Foreclosure Defense Florida

Comptroller of Currency Solicits Input From Victims of Fraudclosure…

By September 19, 20113 Comments

foreclosure-complaintsWASHINGTON (Dow Jones)–Major U.S. banks plan to launch a common website, toll-free phone number and advertising campaign in the coming weeks to solicit complaints from consumers harmed by problems in foreclosure processing, a top regulator said Monday.

Last spring, U.S. regulators ordered major banks and thrifts to overhaul their foreclosure practices, finding that 14 lenders filed foreclosures with improper documentation and lacked sufficient staff to properly handle distressed borrowers. The banks have now picked independent consultants to identify any borrowers that were harmed by foreclosure processing problems. (Wall Street Journal)

3 Comments

  • All well and good, but when one considers that the fraud starts at the inducement, I think this move by the banks is just a ruse to generate a fresh database they can mine all over again.

    When I say “the fraud starts at the inducement”, what I mean is that there is no loan that the bank ever makes. They can’t loan on their assets nor on the assets of their depositors. Where then does the funding for the ‘loan’ originate? The signature of the ‘borrower. With that signature the home is paid for in full.

    Then, through slight of have (and sheer fraud) the borrower signs a promissory note that obligates them to pay back the bank who ‘lends’ them their own credit. The bank takes those principle payments and holds them in escrow. Then, after then three years after the borrower defaults or the note amortizes, the banks file a 1099 OID and claims those funds as ‘abandoned funds’.

    Here’s the kicker and where I think we can put an end to this fraud once and for all: The banks NEVER pay taxes on the principle payments they receive.

    Think about that.

    So for the banks to do this website is just another bullshit ruse to jape people all over again. You watch.

    And as for Matt Weidner running for some office? He’s an attorney. As an officer of the court, an attorney’s first allegience is (always) with the courts.

    There is no help coming. Stop playing their game. STOP SIGNING STUFF!!!!

  • And what about the (original) Constitutional prohibition against elected official from holding titles of nobility. Matthew D. Weidner, Esq. (Esquire)?

    The “missing” 13th Amendment to the Constitution of the United States reads as follows:

    “If any citizen of the United States shall accept, claim, receive, or retain any title of nobility or honour, or shall without the consent of Congress, accept and retain any present, pension, office, or emolument of any kind whatever, from any emperor, king, prince, or foreign power, such person shall cease to be a citizen of the United States, and shall be incapable of holding any office of trust or profit under them, or either of them.”

    So what, must the newly elected officials (secretly) renounce their citizenship as the way the retain their title of nobility? I say yes. Because the (Incorporated) U.S. GOVERNMENT is ‘foreign’ to the de jure, Constitutional government and all elected officials are ‘foreign agents’ including attorneys.

    Don’t believe me. Do your own research. I full expect these posts to be censored.

    My message? Keep voting. (For whatever good it’ll do ya.)

  • Neda Arntson says:

    Thanks for the info, but I can’t import to the server and the message like this

Leave a Reply