Rolling Stone Read: Reckless Rubber Stamping Foreclosures

by Ellen Pilelsky – From the Heart

Oppenheim Law on the Matt Taibbi article in the Rolling Stone
There is something so deeply wrong and disturbing with the current foreclosure crisis.

Simply: While most of us have some opinion as to the foreclosure mess, many don’t seem to care about the incredible amount of fraud that has occurred and continues to take place each day.

Some argue that people who fail to pay their mortgages, regardless of their reasons, are “deadbeats.” But, what about the fact some of the largest and wealthiest banks are missing documents used to remove people from their homes? And, in our “rocket docket” State of Florida, there are retired judges who are merely rubber stamping the foreclosure papers filed by the lenders’ firms without actually reviewing the merits of each case?

In Matt Taibbi’s rather eye opening and disturbing article Courts Helping Banks Screw Over Homeowners appearing in Rolling Stone Magazine November 10 issue, he recounts a day of going to a Jacksonville court and experiencing first hand the outrageous and flagrant rubber stamping of cases without judicial review.

Shouldn’t it matter that many of these cases result in people being forced to leave their homes when the very banks in question can’t even produce the documents needed to prove their case? Isn’t it a bit odd that these wealthy banks are not being subject to the same level of scrutiny?

Or is this politics as usual? After all, many of these banks sold the mortgages of people to “investors” –other banks or trusts. And, many of those trusts do not have the documentation to prove they have the original documents. Wall Street, in fact, was part of this process and made huge sums of money.

And, what about the fact that banks have broken into homes that are in foreclosure? Where is the punishment called breaking and entering?

While each of us has a responsibility to pay our debts, there has to be some accountability by the banks for creating an environment where many people borrowed too much and where they themselves have not responsibly acted. Ironically, our government spent billions to bail out the banks who, for the most part, have acted without impunity in this foreclosure nightmare.

Will the government bail out the homeowner? Or will the massive fraud that is now being exposed, and yet used everyday in court, continue to be ignored?

Tags: banks, Courts Helping Banks Screw Over Homeowners, Ellen Pilelsky, Foreclosure Mess, From the Heart, Matt Taibbi, November 2010 Rolling Stone, Oppenheim Law, Rolling Stone, Rubber Stamping, wall street

7 responses to “Rolling Stone Read: Reckless Rubber Stamping Foreclosures”

  1. al says:

    Yes I was locked out of my home for 9 monthsd because it was not finished and chase would not close without a co.

  2. Gregorybushnell says:


    My Civil Case regarding Wrongful Foreclosure went Judicial in California.

    The Judges turned a “Blind Eye” to the Back-Dated, Forged, Non- Acknowledged Fraudulent Foreclosure Documents and EMBEZZLEMENT Scheme, removed the LIS PENDEN, allowing GOLDMAN SACHS to FORECLOSE ON MY PROPERTY.

    GOLDMAN SACHS does not own my property, but their name is all over the Insurance documents.

    To all Foreclosure Victims:
    If you are in need of Affirmative Defenses to combat these thieves and injustice, feel free to visit my blog at http://www.bushnellcomplaint.blogspot.com.

    And Click on this link to view my current Unlawful Detainer:

  3. standard says:

    ATTENTION! I found a local litigation support specialist, LEGAL VETTING and they are offering FREE forensic audits to the public. I went to the Boca Raton based office in August for this free public service.

    Legal Vetting who is currently working in hand with NACA and NAACP, is offering hope to troubled homeowners that were sold fradulent, predatory loans when the lenders allegedly conspired with companies such as Morgan Stanley, Merrill Lynch, and Goldman Sachs. The Philadelphia-based firm provides in-depth mortgage analysis to a nationwide network of lawyers and has already investigated over $600 million in foreclosure cases this past year.

    Legal Vetting’s primary argument is that the majority of this country’s foreclosures stem from loans that should never have been made in the first place.

    From the files Legal Vetting has audited, the attorneys are wining the cases and obtaining settlement offers from the predatory lenders.

    For more information, please contact:
    Legal Vetting Inc.
    Telephone: 866.364.1399 ext. 750
    Fax 866.363.5877
    Website: http://www.legalvetting.org

  4. […] prove they own the loans, therefore forfeiting their right to foreclose. After last fall’s robo-signing debacle, many homeowners are waking up and realizing their banks are guilty of sloppy practices at best and […]

  5. […] prove they own the loans, therefore forfeiting their right to foreclose. After last fall’s robo-signing debacle, many homeowners are waking up and realizing their banks are guilty of sloppy practices at best and […]

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