Thursday, November 12, 2015

The Beating Heart of Illegal Foreclosures?

I'm short on time today, so I'm just going to recommend a couple of links about falsifying loan documents, and let you see what I found on prominent networking site.

What did I find? The beating heart of illegal foreclosures, it seems, in the person of a young man with quite a useful skillset. I don't mean to allege wrongdoing on the part of this able boyscout, only to bemoan his misfortune at finding himself in the employ of so many morally and financially bankrupt homeburglarz. I've concealed his likeness and name, and I trust that my readers will not seek him out for personal abuse. It is his masters who must answer for their transgressions against the nation's home-owners. I wish him the best.

• Did you think RCS would never falsify documents? More to think about, from Naked Capitalism.

• Once you've seen the skills the young fellow below proudly states on his LinkedIn profile,
imagine him being interrogated as this hapless Chase employee was.

Some notes on his prior employers follow his résumé. (Good lord!)

Homeward Residential was acquired by Occwen, but not before illegally destroying people's lives.
My family was ripped off from AHMSI, Homeward Residential Services, or whatever they call themselves now-a-days. [...] I have proof that we were actively dealing with the company when they sold our house. [...] We had lived there for 20 years and had to find out from our neighbors that people were at our house painting etc. We had no idea that they sold our house on the courthouse steps.

He was also at poor old American Home Mortgage Servicing ..."The company filed for Chapter 11 bankruptcy protection in Wilmington Delaware federal court, on August 6, 2007. The week before the filing, the company said that many of its lenders had demanded their money back, and that AHM was also unable to deliver on about US$800 million in commitments for housing loans, and had laid off nearly ninety percent of its 7,000 employees."

Butler and Holsch? You can read for yourself in "Alarming details charged in the collapse of Butler & Hosch" on HousingWire.

At the time the doors closed, the firm handled 60,000 foreclose cases nationwide and it’s not known how many will end up being dismissed.

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Have you had a go-round with RCS? (If you're willing to share any NPV input data you got, please let me know.(