Mortgage Gate Just Got Weirder: Counterfeit Court Summons

flippinwacko

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Dec 30, 2008
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Mortgage Gate Just Got Weirder: Counterfeit Court Summons | zero hedge

With each passing day, the revalations in mortgage-gate, which has for now implicated GMAC and JPMorgan in foreclosing on mortgages without titles, and will likely soon proceed through the entire mortgage origination industry like wildfire as more and more of those foreclosed upon begin to challenge the process (we wonder just what the statute on limitations for retroactive challenges is), are getting increasingly more bizarre.....

Today, courtesy of Alan Grayson's office we discover that not only are servicers foreclosing on mortgages to which nobody apparently owns the title, but that servicers, representing such reputable firms as Deutsche Bank National Trust Company, are willing to counterfeit court summons in their pursuit of a clean and efficient foreclosure mill. As Grayson's office points out: "Apparently what’s happening is that private process servicer companies may not be serving people with summons, and are simply counterfeiting the documents so they can keep the fees without doing the work. That means that you could theoretically be foreclosed on without ever knowing there was even a foreclosure case against you." What it also means, is that banks may have been participants in this outright criminal judicial fraud, which we are confident will be uncovered in many more cases, as this is highly unlikely to be an isolated case.
 

goldie

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Nov 19, 2009
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Mortgage Gate Just Got Weirder: Counterfeit Court Summons | zero hedge

With each passing day, the revalations in mortgage-gate, which has for now implicated GMAC and JPMorgan in foreclosing on mortgages without titles, and will likely soon proceed through the entire mortgage origination industry like wildfire as more and more of those foreclosed upon begin to challenge the process (we wonder just what the statute on limitations for retroactive challenges is), are getting increasingly more bizarre.....

Today, courtesy of Alan Grayson's office we discover that not only are servicers foreclosing on mortgages to which nobody apparently owns the title, but that servicers, representing such reputable firms as Deutsche Bank National Trust Company, are willing to counterfeit court summons in their pursuit of a clean and efficient foreclosure mill. As Grayson's office points out: "Apparently what’s happening is that private process servicer companies may not be serving people with summons, and are simply counterfeiting the documents so they can keep the fees without doing the work. That means that you could theoretically be foreclosed on without ever knowing there was even a foreclosure case against you." What it also means, is that banks may have been participants in this outright criminal judicial fraud, which we are confident will be uncovered in many more cases, as this is highly unlikely to be an isolated case.
Good article! I read the entire thing but just about gagged on the sentence..."such REPUTABLE firms as Deutsche Bank." Oh please, reputable? Ugh. Douche bank is more like it. "Where every customer gets hosed."
 

flippinwacko

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Dec 30, 2008
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4 seasons Idago
What really will forever haunt me, is the fact that so many people out there have already lost their homes...
Tried to work with banks by paying out thousands of dollars in trial payment plans....
Only to be yanked a year or so later...
Now have no money as the economy has gotten worse...
And have not one penny to fight with....
 

goldie

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Nov 19, 2009
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What really will forever haunt me, is the fact that so many people out there have already lost their homes...
Tried to work with banks by paying out thousands of dollars in trial payment plans....
Only to be yanked a year or so later...
Now have no money as the economy has gotten worse...
And have not one penny to fight with....
That totally sucks, but here is an answer to that one (not the best answer of course) but here it is:

YOU MAY BE ENTITLED TO CASH PAYMENT FOR WRONGFUL FORECLOSURE — Coming to a Billboard Near YOU « Livinglies's Weblog

That's exactly what BAC did to us, almost a year, offered us a crappy perm mod (non-MHA). We filed our suit 2 days ago. Finally! YIPPEE!:D
 

DHubie4

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Aug 25, 2010
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So, ya'll, when the heck are they going to include the misrepresentation of these "banks" with regard to the mortgage modification fiasco. I saw that moody's is investigating servicers to determine if they should downgrade their ratings as a result of potential losses for the "foreclosure fraud", BUT WHAT ABOUT ALL THE LOSSES FOR THE MISMANAGEMENT OF HAMP??? I'm thinking this is the tip of the iceburg. How many people could they have kept in their homes, and not taken the huge hits at the time of foreclosure. THey're so short sighted that they don't see the more they foreclose and broom those houses, the more values will go down, and the more they will continue to lose...and on and on and on...
 

DHubie4

LoanSafe Member
Aug 25, 2010
130
1
0
That totally sucks, but here is an answer to that one (not the best answer of course) but here it is:

YOU MAY BE ENTITLED TO CASH PAYMENT FOR WRONGFUL FORECLOSURE — Coming to a Billboard Near YOU « Livinglies's Weblog

That's exactly what BAC did to us, almost a year, offered us a crappy perm mod (non-MHA). We filed our suit 2 days ago. Finally! YIPPEE!:D
Awesome! Did you file based on the article?? May I ask how you did your research to back track the fact that BAC had no right to foreclose.