Comments on: Winning the trial, losing your house

By: GAIL

GAIL — Wed, 20 Jan 2010 18:52:32 +0000

IndyMac Bank took my home .

By: dom

dom — Fri, 15 Jan 2010 20:13:57 +0000

Interesting commentary..I would take the time to listen to….

Dylan Ratigan On FCIC Hearings

http://tinyurl.com/ycjacfh

By: dom

dom — Fri, 15 Jan 2010 19:36:53 +0000

Do you think they could abuse people a little more? you know for their prosperity?

Big Banks Accused of Short Sale Fraud

Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks.

http://tinyurl.com/ydfg8yx

By: dom

dom — Thu, 14 Jan 2010 23:01:12 +0000

Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.

Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)

Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
“Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM.”

The Center for Responsible Lending says YSP “steals equity from struggling families.”
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.

http://tinyurl.com/y9ahtxk

By: Christine A Jubic

Christine A Jubic — Sun, 10 Jan 2010 18:19:01 +0000

Ask the mortgage holder if they can produce the original note, if not, then you have at least a fighting chance to challange their “standing” to forclose because the ORIGINAL note is the only thing that would prove their entitlement to forclose. Many of those mortages were “bundled” and sold to other financial institutions, whhich turns out, after all, to have been illegal. You cannot transfer right to real estate w/out the knowledge or written approval of the owner, the HUMAN owner, not the bank;
Ask them to produce the original note and see what they come up with. The one $hitiMortgage provided us was a complete FRAUD as we never signed with $hiti.

http://fraudulenttransactions.blogspot.com

The banks dont care about the homeowners, particularly when it is more profitable for them to forclose. The govt doesnt care either anyways, as the could ORDER a MORATORUM on all forclosures and also ORDER the banks to FIND A MORE USER FRIENDLY way to modify these loans. Lost paperwork my ass! They are prolonging the process on purpose.

The greedy banks, the govt as well as the Wall St “Banksters” dont give a dam is anyone is tossed out of their homes, just like they dont care if we are freezing to death in our homes cause we cant afford the high price of electricity or fuel. It is evey man, woman and child for himself in this country today, and people better wake up and smell the coffee before its too late.

You can ready more about them in the GBHS I have created just for them, click onto the link below;

http://greedybastardsclub.blogspot.com

Revoltin1