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Foreclosure Fraud 101 - Fraudclosing on a Default When There is No Default in Order to Steal Money from the Government (FDIC)

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 23 May 12 8:34 PM | 40 view(s)
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This little gem comes over from Mark Stopa...

Take a look at this Final Judgment, where a borrower prevailed over BB&T at trial. Yes, the bank was sleazier than the skuz on the bottom of my shoes, declaring this borrower in default when there was no default. But take a close look at WHY the bank did so. As the Final Judgment reflects, the bank was financially motivated to declare a default because it knew the government was going to pay the mortgage in the event of default.

As if that’s not disgusting enough, what makes it even worse was that BB&T did not even loan the money – a prior bank did. Yet as a result of a deal with the FDIC, BB&T was in the position of pocketing millions of dollars from our government merely by declaring this borrower in default. This should piss off everybody in America – a bank that didn’t loan money wrongly declares a default so it can collect millions from our government. Where is the outrage?

SHEEPLE,,WTF UP ALREADY!!!!!!!!!!!!!!

Don’t believe me? Don’t take my word for it – read the findings of Judge Levens in this Final Judgment.

From the judgment...

http://www.zerohedge.com/contributed/2012-21-23/foreclosure-fraud-101-%E2%80%93-how-not-fraudclose-default-when-there-no-default-orde?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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