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| Mortgage fraud, Concealment, Conspiracy |
| 23rd of Feb, 2011 by susanm |
In July, 2009, The NY Times did a very complete story about the how banks are making big money on foreclosures, including garnering a slew of late fees and many more fees. They are draining the homeowners for all they have and then selling their homes and charging past late fees on the sale price. It's shocking -- like an organized crime business model.
The banks are supporting the FTC that did not control them in the first place -- that got us into this massive financial crisis -- and now the FTC is going after attorneys and mortgage refinancing firms that are fighting the banks for the homeowners. The banks DO NOT want to modify mortgages because there is big money in late payments and then in foreclosure. These tactics are carried out by ALL banks, including OneWest Bank/IndyMac, the subject of several stories at this website.
Our government officials have failed us, and now they are making it so the middle class will ultimately disappear, and the home-market will disappear with them. You cannot tax homes and properties that are gone! The banking industry is perpetrating ongoing fraud on the American People.
WALL STREET JOURNAL REPORTS
By Chad Bray
NEW YORKDeutsche Bank AG agreed Tuesday to pay $553.6 million and admitted criminal wrongdoing to settle a long-running probe over fraudulent tax shelters that allowed clients to avoid paying billions of dollars in U.S. taxes.
Under a nonprosecution agreement with the U.S. Attorney's office in Manhattan and the Internal Revenue Service, the German bank won't be prosecuted for its participation in about 15 tax shelters involving more than 2,100 customers between 1996 and 2002, including shelters marketed by accounting firm KPMG LLP and defunct law firm Jenkens & Gilchrist PC. (You read that correctly: In court papers, the Department of Justice agreed not to criminally prosecute Deutsche Bank for any crimes related to its participation in a broad conspiracy to defraud the Internal Revenue Service! Can you imagine what would have happened if it were you or I involved in such criminal wrongdoing?) Read more of the WSJ article at http://online.wsj.com/article/SB10001424052748703581204576033761692111074.html
Deutsche and Field Asset Services
This German owned company, Deutsche Bank National Trust Company has been described as the absolute worst when it comes to foreclosures. It operates freely in the United States, using Nazi-like tactics to throw American people out of their homes without proper legal standing. If your neighborhood looks like the Warsaw Ghetto thanks to this and other banks' actions, you can thank our federal government for its complicity.
Deutsche's hired hand in illegal operations is a Texas-based company called Field Asset Services, Inc. out of Austin.
Field Asset Services claims to be a home preservation company but that really means that for a fee from their numerous big clients (the banks and mortgage companies), they will hire local trash-out companies, those vultures of the foreclosure trade to come to your home, break in, remove your belongings (a.k.a. steal from you), change the locks and then toss out whatever debris they find -- that could be your furniture or anything else the vultures decide they don't want for themselves. There are no rules they must follow. Once a home is foreclosed upon legally or illegally, the mission of these companies is to just show up and do their dirty work.
Just Two Lawsuits
We know of at least two lawsuits filed against Deutsche and Field Asset Services. A Michigan couple had their home broken into, their belongings removed and their utilities turned off. In California, another couple was able to stop the home invaders because of a lucky chance that one of them happened to be home at the time of the attempted break-in, but they then suffered utility shut-offs during their year long battle to stay in the home.
Abuse of Legal Process: Stupidity and Contempt Beyond Belief
In one lawsuit, attorneys for Deutsche Bank proved just how despicable and pathetic a company it is by refusing to answer questions put forth by the Plaintiffs, something they had a legal right to do in the process called "Discovery". Here's an example that was brought to our attention: Deutsche said it was too stupid to understand the words or terms as follows:
"relationship",
"eviction",
"foreclosure",
"foreclosed upon",
"successful",
"visit",
"check on",
"checked",
"foreclosures and/or evictions"
And because they were too stupid to understand the meaning of these words or terms, they refused to answer the questions. Deutsche also refused to produce documents on the same grounds. In fact, the stupid German company did not answer a single question; did not produce a single document.
Deutsche refused to produce any document that actually proved it even had a legal right to foreclose on the home.
We urge all readers and victims to contact their state's Attorney General. The illegal actions of banks and companies like Field Asset Services, Inc. and the vulture companies they hire to trash out your home and steal your valuables are criminal and immoral.
We understand that most people cannot afford to do it, but if at all possible, SUE THEM. Take them to small claims court where an actual representative of the bank or other company will have to show up in court without an attorney; take them to superior court -- do it yourself if you have to. Deep pocket big banks are counting on you just walking away, but at least they will have had another lawsuit to contend with.
Deutsche Bank National Trust Co. deserves to be thrown out of the United States and Field Asset Services, Inc. should be shut down.
Deutsche and IndyMac (a division of OneWest Bank) are supported in their foreclosure/illegal eviction tactics by Monster Mowers of Lancaster, CA (owner is Matthew Jay Cohick) and Susan Kline a realtor at ReMax of Valencia, CA. (information provided by onewestbankfraud.com -- visit them for more cases and info) |
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My wife & I are victims of Deutsche Bank and Ocwen among others. They foreclosed on us while we were current and in modification negotiations. This has been an almost 3 yr nightmare but we are winning the fight. D.B. has also refused to produce any documentation and in fact fabricated a Notice of Intent simply to force our Summary Judgement Motion to a trial. They create fraud to hide fraud. The amazing part is that they think everyone else is stupid. They assume that no one will ever check to see the validity of what the say of produce.
The fabricated an Assignment of Mortgage 13 days after they initiated this foreclosure. Of course the boys at ol MERS helped out on that one. The judge ruled that it was an illegal foreclosure, we were current, they had no standing, we made all 3 mod payments etc etc etc. They counter with "...those statements (bank and Ocwen) constitute no proof of payments" I tell you no lie. The judge already ruled they must pay our legal fees and costs. Yet their co. policy must be fight all the way. Who cares if the legal fees double the value of the dispute.
And the attorneys and their logic and lies. Disbarment is the word. How can these bastards ruin peoples lives with total disregard to the law. |
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