Burning down the house

posted by The Sailor @ 6:49 PM Permalink

Ya 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.

Now for your brain bleach:

Labels: bank of america, banksters, foreclosures