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More Foreclosures Thrown Out By Another Federal Judge
Posted by: petertribo
Date: 11/17/2007 03:27PM
Here's the best comment in the story:
"As to the real ramification of the Ohio decision, aside from slowing the foreclosure trains, is that the fact that there were no “original” assignments rendering the sales of the mortgages to the trusts, in violation of the true sale obligations imposed by securities law. ”
http://iamfacingforeclosure.com/blog/2007/11/16/the-judicial-integrity-of-the-united-states-court-is-%e2%80%9cpriceless%e2%80%9d-%e2%80%93-27-more-foreclosures-dismissed/
Well, hey, the Rule Of Law may actually prevail in some Courts. That is, you actually have to PROVE OWNERSHIP to throw someone out of a house! This is, of course, highly inconvenient for the Wall Street Cartel.
So, two million foreclosures in progress or on the way. For starters, how much is it going to cost just to untangle the ownership from the securities?
In addition, the RE Gang who perped the SUBPRIME ripoffs are not exactly politically popular in all jurisdictions, possibly making them moving targets for prosecutions.
"As to the real ramification of the Ohio decision, aside from slowing the foreclosure trains, is that the fact that there were no “original” assignments rendering the sales of the mortgages to the trusts, in violation of the true sale obligations imposed by securities law. ”
http://iamfacingforeclosure.com/blog/2007/11/16/the-judicial-integrity-of-the-united-states-court-is-%e2%80%9cpriceless%e2%80%9d-%e2%80%93-27-more-foreclosures-dismissed/
Well, hey, the Rule Of Law may actually prevail in some Courts. That is, you actually have to PROVE OWNERSHIP to throw someone out of a house! This is, of course, highly inconvenient for the Wall Street Cartel.
So, two million foreclosures in progress or on the way. For starters, how much is it going to cost just to untangle the ownership from the securities?
In addition, the RE Gang who perped the SUBPRIME ripoffs are not exactly politically popular in all jurisdictions, possibly making them moving targets for prosecutions.
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