A link to see your mortgage
’Demand to see your mortgage note’Your chance to see if you’re a victim of mortgage fraud is here:
Wondering if you are one of those suckers paying a mortgage in limbo, with all the payments due to some non-existent mortgage noteholder getting retained at the servicer banks? Well, if you can spare 3 minutes then ’Where’s the Note?’ is for you. The website, which is on the verge of a viral break out, has a simple message: "Whether you are facing foreclosure, have an underwater mortgage, or are just a concerned homeowner, it’s important that you contact your bank and demand to see the original note on your mortgage. It only takes a few minutes using our free online tool." Quick, simple and easy. And in a few days your mortgage bank will have no choice but to tell you if they do in fact have your original mortgage note. And if not - welcome to cost-free living, courtesy of MERS and millions of rushed and fraudulent mortgage note assignments. Yes, it will mean the end of the GSEs, but it will also mean the accelerated write downs on thousands of MBS tranches which will rapidly collapse into insolvency (there is only so much Mark to Unicorn can cover up) and eventually take the insolvent TBTFs banks with them.California sells Capitol buildings to fund budget
Dan Rosenfeld, the state's deputy director for real estate and buildings under Gov. Pete Wilson, said the decision was poor long-term financial policy, calling it "a quiet victim of the budget impasse" in Sacramento.The White House and the mortgage racket
"It's like selling your garage to your neighbor to pay your mortgage," he said. "Given the choice between selling strategic assets and taxing gas guzzlers, I would have selected a different outcome."
Washington works for the wealthy
posted by Tom Nadeau at 4:53 AM
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