The Banks Stole $43 TRILLION from the American People?

After stopping the foreclosures on almost 300 clients in 6 states, I realize that US banks and Wall Street have perpetrated the BIGGEST fraud on the American people. So I am not surprised about the BIGGEST lawsuit being filed against the banks.  What I was shocked was HOW BIG is the amount they have calculated that they owe the American people - $43 TRILLION!!!

Here's the link of the details of the lawsuit.

http://www.marketwatch.com/story/major-banks-governmental-officials-and-their-comrade-capitalists-targets-of-spire-law-group-llps-racketeering-and-money-laundering-lawsuit-seeking-return-of-43-trillion-to-the-united-states-treasury-2012-10-25

How did banks and Wall Street stole from the American people?

I will explain that in my subsequent blog post.

Does Self Defense Make Sense?

The answer to the question is of course "YES". I know Judo (martial art) and I know how to shoot a gun. I hope that I will never use these "self-defense" know-how but if I'm in a situation where I need to use them, I will. Why? I want to defend myself from bad people who are out there. These people violate people's trust and disrupt their way of life.

From a MORAL standpoint, it's NOT bad to defend oneself if and when the situation demands it.

In the same manner...banks have VIOLATED people's trust and have caused irreparable harm. They are foreclosing on you and you should FIGHT BACK and DEFEND yourself. There is NOTHING MORALLY WRONG in defending yourself legally from your lender.

We can help defend you. How?

Your Bank's Skeleton in the Closet

My company, Home Loan Management Solutions, LLC is a mortgage auditing firm. 

It conducts what is known as a Forensic Loan Audit.  A Forensic Loan Audit involves an in-depth analysis and accounting of the closing documents provided at closing to a borrower on a real estate purchase or refinance loan.

The purpose of this audit is to UNCOVER VIOLATIONS OF FEDERAL LENDING LAWS (TILA, RESPA, and HOEPA) committed by the lender in the transaction. (In other words, the forensic loan audit is how we can find out your bank's skeleton in the closet!)

These violations may include but are not limited to improper or missing disclosures, undisclosed or understated finance charges, misrepresentations of the true finance charges, lack of compliance with various provisions of TILA, lack of compliance with various provisions of RESPA, and lack of compliance with various provisions of HOEPA, predatory lending practices, improper recording of required documents, defective mortgage instruments, use of MERS to foreclose, fraud, fraud in the inducement, common law fraud, misrepresentation of the Real Party in Interest, unconscionability, failure to verify income and assets, failure to establish conditions precedent, and so much more. 

The forensic loan audit is the backbone of the

Foreclosure Legal Defense^TM process!

You can be assured that the audit of your loan documents preformed by Home Loan Management Solutions, LLC will be both comprehensive and professional.  We know the violations to look for and where to find them in the documents. 

WE ARE ON YOUR SIDE! Call us NOW at 1-877-9KEEPHOME for a free consultation and forensic loan audit.

Have YOU Received Your Bailout from Obama Yet?

In any contractual situation, full disclosure, fair dealing, and a” meeting of the minds” is required for a valid and enforceable agreement.

All of these required elements are MISSING in most of the home loans originated or refinanced between 2000 and 2009.

So often we speak with people that just want to “pay their mortgage” and are hoping that their foreclosure problem will magically go away.  IT WON’T!

People often operate with the FALSE assumption that their “lender” in interested in working with them and has their best interest at heart.  While this is certainly the message the “lender” attempts to communicate, IT IS UNTRUE!

THE “LENDER” IS MOTIVATED STRICTLY BY PROFIT AND WILL LIE, CHEAT, AND STEAL TO INCREASE PROFITS!!

In this whole mortgage mess, many people were given loans that were never intended to be paid back.  They were given so called “liars loans” because no documentation or verification of income was required.  We read about a strawberry picker in California making $14 an hour being given a $750,000 mortgage!  This is but one of many examples. 

The Securitization of Mortgages and Why Does it Matter to You

It used to be that when a person took out a mortgage, it was with their local bank.  The bank funded the mortgage (although with money created from thin air – but that’s another story).  The bank held the mortgage and note (the note is the promise to pay and the mortgage is the instrument that pledges the house as collateral for the note) and the person made their payments to the bank.  There was a connection and usually a relationship between the person making the payments and the financial institution receiving the payments.

All of that changed with the advent of securitization in the 1990s.  Through the process of securitization, banks could move mortgage loans off their books so they could make more mortgage loans and make huge fees doing so.

Wall Street came up with the idea of buying mortgages and notes, bundling them by the thousands into Special Purpose Financing Vehicles known as Collateralized Debt Obligations from which they could sell bonds to big time investors such as pension plans and make a lot of money doing so.  These bonds are known as Mortgage Backed Securities – thus the description of the process is called securitization.