Unsealed court-settlement documents reveal banks stole $trillions' worth of houses

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133. Lost Equity

First your numbers do not account for the lost equity due to the fact they destroyed the market. Secondly it does not account for the real gain on investment that comes with long term home ownership. That assett growth will not be realized by these people.

In an earlier post you had a simple question forum. Did you make payments or not. Some people did make payments to whom they thought was the owner of the loan, but thru the mulitple mortgage transfers and sha(o)dy paperwork, some of those mortgage holders were not valid or known. So home owners were paying one company that did not hold the loan, and another came looking for their money or the house. It was up to the home owner to prove they were making the payments even though the banks were the ones who made all the errors. Others had contacted their banks to work out payment plans that the bank agreed to only to have an illegal foreclosure set apon them. That is the major crux of all of this fiasco and land grab.

http://www.wptv.com/dpp/news/region_s_palm_beach_county/law-firm-says-it-has-proof-of-illegal-foreclosure-system

http://therealnews.com/t2/component/content/article/75-william-black/1692-why-are-appraisers-furious-at-fraud-by-their-peers-while-corporate-lawyers-are-complacent