Comments on: Bloomberg investigation: “confessions of judgment” and NY debt collection

By: Renoira

Renoira — Wed, 28 Nov 2018 02:27:23 +0000

Unconscionable contracts seems to be the flavor of the day. I’ve read some horrible contracts that are issued to desperate people who are trying to support their families, develop businesses just to get a leg up.

The American dream has become the American nightmare as lenders and businesses have been allowed to run amok.

We have become the England our forefathers sought to escape….and justice is slowing being taken from us.

Sad. There will be a price to pay.

By: Susan

Susan — Tue, 27 Nov 2018 15:13:28 +0000

I dare any lawyer to look at foreclosure cases for the past 10 years. Actually, law schools should take this on. Fraudulent docs everywhere. Robo signed (forged) assignments. Entities allowed to foreclose without standing. Homeowners steered into default by ‘lenders’ advising them they had to be 90 days in arrears to qualify for HAMP.
18 million foreclosures, most CAUSED by the pretender lenders.
Jail the bankers.

By: SPO

SPO — Sat, 24 Nov 2018 14:00:35 +0000

If the lenders take things based on forged documents, then that is a crime, and the criminal law should provide a remedy.

The problem, it seems to me, is that the powers that be don’t seem to think that these sorts of things are crimes. Take the Wells Fargo repossessions based on phantom debts on force-placed insurance. Why wasn’t anyone charged with car-theft? Why didn’t the consumer advocates tell people whose car was wrongfully repossessed at the behest of Wells Fargo to swear out a criminal complaint? Obviously, the repo man was just doing his job, but the employee at Wells Fargo who created the fake account should be haled into some local court and prosecuted.

The other problem with Wells Fargo’s practices–in a society with armed people, repos based on fraud may be met, justifiably, with force. The people who did these things are criminals and put people’s lives and safety at risk.