Is Suspending Our Constitution To Save Banks From Wrongful Foreclosure Wars Justice?
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Foreclosure Wars has banks seeking help through our government to suspend the constitution and due process so they can save face with all the errors and wrongful doings of their so called loan mortgage servicing! Not only are the banks in a world of hurt over the foreclosure controversy, the government has their own stakes and investments! Freddie Mac and Fannie Mae has literally handed over property to the government through fraudulent foreclosures!
Its a Lose Lose situation for homeowners who have already or in the process of this foreclosure trap by taking away their rights of defense of due process for wrongful servicing practices and fraudulence is offensive and damaging to the homeowner. Its also leaves little justification trust through the judicial and legal process for homeowners who have legitimate foreclosure counter claims which could be taken away by the constitution suspension. Rights to the Homeowners can be suspended while banks and government are rewarded for their part by changing the "Rules of Civil Procedures" and breaking the law!
Its a Lose Lose situation for homeowners who have already or in the process of this foreclosure trap by taking away their rights of defense of due process for wrongful servicing practices and fraudulence is offensive and damaging to the homeowner. Its also leaves little justification trust through the judicial and legal process for homeowners who have legitimate foreclosure counter claims which could be taken away by the constitution suspension. Rights to the Homeowners can be suspended while banks and government are rewarded for their part by changing the "Rules of Civil Procedures" and breaking the law!
Top Opinion
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Arizona1950 2010/11/29 03:55:01
https://sites.google.com/site...
"Although increasing numbers of courts are continuing to reject improper and fraudulent foreclosures, the Congressional Foreclosure Panel examination of mortgage services and foreclosure practices did not include foreclosure lawyers.
Lawyers are officers of the court; knowledge of applicable laws and civil procedure is not required from mortgage lenders, nor loan servicers. In states that require judicial foreclosures, lawyers are the ones who file lawsuits to seize and sell property; and lawyers are responsible for filing and recording foreclosure property deeds.
An investigation could prove helpful to sorting out whether improper and illegal foreclosure proceedings are linked to any self-dealing conduct disadvantaging lenders, investors, homeowners, and city governments. . .”
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PETITION: Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers
http://www.change.org/petitio...
Since banks where just agents for the derivatives (a financial instrument or, more simply, an agreement between two parties) that has its value, based on the expected future price movements of the asset to which it is linked.
Considering that - who actually invested into the home loans how where they refinanced and finally by whom?
Throughout the world many investors simply lost there investments.
Some loans where not even guarantied by this banks.
What that means? you may figure it out...
THE GOVERNMENT, BECAUSE OF THEIR DEFENSE AND OPERATION OF FANNY MAE AND FANNY MAC, ALONG WITH THE CONGRESSMEN THAT ENACTED IT AND MAINTAIN THE STATUS QUO. THE BANKS BECAUSE THEY WENT ALONG WITH THE
THE GOVERNMENT TO ALLOW ALL THE SLEAZY MORTGAGES, TO APPROVE THEM FOR THOSE THAT THEY KNEW WOULD NEVER PAY THEM BACK, OR THAT WE ILLEGAL, AND WITHOUT ACCEPTABLE CREDIT. ALONG WITH ARM AND SUB-PRIME MORTGAGES, OR WHATEVER OTHER EXCUSE THEY USED. THE OTHER BEING THOSE PEOPLE THAT FOR NOT OTHER REASON, SIGNED A MORTGAGE THAT THEY COULD NOT AFFORD. OR HAD NO LOGICAL REASON TO BUY SOMETHING LARGER THAN WHAT THEY COULD OCCUPY WITH THEIR FAMILY. A FAMILY OF FOUR, DOES NOT NEED A HOUSE WITH SEVEN BEDROOMS. ANYMORE THAN A COUPLE OR SINGLE PERSON NEEDS TWELVE ROOMS.
AS FOR THE FOR CLOSERS ITS THE BANKS FAULT. AND I THINK THAT EVERY ONE THAT THEY ISSUED UNDER FALSE PRETENSE NEEDS TO REPAY THOSE PEOPLE WHO LOST THEIR HOME BECAUSE OF THE BANK, OR THE GOVERNMENT. BUT THAT HAS NOTHING TO THE SUSPENDING OF THE CONSTITUTION.