{"id":3569,"date":"2010-10-18T03:36:15","date_gmt":"2010-10-18T03:36:15","guid":{"rendered":"http:\/\/zenpundit.com\/?p=3569"},"modified":"2010-10-19T02:47:58","modified_gmt":"2010-10-19T02:47:58","slug":"we-need-pitchforks-and-torches","status":"publish","type":"post","link":"https:\/\/zenpundit.com\/?p=3569","title":{"rendered":"We Need Pitchforks and Torches"},"content":{"rendered":"

Top Billing! The Daily Caller<\/strong> – TheDC OP-ED: One nation, under fraud<\/a><\/p>\n

Tomorrow, a bank-not your <\/strong>bank<\/strong><\/a>, but any bank-could evict you from your home. Even if you didn’t know the bank was foreclosing. Even if your mortgage is paid off. Even if you never had a mortgage to begin with. Even if the bank doesn’t hold a single piece of paper that you signed. And major banks not only know this fact, but have spent millions of dollars to defend it in court. Why? The answer starts with a Jacksonville <\/strong>homeowner<\/strong><\/a> named Patrick Jeffs.<\/strong><\/p>\n

In 2007, Deutsche Bank sued Jeffs for his home, which is a necessary step in the process of foreclosing on a homeowner in the state of Florida. Curiously, despite the fact that he immediately hired a law firm to defend his property when he found out about the foreclosure, neither Jeffs nor his attorneys were at the trial. That’s because it had already happened. Deutsche won by default because Jeffs wasn’t able to travel backwards in time to attend, even though the trial featured a signed affidavit indicating that he had been served his court summons.<\/strong><\/p>\n

The only problem with the summons Jeffs supposedly received was that it had been conjured out of thin air.<\/strong><\/p>\n

In June of this year, a Florida court ruled that the document was fraudulent, as the person who was supposed to make sure Jeffs was served had mysteriously received a copy of the summons before the lawsuit had even been filed, and Jeffs never even saw the copy. The text of that ruling was posted on various financial news websites in September. The lawyers that Jeffs hired to defend his case say that fraud such as this is not uncommon. It’s a widespread problem, and it has cost countless families their homes.<\/strong><\/p>\n

“I think it’s safe to say that 95% of the foreclosure cases in Florida involve some form of fraud on the part of the bank,” David Goldman of Apple Law Firm, PLLC told The Daily Caller in a phone interview. “It’s probably closer to 99%. And the court system is helping them get away with it.”<\/strong><\/p><\/blockquote>\n

Banksters\u00a0should not only be going to prison for intentionally destroying the lives of people who are not only NOT in default on their mortgages, but have never transacted a mortgage with the institutions attempting to illegally seize their property, these guys should be made to face an angry mob composed\u00a0of the\u00a0people they have defrauded.<\/p>\n

This is the Oligarchy in action. They intend to hollow this country out and move their loot offshore just like in Russia during the 1990’s<\/p>\n

Hat tip to Ron Beasley<\/strong> at Newshoggers.com<\/strong> who also found this gem<\/a>:<\/p>\n

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COUNTERPOINT ADDENDUM:<\/strong><\/p>\n

Blogfriend Fabius Maximus<\/strong>, who often blogs on economics,\u00a0would like to offer a counterpoint and i have agreed to let him put up his perspective here and some excerpts:<\/p>\n

\u00a0 A briefing about the foreclosure fraud crisis: its origin and\u00a0impacts<\/a>.
\n\u00a0<\/p>\n

….The real estate title system in the US is complex, with safeguards protecting debtor and creditor (for details see\u00a0<\/strong>this by Barry Ritholz<\/strong><\/a>).\u00a0 It’s also local (rules and data are not national).\u00a0 This system worked well for generations, but collapsed during the housing boom.<\/strong><\/p>\n