The Big Lie - Foreclosure issues resolved

The current administration is revisiting the so called "Foreclosure Settlement"

* First....consider the settlement that the Obama Administration is now beginning to trumpet as one of its greatest achievements. This is the joint forty-nine state & federal settlement wherein the banks claim to eventually settle...by paying a  paltry $25 billion. (the 'headline number' provided by the White House) Not only is this a completely "disingenuous" claim, but it was systematically and totally dismantled by Yves Smith of Naked Capitalism (Top ranked financial blog).

In reality, and with maybe... a mere $5 billion (moved around on their books), the five criminal banks were released from ALL STATE lawsuits stemming from the massive and systemic fraud that went into the origination and servicing of housing loans throughout the bubble and into the crash. For this paltry sum, the banks were released from all liability stemming from a decade-long-run of illicit activities that fleeced millions of customers and inflated a bubble that eventually destroyed the economy of the United States and much of the world. Now, you might ask, to what did the five large banks, party to the settlement (Bank of America, Wells-Fargo, Morgan Stanley, Citibank, and Ally Bank) agree to do in exchange for this wonderful bounty of sweeping immunity? They committed themselves, after much dodging and wrangling, to follow the law of the land! (Are you serious ! Really!) Specifically, they promised to stop engaging in fraudulent foreclosure practices. That is harsh! (sarcasm!)

Consider the massive evidence of FRAUD -- besides the reams of paper and court documents, this includes the many witnesses who have spoken to the media, written testimonials or books, already testified in court on related matters, etc. Then, consider even this partial list of crimes to be investigated. Accounting fraud screams out for action under Sarbanes-Oxley; loan origination fraud (including, by 2006, almost universal appraisal fraud); the robo-signing, forgeries, and post-dating of documents that for years were routinely submitted to courts during legal proceedings; the myriad of tax avoidance scams and lost paperwork that were a core feature of the mortgage electronic registration systems; the deliberate misrepresentation in the "Warrants and Reps" attached to the packaging and sale of mortgage-backed securities and derivatives thereof; and on and on it goes. (I should add that, coincidentally, soon after this settlement was signed, several states inexplicably dropped or settled what were very promising criminal investigations.)

But, let us be fair, the Administration got more than that (exaggeration !) Contingent on their meeting a number of criteria, families found to have lost their home through fraudulent actions taken by one of these five gigantic loan servicers were to be eligible to receive $1,500 to $2,000! Now, I cannot speak for you. But if, as a consequence of fraud or negligence on the part of a major bank, I lost my home and as a consequence also lost my credit rating, neighborhood, dignity, and the ability of any children I might have to remain in the schools and with the teachers with whom they were familiar, I would be very angry. If, years later, I got a check for $2,000, such a paltry payment for all that I had lost would strike me as only one more of a long line of humiliations. Some real personal homeowner humiliations are shared below



Apparently, Obama's campaign managers believe that reminding voters listeners of this most awful settlement, one that so clearly defines and encapsulates everything that is so wrong about the Administration's approach to disciplining fraudulent financial institutions, is their best strategy for convincing voters that things would be so much worse under a Romney Administration

 * Excerpts above ....come from a brilliant HuffingtonPost Blog by Robert Prasch titled:

The Obama Administration, the 49 State Mortgage Settlement, and the Spin: A Study in Shamelessness (HERE)

Related post:  Home is Where the Vote Is  (HERE)

.

Shocking Maps of USA Housing Misery (Foreclosure)

Pictures are Worth a Thousand Words

March 2007 - USA Map of MORTGAGES 30+ days delinquent or in Foreclosure

                     

March 2012 - USA Map of MORTGAGES 30+ days delinquent or in Foreclosure

                  

Although distressed mortgages were said to have peaked in 2010, a majority of these delinquencies & foreclosures were isolated to just a few states. Now (March 2012) it is painfully obvious that large regions of the country are suffering according to a 38 page report * from the Federal Reserve Bank of St. Louis.
*Report by James Bullard, President & CEO, FRB-St. Louis

Picture of current recovery....courtesy of Calculated Risk Blog (HERE)

More "distress" to come as previously reported:

Drowning in Debt - Underwater Mortgages - Next Crisis

AND

USA - FORECLOSED and BLIGHTED

More Honest Housing Assessments:
Michael Olenick: Beware of Housing Market Cheerleading (NAR ,NAR or WSJ)

Robert Reich: Housing is the rotting core of US Recovery

The biggest continuing problem for most Americans is their homes. Purchases of new homes are down 77% from their 2005 peak ... home sales overall are still dropping and prices are still falling.....
Houses are the major assets of the middle class. Most Americans are therefore far poorer than they were six years ago. Almost one out of three homeowners with a mortgage is now “underwater”, owing more to the banks than their homes are worth on the market.
Optimists point to declining home inventories in relation to sales, but they are looking at an illusion. Those supposed inventories do not include about 5 million housing units with delinquent mortgages or those in foreclosure, which will soon be added to the pile. Nor do they include approximately 3 million housing units that stand vacant – foreclosed upon - but not yet listed for sale, or vacant homes that owners have pulled off the market because they can’t get a decent price for them.
.

MLS tells WELLS FARGO: "Stop Deceiving"

WELLS FARGO was caught lying to deceiving the Multiple Listing Services (MLS) in order to help sell (unload) "Bank-Owned" stolen properties. However, after being exposed caught

WELLS FARGO has been told to immediately STOP this fraudulent listing practice.

(photo courtesy of Huffingtonpost)

You see, Wells REO properties, usually obtained by FRAUDclosure, needed to have a better sounding name, in order to unload them, from their Foreclosed Real Estate portfolio.

For Sale: WELLS FARGO BANK OWNED FORECLOSED REAL ESTATE (REO)
That just isn't sexy sounding. So Realtors, listing these blighted-empty-foreclosed properties, were being asked to LIE and disguise Wells Fargo fraudulently obtained title and ownership.

Who caught them...lying?  Was it the Florida Courts?...NO..
How about the great Florida Attorney General - Pam BLondiE?....NO..
Was it one of our Government Agencies?...NO..
Maybe the NEW Consumer Financial Protective Bureau (CFPB) ...well ...NO...again

Instead it was none other than the fine reporter Alexandra Clough who writes about real estate & the law for the Palm Beach Post. Her Sunday article (below) exposed the FRAUD

 Agents advised to keep 'bank-owned' quiet

We've excerpted a few salient quotes (lies) from the Wells spokesperson below:

(Wells Fargo "Bank Speak" Action Figure with Moving Mouth)

Tyler Smith- V. P. of REO Community Development for Wells Premier Asset Services:

"Obviously, at first blush it looks like we're trying to hide behind something and a game is being played, but we have the interest of the community (only the bank), to preserve the property and stabilize the neighborhood"

Translation: We're gaming the MLS system to cover our destruction of your neighborhoods

[T]here is a negative connotation about bank-owned property, especially the property's condition. We want to change the perception."

Translation: We don't want them to know we stole it...so we need to disguise it

"If a buyer wishes to put a contract on a bank-owned home, then it will become clear through paperwork the property is a foreclosure, and any defects or repairs can be corrected or reflected in the sales price."

Translation: Like Robo-signed paperwork, we can create, correct, or have it say...anything

[M]ost banks for some time have made it clear to agents {if they want the business} they {Wells Fargo}don't want the words "bank owned" {showing} in the MLS {listing}. [But] only recently has Wells Fargo begun to review the listings to ensure agents are complying with its preference {to deceive and hide the ownership}. Tyler Smith said he "understand the frustration that some agents have with the bank's preference for trying to hide its ownership on the MLS."

Translation: Listen up agents - Lie, deceive, whatever ...just get someone to buy the house.

BOMBSHELL - IMMEDIATE CHANGES DUE TO EXPOSURE OF THIS FRAUD

Starting today, MLS real estate MUST disclose bank ownership

Starting today, a service used by real estate agents to list homes for sale {MLS} will require that agents disclose whether a bank owns the property.The change comes two days after The Palm Beach Post reported that some banks, including Wells Fargo, tell real estate agents not to disclose the bank's ownership on the Multiple Listing Service. Some agents who sell bank-owned property privately said they feared losing business if they went against the wishes of the banks.

The {Florida} state Department of Business and Professional Regulation prohibits misrepresentation and concealment by real estate agents, but it does not specifically address bank-owned properties, said Sandi Copes Poreda, director of communications. {and Pam Bondi would never do anything that would make the Banks - follow the law) But Craig Fialkowski of Realty Elite of the Palm Beaches in Wellington {clearly stated what Bondi and the AG office cannot fathom}he called hiding the ownership on MLS "unconscionable {and}there is absolutely no reason a seller should authorize (an agent) not to disclose material facts pertinent to the buyer's interest in the property."

Nice job Alexandra - by shining the light on the FRAUD, you've brought about change

MORE of WELLS FARGO deceitful and un-trust worthy behaviour:

Martin Andelman:
Wells Fargo you've deceived, confused, and beaten....a senior citizen
Wells Fargo Insider: The independent Foreclosure review for OCC "IS A SHAM"

Abigail Field: Wells Fargo Servicer Driven Foreclosure
Is Stumpfs company Vicious & Incompetent OR vicious & Greedy ?

At a slightly deeper layer, the idea that Wells’s word can’t be trusted because it’s not in writing is offensive because Wells has executed all kinds of writings can’t be trusted. For example, Wells files documents that say: hey, look, we know we said in earlier filings that this mortgage was paid off, but psyche! it wasn’t. (Examples here and here; to understand why these matter so much, consider the Reuters story I mentioned earlier.)

The servicer {Wells Fargo} brazenness can’t be overstated. Check out what fraudclosure fighter and activist LISA EPSTEIN documented: the servicer is charging investors in a mortgage backed security fees for loans that don’t exist any more; they’ve been paid off or the houses foreclosed and sold to third parties
Wells Fargo and Credit Bureaus SUED FOR DECEIT (story of 9-3-2011)

Enhanced Online News: Wells Fargo Sued over excessive mortgage default fees

Wells PAYS $ 85 Million to "settle" mortgage abuse lawsuit: (Huffingtonpost story)
Wells Fargo & Co. has agreed to pay $85 million to settle civil charges that it falsified loan documents and pushed borrowers toward subprime mortgages with higher interest rates during the housing boom. The fine is the largest ever imposed by the Federal Reserve in a consumer-enforcement case.

16 Year FRAUDclosure warrior (Davet) continues FIGHT

OHIO FRAUDclosure  - Guest Post - by Jack Wright

Mr Jack Wright provides homeowners one of the best and most informative web-sites to research, study, and discuss FRAUDclosure. The web-site (MSFRAUD) even has a forum in which readers can interact and connect with others similarly situated. Along with a "legal lounge" and video links the site has an armament of other tools to assist in the battle against the FRAUDclosure machine.

RELATED UPDATE: 2-29-12  Ohio Supreme Court Denies "Reconsideration" request
In a separate "Pro-Se" brief submitted on 9-1-2011 (HERE) Mr Davet asked the high court justices to review and reconsider the [Dismissal] action of the 8th Appellate court (decision of June 7th 2011). It is from this Appellate Court ruling that Mr Davet asked for an a) en banc consideration, b) reconsideration and to c) certify a conflict (citing exact same circumstances that court accepted to certify a conflict in US Bank v Duvall. Sadly, this ruling seeks to cover-up bad decisions and conflicted case law. This magnifies the injustice suffered by one of America's original FRAUDclosure victims.

Mr Wright shared his "Must Read" article (linked at bottom)  in which he details one of the nations first (if not the original) victims of FRAUDclosure. The in depth story of OHIO "Hero" Richard Davet is linked below. We've excerpted a few salient points.

In 2007 Ohio Judge Christopher Boyko so eloquently stated in his now famous Opinion:

“The {Banks, Loan Servicers, and Predator Drone foreclosure mill} institutions seem to adopt the attitude that since they have been doing this for so long, unchallenged, this practice equates with legal compliance. Finally put to the test, their weak legal arguments compel the Court to stop them at the gate.”

This week, Ohio’s 8^th District Court of Appeals heard oral arguments in what must be one of the most disturbing foreclosure cases in the nation’s history.  It is the case of Richard Davet, ...{which} should have been dismissed with the bank’s 1996 filing.  Subsequent Ohio case law agrees. [But}, Instead of dismissing the complaint, the 1996 court somehow granted judgment to Bank of America after it was already established they were not the real party, and therefore the court was without jurisdiction to render judgment.  Since then, {16 years} Davet has been stuck inside a judicial treadmill, and for reasons that many consider highly suspect, the seemingly influenced Ohio courts have vigorously refused to release Davet from the injustice of its own void ab initio {improper horrible} judgment. 

Ohio’s judiciary does not have a highly-regarded history like Massachusetts, which is poised to rule (as soon as this month) on a foreclosure case {Eaton v. Fannie Mae} that could justly lead to a surge in claims from home owners seeking to overturn unlawful seizures. But Ohio has shown promise during Davet’s ordeal with widely-cited foreclosure opinions such as:

Wells Fargo v. Jordan,

Wells Fargo v. Byrd and

Deutsche Bank v. Triplett

-     [A]ll fit squarely within the four corners of Davet’s (and many Ohio litigants}case(s) and support vacating the void ab initio judgment: 

"if plaintiff has offered no evidence that it owned the note and mortgage when the complaint was filed, it would not be entitled to judgment as a matter of law"

and 

“in a foreclosure action, a bank that was not the mortgagee when suit was filed cannot cure its lack of standing by subsequently obtaining an interest in the mortgage.”

The Wells V. Jordan opinion also states:

“Several judges have held that a complaint must be dismissed if the Plaintiff cannot prove that it owned the note and mortgage on the date the complaint was filed.”

These IDENTICAL issue were before the Supreme Court of OHIO in Landmark:

US BANK v DUVALL

However the tainted result of that decision created an even bigger legal mess - which has been twisted in to a new certified conflict  - in the case now before the High Court captioned:

FEDERAL HOME LOAN Corp.(Freddie Mac) v SCHWARTZWALD

The case is set for "Oral Argument" before OHIO's highest court on April 4, 2012 and will be handled by outstanding Foreclosure Defense attorney - Andrew Engel
OHIO FRAUDclosure has submitted an Amicus Curiae brief {on behalf of Ohio Homeowners and in support of Schwartzwald} through Attorney Bruce Broyles a brilliant Foreclosure Defense specialist.

How Will Ohio Address Its Wrongful Foreclosure Problem?

What would the condition of {OHIO and} Cleveland be today if its courts had taken a proactive approach to tainted foreclosures when it first noticed the problem in 1996?  Will the court now take results of recent studies, surveys and audits into consideration?  Or will they continue aiding in the conspiracy {and crime} of concealment?  
PLEASE READ JACK WRIGHTS:
OHIO Courts' reluctance to ADMIT FRAUD causes 16 years of foreclosure litigation

US Bank V Duvall - Who really paid the mortgage?

You remember OHIO's Landmark Case
U.S. Bank v. Duvall: (Brief Case History below)
First a Cuyahoga County Civil Court (Cleveland) then an Ohio District Appellate court (8th) dismissed this case.... because US Bank (as trustee) hadn’t proved it owned the note and mortgage BEFORE it filed the foreclosure complaint. A third attempt was made by asking the Supreme Court to reconsider the Appellate Courts decision. That too ...was declined. In a final desperate attempt to change existing law, the Predator Drone Foreclosure Mill law firm found some Pro-Se defended cases where the appellate courts had misinterpreted or misapplied Ohio Law. US Bank used these poorly decided cases and requested the Supreme Court of Ohio ...to certify a conflict.... of Ohio Law.

Attorney Gary Cook and Antoine Duvall

 Photo appears courtesy of Ohio Public Radio Station WCPN 90.3, Mhari Saito, NPR (ideastream)

But as the case received more exposure ...it became apparent....the FRAUD was going to be exposed (transfer & assignment of mortgage) ...or worse....have OHIO's highest court..... realise..... the NOTE was never properly or legally transferred to the TRUST. So the easiest and best solution - pay it off and cover up the fraud. Then simply ask the court to dismiss this case ....
So after initially "Certifying a Conflict" as a way to get this case heard by the court ....the ending (DISMISSAL) from Ohio's Supreme Court... was short and simple:

...........Upon consideration of appellees' Notice of Suggestion of Mootness, IT IS ORDERED by the Court, that this case is DISMISSED as MOOT........(Right Click HERE & open in a new tab )

HOW had DUVALL's three year legal battle......suddenly become MOOT ???
How was the "CASE of the CENTURY" .....suddenly and quietly dismissed ???
Well it appears that Wells Fargo and US Bank decided to satisfy (pay in FULL) the Duvall mortgage once they realised that this case would be scrutinized at the highest Level (and all the Fraud Exposed) See a copy of the suddenly satisfied mortgage ! 
This outraged our FL. friend - His commentary & blog on this Landmark Ohio Case

"CASH REGISTER JUSTICE" (by Outstanding Florida Attorney Matt Weidner)

…..”The banks just cannot allow major decisions to be reported. The banks will not allow the probing light of justice and truth to shine on what they are doing….so anytime they get backed into a corner with a bad case, they simply pay the mortgage off and walk away….calculating, cold and swift….like a predator drone strike….at the heart of our Constitutional Rights. And just think about the profound impact of having major cases just disappear from high court dockets”………

(Matt coined the phrase - ROBO-SIGNING - and helped expose this fraudulent practice and raise awareness on this issue .....to a national level)

NOW THE SHOCKING and DETAILED EXPLANATION
FULL REPORT and the UNVEILING of the FRAUD
Exclusive from our friends Lisa (Foreclosure Hamlet) & Mike (4closurefraud) and
Lynn Szymoniak (Fraud Digest)

Mr. Duvall’s case went all the way up to the Ohio Supreme Court, where the fraudclosing entity realized the weakness of their position and the possibility of a state Supreme Court issuing a decision that would prevent fraudclosures across Ohio. The fraudclosing bank {US Bank using Wells Fargo Servicing} and their {Predator Drone}Foreclosure mill attorneys {Thompson - Hine} knew they were caught with fabricated, fraudulent real estate documents. They were concerned that, under the scrutiny of Ohio Supreme Court judges, there would be a little problem with the lack of authentic, valid, legal proof of their right to foreclose. In order to moot the case, US Bank as Trustee and/or their fruadclosure mill offered a settlement that was too good to refuse which included the wiping out of the mortgage with a satisfaction recorded in the public records. Both parties informed the Ohio Supreme Court of their desire to drop the case. The Ohio Justices allowed the case to be dropped.

So just like Florida's Pino case (reported yesterday), banks will go to great lengths to avoid facing a court populated by a majority of judges who may not be bank-puppets. Of course, it’s becoming more and more known (even to judges) that widespread securtization fail (lack of proper, legal, contractual conveyance of mortgages and notes) was one of the stops on the way to millions of fraudclosures (fabrication of real estate documents & fraud upon American courts to cover-up for securitization fail).

The investors were notified in a timely manner of the….ahem…."liquidation” of this “asset” but boy…oh….boy did they take a loss on this one.

Let’s break it down shall we?
Trust: US Bank as Trustee for Citigroup Mortgage Loan Trust Inc. Asset-Backed Pass-Through Certificates, Series 2007-WFHE2
Servicer: Wells Fargo
Securitization Fail/Fraudclosure clues: Two Fraudulent assignments of mortgage,
one fabricated in 2008 (South Carolina Wells Fargo document signer Anita Antonelli )
one fabricated in 2011 (Minnesota Wells Fargo document signer Scott Heurkins)
Original mortgage: $90,000
The June 2011 report (page 16) shows Mr. Duvall’s loan (# 0157265091)
as incurring a loss of  $124,595.99. 
Broken down as $88,511.78 in principal losses and $36,084.21 ("delinquent interest")

It shows this loss as a hit to the investors to the tune of 140.768 %. 
Total loss to MBS investors (remember this might be your or your loved ones’ retirement funds or your county’s funds for making payroll to public employees)? $124,463.99

Think a moratorium on fraudclosures is warranted so we can investigate these newly uncovered layers of fraud and come up with sustainable solutions for families and investors while indicting the financial criminals? Maybe if we insist and demand this now we can save both American families and our retirement/pensions/municipality investments from continued harm

READ the rest of the report with exhibits (HERE)

Marcy Kaptur - Homeowner Hero

Marcy Kaptur - Homeowner Hero

Marcy Kaptur (Ohio) is the longest-serving Democratic congresswoman in U.S. history. Her district, stretching along the shore of Lake Erie from west of Cleveland to Toledo, faces an epidemic of home foreclosures and high unemployment. This "Ohio Heartland" region, AKA the Rust Belt, had its heart torn out by the North American Free Trade Agreement (NAFTA), and is now burdened with shuttered factories, struggling farms, empty homes, and high foreclosure rates. In JANUARY 2009 (3 years ago!) Marcy recommended a solution to stop the FRAUDclosures... from the U.S. Congress floor, she said:

"I say to the American people, you be squatters in your own homes. Don't you leave"

JANUARY 2012 - MUST WATCH - Rachel Maddow (features Marcy beginning at :33 seconds)


Related Links (Below) referenced in the Maddow segment above:
Ohio Fraudclosure Blog:  DOJ, SEC, HUD, and AG Holder to investigate FRAUD !!

Bloomberg:  Banks Lose Pivotal Foreclosure Case in Massachusetts High Court

Reuters:  The MA Ibanez case and housing-market catastrophe risk

Related lvrj:  Nevada Supreme Court takes up foreclosure case

February 2009 Kaptur:*
"Therefore, stay in your property. Get proper legal representation ... [if] Wall Street cannot produce the deed nor the mortgage audit trail ... you should stay in your home. It is your castle. It's more than a piece of property. ... Most people don't even think about getting representation, because they get a piece of paper from the bank, and they go, 'Oh, it's the bank,' and they become fearful, rather than saying: 'This is contract law. The mortgage is a contract. I am one party. There is another party. What are my legal rights under the law as a property owner?' "If you look at the bad paper, if you look at where there's trouble, 95 to 98 percent of the paper really has moved to five institutions: JPMorgan Chase, Bank of America, Wachovia, Citigroup and HSBC. They have this country held by the neck."

February 3, 2010: C-Span - "This is unacceptable" - underwater homeowners



November 23, 2010 - Dylan Ratigan Show - MERS FRAUDclosure unveiled

Related: MERS on Life Support - legal rasping - Death is near

2008:
Voice of Americans - Kaptur grills Sec. Treasury Tim Geithner during AIG Hearing and properly exposes and reveals Tim Geithner's relationship with Goldman Sachs


MARCY KAPTUR: 

This brave OHIO congresswoman continues to fight for homeowners and introduced (July 2011)  and submitted HOUSE RESOLUTION 344 to the House Financial Services Committee. The resolution calls on President Obama to declare "a national residential mortgage foreclosure emergency" and encourages individual states - to enact the moratorium
Mary Kaptur: HOME PAGE

Contact: Washington, DC Office 2186 Rayburn Bldg. Washington, DC 20515 Tel : (202) 225-4146 Fax: (202) 225-7711

Ohio Office One Maritime Plaza - Sixth Floor Toledo, OH 43604 (800) 964-4699 - Tel: (419) 259-7500 Fax: (419) 255-9623

1/23/2012 - Letter to the president - Stop the foreclosures

AMERICANS - Tell Obama & Attorney Generals - NO !!!

Hey OBAMA ! ...Remember Us?....Remember CHANGE?
NO DEALS with the Banks - NO Deals with WALL STREET
NO Sell-Out by encouraging the bogus Attorney General Settlement


What is Old... is New again....
NEW VERSION: (Eloquently Delived by ladies below) On January 19th, 2012, Many events were held across America with strong turnouts. The message: simply asking President Obama to Stand with the American People (that elected him) and "Investigate the Banks" involved in FRAUDclosure. Yes the same ones that caused the finacial crisis.
Mr President - The American people don't want a FRAUDclosure Deal (pay-off) packaged by the remaining (and morally weak) State Attorney Generals. We especially DO NOT want a deal being rammed through... simply so you have a "sound-bite" for the State Of The Union speech.

Mr President are you listening? To any of Us?
In case you missed it...hear it directly from the two ladies below



OLD VERSION: (of the settlement attempt)
It was over a year ago that "A Deal" was in the making until that darn Robo-Signing scandal (FRAUD) gummed up the quick pay-off attempt by Big Banks and their Servicers. Remember when Richard Cordray was the OHIO Attorney General (Now head of CFPB) and.....well.....watch the video from JAN. 2010
Shocking Video from one year ago of attempt to "Sell" the AG Deal ...to allow FRAUD


Sign Petitions:

BREAKING: President Obama announced that our friend Eric Schneiderman, New York's progressive Attorney General, will lead a new Special Unit to prosecute Wall Street illegality.

Sign the statement below letting Schneiderman know that if he jails Wall Street lawbreakers, the American people have his back.

......"Wall Street bankers should be fully investigated for their role in wrecking our economy. And Wall Street bankers who broke the law must go to jail." (SIGN HERE)....

and
Tell the President to TAKE ACTION by signing the petition HERE.

New Bottom Line: "Investigate the Wall Street Banks!!!"
Call the White House or Obama For America:
Call: The White House at (202) 456-1111
Call: Obama for America at (312) 698-3670
Here’s an example of what you can say when you call:

“Hi, my name is ________, and I am calling from [STATE]. I’m calling to ask President Obama to Stand up for Homeowners and hold Wall Street accountable. There MUST be a full investigation into the big banks BEFORE any settlement is reached.

Sweetheart Deal: White House poised to let big banks off easy for foreclosure crimes

Thanks for your action - Ian, Tracy, Ilana -  The New Bottom Line coalition

THEY ARE COMING !!! Are you next ???

THEY ARE COMING
What you are about to see ......REALLY HAPPENED
Listen, Witness and Experience....the inhumane side of EVICTION
Will they come again....for this family? Will they steal their home?
Will they come ….when no one is watching? Next time....will they come....for you?   


A land once filled with promises...Where the American Dream was a family’s home,
has now become the land of broken promises and shattered dreams.
Sounds of children crying ....haunt parents ....who find it hard to sleep...
Everyone......waiting.... for the next knock or pounding....on the front door. 
  
Communities are being destroyed, as families disappear into the night.
This will leave heavy scars on the very fabric of our nation.
These wounds are so deep…it will take a generation...or two....to heal. 
3,000 ....EVICTIONS.... EVERY SINGLE DAY of the YEAR.  
Maybe not today, or tomorrow, but ......THEY ARE COMING

They come......often with little or no warning.
Fannie and Freddie stopped foreclosing for the holidays, but only for a brief moment,
they did not stop....out of the goodness of their hearts.
They paused, so no one witnesses THE HORRORS OF THEIR ACTS AT CHRISTMAS.

 

January 3rd is coming and the daily mass evictions need to be ramped back up....again

THEY ARE COMING 
This family, like thousands before them, are re-living the nightmare,
The Pounding....The Police...The Noise ....it will not go away
Their Christmas Joy and Holiday fun are replaced by fear...as they hang on....each day 

THEY ARE COMING....again.....beginning JANUARY 3rd, 2012.
THEY ARE COMING....to your city....your state ....and
THEY ARE COMING..........FOR YOU

Please email, link, facebook or twitter this video  - share through any social media
We must......get the message out...and....
WE MUST STOP THIS INDIGNITY
WE MUST STOP THIS CRIME
WE MUST STOP THIS EVICTION and FRAUDCLOSURE AGAINST THIS FAMILY

National Blog recognizes OhioFRAUDclosure (Mandelman Matters - HERE)

If you would like to make a difference & help change.....these eviction nightmares
Please visit and follow-up at:
Ohio FRAUDclosure  and at Mandelman Matters
ohiofraudclosure@gmail.com and at  mandelman@mac.com

Other Websites: 4closureFraud.org and ForeclosureHamlet.org
Thank you Martin (at Mandelman Matters) for strength & guidance for this post

 Homeowners in Chicago and Cleveland STOPPED EVICTIONS...in the 1930s
Are we approaching a point in time - where homeowners "Rise Up" AGAIN??
RACHEL MADDOW SHOW......OCCUPY OUR HOMES........

A growing number of homeowners & supporters are standing up to the banks 

 I will:

Resist attempts by the FRAUDsters (banks & servicers) to "steal" our homes. 

Take necessary action(s) to Support American Homeowners.

If they attempt to foreclose, I will not go

If they attempt to evict, I will not go

If they attempt to Steal my neighbors home, I will stand in solidarity with them

I will:

- sign petitions

- make phone calls

- contact caring - local and national organizations

- join efforts of local and national organizations that help with foreclosure defense & to help stop evictions

- help spread the word

TAKE THE PLEDGE: IN DEFENSE of AMERICAN HOMEOWNERS: (CLICK HERE)

ENJOY THE HOLIDAYS ??

                      Enjoy the Holidays..........until.............??????

                          EVICTIONS RESUME JANUARY 3rd

National Blog recognizes: OhioFRAUDclosure (Mandelman Matters - HERE)

A MERSY CHRISTMAS

It will be right after Christmas, and they’ll still take your house
That Predator Drone - Lerner Sampson Rothfuss
Their documents were strung together without care,
Have a missing assignment? LPS will be there!

The attorneys said “We’ve put our problems to bed”
As fraudclosure whistleblowers were turning up dead.
There’s Biden in Delaware, and Martha in Mass.,
Who finally said, “Let’s kick bankster axx!”

There’s Miller in Iowa who’s leading the chatter,
“Millions of foreclosures? Hey, what’s the matter?”
Amnesty for the banks who started this crash,
For a slap on the wrist and a wee bit of cash.

And soon we will see it was all just a show,
They’ll be working on tans with friend Angelo.
“Trash Out” companies break into homes without fear,
It’s a civil matter and the cops won’t appear.

They’ll doctor the proof to steal your home free and clear,
With forged notes backdated five years!
A VP with a short name will do the trick,
Boy! That Linda Green can sure sign ’em quick!

More rapid than a machine she signed her name,
And under deposition the rest of them came.
Sign Linda! Sign Crystal! Christine and Bryan!
Sign Stephan, Sign Hoye, Thomas and Samons!

We’ll pay you more than you can make at the mall,
Now sign away, sign away, sign away all!
You can apply for a loan mod but it surely won’t fly,
You’ll be met with obstacles that reach to the sky!

So short sale your house, sign a deed in lieu,
Or we’ll do what is necessary to take it from you!
In rocket-docket court the homeowner bears the burden of proof,
Ninety seconds to save your home and then it’s gone – poof!

                                               the rest of the holiday poem  (HERE)

Original Poem (without two line edit & embedded links) Courtesy of our friends at 4closurefraud.org

HO, HO, HOmeless!

A SHOCKING "look-back" from  Mandelman Matters

.......A father of three stands in the shadows made by the tree in the front yard of his home of 14 years.  It’s 2:30 AM.  He’s wearing a tee shirt and boxer shorts. The wind is audible and cold.  His eyes fixate on the flower box he built his first year as a homeowner.  His stare moves to the driveway… his driveway… and remembers pitching underhand to his youngest son.  He had thought they would live in this house forever.  He absent-mindedly scratches his chest with the barrel of the .38 Smith & Wesson Super he’s holding in his hand.  He wonders if insurance policies pay off after suicide.

........A mother is on the phone first thing one morning.  She reads my column on-line.  She calls to tell me that her son, 41 years old, hung himself in the basement of his home last night.  She found him yesterday morning.  He had been laid off and out of work for nine months. He tried to convince his bank to modify his mortgage since then.  Went through his savings.  Started spending hers. Her voice shakes.  “Now,” she says, “the bank will finally get what they’ve wanted all along… his house.”

Huge Pay & Bonuses for Fannie & Freddie Executives! Cover-up attempted by using Holiday eviction delays

In an attempt to "cover-up" the insidious and outrageous bonuses they had planned to award themselves, a Fannie Mae insider was told to leak word that a "goodwill announcement" (press release) is imminent. This Holiday Goodwill is purported to be a two week (Dec 19th - Jan 2nd) "temporary suspension" of scheduled foreclosure evictions. It's intended to show the companies compassion, for homeowners, during the 2011 December Holiday season.   REALLY?...Compassion? Homeowners - expect the below 2011 Holiday Greeting Card.

The timing of this hollow & bogus gesture coming from the collapsed and failed Fannie Mae should cause OUTRAGE to all homeowners. It will surely be followed, by a similar announcement, from the other step-child, also in government foster care - Freddie Mac. The planned Holiday Announcement (yet to be made) was originally scheduled to be released two weeks ago and was supposed to give an additional 3-day eviction reprieve and encompass the Thanksgiving Holiday period of Wednesday Nov. 23rd - Friday Nov. 25th.
I can only imagine the excitement that would have been expressed by many homeowners. Something like..."Wow...your kidding...a whole 3-days...what a life-saver!"

Art Work by Pete Graff

However, after their outrageous pay and bonuses were made public, it was decided to temporarily delay the phony announcement good news about the 3-day Turkey eviction reprieves. Instead the top 2 executives heading the seized housing fiance giants were dragged "up the hill" (to Washington) and forced to explain, to members of a Congressional committee, why they deserved a combined $12 MILLION in salary and bonuses for 2011. Yes, you read it right, theses two axxholes (below) want a mere.... $12 million for 2011.
            Photo Courtesy of LATimes
12 Executives at the 2 firms received roughly $35.4 Million in salary and bonuses in 2009 & 2010. Fannie CEO - Michael J Williams reaped $9.3 Million in 2009 and 2010
Freddie CEO - Edward Halderman Jr. was paid $7.8 million in 2009 and 2010. Apparently that type of income was not enough, and all this "came to light" and was further exposed when Fannie & Freddie asked US taxpayers to ante up another $13.8 BILLION to cover losses for their 3rd quarter (July 2011-Sept 2011) mismanagement. These two companies, owned by you and me, continue to act as "mortgage garbage cans" for the large banks. The Too Big To Fail (TBTF) banks repeatedly sell their bad and non-performing loans to Fannie & Freddie in order to clean-up their balance sheets and "Dump the Debt" onto the backs of hardworking Americans. To date - U.S. Taxpayers were forced gave about $169 BILLION Dollars to rescue Fannie and Freddie. They have easily been the most expensive bailouts of the 2008 financial crisis and keep hemorrhaging massive amounts of money. The government "cost estimates" to maintain these two trash barrels, along with the high-priced executive payrolls, could reach $220 billion ...and that guesstimate is to support them...only through year 2014!

Even more amazing - watching these "tone deaf" executives attempt to JUSTIFY - under oath - their insane compensation. (C-span testimony below) It is truly - Sickening to watch
Listen to U.S. Representative Elijah Cummings (MD) at 34:15 point
Listen to OHIO Representative Dennis Kucinich beginning at the 50:01 point
WARNING: Watching may cause nausea and vomiting....or temporary turrets syndrome.

Regardless of the outcome, of the congressional review, be looking for the 2011 bogus PR announcements from Fannie & Freddie along with other carefully crafted statements from all the Big Banks gifting Holiday Goodwill. 

Below is an Actual Statement Released by Fannie Mae President & CEO Michael J. Williams on December 17, 2009 when announcing that evictions would be suspended for a 14 day period (Sat Dec 19, 2009-Sun Jan 3, 2010) of which 8 days were either a holiday or weekend.

"No family should have to face the prospect of being evicted during the Holiday Season"

Williams efforts to make a short eviction reprieve appear as "A Gift" is really an effort to disguise and deceive. In fact, the Holidays are simply an untimely delay to execution of the eviction process, which is usually dumped on local law enforcement. They (police) don’t want to be the “bad guys” or to be seen as throwing families "out on the street" during the Holidays. These bogus announcements, as Holiday eviction delays, are simply giant orchestrated PR moves "spoon-fed" to the media COVERING UP the on-going FRAUDclosures & Evictions that happen 3,000 times every single day. Well...except ...you know... not during the soon to be announced... Holiday Eviction Delay

And stay tuned....as we will be posting these ridiculous PR statements... as they're released by the two government wards (Fannie & Freddie) and the various other criminal enterprises banks and lenders.

OccupyWallStreet leaders had seen enough and released information for a Day of Action

Breaking News - Foreclosure Crisis Solved

OK - I admit - the headline is a stretch .....but at least I have your attention. Look everyone... we've been in this FRAUDclosure Mess for about 4 years now and sadly nothing has changed! We've tried to expose the outrageous and illegal behavior exhibited by the all the "banksters." We've tried to show the Asleep-At-The-Wheel government entities..... from the White House.....to the courthouse...to the outhouse!! Yet - Nothing changes.

Today, I decided the best course of action is to let a couple "Einsteins" tackle the subject. These two outstanding writers Martin Andelman & Abigail Field have uncovered the "dirty little secret" about this whole foreclosure mess and ....IT WAS NOT CAUSED BY............IRRESPONSIBLE BORROWERS !!!



IRRESPONSIBLE BORROWERS

The IRRESPONSIBLE BORROWER is a "stereotype" being reinforced by those who benefit by blaming the borrowers. In other words - IRRESPONSIBLE BORROWERS did NOT cause the foreclosure problem! As Martin explains....describing Homeowners in foreclosure (i.e. delinquent borrowers) as "IRRESPONSIBLE BORROWERS" is just "labelling." This is NOT accidental, but instead.... a coordinated and highly sophisticated communications initiative being implemented by motivated experts.

Over the past year, and especially in the last couple days I've spoken to Martin. (Yes !! he was working on a solution and talking by phone - even on a SUNDAY!).     And to be honest....I've never heard him so upset. But, his emotions were contained and overridden with his equally passionate efforts  - to get the truth out !! We discussed the possibility of attempting to get all the major bloggers - as a group - to get the message out - together - jointly. Well... read the part of his post (below) that address that component:

.....Bloggers:  We don’t compete with each other, Abigail and I write articles, we don’t sell advertising, so cross post this article and ask your readers to send it to everyone they know.  And get in touch, because we’re building a list of “thought leaders” and we need your name and contact information on that list.

That way, when we produce an article or research report intended to address the “irresponsible borrower” stereotype, we can email it to you so you know to post it.  We need to get this one message out as far and wide as possible.

.....and to the Attorneys:  ....You have Websites and blogs, but more importantly you have clients you talk to everyday that are a part of this fight.  I know how busy you are, but I need you to spend the extra 10 minutes it takes to not only post this and other articles to come, but to tell your clients about what we’re doing over here… tell them to read it on Mandelman Matters or on your site, or anywhere else.

To that end -  Do not just read this....and then say....WOW...what a great piece of work. Instead Tweet, Link, Facebook, and/or Forward this (by email )to at least 10 people who ARE NOT IN FORECLOSURE. I repeat - forward THIS communication to 10 people...you know.... THAT ARE NOT IN FORECLOSURE. Don't worry, we already have the homeowners' reading, tweeting, and linking - that are suffering ....IN FRAUDclosure.

We need to educate the public.... on the truth .....and we need to do it now!

I have tried, in the past, to use a simple dictionary DEFINITION:

However - TODAY - I ask that you sit back and carefully read - probably the best researched and most complete picture...that explains......how we got here.... and.... what message we need.... to educate....in order to go forward so that history ......DOESN'T repeat itself !!

The TRUTH and great post from MY FRIEND -  Martin Andelman - is linked below & titled:

Our future hinges on just ONE thing…