Supporting, Informing & Connecting People in Foreclosure
No, and No. Whether or not to file a criminal complaint rests solely on the decision of the Deputy District Attorney who reviews the file and, quite honestly, where they place their priorities. They go for the low-hanging fruit - the common (idiot) thieves who try to steal peoples equity and property, NOT the BIG corporate (Wall St. bankster) thieves that have the resouces to buy their way out of seemingly anything for literally pennies on the dollar.
In September/October last year, I was involved in a conference call to Kamela Harris' (CA Attorney General) office. I had the opportunity to ask a single question. The question was 'When is something going to be done about the foreclosures being conducted by entities that don't have the standing to call for the sale of the property?' The response was a deafening silence and closing-out the call as quickly as possible without embarrasing themselves. (A couple months later I learned that Ms. Hassis had already accepted about $25,000 in re-election campaign contributions, she was much less than 1-year into her 4-year term, from BofA employees.)
Wow; that is discouraging for us here in CA, right? I saw Kamala Harris at her first press conference here in LA; and, I was one of two who got to ask her a question. My question was:
These homes were securitized in trusts where the PSA chain of title was not followed and where as a result these trusts probably do not even legally exist which leads to the question what about the tax consequences to the trust/investors or somebody? Again silence and she agreed that securitization was a problem she would be looking into. ha ha ha
Well, if you figure any new angles for us here in CA please let me know! @ firstname.lastname@example.org
What we've figured out is how to void the deed of trust. In so doing, the property should no longer be eligible for non-judicial foreclosure. (It is the verbiage in the DOT that allows for a property to be foreclosed non-judicially. No DOT, no non-judicial foreclosure remedy.)
I would like to talk to you in detail about this, have you been successful in California? Other States?