By Ann Woolner
Oct. 15 (Bloomberg) — For all the scandalous news about systemically sloppy foreclosure documentation, bankers are trying to reassure the public that no undeserved evictions resulted.
” At the end of the day, the underlying substance was accurate,” JPMorgan Chase Chief Executive Officer Jamie Dimon told reporters on a conference call this week. ” There’s almost no chance that we’ve made a mistake”
That misses a key point, which I’ll get to shortly.
But first, consider the words, ” almost no chance.” I wrote about one homeowner faced with foreclosure even though he didn’t have a mortgage, having paid cash for his house. He can’t be the only one.
Foreclosure documents show bank employees didn’t get their own names, titles or employer names right or figure out who owned the note. Does it make sense that the only thing these folks got correct in thousands of foreclosures was each borrower’s payment record?
If the glove doesn’t fit: you must acquit.
Nuff said.
“Not to worry. The intruder wasn’t there to steal her TV, hunt for jewels or to rape her. The man who broke into her house in Orlando, Florida, was doing it for JPMorgan Chase and was there to change the locks.”
No, he was there to STEAL THE HOUSE and everything in it. She was in fact kidnapped by the bank in her own house.
Question: In a mortgage naming MERS as the mortgagee of record, was the mortgage EVER then recorded as the lender being a mortgagee?
Question: If a promissory note to a mortgage is a security instrument, would a copy of this security used to foreclose on a home be using a counterfeit security? I ask this in light of the fact in foreclosure cases where the original mortgage and note are NEVER produced, and summary judgments are granted upon copies, is this not fraud? And is this not a vioolation of SEC rules and laws governing securities?
While I do not agree with Michael Pines breaking the law to move families back into homes, I do believe people should move back into their homes when a foreclosure has not been completed. I believe they should move back in an fight. I believe they need a good lawyer like Matt Weidner to stand up for their rights.
Of course I make this endorsement of Mr. Weidner because he has now consented to represent me. Thus far he and his office staff have been very nice and professional.