One of the many, many dirty secrets that will come out about all this foreclosure fraud that is burning across this country is the fact that the Good Old Uncle Sam is not only right smack dab in the middle of it, but that your federal government signed off and is in fact paying the massive profits the purveyors of all the fraud are making.
It’s no secret that the federal government, through Fannie and Freddie are the real owners of a huge percentage of the mortgages that are being foreclosed on. The Plaintiff name may be Aurora or Litton or Bank of America or the IXIS 2003 Loan Trust, but when the Certificate of Title is issued or the bid assigned or the real interest in the property is conveyed, we will all be blown away when we discover just how many times the real party in interest is Uncle Sam. I am convinced that this fact is concealed because what would this country (or the rest of the world) think about the federal government coming to take your home or 260,000 homes across the State of Florida? And yet that is exactly what is happening.
There is one other key fact in all of this. The federal government largely determines what law firms will be responsible for filing the foreclosure lawsuits that have now choked our courts through their designation of the law firms that are permitted to institute the foreclosure actions. Now that these firms are under investigation by the Florida Attorney General’s office, you’d think the federal government would step right up and take some action against these firms or at least look into their conduct right? Wrong.
Have a look at the attached article that appears in Mother Jones.
Please read the letters that are attached to the request. Think long and hard about what all this means. I’ve given up hope that our judges and elected leaders have any motivation to address these problems on their own initiative. Our only hope is that journalists will put the massive amount of time and resources that are necessary into researching and telling this story in a way that exposes all the levels of corruption that exist.
I really believe that only the press can save us now. Please support those in our press who are telling this story by commenting and sharing the stories they are telling. Please “share” the stories and links on Facebook and emails so that their editors can see that these issues are of interest to readers.