Documents Show Citi and Wells Committed Foreclosure Fraud!

This made me so angry when I read this, I know of some folks who have been having all kinds of problems with Wells fargo that are in the home modification loan process. They have had nothing but troubles with the program. If anyone has been trying to save their homes, check out the article.

Documents submitted to a court are supposed to be true as submitted. As an attorney, if I file with a court a document in which I swore that I personally verified the information contained within the document is true, but I didn't actually do that, I'd get in real trouble. It's simple: That's fraud in the eyes of the court.

GMAC, JPMorgan Chase (JPM), Bank of America (BAC) and One West Bank employees routinely sign hundreds of documents without verifying what they're signing. Those documents are then submitted to courts as if the documents were true, to enable the banks to foreclose on delinquent properties. Wells Fargo (WFC) and Citigroup's (C) CitiMortgage told The New York Times their employees do not engage in similar practices. Yet, new evidence I've found shows they have. At deadline, I was still awaiting a response from CitMortgage.

See full article from DailyFinance: http://srph.it/cDFaTl

http://www.dailyfinance.com/story/credi ... /19657686/

Outdoor.......THIS problem is more wide spread than what you believe........the ENTIRE industry is involved in the fraud.....this is only
the tip of the iceberg....if you research the issue you will see just how complex and pervasive the problem is.

Home, I agree with you and what's going on. Just bothers me when I have friends who are losing their homes and Wells Fargo has not been honest with them. I am just venting, thanks for your response..

Well Guys this has been going on for a long time. The only thing it's only in 23 states. The reason why is of the difference between Judicial and Non-Judicial States. We are in a state that supports both but lean more to helping the banks foreclose. Perfect demonstration of this is the Rule 120 hearing. There are a few in Federal Court and it's hard to get them transferred from the county because of the quick action on Rule 120 hearing. A Lot of rights are being violated and the banks know that they can't get away with it in those states so they had to do something about it. If you would like to know more about the foreclosures and your rights go to [url=http://mountaingirlllc.com" onclick="window.open(this.href);return false;]http://mountaingirlllc.com[/url] and read over all the information there. Will be updating site by newest rulings and procedures that will be implemented.

Like the Regional VP for Bank of America last month told investors in Denver that they have a pilot program that is started. The pilot program is the day after you are late with your payment they will be calling you and telling you they can start foreclosure proceedings on the day after you are late and will be pressuring you to short sale your property.

Now depending on how well this works in Colorado will decide if the other banks will follow and they will take this to the other states that are like ours. Now isn't that nice.

Have had problems with BAC because they sent more than one monthly mortgage bill. Then they would try to decide where to apply the payment (if it doesn't show additional principal or escrow let it alone you F...sticks), then I get a late notice. I've never been late or missed a payment. So after many irrate phone calls I think its finally straightened out. Your payment also generates your next bill, so if they screw something up you don't get a bill, brilliant!

Just peachy, thanks Carolyn..I have had friends who went into the hamp program, only to be denied after making the required three payments on time, completing all required paper work, and then having Wells Fargo say..we can't help you. You have be denied..my heart broke for them. Any thoughts on what they can do? So many up here need help of any kind.

I knew it! I went through a closing a couple months ago and I couldn't be bothered to read all the forms and it was my house! I have to think the bank employees really don't want to read all that legalese either.

This is just a little ice in the glass, they have had ploys that would make you sick! What is really funny, they are the servicing company and not the note holder! Now By FEDERAL LAW..... The note holder is the one that can ONLY FORECLOSE ON YOU.

Second of all when you did your loan, if it was in the last 3 years, even if you re-fied. There are MOST LIKELY T.I.L.L.A. , H.O.P.A. and R.E.S.P.A. violations. So what does that mean? Well it takes your 3 day right of rescission and turns it into a 3 year right of rescission. You can actually use this as a bargaining chip to get your payments lowered, interest lowered, principal lowered and literally RESET the loan. Now this is not a Loan modification (which is a farce!) go read up on the mountaingirl site or give me a call and I can explain more.

rlcarolyn wrote: This is just a little ice in the glass, they have had ploys that would make you sick! What is really funny, they are the servicing company and not the note holder! Now By FEDERAL LAW..... The note holder is the one that can ONLY FORECLOSE ON YOU.

Second of all when you did your loan, if it was in the last 3 years, even if you re-fied. There are MOST LIKELY T.I.L.L.A. , H.O.P.A. and R.E.S.P.A. violations. So what does that mean? Well it takes your 3 day right of rescission and turns it into a 3 year right of rescission. You can actually use this as a bargaining chip to get your payments lowered, interest lowered, principal lowered and literally RESET the loan. Now this is not a Loan modification (which is a farce!) go read up on the mountaingirl site or give me a call and I can explain more.

Are you a mortgage FORENSIC specialist?Asking because a year or so ago I saw an ad in the Hustler regarding
mortgage investigation(forensics)and just HOW you can get back at the loan companies.