Banks, states reach $26 billion settlement

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22. Dear Tridim, there are no otherwise legitimate foreclosures.

Well, extremely few. Legitimate foreclosures are very, very rare.

If the mortgage servicers/banks legitimately owned the loans, there would have been no need for any fraudulent documents. A foreclosure based simply upon a fraudulent Assignment of Mortgage does not mean the foreclosing party had any standing to sue the homeowner.

If Affidavits were presented as well in the foreclosure suit, they would have been just as fraudulent.

The only legitimate party that could bring a foreclosure action against a homeowner is an investment Trust, if they legally owned the loan which didn’t happen. That’s the securities fraud on Wall Street that is directly tied to our mortgage loans here on Main Street.

So our mortgage loans have gaps and breaks in the chain of Title which the fraudulent documents were designed to paper over, thus transferring trillions of dollars of real property to the banksters, not the investors who funded the loans.