Additional Foreclosure Defenses For Homeowners

by Ken Kappel on January 25, 2011

Clearly from a national perspective, those that have destroyed our and the world economies still have a license to continue their control  Yet, from the hinterlands, the wheels of justice may be, appear to be – slowly grinding.

We do our best to provide folks who have mortgage and foreclosure issues with the information, knowledge, confidence, courage and tools to enable you to step to the plate, and Repudiate Illegal Housing Debt.

This is a something you can – must – begin to– “do this at home.”

Yves Smith at the No. 1 rated economic blog, Naked Capitalism, is likely the most astute analyst regarding the rapidly evolving mortgage-based litigation front. She’s back. To read Yves’ entire post. click here.

In order to understand the depth of her prowess and intellectual capacity, see her book, ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism, available from her web site click here.

”The securitization industry may be about to reap the whirlwind of its failure to take the need for reform seriously. As we’ve indicated, industry incumbents have adopted a denialist approach to widespread evidence of serious documentation problems and procedural abuses, and have fought reasonable, pro investor proposals tooth and nail.”

Yves said further.
”In addition, as I read it, this bill would also effectively bar foreclosures in the name of MERS.”

”The tectonic plates are starting to shift in mortgage land. It would behoove industry incumbents to be a tad more pro-active, but expect them instead to continue to try to block any meaningful change, relying on the usual claim of  ‘it will destroy the housing market.’  Funny, they seem to have already done that.”

We can add nothing to Yves last two sentences above. We urge you to read the entire article here.

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