- Paperwork problems will generate a wave of lawsuits and investigations
The dimensions of the foreclosure crisis keep expanding. Lenders and loan servicers including JPMorgan Chase and Ally Financial are facing an explosion in homeowner lawsuits and state attorney general investigations of claims of falsified mortgage documents. Lawmakers in both houses of Congress have called for investigations. And procedural mistakes in the handling of mortgage documents have clouded titles establishing ownership of the homes, a problem that could plague both buyers and sellers for years. "This is going to become a hydra," says Peter J. Henning, a professor at Wayne State University Law School in Detroit. "You've got so many potential avenues of liability. You don't even know the parameters of this yet." ..
- This comes in from Matthew Weidner…
God help us all…
LISTEN TO THIS TERRIFYING 911 CALL – BANK BREAKING DOWN A DOOR!
The banks and institutions that now run this country are running absolutely wild and out of control.
They do not fear judges or law enforcement.
They do not fear any law.
They do not need permission to kick down your front door, steal what they want and throw everything else into the streets.
As one of the owners of a company who specializes in “securing” or “winterizing” properties was recently quoted in the Palm Beach Post said, “Lawsuits don’t phase us anymore.”
I WANT ALL OF AMERICA TO WATCH THE ATTACHED NEWS STORY AND LISTEN TO ALL TEN MINUTES OF THE ATTACHED 911 PHONE CALL.
HEAR THE TERROR IN THIS WOMAN’S VOICE.
THIS WOMAN WAS NOT IN FORECLOSURE.
THIS WOMAN’S HOME WAS IN PERFECT, PRISTINE CONDITION.
SHE WAS RELAXING COMFORTABLY ON HER COUCH WHEN A BURGLAR CAME KICKING DOWN HER DOOR.
IT WAS A BURGLAR HIRED BY THE BANK BREAKING DOWN HER DOOR.
WATCH THE VIDEO BELOW
Do see news clip here: http://www.wftv.com/video/25278100/index.html?taf=orlc and LINK – LISTEN TO THE FULL 911 PHONE CALL HERE
Also see: Reality Check On The Foreclosure Mess In The Housing Market
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