Our nation’s political and legal system, now owned and controlled nearly completely by the banks and institutions, are running up against a very real and formidable threat that is finally getting their attention.
Courts have been slow to recognize the futility and inequity of throwing citizens into the street, especially with so much fraud and improper conduct coursing through our legal system. Once again, I am not a free house guy. I want families in homes, paying for insurance, paying for taxes, paying for homeowners association dues, keeping power on and preserving the home.
If the banks want to continue foreclosures, go right ahead, but spend your time focusing on homes that are vacant or abandoned and on homes where the homeowner has not defended.
From just a very practical perspective why don’t the banks stop fighting the small number of foreclosures that are defended and focus on ones that are abandoned?
We don’t need legislation this year to speed up foreclosures, we need common sense. Banksters, focus on your abandoned, non-defended homes and let the bankers focus on getting reasonable payments out of homeowners.
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I am currently fighting for my home and I am not giving it up easily. Wells Fargo has been a nightmare to work with since the very begining (05/05/2005). I jumped thru all their hoops for a loan mod only to to be denied several time then when they approve it. It turns our to be no different than before for payments with 37k more tacked on the 10 more year added as well. I tried to get them to tell me who owns my loan and they could answer the question. Then they served me foreclosure paper and all of a sudden there’s the name. Bear stearns asset backed securities trust 2006-2. Where does that come from? The trust closed in 2006. So is just a name they thru out there to put on paper. This probably happening all over america.
Bank of NY Mellon wasn’t even made until 2007 by joining of two banks. They are all crooks. BOA, CW, MERS all made loans for people who didn’t qualify or for people that they knew would later defaut and they would foreclose. The problem was they couldn’t see into the future and see the mortgage/credit collapse of 2007. If they foreclosed before it was a win win for them. The housing prices were going up up and away. Now all these houses are worth about half of what people owe. It was unsustainable. I mean for God’s sake the minimum wage is still $7.50??? an hour. How can anyone buy homes that cost so much? Only the top 1% that the tea party people and the rest of us are so mad about. My home is in foreclosure also in New Jersey (Thank God) because they have ground to a halt due to Judges not going for improper transfers from BOA to Bank of NY Mellon etc. Bany of NY Mellon made 3 Trillion dollars in 2010 pre tax and didn’t pay a dime in taxes. In fact they got $675 million in a Federal Tax Return off of our backs (the 99%). The CEO last name Kelly ( I think) paid himself something like $20 million the same year. He has since stepped down because of the outrage from the tea party and other middle class groups. Bank of New York Mellon TRUST, that word should give you a clue has more than 14 tax shelters and gives millions of donations to people running for office. Everyone should educate themselves on what’s going on in this country. Obama is the worst president EVER. He is worse than Nixon. Bush gave Wall Street billions of TARP money to the banks but there was oversight of it. Recently, after fighting in court for two years to get public information that the Obama people didn’t want published we find out that under Obama they gave all the banks (including BOA, Bank of NY Mellon Trillions and Trillions more that even the Congress didn’t know exchanged hands with NO strings attached. Free money from the taxpayers. So in essence, we are paying a bank to sue us for a home we live in that they got from our taxes to stay in business. WAKE UP PEOPLE. DON”T give up your houses. Fight them tooth and nail. Go out and vote in November. The United States is so deep in corruption on so many levels. I think anyone in office should have to take a lie detector first before getting voted in. The whole thing is disgusting.