Senator Franken wants GMAC investigation!

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Well other politicians are getting into the pressure cooker toward the banks that are defrauding people of their homes.  We are working to get our state's politicians to do anything other than spend money on the problem.  We live in the 2nd largest state for foreclosures and there is no public addressing of the robo-signatures, fraud mortgages, fraud documentation or falsely recorded documents.  Banks lie in court on a daily basis and the numbers are staggering.   Go watch court and see for yourself. 


 Do you know how many courthouses in Phoenix alone deal with this?  How many cases daily?  That is just one major city.   Multiply that by all  cities  in all 50 states. .

See the below letter by  SENATOR FRANKIN.  If more of our political leaders would get involved then we might see some progress.  Sadly,  I do not think it will do anything for those in process other than halt things for a few months.   It seems the leaders are wanting investigations but do  they have the kahunas to return properties to those cheated? 

Today WALSH announced that there will be investigations into 7 banks. I am confused as to why GMAC or Ally is not on that list of 7 institutions being investigated.

Or will they just say fix the paperwork and ignore the UNDERLYING fraud on mortgages not to mention the  violations of Tila/respa laws?   If this is addressed in a meaningful way it might mean the writing off of milllions of fraudulent toxic cases. 

Thanks to the blogs on the right for keeping up with information, Thanks to google for always having links and thanks to new to me http://www.zerohedge.com for bringing to light the letter from Franken. 

Ally Financial Letter 09292010

JPMorgan CHASE Suspending Mortgage Foreclosures - NYTimes.com

JPMorgan Suspending Mortgage Foreclosures - NYTimes.com:

"GMAC’s initial disclosures prompted challenges or investigations from attorneys general in Iowa, Illinois, Colorado, California and North Carolina. The Treasury Department, which became the majority owner of GMAC after providing $17 billion in bailout money, has directed the lender to correct its procedures.

The pressure on the lender, which began as the auto financing arm of General Motors, is continuing to increase. Senator Al Franken, Democrat of Minnesota, asked Wednesday for the Treasury, the Justice Department and other regulators to collaborate on “a thorough investigation into the alleged misconduct.”

Defense lawyers have consistently complained that the lenders’ law firms were sending through cases that were at best sloppy. The Florida attorney general’s office says it is investigating four so-called foreclosure mills."

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Video News: Grayson should not push for foreclosure mill shutdown

They are basically saying this is political move, because the State Attorney General in Florida, Bill McCollum,  is on the case. I disagree with this person's viewpoint. It seems from the AG's  webpage that the help offered homeowners is minimal - they've been on this since 2007.  They do have a hotline for complainst -

 Fraud Hotline

1-866-966-7226 

 I think ALL Congressmen should take on all lenders INCLUDING Fannie Mae. Fox is saying that people SHOULD NOT be removed from homes wrongfully. But I am not sure they see the big picture. I say "YOU GO GRAYSON"  

A B C's of Fighting Foreclosure Fraud

With the current GMAC debacle of foreclosure fraud hitting the news, I thought it would be good information to show what our pro se groups have been doing for months.   Many are still not in court but they have their evidence ready.... what about you? WE also file the documentation of fraud into the county recorder's office.   


For those that are not signed up to the mortgage-challenge group or the showmetheloan.net site  here is an example of some free information available by donation.  I have related blogposts:

Save your home from foreclosure listings ; Be your own lawyer video on news; and 

Referrals to the examiners and experts can be found on my referrals page.  Cindy will be your best help in the notary/signature fraud that is exemplified by the GMAC debacle. 

How to go about stopping the FRAUD

Step 1; Gather the evidence.

            A}         Get Your papers in order.

                        1)         Original Loan documents from the closing.

                        2)         All documents [certified copies] from the county recorder’s office                                                   pertaining to the property.  Make copies for the exams and evidence.

            B}         Make copies available to 2 forensic examiners.  [2 witnesses]

                        1)         Have the loan documents examined.

                        2)         Have everything regarding the foreclosure examined.

                                    a)         Received in the mail.

                                    b)         From the county recorder’s office

                        3)         Have the SEC violations uncovered by the exam noted.

Step 2; Evidence the fraud with documentation.

            A}         Take to the police to file charges.  Get copies of the report.

            B}         Take the Notary fraud to the County Atty and the State Atty offices.  File charges                          against the Notaries for false documentation to get their seal revoked to help                               everyone involved with the sham.

            C}         Take to the FBI and report it there and get a copy of their report.

Step 3; File Your suit in the Superior court.

If you need more information on filing suit... join these groups, form a local support team and learn or hire a lawyer. Research carefully and get practice practice practice.