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Recently in Hillsboro, Ore. JP Morgan completed a foreclosure sale on a home that had a tax lien on it. The bank could have corrected this "mistake" by paying the IRS. Instead it claimed that its mortgage was senior to the lien and foreclosured on the Treasury.
Rest of the images can be seen here..
Source
edit on 26-8-2011 by Daedal because: Fix
Originally posted by Daedal
Interesting story to say the least.Goes to tell you the bankers own everything,even the doors to the Treasury.
Source
Recently in Hillsboro, Ore. JP Morgan completed a foreclosure sale on a home that had a tax lien on it. The bank could have corrected this "mistake" by paying the IRS. Instead it claimed that its mortgage was senior to the lien and foreclosured on the Treasury.
Rest of the images can be seen here..
Source
edit on 26-8-2011 by Daedal because: wrong button hit
This is simple law. Heirarchy of claims. The folks that have the collateral get paid first. If there was money left over after the sale, then the treasury would have had next dibs.
In no way did JP Morgan foreclose on the government, they simply won the right to be the first to collect.edit on 26-8-2011 by sligtlyskeptical because: (no reason given)
Originally posted by sligtlyskeptical
This is simple law. Heirarchy of claims. The folks that have the collateral get paid first. If there was money left over after the sale, then the treasury would have had next dibs.
In no way did JP Morgan foreclose on the government, they simply won the right to be the first to collect.edit on 26-8-2011 by sligtlyskeptical because: (no reason given)
Plaintiffs, JPMorgan Chase Bank, National Association, its successors in interest and/or
assigns ("Chase"), and Northwest Trustee Services, Inc.("NWTS") (collectively "Plaintiffs"), by and through their counsel of record, Routh Crabtree Olsen, P.C. and John Thomas, file this Complaint for Strict Foreclosure on the property located at 767 Northwest Damielie Street, Hillsboro, Oregon
Originally posted by N3k9Ni
reply to post by Daedal
I saw these threads and I wondered that, too. JP Morgan getting in a pissing contest with the treasury?
Originally posted by fixer1967
I can just see it now. A foreclosure and eviction notice nailed to the front door of the White House. Now that would be something to see.
Originally posted by backinblack
Originally posted by fixer1967
I can just see it now. A foreclosure and eviction notice nailed to the front door of the White House. Now that would be something to see.
Well you'd need to translate it from Chinese first..