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Tagged with: Foreclosures • foreclosures halted • J.P. Morgan Chase
Filed under: Brokers • Group Leaders • Investors • Landlording • RE Attorneys • RE Business • RE Services • Realtors • Realtors • Title Companies
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Thanks, Mike. This will seriously slow down getting mortgage defaults turned over and back into the market. Hopefully, the banks will become more willing to make better, quicker short-sale deals.
I have Chase on 2 houses, I have already found all of the flawed and forged signatures (and major chain of title defects) via a securitization examination, and it looks as though, within the next month or two I will have both properties free and clear. A typical forensic audit will not find the type of ammunition that you need to make them fold. When you do this you need to find a person that is a qualified expert who is certified to testify in court. It doesn’t mean that you are going to have to go to court, but this person can find all of the defects and create an affidavit that the bank is not going to like. They will find not only falsified and forged paperwork, but violations in the pooling and master servicing agreements, as well as illegal securitization (or reselling) of the note, which is what we have found on mine. Once you are armed with this, find an attorney who will work on a contingency.
Don’t feel bad for these banks if you get your house free and clear, they made many times the amount of your note, by inappropriately and in many cases, fraudulently using your signature. This foreclosure market was intentionally created by the big banks, and Jamie Dimon the CEO of Chase has been bragging that Chase has had it’s most profitable years over 2008, 2009 and now in 2010.
Does anyone know all of the 23 states referenced? I can’t seem to find that information online.
What a mess. I can’t believe customers don’t have any more recorse against these banks. They lie to you and make promises about not foreclosing but then they just foreclose. Ask me how I know.