclosure fraud, the mass fabrication of mortgage documents in state courts by banks attempting to foreclose on homeowners, you may have one nagging question: Why did banks have to resort to this illegal scheme? Was it just cheaper to mock up the documents than to provide the real ones? Did banks figure they simply had enough power over regulators, politicians and the courts to get away with it? (They were probably right about that one.)

A newly unsealed lawsuit, which banks settled in 2012 for $95 million, actually offers a different reason, providing a key answer to one of the persistent riddles of the financial crisis and its aftermath. The lawsuit states that banks resorted to fake documents because they could not legally establish true ownership of the loans when trying to foreclose.