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Reply #44: If the bank can't prove it owns the house ... [View All]

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spin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-17-10 11:21 AM
Response to Reply #27
44. If the bank can't prove it owns the house ...
how about the government taking over the loan?

The owner makes an arrangement with the government to pay for the property. The bank is shit out of luck.

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  -Free Homes for Everyone? Junkdrawer  Oct-16-10 07:54 PM   #0 
  - Only if you bought a house and could not keep up with payments -  stray cat   Oct-16-10 07:56 PM   #1 
  - Is shelter a human right  Panaconda   Oct-16-10 07:58 PM   #3 
  - yes and food and hlthcre  billlll   Oct-16-10 08:12 PM   #7 
  - And non-gender-specific marriage, and labor unions.  intheflow   Oct-17-10 08:05 PM   #51 
  - Is ownership of that shelter a human right? n/t  lumberjack_jeff   Oct-16-10 08:14 PM   #8 
  - Yes, absolutely; but you don't necessarily have the right...  slackmaster   Oct-16-10 10:06 PM   #31 
     - Does that apply  Panaconda   Oct-17-10 08:49 AM   #35 
        - Of course it does  slackmaster   Oct-17-10 10:25 AM   #37 
           - You must be kidding.  CommonSensePLZ   Oct-18-10 05:09 PM   #82 
  - Coincidentally, a person that can't afford house payments  Edweird   Oct-16-10 08:00 PM   #4 
  - Self delete ... reply to wrong poster.  spin   Oct-17-10 11:12 AM   #40 
  - You couldn't be more wrong.  sabrina 1   Oct-16-10 08:15 PM   #9 
  - A crisis within a crisis within a crisis.....  Junkdrawer   Oct-16-10 08:25 PM   #13 
  - Bingo!!!!  dixiegrrrrl   Oct-16-10 09:25 PM   #23 
  - At least you are informed enough to know that dixiegrrrrl. Millions of  sabrina 1   Oct-16-10 11:22 PM   #32 
  - Your friend and I have the same problem and same question.  dixiegrrrrl   Oct-17-10 11:04 AM   #39 
  - Thank you for the link.  sabrina 1   Oct-17-10 01:11 PM   #46 
  - The lawsuit filed in Kentucky is filed on behalf of all those  Samantha   Oct-17-10 08:36 PM   #54 
     - Thank you for that information.  sabrina 1   Oct-17-10 11:33 PM   #59 
        - The complaint names law firms and lawyers as well  Samantha   Oct-18-10 09:04 PM   #86 
           - I did read part of the complaint and will finish it tonight.  sabrina 1   Oct-19-10 04:21 AM   #87 
  - How do you find out? eom  Kalyke   Oct-18-10 01:29 PM   #79 
  - organized crime on a massive scale....n/t  unkachuck   Oct-16-10 09:26 PM   #24 
  - Excellent post! You really summed it all up in a concise way! You should make it an OP!  earth mom   Oct-17-10 12:53 AM   #34 
  - I agree  Samantha   Oct-17-10 08:34 PM   #53 
     - It really is unbelievable, isn't it? The Banks with MERS essentially  sabrina 1   Oct-17-10 10:35 PM   #58 
        - "There has been a coup." Begun 11/22/63. Finalized 12/2000.  WinkyDink   Oct-18-10 08:51 AM   #71 
  - No, a broken chain invalidates ALL mortgage contracts.  dixiegrrrrl   Oct-16-10 09:23 PM   #22 
  - K&R  Panaconda   Oct-16-10 07:57 PM   #2 
  - The whole article is a Must Read, a good summary of the crisis. n/t  Junkdrawer   Oct-16-10 08:04 PM   #5 
  - Krugman nails it in yesterdays editorial as well  geckosfeet   Oct-16-10 08:06 PM   #6 
  - Krugman nailed it with this:  laughingliberal   Oct-17-10 08:47 PM   #55 
  - BTW: This is the first time I've read that it wasn't just carelessness....  Junkdrawer   Oct-16-10 08:16 PM   #10 
  - Another Bail-Out for the Banks,,,  AmericanMan1958   Oct-16-10 08:19 PM   #11 
  - The email in the article is phoney  Yo_Mama   Oct-16-10 08:25 PM   #12 
  - Then why were the Forgery-Mills set up? n/t  Junkdrawer   Oct-16-10 08:31 PM   #14 
  - You are kidding, right? Have you been following the lawsuits?  sabrina 1   Oct-17-10 11:58 PM   #60 
  - You are presenting the MERS website (Presumably a PR site set up by MERS) to refute a news story?  LooseWilly   Oct-18-10 12:52 AM   #62 
  - K&R  G_j   Oct-16-10 08:38 PM   #15 
  - Well, now I know why the collection calls stopped when I demanded the note.  tridim   Oct-16-10 08:42 PM   #16 
  - Lost? or Broken by Necessity?  Junkdrawer   Oct-16-10 08:49 PM   #17 
     - I've also been reading the WAMU/Chase merger assets were completely fubar'ed  tridim   Oct-16-10 08:59 PM   #18 
        - That's exactly what we discovered with my friend's mortgage.  sabrina 1   Oct-18-10 11:55 AM   #77 
  - Yes.  Kang Colby   Oct-16-10 09:04 PM   #19 
  - Welcome to DU  Swamp Rat   Oct-16-10 09:09 PM   #20 
     - Thanks!  Kang Colby   Oct-16-10 09:20 PM   #21 
  - It's not going to happen.  NutmegYankee   Oct-16-10 09:41 PM   #25 
  - I said a law would be passed in the first paragraph of the OP. Here's the only question:  Junkdrawer   Oct-16-10 09:47 PM   #26 
  - Obviously we need to tighten up regulation. Pity that's not going to happen.  NutmegYankee   Oct-16-10 10:02 PM   #30 
  - So banks get to break the law over and over with malice?  tridim   Oct-16-10 09:53 PM   #28 
  - They should pay dearly.  NutmegYankee   Oct-16-10 10:01 PM   #29 
     - Why can't we just give houses away? We give money away in lotteries every week... what's the diff?  LooseWilly   Oct-18-10 01:03 AM   #63 
  - Agreed. No way the public could cope with such an event.  pa28   Oct-16-10 11:48 PM   #33 
  - I think you've got it backward.  girl gone mad   Oct-17-10 08:22 PM   #52 
     - It's not that the rule of law doesn't apply to banks...  NutmegYankee   Oct-17-10 09:24 PM   #57 
     - I don't see it.  girl gone mad   Oct-18-10 01:19 PM   #78 
     - I hope I've got it backwards.  pa28   Oct-18-10 07:43 PM   #85 
  - I own my home and have no mortgage ...  spin   Oct-17-10 11:18 AM   #42 
     - hear, hear! n/t  crikkett   Oct-17-10 12:38 PM   #45 
     - The lotto is fair though.  NutmegYankee   Oct-17-10 02:52 PM   #47 
        - I have suggested before that if the banks can't prove that they own your ...  spin   Oct-17-10 04:43 PM   #48 
        - I didn't have the numbers to buy, but I damned sure would laugh about someone lucking out!  LooseWilly   Oct-18-10 01:12 AM   #65 
           - Fascist?  NutmegYankee   Oct-18-10 04:39 AM   #69 
              - So it's all about you huh?  LooseWilly   Oct-18-10 10:26 AM   #72 
                 - You're funny  NutmegYankee   Oct-18-10 04:01 PM   #81 
  - There are no free houses, just financial consequences for the banks  ms.smiler   Oct-16-10 09:48 PM   #27 
  - If the bank can't prove it owns the house ...  spin   Oct-17-10 11:21 AM   #44 
  - talked to my Dad last night  Tsiyu   Oct-17-10 09:18 AM   #36 
  - Housing for all, mortgages or no...  maryf   Oct-17-10 10:31 AM   #38 
  - Possession is nine-tenths of the law...  spin   Oct-17-10 11:14 AM   #41 
  - k & r  Starry Messenger   Oct-17-10 11:20 AM   #43 
  - The Free Mortgage thing is not happening. This statement is false:  DirkGently   Oct-17-10 06:02 PM   #49 
  - that makes a lot of sense, but to me  onethatcares   Oct-17-10 06:20 PM   #50 
  - Couple of things.  DirkGently   Oct-18-10 12:03 AM   #61 
     - Uhh "The false notarizations we're talking about "... you do realize this is a crime?  LooseWilly   Oct-18-10 01:47 AM   #66 
     - That's maybe the best basis to challenge the mortgage. Other theories not so much.  DirkGently   Oct-18-10 08:41 AM   #70 
        - You are presenting a reasoned analysis, which I would argue is the lender's side of the story.  LooseWilly   Oct-18-10 10:43 AM   #73 
           - Lenders will say they're not at fault , which I wouldn't agree with. I'd love to see them eat  DirkGently   Oct-18-10 11:36 AM   #74 
     - Insightful. n/t  lumberjack_jeff   Oct-18-10 11:48 AM   #76 
  - it would be funny if I was the only person with a copy of the note  704wipes   Oct-18-10 05:31 PM   #83 
  - then WHEN will I get my free house? nt  GSLevel9   Oct-17-10 08:50 PM   #56 
  - Try getting your money back at Walmart without a receipt!  Generic Other   Oct-18-10 01:08 AM   #64 
  - The best understanding on this situation............  DimplesinMI   Oct-18-10 01:52 AM   #67 
  - The banks fraudulently foreclosed on (huge number) M$M being instructed NOT to carry story...  Imagevision   Oct-18-10 01:58 AM   #68 
  - The Federal Home Loan Bank of Chicago is suing B of A and others  lunatica   Oct-18-10 11:42 AM   #75 
  - I am not in danger of losing my house - at the moment  Kalyke   Oct-18-10 01:39 PM   #80 
     - This was posted last Friday  GrantDem   Oct-18-10 05:45 PM   #84 
 

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