Banks, states reach $26 billion settlement

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9. Chill wind, that $1,500 to $2,000 should be used by the homeowner as a retainer for competent legal

counsel. It’s my understanding that damages for wrongful foreclosure begin at 3 times the value of the property that was stolen. Compare that to $2,000.

This settlement is simply a drop in the bucket. What about the homeowners who refinanced or paid off their mortgages and have a robo-signed, invalid and fraudulent Satisfaction of Mortgage filed on their Titles?

What about the home buyers who purchased foreclosed properties with those bogus documents in the Title history clouding the Title?

This settlement is virtually meaningless except to tip off some homeowners that they were wrongfully foreclosed.

The situation remains as I projected. It will be up to each homeowner, one by one to file suit regarding their properties so they can be properly compensated for the harm done to them.



I’ve been researching mortgage/foreclosure fraud for 3 ½ years. I filed a Quiet Title action on my property. The trial is presently scheduled for May. A funny thing happens when you challenge banksters. They cower in the corner whimpering, unable to respond to defend themselves.

My case is going very well.