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Fannie Mae, Freddie Mac, And The Banksters Helping Shyster Lawyers
There’s just no stopping the reprehensible rip-off artists, the predators in government and banking. The beat goes on, and John and Jane Q. Public are on the receiving end of the beat down.
Despite all the news of new financial regulations, read that as toothless, benign and ineffectual to protect the public from the sordid practices of the cagey banksters, according to this exclusive article in the current issue of Mother Jones magazine, the government agencies, Freddie Mac and Fannie Mae along with the bailed out financial institutions are helping the hundreds of law firms around the country known as foreclosure mills, force people out of their homes. We know of one firm that does 30 thousand foreclosures a year.
Many who are being displaced are being wrongfully removed. Documents are being falsified by unethical legal representatives; judges are so overwhelmed by the number of foreclosure cases there is no time for judicial checks to verify the evidence presented is accurate.
If the name of the homeowner in default is similar to yours, even though you have no loan with the same bank or even if you do, and your mortgage payments are up to date or your home is paid off, you could be in for a world of trouble; it may be as troublesome as having your identity stolen. We’ve all heard what a monumental inconvenience that experience can be. Erroneous information of this type once sent to credit bureaus is real tough to have removed. It can be done. It just takes a long time. Read here for more details of how the government and the bankers are pushing citizens out of their homes.
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August 7th, 2010 at 11:41 pm
federal judges, FORECLOSURE MILLS, & Freddie Mac
In Louisiana (and probably in other States), Freddie Mac, Wells Fargo, Federal Court Judges, and Foreclosure Mill lawyers are engaged in various illegal foreclosure activities:
1) Foreclosure mill lawyers file into court records obfuscated money-making pleadings (summary judgments, etc) even when Freddie Mac is NOT party to the lawsuits. In so doing, those lawyers deceptively rake in billable $$$$ under pretext of representing Freddie Mac. Additionally, those mills facilitate use of Freddie Mac’s identity for purposes of causing litigations to become transferred (removed) from state court to federal court, when those lawsuits otherwise would remain in state due to lack of federal subject jurisdiction. Making this farce even worse is unjust “forum-shopped” federal courtrooms of which the federal judges know (it’s impossible to not know) those cases lack federal subject matter.
2) In blatant conflict of interest, some foreclosure mill lawyers obtain for themselves ownership of those properties; and these mills welcome litigation which adds billable fees. After their “simulated” property auctions, some mill lawyers actually bid and taken ownership of the properties, and then FLIP the property to Freddie Mac.
3) Wells Fargo (WF) benefits from real estate foreclosure schemes by filing false IRS (“acquisition”) form 1099-A’s, despite that WF never lawfully “acquired” some of those so-called foreclosed properties, which became foreclosed via either defunct mortgage lenders’ names or lenders’ names no longer own those notes.
4) See this foreclosure case filed under defunct Lehman Brothers as owner of the mortgage loan, while Wells Fargo also claimed ownership of that exact loan and sought the insurance proceeds for that Hurricane Katrina damaged property. (There are likely hundreds, thousands of such Katrina insurance incidences!) http://www.lawgrace.org/2008/09/14/lehman-brothers%E2%80%99-mortgage-troubles-nationally-evidence-of-foreclosure-fraud-deception-and-conspiracy-with-wells-fargo-deceptive-judicial-filings/
Foreclosure mills are being unjustly enriched, and lenders and courtrooms are abetting –and sometimes benefitting from these fraudulent foreclosure schemes.
MORE:
Illegal Foreclosures & Evictions, Appalling Lender / Lawyer Abuses…
http://newsblaze.com/story/20091011141440lawg.nb/topstory.html
Lack of Legal Help: One More Way the Deck Is Stacked Against Homeowners
http://www.huffingtonpost.com/arianna-huffington/lack-of-legal-help-one-mo_b_310353.html
OPEN LETTER TO PRESIDENT OBAMA on Foreclosure Crisis
http://www.pr-inside.com/open-letter-to-president-obama-on-foreclosure-crisis-r1505916.html