Mortgage Paperwork Mess: The Next Housing Shock - 60 Minutes (April 3, 2011) - Brookstone Law

Brookstone Law investigates - As more and more Americans face mortgage foreclosure, banks' crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that's causing lawsuits and hampering an already weak housing market. Scott Pelley reports for CBS News 60 Minutes. - For more info visit http://www.BrookstoneLaw.com

Category:

News & Politics

Tags:

• Wells Fargo
• HSBC
• Bank of America
• Bofa
• BOA
• Citi
• Citibank
• Deutsche Bank
• US Bank
• Bank
• Documents
• Paperwork
• Signatures
• MERS
• Brookstone Law
• CBS
• News
• 60 Minutes
• Foreclosure
• NACA
• Government
• Mortgage
• Lawsuit
• Mass Joinder
• Class Action
• Legal
• Law
• Housing
• Mortgage Securitization
• Mortgage-Backed Securities

[JSHALLOW]

My sister trying to purchase a HUD home, and they cannot find the title. I was trying to buy a short sale home, and they cannot produce the documentation necessary to close. Now it all makes sense.

[DirtyDirtyButthole]

"THE GREAT RECESSION"... BAHAHAHAHAA !!! more like THE LAST DEPRESSION

[tvswnet]

@isotanicadjust So, your take is that the greedy powerful people want to reduce their own power and profit? You know nations only exist on political maps, not in reality, right? We're all people living ON THE SAME PLANET. We have inextricably linked economies, information paths, etc. Which power is being removed from which elected officials? My guess is that you've been listening to fearmongers (no shortage of those) who want you/us to be very afraid but have NO ideas about fixing anything.

[isotanicadjust]

Another goal of the FR is to bring the US under outside control. A bailout of the USA by the IMF means the US Constitution has been effectively usurped by a supranational organization. A bailout will come with many strings attached which remove from elected officials the power they have via the US Constitution to rule on behalf of the people. The goal of the US/Euro led IMF and World Bank is abolishing nation state sovereignty.

[isotanicadjust]

The forger is embarrassed to state what he earns per hour, but not embarrassed that he engaged in fraud. The most stupid people were hired at slave wages by the smart rich who screwed over everyone. FR knew all along they were going to bring the economy to its knees via housing con for the purpose of buying up hard assets for pennies on the dollars. And they are right on course to accomplish that. FR jacked up interests rates unceasingly until hit 5.25% assuring mass defaults on ARMs.

[isotanicadjust]

60 Minutes states some companies resorted to fraud. It was fraud sanctioned by the Federal Reserve. Corporate owned media won't tell the truth. I recommend Bill Still The Secret of Oz , G Edward Griffith Creature From Jekyll Island and Gary Allen None Dare Call It A Conspiracy. Adjustable rate mortgages should never have been permitted It is ludicrous for homeowners to gamble on Federal Reserve interest rate moves via their monthly home mortgage payment.