Loan | Georgia's Corrupt Judicial System

WTF?

The Georgia Supreme Court determined back when they made the ruling on the You case, that the foreclosing entity does not have to hold the Note, does not have to hold the security deed, and does not have to have an interest in the loan.’

It should not surprise anyone, they had been allowing it to go on for a long time. Now, I am seeing the people who were foreclosed upon between 4 and 6 years ago, are being foreclosed upon again, but this time, by someone new, a different Lender, that never existed. One day the real Lender will come, and they too will foreclose on the borrower.

Has everything gotten so bad, that the courts just don’t care? What ever happened to contract law? Are they going to allow all contracts to be violated by lenders, or just when it comes to real property?

I saw someone the other day, Bank of America had allegedly foreclosed upon the man. Bank of America not only foreclosed, but evicted the man as well. Bank of Americas name is on the Deed Under Power. Bank of America swore under Oath that they were the current party with right to foreclose. A month and a half later, US Bank sold the property to a third party, because they claim that they were the party with rights to the property.

So lets’s get this straight, when did Bank of America turn into US Bank? There was nothing in the record showing Bank of America had any claim to the Note or Deed, nothing showing that Bank of America is anything to the loan. The Deed Under Power of Sale, has Bank of America’s name on it, with some of those squiggly marks that the foreclosing attorneys have been signing for years, to create a fictional assignment. But… US Bank be damned, they were going to get some of that action. So without any documentation recorded anywhere, of any kind, US Bank sold the property to a third party.

AG Biden Says $25B Settlement Not the End, Securitization Next

mortgagenewsdaily.com | May 16, 2012

Delaware Attorney General Beau Biden said recently that the states’ attorneys general need to make it clear that the recent $25 billion settlement with five major banks is the beginning not the end of their enforcement actions. Biden, speaking on MSNBC’s Morning Joe said the savings and loan crisis cost the economy $168 billion and 1,000 people went to jail. "This crisis, which was man made," he said, "cost the economy trillions and I can’t really find anyone who has been held accountable."

Show co-host Willie Geist asked Biden who he was focusing on, who did he think should be in jail? Biden said one area he, New York Attorney General Eric T. Schneiderman and others are looking at is the securitization aspect, "whether or not there were false securities, mortgage-backed securities, sold to investors. That affects borrowers as well."

He noted that Missouri Attorney General Chris Koster recently indicted DOCX and its CEO Lorraine Brown. This is relevant, Biden said, because this woman has become famous, on 60 Minutes and so forth, because she signed thousands upon thousands of foreclosure affidavits. "Chris Costner indicted her for forgery. That’s the kinds of thing we need to begin to do." He said that investigations need to go beyond robo-signing and that people must be held accountable. "People are angry," he said. "Republicans, Democrats, Tea Partiers and 99 Percenters are all angry that no one has been held accountable for something they know is obviously fraught. And that’s my job as AG."

Certified Forensic Loan Auditors, LLC | AG Biden Says $25B Settlement Not the End, Securitization Next