HOMEOWNERS DON'T YOU GET IT?

America, we the homeowners, got POWER. We got power and it's getting increasingly STRONGER. This Global wide BANK SCAM is coming to it's knees! More and more cases are being settled in the homeowner's favor.

HOMEOWNERS, stand up and fight! Fight for your rights! Fight for the greed and injustice that has beed done against you over years.

Morgan quoted this New York Times piece:

WE are all learning, to our deep distress, how the perpetual pursuit of profits drove so many of the bad decisions that financial institutions made during the mortgage mania.
But while investors tally the losses that were generated by loose lending so far, the impact of another lax practice is only beginning to be seen. That is the big banks’ minimalist approach to meeting legal requirements — bookkeeping matters, really — when pooling thousands of loans into securitization trusts.
Stated simply, the notes that underlie mortgages placed in securitization trusts must be assigned to those trusts soon after the firms create them. And any transfers of these notes must also be recorded.
But this seems not to have been a priority with many big banks. The result is that bankruptcy judges are finding that institutions claiming to hold the notes that back specific mortgages often cannot prove it.

Morgan stated:
Lenders need to document the ownership of the note clearly and homeowners have a right to ensure that their rights as a homeowner are not infringed by lenders who are no longer party to the ownership of the home; but this will cause headaches on both sides moving forward as banks try to foreclose and homeowners try to modify mortgages with questionable ownership.

Maybe it’s time to invest in aspirin companies- we’re looking at a lot more headaches going forward.