Foreclosure victims can legally SQUAT!!!!!!!! (15)
Very interesting concept. If I was foreclosed on I would make them remove me or make a deal with the bank to let me stay and keep the place up at a greatly reduced payment til they found a buyer. Most foreclosed houses quickly deteriorate or get vandalized, some even get occupied by crack heads and homeless people or are used for shack up houses by teenagers. Some even get burned to the ground. Insurance co's demand a vacent house be boarded up. Ever try to sell a boarded up house? Forget it, ain't gonna happen.
Banks are pretty stupid when you get right down to it.
Banks are pretty stupid when you get right down to it.
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ooby_dooby: Very interesting concept. If I was foreclosed on I would make them remove me or make a deal with the bank to let me stay and keep the place up at a greatly reduced payment til they found a buyer. Most foreclosed houses quickly deteriorate or get vandalized, some even get occupied by crack heads and homeless people or are used for shack up houses by teenagers. Some even get burned to the ground. Insurance co's demand a vacent house be boarded up. Ever try to sell a boarded up house? Forget it, ain't gonna happen.
Banks are pretty stupid when you get right down to it.
If I owned a Bank,I might even let you do that,would be protecting my Investment!Banks are pretty stupid when you get right down to it.
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norslyman:
By telling a bank to "produce the note," a homeowner can delay foreclosure by forcing the lender to prove the suing institution is actually the same which owns the debt.
By telling a bank to "produce the note," a homeowner can delay foreclosure by forcing the lender to prove the suing institution is actually the same which owns the debt.
Nowhere does it say that it is legal to squat. Once that note is produced, the bank then has every right to have law enforcement force you out (Usually done by county sheriffs). You don't have time to pack, you don't have time to get your stuff together, they have the legal right to have the sheriff put you out. Usually as a courtesy, they will give you time (15-30minutes) to gather a few things, but in essance you are gone.
So yeah, nice job congresswoman, tell these people they can stay and continue to waste their money on bills on a place they will eventually put out of. All squatting is going to do is delay the inevitable.
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Now thats funny...
not surprising though...
not surprising though...------ This thread is Archived ------
I got a mortgage through an online entity and not 24 hours after the closing the mortgage was sold to Countrywide who's held it ever since. Had I known they were going to sell it I would have gone elsewhere. I have a hard time believing that any mortgage co would be so lax that they would "lose" the documents. Sorry that is just too far out for me to believe.
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ooby_dooby: I got a mortgage through an online entity and not 24 hours after the closing the mortgage was sold to Countrywide who's held it ever since. Had I known they were going to sell it I would have gone elsewhere. I have a hard time believing that any mortgage co would be so lax that they would "lose" the documents. Sorry that is just too far out for me to believe.
Agree'd. Personally, I feel it's not a matter of them being lost, just backlogged.
Like anything, when the workload increases signifigantly, production can actually slow down.
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Put this in your pipes and smoke it.
Stop Home Foreclosure; Consumer Warning Network's "Produce the Note" Strategy
February 18, 2009 by Carol Bengle Gilbert Carol Bengle Gilbert Published Content: 554 Total Views: 894,533 Favorited
(9) Consumer Warning Network has advice for homeowners faced with foreclosure: Ask the judge to compel the bank toStop Home Foreclosure; Consumer Warning Network's "Produce the Note" Strategyproduce the mortgage note. While production of the mortgage note in a foreclosure case may seem routine, Consumer Warning Network is telling consumers that many banks can't produce their mortgage notes. And without the notes, banks can't prove they are the rightful owners of the property, entitled to bring foreclosure proceedings.
Rhode Island Attorney General Geoge Babcock is one of many public advocates who has been successfully fighting foreclosures by obtaining temporary restraining orders precluding foreclosure by banks which have not produced mortgage notes, Consumer Warning Network says. When the cases go to hearing, the embarrassed banks are sometimes walking away, losing by default. Homeowners are thus able to remain in their homes.
Where are the missing mortgage notes? The real estate crisis that set the nation's economic downturn in motion - with its whirlwind of expedited transactions and repeated transfers of mortgage notes, with many notes being bundled and sold to investors- led to notes not being completed, getting lost or sent to storage, never to resurface.
The Associated Press reported Tuesday that foreclosure threatened more than 2.3 million homeowners in 2008. While the number saved by strategies such as the Consumer Warning Network's produce the note cannot be determined, anecdotal stories suggest that the occurrences are reasonably common. AP cited a case in Tampa and 14 cases in Cleveland where foreclosure proceedings abruptly ended upon banks' inability to produce mortgage notes. A Jacksonville legal aid attorney claims to have gotten 240 foreclosures dismissed due to banks' inability to produce mortgage notes. A University of Iowa study cited by AP suggests that mortgage notes may be unavailable in as many as 40% of foreclosure cases.
40% would be a HUGE number of people!
Stop Home Foreclosure; Consumer Warning Network's "Produce the Note" Strategy
February 18, 2009 by Carol Bengle Gilbert Carol Bengle Gilbert Published Content: 554 Total Views: 894,533 Favorited
(9) Consumer Warning Network has advice for homeowners faced with foreclosure: Ask the judge to compel the bank toStop Home Foreclosure; Consumer Warning Network's "Produce the Note" Strategyproduce the mortgage note. While production of the mortgage note in a foreclosure case may seem routine, Consumer Warning Network is telling consumers that many banks can't produce their mortgage notes. And without the notes, banks can't prove they are the rightful owners of the property, entitled to bring foreclosure proceedings.
Rhode Island Attorney General Geoge Babcock is one of many public advocates who has been successfully fighting foreclosures by obtaining temporary restraining orders precluding foreclosure by banks which have not produced mortgage notes, Consumer Warning Network says. When the cases go to hearing, the embarrassed banks are sometimes walking away, losing by default. Homeowners are thus able to remain in their homes.
Where are the missing mortgage notes? The real estate crisis that set the nation's economic downturn in motion - with its whirlwind of expedited transactions and repeated transfers of mortgage notes, with many notes being bundled and sold to investors- led to notes not being completed, getting lost or sent to storage, never to resurface.
The Associated Press reported Tuesday that foreclosure threatened more than 2.3 million homeowners in 2008. While the number saved by strategies such as the Consumer Warning Network's produce the note cannot be determined, anecdotal stories suggest that the occurrences are reasonably common. AP cited a case in Tampa and 14 cases in Cleveland where foreclosure proceedings abruptly ended upon banks' inability to produce mortgage notes. A Jacksonville legal aid attorney claims to have gotten 240 foreclosures dismissed due to banks' inability to produce mortgage notes. A University of Iowa study cited by AP suggests that mortgage notes may be unavailable in as many as 40% of foreclosure cases.
40% would be a HUGE number of people!
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norslyman: Put this in your pipes and smoke it.
Stop Home Foreclosure; Consumer Warning Network's "Produce the Note" Strategy
February 18, 2009 by Carol Bengle Gilbert Carol Bengle Gilbert Published Content: 554 Total Views: 894,533 Favorited
(9) Consumer Warning Network has advice for homeowners faced with foreclosure: Ask the judge to compel the bank toStop Home Foreclosure; Consumer Warning Network's "Produce the Note" Strategyproduce the mortgage note. While production of the mortgage note in a foreclosure case may seem routine, Consumer Warning Network is telling consumers that many banks can't produce their mortgage notes. And without the notes, banks can't prove they are the rightful owners of the property, entitled to bring foreclosure proceedings.
Rhode Island Attorney General Geoge Babcock is one of many public advocates who has been successfully fighting foreclosures by obtaining temporary restraining orders precluding foreclosure by banks which have not produced mortgage notes, Consumer Warning Network says. When the cases go to hearing, the embarrassed banks are sometimes walking away, losing by default. Homeowners are thus able to remain in their homes.
Where are the missing mortgage notes? The real estate crisis that set the nation's economic downturn in motion - with its whirlwind of expedited transactions and repeated transfers of mortgage notes, with many notes being bundled and sold to investors- led to notes not being completed, getting lost or sent to storage, never to resurface.
The Associated Press reported Tuesday that foreclosure threatened more than 2.3 million homeowners in 2008. While the number saved by strategies such as the Consumer Warning Network's produce the note cannot be determined, anecdotal stories suggest that the occurrences are reasonably common. AP cited a case in Tampa and 14 cases in Cleveland where foreclosure proceedings abruptly ended upon banks' inability to produce mortgage notes. A Jacksonville legal aid attorney claims to have gotten 240 foreclosures dismissed due to banks' inability to produce mortgage notes. A University of Iowa study cited by AP suggests that mortgage notes may be unavailable in as many as 40% of foreclosure cases.
40% would be a HUGE number of people!
Nope,it's your Pipe,you smoke it.Stop Home Foreclosure; Consumer Warning Network's "Produce the Note" Strategy
February 18, 2009 by Carol Bengle Gilbert Carol Bengle Gilbert Published Content: 554 Total Views: 894,533 Favorited
(9) Consumer Warning Network has advice for homeowners faced with foreclosure: Ask the judge to compel the bank toStop Home Foreclosure; Consumer Warning Network's "Produce the Note" Strategyproduce the mortgage note. While production of the mortgage note in a foreclosure case may seem routine, Consumer Warning Network is telling consumers that many banks can't produce their mortgage notes. And without the notes, banks can't prove they are the rightful owners of the property, entitled to bring foreclosure proceedings.
Rhode Island Attorney General Geoge Babcock is one of many public advocates who has been successfully fighting foreclosures by obtaining temporary restraining orders precluding foreclosure by banks which have not produced mortgage notes, Consumer Warning Network says. When the cases go to hearing, the embarrassed banks are sometimes walking away, losing by default. Homeowners are thus able to remain in their homes.
Where are the missing mortgage notes? The real estate crisis that set the nation's economic downturn in motion - with its whirlwind of expedited transactions and repeated transfers of mortgage notes, with many notes being bundled and sold to investors- led to notes not being completed, getting lost or sent to storage, never to resurface.
The Associated Press reported Tuesday that foreclosure threatened more than 2.3 million homeowners in 2008. While the number saved by strategies such as the Consumer Warning Network's produce the note cannot be determined, anecdotal stories suggest that the occurrences are reasonably common. AP cited a case in Tampa and 14 cases in Cleveland where foreclosure proceedings abruptly ended upon banks' inability to produce mortgage notes. A Jacksonville legal aid attorney claims to have gotten 240 foreclosures dismissed due to banks' inability to produce mortgage notes. A University of Iowa study cited by AP suggests that mortgage notes may be unavailable in as many as 40% of foreclosure cases.
40% would be a HUGE number of people!
You seem to get some strange satisfaction out of Chaos and Disorder.
It's all yours!
For FREE!
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Don't shoot the messenger. THEY are the ones who thrive on Chaos. Their motto is "Order out of CHAOS" - as in the New World Order. Of course you don't even believe that THEY exist. So I can see how viewing reality could be difficult when you can't see the wizard behind the curtain - so OZ is real to you.
Not to me. I know these people are behind the curtain. I simply try to expose them, and hopefully turn people towards the bible as the only solution.
This note thing is a major victory for a lot of families against the system. Come on, don't you feel happy for a family that gets to stay in their house?
Not to me. I know these people are behind the curtain. I simply try to expose them, and hopefully turn people towards the bible as the only solution.
This note thing is a major victory for a lot of families against the system. Come on, don't you feel happy for a family that gets to stay in their house?
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sounds like a congresswoman looking to her next re-election, to me.
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Da10th: Nowhere does it say that it is legal to squat. Once that note is produced, the bank then has every right to have law enforcement force you out (Usually done by county sheriffs). You don't have time to pack, you don't have time to get your stuff together, they have the legal right to have the sheriff put you out. Usually as a courtesy, they will give you time (15-30minutes) to gather a few things, but in essance you are gone.
So yeah, nice job congresswoman, tell these people they can stay and continue to waste their money on bills on a place they will eventually put out of. All squatting is going to do is delay the inevitable.
So yeah, nice job congresswoman, tell these people they can stay and continue to waste their money on bills on a place they will eventually put out of. All squatting is going to do is delay the inevitable.
she was saying this would only work if the bank cant produce the note, some have already done this and it worked.
but say every bank had the note(and many do not as the op correctly posted) you forget there is power in numbers, if you could have a charismatic figure to organize the millions of people being foreclosed on, you know have meeting and leaflet campaigns and have groups of hundreds at a time choose to squat.
most sheriffs in the us are elected, all you need is youtube vids of little old ladies, and single moms being lead out of their homes by armed deputies or suburban families with their 2.3 kids in toe on the evening news and someones political career is over.
local governments would wash their hands of the banks and the banks will be forced to cut their losses. but it would take everybody or atleast the majority sticking together in this.
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norslyman: This is great! In their stampede of greed they forgot one little thing. THE PAPERWORK.
I hope this practice spreads far and wide.
Saturday, 31 January 2009
Bad loans have been packaged and re-packaged and sold all over the world. Ohio Congresswoman Marcy Kaptur tells her constituents who are victims of foreclosure to squat in their homes until the bank can find and produce the loan. If there's no loan, she says, there's no debt! - Carolyn Baker
Reprinted from RAW STORY
Filed by David Edwards and Stephen C. Webster
If you're poor and the bank is coming for your home, Congresswoman Marcy Kaptur has a plan for you.
Just squat, she says.
Yes, this Ohio Democrat is actually encouraging her financially distressed constituents whose homes have been foreclosed upon, to simply stay put.
In a Friday report, CNN's Drew Griffin explored the case of Ohioan Andrea Geiss, whose home was foreclosed upon in April.
"Behind in payments, out of work, a husband sick, she had nowhere to go," said Griffin. "So, she decided to follow the advice of her Congresswoman and go nowhere."
In Lucas County, Ohio, over 4,000 properties were foreclosed upon in 2008, reports CNN.
"So I say to the American people, you be squatters in your own homes," said Congresswoman Kaptur before the House of Representatives. "Don't you leave."
She's called on all of her foreclosed-upon constituents to stay in their homes and refuse to leave without "an attorney and a fight," said CNN.
"If they've had no legal representation of a high quality, I tell them stay in their homes," Kaptur told Griffin.
Kaptur is a high-profile advocate of an increasingly popular mode of fighting foreclosures best known for it's key phrase: "Produce the note."
By telling a bank to "produce the note," a homeowner can delay foreclosure by forcing the lender to prove the suing institution is actually the same which owns the debt.
"During the lending boom, most mortgages were flipped and sold to another lender or servicer or sliced up and sold to investors as securitized packages on Wall Street," explains the Consumer Warning Network. "In the rush to turn these over as fast as possible to make the most money, many of the new lenders did not get the proper paperwork to show they own the note and mortgage. This is the key to the produce the note strategy."
And Friday's segment on this growing foreclosure fighting "movement" was not the network's first. Earlier in January, CNN explored one person's strategy in demanding her bank "produce the note," only to find that the lender had "lost or destroyed" the evidence of debt ownership. Such a revelation can significantly strengthen a homeowner's position when asking to renegotiate a mortgage.
That these banks, many of which received billions of dollars in government bailout funds, continue to boot defaulted owners from their homes, makes them "vultures" says Kaptur.
"They prey on our property assets," she said. "I guess the reason I'm so adamant on this is because I know property law and its power to protect the individual homeowner. And I believe that 99.9 percent of our people have not had good legal representation in this."
I hope Conrad gets mad because I posted a frakking article from a newspaper. Ha, the author is a nutjob.
Ain't it great they don't have to Crap standing up anymore!I hope this practice spreads far and wide.
Saturday, 31 January 2009
Bad loans have been packaged and re-packaged and sold all over the world. Ohio Congresswoman Marcy Kaptur tells her constituents who are victims of foreclosure to squat in their homes until the bank can find and produce the loan. If there's no loan, she says, there's no debt! - Carolyn Baker
Reprinted from RAW STORY
Filed by David Edwards and Stephen C. Webster
If you're poor and the bank is coming for your home, Congresswoman Marcy Kaptur has a plan for you.
Just squat, she says.
Yes, this Ohio Democrat is actually encouraging her financially distressed constituents whose homes have been foreclosed upon, to simply stay put.
In a Friday report, CNN's Drew Griffin explored the case of Ohioan Andrea Geiss, whose home was foreclosed upon in April.
"Behind in payments, out of work, a husband sick, she had nowhere to go," said Griffin. "So, she decided to follow the advice of her Congresswoman and go nowhere."
In Lucas County, Ohio, over 4,000 properties were foreclosed upon in 2008, reports CNN.
"So I say to the American people, you be squatters in your own homes," said Congresswoman Kaptur before the House of Representatives. "Don't you leave."
She's called on all of her foreclosed-upon constituents to stay in their homes and refuse to leave without "an attorney and a fight," said CNN.
"If they've had no legal representation of a high quality, I tell them stay in their homes," Kaptur told Griffin.
Kaptur is a high-profile advocate of an increasingly popular mode of fighting foreclosures best known for it's key phrase: "Produce the note."
By telling a bank to "produce the note," a homeowner can delay foreclosure by forcing the lender to prove the suing institution is actually the same which owns the debt.
"During the lending boom, most mortgages were flipped and sold to another lender or servicer or sliced up and sold to investors as securitized packages on Wall Street," explains the Consumer Warning Network. "In the rush to turn these over as fast as possible to make the most money, many of the new lenders did not get the proper paperwork to show they own the note and mortgage. This is the key to the produce the note strategy."
And Friday's segment on this growing foreclosure fighting "movement" was not the network's first. Earlier in January, CNN explored one person's strategy in demanding her bank "produce the note," only to find that the lender had "lost or destroyed" the evidence of debt ownership. Such a revelation can significantly strengthen a homeowner's position when asking to renegotiate a mortgage.
That these banks, many of which received billions of dollars in government bailout funds, continue to boot defaulted owners from their homes, makes them "vultures" says Kaptur.
"They prey on our property assets," she said. "I guess the reason I'm so adamant on this is because I know property law and its power to protect the individual homeowner. And I believe that 99.9 percent of our people have not had good legal representation in this."
I hope Conrad gets mad because I posted a frakking article from a newspaper. Ha, the author is a nutjob.
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ooby_dooby: I got a mortgage through an online entity and not 24 hours after the closing the mortgage was sold to Countrywide who's held it ever since. Had I known they were going to sell it I would have gone elsewhere. I have a hard time believing that any mortgage co would be so lax that they would "lose" the documents. Sorry that is just too far out for me to believe.
Actually, it's now with Bank of America, then. Countrywide was bought out by them last year, and no longer exists. Just an FYI.
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Da10th: I agree, very irresponsible advice to give constituants. Honestly & more than anything, to me it seems as though it is nothing but a publicity stunt at the expense of her constituants.
Creative way too exploit them Congresswoman and still look like a hero
Creative way too exploit them Congresswoman and still look like a hero
when she gets voted out of office...will she "squat" in her office, too???
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I hope this practice spreads far and wide.
Saturday, 31 January 2009
Bad loans have been packaged and re-packaged and sold all over the world. Ohio Congresswoman Marcy Kaptur tells her constituents who are victims of foreclosure to squat in their homes until the bank can find and produce the loan. If there's no loan, she says, there's no debt! - Carolyn Baker
Reprinted from RAW STORY
Filed by David Edwards and Stephen C. Webster
If you're poor and the bank is coming for your home, Congresswoman Marcy Kaptur has a plan for you.
Just squat, she says.
Yes, this Ohio Democrat is actually encouraging her financially distressed constituents whose homes have been foreclosed upon, to simply stay put.
In a Friday report, CNN's Drew Griffin explored the case of Ohioan Andrea Geiss, whose home was foreclosed upon in April.
"Behind in payments, out of work, a husband sick, she had nowhere to go," said Griffin. "So, she decided to follow the advice of her Congresswoman and go nowhere."
In Lucas County, Ohio, over 4,000 properties were foreclosed upon in 2008, reports CNN.
"So I say to the American people, you be squatters in your own homes," said Congresswoman Kaptur before the House of Representatives. "Don't you leave."
She's called on all of her foreclosed-upon constituents to stay in their homes and refuse to leave without "an attorney and a fight," said CNN.
"If they've had no legal representation of a high quality, I tell them stay in their homes," Kaptur told Griffin.
Kaptur is a high-profile advocate of an increasingly popular mode of fighting foreclosures best known for it's key phrase: "Produce the note."
By telling a bank to "produce the note," a homeowner can delay foreclosure by forcing the lender to prove the suing institution is actually the same which owns the debt.
"During the lending boom, most mortgages were flipped and sold to another lender or servicer or sliced up and sold to investors as securitized packages on Wall Street," explains the Consumer Warning Network. "In the rush to turn these over as fast as possible to make the most money, many of the new lenders did not get the proper paperwork to show they own the note and mortgage. This is the key to the produce the note strategy."
And Friday's segment on this growing foreclosure fighting "movement" was not the network's first. Earlier in January, CNN explored one person's strategy in demanding her bank "produce the note," only to find that the lender had "lost or destroyed" the evidence of debt ownership. Such a revelation can significantly strengthen a homeowner's position when asking to renegotiate a mortgage.
That these banks, many of which received billions of dollars in government bailout funds, continue to boot defaulted owners from their homes, makes them "vultures" says Kaptur.
"They prey on our property assets," she said. "I guess the reason I'm so adamant on this is because I know property law and its power to protect the individual homeowner. And I believe that 99.9 percent of our people have not had good legal representation in this."
I hope Conrad gets mad because I posted a frakking article from a newspaper. Ha, the author is a nutjob.