Post by jeffolie on Apr 4, 2011 10:17:29 GMT -6
foreclosure documents massively faked, forged v unjust enrichment
Forgeries and lies are used to foreclose on homeowners who stopped paying mortgages.
60 Minutes presented in a simple, clear segment the details, methods of fake evidence being used to foreclose on deliquent mortgages.
For example, temporary workers signed 300+ documents per hour using other people's names selected because the names were short names that meant more forgeries could be signed per hour. These lying, fraudulent, forgeries were presented as evidence to 'prove' mortgages existed with proper documentation in foreclosures on a massive scale.
No doubt, no dispute exists that fake 'proof' used and accepted by courts and State administrative foreclosure processing agencies.
Absolute certainty that fake, forgeries allowed foreclosures on a massive scale was presented in the 60 Minutes segment.
Unjust enrichment. Should the lenders be able to foreclose or the homeowner keep the house which money was given to buy the house even though 'proof' presented was fake, forgeries? No doubt exists that mortgage money was borrowed and used to buy the deliquent homes...if the homeowner keeps the house without having to repay the mortgage money the result is 'unjust enrichment'.
Every State sued...fake, forgeries are not good evidence.
My view is that good evidence must be used and faked evidence must not be accepted.
Banks, lenders, securitized mortgage backed bond investors, etc have a 'proof' issue. I my view, bad evidence must be rejected or otherwise any criminal could take your house.
Knowingly using faked documents should send financial and legal people to jail. Most likely no one will be jailed in our corrupt 'Justice System' where there is little or no justice for the average person. Big money, greed and status quo usually overcome justice in America and all over the world.
===========================================================
April 1, 2011
Mortgage paperwork mess: the next housing shock?
Scott Pelley reports how problems with mortgage documents are prompting lawsuits and could slow down the weak housing market
www.cbsnews.com/stories/2011/04/01/60minutes/main20049646.shtml?tag=contentMain;contentBody
Forgeries and lies are used to foreclose on homeowners who stopped paying mortgages.
60 Minutes presented in a simple, clear segment the details, methods of fake evidence being used to foreclose on deliquent mortgages.
For example, temporary workers signed 300+ documents per hour using other people's names selected because the names were short names that meant more forgeries could be signed per hour. These lying, fraudulent, forgeries were presented as evidence to 'prove' mortgages existed with proper documentation in foreclosures on a massive scale.
No doubt, no dispute exists that fake 'proof' used and accepted by courts and State administrative foreclosure processing agencies.
Absolute certainty that fake, forgeries allowed foreclosures on a massive scale was presented in the 60 Minutes segment.
Unjust enrichment. Should the lenders be able to foreclose or the homeowner keep the house which money was given to buy the house even though 'proof' presented was fake, forgeries? No doubt exists that mortgage money was borrowed and used to buy the deliquent homes...if the homeowner keeps the house without having to repay the mortgage money the result is 'unjust enrichment'.
Every State sued...fake, forgeries are not good evidence.
My view is that good evidence must be used and faked evidence must not be accepted.
Banks, lenders, securitized mortgage backed bond investors, etc have a 'proof' issue. I my view, bad evidence must be rejected or otherwise any criminal could take your house.
Knowingly using faked documents should send financial and legal people to jail. Most likely no one will be jailed in our corrupt 'Justice System' where there is little or no justice for the average person. Big money, greed and status quo usually overcome justice in America and all over the world.
===========================================================
April 1, 2011
Mortgage paperwork mess: the next housing shock?
Scott Pelley reports how problems with mortgage documents are prompting lawsuits and could slow down the weak housing market
www.cbsnews.com/stories/2011/04/01/60minutes/main20049646.shtml?tag=contentMain;contentBody