Foreclosure to Home Free, as 5-Year Clock Expires

This is an example of a moral hazard our ponzi financial system has created.  Savers and investors are destroyed by zero interest rate policy (or negative interest rate policy), while welchers are enabled.

http://www.nytimes.com/2015/03/30/business/foreclosure-to-home-free-as-5-year-clock-expires.html?partner=socialflow&smid=tw-nytimesbusiness&_r=0

Foreclosure abuse rampant across U.S., experts say

http://www.reuters.com/article/2012/02/17/us-usa-housing-defaults-idUSTRE81G04M20120217

A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.

Houston, we've got a problem - Bevilacqua

http://amvona.com/blog/economics/28217-houston-weve-got-a-problem-bevilacqua.html

In essence, the ruling upheld that those who had purchased foreclosure properties that had been illegally foreclosed upon (which is virtually all foreclosure sales in the last five years), did not in fact have title to those properties.

Given the fact that more than two-thirds of all real estate transactions in the last five years have also been foreclosed properties, this creates a small problem.

The Massachusetts SJC is one of the most respected high courts in the country, other supreme courts look to these decisions for guidance, and would find it difficult to rule any other way in their own states. It is a precedent. It's an important precedent.

Meet The Squatters: Here Are The Millions Of Americans Who Live Mortgage-Free For Up To 5 Years And Counting

http://www.zerohedge.com/article/meet-squatters-here-are-millions-americans-who-live-mortgage-free-5-years-and-counting

JPMorgan Fighting 10,000 Lawsuits

http://www.thestreet.com/story/11026295/1/jpmorgan-fighting-10000-lawsuits.html

A Frightening Satellite Tour Of America's Foreclosure Wasteland

http://www.businessinsider.com/satellite-tour-foreclosure-cities-2011-1#20-boise-idaho-1-in-21-homes-in-foreclosure-the-red-dots-show-foreclosures-1

Saving Americans by sticking it to them

http://www.bloomberg.com/news/2010-09-24/saving-americans-requires-sticking-it-to-them-jonathan-weil.html

Last week, in a rare and possibly fleeting victory for the little guy, Ally Financial Inc.’s mortgage-servicing unit temporarily halted evictions tied to foreclosures in 23 states. This came after some attorneys for homeowners caught the company saying things that weren’t true in its court filings.

There’s no sense complaining to the federal government about Ally’s conduct, though. That’s because the Treasury Department is the company’s majority shareholder, after spending $17.2 billion of bailout money on Ally under the Troubled Asset Relief Program.

With the benefit of hindsight and a little rephrasing, the government’s policy is clearer now: We have to let these bailed- out banks keep screwing the American people, in order to keep the American people from getting screwed on their investments in these bailed-out banks.

It makes no difference how many loan-modification programs the government creates, or what new consumer-protection agency Elizabeth Warren gets hired to lead. As long as the Treasury is supporting a company such as Ally, Americans will be right to conclude the government is two-faced and working against their own best interests.

This is what infuriates so many Americans about the bailout culture. When banks break the rules, consumers are supposed to be able to turn to the government for help. When Ally breaks the rules, though, it’s the Treasury’s own company that’s doing it.

Our government isn’t supposed to prey on its own people in the name of protecting our investments. It never should have gotten in this business in the first place.

Man bulldozes his own home

He bulldozes his home about to be foreclosed on.

http://www.youtube.com/watch?v=a_2HTKodv10