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Bringing Up the REAR – Charles Gasparino, Fox Business Network

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  • Michael Harbert | | 10 Apr 2012, 11:14 AM Agree 0
    See above web site... Lenders become unsecured creditors via Quiet Title suits. Happy days are here again !
  • Dan | | 06 May 2012, 10:29 AM Agree 0
    So where's Charlies outrage with the lenders who cheated the hell out of the investors in the Securitized Trusts?

    The same banks that made mortgages by advertising No Income, No Assets, No problem because they weren't going to keep the mortgage long enough to care if the payments were made, have hoisted themselves on their own petard, and so be it.

    Banks didn't just do "sloppy" paperwork. By not insuring that notes were indorsed and assignments made in a timely manner: They BROKE THE LAW.

    Specifically in NY they violated EPTL § 7-2..4, by acting in contravention of the Trust. Trust Law & REMIC statutes are serious business meant to protect us all.

    The banks want to foreclose by taking homeowners to court and using the law to enforce the contract to pay.

    Well, they can't have it both ways. If they want to use those laws to make money, then they have to comply with them.

    Homeowners are entitled to protect their interest by making the bank prove it has clean hands and have also complied with their contracts under the law. They have to prove ownership of the note and mortgage or go scratch....

    The laws regarding title in the US are centuries old, and these criminal bankers have damaged an age old land title tracking system.

    Furthermore, they have created the scheme called MERS to cheat the counties out of their recording fees, and hide their actions from the public.

    In NY MERS has been deemed invalid. Banks are now being made to pay for their actions.

    Sorry Charlie, It's Just Business !!!
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