More Examples of REAL Class Warfare: America's Illegal Foreclosure Epidemic

Discussion in 'Politics' started by Mustang, Dec 22, 2011.

  1. Mustang
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    Mustang Gold Member

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    I'm surprised that this issue hasn't gotten more press since it's currently being investigated by states attorneys general across the country. It's even happening to members of the military.

    This issue is particularly heinous in my opinion because the banks are seeking broad immunity from lawsuits if found to be guilty. What else would that immunity accomplish other then to embolden more illegal activity in the future if the banks no that they can continue to get away with illegal acts again and again.

    I'll tell you what. Why don't you commit a crime just to test the system. See if you can get immunity from prosecution or from lawsuits associated with your crime.

     
  2. Lonestar_logic
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    Lonestar_logic Republic of Texas

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    If people wouldn't attempt to live beyond their means and purchase homes they cannot afford this shit wouldn't happen.
     
  3. Mustang
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    Mustang Gold Member

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    You ought to do some research. Not only are these foreclosures ILLEGAL (You DO understand what illegal means, don't you?), a great many of these homes belong to people who are ineligible for foreclosure in the first place.

    Do you know what these banks are doing? They're knowingly submitting fraudulent documents to courts of law...with phony signatures affixed to them and trying to ram them through in order to get a legally binding judgment in their favor. And they now want immunity?

    Why don't YOU try to do that sometime. Submit fraudulent documents to a court with a phony signature, and see where that gets you.
     
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    Last edited: Dec 22, 2011
  4. Steelplate
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    Steelplate Bluesman

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    Don't even try Mustang... It's the Republican mantra. It's everyone else... not Big Business or Banking.

    Because, they are just trying to make money... You are stomping on their dream. It doesn't matter what they do to the country or it's people in the process... that's irrelevant and off limits to discussion.
     
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  5. Photonic
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    Photonic Ad astra!

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    Certainly seems that way sometimes. What with their rabid and instant defense of anything that has to do with copious amounts of money.
     
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  6. Seawytch
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    Seawytch Information isnt Advocacy

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    Somebody has to represent the 1%. The GOP has decided to be the ones to do that...no matter what.
     
  7. Steelplate
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    Steelplate Bluesman

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    I'll give them credit... they're good at it. Deluded... but good.
     
  8. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    The banks and other lending entities have only themselves to blame, no one forced them to take illegal or questionable action with regard to pursuing foreclosures.
     
  9. Mustang
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    Mustang Gold Member

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    Maybe I need to dumb it down for some folks.

    Okay. Here goes.

    You're a middleclass person living in a town. The town has rich people, middleclass people, and poor people. You know? Real life?

    The posted speed limit in most of the town's residential streets is 25 mph. If you go over the speed limit, you get a ticket. Maybe you get some points on your license. Your insurance will likely go up as well. If you get enough tickets, you may lose your license.

    The rich people seem to get away with speeding without getting any tickets. They just get warnings, which don't really mean anything since they don't get tickets even after being warned.

    One day, a rich person causes a traffic accident while speeding. He hits YOU while you're driving your car under the speed limit. You're injured and suffer a concussion. But the rich person is not arrested. He's not even cited. The rich person's insurance refuses to pay your claim because there was no legal finding of liability on the part of the other person. Meanwhile, your insurance drops your coverage. At this point, you decide to sue the rich person for damages (car repair costs, medical bills, etc), but the court dismisses your suit prior to going to court.

    Now, how would most people feel about a legal system like that?
     
  10. Clementine
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    Clementine Platinum Member Supporting Member

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    I just got a letter from The Independent Review Administrator prompted by The Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency (federal bank regulators). I had a foreclosure about a year ago due to being laid off for a while and not being able to catch up with the impossibly high late fees and penalties. It was frustrating trying to go through the loan modification process. It was a scam. I would call the number where it said Obama wanted to help homeowners keep their homes and would get directed to customer service at my bank. I went through at least a dozen different customer service reps in a year and they were obviously reading from a script. I could talk along with them because I knew the exact answer to any question I asked.

    I paid over $2,000 for the process to start and supposedly my papers were sent to the loan mod office. I would call to inquire about the status and they would always say they never received my faxed paperwork. I would then tell them I followed up the faxes with certified mail and a moment later they would pretend to find my paperwork. This happened with every phone call. Then they would tell me it's all being reviewed and I would hear something in a couple weeks. Never got a word from them, just a police officer notifying me of the date of the sheriff's sale. I spent a ton sending faxes and certified mail, all so I could talk to a bunch of hired idiots reading from a script, taking my checks on several occassions and doing nothing. I bet the paperwork was thrown away as soon as they received it. I found out through a lawyer that the reason banks were not modifying loans was because the Obama administration cut a deal with them and offered to pay the difference between what they got at a sheriff's sale and what was owed. They would have been stupid to make any deals with homeowners when they had that offer on the table. No wonder they fast tracked foreclosures. They wanted those checks from government.

    Now I'm being asked by this review administrator to write down all the details of the foreclosure and the letter states that my file at Wells Fargo indicates I may have been financially injured by the handling of the foreclosure. Interesting and I wonder if it has something to do with the article you posted. I can update when I find out what this is all about. With my luck, it's just another waste of time and people going through the motions to make it look like problems were addressed.
     
    Last edited: Dec 22, 2011

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