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Mortgage Mess_2002

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Uploaded by on Apr 7, 2008

Watch Bear Stearns' EMC Mortgage lie in this video. EMC later testified during a 2004 trial that Wright was never in default and also testified they did not own Mr. Wright's note.

While still on the witness stand, EMC was asked: So you saw Bank of America's errors, but rather than correct the mistakes, you just decided to steal Mr. Wright's home and equity didn't you?" EMC answered: "Yes."
Within moments, the judge shut down the trial and recused herself. The trial was never finished.

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  • EMC is so full of bull ... they don't know what one office is doing over another. The best thing to do is make your payments and if they get it wrong, fight them ... but NEVER stop making payments. Be really careful, though. JPMorgan Chase owns EMC and they own Foremost Insurance -- which holds a lot of homeowners' insurance policies. Foremost will send your checks back, torn or otherwise made worthless and then cancel your policy ... JPMorgan Chase is as crooked as the day is long.

  • That lawyer looked like he was scared to death.

  • really HUMANS work for EMC??? Are you kidding,they are liars.

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