Zerohedge is reporting Bank of America has stopped issuing mortgage default notices in non-judicial states!!
That is huge, that means they are not going forward with foreclosures, if they are not sending out notices of default anymore!
This is for the non-judicial states, which the banks have continued their foreclosures in. People have to sue the banks to stop foreclosures in non-judicial states, of which there are 33 states that have non-judicial foreclosure proceedings.
I figured out WHY they are not sending out notices now!
People have started fighting their foreclosures in non-judicial states and they have won in many cases, including the Massachusetts Supreme Court case, two weeks ago.
So.... if you are a bank and too many people are getting smart and fighting foreclosures and that is getting more publicity, thus causing more people to fight a foreclosure, what would be your best course of action?
Stop issuing notices of default of course and stop foreclosing at this time, then the bank waits until this July to issue defaults and foreclosure notices! Once July hits, no one will be able to sue against a foreclosure by the banks! So they are willing to let people stay in their homes and not start foreclosure proceedings at this time!
I would not be surprised if other banks start following Bank of America's lead, by stopping foreclosures and notices of default in the next few weeks.
The foreclosure rate will most likely go down drastically until July for the country, but then in July it will shoot to the moon. In July, there will probably be millions of foreclosure notices hit everywhere around the country
So, don't think the banks are being nice now and acknowledging their own fraud by stopping default notices and foreclosures, they are simply waiting until people can not fight a foreclosure, due to the Federal Reserve changing our laws and rights of TILA (Truth in Lending Laws). !
So, those with loans where Bank of America services them, don't get too excited about BOA deciding not to take action against any one at this time. They are simply willing to wait a few months and let people live in their houses and then they will jump on the people like the sneaky stealing bankrupt everyone they can bank, that they are.
If I was a BOA person, I would be demanding they give me something in writing about their intentions of default of my loan and I would still sue them, before there is not the possibility to do so, come July.
Also, how many people have called Ron Paul about the Federal Reserve changing our TILA laws and rights, who are reading this? His number is in the other post, I personally have not heard back from anyone there, but I will be calling once more.
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ReplyDeleteForeclosure claimants, even in non-judicial foreclosure states, MUST have PROOF of the right to enforce the ORIGINAL promissory note and mortgage agreement.
Send the "Servicer," bank, mortgage company, whatever, a letter of inquiry requiring said "servicer" schedule an appointment at a specific time, on a date certain, at a place certain, for you to INSPECT the ORIGINAL promissory note and mortgage agreement, with your witnesses.
All the same laws about STANDING -- STILL APPLY to the servicer claiming the right to enforce the ORIGINAL promissory note and mortgage agreement through foreclosure, even in non-judicial jurisdictions.
You are just in a different "court."
YOU conduct this court via registered mail through the United States Post Office.
It doesn't matter what kind of propaganda the banksters throw at you.
YOU CANNOT GET A COPY OF A SECURITY CASHED. That is, if the one you are asking to actually cash a copy of a security has more mental acuity than a potato.
A PHOTOCOPY IMAGE OF A BABY ON A PIECE OF PAPER IS NOT THE BABY!
A PHOTOCOPY IMAGE OF A PROMISSORY NOTE AND MORTGAGE AGREEMENT IS NOT THE REAL PROMISSORY NOTE AND MORTGAGE AGREEMENT!
A photocopy image of a promissory note and mortgage agreement is COUNTERFEIT, FORGED, PHOTO-SHOPPED, AND FRAUDULENT!
The banksters CANNOT establish ownership and possession of the ORIGINAL promissory note and mortgage agreement. All of those ORIGINALS are GONE! How STUPID, STUPID, STUPID, of the banksters and their BAR-FLY whore attorneys.
What note? What mortgage agreement?
You banksters try to flim-flam me with a COPY of a purported-to-exist promissory note and mortgage agreement?
You banksters are criminally liable under Title 18, United States Code, of COUNTERFEITING a security.
If your claim to enforce the Note AND the mortgage agreement is valid, PRODUCE THE ORIGINAL promissory note and mortgage agreement.
Otherwise you, bankster, have NO JUSTICIABLE CLAIM!
"It ain't no fun when the rabbit's got the gun!"
Learn about the real "Achilles heel" of the bankster's scam.
Stop being spooked by every whisper and innuendo from the media and the banksters.
Sheesh!
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