The Devil Is In The Details

I know  everyone is unhappy with the settlement including me. With that said, I have read what is available so far as it relates to the mandates to foreclose and was surprised that the title record and affidavits must be filed and standing must be plead by the lawyers for the banks.

This is big. Very Big. Without unequivocal proof of standing, there can be no foreclosure and there is a provision for them to walk away when no standing can be demonstrated. In other words to release the lien on your property.

Therefore, for those who have, let’s say, Countrywide Loans, their finished;  96 to 98% of all Countrywide Loans have broken chains of title and as such, not foreclosable.

We are now in the driver’s seat.  You can make your own deal.

Those that have lost their homes can file an action in court to take your home back or be compensated for the loss.

There is a real positive side to this settlement. No immunity from criminal behavior. The lawsuits from the AG’s will move forward and more relief shall be forthcoming. The criminal case in MO moves forward and more will follow.

I do not believe our efforts have been in vain.

I called William Black yesterday to see if he would be willing to lead a two-count complaint against the Wall Street firms and the largest lenders. I want to file a Multi District Litigation for a Continuing Civil Conspiracy and Civil RICO. I have a lawyer here in MA that is willing to put it together.

Here is what I need; I need anyone that has a Millstones Report from MERS to contact me. I know those are sparse, also, this means all lawyers. Get a release to share.  It would be nice if we could get a few from each state with willing participants to be named as plaintiffs.

I am asking all lawyers involved in the homeowners battle to join in the fray. Lawyers representing the banks have continuously made the argument that borrowers are not a third party beneficiary to the Trust documents and therefore admit there is no contract, therefore, they have unjustly enriched themselves where they had no legal right and to our detriment and must disgorge their ill-gotten gains from the Trusts. If we do not move, the Investors will get all the money from the Pools. The borrowers are entitled to a pro-rated share of the trillions of dollars they generated illegally.

I tried to intervene in the BONY suit in NY but the court would not allow it. The investors are the only ones being made whole, now it is our turn. The iron is hot and it is time to strike.  Someone with a brain give this some thought.  These bastards equitably divested all of America and perhaps, we can get some of that money back.

Bob M