Hi John , Regarding the WFB foreclosure on a paid ahead mortgage . It may be that they re-contracted the borrower's loan, forecasting a real estate bubble, or planning on an upcoming financial crisis, wherein the mortgagor could very likely be expected by the bank to default, within the planned , or projected crisis period. Remember that the are very skilled in ' setting up' clients, to default. If you are not familiar with the Banker's Manifestoes of 1892 and 1933, therein, the Banksters state, " that the common people are not worthy to own homes , or private real estate ". So their plan is to manipulate the financial climate , to foreclose on these folks. So they create these financial crises , and that results in a ' harvest of foreclosures'. That is how corporations do these things, loans , or hiring by age cycles designed in a computer algorithms, these days , make it much more easy to " set up their targeted clients " . Ben Shalom Bernake stated on a MSM clip that the Federal Reserve Bank , 'probably', orchestrated the 1929 Depression. AND , The same thing with the housing bubble collapse that started in 2008 , and continues. In fact , it has been reported that there is financial crisis coming, as we well know, but ,the MSM is reporting an increase in home sales, encouraging people to buy , or buy bigger . The bank told Eyewitness News Syldor didn’t follow the modification guidelinesbecause he paid early and sometimes his payments were sent one on top of the other Oh the absurdist world of MBS. Because Wells Fargo sold Mr. Syldor one of these chopped up and reassembled frankenloans it didn’t matter that the bank was getting paid – usually the goal of loaning money – what mattered was that the arcane calculus of the derivative was not being complied with. And since Syldor was so happy to have a home for his family and was able to cobble together the cash from working multiple jobs he rushed to pay his mortgage to keep his home. His reward? Foreclosure proceedings that would have put him and his family on the street. It’s 2013 and we are still dealing with this nonsense. |
Friday, May 24, 2013
Wells Fargo Bank Foreclosure commentary
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2 comments:
Don't you mean the "mortgagee" could be expected to default?
Banks expected/at least hope for as many defaults as possible. Homeowners are teased with the carrot of modification like they are the good guys, they tell you that you have to miss a payment in order to qualify, then BAM...you are on the road to foreclosure, credit shot, years of frustration, shredded applications, fraud...your money handed off to bogus attorneys (most of them) and if you are lucky to get to court, a bogus "judge" is there to finalize your fate...which waits for you out in the streets.
I am not reading that the borrower paid ahead on his mortgage. He paid ahead of the due date to insure his payment was timely and not late.
I agree these market swings are all planned. Foreclosure are a calculated land grab. Just part of an entire network of monetary schemes to keep fresh money moving through the veins of the bloodsuckers.
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