IPFS News Link • Federal Reserve
An unwitting foot soldier in the Wall Street mortgage mega-scam
• http://www.realecontv.com/If you've ever bought a house or arranged
for refinancing pre-2003, you know it's a serious process with lots of
people in the room including buyers, sellers, lawyers, real estate
agents, mortgage brokers, title company agents and whoever else needs to
be in the room to sign the paperwork.
It's a process that can take anywhere from 30 minutes to an hour or more.
Once the paperwork is signed, it's sent to the County Courthouse to be legally recorded. This meticulous chain of events is essential for insuring order in the real estate marketplace. Otherwise, crooks could transfer property, attach loans to property, and do just about anything they want at will
Guess what?
HUNDREDS OF BILLIONS OF DOLLARS worth of real estate documents created during the Go-Go Bush years were manufactured out of thin air.
The loans may or may not have been legitimate, but the paperwork documenting them was entirely bogus, illegally handled and therefore INVALID.
I'm using lots of caps to try to convey the seriousness of the situation.
The sheer scale of these operations represent top down, organized fraud on a scale that nearly defies human comprehension.
In a normal day, a title company officer might handle five or six closings, more if very well organized and very ambitious.
In this video deposition, we hear testimony from a man who claims he closed the paperwork on approximately 5,000 loan assignments PER DAY.
It's a process that can take anywhere from 30 minutes to an hour or more.
Once the paperwork is signed, it's sent to the County Courthouse to be legally recorded. This meticulous chain of events is essential for insuring order in the real estate marketplace. Otherwise, crooks could transfer property, attach loans to property, and do just about anything they want at will
Guess what?
HUNDREDS OF BILLIONS OF DOLLARS worth of real estate documents created during the Go-Go Bush years were manufactured out of thin air.
The loans may or may not have been legitimate, but the paperwork documenting them was entirely bogus, illegally handled and therefore INVALID.
I'm using lots of caps to try to convey the seriousness of the situation.
The sheer scale of these operations represent top down, organized fraud on a scale that nearly defies human comprehension.
In a normal day, a title company officer might handle five or six closings, more if very well organized and very ambitious.
In this video deposition, we hear testimony from a man who claims he closed the paperwork on approximately 5,000 loan assignments PER DAY.
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