Court Stops Foreclosures; Forces Loan Modification Agreements CEPersVid-41

This video, by Carl E. Person, an attorney defending foreclosure actions and commencing wrongful foreclosure actions, on a national basis, explains developments taking place in the New York courts during the past few weeks which may have the effect of stopping millions of residential foreclosures and forcing the banks or other lenders to enter into reasonable loan modification agreements (for lower monthly payments and reduced loan amount) with the homeowner borrowers. Attorneys are now being required by an Administrative Order issued by the Chief Administrative Judge of New York, with the approval of the Chief Judge of New York and the four Presiding Justices of the Appellate Divisions, to file affirmations (the equivalent of affidavits) in each foreclosure action still in the courts (and possibly in post-sale litigation such as eviction and wrongful foreclosure lawsuits) swearing that the bank and its attorneys have complied with the various NY statutes, rules and regulations required as to residential foreclosures. If the attorney doesn't sign and file the required affirmation, the foreclosure won't go forward. If the attorney commits perjury by swearing untruthfully in an affirmation, the attorney can be disbarred, fined or even put in jail. I, Carl Person, the creator of this video, 10 days earlier had urged similar action in a press release posted on my campaign website (in support of my 2010 candidacy for NYS Attorney General). I applaud what the NY Courts have done; hope that I did in fact have something to do with this (which was one of the purposes of my third-party candidacy, to raise issues and hope for adoption); and expect that many of the 22 other "judicial foreclosure states" will do likewise. I urge everyone to contact their legislators in the other 27 states and urge them to pass legislation requiring foreclosures to be approved by the courts, with a similar attorney affirmation requirement.

Category:

News & Politics

Tags:

• court
• halts
• stops
• loan modification agreements
• false affidavits
• fraudulent
• documents
• homeowner
• mortgage foreclosures
• administrative order
• affirmation
• attorneys
• Bank of America
• JPMorgan Chase
• GMAC
• Wells Fargo
• Countrywide
• Ally Financial
• Jeffery Stephan
• judicial foreclosures
• courts
• actions
• robots
• robosigners
• non-judicial
• predatory
• wrongful
• freeze
• remedy
• victimized
• deeds trust
• notary
• MERS
• litigation
• sale
• auction
• vacate default
• standing
• declaratory
• CEPersVid

[jemsdaily]

Thank you for the information Carl, very informative.

[carlpers2]

@jemsdaily - you can help the cause by telling your friends/relatives/associates who are similarly situated about my video series, particularly # 47 which urges financially-troubled homeowners-mortgagors to sue the banks, MERS, trustee, others to try to eliminate their interests and hope that this results in a desired loan modification agreement, which would be good for all concerned, you get a LMA and the bank gets an original note and original mortgage and a waiver of all past defenses

[MrLongshotlouie]

Thank you, Carl

More like you might actually save a republic.

Godspeed

[carlpers2]

@MrLongshotlouie - I like your handle, and I want you to know how close you are to the mark. I do have a way (untested at this time) to "save a republic", and 36,000 voters voted for me during this last election (for NYS AG). My plan is to create prosperity for residents/small businesses in a small town. No money or statutes needed. 1. town enforces rights of residents; 2. tuition free equivalency college for residents 3. area wide payroll adm'r 4. create self empl of resid w/ task marketplace

[videolover61]

Yeah Carl!!! This is just and good. Take it to the corrupt banking system!!

[carlpers2]

@videolover61 We can take it to the corrupt banking system in one way only, which is by a homeowner going into court and asking the court to eliminate the bank's interests for a variety of legal reasons, with the hope that because the legal issues are sound the bank will resolve the matter by giving the homeowner a reasonable loan modification agreement, which benefits all parties (homeowner gets affordable mortgage and bank eliminates various legal claims against its mortgage position)

[NYredwhiteandblue]

Carl, keep up the good fight my friend... These corrupt banks with their fake attempts at modification have to be stopped. I have sent you an email, hopefully we will talk soon...

[carlpers2]

@jemsdaily - Many thanks for your expressed appreciation, it helps to keep me going and to do new videos. You could help me further by letting others know about these videos, particularly # 47, which explains why NOW is the time for homeowners to sue the banks (alleging the banks have no interest in the property and seek a judgment eliminating the banks' interests). NOW the banks are in total disarray and are less able to defend an action to quiet title than they'll be in 6-12 months.

[videolover61]

@carlpers2

i will see what I can do...thanks for your video!

[carlpers2]

@inspirediam Many thanks for your support. This is a brand new development in foreclosures and needs to be spread around the country, so that other courts and state legislatures can learn what they need to do - because the Obama Administration and Congress are clearly doing nothing.

[carlpers2]

There is a way to save the republic, by creating economic reform in towns and villages, the lowest level of government. I spell this out in my weekly column, and want you to call your local weekly newspaper (if you live in a town or village under 25,000 in population) and ask them to publish the column (for free).

[carlpers2]

@videolover61 - I need your help. Call your local weekly newspaper and see if it will publish my weekly column (for free).