I wonder if you could go to a Bank CEO’s home, break into his house, and throw out all of his personal possessions — family heirlooms, photos, awards — then claim a paperwork error.
That is the excuse they have been using:
“In an era when millions of homes have received foreclosure notices nationwide, lawsuits detailing bank break-ins like the one at Ms. Ash’s house keep surfacing. And in the wake of the scandal involving shoddy, sometimes illegal paperwork that has buffeted the nation’s biggest banks in recent months, critics say these situations reinforce their claims that the foreclosure process is fundamentally flawed . . .
Identifying the number of homeowners who were locked out illegally is difficult. But banks and their representatives insist that situations like Ms. Ash’s represent just a tiny percentage of foreclosures.Many of the incidents that have become public appear to have been caused by confusion over whether a house is abandoned, in which case a bank may have the right to break in and make sure the property is secure.
Some of the cases appear to be mistakes involving homeowners who were up to date on their mortgage — or had paid off their home — but who still became targets of a bank.”
The reason this keeps coming up is the fraudulent, half assed, on the cheap, illegal, mass production of fraudclosures by banks. They made their Ford Pinto calculation, and decided that tossing out a few people illegally — even those who had no mortgages — was worth the cost savings of actually doing this correctly (i.e., legally). I hope that some AG or judge recognizes the systemic bank perjury and tosses some of these jackals into prison.
When I befriended the order of ninja assassins, I had no ulterior motive in mind — I merely thought they did some . . . let’s call it interesting work. (We run some money for them, and they are the last client you want to screw up with). I hope I never have to ask them for a favor — but if this happened to me personally, I certainly would not hesitate to ask . . .
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Source:
In a Sign of Foreclosure Flaws, Suits Claim Break-Ins by Banks
ANDREW MARTIN
NYT December 21, 2010
http://www.nytimes.com/2010/12/22/business/22lockout.html
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