Saturday, October 23, 2010
Under The Right Circumstances.....
You know how you keep hearing about the foreclosure crisis and how it's caused by the poor deadbeats getting loans and stuff, and if Freddie Mac and Fannie Mae hadn't been involved everything would be OK, because them poor deadbeats just made a deal with EYES WIDE OPEN.
Yeah, not so much. The research shows that Freddie Mac and Fannie Mae loans weren't the problem.
The problem was, and is, the banksters. Read on:
Beyond Bogus – Docx Assignment of Mortgage – Bogus Assignee for Intervening Asmts
Amid mountain of paperwork, shortcuts and forgeries mar foreclosure process
Robo-signers: Mortgage experience not necessary
Witness: Foreclosure firm owner gave gifts for altering documents
Mortgage foreclosure uproar sweeps up Northeast Ohioans
Dart Halting Evictions for Second Time in Two Years
Sheriff says he wants proof from lenders that evictions are legitimate, legal
I don't know how one buys a house without title insurance. Abstract of Title is a big industry.
So who's on the hook for all this fraud and deception?
I think that if a person/institution can't prove they own YOUR house they can't foreclose on it. That's just logical. It hasn't stopped them, but somebody should.
In the majority of cases, it has been shown that the banks could have been challenged and if they were, many of the foreclosures would have been proven illegal. The real problem is the lack of solidarity and the real denial of the immediacy of how this problem is not just someone else's...it is everyones!
Americans have become isolated and powerless because they have been made to feel that poverty is a communicable disease.....