Quote:
Originally Posted by Riot
This isn't about that. It's about banks foreclosing on people whose houses they do not own, who are not behind in payments, illegal robosigning of documents, etc. Let's keep the focus on the fraud. People have lost their homes, their savings, are homeless, because of casual, irresponsible fraud - illegal activity according to those very contracts - perpetrated by the banks.
Yes, some people agreed to mortgages they couldn't possibly pay off, sometimes pushed on them by bankers who said they could met the financial requirements - but that's different than what's in this thread. A good subject, but different.
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Wrongful foreclosure seems to be a very isolated occurrence based on my limited research and is taking place in the most hard hit areas of the burst. Regarding fraudulent practices by the banks, go after them, I am behind that 100%. Do not however permit them to use taxpayer $ to pay off their fines/penalties. Which is sadly what will happen.