Only the banksters could get away with this:
TRUCKEE, Calif. — When Mimi Ash arrived at her mountain chalet here for a weekend ski trip, she discovered that someone had broken into the home and changed the locks....
The culprit, Ms. Ash soon learned, was not a burglar but her bank. According to a federal lawsuit filed in October by Ms. Ash, Bank of America had wrongfully foreclosed on her house and thrown out her belongings, without alerting Ms. Ash beforehand.
Ash was in the process of loan modification with Bank of America at the time. And they didn't just break in, they completely emptied the home, even taking "a wooden box, its top inscribed with the words 'Together Forever,' that contained the ashes of her late husband, Robert."
In Florida, contractors working for Chase Bank used a screwdriver to enter Debra Fischer’s house in Punta Gorda and helped themselves to a laptop, an iPod, a cordless drill, six bottles of wine and a frosty beer, left half-empty on the counter, according to assertions in a lawsuit filed in August. Ms. Fisher was facing foreclosure, but Chase had not yet obtained a court order, her lawyer says.
The break-in was discovered when a Canadian couple renting the house returned from the beach.
Turns out these and countless other Americans have become victims again. They're victims of the deficit peacocks.
WASHINGTON -- Despite mounting evidence of big banks committing serious fraud in the foreclosure process, the U.S. Senate eliminated $35 million in legal aid to homeowners trying to keep their homes.
The fund was wiped out in order to meet government spending caps advocated by Sens. Jeff Sessions (R-Ala.) and Claire McCaskill (D-Mo.), but will likely end up costing taxpayers much more in the long run, as wrongful foreclosures burn through the balance sheets of Fannie Mae and Freddie Mac. The slashing of the foreclosure-assistance fund is just one casualty of Washington's increasing bipartisan push to cut spending across the board....
Recent reports suggest severe, nationwide problems with the mortgage system. A survey of 96 attorneys found that banks started foreclosure proceedings on 2,500 borrowers who were negotiating a loan modification. The survey was conducted by the National Association of Consumer Advocates and the National Consumer Law Center.
There's no relief in sight from the administration, either. Treasury has refused to use any of the funds for the Wall Street bailout for homeowner legal aid. Much worse, the Federal Reserve is actually blocking new foreclosure regulations that would homeowners.
WASHINGTON -- Top policymakers at the Federal Reserve are fighting efforts to rein in widely reported bank abuses, sparking an inter-agency feud with the FDIC and the Treasury Department. The Fed, along with the more bank-friendly Office of the Comptroller of the Currency, is resisting moves to craft rules cracking down on banks that charge illegal fees and carry out improper foreclosures. The FDIC supports such rules, according to an FDIC official involved in the dispute.
The new regulations would rein in debt collection, loan modification and foreclosure proceedings at bank divisions called "mortgage servicers." Servicers have committed widespread fraud in the foreclosure process. While the recent robo-signing of fraudulent documents has received the most attention, consumer advocates have complained about improper fees and servicer mistakes that lead to foreclosure for years.
It's the banksters' world, and we're apparently to be considered lucky if we get to live in one of their houses, which is what they and the government consider them. It's hard to arrive at any other conclusion than dday does when it comes to the Fed, "They don’t want to stop the banks from breaking into your house." And your representatives in the Senate are fine with that.
Responding To TP Report, Huckabee Group Fires Scam Artist Who Defrauded Foreclosure Victims
On Tuesday, ThinkProgress reported that former Governor and current Fox News personality Mike Huckabee has been starring in a new health reform ad campaign run by a political consulting firm owned by a notorious scam artist. The firm Huckabee’s group had hired is 949 Media Group, a company run by Derek Oberholtzer — a notorious scam artist who ripped off foreclosure victims. Before going into political work, Oberholtzer ran a company that promised aid to people facing foreclosure. But prosecutors from Idaho and the federal government found that Oberholtzer had systematically robbed his customers by charging them with fees ranging from $595 – $1,500 without doing a thing to help them with their mortgages. Responding to ThinkProgress’s report, Huckabee colleague Ken Hoagland sent Max Brantley of the Arkansas Times a statement indicating that they will fire Oberholtzer:
Ken Hoagland, chairman of Restore America’s Voice said, “We have terminated the services of 949 Media after we saw a web report last night detailing prior complaints involving its participation in certain mortgage relief marketing activities.” Hoagland said that 949 Media was a subcontracting vendor “responsible for web consulting but was never tasked with any management or leadership role” within the growing national campaign, as originally reported. “We were unaware of the seriousness of the past issues with this vendor and we have taken immediate action to terminate the relationship. No public official working with us to repeal the healthcare act had any knowledge of nor relationship with any vendor or subcontractor,” said Hoagland.
Over the years, Huckabee has been accused of using non-profits to enrich himself and his family. Although it is unclear if Huckabee receives any monetary gains from his latest venture, it is laudable he has at least distanced himself from a scam artist like Oberholtzer.
buy generic how to lose weight fast online
Great <b>news</b>: Elected officials know less about the Constitution <b>...</b>
Great news: Elected officials know less about the Constitution than the public.
Rupert Murdoch's <b>News</b> Corp In Talks To Buy Daughter Liz's Shine <b>...</b>
UPDATE: That's the word from UK news media. It's just one of a number of options being considered by Shine, one of the UK's and America's biggest independent production companies -- it bought Ben Silverman's Reveille -- and thought to ...
Breaking <b>news</b>: EPA vetoes Spruce Mine permit « Coal Tattoo
This news is devastating to the Southern Coal Fields and our entire state. The Spruce Number One permit was issued years ago after undergoing a comprehensive permitting process. It is hard to understand how the EPA at this late hour ...
No comments:
Post a Comment