If you are being foreclosed on by Northwest Trustee Services Inc and Routh Crabtree Olsen PS, take a look at the web site of NW Trustee Services-http://northwesttrustee.com/TSG.aspx
Apparently they sell your title report to the PUBLIC for $39.00. This is private information about you!
I called the title company that did the report for one of the foreclosed homes and they said they knew nothing about Northwest Trustee Services Inc W selling the report. They said that they didn’t approve, that the title report they issue (that you get charged over $1000+ and then even you cannot get one given to you by the trustee) is private and solely for the trustee and beneficiary.
Everyone one of you that has been or is being foreclosed on by NW Trustee Services needs to make a complaint to the Attorney General in the state in which they reside.
Routh Crabtree Olsen PS is the actual entity that sends out the report. They are owned by Stephen Routh, attorney. Routh Crabtree acted as the debt collector – so that is then a violation of the Fair Debt Collection Practices Act USC 15 1692.
They are divulging private information that they obtained in the course of business being hired by your lender to sue you, and reselling it and making a profit. Deplorable.
In the Northwest Trustee Services web site, it states they’ve performed over 100,000 foreclosures….
BUT they do make mistakes.
Make sure that the assignment of deed of trust and the appointment of successor trustee (naming Northwest Trustee Services Inc) has been recorded in the county where the property is. Often it gets recorded wrong or not at all.
There was one trustee that recently lost in court in WA and had to pay the borrower $250,000 because they didn’t practice “good faith” to all parties. Apparently there was a sale, but they ignored the sale and foreclosed anyway…If you want info about that case, http://seattletimes.nwsource.com/html/localnews/2011270826_halstien06m.html
You can fight foreclosure. Find out who owns your note. File a Freedom of Information Request with the FDIC and ask them if they know who.
Ask your lender. Often they will tell you Freddie Mac or Fannie Mae.
Go on the Securities Web site and look up your lender.......then look up the filings, find the performa and look at that. It will give "cut off " dates. If your loan falls within those, it was sold on the secondary market, so now probably no one owns it.
They appointed a special prosecutor to the Lehman Brothers Bankruptcy and he spent $2 million to investigate the issues. He came back and basically said: If you do not own it, you have to rights to it. This is the case with your loan. The note was sold on Wall Street. The "servicing rights" were sold to the lender that is now servicing (collecting) the payments. But that is all they own. Your note and deed of trust were bifurcated (didn't make you feel any better, did it?).....anyway, according to UCC law, if the promissory note holder does not or cannot prove that they actually have your promissory note, they have no right to sue you for the money.
Your loan was paid off more than once when it was sold on wall street to many different pools of investors (the greedy thieves of lenders sold it more than once, thinking that no one would find out), they shredded the original and made copies of your note.....putting it into different pool offerings. Then they got insurance on the "performance" of the pool (performance means that they insured the fact that maybe the group of loans would pay out or maybe it wouldn't). Mostly AIG (that company that got $175 Billion dollars in the bailout money), did the insurance. When the pool didn't perform (payments didn't come in, because guess why? Becasue there were too many "fake" loans in that pool, then the insurance would pay off the investors.....
Google Mortgage Backed Securities
Watch THE WARNING by Frontline http://video.pbs.org/video/1302794657/# a really good video show about a gal that tried to warn congress and Alan Greenspan knew about the Fraud and the Ponzi game but did nothing.
Write your Senator and Congressman and tell them that you are mad as hell and want something done about the Ponzi game that the lenders, the FDIC, the Federal Reserve, and Alan Greenspan have played over the last 15 years. That is why all our real estate values are Upside down and Underwater. They planned it this way.
Why did Onewest Bank just post a $1.6 BIllion profit when the have only been in business for less than a year? Because they got a Shared Loss Agreement with the FDIC when they purchased the loans of Indymac at 70 cents on the dollar. The agreement says that if they foreclose (suffer a loss) then TARP money will reimburse them the ORIGINAL loan amount (not what you owe now) minus what they get at foreclosure and pay them this sum plus all the interest and any costs they incur to foreclose. That is why the don't want to modify or short sale. They are making money hands over fist to foreclose. Guess who owns Onewest? George Soros the theive that backed Obama. Also Mike Dell. The rich get richer off of all of us.
If they put Bernie Madoff in Jail, the sure as hell, these thieves can be on the same ward as him.
Get mad,
Get knowledgable,
Get involved,
if we all fight together, we can make a difference.
Wednesday, April 7, 2010
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