Showing posts with label Foreclosure. Show all posts
Showing posts with label Foreclosure. Show all posts

Friday, October 25, 2013

Half of nation's foreclosed homes still occupied


Its quite amazing this nonsense still goes on almost 5 years after 2008, banks who had no real money at risk of their own, insured against mortgage failures and collected it (and in many cases insured with 4 or 5 different insurance companies - which is insurance fraud - remember AIG insured debt against loss), then are able to foreclose on homes for which they own absolutely no title...violating all the laws that define what a mortgage is and how they operate... -Bill

Half of nation's foreclosed homes still occupied
By Les Christie | CNNMoney.com – 14 hours ago

Foreclosure sounds like the end of the line, but actual eviction can take months or years -- even after the bank has repossessed a home.

RealtyTrac estimates that 47% of the nation's foreclosed homes are currently occupied. The percentage actually tops 60% in some hot housing markets, like Miami and Los Angeles.
Those still living in repossessed homes include both former owners and renters. Either way, their time in the homes is mortgage and rent free.

To arrive at its estimate, RealtyTrac compared its database of foreclosed homes with postal records showing whether mail was still being collected and whether change-of-address forms had been filed.

Even when occupants leave voluntarily, old owners typically take about two months to vacate.
With renters, it can take a year or more. "If someone has a bona fide rental agreement, we have to abide by that," said Amy Bonitatibus, a spokeswoman for JP Morgan Chase.

One issue, according to Wells Fargo spokesman Tom Goyda, is that the eviction process can take months as it winds through the legal process. The timing varies widely based on local laws and the backlog of cases in individual courts.

Goyda said the bank has been trying to speed up the process by offering cash to prompt occupants to leave.

In addition, some states, like Alabama and Utah, have so-called redemption periods of up to a year during which former owners can get their home back if they can find the means to pay off their mortgages.

And banks may be in no rush to kick people out. They will take their time in markets with a lot of homes for sale and depressed prices. Plus, letting homeowners stick around can help protect homes from abuse.

"Although one thinks lenders take losses by not moving evictions forward, they're still faring better by keeping the properties occupied," said Pauliana Lara of the Consumer Action Law Group in Los Angeles, which works with homeowners to fight foreclosures. "Many foreclosed homes get vandalized or squatters move in."

Tuesday, February 5, 2013

OPPT: FOR IMMEDIATE RELEASE
FORECLOSURE ON MAJOR CORPORATIONS

Sunday, January 27, 2013

New York's U.S. Bankruptcy Court Rules
MERS's Business Model Is Illegal




http://www.huffingtonpost.com/l-randall-wray/new-yorks-us-bankruptcy-c_b_824167.html

New York's U.S. Bankruptcy Court Rules MERS's Business Model Is Illegal

L. Randall Wray - Professor of Economics and Research Director of the Center for Full Employment and Price Stability, University of Missouri–Kansas City

Posted: February 16, 2011 03:00 PM

United States Bankruptcy Judge Robert Grossman has ruled that MERS's business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. MERS is dead. The banks are in big trouble. And all foreclosures should be stopped immediately while the legislative branch comes up with a solution.

For some weeks I have been arguing that MERS is perpetrating foreclosure fraud all across the nation. Its business model makes it impossible to legally foreclose on any mortgaged property registered within its system -- which includes half of the outstanding mortgages in the US. MERS was a fraud from day one, whose purpose was to evade property recording fees and to subvert five centuries of property law. Its chickens have come home to roost.

Friday, September 21, 2012

UPDATED 9/23/2012: TREASURY TO FORECLOSE FEDERAL RESERVE SYSTEM?

Updated: 9/23/2012 I sent this inquiry to Benjamin Fulford:

Date: Fri, 21 Sep 2012 12:11:54 -0700
Subject: FED FORECLOSED BY US TREASURY?
From: americankabuki@gmail.com
To: benjaminfulford@hotmail.com

Can you or your sources confirm this?  I have a concern this might be a Lydon LaRouche PR stunt to attract Ron Paul followers.  Would like to know also what Keenan thinks of this?

http://americankabuki.blogspot.com/2012/09/treasury-to-foreclose-federal-reserve.html


Fulford Benjamin
8:21 PM (14 hours ago)


to me 

Several groups have done copycats of what Neil Keenan did but if the men with guns ignore it, then it is just an empty gesture. 

Benjamin Fulford 古歩道ベンジャミン  

=========================================

This was posted at this Australian blog of all places, the UCC filings are indeed real.  What I don't know if its anything related to what Neil Keenan is doing or if this is an independent effort. My comments are in red, all others in black are the original author's writing. -AK




TREASURY TO FORECLOSE FEDERAL RESERVE SYSTEM
POSTED BY NESARA AUSTRALIA
SEPTEMBER 21, 2012

FILED UNDER  COMPTROLLER OF MARYLAND, DEFENSE FINANCE AND ACCOUNTING SERVICES, DEFENSE PENTAGON, E PLURIBUS UNUM, U S TREASURY DEPARTMENT, US DEPT OF TREASURY

The US Dept of Treasury is set to foreclose on “the Fed” by virtue of filing a UCC-1 financing statement and a lien on the Federal Reserve System.

The IRS and other parties is/are also listed as a Secured Party Creditor in accordance with the IRS becoming a benevolent organsization.
———————————————————————————————————————

It’s a UCC Financing statement  (File #0000000181425776) AMENDMENT which was done on August 12th of this year.  And you know who the debtor and secured parties are?

http://sdatcert3.resiusa.org/UCC-Charter/UCC_AckDetails.aspx?AckNumber=1000362002135657&FileNumber=0000000181425776&EntityName=THE+FEDERAL+RESERVE+SYSTEM&CurrentOnly=true

Debtor Information for File Number: 0000000181425776
Name Address

THE FEDERAL RESERVE SYSTEM

20TH STREET, N.W. WASHINGTON, DC 20551
[Note: See photo above -AK]

E PLURIBUS UNUM THE UNITED STATES OF AMERICA 
1500 PENNSYLVANIA AVENUE, NW WASHINGTON, DC 20220 U.S.

[Note: The above is US Treasury address, not sure why its here and below, except for possibly the intermingling of FED and TREASURY in the same offices.  -AK

Further note:  The Treasury Building is used primarily for executive offices, the Secretary of the Treasury and Deputy Secretary occupying suites on the third floor. Despite its size, the Building can accommodate only about 10 percent of all Treasury personnel located in Washington.]

DEPARTMENT OF DEFENSE FINANCE AND ACCOUNTING SERVICES
1400 DEFENSE PENTAGON WASHINGTON, DC 20301 – 1400

COMPTROLLER OF MARYLAND 1101 WOOTON PARKWAY ROCKVILLE, MD 20852

Monday, February 27, 2012

MERS's Business Model Is Illegal
New York's U.S. Bankruptcy Court Rules

This just in from the Huffington Post. Huge good news for beleaguered home owners in this down economy. 


United States Bankruptcy Judge Robert Grossman has ruled that MERS's business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. MERS is dead. The banks are in big trouble. And all foreclosures should be stopped immediately while the legislative branch comes up with a solution.
Its business model makes it impossible to legally foreclose on any mortgaged property registered within its system -- which includes half of the outstanding mortgages in the US. MERS was a fraud from day one, whose purpose was to evade property recording fees and to subvert five centuries of property law. Its chickens have come home to roost.