THE BIGGEST SCUMBAG BANK, DEUTSCHE BANK, ON EARTH…

 

 

FORECLOSURE FRAUD – DEUTSCH BANK MEMO NOTIFIES SECURITIZED LOAN SERVICERS AND THEIR ATTORNEYS THAT THEY MAY HAVE BROKEN THE LAW

Posted by Foreclosure Fraud on November 3, 2010 · 1 Comment

First some excerpts from ForeclosureDefenseNationwide

In an October 25, 2010 letter from Deutsche Bank to “All Holders of Residential Mortgage Backed Securities For Which Deutsche Bank National Trust Company or Deutsche Bank Trust Company Americas Acts As Securitization Trustee”, DB reports on “alleged deficiencies” in certain foreclosure proceedings and advises of the prior issuance, by the DB Trustee, of an “Urgent and Time-Sensitive Memorandum” dated October 8, 2010 to its Securitization Loan Servicers regarding servicing foreclosure procedures, demanding that the servicers “comply with all applicable laws relating to foreclosures”.

The October 8, 2010 “Urgent and Time Sensitive” Memorandum attached to the October 25, 2010 Memo makes things even more interesting. Here are some select quotes:

“The Governing Documents typically require the Trustee to furnish the Servicer with powers of attorney that allow the Servicer to sign documents and institute legal actions, including foreclosure proceedings, in the name of the Trustee on behalf of the Trusts in connection with these servicing activities…. Recent media reports suggest that the Alleged Foreclosure Deficiencies may include the execution and filing by certain servicers and their agents of potentially defective documents, possibly containing alleged untrue assertions of fact, in connection with certain foreclosure proceedings. The reported scope of such alleged practices raises the possibility that such documents may have been filed in connection with foreclosure proceedings relating to mortgage loans owned by the Trusts and may have been executed under color of one or more powers of attorney granted to Servicers pursuant to the Governing Documents. Any such actions by a servicer or its agents would constitute a breach of that Servicer’s obligations under the Governing Documents and applicable law.”

So what we have here is DB tacitly admitting that its servicers and attorneys “possibly” filed fraudulent foreclosure documents (which we all know did in fact happen, with “robo-signer” assignments, backdated notaries, etc.), which if done “under color of” required powers of attorney, is illegal on more than one front.

Well isn’t that interesting…

Full memo, plus others, below…

Enjoy!

~

4closureFraud.org

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FUCK YOU OBAMA. THE IMBECILE SCUMBAG PRESIDENT

This is for telling people they’re deadbeats. YOU GOT YOUR HOUSE PAID BY THE SAME SCUMBAG THAT BOMBED PLACES IN THE 60’S. SCUMBAG BANK, CHASE, ALSO CLEARED ANOTHER HOME. WHO’S THE DEADBEAT NOW, IMBECILE?

WHAT DID WE EXPECT FROM AN INEXPERIENCED ILLEGAL ALIEN?

Oct. 18, 2010 — Foreclosures In Missouri Wayne Godsey, KMBC President And General Manager

HOW MUCH $ IS THIS SCUMBAG AG GETTING PAID BY THE BANKSTERS?

POSTED: 7:27 pm CDT October 18, 2010


KANSAS CITY, Mo. — Missouri Attorney General Chris Koster made the right call when he chose not to interfere with home foreclosures in the state. 

Koster’s decision was in response to a request from Kansas City Mayor Mark Funkhouser and a group called Communities Creating Opportunities. 

It is sad to see anyone lose their home, particularly when it’s the result of a lost job or other unfortunate circumstances. But many people simply paid too much for homes, thinking that values could only increase. 

Some lenders like Bank of America and Chase have voluntarily suspended foreclosures in order to review internal procedures. If faulty practices exist, they say they’ll correct them. 

But a government-dictated moratorium is a bad idea, just like the government lending policies that created the mortgage crisis. If individuals can’t pay their mortgages, foreclosures are necessary to stabilize the real estate market, for the benefit of homeowners and lenders alike.

 

SCUMBAG WELLS FARGO TO BE FOCUS OF OHIO FORECLOSURE FRAUD PROBE

 

Posted by Foreclosure Fraud on October 28, 2010 ·

“These people think they can play by a different set of rules.”

~

“It’s not just individuals who signed flawed affidavits. It’s a business model designed on fraud.”

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Bloomberg

WELLS FARGO TO BE FOCUS OF OHIO FORECLOSURE PROBE

Wells Fargo & Co. will be a focus of an investigation into foreclosure practices, Ohio Attorney GeneralRichard Cordray told Bloomberg Television after the lender said it found flaws in court documents.

Wells Fargo said yesterday that it would submit supplemental affidavits to courts in about 55,000 foreclosure proceedings after finding some statements “did not strictly adhere to the required procedures.”

“These people think they can play by a different set of rules,” Cordray said in an interview today on Bloomberg Television’s “InBusiness with Margaret Brennan.” “It’s not just individuals who signed flawed affidavits. It’s a business model designed on fraud.”

Teri Schrettenbrunner, a spokeswoman for San Francisco- based Wells Fargo, said in an e-mail that none of the paperwork problems have led to foreclosures that shouldn’t have otherwise occurred and the problems aren’t related to the quality of loan data.

“We have chosen to submit supplemental affidavits out of an abundance of caution,” she said. “We intend to be responsive to General Cordray’s inquiries and look forward to addressing his concerns.”

Head over to Bloomberg to read more with video here…

No widespread problem here, right Wells?

 

VIDEO – SHERIFF TOM DART, EXPLAINING EXACTLY WHY HE WON’T ENFORCE FORECLOSURE EVICTIONS

Posted by Foreclosure Fraud on October 21, 2010 ·

Sheriff Tom Dart

“This is not the lotto… this isn’t something where we’re rolling the dice and saying, possibly this has been done legally. Maybe it hasn’t but in the meantime, you and your children go find someplace else to live, plenty of homeless shelters out there. We can’t do that.”

AND SO IT BEGINS – CHICAGO SHERIFF SAYS NO TO ENFORCING FORECLOSURES

The sheriff for Cook County, Illinois, which includes the city of Chicago, said on Tuesday he will not enforce foreclosure evictions for Bank of America Corp, JPMorgan Chase and Co. and GMAC Mortgage/Ally Financial until they prove those foreclosures were handled “properly and legally.”

Bank of America, the largest U.S. mortgage servicer, and GMAC, on Monday both announced rollbacks from their foreclosure moratoriums.

The announcement by Cook County Sheriff Thomas Dart comes after weeks of damaging accusations of shoddy paperwork that may have caused some people to be illegally evicted from their homes.

“I can’t possibly be expected to evict people from their homes when the banks themselves can’t say for sure everything was done properly,” Dart said in the statement.

“I need some kind of assurance that we aren’t evicting families based on fraudulent behavior by the banks. Until that happens, I can’t in good conscience keep carrying out evictions involving these banks,” he added.

Or as Denniger puts it…

Here’s a message to all the County Sheriff’s: Tell the banks to **** off!

The sheriff for Cook County, Illinois, which includes the city of Chicago, said on Tuesday he will not enforce foreclosure evictions for Bank of America Corp, JPMorgan Chase and Co. and GMAC Mortgage/Ally Financial until they prove those foreclosures were handled “properly and legally.”

Imagine that: A lawman who understands that The Bill of Rights actually applies to the people!

The 5th Amendment, specifically: You may not be deprived of liberty or property without due process of law.

“Robosigned” documents violate that right.  So does perjury in court proceedings.

“I need some kind of assurance that we aren’t evicting families based on fraudulent behavior by the banks. Until that happens, I can’t in good conscience keep carrying out evictions involving these banks,” he added.

Now that’s even better.  Will Sheriff Dart extend this all the way back to the origination of these loans, their pooling into securities, and questions about whether or not they were in fact sold more than once, rendering the person who claims to be foreclosing not necessarily the real party at interest?

What if the note has been bifurcated and nobody has a right to foreclose? Sue to collect, yes.  Foreclose, maybe not.

Let’s see lawmen and lawwomen all across this nation refuse to accede to the banksters demands until they prove that the law was complied with – up and down the line.

Sheriffs are elected officials.

The elections are coming.

We the people must demand that each and every Sheriff standing for election take a position on this – will you stop enforcing foreclosures NOW and continue to do so until the banks prove that each and every one is 100% legal, including all required transfers and endorsements, from origination to eviction?

Scumbag Judge needs your help..

If someone has a picture of Erin “culo” Cullaro, please send to us for posting.. Thanks