Auctioneer Foreclosing Homes, No One Listening

[luna752008]

i know this guy, Garth. He's actually a good guy. It's sad as these houses were so high in asking price and then go on the market way late. as all the banks that own these homes aren't putting them up for sale too soon as it would flood the market with too much inventory. you can hear this guy stating some prices like $300K or so yet the value is $100K or so. it's crazy.

[eyewitness043]

American's should understand that the banks are buying the mortgages back from themself, effectivly hiding the loss and accumulating "fees" at the same time from taxpayer bailout money.

And to top it off, Obama allowed GM to liquidate GM Pensions while nobody thought to do that to Wall Street Execs.

This is High Crime.

[eyewitness043]

"sold to the benificiary" means sold to MERS.

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS who've teamed up with fannie and freddie to create a digital "clearinghouse" for mortgages.

MERS is the prime suspect in understanding why there is a "secondary mortgage market" that is "Unseen" to the general public since MERS charges a fee for access and usage.

The banks that got Up-front bailout money own MERS. (Citi, Fannie, Freddi, Countrywide, etc)

THIS IS HOW TARP IS BEING LOOTED.

[eyewitness043]

This is called a "Counterfeit" Sale when no Notice of Trustee's sale is recorded concurrently according to CA Civil 2924f.

Don't be fooled in this matrix of mortgage fruad.

[ShortSalesBuyers]

Thats Russell!!!

[jpa2blue]

This courthouse is only a few streets away from my house. My mom used to work there. Its sad that people loose thier homes, all you can do is blame it on the idiocy(is that spelled right?) of our government, and our corrupted politicians. Our country needs to clear house completely, and hang those who are greedy, lowdown, piece of shit politicians who are only interested in money...even if it means doing it in blood. Like Clinton with Whitewater.

[Hectorsconstruction]

I think killing these political figures is wrong. The truth is that the people in washington have no clue what is going on. They make so much more money than their constituants and have no clue what it's like to work their ass off and still have nothing to show for it. I do think they should be fired and they should have to do some blue collar work like most americans do (that is if anyone is hiring).

[KARStarla]

I know, its sad, no ones buying them, they are empty, they should just let the familys stay and pay what they can, otherwise they are just empty and they get no money and looted homes

[consim9]

How sad, these are peoples homes. So much for the myth that people are scooping up foreclosures.

[Kevinsgranpa]

Sad to see all these foreclosures. Were any homes with equity sold to investors? How much equity to prompt a knowledgeable investor to buy? Thanks for the video. Good job.

[Nahoft]

this is trippy!