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  #1  
Old 09-02-2011, 03:06 AM
padrino's Avatar
Un Italiano vero
 
Join Date: Oct 2009
Location: USA
Posts: 14
Are you sure that your home is YOURS???

I just came across this and made me sick.

NEW YORK (AP) Counties across the United States are discovering that illegal or questionable mortgage paperwork is far more widespread than thought, tainting the deeds of tens of thousands of homes dating to the late 1990s.
The suspect documents could create legal trouble for homeowners for years.
Already, mortgage papers are being invalidated by courts, insurers are hesitant to write policies, and judges are blocking banks from foreclosing on homes. The findings by various county registers of deeds have also hindered a settlement between the 50 state attorneys general who are investigating big banks and other mortgage lenders over controversial mortgage practices.
The problem of shoddy mortgage paperwork, which comprises several shortcuts known collectively as "robo-signing," led the nation's largest banks, including Bank of America Corp., JPMorgan Chase & Co., Wells Fargo & Co., and other lenders to temporarily halt foreclosures nationwide last fall.

http://news.yahoo.com/robo-signed-mortgage-docs-date-back-1990s-213439564.html

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  #2  
Old 09-02-2011, 06:16 AM
TwitchKitty's Avatar
Я не хакер
 
Join Date: May 2004
Location: Varies
Posts: 4,116
Thanks for the link. Always like to keep an eye on the pirates and thieves overseeing our little plantation we call the US.
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  #3  
Old 09-02-2011, 10:13 PM
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Join Date: Dec 2007
Posts: 5,061
there was a recent televesion special on this (CNBC, I believe...)...unbelievable what the banks are doing. Some homeowners are taking the banks to court over this fraud and WINNING.
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  #4  
Old 09-02-2011, 11:06 PM
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Join Date: Nov 2002
Location: Milford, CT
Posts: 19,306
Banks make mistakes big news.

I'm buying two lots off a house now, three lots total one has the house on it. The bank screwed up and only leaned one lot, not the house and other lot. So in theory the home owner could sell off the other lot and house and leave the bank hanging.
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  #5  
Old 09-02-2011, 11:15 PM
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Join Date: May 2011
Location: NYC
Posts: 5,385
Technically my building owns it, though I own a share in the building
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  #6  
Old 09-03-2011, 02:07 AM
compress ignite's Avatar
Drone aspiring to Serfdom
 
Join Date: Feb 2004
Location: 32(degrees) North by 81(degrees) West
Posts: 5,554
Planet's Economy ALMOST destroyed,Thanks to American Banksters

Explain to me, AGAIN, Why NOBODY in this group is in JAIL:
"Everybody on Wall St."
The Commercial Banks
Mortgage Operators
Realtors
Speculators
Ratings Agencys
Federal Banking Regulators
and last but not least, BUSHCHENEYOILMONEY
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  #7  
Old 09-03-2011, 09:01 AM
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Join Date: Apr 2006
Location: Inside a vortex
Posts: 624
note to self: call MedMech to verify.

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