Rule of Thumb: If they can’t execute a release or satisfaction of the mortgage, then they can’t foreclose. And if they did, it is reversible. Whistle-Blower: Banks Give Homeowners the Runaround “In our managers meeting, which can last eight or nine hours, we probably addressed mortgage modifications five minutes or less,” the banker said. Editor’s [...]
Filed under: foreclosure, Investor, CDO, Eviction, CORRUPTION, securities fraud, currency, Mortgage, GTC | Honor, bubble | Tagged: Mortgage, Wells Fargo, foreclosure defense, securitization, mortgage modification, homeowners, non-judicial, creditors, securitized mortgages, Whistle-Blower, Diane Sawyer, ABC World News, DAVID MUIR, release, foreclose, satisfaction, heavy caseloads, judicial states | 13 Comments »
