big banks at risk in foreclosure fraud

[Aecetia]

Are you saying you did or didn’t?

[scaredyclassic]

i am at grave risk of doing so. but forget me. isn’t this just the ultimate systemic risk? the system implodes. the govt floats the banks money. there’s giant pools of monies out there somewhere waiting to be tapped. the banks get sued for all their badness in these securitizations. investors here there and everywhere win some lawsuits. the money starts flowing out to the investors….and into the economy

wait, maybe this is all part of some master plan to funnel lots of cash out through the banks to people!!!!!!!! money circulates from the fed not int he form of debt but in the form of banks paying out massive judgments for fraud.

[scaredyclassic]

i am at grave risk of doing so. but forget me. isn’t this just the ultimate systemic risk? the system implodes. the govt floats the banks money. there’s giant pools of monies out there somewhere waiting to be tapped. the banks get sued for all their badness in these securitizations. investors here there and everywhere win some lawsuits. the money starts flowing out to the investors….and into the economy

wait, maybe this is all part of some master plan to funnel lots of cash out through the banks to people!!!!!!!! money circulates from the fed not int he form of debt but in the form of banks paying out massive judgments for fraud.

[scaredyclassic]

i am at grave risk of doing so. but forget me. isn’t this just the ultimate systemic risk? the system implodes. the govt floats the banks money. there’s giant pools of monies out there somewhere waiting to be tapped. the banks get sued for all their badness in these securitizations. investors here there and everywhere win some lawsuits. the money starts flowing out to the investors….and into the economy

wait, maybe this is all part of some master plan to funnel lots of cash out through the banks to people!!!!!!!! money circulates from the fed not int he form of debt but in the form of banks paying out massive judgments for fraud.

[scaredyclassic]

i am at grave risk of doing so. but forget me. isn’t this just the ultimate systemic risk? the system implodes. the govt floats the banks money. there’s giant pools of monies out there somewhere waiting to be tapped. the banks get sued for all their badness in these securitizations. investors here there and everywhere win some lawsuits. the money starts flowing out to the investors….and into the economy

wait, maybe this is all part of some master plan to funnel lots of cash out through the banks to people!!!!!!!! money circulates from the fed not int he form of debt but in the form of banks paying out massive judgments for fraud.

[scaredyclassic]

i am at grave risk of doing so. but forget me. isn’t this just the ultimate systemic risk? the system implodes. the govt floats the banks money. there’s giant pools of monies out there somewhere waiting to be tapped. the banks get sued for all their badness in these securitizations. investors here there and everywhere win some lawsuits. the money starts flowing out to the investors….and into the economy

wait, maybe this is all part of some master plan to funnel lots of cash out through the banks to people!!!!!!!! money circulates from the fed not int he form of debt but in the form of banks paying out massive judgments for fraud.

[BigGovernmentIsGood]

[quote=Aecetia]Just to spice things up on this thread: “All the rooms in Jocelyn’s house in Escondido had been painted beige, and the kitchen had been given an overhaul with new appliances and marble countertops. That’s because Wells Fargo & Co. had foreclosed on the property in August, and a new owner, West 11th Trust 356, had purchased the house and made improvements with the intention of putting it back on the market.”

http://www.nctimes.com/business/article_0fd85e5f-4567-51ff-ae53-2f6fd7c95c93.html%5B/quote%5D

I liked this quote:

Pines said he plans to sue everyone involved with the transaction: the real estate brokers, the lenders, the loan servicers, and anyone else he can find. But even more, he’d like to see these same players brought up on criminal charges of fraud.

Things are sure getting exciting. How long does the former ‘owner’ of a home have to reclaim it if the foreclosure was done improperly? It would suck to buy a foreclosed property at what you thought was a good deal only to have the previous ‘owner’ try to evict you because the foreclosure wasn’t proper.

[BigGovernmentIsGood]

[quote=Aecetia]Just to spice things up on this thread: “All the rooms in Jocelyn’s house in Escondido had been painted beige, and the kitchen had been given an overhaul with new appliances and marble countertops. That’s because Wells Fargo & Co. had foreclosed on the property in August, and a new owner, West 11th Trust 356, had purchased the house and made improvements with the intention of putting it back on the market.”

http://www.nctimes.com/business/article_0fd85e5f-4567-51ff-ae53-2f6fd7c95c93.html%5B/quote%5D

I liked this quote:

Pines said he plans to sue everyone involved with the transaction: the real estate brokers, the lenders, the loan servicers, and anyone else he can find. But even more, he’d like to see these same players brought up on criminal charges of fraud.

Things are sure getting exciting. How long does the former ‘owner’ of a home have to reclaim it if the foreclosure was done improperly? It would suck to buy a foreclosed property at what you thought was a good deal only to have the previous ‘owner’ try to evict you because the foreclosure wasn’t proper.

[BigGovernmentIsGood]

[quote=Aecetia]Just to spice things up on this thread: “All the rooms in Jocelyn’s house in Escondido had been painted beige, and the kitchen had been given an overhaul with new appliances and marble countertops. That’s because Wells Fargo & Co. had foreclosed on the property in August, and a new owner, West 11th Trust 356, had purchased the house and made improvements with the intention of putting it back on the market.”

http://www.nctimes.com/business/article_0fd85e5f-4567-51ff-ae53-2f6fd7c95c93.html%5B/quote%5D

I liked this quote:

Pines said he plans to sue everyone involved with the transaction: the real estate brokers, the lenders, the loan servicers, and anyone else he can find. But even more, he’d like to see these same players brought up on criminal charges of fraud.

Things are sure getting exciting. How long does the former ‘owner’ of a home have to reclaim it if the foreclosure was done improperly? It would suck to buy a foreclosed property at what you thought was a good deal only to have the previous ‘owner’ try to evict you because the foreclosure wasn’t proper.

[BigGovernmentIsGood]

[quote=Aecetia]Just to spice things up on this thread: “All the rooms in Jocelyn’s house in Escondido had been painted beige, and the kitchen had been given an overhaul with new appliances and marble countertops. That’s because Wells Fargo & Co. had foreclosed on the property in August, and a new owner, West 11th Trust 356, had purchased the house and made improvements with the intention of putting it back on the market.”

http://www.nctimes.com/business/article_0fd85e5f-4567-51ff-ae53-2f6fd7c95c93.html%5B/quote%5D

I liked this quote:

Pines said he plans to sue everyone involved with the transaction: the real estate brokers, the lenders, the loan servicers, and anyone else he can find. But even more, he’d like to see these same players brought up on criminal charges of fraud.

Things are sure getting exciting. How long does the former ‘owner’ of a home have to reclaim it if the foreclosure was done improperly? It would suck to buy a foreclosed property at what you thought was a good deal only to have the previous ‘owner’ try to evict you because the foreclosure wasn’t proper.

[BigGovernmentIsGood]

[quote=Aecetia]Just to spice things up on this thread: “All the rooms in Jocelyn’s house in Escondido had been painted beige, and the kitchen had been given an overhaul with new appliances and marble countertops. That’s because Wells Fargo & Co. had foreclosed on the property in August, and a new owner, West 11th Trust 356, had purchased the house and made improvements with the intention of putting it back on the market.”

http://www.nctimes.com/business/article_0fd85e5f-4567-51ff-ae53-2f6fd7c95c93.html%5B/quote%5D

I liked this quote:

Pines said he plans to sue everyone involved with the transaction: the real estate brokers, the lenders, the loan servicers, and anyone else he can find. But even more, he’d like to see these same players brought up on criminal charges of fraud.

Things are sure getting exciting. How long does the former ‘owner’ of a home have to reclaim it if the foreclosure was done improperly? It would suck to buy a foreclosed property at what you thought was a good deal only to have the previous ‘owner’ try to evict you because the foreclosure wasn’t proper.

[Aecetia]

Walter, I read someone else saying there is still a real estate bubble and because of the perfect storm of the Fed., Mers. fraud and insolvent banks that there is another leg down on real estate. I cannot print the link. The owner says no electronic reproduction without permission. I think you should look before you leap. You obviously are instinctively wary of buying now. Maybe you should listen to yourself. Another weird aspect is the stock market is up and so is gold. Usually if one is up the other is down.

[Aecetia]

Walter, I read someone else saying there is still a real estate bubble and because of the perfect storm of the Fed., Mers. fraud and insolvent banks that there is another leg down on real estate. I cannot print the link. The owner says no electronic reproduction without permission. I think you should look before you leap. You obviously are instinctively wary of buying now. Maybe you should listen to yourself. Another weird aspect is the stock market is up and so is gold. Usually if one is up the other is down.

[Aecetia]

Walter, I read someone else saying there is still a real estate bubble and because of the perfect storm of the Fed., Mers. fraud and insolvent banks that there is another leg down on real estate. I cannot print the link. The owner says no electronic reproduction without permission. I think you should look before you leap. You obviously are instinctively wary of buying now. Maybe you should listen to yourself. Another weird aspect is the stock market is up and so is gold. Usually if one is up the other is down.

[Aecetia]

Walter, I read someone else saying there is still a real estate bubble and because of the perfect storm of the Fed., Mers. fraud and insolvent banks that there is another leg down on real estate. I cannot print the link. The owner says no electronic reproduction without permission. I think you should look before you leap. You obviously are instinctively wary of buying now. Maybe you should listen to yourself. Another weird aspect is the stock market is up and so is gold. Usually if one is up the other is down.

[Author]

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