Check out this really depressing map (this link takes you to the full-sized image).
The text introducing the map: "Leading Democrats, such as Senate Majority Leader Harry M. Reid (D-Nev.) whose state was hit hard by the real estate downturn, have called on lenders to halt foreclosures. But the Obama administration says a nationwide delay could devastate the fragile real estate market in places like Florida."
Looking at Florida on that map, I'd say the devastation has already been wrought.
Meanwhile, Bank of America continues in its position as the most likely lender to fraudulently foreclose on borrowers. Here's the latest egregious story, from a few days ago.
In one of the more bizarre foreclosure cases, Bank of America is threatening to throw a West Hartford family out of their home even though the couple never missed a mortgage payment.
The largest bank in the United States earlier this month notified Shock Baitch and his wife Lisa (Friedman) Baitch that foreclosure action will start today – Christmas eve – unless the couple agrees to put their home up for a forced sale.
Why?
Because another unit of Bank of America erroneously reported to credit agencies that the family was seeking a loan modification, ruining their credit rating and as the result putting their mortgage into default.
All this is happening even though the bank – after admitting it erred and sent a letter of apology in September – handed this case to a special unit at Bank of America that is charged with dealing with severe customer issues. It promised to notify the credit reporting agencies that the couple were not deadbeats, but were good credit risks.
“I have never seen a case like this,” said Manchester attorney Wendell Davis, whose office handles many foreclosures.
Before taking the case, Davis said he thoroughly checked Baitch’s records and found that all his and his wife’s allegations were accurate.
“They have never even been late on a mortgage payment,” said Davis this morning in an interview....
Baitch’s story began about a year ago when he and his wife wanted to refinance their home in order to pay for improvements and to consolidate their debts. Baitch is a firefighter.
They spoke to a BofA loan specialist and asked for the cheapest refinance option. The loan specialist tentatively put them into the “Making Home Affordable program,” which unbeknownst to the couple would signal to the credit world that they were in financial straits.
When the couple received a package of papers to sign, they decided to go with a conventional mortgage because they did not want to have to add escrow costs and home insurance to their mortgage payments, not because they were aware of the ramifications on the loan program.
But it was too late. Shortly after that, in April, Baitch’s wife (whose name is on the mortgage) received a letter from BofA telling her that the credit limit on one of her credit cards was reduced to $18,800 from $30,000. The two weren’t worried because they had plenty of credit available on other credit cards. Baitch said he just figured that the bank was tightening everyone’s credit.
It was only after his wife started receiving notifications from other creditors that several of her other accounts were being closed that the couple discovered what had happened.
Because of BoA's fraudulent reports to credit bureaus, the couple's credit has been ruined. Supposedly BoA is working on restoring the credit limits on their BoA accounts, but that doesn't fix their credit rating. That's a hassle for the couple, but the true nightmare is the foreclosure letter the couple received just before Christmas, a foreclosure proceeding that no one at BoA has been able to justify. Baitch describes the long trail of customer relations calls he's made, culminating at the top.
“I then spoke to Debbie Lambert from the Office of the CEO and President. Debbie advised me that, in fact, my account is still “under review” and has a “work out negotiator” assigned to the case. She could not explain why the letter of foreclosure was issued, but, did confirm that our status is that we are still in the loan modification process. A process we NEVER agreed to or ever entered and were PROMISED that it would be corrected!”
“So, in summary, BOA is threatening to proceed with foreclosure on a house that was NEVER late or in risk of default. No one at BOA can find where this letter came from, but admits, that somewhere in there system, some department at BOA thinks we are to be foreclosed on. This is just proof that BOA is far too large to be of any benefit to themselves or the consumer.”
Reading this story, and looking at that map of the extent of the crisis, might be enough to make the Geithner and Obama reconsider forcing a national halt on foreclosures. Letting the banksters steal it all isn't a policy solution.
Scores of HOMEOWNERS DO NOT CONTEST FORECLOSURES BECAUSE:
1. They don’t have knowledge of the law in order to recognize which aspects of foreclosure are legally challengeable or even fraudulent.
2. And even those who identify wrongdoing lack funds to pay for attorneys to represent them.
3. Homeowners are told to come to foreclosure auctions with $$$$$$$ that they do not have, SO THEY STAY AWAY from foreclosure auctions.
These homeowners are oblivious about sometimes “straw buyers” and sometimes lawyers in charge of foreclosures, obtain ILLEGAL ownership of people’s homes; and pay literally nothing through “credit bids;” and that those recorded deeds from such auctions are null! For these very reasons, there needs to be a probe of lawyers who file foreclosures. http://chn.ge/eU2zAm
Also, the average lay person doesn’t know about legal REQUIREMENTS of “standing” that prevents their homes from being repossessed via non-existent lenders or via lenders which have no ownership of promissory notes.
Yet, COURTS ARE SUPPOSED TO ENFORCE STANDING and compliance with established laws! Illegal, defective, fraudulent foreclosures are the cause of useless property deeds for real estate sales; title insurance companies refuse coverage on foreclosed properties –and more!
Further, after certain foreclosure auctions (via simulation) result in fraudulent – NOT LENDER ACQUISITIONS, by lawyers or straw buyers, the common scenario becomes property flipping, neighborhood blight, rodents, and so on!
*Sample of fraudulent foreclosure acts:
–Deliberately use defunct lenders, lenders without “standing” for false civil and bankruptcy foreclosure proceedings.
– Create and conceal malpractice foreclosure delays and engineer billable litigation.
– Orchestrate sham foreclosure auctions; property never acquired by lenders, but ‘straw buyers’
– Commit actionable wrongs (unfair debt collection, fraud, various torts) that create lawsuits
– Self-dealing foreclosures which certain lawyers themselves obtain foreclosed properties for flipping.
–Foreclosures naming defunct lenders, illegally recorded property deeds, flipping, blighted communities.
– Unconscionably create false deficiency judgments against property owners after straw buyers acquire homes for pennies on the dollar.
– Intentionally false BANKRUPTCY COURT “Motion to Lift” and “Proof of Claim” on behalf of non-existent lenders which conceals fact of “NON-SECURED” mortgage debt.
–Involved in fraudulent collection of property damage insurance, as well as mortgage-default insurance.
–Fraudulent foreclosures abet loss of property taxes to city revenue, rodents, vagrants
– Thousands of families made unlawfully homeless from null foreclosure proceedings.
Foreclosure lawyers are officers of the court. Lawyers are required to know applicable laws and civil procedure; this knowledge is not required from mortgage lenders, nor loan servicers. Lawyers are the ones who file those inadequate or questionable foreclosure which lead to useless property deeds and impediments to real estate sales; title insurance companies reluctance to cover foreclosed properties; mortgage default claims disputes due to defective foreclosures.
*MORE info: Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers
http://www.change.org/petitions/view/request_for_congressional_foreclosure_panel_to_examine_foreclosure_lawyers#
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
Fox <b>News</b> Channel marks nine full years as top-rated <b>news</b> channel <b>...</b>
Hal Boedeker of Orlando Sentinel is The TV Guy. Dishing on TV, the news and what everybody is talking about.
Neanderthals Enjoyed Home-Cooked Meals, Study Finds - AOL <b>News</b>
Even Neanderthals understood the value of a diverse diet. Researchers have identified strong evidence that the Neanderthal diet, previously thought to be almost exclusively meat-based, also included a nutritious portion of cooked ...
Fox Utterly Destroys Cable <b>News</b> Ratings Competition in 2010 <b>...</b>
The blowout comes on the heels on Fox News' surging 2009, when the News Corp.-owned channel posted its highest-rated year in the network's 13-year history. (Overall, cable news audiences were down across the board -- though FNC's ...
bench craft company scam
No comments:
Post a Comment