BREAKING - CITIBANK AND WELLS FARGO - ALSO COMMITTED MORTGAGE FRAUD PAPERWORK TO FORECLOSE - MERS!

Bank of America/Countrywide TICK TOCK

yes, they've ALL committed fraud, plain and simple.
No way these banks (ALREADY ZOMBIES!!) can weather this storm.

BURN MUTHAFUCKA BURN!

Good news. My aunt has a mortgage with Wells Fargo and she is a week away from having the Sheriff come and throw her out of her house so maybe this will help her.

So where does all this put the people they did loan modifications with during intent to, or foreclose preceedings?

What's happenning, and what will be the end result with the foreclosures they've stopped?

for a pin

If her loan is MERS, she needs to demand that Wells Fargo produce her original loan papers before they foreclose. If she's like me, her original loan was with some other agency (mine was with Rocky Mountain). At closing, we were told outright that our loan would be sold.

Yes, it is endgame as people around the world wake up and begin to wrap their heads around the full ramifications. This isn't just about MERS and mortgage fraud, the entire economic system is the deception that keeps TPTB in control. Banks by law aren't legally allowed to loan credit or depositor's money, so where do you suppose the promissory notes showing that they loaned money are? If they show it, they have committed a crime and if they don't show it, then they are admitting they didn't loan you any money. The paper fiat money was created via fractional reserve banking. The real avalanche starts once it sinks in that the world's governments, legal systems, and media have all been owned and created by this very system.

Holy crap.

It just gets better and better by the day.

"The entire industry is in meltdown mode and our fragile banking system cannot sustain it much longer (likely only a matter of weeks!"

As I understand it, as Banks bundled Mortgages to sell into MDS [Mortgage Default Swaps], they wanted to avoid the cost and trouble of recording the transfer of the Deeds of Trust. Some "bright" individuals came up with the idea of MERS - a clearing house for these transfers. Deed transfers were never officially recorded during this process. All the bankers, hedge funds and brokers went merrily along, bundling these mortgages and selling, re-selling, slicing, rebundling, re-selling etc. None of this was ever officially recorded, so the the original deeds are basically lost. So, if the forclosing bank cannot produce the "Original" loan documents and the "Original" Deed of Trust, they cannot prove in most courts that they are the true owners of the property. Consequently, in many States the courts are ruling in favor of the homeowners. All those holding the supposed "notes" [ie banks] discouver that they have nothing. Oops! Got to write done the value of their holdings some more. Oops! No longer capitalized sufficiently to meet government requirments.... more bailouts!

Another side to this coin is when all these MDS were bundled and "priced" they only allowed for about 10% of the value to be discounted to allow for re-financing and payoff of these notes [ie loans in the bundle that were no longer 'alive']. With interest rates getting cheaper and cheaper, more people than the estimated "10%" refinanced. Consequently, one could speculate that all these MDS are vastly overvalued. Can you say more write downs for Banks, Hedge Funds, and, dare I say, Pension Funds that hold these grossly overvalued MDS!

So, between worthless paper mortgages that the courts won't recognize as "valid", and the over valuation of other MDS due to a lot of the loans held in the MDS having been paid off either through refinancing or outright payoff, a lot of paper is being held by financial institutions that is basically either worthless or definitely NOT what it is valued as on their books/portfolios!

YIKES!! Pension holders might find their "Net Worth" has been drastically reduced... AGAIN....!

Of coarse, the 'Government' could change the rules to protect the financial institutions to "avoid financial meltdown", so once again the peoples are screwed!

Gee, what a coincidence that all these financial institutions just happen to all have committed the same type of fraud and it comes out just as the foreclosure inventory levels have reached a level that would only assure steady deflation in prices for several decades.

You know what this really is folks? TARP II the way it was pushed through under Pauslon just before the 08 elections would not be politically feasible again, so they are looking for a new tactic.

The FED announcement of further easing in November is a TOTAL red herring.

THIS WILL BE THE REAL BANK BAILOUT ROUND II.

Life is about to change for everyone that thinks they have a substantial amount of wealth in "their" 401k.

[link to www.dailyfinance.com]

Discusses John Kennerty signing docs - he's signed one of my documents and certainly a part of my lawsuit.....

has anyone heard if Goldman Sacs is in on any of this mortgage fraud? Or do they just rob people by other means?

I'm trying to keep up with all this. Besides the "money system" being screwed--and it has been for years and they've pumped it up somehow--what does this mean to the little people? What could happen?

Don't be sarcastic; I'm asking for real. How bad could this get?

unbelievable

You need to read a guy named Daryl Robert Schoon, that is how bad it could get.

*****

Fraud is fraud..and has no Staute of Limitations.. Don't limit it to "paperwork fraud".. it's contract fraud pure and simple.... and it's only just beginning..

IMO the reason the "Attorneys" did not want to attact the Judical states is because they would have to worry about having their BAR card pulled by a corrupt BAR card Judge.

What you are witnessing is the thousands of people that have had enough... and understand that an attorney does not work for them ... They work for the COURTS.. a private law system..

So in their own capacity as a living person they are doing administrative processes against the lenders.. and getting default judgments...(just like they do to us).. for not responding.. they cannot respond because they would have to perjur themselves or admit to fraud.. (on the private side you as a private person go after them in both their corporate and private capacity.. ).. There is no imunity..

If the Bank decides to try the courts you go in with your private side judgment and simply tell the Judge this case has already been settled privately...

This also applies to Credit cards, 3rd party debt collectors, and the IRS.. The Internal Revenue Service should not be confused with Internal Revenue.. The IRS is a 3rd party, for profit debt collecting agency... and has nothing to do with the government..

By the way... if your bank allows the IRS to levy and remove money from your account the bank is liable.. becasue the "Levy" is unlawfull... check it out.. Then bury the fuckers..

Y'all know this is a setup, right?

Sure, massive fraud was (is being) committed, and all individuals involved should hang.

But the sudden public "release" of this info has .gov written all over it.

For what purpose?

To confiscate all personal private property, of course.

And the sheep will cheer this confiscation all the way to the slaughterhouse.

where can we find Schoon's articles

No, I think it would happen incrementally. First they would "nationalize" all these mortgages who's title is in dispute. The existing "owners" would become tenants paying their "rent" to the treasury. Then, as each property is transferred say someone needs to move or death the title is transferred to the government. Incrementally, over time all private property is eliminated and everyone becomes a tenant, private property rights will disappear.

So bad that the ftse and the dja should go up by 6-1000 points..bad is good now ..excellent

[link to drschoon.com]

Darryl Robert Schoon examines the U.S. economy, predicting inflation, crashing markets and more in the near future:

[link to www.prweb.com]


Book Excerpt 3 in the right hand column is where we are now

Better link: [link to drschoon.com]

That's exactly what I'm implying. It's so rediculously obvious.

The best part is the the sheep morans will see all this as .gov saving us from the bankers. All hail Ceasar.

Bank of America said on Friday that it was reviewing documents in all foreclosure cases now in court to evaluate if there were errors.