Saturday, November 26, 2011

The Real Question in the Foreclosure Fraud Crisis Is: Why Do The Banks Need So Many Documents Created.?

The real question in the foreclosure fraud crisis, above all others, and one it seems no one is asking [is] why do the banks need so many documents created? Why are services like Lender Processing Services needed? Period?

The answer to why the banks need so many documents created is surprisingly simple. In the majority of the cases, it would seem at the local level where the borrower signs the note and the promissory note makes its way to the aggregater who destroys the note when making the bonds to be offered to the investors in the REMIC/Trust. It would appear that this is one of the few if not only area of legal behavior of the securitization scam and market crash afterwards.

So basically they need all these documents made so they can replace what they destroyed and know they need to make claim for what they know they have no legal claim to in court.

1 comment:

  1. Great Post! It's very nice to read this info from someone that actually knows what they are talking about.
    Discounted Note