Years ago we learned that the banks were fabricating, forging and creating documents out of thin air. Years ago we learned the banks were engaging in fraud. Years ago we learned that courts were allowing them to get away with all this.
Fabricating, forging, frauding…things that are otherwise crimes for anyone…except banks. What’s worse, all this is done in order to accomplish no small thing….using the awesome power of the whole of United States Government to rip Americans out of their homes, then turning those homes, the actual dirt upon which this entire nation is built over to shadowy foreign trusts like Deutsche Bank and federalized banks that are engaging in a wide range of grossly criminal activities like money laundering and trading and providing relief to terrorist organizations and drug cartels….like HSBC.
It’s so bad that’s it’s really hard to figure out who I’m referring to when I call them “terrorist organizations”…. is HSBC and Wachovia the “terrorist organization” or are their clients the drug cartels and terrorist states the “terrorist organizations” that I’m referring to…after all their businesses are so fused together.
Keep that in mind as you negotiate with these entities to try and keep your home….negotiating with terrorists…..
From the article:
[advanced-iframe securitykey=”a89b984039fb3b09578b3059dd44d761a319ccc0″ src=”https://www.salon.com/2013/08/12/your_mortgage_documents_are_fake/” width=”1000″]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 $1 billion, 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.
Been in securitizations a long time. 1st not aware there are any federal statutes that govern mortgage assignments. Regs are on the state and municipal level. Never heard of a 90 day provision. Always been standard practice to recreate lost documentation as of effective data of the transaction dataed the date of execution
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