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To: Kartographer
I don't put this into the same category as the other foreclosure frauds.

If I'm being foreclosed on, I have a legal right to insist that the bank produce provenance to the mortgage note.

I don't think I have a right to demand that the bank keep a "promise".

What the bank has done here is legal, even though we may not like the attitude expressed by their action.

But --- sauce for the goose, sauce for the gander. If someone is way underwater on their mortgage to this bank and simply mails in the keys, the bank has forfeited any right to talk about "lack of integrity".

21 posted on 02/10/2011 10:54:58 AM PST by Notary Sojac (We have had three central banks in America's history: two of them failed and so will this one....)
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To: Notary Sojac

“I don’t think I have a right to demand that the bank keep a “promise”. “

I disagree, if you enter into negotiations with the bank both parties should meet the conditions as agreee. Both parties contend the purpose of the negotiations is to correct the default status and keep the owner in the home.

The bank tells the owner that if they make payments of a certain amount then the bank will modify the mortgage amount and bring them current.

The owner meets the requirements of the negotiations but the bank fails.


27 posted on 02/10/2011 11:16:49 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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