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Fallout from the housing bubble continues


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2020 Jun 3, 6:20pm   342 views  2 comments

by Patrick   ➕follow (55)   💰tip   ignore  

https://www.saveusa.net/

Bank of America’s violations of federal and state laws are being overlooked by a legal system that has lost sight of its real purpose, namely to protect Americans from the criminals committing outrageous, financial crimes.

These crimes include, but are not limited to the following:

1. Bank of America Forged signatures on Deeds of Trust which is a Violation of Statutory Penal Code Section 470PC;
2. Signatures of Notaries Public were Robo-signed on Deeds of Trust, which is a violation of Statutory Penal Code Section 470PC.
3. Bank of America knowingly filed for record Deeds of Trust with county recorder’s offices containing forged signatures, which is a violation of California Statutory Penal Code Section 115PC (Procuring or offering false or forged instrument(s) for record).
4. Bank of America filed two or more liens against the same properties, failed to remove liens when the alleged debts were satisfied, and then assigned the same Deeds of Trust to financial institutions. A failure to remove the lien(s) when the debt was satisfied is a violation of Statutory Penal Code Section 532.
5. Bank of America and numerous other financial institutions:

a.pooled mortgages and trust deeds into allegedly “asset backed”, allegedly “securitized” pools;

b.represented to purchasers of shares in the respective pools that the pools were adequately asset backed and guaranteed; and

c. sold shares of stock in the pools to pension funds, retirement funds, private and institutional investors in amounts conservatively estimated in the mega-Billions of Dollars.

To compound matters, Bank of America, their representatives (including but not limited to their attorneys), court clerks and judges routinely deny the rights of borrowers to have their day in court because of procedural matters, without ever hearing the merits of each individual case. Reasonable discovery of the facts would permit litigants to identify and locate the alleged signers of documents and determine the nature and extent of their authority and involvement in the actual matter.

Comments 1 - 2 of 2        Search these comments

1   clambo   2020 Jun 4, 8:30am  

Banks are all unhappy with the doing the simple business of banking, so they got the laws changed when Clinton was president.

Repealing Glass-Steagal was a bad idea.
2   georgeliberte   2020 Jun 4, 9:56am  

So Bank of America is just one more looter, and they don't even need the cover of a riot.

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