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rdking647

(5,113 posts)

139. if you lose you lose your house

Reply to ms.smiler (Reply #130)

Wed Aug 14, 2013, 11:46 AM

Aug 2013

just remember that

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Unsealed court-settlement documents reveal banks stole $trillions' worth of houses [View all] Coyotl Aug 2013 OP

Thank you President Obama! This is exactly why I made hundreds of calls on your behalf ... Scuba Aug 2013 #1

It is so easy to figure out whose fault it is these days. Coyotl Aug 2013 #3

I'm pretty sure the DOJ reports to the President. Scuba Aug 2013 #4

You know something? When people first started getting nervous about truedelphi Aug 2013 #75

I dropped my bagel this morning. Thanks, Obama! n/t Ian David Aug 2013 #27

Your post is disgusting Pretzel_Warrior Aug 2013 #33

Deranged? Really? I'd call it more along the lines of "bitterly disappointed". Scuba Aug 2013 #34

Maybe your problem is he doesn't ram things through illegally Pretzel_Warrior Aug 2013 #37

That's not Elizabeth Warren says. Scuba Aug 2013 #39

Oh BULLSHIT. The problem is the privileged operating entirely OUTSIDE... TheMadMonk Aug 2013 #47

They recognize it. Enthusiast Aug 2013 #94

What? Oh, that's not pot... move along now... n/t nebenaube Aug 2013 #106

Maybe if we had all been united in our outrage, Enthusiast Aug 2013 #111

One other possibility - he was and is aware all the time that all he is truedelphi Aug 2013 #76

After the success of Saint Ronnie Enthusiast Aug 2013 #95

Talk about out of touch with the real world Coyotl Aug 2013 #175

You do know that Democratic voters are only truedelphi Aug 2013 #177

Obama's approval rating with liberal dems is still over 80% Coyotl Aug 2013 #179

80% of 36% is how much of the overall voting truedelphi Aug 2013 #181

Less approval was enough to get re-elected by a landslide. Coyotl Aug 2013 #182

This dude knows EXACTLY how you feel snooper2 Aug 2013 #53

When he came in with this "looking forward" bullshit it was clear that all of the crimes Egalitarian Thug Aug 2013 #59

Yep - I woke up this morning and the sun was coming up -must be Obama's fault liberal N proud Aug 2013 #151

Nope. But allowing Justice to settle for a small civil penalty is his call. Scuba Aug 2013 #153

Can't fully blame him Xyzse Aug 2013 #178

Kick Squinch Aug 2013 #2

There are no Republicans and Democrats in Washington, they are all Robber Barons. Dustlawyer Aug 2013 #5

Need to get rid of corporate lobbyists too. Nt abelenkpe Aug 2013 #19

Absofreakinlutely! Dustlawyer Aug 2013 #51

When? Seriously? Egalitarian Thug Aug 2013 #61

I may be tilting at windmills, going for the extreme long shot, I understand that. Dustlawyer Aug 2013 #74

I'm completely on your side and hope every day that I'm proven to be completely wrong. Egalitarian Thug Aug 2013 #90

I don't think 'stole' is the right word - it's just not clear who the rightful owners are anymore. reformist2 Aug 2013 #6

They forged documents to cover the fact that there were none. If YOU did that, where would you be sabrina 1 Aug 2013 #31

Please read my post, not just the title. reformist2 Aug 2013 #35

Amazing how much criminality banks can get away with GiaGiovanni Aug 2013 #88

The government has made it very very clear who's side they are on.. SomethingFishy Aug 2013 #102

And by not going through the proper channels, transfer fees were not paid csziggy Aug 2013 #7

NOT a Bush appointee! ThoughtCriminal Aug 2013 #97

We need to look forward mindwalker_i Aug 2013 #8

Moving forward then.... zeemike Aug 2013 #30

The President makes kitteh smoothies. Enthusiast Aug 2013 #65

That explains why that chicken had whiskers DJ13 Aug 2013 #82

Arrrrggggghhhhh mindwalker_i Aug 2013 #87

This OP misses the point... Whiskeytide Aug 2013 #9

It appears that even if you PAY on time every time...you may not get the title AllyCat Aug 2013 #13

That's true... Whiskeytide Aug 2013 #18

What should be done - anyone involved in MBS not backed by titles should be barred from banking. reformist2 Aug 2013 #38

Whiskeytide, I do not share your view. ms.smiler Aug 2013 #21

I agree with everything you say here... Whiskeytide Aug 2013 #25

Be aware that Countrywide ADMITTED to destroying mortgages. dixiegrrrrl Aug 2013 #44

I don't for a minute doubt that... Whiskeytide Aug 2013 #136

"the banks stealing from each other because of their sloppy practices." dixiegrrrrl Aug 2013 #145

You're right... Whiskeytide Aug 2013 #172

Whiskeytide, you are so close to the light, I�ll give it a try and see if I can get you ms.smiler Aug 2013 #164

Countrywide destroyed our retirement account, as well, Blue_In_AK Aug 2013 #161

If you don't mind dixiegrrrrl Aug 2013 #162

Stocks Blue_In_AK Aug 2013 #166

My company had my retirement funds in ...AIG. dixiegrrrrl Aug 2013 #167

We converted all our stocks to bonds or something Blue_In_AK Aug 2013 #170

Whiskeytide, you may be mistaken. To the best of my knowledge an alleged ms.smiler Aug 2013 #49

Interesting how DU educates and impacts lives as a consequence. Coyotl Aug 2013 #98

I'll ask you this because you seem to be, unfortunately, steeped in it, Squinch Aug 2013 #113

Squinch, I�ve been researching mortgage/foreclosure/securities fraud on a daily basis ms.smiler Aug 2013 #137

in reality the chances of your mortgage being invalidated rdking647 Aug 2013 #121

rdking647, a Federal court has already ruled that MERS is not a Mortgagee ms.smiler Aug 2013 #130

if you lose you lose your house rdking647 Aug 2013 #139

rdking647, you are assuming I lack the means to pay a valid debt. n/t ms.smiler Aug 2013 #140

but have you been paying it up to now? rdking647 Aug 2013 #143

rdking647, I ceased making my "shakedown" payments as I came to think of them after ms.smiler Aug 2013 #144

most mortgages have an acceleration clause rdking647 Aug 2013 #163

rdking647, I�m well aware of the clauses in my mortgage contract, especially the ones ms.smiler Aug 2013 #165

the court wont agree rdking647 Aug 2013 #171

rdking647, you appear to be unfamiliar with Pennsylvania mortgage contracts. ms.smiler Aug 2013 #173

i really hope your successful rdking647 Aug 2013 #174

rdking647, thank you. Given your expectation, I expect to surprise you. ms.smiler Aug 2013 #176

Good points brush Aug 2013 #32

After a century of doing foreclosures why did the banks Enthusiast Aug 2013 #67

When Glass Stegal act was "erased" dixiegrrrrl Aug 2013 #159

Thanks, dixiegrrrrl.......nt Enthusiast Aug 2013 #160

The damage to society caused by crime is directly linked to the monies involved. Half-Century Man Aug 2013 #10

But was the homeowner entitled to keep the house? JayhawkSD Aug 2013 #11

See #13 above. Read this thread (currently on greatest page) AllyCat Aug 2013 #14

That is not the way many stories went. Many people were thrown out and had shown loudsue Aug 2013 #15

Then the loan documentation remains irrelevant. JayhawkSD Aug 2013 #58

So because one hypothetical person missed a payment Lordquinton Aug 2013 #72

So, because documentation was not done properly JayhawkSD Aug 2013 #86

Real mature responce there Lordquinton Aug 2013 #107

Because a bank committed fraud and forged documents fasttense Aug 2013 #112

I'm going to try this one more time JayhawkSD Aug 2013 #125

If B buys the mortgage from A, but A does not transfer the mortgage documentation to B, and Squinch Aug 2013 #147

JayhawkSD, I think you need acquaint yourself with lawful conduct and business practices. ms.smiler Aug 2013 #148

Exactly this. MrNJ Aug 2013 #16

Following the laws do not constitute abuse of the system. CubicleGuy Aug 2013 #57

Those people are VERY few in number. Enthusiast Aug 2013 #68

JayhawkSD, once you obtain an understanding of securitized mortgages ms.smiler Aug 2013 #36

do you think you should keep that for which you are not paying? JayhawkSD Aug 2013 #56

JayhawkSD, I�ll do my best to reason with you. ms.smiler Aug 2013 #70

Fine, keep the, stiff the lender, feel good about it. JayhawkSD Aug 2013 #84

JayhawkSD, yes, I feel good about following the law and I feel good about holding accountable those ms.smiler Aug 2013 #89

I am baffled by people who borrow money JayhawkSD Aug 2013 #100

JayhawkSD, again, if there is a party who can prove they own a valid debt they will be paid. ms.smiler Aug 2013 #105

how do you know it will come from damages rdking647 Aug 2013 #119

rdking647, not only do damages exceed the amount of the mortgage, but some damages ms.smiler Aug 2013 #134

Because Rs don't want that. Dark n Stormy Knight Mar 2014 #184

in 200 you refinanced rdking647 Aug 2013 #122

rdking647, I realize that MERS & mortgage securitization broke my chain of Title. ms.smiler Aug 2013 #128

just remember is you lose rdking647 Aug 2013 #138

rdking647, as I stated previously, you are assuming I lack the means to pay a valid debt. ms.smiler Aug 2013 #142

I guess that crossed Ts and dotted Is... CubicleGuy Aug 2013 #55

Don't look now, Jayhawk, but this very well could be happening to you Squinch Aug 2013 #114

Missing the Point Moral Compass Aug 2013 #12

THAT is exactly the point. Even disgraced senator John Edwards spoke about the Two Americas. loudsue Aug 2013 #17

THIS ^^^^^^^^ is the problem marions ghost Aug 2013 #23

+1000 forestpath Aug 2013 #43

Indeed. Rex Aug 2013 #50

Oh Well....Too Big to Fail. bvar22 Aug 2013 #83

The "fraud" was robo-signing, which is a letter-of-the-law technicality bhikkhu Aug 2013 #20

"Fraud" in quotes? marions ghost Aug 2013 #24

Robo-signing is a technical flaw in the signature, which is central to contract law bhikkhu Aug 2013 #28

"Most didn't realize there was any issue with robo-signing..." marions ghost Aug 2013 #41

Here's an article from February on the $25 billion dollar fine bhikkhu Aug 2013 #80

people who lost their homes... druidity33 Aug 2013 #141

marions ghost, robosigning is the repetitive act of forgery. To the best of my knowledge ms.smiler Aug 2013 #169

"Labor saving procedure" Heywood J Aug 2013 #168

Of course they did. Eric Holder did nothing. Safetykitten Aug 2013 #22

Look! Over there! Pot Smoking Grannies! nt HooptieWagon Aug 2013 #26

Would you edit this for me? Coyotl Aug 2013 #42

Exactly! I want my pony. hughee99 Aug 2013 #46

Anyone other than a banker would be in jail for such activities! Vinnie From Indy Aug 2013 #29

Most excellent summary. And here is what the banks are doing with the homes they stole: dixiegrrrrl Aug 2013 #40

And where were you Mr President FreakinDJ Aug 2013 #45

I know, reading the other comments is just too much work compared to a hit-and-run shot Coyotl Aug 2013 #48

Hold them responsible for each title the screwed up on. Rex Aug 2013 #52

They stole $100K in equity from me, and I got $2K settlement check Waiting For Everyman Aug 2013 #54

My settlement check from HSBC was $6K CubicleGuy Aug 2013 #60

It's very likely, I probably would too. Waiting For Everyman Aug 2013 #66

Wow! avaistheone1 Aug 2013 #62

Thanks for that, it is really shocking. Waiting For Everyman Aug 2013 #63

I am so sorry that this happened to you. truedelphi Aug 2013 #81

Thanks, truedelphi. Waiting For Everyman Aug 2013 #135

if you bought a house theres one simple questions to ask rdking647 Aug 2013 #120

The law is the law from both sides, not one side. Waiting For Everyman Aug 2013 #132

How is your question coming up now? truedelphi Aug 2013 #149

how did they steal 100k in equity from you? rdking647 Aug 2013 #117

The review board found that by law, I should've gotten a modification, but Waiting For Everyman Aug 2013 #127

Under What Authority Were Banks Able To DallasNE Aug 2013 #64

The banks were able to convert these mortgages into "bonds" truedelphi Aug 2013 #78

That Is Only A Partial Answer DallasNE Aug 2013 #92

I think the repeal of Glass Steagall also Squinch Aug 2013 #115

You are right as far as it being a partial answer. truedelphi Aug 2013 #154

Sen Byron Dorgan was the only person in the Seante to vote against that truedelphi Aug 2013 #155

And they made up the phony story about the Community Reinvestment Act and poor people causing this. Enthusiast Aug 2013 #69

Yes, the people at the very top know exactly what Goebbels was saying truedelphi Aug 2013 #79

This happened to a friend of mine. Qutzupalotl Aug 2013 #71

I posted a related thread, yesterday...from Salon. Your Mortgage Documents Are Fake! if silvershadow Aug 2013 #73

The David Dayen (Salon) article is the one quoted by boingboing pinboy3niner Aug 2013 #77

K 'n R that Coyotl Aug 2013 #93

The lawsuit was actually about banks lying to the government. DirkGently Aug 2013 #85

And no one went to jail? Baitball Blogger Aug 2013 #91

Disgusting blackspade Aug 2013 #96

how did they steal trillions of dollars in homes? rdking647 Aug 2013 #99

The details are here: SomethingFishy Aug 2013 #101

that doesnt mean the banks "stole" them rdking647 Aug 2013 #116

Semantics, shemantics. "tens of millions of mortgages in America ..." Coyotl Aug 2013 #124

Lost Equity 4Q2u2 Aug 2013 #133

Who's going to jail for this? Chisox08 Aug 2013 #103

You know what? Fuck this shit! I damn sick and tired of apologists and blah, blah blah. Lint Head Aug 2013 #104

TARP Inspector General: Obama cared more about "foaming the runway" for banks than help homeowners AZ Progressive Aug 2013 #109

When I heard about this I thought I was gonna pop my cork. How obvious. We are nothing but Lint Head Aug 2013 #123

Yup. Safetykitten Aug 2013 #131

It won't happen - TBF Aug 2013 #118

The person in the Oval Office is merely the truedelphi Aug 2013 #150

I figured this out a long time ago. Banks basically stole houses from people AZ Progressive Aug 2013 #108

Savvy! blkmusclmachine Aug 2013 #110

A comment on the posts in this thread, about all the blame game stuff. Coyotl Aug 2013 #126

Great. So, why doesn't Obama prosecute the Banksters? Octafish Aug 2013 #146

If you have a specific crime, just report it to the proper authority. Coyotl Aug 2013 #152

"Fling poo." Thanks for the kind rejoinder. Let's hear from William K. Black... Octafish Aug 2013 #156

The heart of conservative corruption polynomial Aug 2013 #129

Now, thousands of houses are deteriorating because the banks refuse to foreclose JPZenger Aug 2013 #157

Yet again another failure on the part of the man who truedelphi Aug 2013 #183

Meanwhile, Katie Barnett still wants the few thousand $$ the bank stole from her. lpbk2713 Aug 2013 #158

Fucking bankers gopiscrap Aug 2013 #180