Matt Taibbi: Courts Helping Banks Screw Over Homeowners
http://www.rollingstone.com/politics/new…
Retired judges are rushing through complex cases to speed foreclosures in Florida’s “rocket docket”. One Jacksonville judge, the Honorable A.C. Soud, even told a local newspaper that his goal is to resolve 25 cases per hour. Banks with bad paperwork or outright lies are allowed to refile again and again on the same mortgage until foreclosure passes.
Also…
BofA Mortgage Morass Deepens After Employee Says Trustee Didn’t Get Notes
http://www.bloomberg.com/news/2010-11-30…
‘It may mean investors who think they bought mortgage- backed securities bought securities that aren’t backed by anything,’ said Kurt Eggert, a professor at Chapman University School of Law in Orange, California.
And one more. If you have ANY business with JPMorgan Chase, this article about Jefferson County, Alabama alone should be good enough to make you close your account and take it somewhere else:
The Real Reason America’s Cities and Towns Are Broke
http://www.rollingstone.com/politics/new…
On a sewer project that was originally supposed to cost $250 million, the county now owed a total of $1.28 billion just in interest and fees on the debt.
Poet
