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.

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)

My personal HEROES in the FRAUDclosure Battle

My personal HEROES and the inspiration behind the start-up of OHIO FRAUDclosure Blog
Matt Weidner, Tom Ice, Lisa Epstein, and Martin Andelman

Today I'm humbled and honored ...to intersect ...with all my Heroes... in a podcast.
Link below to the 30 minute audio podcast.....
FRONT LINE NEWS, A Mandelman Matters Podcast – December 23, 2011

Listen-up folks....I was just another FRAUADclosed upon homeowner...... living in Ohio, when exactly 8 months ago (April 23, 2011) I tried to thank, in a post, some people that had inspired me. These individuals gave me the courage needed to stand-up and be heard (by blogging)  
I wrote back then:
..........I must give a "Shout-Out" and public "Thank You" to attorneys that have given me courage and inspiration to take this first step (Blog). A THANK YOU - to the individuals below - is simply not enough. They are the brave ones that accepted and took up the fight, long ago. They paved the way for those of us that followed. The below attorneys have been waging legal battles in FL. courtrooms, and uncovering crimes by revealing the massive FRAUD being perpetrated in foreclosures.They have been dealing with these issues much better and longer than we have (in OHIO). They continue to change law, awaken lawmakers, save homes and improve the lives of thousands of people. Floridians, these are your state's heroes!
Florida Attorneys That are Ground-Breaking Legal Representatives - For the People!
Matt Weidner (Weidner Law)
Tom Ice (Ice Legal)

In the meantime, I knew there was this AMAZING gal (Lisa Epstein) down in West Palm Beach with a cool website - Foreclosure Hamlet - that was loaded with foreclosure defense information. Lisa can only be described - as a person with unbelievable courage. She, like me, had been going through an awakening of the FRAUD in foreclosure. But instead of "hiding in the shadows" or being allowed to be labeled as a victim, Lisa took action. She wrote letters, went to the courts, uncovered fraud, challenged the system, notified the Florida State Attorney General's Office of the Fraud upon the courts. She went to her State Senators and Representatives.....and knocked on congressional doors and called attorneys....and fought on...and on...day and night. No matter what the odds....or size of the enemy....she refused to back down. In the same post (of April 23, 2011) I feebly tried to thank Lisa... and promising to post some of her inspirational work...I said:
...... And finally we will focus on Lisa Epstein, the Rosa Parks of Foreclosure. She refused to "give up her house," or be pushed aside or out of the courtroom. She is truly a hero and you will be inspired (as I was) by her story. I will dedicate a couple posts to her, as she has forever changed the landscape for those in Foreclosure
I've failed to feature my hero (Lisa) in a post....but she continues to inspire me.... daily .....
actually you can check out the whole April 23rd, 2011 post below:
 OHIO FRAUDclosure - A Thank You to FLORIDA Attorneys

Lastly, I had planned for some time to have a special blog post featuring my friend ....Martin. It is still a planned and upcoming post...but in the meantime.....rewind three years back. I'm in the midst of my own personal FRAUDclosure fight, when late one night I stumbled upon this amazing writer and blogger - Martin Andelman. Man could this guy write! He seemed to take all the complexities of the financial crisis and near wipe-out and meltdown (still in progress) of the US Housing market...and somehow.....make some sense out of it. I would read and re-read each of his posts. It was amazing how he could take a serious topic (Obama HAMP program) and make it......I have to admit.... really funny. First he would write about the serious side of the issue - then have you laughing out loud - then walk you to a point of being mad - to damn mad - to crazy mad .....and then to....well kinda back...full circle to the topic at hand. He left you wondering, thinking, and asking questions. He has this artistic writing style that seems to empower and give each of us the ability to NOT accept the government's sound bite answers(lies) being spewed 24-7 by the traditional media. One thing that came through...in each of his posts (Now numbering 520+) was the breadth of his knowledge to go along with his ability.... to simplify it all.....in a Mandelman Matters blog.

Today I'm humbled and honored ...to intersect ...with all my Heroes... in a podcast.
Link below to the 30 minute podcast. And please...start reading...Mandelman Matters

FRONT LINE NEWS, A Mandelman Matters Podcast – December 23, 2011

FIRST UP…

A favorable ruling from Florida’s Supreme Court in the Pino Case… what does it potentially mean to homeowners across the country and the foreclosure mill attorneys whored by the banks to pursue the many thousands of foreclosures that happen each day in this country. Florida foreclosure defense attorney, Matt Weidner and Lisa Epstein of ForeclosureHamlet.org join me to explain the significance of the decision.

SECOND STORY…

A popular blogger, Marco, from OhioFraudclosure.blogspot.com, went over and above the call of duty when {the day after}Occupy Wall Street’s first foreclosure recognition day {Dec 6th}, he managed to stop a homeowner from being evicted. Marco joins me from Ohio, so you’ll hear the whole story straight from the horse’s mouth, so to speak.

Just click the PLAY button below and in just 30 minutes you’ll get the details from the experts that know the significance that lies behind the headlines and the sound bites.

 (PLAY HERE to Listen, Open or Save as MP3 file (Download MP3)

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…