The Cauldron: A Pagan Forum (Archive Board)
April 21, 2021, 03:36:09 am *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: This is our Read Only Archive Board (closed to posting July 2011). Join our new vBulletin board!
 
  Portal   Forum   Help Rules Search Chat (Mux) Articles Login Register   *

Welcome, Guest. Please login or register.
April 21, 2021, 03:36:09 am

Login with username, password and session length
Donate!
The Cauldron's server is expensive and requires monthly payments. Please become a Bronze, Silver or Gold Donor if you can. Donations are needed every month. Without member support, we can't afford the server.
TC Staff
Important Information about this Archive Board
This message board is The Cauldron: A Pagan Forum's SMF Archive Board. It is closed to new memberships and to posting, but there are over 250,000 messages here that you can still search and read -- many full of interesting and useful information. (This board was open from February 2007 through June 2011).

Our new vBulletin discussion board is located at http://www.ecauldron.com/forum/ -- if you would like to participate in discussions like those you see here, please visit our new vBulletin message board, register an account and join in our discussions. We hope you will find the information in this message archive useful and will consider joining us on our new board.
Pages: [1]   Go Down
  Add bookmark  |  Print  
Author Topic: Banks lose key foreclosure ruling in top Massachusetts court  (Read 3960 times)
LyricFox
Co-Host
Administrator
Grand Adept Member
*****
Last Login:September 04, 2011, 02:39:11 pm
United States United States

Religion: Lapsed Hellenic Reconstructionist
Posts: 8959


Blog entries (0)


« Topic Start: January 08, 2011, 12:00:17 pm »

This would sort of seem like a no brainer to me.


Banks lose key foreclosure ruling in top Massachusetts court

NEW YORK (Reuters) – In a decision that may slow foreclosures nationwide, Massachusetts' highest court voided the seizure of two homes by Wells Fargo & Co and US Bancorp after the banks failed to show they held the mortgages at the time they foreclosed.

http://news.yahoo.com/s/nm/us_usa_foreclosures_ruling
Logged

Visit The Breast Cancer Site & Click to fund free Mammograms
Hosts' Store: Doxy's Bazaar (w/Pagan Items)
Need Web Hosting? See The Cheap Web Hosting Report

Welcome, Guest!
You will need to register and/or login to participate in our discussions.

Read our Rules and Policies and the Quoting Guidelines.

Help Fund Our Server? Donate to Lyricfox's Cancer Fund?

sailor_tech
High Adept Member
******
Last Login:July 06, 2011, 04:43:27 pm
United States United States

Religion: Jewish
Posts: 3564

Blog entries (0)



Ignore
« Reply #1: January 08, 2011, 02:16:03 pm »

This would sort of seem like a no brainer to me.


Banks lose key foreclosure ruling in top Massachusetts court

NEW YORK (Reuters) – In a decision that may slow foreclosures nationwide, Massachusetts' highest court voided the seizure of two homes by Wells Fargo & Co and US Bancorp after the banks failed to show they held the mortgages at the time they foreclosed.

http://news.yahoo.com/s/nm/us_usa_foreclosures_ruling

The Scrib of the slip opinion.

http://www.scribd.com/doc/46472110/Ibanez-Case-JAN-2011

The actual decision.

Looks like anybody whose mortgages was securitized can stop paying their mortgage and get the house free and clear.  Talk about WMD(e).
Logged
RandallS
Co-Host
Administrator
Grand Adept Member
*****
Last Login:October 30, 2020, 08:18:05 am
United States United States

Religion: Hellenic Pagan
TCN ID: ADMIN
Posts: 17181


Blog entries (0)


« Reply #2: January 08, 2011, 03:35:52 pm »

Looks like anybody whose mortgages was securitized can stop paying their mortgage and get the house free and clear.  Talk about WMD(e).

So people or companies should be able to take someone's house away by claiming that they defaulted on a mortgage without having to show they have the title on the house in question? That would be fantastic idea. I can foreclose on everyone I don't like and after I ruin them they can spend their money fighting in court to prove I didn't hold the title and mortgage. What a stupid idea.

I realize that the banks were transferring these mortgages around left and right and did not always bother to do all the paperwork right, but if they wanted the right to foreclose, they should have been sure they were doing it right. They made the mistakes through their own choices, I don't feel sorry for them nor do I think they should be allowed to proceed anyway.
Logged

Randall
RetroRoleplaying [Blog - Forum] -- Out Of Print & Out Of Style Tabletop Roleplaying Games
Software Gadgets Blog -- Interesting Software, Mostly Free
Cheap Web Hosting -- Find an Affordable Web Host
Sperran
Reserve Staff
Staff
High Adept Member
***
Last Login:October 18, 2014, 02:07:12 am
United States United States

Religion: Judaism
Posts: 2945


Adonai Echad

Blog entries (8)


« Reply #3: January 08, 2011, 03:39:05 pm »

They made the mistakes through their own choices, I don't feel sorry for them nor do I think they should be allowed to proceed anyway.

I completely agree.  If the banks had not decided to indulge in crazy speculation and rampant greed, this never would have happened.

Sperran
Logged
sailor_tech
High Adept Member
******
Last Login:July 06, 2011, 04:43:27 pm
United States United States

Religion: Jewish
Posts: 3564

Blog entries (0)



Ignore
« Reply #4: January 08, 2011, 04:59:28 pm »

So people or companies should be able to take someone's house away by claiming that they defaulted on a mortgage without having to show they have the title on the house in question? That would be fantastic idea. I can foreclose on everyone I don't like and after I ruin them they can spend their money fighting in court to prove I didn't hold the title and mortgage. What a stupid idea.

I realize that the banks were transferring these mortgages around left and right and did not always bother to do all the paperwork right, but if they wanted the right to foreclose, they should have been sure they were doing it right. They made the mistakes through their own choices, I don't feel sorry for them nor do I think they should be allowed to proceed anyway.

Uh, no, not what I meant.

I never said that the banks should be able to forclose without paperwork.

Logged
sailor_tech
High Adept Member
******
Last Login:July 06, 2011, 04:43:27 pm
United States United States

Religion: Jewish
Posts: 3564

Blog entries (0)



Ignore
« Reply #5: January 08, 2011, 05:06:02 pm »

I completely agree.  If the banks had not decided to indulge in crazy speculation and rampant greed, this never would have happened.

Sperran

I disagree. I don't consider it "crazy speculation" nor "rampant greed". It's innovative financing.  The banks have screwed that up big time thru their own lazyness (and possibly greed in the form of not wanting to pay transfer fees) the banks are screwed. To bad for the banks. So long as the banks et al don't get a bail out, maybe they'll learn to do the paperwork right next time.

The concept of bundling mortgages really isn't all that new, that was the point behind FDR's creation of Fannie May in 1938. Difference is the ease in which they were split up and re-bundled.
Logged
mandrina
High Adept Member
******
Last Login:August 13, 2013, 11:51:25 pm
United States United States

Religion: Reclaiming practice, still trying to identify diety, but have some ideas
Posts: 3546


Blog entries (0)



Ignore
« Reply #6: January 08, 2011, 05:59:24 pm »

The Scrib of the slip opinion.

http://www.scribd.com/doc/46472110/Ibanez-Case-JAN-2011

The actual decision.

Looks like anybody whose mortgages was securitized can stop paying their mortgage and get the house free and clear.  Talk about WMD(e).


on the other hand, if you really want to keep the house, do you want to take the chance that maybe they DO have the paperwork.
Logged

"I've got a bad feeling about this."

every good guy in any of the Star Wars movies.





[url=http://dragcave.net/vi
mandrina
High Adept Member
******
Last Login:August 13, 2013, 11:51:25 pm
United States United States

Religion: Reclaiming practice, still trying to identify diety, but have some ideas
Posts: 3546


Blog entries (0)



Ignore
« Reply #7: January 08, 2011, 06:04:28 pm »

on the other hand, if you really want to keep the house, do you want to take the chance that maybe they DO have the paperwork.

also, they haven't decided yet what do to if the people who purchased the loans had not been the people who foreclosed in the first place, people who bought the houses in good faith.
Logged

"I've got a bad feeling about this."

every good guy in any of the Star Wars movies.





[url=http://dragcave.net/vi
sailor_tech
High Adept Member
******
Last Login:July 06, 2011, 04:43:27 pm
United States United States

Religion: Jewish
Posts: 3564

Blog entries (0)



Ignore
« Reply #8: January 08, 2011, 06:06:05 pm »

also, they haven't decided yet what do to if the people who purchased the loans had not been the people who foreclosed in the first place, people who bought the houses in good faith.

That's the other part of the WMD(e) issue.
Logged
mandrina
High Adept Member
******
Last Login:August 13, 2013, 11:51:25 pm
United States United States

Religion: Reclaiming practice, still trying to identify diety, but have some ideas
Posts: 3546


Blog entries (0)



Ignore
« Reply #9: January 08, 2011, 06:26:58 pm »

That's the other part of the WMD(e) issue.

http://www.ritholtz.com/blog/2010/10/why-foreclosure-fraud-is-so-dangerous-to-property-rights/

this is from a couple months ago, but seems to be a good piece.
Logged

"I've got a bad feeling about this."

every good guy in any of the Star Wars movies.





[url=http://dragcave.net/vi
LyricFox
Co-Host
Administrator
Grand Adept Member
*****
Last Login:September 04, 2011, 02:39:11 pm
United States United States

Religion: Lapsed Hellenic Reconstructionist
Posts: 8959


Blog entries (0)


« Reply #10: January 08, 2011, 06:58:35 pm »

That's the other part of the WMD(e) issue.

Man, what does WMD stand for? Because every time I see it, I think "weapons of mass destruction" and I KNOW that's not right.
Logged

Visit The Breast Cancer Site & Click to fund free Mammograms
Hosts' Store: Doxy's Bazaar (w/Pagan Items)
Need Web Hosting? See The Cheap Web Hosting Report
mandrina
High Adept Member
******
Last Login:August 13, 2013, 11:51:25 pm
United States United States

Religion: Reclaiming practice, still trying to identify diety, but have some ideas
Posts: 3546


Blog entries (0)



Ignore
« Reply #11: January 08, 2011, 07:00:10 pm »

Man, what does WMD stand for? Because every time I see it, I think "weapons of mass destruction" and I KNOW that's not right.

WMD (e)
weapons of mass destruction/ effects

I think.
Logged

"I've got a bad feeling about this."

every good guy in any of the Star Wars movies.





[url=http://dragcave.net/vi
LyricFox
Co-Host
Administrator
Grand Adept Member
*****
Last Login:September 04, 2011, 02:39:11 pm
United States United States

Religion: Lapsed Hellenic Reconstructionist
Posts: 8959


Blog entries (0)


« Reply #12: January 08, 2011, 07:06:11 pm »

WMD (e)
weapons of mass destruction/ effects

I think.

Help me out here. I'm not connecting the dots between the usual use of the word and the financial situation. I'm obviously missing something in the usage area.
Logged

Visit The Breast Cancer Site & Click to fund free Mammograms
Hosts' Store: Doxy's Bazaar (w/Pagan Items)
Need Web Hosting? See The Cheap Web Hosting Report
mandrina
High Adept Member
******
Last Login:August 13, 2013, 11:51:25 pm
United States United States

Religion: Reclaiming practice, still trying to identify diety, but have some ideas
Posts: 3546


Blog entries (0)



Ignore
« Reply #13: January 08, 2011, 07:27:38 pm »

Help me out here. I'm not connecting the dots between the usual use of the word and the financial situation. I'm obviously missing something in the usage area.
I don't know, I googled and it was the only meaning I got.

Logged

"I've got a bad feeling about this."

every good guy in any of the Star Wars movies.





[url=http://dragcave.net/vi
sailor_tech
High Adept Member
******
Last Login:July 06, 2011, 04:43:27 pm
United States United States

Religion: Jewish
Posts: 3564

Blog entries (0)



Ignore
« Reply #14: January 08, 2011, 08:15:12 pm »

WMD (e)
weapons of mass destruction/ effects

I think.

Very very close.
Weapons of Mass Destruction (economic) and yes, there is a pun there.

I think that a bunch of banks are going to be seriously hurt or destroyed by this. Hopefully some senior folks are going to be going to jail over it.
Logged

Donor Ad: Become a Silver or Gold Donor to get your ad here.

Tags:
Pages: [1]   Go Up
  Add bookmark  |  Print  
 
Jump to:  
  Portal   Forum   Help Rules Search Chat (Mux) Articles Login Register   *

* Share this topic...
In a forum
(BBCode)
In a site/blog
(HTML)


Related Topics
Subject Started by Replies Views Last post
Tyra Banks Show.. Anyone Watching? « 1 2 »
Social Discussion Boards
Pixie Tales 20 5051 Last post August 11, 2007, 09:17:56 am
by moonmarquette
Court ruling spikes internet ministers (ULC)
Religious News
sailor_tech 4 1636 Last post October 30, 2007, 03:08:58 pm
by sailor_tech
Muslim cabbies in Minn. lose round in court
Religious News
LyricFox 6 2109 Last post September 13, 2008, 07:59:27 am
by RandallS
Outdoor Ritual Options in Massachusetts
Holidays and Festivals
lavenderstar 6 2841 Last post August 22, 2010, 04:36:59 pm
by Satsekhem
Tornados In Massachusetts! « 1 2 »
Non-Religious News
Satsekhem 19 7303 Last post June 03, 2011, 08:59:15 pm
by Satsekhem
EU Cookie Notice: This site uses cookies. By using this site you consent to their use.


Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2006-2008, Simple Machines
TinyPortal v0.9.8 © Bloc
Valid XHTML 1.0! Valid CSS!
Page created in 0.061 seconds with 50 queries.