American Homeowners: "We've Had Enough"

            OUTRAGE to ACTION - Homeowners say "Enough"

 More and More people take to the streets - tired of big banks "legal shakedown"
 Looting Main Street Rolling Stone & Victor Juhasz

Everyday OHIO FRAUDclosure blogspot receives emails ....from ordinary American Homeowners. The emails....surprisingly come.... from all 50 states and always contain a simple request - please help!

The story's are frightening, compelling and heartbreaking. Each morning, after reading through just a few of these emailed stories ...a feeling of sadness and heartfelt compassion (for homeowner) is followed up by an overwhelming feeling.... of outrage!

I know....through this blog...I can only do so much. We've had some successes - by matching up some really good foreclosure Attorneys ....with homeowners ....that have been criminally abused by the Banks, Mortgage Servicers and the Court System.

For OHIO Homeowners - we've made a major impact through our groundbreaking action....of being the only known social media source to have submitted an Amici Brief to a State's Highest Court. (HERE: in US Bank v Duvall). We helped draw, via the Internet and this blog, much needed attention and legal arguments to an otherwise unremarkable and unnoticed case. At the time of our first post (HERE) there was NO COVERAGE through existing mainstream media sources (Newspaper, Radio, or TV). We can only hope that we've helped shape future outcomes and case law, and level the legal landscape in a positive manner. We believe our efforts benefit ALL OHIO homeowners, which continue to suffer the indignity of FRAUDulent foreclosure and other criminal acts and behaviours perpetrated by "Wall Street"

Beginning today, choose to support ANY EFFORT that is willing to stand up against the Big Banks and their FRAUDclosure Machines. Regardless of your city or State...YOU MUST help!

I challenge anyone ...to watch the below videos ....and continue to do NOTHING.
Lets take back MAIN STREET......by taking down .......WALL STREET

                           OCCUPY WALL STREET
Zuccotti Park, has unexpectedly become a headquarters for thousands of people from around the US to peacefully demonstrate within view of the financial district & Wall Street
                   People are gathered here....to protest..... financial inequity!
Watch this Keith Olbermann Countdown segment with filmmaker Michael Moore



Sept 24th - 80 Arrested as Financial District Protest Moves North
Sept 27th - Park Gives Wall St. Protesters a Place to Call Home
Matt Taibbi - Rolling Stone - 'Occupy Wall Street': Drawing the Battle Lines

STAND UP......BE HEARD......DO SOMETHING
Just Watch the below - Last Word Segment from MSNBC's Lawerence O'Donnell
You won’t see this Video, Coverage or Commentary in the mainstream news



10-1-11        OCCUPY WALL STREET    Boston, MA.
BOSTON - 10-1-2011   Police have arrested two dozen protesters of the over 3,000 activists for trespassing during a demonstration against Bank of America's foreclosure practices at the banking giant's offices in downtown Boston
Tone deaf and overpaid  Bank of America spokesman T.J. Crawford:
                        "This is a publicity stunt"
Really T.J...a publicity stunt..can't wait to hear from you on the new $5 a month debit card fee!


Our two fellow activist bloggers from Florida...Chose to MAKE A DIFFERENCE
Lisa (of Foreclosure Hamlet) and Michael (of 4closurefraud) are featured here:

John Boehner - US House speaker - sheds no tears for American Homeowners especially in home state of OHIO

Yes, by now, we have all seen, one of the tug-at-your-heart, emotional - crying episodes from
                  US HOUSE speaker - OHIO republican John Boehner

Courtesy of Huffington Post

Boehner claims he is a typical American and one of us, and that he'd spent his whole life "chasing the American Dream." It's hard not to get emotional - when listening to him - tell the story of what he and his working class family have accomplished. One of the families crowning jewel accomplishments - buying and owning a home - in the great state of OHIO.

Only 7 months ago (election night - Nov 2) and just after he learned the GOP had taken majority control of the House of Representatives, Boehner, in an emotionally charged speech - addressed the crowd. He said....

"....Listen, I hold these {American} values dear because I've lived them. I've spent my whole life chasing the American Dream.... I started out mopping floors, waiting tables, and tending bar at my dad's tavern. I put myself through school working every rotten job there was and night shift{s}, [A]nd I poured my heart and soul into running a small business." Boehner continued, his voice trembling. "And when I saw how out-of-touch Washington had become with the core values of this great nation,... I put my name forward and ran for office."

Boehner consistently voted with Wall Street on major policy issues.

In 2008 Boehner voted in favor of giving billions in bailouts to the Banks and Wall Street firms. But, in 2009 and 2010 he strongly opposed any oversight legislation that would have led to some financial reform. In his new job as House Speaker, Boehner is tasked with leading the GOP's Congressional agenda and heading up the corporate fundraising efforts.

According to a Wall Street Journal article, late last year, John Boehner made a public pitch and open challenge to James Dimon, the chairman and chief executive officer (CEO) of J.P.Morgan Chase, at a Capitol Hill restaurant. The challenge - GIVE US MORE MONEY!!! Mr. Boehner was alleged to have told Mr. Dimon that congressional Republicans had stood up to President Obamas' efforts to curb Wall Street pay and to impose new regulations. Apparently Boehner voiced his disappointment that many of the Wall Street Banks and investment firms continued to donate money to Democrats, while the Republicans were doing all the political "heavy lifting."  J.P. Morgan declined to comment to the Wall Street Journal for the article.

Boehner: you see all these little kids running around….(sniffle- sniffle)…I can’t talk about it

Leslie Stahl: Why? (can’t you talk about the kids without crying?)

Boehner: ...making sure these kids… have a shot at the American Dream….. Like I did.

It took only 6 months...to forget the American Dream ...after becoming Speaker.

"Crying - all the Way to the Bank"
As foreclosures have steadily ravaged his eighth district, Boehner has raked in millions of dollars of campaign cash from his friends working in the financial sector. Boehner has raised a staggering $4.25 MILLION dollars during his public career from the finance, real estate and insurance industries (according to the Center for Responsive Politics) Then, in just the first four months since becoming Speaker of the House, Boehner raised an additional $638,000 from this same sector - for his political action committees (PAC) and the Republican Party (according to Paul Blumenthal of the Sunlight Foundation)

For more on Boehner, please read the excellent (below linked) piece by Zach Carter (Huffington Post)

John Boehner Fights Foreclosure Relief As Housing Crisis Ravages His Ohio District

And a special thanks to a FRAUDclosure fighter -  Lisa E of (Foreclosure Hamlet)

CHASE - Time is up - buses are rolling - LIVE UPDATES

National People's Action - New Bottom Line -  Make Banks Pay - Americans

                                   SHOWDOWN IN OHIO

      Tuesday May 17^th - 2011 - 10:30am - 1111 Polaris Parkway - Columbus Ohio

Buses are rolling!!! Americans are coming !!!                  We spoke LIVE at 11:00am - to two separate state contingents - they have full buses of concerned Americans, they're bringing the message to J P Morgan Chase:  Time is up. Its now time for your big bank to pay their fair share of TAXES!, Invest in our communities, and help stimulate the economy with real loans & real jobs.

 STOP the FRAUDclosures!

Chase- The following groups are bringing a message:
Ohio - Policy Matters Ohio, Northeast Alliance for Hope,
Mahoning Valley Organizing Collaborative
Empowering and Strengthening Ohio's People
Ohio State Baptist Convention, CWA District 4
CCISCO: Contra Costa Interfaith,
United Students Against Sweatshops,
National WAMU Homeowners Support Group
UFCW Local 75, Local 1059
SEIU Local 1, SEIU District 1199
Northeast Alliance for Hope, The AMOS Project,
Alliance to Develop Power, Kirwan Institute,

Illinois -  Illinois People's Action ,



Communities United for Action
Working in Neighborhood
Iowa - Citizens for Community Improvement
Minnesota- Take Action Minnesota
Michigan - Michigan Organizing Project
Grass Roots Organizing
Community Voices Heard' Lakeview Action Coalition
Southsiders Organized for Unity and Liberation
New York - PUSH Buffalo
Northwest Bronx Community & Clergy Coalition
South Austin Coalition Community Council
Sunflower Community Action, Syracuse United Neighbors
Voices of Community Advocates and Leaders
Farm Labor Organizing Committee
Single Payer Action Network
HVLGBTQ Community Center, The Carpe Diem Voice
Bailout Films, LLC, M.O.M.S. Movement

Allies:
OHIO FRAUDclosure, Virginia Organizing, Tubman Institute
Neighborhood Economic Development Advocacy Project
Communications Workers of America
Moveon.org, USUncut
Center for Community Change

The Showdown in Ohio is organized by National People’s Action and the Ohio Organizing Collaborative, and is part of the New Bottom Line Campaign.
twitter: @NBLcampaign, @streetactionNPA

Mahoning Valley Organizing Collaborative tweet:
We're on the way down to Columbus for a #newbottomline for our economy. Going to #makewallstpay at the chase shareholder meeting.

Update - Showdown in OHIO - Update

                JP MORGAN CHASE & CO 
Clergy, Homeowners, Workers travel to Columbus for 
                        - Showdown in Ohio -
When:  Tuesday May 17^th - 2011

Where: Columbus, OHIO – Corporate Headquarters
 1111 Polaris Parkway, Columbus, OHIO (Google Map Link)

Time:  10:30AM - until..... JP Morgan CHASE "listens to Americans"

Event:   Shareholder Meeting
Who’s invited: Public Shareholders of  JP Morgan Chase (JPM)

Why OHIO?

OHIO is ground zero and proof positive of the success in which JP Morgan Chase has had with Foreclosure as a Business Model. The cost of JP Morgan Chase foreclosures to the State of Ohio taxpayers is estimated at $5.4 billion.
Ohio is one of the states hardest hit by the epidemic of foreclosure and joblessness caused by Wall Street.  It is a state where unions have been under attack, and where hard-won labor rights that built the middle class have been stripped away from teachers and public sector workers.  Big banks like JP Morgan Chase are destroying neighborhoods across the state with record foreclosures.  More than 280,000 homes are expected to go into foreclosure in Ohio by the end of next year, putting even more families out on the streets and depleting the tax base further. JP Morgan Chase had rejected 354,822 families from the Obama Administration’s Home Affordable Modification Program (HAMP) almost as many as Bank of America and Wells Fargo combined. 

Mahoning Valley Organizing Collaborative spokeswomen Sybil West:
    "[They've]...had a devastating effect on Ohio and America’s economy, and they need to start being part of the solution. Chase needs to modify mortgages to keep people in their homes and needs to start lending to small businesses to create jobs and rebuild the economy.”

Since the financial industry bailout, Chase reduced small business lending in Ohio 75%, resulting in increased unemployment and a diminished tax base.  Protesters will draw the connection between Wall Street abuses and Ohio’s revenue crisis. This action comes as the Attorneys General and the big banks are negotiating whether the banks will be required to offer principal reductions to homeowners - the single most important tool that would help resolve the foreclosure crisis. The protest in front of JP Morgan Chase shows, homeowners around the country will not accept a settlement agreement that does not include principal reductions or lets the banks off the hook!

A new report by National People’s Action shows that nearly 1 out of every 20 housing units in Cleveland, Cincinnati, and Columbus have been lost in foreclosure and have become bank-owned property during the last 3 years.

According to SEIU, JP Morgan made $125 million in savings and checking fees in Ohio in 2010 with $.33 per $1 going to compensation and bonuses. That means JP Morgan Chase took $41 million out of Ohioans’ bank accounts in 2010 and gave it directly to fund big bonuses.

Attendees:  1,000 clergy, homeowners, unions, and members of National People’s Action and Ohio Organizing Collaborative. Speakers include the SEIU President Mary Kay Henry. 

Ohio Governor: Newly elected Ohio Gov. Kasich has long relied upon Wall Street to fund his political career.  Between 1990 and 2000, when Gov. Kasich served in the U.S. House, he raised $320,646 from the securities & investment industry, and 3 of his top 5 corporate patrons were banks! Among them Bank One – a company he used to lobby for -- which gave him a total of $47,500 (now owned by JP Morgan Chase) JP Morgan also contributed $10,000 to Kasich’s inaugural [governor] committee.

Why JP Morgan Chase: Despite being bailed out with public tax dollars after almost destroying the global economy with their recklessness, JP Morgan Chase and its CEO Jamie Dimon are back to making record profits by any means necessary.  In Ohio, JP Morgan Chase is gouging state and local governments with toxic interest rate swaps that siphon tens of millions of public dollars from Ohio to Wall Street, cheat counties out of mortgage recording fees, destroy communities through foreclosures, ship jobs out of Ohio, cut off lending to small businesses, and charge Ohioans millions in fees.  Instead of lending to small business to create jobs and keeping families in their homes, JP Morgan Chase is blaming the middle class for the sins of Wall Street.
As of June 2010, JP Morgan Chase had $19.5 billion worth of foreclosed homes on its books—more than any other bank in the country.  Another $54.5 billion of mortgages that the bank services for other lenders were also in foreclosure.  Despite large incentives from taxpayers, as of January 2011.

Visuals:  10’ puppets, huge banners and signs

Read BOTH of the below linked stories, and then ask yourself..
Can I really sit back ...and continue....to do nothing!
Stories are well written and courtesy of Martin Andelman blog "Mandelman Matters"

INSIDE CHASE and the perfect foreclosure:

"JPMorgan CHASE is in the foreclosure business, not the modification business’."  That, according to Jerad Bausch, who until quite recently was an employee of CHASE’s mortgage servicing division working in the foreclosure department.....Bonuses were based .......on how quickly you were able to foreclosure on someone,” Jerad says. ... It was all about being able to show that foreclosures were being processed as efficiently as possible.”

HOMEOWNER suffers horrific injustice at the hands of JP MORGAN CHASE

As a warning… this story is not for the squeamish.  If you’re pregnant, or have heart disease, or just want to go on pretending that your country is still a place of which you’re proud… it’s better that you click off now… because this one is NOT going to make you laugh.....by M. Andelman 

P.S. Hey bloggers… Facebookers….. please help me get the word out on this… post, re post, tweet, re-tweet.  We can’t save everybody, so let’s save one at a time. I’m hoping Chase sees this and stops the eviction… otherwise this couple could be fighting this from a homeless shelter.  

Showdown In America - Chicago 5-12-2011

Showdown In America - Chicago 5-12-2011

OHIO - JP Morgan Chase - We're # 1 in Foreclosures

JP MORGAN CHASE & CO - We’re Number ONE !!!! (1)

What:   A Celebration of  Foreclosure as a Business Model

When:  Tuesday May 17^th - 2011

Where: Columbus, OHIO – Corporate Headquarters

Event:   Shareholder Meeting - Showdown In Ohio

Who’s invited: Public Shareholder’s of  JPMorgan Chase (JPM)

Why: Why have this celebrations & shareholder meeting in OHIO?

We know your probably thinking - this type of business celebration and fiscal success should be held somewhere in New York or at a Wall Street firm. But, OHIO is ground zero and proof positive of the success that JP Morgan Chase has had with Foreclosure as a Business Model. Remember the famous quote by actor Michael Douglas as Gordon Gecko in Wall Street.. 

"Greed is Good"

A recent report on foreclosures in Ohio’s 3 largest cities* helps show that..

 FORECLOSURE - as a business model - is Good !!

The biggest and most exciting News: As an owner of JPM stock you share in the wealth of the REAL ESTATE OWNED (REO) portfolio.  JPM & Co. recently presented** their very successful foreclosure business model.  As of 6-10-10, JP Morgan & Co., had a staggering $ 19 BILLION in foreclosed properties(1) (under their management)  and were able to  lay claim to a status, prestige and title:

CHASE – NUMBER ONE - in AMERICA - for FORECLOSURES(1)

Who knows, this may be another hit television show in the making - "America’s Foreclosure Kings": We want to own your home - we evict deadbeat homeowners - WE LOVE vacant properties. Read along ....all this week ....as we report

FORECLOSING on OHIO – a litmus test for financial success 

** 6 months ago, (Nov 4, 2010) while being questioned about Chase's "temporary delay" in foreclosure filings, Charlie Scharf, head of Chase retail financial services unit, sought to calm a group of worried analysts and investors during a presentation in Boston MA.  The investors were worried as only 3 weeks prior to the conference; Chase had suddenly stopped foreclosures in 40 states, and on roughly 127,000 loans. Additionally, they had stopped 8,200 eviction proceedings (of occupied) REO (Real-Estate-Owned) properties. It appeared Chase had massive exposure to the so called robo-signing scandal.

Scharf stated that most of the paper problems were simple "affidavit issues" but confirmed it could cost the company a few million dollars for every month that foreclosure proceedings were delayed. However, Schaff quelled investors’ worries by stating that re-filings with fraudulent new paperwork would begin in a few weeks and would only take three to four months to complete.

Moreover, Scharf stated all the company’s foreclosure decisions were "based on materially accurate information" and Chase had multiple controls in place to assure that all property records had been properly assigned and transferred.

Finally, Scharf's presentation showed that JPMorgan’s default employees (currently numbering around 17,000) had independent "operational processes" in place - to assure - all foreclosures were proper. That process was checking a loan status - twice.  First before a loan was  referred to a Mill Firm attorney for foreclosure and then again, before the final foreclosure sale. This process obviously doesn't apply, if you live in Arizona!

Below are excerpts from the 41 page report (full report linked at bottom): 

….The ability to continue to foreclose is critical to continued economic and real estate recovery (translation we have 375+ billion dollars worth of exposure, and we need to unload this crxx - as soon as possible – we’ll simply call it Economic Real Estate Recovery) Will $56 Million help? for Chase overcharging 6,000 active military

….We strongly believe foreclosures should not be delayed any longer than necessary (translation: Judges…go back to sleep…and get back to Rubber-Stamping our foreclosures as we have profit margins and analysts’ projections to meet. Our stockholders & investors can’t be delayed by any legalities or Rules of Law.)  JP Morgan will foreclose - even if your an Ohio Judge  

….{Any} further foreclosure delays will damage communities and the economy(what? - silly me - of course any delays to the emptying of occupied houses and further blighting cities will damage the economy! Our drug-dealers need safe-houses to store and sell drugs in order to quickly stimulate the economy) 
…..{F}acts and circumstances supported {our} decisions to foreclose but if we become aware of any fraud exceptions, we will fix them (translation: hopefully this Robo-Signing thing will blown over quickly….and we can FRAUDulently create needed transfers and bogus assignments)

......Pg 29....{All} the following are ...…Misconceptions:

{that} liens were not properly transferred

{that} defects in title transfer - compromise title insurance

{that} foreclosures are pursued too aggressively and completed without sufficient review

{that} borrowers current (on loans) have been foreclosed upon; (oops in AZ)

{that} foreclosure decisions are not supported by underlying facts and circumstances

{that} servicers were not willing or able to staff up to cope with volumes....Inspector General to ask Chase to testify - only has modified 67,000 of the 204,000 eligible. + 2011 Class Action

.....Pg 6….by the way... JP MORGAN CHASE & CO has a Nationwide footprint (over 5,000 branches & 16,000 ATMs in 23 states) and “We operate from a position of strength” and “We will be appropriately paid for the services we provide”

* ShowdownInAmerica-Foreclosing_on_Ohio

**Presentation of November 4, 2010

(1) SNL Finacial report 6-10-10 - JP Morgan Chase had the highest dollar value, 19.5 Billion, of 1-4 family homes in foreclosure. JP Morgan Chase had an additional 54.5 BILLION in foreclosure properties which it serviced for others.