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Some people's mortgages were sold (pledged) multiple times.

  1. bgamall profile image85
    bgamallposted 6 years ago

    You don't think the banksters are scamming sob's? They have been caught selling mortgages multiple times. You could pay your mortgage to a servicing company who has no idea where your note is. They may never relieve your lien even if you pay off your house and if you are now current. http://georgewashington2.blogspot.com/2 … gages.html

    The original notes are gone. They just noted stuff and make up a note to foreclose. 

    Walk away from these scamsters. This isn't legal advice, but enough is enough!

    1. dutchman1951 profile image60
      dutchman1951posted 6 years ago in reply to this

      bgamall, we got exactly what we asked for;

      lie-ing through our teeth to buy a 250,000 house on a 10 cent income

      flipping houses with abandon, don’t care about interest and payment not going to stay in it..! Just rip the next guy.

      if we want something, just go buy it, don't sweat it, we can delay payments for up to a year!  Just pay the mortgage next month, right? It was the I want  it now syndrome.

      People buying s...t houses for 500,000 that are not worth 70,000 and saying,  we can afford that.

      allowing appraisers to rip us off on price and realtors to talk us into anything, because we had to have it.

      we all want to look good, say we own property, show off the toys.....



      well... look how we all look now brother!

      we should all take a bow, we got what we deserved. The crooks saw a naive nation of people asleep, just paying blindly, and they ran with it before we woke up!...and now-  we want to cry about it?

      we are all a day late and a dollar short!   It's our own un-doing, that got us here.

      1. bgamall profile image85
        bgamallposted 6 years ago in reply to this

        Dutch, it was a bank scam. The victims of the scam made out great until the scam ended. You aren't thinking right about the scam. Underwriters jobs were to keep people from buying too much house until they were no longer needed in this ponzi bubble event. And it was planned, as I wrote about in a hub, way back in 1998 and implemented in 2004. It was a planned and premeditated scam.

        1. dutchman1951 profile image60
          dutchman1951posted 6 years ago in reply to this

          BG  I guess maybe I am in many ways here, but I feel we all gave them the openings they needed, I am not saying you are wrong at all, I am saying we all helped it along. I do see the scam, yes.

          I do understand they bypassed the Underwriters. Just went with the paper, no mater how it was filled out.

          1. bgamall profile image85
            bgamallposted 6 years ago in reply to this

            Yes, Dutch, the scam was set up by the banksters and mainstreet did the speculating. But in other cases, the banksters set it up and did their own speculating. They drove oil to 145 per barrel. They drove food goods up in 2007 and west Africans starved.

            They are evil Dutch. They set the housing ponzi up to get us to drive the prices up for them.

    2. Diane Inside profile image82
      Diane Insideposted 6 years ago in reply to this

      Hey bg, I'm sorry what are you suggesting people to do here?

      1. bgamall profile image85
        bgamallposted 6 years ago in reply to this

        Hi Diane, warn people with mortgages to find out who their note holder is. If they cannot be located you have to be concerned that the lien on your house will take years to remove, possibly, once the house is paid for. I don't think people should have mortgages when this scamming is going on. Here is a site to use to find out about your mortgage note: http://action.seiu.org/page/speakout/wheresthenote

        1. Diane Inside profile image82
          Diane Insideposted 6 years ago in reply to this

          What if the bank can't produce the note, what does that mean for the homeowner?

          Just curious cause my sister is having this same kind of trouble, she said her mortgage has been moved to three different banks so far and she said the last bank has yet to send her any paperwork.

        2. dutchman1951 profile image60
          dutchman1951posted 6 years ago in reply to this

          Mine to BG, I just found mine it is in the hands of Evergreen Mortgage in Florida?

          my Original Loan and closing was with Regent Bank here in nashville localy?????

          we bought small, 1400 sq feet 1 car garage, postage stamp yard, keep it simple. getting close to retirment now; mine is a VA 30 yr. fixed @ 5.8% , not sure now what to do? hmmm....

          1. Diane Inside profile image82
            Diane Insideposted 6 years ago in reply to this

            how did you find it dutchman?

            1. dutchman1951 profile image60
              dutchman1951posted 6 years ago in reply to this

              went to my original closing papers, deed of trust ,it had the original note holder, the bank listed there, I called the banks 24 hour service line and asked to discuss my note, they of course did not have it, i asked for a
              Supervisor and she told me it had been sold to Evergreen and thats all they knew and I should have already have known it! She gave me the account # after I verified all my info with her.

              I asked her to spell out the banks name that had it and she did and I went on line to find them. I had the va loan #  my loan # and gave them to the Evergreen customer service rep and he crossed reffrenced it, and we went over the note, thats is all he was allowed to discuss which was not much!

              I found out it is a large lending Corporation that speculates in real Estate, has Home office in Florida. It buys up blocks of Mortages good and bad in a mix and speculates on the worth of the purchased block of paper.

              he appologised for the lack of info and is sending me the complete brochure, with all the info on my loan, via mail to the house. said it would be 4 days to get it.

              1. Diane Inside profile image82
                Diane Insideposted 6 years ago in reply to this

                well the way I understand it they still have to produce the note that has your signature on it. So be sure it does.

              2. bgamall profile image85
                bgamallposted 6 years ago in reply to this

                Someone, Evergreen or whoever needs to produce the original note. If they can't you could consult a lawyer. Problem again is that once the house is paid off, it is possible that the lien may be stuck on your house and who knows for how long. sad

  2. starme77 profile image87
    starme77posted 6 years ago

    check out this link - this is an attorney friend of mine in Florida talkin about banks stealing homes - check it out - http://dailycaller.com/2010/10/14/thedc … der-fraud/

    1. bgamall profile image85
      bgamallposted 6 years ago in reply to this

      Nice, and another resource is http://foreclosurehamlet.org for specific needs and state laws, etc.

 
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