http://www.msnbc.msn.com/id/41043127/ns/business-real_estate/ URGENT BULLITIN - CLICK THIS LINK -----} http://www.msnbc.msn.com/id/40571573/ns/business-us_business/ READ HOW BANK OF AMERICA AND WELLS FARGO ARE TAKING PEOPLES HOMES WHO DON'T EVEN HAVE A HOME LOAN THRU THEM - CORRUPT & FRAUDULENT BANKERS ARE AT WORK GOING AFTER YOUR HOME - THAT YOU MAY NOT EVEN HAVE A LOAN WITH THEM !! READ MORE --- Warren Nyerges opened his front door in Naples, Fla., to find a scraggly-haired summons server standing on his stoop. He plopped a foreclosure notice from Bank of America in Nyerges' hands. But Nyerges had "Paid for his house in Cash". And he'd never had a checking account, much "less a mortgage", with "Bank of America"- .Now a new species of homeowner is getting pushed into foreclosure hell.But the false foreclosure cases are hardly the usual complaints. These homeowners paid their mortgages — or loan modifications — on time. Some even paid off their loans. Worse, those on the receiving end of a bad foreclosure claim tell similar stories of getting bounced from one bank official to the next with no resolution while the foreclosure process continues apace.They said their offices were deluged with complaints from people who had done everything right but were being treated by banks as if they had done everything wrong. And the Florida attorney general's office is also investigating the issue as part of its foreclosure probe."This is the worst I've ever seen it," says Ira Rheingold, an attorney and executive director of the National Association of Consumer Advocates. Diane Thompson, a lawyer with the National Consumer Law Center, has defended hundreds of foreclosure cases. "In virtually every case, I believe the homeowner was not in default when you looked at the surrounding facts. It is a widespread problem throughout the country."Homeowners in Florida, Nevada, Texas and Pennsylvania have filed lawsuits alleging that they were victims of mistaken foreclosure. In many of those cases, the bank went so far as to haul away belongings and change the locks on the wrong homes."It is mind-boggling that these large banks accepted billions and billions of TARP money from the government, and they are just committing a fraud on the American people," says Jack Gaitlin, who filed the Kentucky suit on Oct. 4. He was referring to the 2008 government bailout of the banks, the Troubled Asset Relief Program.Now it's becoming clear just how chaotic the whole system became. Depositions from employees working for the banks or their law firms depict a foreclosure process in which it was standard practice for employees with virtually no training to masquerade as vice presidents, sometimes signing documents on behalf of as many as 15 different banks. Together, the banks and their law firms created a quick-and-dirty foreclosure machine that was designed to rush through foreclosures as fast as possible.Former employees at banks and foreclosure law firms have testified that they also knowingly pushed through foreclosures on the wrong people.Kapusta testified in September that she received as many as 50 calls a day from homeowners who said they were the victims of mistakes. But she was told, she testified, to ignore the callers and push through the foreclosures anyway. The law firm is under investigation by the Florida attorney general.During the past four months, Williams says he has talked with 25 GMAC representatives. He has twice contacted the offices of the CEO and the chief financial officer. He has sent packages of paperwork documenting and verifying his claims. And, he says, various GMAC employees have promised to straighten it out immediately. All the while, GMAC has repeatedly refused to take his mortgage payments, going so far as to mail them back to him. It is routine for banks to refuse payments once they start foreclosure proceedings.Williams emailed the woman with several concerns and questions about the documents but he never heard back from her. He felt the only option he had left was to hire a lawyer. "It's really a bite — and I can't tell you how it chafes me — to have to pay hundreds of dollars an hour just to get to make my house payment because the mortgage company can't find their loan documentation," says Williams. - CLICK THIS LINK ----} http://www.msnbc.msn.com/id/40571573/ns/business-us_business/ - WEB SITE : BANKSTERUSA -----} http://www.banksterusa.org/ - NEWS BULLITIN -0 12 / 17 / 2010 - ARIZONA & NEVADA STATE Atty. General SUE BANK of AMERICA (BOA) over MORTAGES - LINK ---} http://www.bizjournals.com/phoenix/news/2010/12/18/arizona-nevada-sue-bank-of... - / more BOA News ----} http://www.msnbc.msn.com/id/40777392/ns/business-the_new_york_times/ -/- More on BANK of AMERICA's ILLEGAL FORECLOSURES -----} http://www.youtube.com/watch?v=j100eYdYyDo
12 / 17 / 2010 ARIZONA & NEVADA STATE ATTORNEY GENERALS SUE BANK OF AMERICA (BOA), over MORTAGES ! See Link at "Bottom of Description"
TheAMERICANTYRANNY 1 year ago