Sunday, March 13, 2011

The Case Against Washington Mutual Bank and California Reconveyance Company

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On March 10, 2011 three highly respected members of the California Office of the Attorney General participated in a teleconference meeting with five members of the WAMU Chase Homeowners Action Alliance.  Please find below the agenda and outline of three presentations and our list of recommendations to deal with the fraud perpetrated on borrowers in California was Washington Mutual Bank, Washington Mutual Bank FA, and California Reconveyance Company. This information is based on official documents, personal experiences of the participants, and information in the public domain.


AGENDA 

Thursday, March 10, 2011  3:30 – 4:30 PM

Representing the San Francisco, California Office of Attorney General:  Kathrin Sears, Supervising Deputy Attorney General, California Department of Justice, Office of the Attorney General; and schedule permitting, Joseph A. Ragazzo, Deputy Attorney General and Benjamin Diehl, Deputy Attorney General

Representing the WAMU Chase Homeowners Action Alliance:  Brenda Reed, James Kelley, Levanson Coffey & Tess Schoenbart


3:30 PM          Welcome and Purpose, chairperson:  Brenda Reed
                        Introductions
                  
3:35 PM          WAMU’s lending practices and impact on foreclosure crises in CA:  Brenda Reed

3:45 PM          Washington Mutual Bank, FA – history and issues of legal status,  standing, and       fraudulent foreclosure practices:   James Kelley

4:00 PM          California Reconveyance Company’s foreclosure practices; JPMorgan Chase’s standing, and failure of Chase/WAMU loan modification program:   Deontos

4:10 PM          Testimonial : Tess Schoenbart

4:15 PM          WAMU Homeowners Bottom Line:  Brenda Reed

4:20 PM          Questions and Commitments, Next Steps
      • Engaging the National WAMU Homeowner's Support Grouop as “Party of Interest”
 4:30 PM          Adjourn

A HISTORY OF WAMU’s LENDING PRACTICES AND IMPACT ON CALIFORNIA

 Goals for the meeting:

1.   To address concerns with WAMU and JPMorgan Chase as to issues of fraud and the impact on Californians.  Most significantly the Attorney General has the ability to convince a court that certain conduct by lenders, servicers and their agents are unfair and deceptive acts on behalf of our citizens.
2.   To have California recognized as the leader of the 50 states and demonstrate that California is serious about addressing these issues. We are hoping that our Attorney General can and will act where other agencies have failed.
3.   To call for sanctions as well as substantive settlements that protect the citizens of the great state of California as we move forward We pray that The Office of the Attorney General with move forward quickly and expeditiously with your investigations, sanctions, prosecutions, and settlements.

WAMU’S MOTTO --  FRIEND OF THE FAMILY.

WHAT FRIEND OF THE FAMILY DESTROYS THEIR DREAMS, DEVASTATES THEM FINANCIALLY, AND SEIZES THEIR HOME.

WHAT WE HAVE ARE BROKEN DREAMS, BROKEN LIVES, BROKEN FAMILIES, BROKEN COMMUNITIES, AND BROKEN BANKS.

WE COME TO YOU TODAY TO RIGHT THIS WRONG.

CAUSES OF WAMU’S FAILURE:

Pursuit of high-risk lending strategy  -- Story of Greed
  • 2005, WAMU management shifted strategy away from originating traditional fixed rate & conforming single family residential loans towards riskier nontraditional loan products and subprime loans
  • Purpose – to compete with Countrywide Financial Corporation which in 2005 WAMU’s CEO saw as “arguable the strongest competitor.” & boost its bottom line.
  • WAMU in 2006 estimated its internal profit margin from subprime loans could be more than 10 times for a gov’t backed loan product and more than 7 times for fixed rate loan product  Subprime Loan = 150 basis points return
  • Home Equity = 113 basis points return
  • Option ARM = 109 basis points return
  • Fixed rate = 19 basis points return
  • Gov’t backed = 13 basis points return
  • Liberal underwriting standards
  • Inadequate risk controls.

Housing & Market Collapse in 2007
  • Created loan losses
  • Borrowing limitations
  • Falling stock price
  • 2008, depositor withdrew significant funds after other high profile bank failures & rumors of WAMU’s problems
 High Risk Lending Practices

  • OPTION ARMS made up one-half of all loan originations  during 2003-2007.
    • 2007, 47 % or about $59 billion were in Option ARMS
    • Low introductory “teaser rate” in place.
    • End of 2007  84% were negatively amortizing
  •  SUBPRIME LOANS2007 loan portfolio was c $16 billion or 13% of portfolio

Systemic Underwriting Weaknesses:
  • Underwriting policies & practices made high-risk products riskier
  • Stated income loans or ”low doc” loans --- without supporting documentation.  Liars loans.
    • 90% of all WAMU home equity loans were "low doc" or "liar loans."
    • 73% of Option ARMS
    • 50% of subprime loans
    • High loan to value ratios often in excess of 80% of value of underlying property
    • Borrowers were not required to purchase PMI (private mortgage insurance in case of default)
  • Failed to provide adequate oversight of 3rd party brokers who were compensated for originating most of WAMU mortgages but were not WAMU employees.
    • 2007 – 14 WAMU employees were overseeing 34,000 3rd party brokers 
    • 2007 WAMU identified fraud losses to 3rd party brokers of $51 million for subprimes & $27 million for primes
 Concentrations of Loans in California and Florida
  • Source: 12/31/2007 WAMU 10-K states the following loan concentrations: 
    • 49% Option Arms in CA  (13% in FL)
    • 25% Subprimes in CA   (10% in FL) 
    • 53% Home Equity in CA  (9% in FL) 
    • 25% of loans were concentrated in one metropolitan statistical area
 Wamu Mergers and Acqusitions 1991 – 2006
  • 1991 – 2001 acquired 9 institution  $137.16 billion in assets
  • 1/1/2005    Merged with affiliate Washington Mutual Bank Seattle $28.77 billions in assets
  • 10/1/2005 acquired Providian Nat’l Bank  $13.10 billions
  • 3/1/2006  merged with affiliate Long Beach Mortgage Co.  $13.11 billions
  • 10/1/2006  acquired Commercial Capital Banks FSB  $5.67 billions
  •  9/25/2008 Washington Mutual Bank merged with FDIC financial assistance and operates as part of JPMorgan Chase Bank, NA in Columbus, OH.  Purchase and Acquisition Agreement has not been finalized.  Pending litigation.
 California Foreclosure Rates
  • 1 in 92 housing units in foreclosure in CA
  • 67,072 new foreclosures in Jan 2011
  • 19,357 homes in CA scheduled to be auction the week of March 14th
  • Jan 2011  1 in every 200 rec’d foreclosure filing
  • 5,000,000 borrowers in USA in Feb 2011 were 2 months behind
  • Over 1 million homes repossessed nationally in 2010
  • Kerry K. Killinger, former CEO of  Wamu
  • 1.2 million predicted for 2011
WAMU FRAUD 

Senate committee presented evident that WAMU executives knew about the fraud & knowingly failed to take action.

  • 2005 WAMU conducted an internal investigation – results were sent to David Schneider, president of Home Loans, and shared with Kerry Killinger, CEO of WAMU at that time.
  • No action taken.
  • Killlinger's goal was to turn WAMU into the "Wal-Mart of banking" and cater to lower and middle class patrons.  
  • "We hope to do to this industry what Wal-Mart did to theirs, Starbucks did to theirs, Costco did to theirs and Lowe's-Home Depot did to their industry. And I think if we’ve done our job, five years from now you’re not going to call us a bank."  

                                                                                                                          
  • "The Power of Yes" ad campaign, introduced by WAMU during the 2003 Academy Awards k\ to promote the offering of loans to all consumers, particularly borrowers that the banks deemed too risky. Another commercial in the ad series showed WaMu representatives in casual clothes, contrasting with traditionally-dressed bankers in suits.   
  • "Whoo hoo!" was an advertising campaign introduced by Washington Mutual in February 2008. As fears of an economic crisis were rising, and WaMu was looking to become an "iconic brand that people love", they began courting consumers with a new slogan, designed to position WaMu as a consumer-friendly institution

  • Top producing offices in CA – WAMU internal investigation found that in Southern California that Subprime lending fraud was out of control.  

  • One office in Downey 58% of the mortgages were fraudulent.  
    • One borrower was photographed as a mariachi player as his only proof of income.
    • One home photographed by the appraised defaulted; it was in fact a vacant lot.
    • Misled borrowers.
    • Lied about income and assets.
    • Fraudulent cut and pastes on documents. 
  • One office in Montebello the rate of fraud was 83%.
  •  WAMU took no steps to address the problems.  
Examples of fraud: o   Phony IDs for borrowers
o   Buyers acting as fronts for real buyers
o   Phony credit histories
o   Process requirements waived

o   In one Long Beach Mortgage office that sales people sometimes cut and pasted borrowers' names on false bank statements.


  • WAMU failure was caused by greed and more greed.  Just say "Yes."  Rewards to mortgage brokers and real estate brokers such as one month first-class vacations in places like Jamaica and Hawaii. Huge commissions paid out. Atmosphere of anything goes as long as the loan gets made.  Too bad about the homeowner and what lies ahead.
  • WAMU motto was “Friend of the Family” 
  • WAMU Rap at an employee retreat in Hawaii:  "I like big bucks and I cannot lie/You mortgage brothers can't deny  "That when the dough roles in like you're printin' your own cash/  And you gotta make a splash."  
  • People who had Option ARMS didn’t understand them; flagship WAMU product; Senate committee found that sales people were trained to convince borrowers that they could simply finance if they got in trouble as housing prices were soaring
  • WAMU paid huge commissions to brokers & loan officers – worst the terms of the loan for the borrower, the better the commission.
  • Mastered the art of the “liar’s loan." 
  • Most popular subprime loans used low “teaser” rates for first 1  to 3 years when rates shot up dramatically when the teaser expired.  Borrowers caught in loans on which they could not make their payments unless they refinanced into another teaser rate; were told up front that this was the solution.
  • People selling the mortgages received huge bonuses and trips to Hawaii for high volume lending. 
  • WAMU’s chief risk officer (hired to control risk) had 35% of her pay tied to growth & only 25% to risk Management.
CEO KERRY K. KILLINGER WAS COMPENSATED MORE THAN $103 MILLION 2003 – 2008.  HE EARNED $25 MILLION IN 2008, THE YEAR HIS BANK DIED.
AFTER 3 YEARS NO ARRESTS HAVE BEEN MADE.
NO ONE HAS GONE TO JAIL. 
NOT KERRY KILLINGER.  
NOT DAVID SCHNEIDER.  
NOT JAMIE DIMON.
NOT THE WAMU BROKERS OR EMPLOYEES. 
NOT ANYONE.


WAMU was certainly NO FRIEND OF THE FAMILY.  The impact on our society is devastating.
  • Families ripped from their homes.
  • Belongings tossed into the streets.
  • Families living in their cars, on the streets, or in seedy motels in one room.
  • Children going to school hungry and forced to live in unsafe neighborhoods where they cannot enjoy being children.
  • Children falling behind in school.
  • Creating blights in our communities.
  • Lost revenues of $5,000 - $35,000 per foreclosed home.
  • Suicides and attempted suicides.  Violent crimes.
  • A failed banking system that rewards fraud & greed while the lives of Californians are devastated and from which they may never recover.
Broken families.  Broken lives.  Broken hearts.  Broken dreams. A broken California.

http://fdicoig.gov/reports10%5C10-002EV.pdf


http://en.wikipedia.org/wiki/Washington_Mutual

MAKING LOANS IN THE NAME OF A NON-EXISTENT BANK - WASHINGTON MUTUAL BANK, FA
 

"Washington Mutual Bank, FA”  ceased to exist April 4, 2005, yet continued to make loans as such.  Are these loans legitimate? Or are they a product of fraud?

On January 1, 2005, the Company’s state savings bank, the former Washington Mutual Bank merged into Washington Mutual Bank, FA, and ceased to exist; subsequently, changed its name to Washington Mutual Bank, FA changed its name to  Washington Mutual Bank (“WMB”). Consequently, the Company no longer owns a state savings bank that is subject to regulation and supervision by the Director of Financial Institutions of the State of Washington. Its non-bank financial subsidiaries are subject to various federal and state laws and regulations.[1]


[1] Washington Mutual, Inc, 2005 Form 10-K, Filed with SEC

Scope of the Problem

From April 2005 - September 2008 tens of thousands of Loans were made in the name of a non-existent bank -- Washington Mutual Bank, FA 

  •       Fraud on Federal and State Courts in foreclosure cases by Chase.
  •       Concealed fraud on the unwitting Borrower.
  •       FDIC and Chase bank are both practicing fraud on the courts.

Benefits of the Washington Mutual Bank, FA Fraud 

Loans that are brokered are required to disclose the Yield Spread Premiums[2]

Making a brokered loan in the dead name of the “Washington Mutual Bank, FA” allowed the Yield Spread Premium to be treated as a unreportable “Service Release Premium”.

The fraud evades the fiduciary duty between the “Broker” by claiming the dead bank as a Loan Originator.[4]

This makes it difficult (if not impossible) for the Borrower to later recover damages if Borrower sues the non-existent bank.

The FDIC and Chase have been coordinating their efforts to suppress this fraud because it voids tens of thousands of loans.[5]



[1] Washington Mutual, Inc, 2005 Form 10-K, Filed with SEC
[2] 1-1.5% of amount of loan on the HUD-1
[3] http://en.wikipedia.org/wiki/Yield_spread_premium , “In the U.S., mortgage brokers are required per the truth in lending act to disclose YSP within three days of the borrower's initial application on the Good Faith Estimate of Closing Costs, and then again as YSP as a fee "POC" (Paid Outside Closing) on page 2 of the HUD-1 Settlement Statement, inside the margin, away from the column marked "Paid from Borrower's funds at Settlement." This is a source of controversy, as similarly priced loans from banks require none of this disclosure.”
[4] http://www.dre.ca.gov/, "A person who provides brokerage services to a borrower in a covered loan transaction by soliciting lenders or otherwise negotiating a consumer loan secured by real property, is the fiduciary of the consumer, and any violation of the person's fiduciary duties is a violation of this law."
"A broker who arranges a covered loan owes this fiduciary duty to the consumer regardless of whom else the broker may be acting as an agent for in the course of the loan transaction."

[5] Article IX, section 9.3, page 21, “Purchase and Assumption Agreement Whole Bank Among Federal Deposit Insurance Corporation, Receiver of Washington Mutual Bank, Henderson , Nevada Federal Deposit Insurance and JPMorgan Chase Bank, NA September 25, 2008.

Assessment of California Reconveyance Company



1. Trustee (California Reconveyance Company) has not signed on the Notices of Default as required.  A Trustee must be a signatory to the Trust.  
  • How can a Trustee be party to the note if they have not signed it?  
  • How do they even know they are Trustee?  They never accepted the authority.  
  • This is in violation of the Uniform Trust Code-Probate Code : A Trustee has to be a signatory to the Trust.
 2. Trustor is supposed to choose the Trustee, and Borrowers were not given that opposition. Most home owners do not realize they have given the power of sale to the Trustee to sell their property. If you are never told what you are signing and it was not disclosed to the homeowner (borrowers go into a signing probably in front of a roaming notary who says to are told sign here); there is no conformed consent.

3. Notice of Default states in the second to the last paragraph
That by reason thereof, the present beneficiary under such Deed of Trust, has executed and delivered said Trustee, a written Declaration and Demand for Sale, and has deposited with said duly appointed Trustee, such Deed of Trust and all documents evidencing the obligations secured thereby, and has declared and does hereby declare all sums secured thereby immediately due and payable and has elected and does hereby elect to cause the trust property to be sold to satisfy the obligations secured thereby. 
  • This is a false document because they can and have not done this because they can not produce these documents. 
  • Compare this document to the first paragraph of the Deed of Trust. “Lender” is Washington Mutual. . . .Lender is the beneficiary under this Security Instrument. 
  • This constitutes a violation of California Criminal Code 115 as a false note and under California Criminal Code 115.5 a fine for each violation can collect up to $75,000 per action which the AG office could collect for the benefit of California and Californians.
  • Where is the Declaration of Beneficiary?

4. Deed of Trust Paragraph 24 states that only the Lender can Substitute the Trustee.  
  • Washington Mutual owned California Reconveyance Company.  Now Chase owns California Reconveyance.
  • CRC has a fiduciary relationship with the Trustor/Borrower.
  • This constitutes a conflict of interest when they move to foreclose. 
  • Once the Note was securitized, WAMU (by any name) ceased to be the Lender. 
 5. When a Note is sold, an Assignment of Deed of Trust should be required to replace the original Deed of Trust
  • The PAA does not replace the Assignment of Deed of Trust. 
  • This results in issues as to Continuity of Title. This affects all homeowners in California, not just those in foreclosure.
  • According to The Rules of Deed of Trust, this problem can only cured through an  Assignment of Deed of Trust.
 6. To level the playing field, every document RECORDED under California Property Recordation Laws must affirm/contain at least three indexible TERMS: 
  • a) Assessor's Parcel Number;  
  • b) Name of Grantor and/or Grantee in ORIGINAL Deed of Trust and/or Security Instrument;  
  • c) Nominal Street Address, City, State, ZIP of The Property in Question.  
  • The Subject Parties appear to deliberately EXCLUDE these indices ---rendering the recorded documents as "electronically irretrievable" by the distressed borrower and parties attempting to expose MERS, LPS and Servicer Lies! 
 7. WAMU borrowers have collected evidence of forgeries on our Notices of Trustee's Sale by a alleged officer of CRC. 
Deborah Brignac
  • Documents demonstrate countless inconsistencies with the signature of one Deborah Brignac, who is variously an officer of California Reconveyance, WAMU, and JPMorgan Chase.
  • One participants on the teleconference call has 2 signatures that do not match on two separate Notices of Trustee Sale. 
  • These signatures do not match signatures  where she has signed with a notary as witness. 
  • Deborah Brignac signs as VP of CRC, VP JPM Chase, VP Deutsche Bank, and VP Mers. 
  • Even if CRC were an Affiliate of these companies, Deborah Brignac cannot sign for those entities; she can only sign for the company for whom she works.
 8. Many of the Notices of Default and Notices of Trustee Sale are time stamped at 8:00 am the recorders office does not open until 9:00 am. 

9. Evidence has been found to indicate that California Reconveyance Company does not have possession of the original note and without it cannot legally foreclose.   
  • An organization sent a homeowner into the offices of California Reconveyance Company in Chatsworth, California, to inspect their alleged original note. 
  • CRC representatives presented the homeowner with a Double sided color copy.
  • The original note signed by the homeowner was single sided.
 RECOMMENDATIONS TO THE CALIFORNIA OFFICE OF THE ATTORNEY GENERAL:

1.   Immediate moratorium on foreclosures for six months.

2.    Cessation of trial modification programs.
  • Restitution to homeowner for all trial modification payments without penalty.
3.    Mandatory permanent loan modifications that are affordable and sustainable for all homeowners in distress regardless of the size of the mortgage that provide a fresh start for the homeowner.
  • Low fixed interest rates (2 – 4 % maximum)
  • Long term mortgages (40 years)
  • No balloon payments
  • Waiver of missed payments and foreclosure fees
  • Rescission of all Notices of Default and Notices of Trustees Sales
4.    Mandatory principle reductions

5.    Restitution for fraudulent foreclosures

6.    Cessation of parallel foreclosure practices

7.    Proof of beneficial interest in a property prior to foreclosure in the form of a wet-in note
  • If a loan was securitized and most were, documentation must be provided to homeowners before foreclosure proceedings can be implemented.
8.    Criminal prosecutions for fraud and other violations of legal statutes.

9.   The level of documentation needed to proceed to foreclose should:
  • Identify the current "real party in interest" and document unequivocally how that occurred through a RECORDED chain of title. 
  • NO NOMINEES   
  • NO AGENTS. 
  • NO LOST NOTE AFFIDAVITS. 
  • NO EXCEPTIONS. 
  • NO TRICKS.  
  • Consider AZ 1259.  ||  Consider the Ibanez Decision. Consider actions by  Judicial in Oregon.\
10.  Plaintiffs attorney should be required to verify all Recordations and Servicer  assertions as stated on the NOD and NOS.
  • The "officer of the court" should  be HELD directly accountable.  ||  As in the RECENT procedures enacted in New York state.
 11.  The homeowner should be afforded a "Private Right of Action" with substantial  TEETH if and when they encounter malfeasance, deception and bad faith on the  part of lender or their counsel ."

  • This is desperately needed because of the failure of the Executive, Legislative and Judicial branches of our government to protect it own citizens.  
CALIFORNIANS  MUST BE ALLOWED THE WHEREWITHAL TO PROTECT THEMSELVES.

14 comments:

  1. One problem I see is you can't have it both ways. If the servicers committed fraud in origination of these loans, the title is permanently clouded from the start and WAMU along with all the others, have no standing to do ANYTHING. They cannot modify, reduce principal or do anything related to these loans because they had no standing in the first place. These titles need to be quieted and the servicers put out of business.

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  2. as a homeowner with Wamu mortgage(now owned by cahse) can I participate in any of these legal processes?

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    1. I have been paying on my loan with Wamu since 1st pymt due 06-01-2004. I have read the DEED AND SECURITY AGREEMENT. i AM A LOAN ORIGINATOR. I have accelerated my loan as I paid $251,000 down to the loan limit or $333,700 then. I have made $2000 payments ON AN $1816 PYMT without even a late charge till Feb 2012. I was a rolling 30 till my last pymt 08-15-2012 paying for 07-1-2012. So I was due for my 08-01-2012 pymt. I 15 days late now. 08-16-2012 they started harrasing me. And started the clock in april when they were doing drive by appraisals evey 45 days or sooner. They call them PRESERVATION OF PROPERTY INSPECTIONS. I have spoken to the Trustee and no NOD had been filed and the modification process was a joke. I have overpaid and FNMA took a gamble on the loan and held it back as the risk was so low. Now Chase says they are the servicer for FNMA. WHO JUST PAID OFF CHASE THE BALANCE ON 12-26-2012. Jerked me around for 2 mos +. and would ask for added info with was to supplement their minimal application. threats of evry kind , misrepresentation from almost everyone I spoke to. Which I documented and heres the kicker ...I only owe chase 267,000 on my 600K home. How far will the Gov;t GO.... My Wife died in 2010 in the hospital after misdiagnosis and was in the hospital for a week or so every 3 weeks for the same problem. I think besides wrongful death it is conspiricy to commit MURDER. MURDER AND IT INVOLVES SO MANY INSTITUTIONS FROM FED TO STATE TO LOCAL HBPD AND DOCTORS AND HOSPITAL AND ALL CLINICS. tHE LESSOR CHARGES OF frAUD AND COERSIONS AND ATTEMPRED MURDER AND MENTAL COLLAPES. i HAVE HUNG IN THERE. Now I its true as I have been haked and redirected so I don't have a computor and need to undo INTERNET ACCESS. i THINK i WILL RECEIVE A COMPENSATIUON PKG IN THE MILLIONS.

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  3. Great details I appreciate the investigations. I have a WAMU Securities owned 3/2006 originated loan, with MERS, and was told back in 2008 that Countrywide would buy out of the pool to allow an affordable work out modification, BoA took over never keeping any agreements.
    IN addition, I was sent 8 loans by mail, funding the next day including Countrywide sending out to all different banks as "investors", I was sent an Attorney General Agreement, in AUG 09' from the OCT 08' DOJ's lawsuit - yet BofA failed to keep the agreement sending me back my money.
    I have fought hard against over 90 foreclosure sale dates, they have mis filed ALL my NOD's, and NOS's and continue to cause me distress. I put large down payments on all my homes, unfortunately agreed to negams which I did not understand at the time. I can still afford my original payments, just not the double and tripled amounts. I have filed complaints with the Attorney General, yet they just allow lies back from Bank of America, and I also filed with OCC which they made a mistake, and put me back in the hands of the lies of the Bank/s.
    How can Californian's gain any assistance ? This was a sham pulled off by the Banks yet we are the ones suffering. I'd love to see that my note/and or notes are VOID due to the convoluted lies in which the scheme was played out by the Banks.

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  4. To add to my WAMU Securities note -- My note is missing the PARCEL...they wrote my loans so fast they forgot to include details such as this. I have explained to the Bank, but they probably have/or had doctored it up. My original copies reflect the lack of any parcel. My other notes are missing items as well. I hope that as more time passes the Banks will be held accountable.

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  5. Any followup to this meeting?

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  6. I have logged over 150 calls to WAMU (then to Chase) to have them correct many errors made to my HELOC. I was promised calls back on numerous occassions but they never followed through. Later I found out because no one can find my file. All of the sudden, they closed the account....no one knows exactly what happened. The problem is I cannot get this removed from my credit report or title report. I have contacted Chase Corporate Office who also promised they would help me!!!! But after me calling them at least 10 times, they also are blowing me off as they do not know what to do. I offered to pay a negotiated amount that they came up with and once I had the money for them, they said they wanted more!

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  7. When is going to end?

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  8. it won't end Anonymous until the Federal Gov't puts a moratorium on all foreclosures and a formal investigation is conducted. If you want change visit www.livestream.com/globalrevolution.

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  9. IF THEY ARE VACANT, SQUAT THEM NOW!!! TAKE BACK THE LAND/HOMES NOT JAILS.

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  10. I have a federal judge involved in the Chase, California Reconveyance and WAMU scheme. These entities teamed up to place us in foreclosure. To compensate for no note, Judge Phillip Pro, US Judge for the Nevada District simply made an Order Chase could use as a ARTIFICE to complete its fraudulent foreclosure w/o note and trust deed against us. Our case Williams et al vs. JPMorgan Chase Bank, Chase Home Finance, The Cooper Castle Law Firm, California Reconveyance, et al. USDC No. 2:10-cv-00118 PMP-PAL, USDCA 10-16102. Complaint against federal judge filed, rehearing petition filed with the 9th Circuit. Poised to file a similar complaint against the panel of the 9th Circuit that dismissed our appeal while covering up the misconduct of the federal judge. We are at 702 270-9937. Did everything in pro per. Now looking for an attorney. Most prominent action would be under RICO, the last predicate act done within the last week

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  11. I believe it was in 07 I had great equity in my home at least 300.000 I took out a home equity loan with WAMU. I had taking this loan out to build on to the home which I had the loan drawn out in the amount or 150.000 I started construction half way into the construction Wa Mu send a letter reducing my loan down to 52.000 stating the values of home in my area or so cal have reduced., which in fact . my area just outside the metropolitan area called south park,. held their values! I was forced to put over 70.000+ in credit on my credit cards to finish the building. I then at the same time as when the took half the loan away worked for a year and a half to do a home loan modification, but they could never get the paperwork right,. I ended up having to sell my home with what was excellent credit., paid off all my debt through the forced sale of my home and ended up with no credit and then had to live in a low low end hotel me and my two dogs., blown away that I had to lose my dreams., then lost my job because I had no money as a sales rep 100% commission., sold everything I could cars,. furniture jewelry., just to make those last payments until I sold the home of my dreams. I now live hand to mouth., barely hanging on for two years now and still no job., living in what was a living room so I sub let two rooms in the house so I can make the rent. 619-300-1797 James I was the guy who spent my whole life saving and had perfect credit now in ruins. Is there a Lawyer that will help me?

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  12. Everything comes to nothing, unless one has court accepted EVIDENCE. It is best to save our breath, take heed from the FACTS ONLY, and do not flow with the rats and the mice, as this will only lead all down a huge black pit.
    The Lenders will ALWAYS win unless we use COMMON SENSE, which is not that COMMON in this GOD Foresaken Land.
    Constructive research and investigations will always win in the end. REMEMBER that IF ONE DOES NOT THINK AND ACT CREATIVELY WITH A SOUND MIND, AND FREE CHOICE, AND DO ONE'S HOMEWORK, OTHERS(banks, financial groups, mortgage brokers, agents, lobbyists, etc.) WILL DO THE THINKING AND ACTING FOR US.
    Not doing the above, will only make one sick and miserable(which the lenders and politicions want), and for which YOU are only to blame.
    So change your mind for the better, only think and talk constructively, knowing that if you look for and focus on solutions, these will come about, and you will be happier for it.
    Think and Act quietly, and we will succeed against all this greed, fraud, lies and total lack of brotherly love. Always read between the lines, and be slow to accept what is been told to us.
    Investigate and research everyone and every business entity, and then make a decision with your TOTAL FREE CHOICE. By following this route, you will be the Expert and NOT rely on those that profess to be experts. ALWAYS RUN IN THE OPPOSITE DIRECTION FROM THE SO CALLED EXPERT. THEY WILL ALL, YES ALL, TRY THEIR UTMOST TO CON YOU INTO SIGNING AND HANDING OVER YOUR HARD EARNED CASH.
    ENJOY YOUR PEACE OF MIND AND TRUE HAPPINESS, AND ATTRACT THE BEST PEOPLE TO YOU, WITHOUT BEING CONTAMINATED BY THE TRASH OUT THERE. ALLOW THEM TO WALLOW IN THEIR MISERY.
    ENJOY THE PEACEFUL AND JOYFUL JOURNEY AHEAD.

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  13. Chase is presenting me with a fraudulent promissory note stamped with Cynthia Riley's signature. I do not believe she was ever an employee of WAMU, but I need to know how to verify this information. Does anyone have information on this person or a suggestion for me. Feel free to call. Julie 614-989-5322. I am currently in a forclosure suit. In addition my loan is in a Wells Fargo REMIC 2005 Feddie Mac. The principle for my loan was just pulled out the air in September 2008. The principle Chase says I owe is totally different than the Remics website. I wrote to Chase and asked for a statement of my loan amount, there are years of payments that were not even recorded, tons of mistakes, and late fees and other fees that were incorrect.

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