White collar crime – Banks steal houses!

Coming to a home near you soon? Or actually ask your friends and family because the white-collar criminals are likely already operating in your street lurking in the shadows!

If you’ve got such stories about UK Banks, then write in and let us know – the last thing they want is people discussing their crimes in public even though they’re spending the public’s money and harassing those very same people!

“Robo-signed documents, false affidavits and failure to notify defendants are just a few of the ways banks and their lawyers are accused of mishandling foreclosures.”
When these things are happening there would naturally be investigations into these crimes and corporate frauds – but the Police and justice departments are not interested in pursuing them.
Why would that be when the crimes are so public?
Why do criminal Bankers have no limits on what they will do and then seem to be exempt from investigation?  Maybe it is because they think they are ‘above the law’ and have ‘unlimited’ government funding that they do what they want.
So what is white collar crime?

“Within the field of criminology, white-collar crime has been defined by Edwin Sutherland as “a crime committed by a person of respectability and high social status in the course of his occupation” (1939). Sutherland was a proponent of Symbolic Interactionism, and believed that criminal behavior was learned from interpersonal interaction with others. White-collar crime, therefore, overlaps with corporate crime because the opportunity for fraud, bribery, insider trading, embezzlement, computer crime, copyright infringement, money laundering, identity theft, and forgery are more available to white-collar employees.”

– http://en.wikipedia.org/wiki/White-collar_crime

It looks like Bankers are in the perfect place to be taking ‘money’ home with them.
They even have systems in place and what looks like ‘agreements’ with lawyers, courts and judges to allow their paperwork pass through the system whilst the little guy gets stomped on!


Here’s just some of the things they are up to:-

Wall St Banks have been caught stealing homes through fraudulent foreclosures.
They are moving people out of their homes before foreclosure completes, even emptying homes of possessions.
Telling people they have to be in arrears before they will help under new anti-foreclosure laws, then foreclosing because they are in arrears.
When people call for help the people are given fake phone numbers to get help.

Using illegal document to get foreclosures.

Faking foreclosure documents.
Foreclosing on homes that have been paid off.
Even setting up boiler room courts to rush them through.

Get more info and read about the crimes at: 

http://warintel.blogspot.com/2010/12/wall-st-banks-steal-homes-with-impunity.html
http://www.rollingstone.com/politics/news/matt-taibbi-courts-helping-banks-screw-over-homeowners-20101110


In this story Bank of America ‘steals ashes of dead husband and ransacks house’ after foreclosure.

“A bank has been accused of unlawfully seizing the ashes of a dead husband from his grieving widow’s home.  Bailiffs working for the Bank of America are said to have broken into the Mimi Ash’s house during a foreclosure before ransacking the place.  And, according to a U.S. lawsuit, they helped themselves to family and childhood photographs along with her son’s ski medals while cleaning out the entire house.

Ira Rheingold, executive director of the National Association of Consumer Advocates, said that bank errors were happening all the time.  She said: ‘Every day, smaller wrongs happen to people trying to save their homes: being charged the wrong amount of money, being wrongly denied a loan modification, being asked to hand over documents four or five times.

Read more at: http://www.dailymail.co.uk/news/article-1340863/Bank-America-steals-ashes-dead-husband-ransacks-house.html

These small wrongs compound to great injustices!

Yes, this what is really happening. It’s not a perfect world out there and it is time for people to support each other, share the truth and fight back against the white collar crime that is increasing around you all the time.

Bobby


Watch this video below to see the deals that American banks are getting and would you be surprised if the same was happening in the UK and worldwide?
It may be a year old but it’s still relevant today. Stay informed and share the information.  Homes are for living in, humans for being treated respectfully and Bankers, well I’ll let you figure out what they are good for…
See how they play the numbers game to show that profits are more important than people!


Those Indymac boys were given deal by the FDIC, and borrowers were strong-armed




http://www.youtube.com/watch?v=ssl5yb7FewA

Transcript: “Does the Government REALLY want to fix this financial mess we’re in?

Like many banks during the world financial meltdown in 2008, IndyMac closed it doors. Months later, its assets were seized by the FDIC and sold to OneWest Bank by the US Government.

Well, guess who owns OneWest Bank: That would be Goldman Sachs; with bigtime VP Stephen Munchen and bigtime investors, George Soros and John Paulson – of no blood relation to ex-CEO of Goldman Sachs, Hank Paulson – who would be the ex-Secretary of the Treasury.

All IndyMac’s residential property mortgages were purchased by OneWest at 70% of their value; all HELOCs were purchased at 58% percent of the value.

But just in case the OneWest guys would feel cozy and warm, the FDIC stepped in and decided to cover 80% to 90% of the losses, due to short sale or foreclosures that they might incur from those naughty IndyMac-mortgaged homeowners…

The reason why we think you should know about this case is because the Loss Calculations are based on the ORIGINAL home mortgage and NOT the 70% of the ORIGINAL value at which it was purchased by OneWest.

This is an actual sample case fro one of our TBWS viewers…now, this is going to get your blood boiling!

Take an actual loan $478,000 + 6 months of missed payments for a grand total of $485,200. OneWest Bank paid 70% or $334,600 for that loan. ($485,200 X 70% = $334,600).

Then, that underwater homeowner got an all-cash short sale offer for his home that netted $241,000 to OneWest Bank.

Now, according to the FDIC formula, you take the actual amount that OneWest paid for the mortgage: $334,600 but instead they get to use the ORIGINAL amount of the mortgage of $485,200 MINUS the short sale offer of $241,000 and you have an “Adjusted Loss” of $244,200.

Next, according to the sweetheart deal, the FDIC writes a check to OneWest bank for 80% of the net loss ($244,200 X 80%), so the Taxpayer, courtesy of the FDIC pays OneWest $195,360.

Now, ADD the $195,360 paid by the Government to the short sale offer of $241,000 and One West Bank just made: $436,360 on a loan that they only bought for $334,600! And all they had to do was sell it for what they wanted to!

Guys! They can’t lose money on this deal! OneWest Bank just profited on this short sale to the tune of $101,760 — all because of the sweetheart deal they made with the FDIC.

So, if you ever ask yourself, “Why is it so hard to get a mortgage loan?” The answer is that *there’s too much money to be made on short sales and foreclosures.*

Ready for an encore? The house still was sold for less than the original loan amount and the *borrower was forced to sign a promissory note for $75,000* to OneWest Bank!

So who really wins in the end? Well, just let you decide…

By the way, the FDIC just announced that they would start needing to borrow money from the Treasury — the Treasury being the place where all those Goldman Sachs guys used to call home before they called OneWest Bank home.

If you’re as mad about this as we are, share this with as many people as you can, so we can all understand more about this business that we care so deeply about…”

Could your home be stolen?

As reported in the Sunday Express on Sunday 6th March 2011.

Criminals are taking advantage of changes in the law to transfer the ownership of land and property to themselves. They are easily able to do this because land certificates have been abolished and all property titles in England and Wales are published online. It is believed the problem was “substantial” and growing.

By changing an owners’ address for official correspondence, a fraudster can take out a mortgage and even sell the property.

Anyone owning an interest in property can be the victim of property fraud. The most likely victims are the elderly, particularly those in care homes or hospital, homeowners who live abroad, absent landlords, where a relationship breaks down, people owning properties outright, where a property is empty or is bought to let.

“Fraudsters often target properties where there is no mortgage or the owner lives elsewhere. They may attempt to acquire the title by using a forged transfer or impersonating the owner.”

Could it not also be possible for Banks/lenders/fraudsters to hire third parties to sell an investors property in the event of a dispute instead of resolving it and going through the courts?
This would be an example of a relationship that has broken down and we all know that banks are under pressure to get rid of debt and have more Cash on account, by whatever means necessary, due to their high leverage and insolvency (which required Government bailout with your money.)
Remember white collar criminals are on the rise in these challenging times and prepared to go to more extreme lengths to make a ‘profit’.

You can search the internet and media for complaints against private banks, nationalised banks and part government owned banks – in the US, UK and worldwide.

“How can I prove ownership of my house if I don’t have a Land Certificate?
The register of your ownership is exactly the same, as are all the entries on your register. We will issue an official copy of your register and a Title Information Document instead of a certificate; this explains why we have issued it and how to get copies of your register in the future. All the information is held electronically. It is a safer way of holding the information and reduces the risk of fraud.” – Land Registry

So as far as the Land Registry is concerned, there is less risk having got rid of Certificates! As usual, the Land Registry/Government are not there to help – so it is once again up to you to protect yourself.

Whereas many discuss the problems, I like to search out solutions to these problems as well, wherever I can find them.

Fortunately you can get your free guide on How to Safeguard against Property Fraud here. Download it now from the Land Registry site: www1.landregistry.gov.uk/propertyfraud

Here you will find suggestions to add more addresses for service, including a solicitor and putting a restriction on the title. And be careful what you sign – as mentioned white collar crime appears to be on the increase with more litigation, where the only winners seem to be lawyers and large corporations.

Read the full article from the Sunday Express below and on their site.


“CRIMINALS are taking advantage of changes in the law to transfer the ownership of land and property to themselves.

They are easily able to do this because land certificates have been abolished and all property titles in England and Wales are published online.

Many home owners may not even be aware that a fraudster who has impersonated them in a form of identity theft has stolen the rights to their property until it is too late.

Solicitor Patrick McCloy, said yesterday: “I have come across four cases of this in the last year alone.”

He added that he believed the problem was “substantial” and growing.

By changing an owners’ address for official correspondence, a fraudster can take out a mortgage and even sell the property.

The most likely victims are the elderly, particularly those in care homes or hospital, homeowners who live abroad, absent landlords and people owning properties outright.

Criminals are using changes in the law to transfer the ownership of property to themselves

People in these categories often own properties without a mortgage, making them easier targets.

In 2009-10, the Land Registry, the state body which holds all records of UK properties, paid £4.9million for 53 claims arising from fraud and forgery, a tenfold increase on the £491,656 for 15 claims in 2004-05.

The scam typically sees fraudsters take out a mortgage using someone else’s identity.

They put some of it into an account to make some repayments and pocket the rest.

The lender only finds out when the bank account runs dry, with the real property deed holder left liable for the debt.

In 2009 Simon and Christine Rowntree thought selling their large family home in Birmingham to move to a smaller property would be straightforward but to their amazement, the Land Registry told them they no longer owned their house.

Christine said: “We couldn’t believe it. We didn’t have a mortgage, we owned it outright. It was just unbelievable.” Trevor Guy, who owns land in Manchester, had his property stolen by fraudsters who took out a mortgage for more than £100million.

He took the case to court, but while the court did not dispute he was the rightful owner, he was deemed liable for the debt charge run up by the crooks. Mr Guy continues to fight his case.

Ben Francis, of estate agents Sullivan Thomas in Parsons Green, west London, recently foiled a fraud when a tenant warned him that the flat he was renting had been “sold” by a fraudster.

Wiltshire solicitor Mr McCloy has teamed up with other lawyers to launch Gatekeeper Protection, a service designed to guard against theft by placing restrictions against an owner’s title.

The Land Registry website offers guidance and reassurance that it will compensate victims, but there is no guaranteed entitlement.

The Land Registry has said that increased investment in counter-fraud has already prevented fraud attempts of an estimated £20million. A spokeswoman said: “Homeowners have to be on the ball all the time.”

Last night Jamey Johnson, head of watchdog Action Fraud, said: “Victims should report fraud by visiting our website actionfraud.org.uk or by phoning 0300 123 2040.”

Article By Tracey Boles on Sunday March 6,2011
Read more at: http://www.express.co.uk/posts/view/232866/Your-home-could-be-stolen