AP IMPACT: Caught by mistake in foreclosure web

AP IMPACT: Caught by mistake in foreclosure web

news.yahoo.com

Christopher Marconi was in the shower when he heard a loud banging on his door. By the time he grabbed a towel and hustled to his front step, a U.S. marshal's sedan was peeling out of his driveway. Nailed to Marconi's front door was a foreclosure summons from Wells Fargo, naming him as a defendant. But the notice was for a house Marconi had never seen — on a mortgage he never had.

Tom Williams was in his kitchen thumbing through the mail when he opened a letter from GMAC. It informed him that

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By now, you may have heard the stories of bank robo-signers powering through hundreds of foreclosure affidavits a day without verifying a single fact. But most of those involved homeowners who had stopped paying their mortgage. They were genuine defaulters. Now a new species of homeowner is getting pushed into foreclosure hell.

This whole banking and foreclosure mess is getting out of hand and sadly, the authorities -our "elected" official- seem to not care so much, so long as they themselves aren't directly affected by it.

So, eventhough we [were forced to] give tonnes of money to the bank, in an effort to bail them out of their own gambling addiction, they turn around and screw the American people even more, within the same breath even.

Our elected officials seem to have no problems with speaking out when the banks are in need or want, though they suspiciously remain silent when these same banks are burdening the American people.

As long as the banks have a stranglehold on this country and our government, we will continue to be screwed. Sadly, we count on our elected officials to do anything other than help these corrupt institutions.

Anyway, I suggest everyone read the article and try not to get too mad. Or better yet, get mad and lets do something about it before it's too late, if it isn't already.


--airspoon

news.yahoo.com
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reply to post by airspoon


We will have to wait for Cookie Monster to appear on this post to vilify these people who deserved to be foreclosed on. He will then give us some sob story about how the banks were victimized by these people. Read my post about my experience. There are some of us out there who have been screwed over by the banks big time.

Suing Citimortgage