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Debt Relief – Insolvency – Bankruptcy Information » Foreclosure Help » Lenders Forced to Suspend Thousands of Foreclosures – Democracy NOW!

Lenders Forced to Suspend Thousands of Foreclosures – Democracy NOW!


Democracy NOW! – DN! The banking industry’s handling of home foreclosures is coming under increasing scrutiny after revelations that employees at several lenders had approved thousands of foreclosure affidavits and other documents without proper vetting. The banking giant JP Morgan Chase has suspended some 56000 foreclosures after admitting some may have been authorized without proper review. Last week, another major lender, Ally Financial, suspended evictions in twenty-three states. We speak to Andy Kroll of Mother Jones magazine and New York Supreme Court Justice Arthur Schack, who has made national headlines for rejecting dozens of foreclosure filings due to faulty paperwork from banks and lenders.Published with written permission from democracynow.org. www.democracynow.org Provided to you under Democracy NOW creative commons license. Copyright for this news broadcast belongs to democracynow.org, an independent non-profit user funded news media, recognized and broadcast world wide.

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15 Responses to "Lenders Forced to Suspend Thousands of Foreclosures – Democracy NOW!"

  1. zaksnyder30 says:
    downlowa
  2. callouschristian says:
    @ThisBoyTV This means that biblically one should never be a republican……
  3. callouschristian says:
    The man says “the banks want their money”???

    Is that the money they accrued by lying, exploiting and destroying the American Trust???

    That is not their money. That is America’s money. Destroy the Banks who are guilty of treason and watch community banks grow in their place. Write them off to a bad chapter of REpublican history. We should also try Ken Lewis for his crimes.
    Someone needs to look in on RECON TRUST (dka countrywide) who is owned by Bof A. They process foreclosures.

  4. miamirenews says:
    great report…better than the major network coverage
  5. Delo9762 says:
    If they dont own your note, take them to court and make them prove that they have standing. Make them produce the original promissory note. They dont have it. they sell them before they extend you the credit. The promissory note and deed of trust cannot be separated. if they are that is more fraud. They separate them when theysell the note. ask for the title page to see if it says “satisfied without recourse” meaning it is paid in full. Dont let them get away with this corrupt musical chair game
  6. Delo9762 says:
    how about the fact that fraud is eing committed when they say they loaned you money, when you self funded your home, when they used your promissory note as a
    security instrument (check) when they put deposit only and deposit in their bank. which pays your home in full. then they sell it up to 40 times. then they get 30 years of time payments from you. Such greedy people, those bankers. This is fraud and fraud breaks a contract, and there is no statute of limitations on fraud. Go get em!!
  7. 1veracity says:
    Thanks for posting .ThisBoyTV. Keep up the good work!
  8. ThisBoyTV says:
    @Beingreal40
    that is a tragedy and i understand exactly how it feels friend..
  9. Beingreal40 says:
    At least in a Judaical state they get to go to. My request to any documentation was ignored as I was foreclosed on.
  10. ThisBoyTV says:
    @1veracity
    in other words stop screwing up each others lives
  11. 1veracity says:
    HOW DARE THIS JUDGE GO AGAINST THE EVIL BANKS!! This is a great story for all people. The Bible says
    Proverbs 28:10
    Whoso causeth the righteous to go astray in an evil way, he shall fall himself into his own pit: but the upright shall have good things in possession.
  12. thekoda says:
    The “American Homeowners Seminar” is being held in Texas to make homeowners aware of their rights and the to educate them on the fact that banks are NOT precluded from obeying the laws including the 14th Amendment which has to deal primarily with “FAIRNESS”. Banks cannot get away with the fraud.
    We are here to assist the homeowners and have Legal Staff available for their foreclosure issues.
  13. kthamlet777 says:
    Thank-you Judge Schaak…Your Dedication to seeking Justice for us homeowners is much Appreciated!!
  14. kimmatthewthomas says:
    Judge Schaak Thank you for being a leader in this problem and living up to your oath and you are an example to all courts.Thank you. Great Job!
  15. iamnotashame says:
    God Bless You Honorable Judge Authur Schack a man of “uncompromising intergrity”! BJ Lister, Roswell GA

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