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

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134. rdking647, not only do damages exceed the amount of the mortgage, but some damages

are multiples of the value of the home. I have a small mortgage and plenty of equity.

We all understand that there are consequences for breaking the law. Pennsylvania law requires the prompt recording of conveyances in the county lands within 90 days. If conveyances are not timely filed, the mortgage is left null and void. That’s the consequences for violating that law.

Federal law dictates that fraud in a mortgage is subject to treble, (triple) the amount of the fraud. That is to discourage fraudulent mortgages and it’s the consequences of defrauding consumers and it's regardless of the amount of the mortgage.

I thought Slander of Title was double the value of the property but my attorney says that’s Treble damages. Those are the consequences for Slandering someone’s Title. The laws are designed to discourage wrongdoing.

And Punitive damages are 9 times actual damages. As an honest business person who honestly EARNS my money, I am certainly interested in punishing the parties who defrauded me.

This is why I had a three month period where I walked around my house shaking my head. I avoid liability with my business and personally. I couldn’t understand how the banksters exposed themselves to so much liability with so much fraud. I finally concluded their greed exceeded their business sensibilities.