Apparently it doesn't matter to our
government that the wealth of our citizens is being systematically
depleted by the banks and our government who allow them to proceed.
Apparently the fact that many of the lenders have no real claim to
the property for which they pursue foreclosure is of no consequence.
Case in point, a representative of JP Morgan Chase admitted in a
deposition which is part of the Federal Court record in that case,
that JP Morgan Chase never actually received the mortgage notes
supposedly transferred from Washington Mutual. Apparently it doesn't
matter that this fact, and it is now accepted as fact, continues to
be ignored by the circuit courts. And foreclosures continue with the
named plaintiff, JP Morgan Chase as Successor in Interest for
Washington Mutual, even though it isn't true.
In Federal Court, the
sworn deposition testimony of Lawrence Nardi, the operations unit
manager and a mortgage officer for JPM, who was previously with WaMu
and was picked up by JPM after WaMu’s failure a representative for
JP Morgan Chase, Nardi, admitted that these transfers never took
place. See JPMorgan Chase Bank, N.A. as successor in interest
to Washington Mutual Bank v. Waisome, Florida 5th Judicial Circuit
Case No. 2009-CA-005717. In
the deposition entered to the court record of that case:
So, JPM allegedly “purchased” mortgage loans from the FDIC out of the WaMu failure, but there is no schedule of what loans were purchased, no assignments, no allonges, no endorsements, nothing that transferred ownership of the loans from WaMu to Chase. However, as we all know, JPM goes around the country touting that it is the “successor in interest to WaMu” (which it has admitted in Federal Court that it is not) and relies on the amorphous “FDIC Affidavit” which, as far as what the “Affidavit” is proffered for, is directly contradicted by the sworn deposition testimony of JPM’s authorized representative WHO WAS FORMERLY WITH WAMU AND WAS PICKED UP BY JPM."
And further, apparently it doesn't
matter that the Department of Justice went to all the trouble of
hammering out a National Mortgage Settlement Agreement. Because,
that, also is being systematically ignored by the banks. Dual
tracking continues as it always has. The homeowner in good faith
enters into mortgage modification with their lender or servicer or
whoever offers a modification, provides to them an endless stream of
documents, only to find themselves facing foreclosure anyway.
It MATTERS!
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