By Dan Levine
SAN FRANCISCO | Wed Oct 27, 2010 6:58pm EDT
SAN FRANCISCO (Reuters) -Bank of America (BAC.N) is bringing in the former Attorney General of Virginia as well as law firms with deep Washington experience to help defend against a probe by U.S. states into its foreclosure practices.
Richard Cullen, chairman of the McGuireWoods law firm and Virginia attorney general from 1997-1998, is one of the lawyers representing the nation’s largest mortgage servicer. Cullen has already been communicating with the offices of various state attorneys general, according to a source familiar with the investigation.
All 50 state AGs recently announced a joint probe of the banking industry amid reports of faulty foreclosure affidavits submitted to U.S. courts. Besides Bank of America, other servicers such as JPMorgan Chase & Co (JPM.N) and Ally Financial have also been under the microscope over the use of “robo-signers” — people who sign hundreds of affidavits a day.
“It makes a lot of sense for a company to hire people who have concentrated experience in dealing with state AGs,” said Nicholas Gess, a former Department of Justice attorney who worked with state attorneys general.
Cullen served on President George W. Bush’s legal team during the Florida vote recount after the 2000 presidential election. He also represented Republican Tom DeLay in a recent federal probe that did not result in any charges being filed against the former U.S. House of Representatives majority leader.
Now the banks are going to bring out the big guns to try and turn the tide, but I don’t think it is going to work. We have had enough. Taking our homes without due process via fraud, misrepresentation, forgery, creating documents out of thin air, extortion, theft, unjust enrichment and perjury. Our note and mortgage was separated right at the closing table. When we were told to sign a document placing MERS in the line of title. MERS cannot hold title to anything; MERS cannot foreclosure on anyone.
We were not told that our note and mortgage was going to be “sold” into a mortgage backed security. On top of that, the loan has already been paid–several times by investors who bought the MBS and were defrauded also. Down with the mega banks, servicers and banksters. Power to the people. http://www.challengingforeclosure.com Sirak@challengingforeclosure.com 864-241-8602
What they are doing is Dishonest Service, and it’s theft by deception and don’t forget wether willingly participating, have dragged ou courts into this dishonesty, they courts are supposed to be unbiased, but there was a step in there where a Magistrate was supposed to do his part in checking the documents for foreclosure, and they rubber stamp this as well, so they are in effect all to blame.
Give back the land and homes, first step to the right track.
PS In Scott County Indiana, Wells Fargo is still filing foreclosures, was in Saturdays paper!
At one point there were so many foreclosures going through in our County the Sheriff Lizenby put a disclaimer in the paper, that he didn’t guarantee the address of the listed foreclosures, in the ads themselves.
He is the one who led the “armed” band of, it was eluded they were
U.S. Marshal’s,and Deputies, but since they didn’t have a Court Order, nor did they have Warrants, everything done at our Farm on Feb. 15,2007, when an unlawful entry into our home, a farm that’s been in My husbands family since 1914.
Shortly after I met a journalist, and she and I talked about that I could see that what had happened to the farmers, appeared to be happening to the home sector and she wrote several articles on it and that was way before, the dates they want to admit is the fall of things.
MULTIPLE FRAUD TIPS WITH UNDISPUTED PROOFS – BEFORE THEY BECOME FORECLOSURE- MUST BE STOPPED ASAP
They (COUNTRYWIDE/BANKAMERICA/THE BROKER) did it to me too: you name it, they did it! they falsified my application, whited out my original information, inserted their own lies after I signed the application- (MY OWN ATTORNEY PRESENT AT THE SIGNING STATED – SIGNED A LETTER- HER OWN CONFIRMATION- THAT EVERYTHING IM SAYING IS TRUE.I’ve enlarged the refinancing application to show that the lines in between those lies they filled in which were whited out (accidentally) and retraced by the broker and accepted by COUNTRYWIDE- they accepted this application without proof of income- no proof whatsoever – thus the zig zag of the re-tracing visible as proof of fraud- they inflated my appraisal, (I have proof that the town has appraised and assessed my house $200,000.00 lower that year) they made up a fictitious employment application- unknown by me, signed by them – never seen by me till 4 yrs later- to send to the lender backing up their lies about my salary, inflated it to $7,000.00 more a month, they lied about my profession, the years I worked there, the company’s name- etc. (this 2nd fake application AFTEWARDS- UNSEEN BY ME AND MY ATTORNEY -was sent in afterwards after they whited out the original information I signed under the watchful eyes of my own attorney) they ignored and tossed aside my W-2 that I gave them which proved that I only qualified for a reversed mortgage based on my low income, my age and my financial status -my attorney at the signing stated in a letter of truth that everything I’m saying is true – they inserted afterwards adjustable rate riders (4 pages) and transported my signature- they got me into a STATED-(though I was a simple telemarketer with no right to go stated- had no business of my own and only owned one home- NO DOCS- SUBPRIME- OPTION ARM ADJUSTABLE 8.5% to mature to 11.5%/15.5% (NEGATIVE AMORTIZATION – I would have to pay over a million dollars at the end of the loan from those rising interests rates they put me into) which inserts they included afterwards -My attorney and I never saw those 4 pages -inserts – otherwise she would have never let me sign those forms-till a year later when I asked the lender to fax me the entire application- they refused to give me a copy of my signed application at the end of the refinancing – they refused to modify my loan although I pre qualified according to the Making Home Affordable and presented them with all the required documents- they kept on stalling me and re-asking me for the same forms over and over again – then they put me into an interest loan – they lured me coherced me, made false promisses -MY ATTORNEY AT THE SIGNING WAS PRESENT (!?!?!?) WHEN they told me that the only way they could do the refinancing for me (had to pay my ex husband off his share of the house) was to borrow more money out of the equity of my house which was paid for in full and to put in a bank account to pay for the mortgage at the interest rates of 8.5% – automatically each month – that was the only he said I could refinance- only under those terms- then -the broker – would automatically refinance my loan to a low interest rate – when the funds would have been exhausted – he would drop my rates he told me- to a third of my income as in the Making Home affordable- this he said would be the only way I would be able to refinance the house- HE LIED – My attorney was present and she agreed- . It was my first time refinancing and the broker was my employer-I was a senior – I have those proofs – he lied to me and now is out of business nowhere to be found- leaving me in this mortgage fraud.They put pressure, intimidated, harrassed, bullied me, threatened to fire me- stalked me at night by the paking lot after overtime hours when I ws walking up to my car, by the ladies room and sent others to pester me when I hesisated- The loan officer hoovered over me while I was working and came nose to nose with me, spitting in my face to frighten me and to question me as to why I was hesitating and taking so much time to sign those papers- they threaten to fire me from my job (and if you a senior citizen, THAT IS AN INTIMIDATION- A THREAT !)
THIS IS, AS YOU CAN SEE ONE OF THE WORST CASE OF LIES, FALSE PROMISSES, COHERTION, FALSIFICATION OF DOCUMENTS INTENT TO DECEIVE, DELIBERATE AND PRE CALCULATED INTENT TO LEAD A HOMEOWNER TO DEFAULT (I’m hanging on by a thread!)
AND I CAN PROVE EVERYONE OF THOSE STATEMENTS-
THIS WAS MY FIRST TIME REFINANCING –
DO THOSE QUALIFY AS THE WORST KIND OF LIES YOU’VE EVER HEARD IN THE MORTGAGE FRAUD AND PREDATORY DECEPTIVE PRACTICES FROM LENDER AND BROKER ?
Please contact me – std25@optimum.net (or call me in the morning at 516-495-4556)
MDLC