The Little House That Could Bring Down The Big Banks

Ground zero for the robo signing mess. What audacity the banks have to do this to people!

The most interesting part of this article is, IMO,

"But Judge Powers went further than that, saying that GMAC had been admonished in a Florida court for using robo-signers four years ago but had persisted. "It is well past the time for such practices to end," he wrote, adding that GMAC had acted "in bad faith" by submitting Mr. Stephan's material:"

(tongue firmly planted in cheek) You mean all the government's intervention and we still may see failings?  Say it aint so.

John - Your observation about the potential damage to our "system" is an understatement!  The othr side issue is how our enlightened elected officials are going to react, or more importantly, act ....  Thanks for the post and the link .... just one more "gate" in my lifetime!

John, very interesting. She really is the "face" of this thing for some, because not only does she represent those stuck with fraudulent assignments, but she is also a homeowner who, unlike many, isn't faced with a temporary set back that should be considered by banks doing loan mods, BEFORE they engage in the foreclosure process steamroller.

She is  a scary example, because she cannot afford the house, and will be foreclosed on at such time as they can get it right- and SHOULD be foreclosed on...IF they can get it right. It's the "IF" that is the part that, to me, is very unnerving.

I think we are in scary times. These Banks think they can do no wrong, and just because someone is behind they can handle it any way they want to.

John: Interesting. Thanks for the heads up on this one.

Paul

In an effort to capitalize on bail out money and then make foreclosures as cheap as possible with no regard to the lives they affected, the banks have indeed created a mess that may just effect them profoundly.

John, thanks for the post.  I read the times article, as well as the article about Obama, and they remind me why I don't read the times.  I find that they shuffle one paragraph after another in almost random short-attention span fashion, and tell you as little as possible.  I'm hopeful for the collective power of the people who are getting to get some well deserved ground back in this.