Media Still Spreading Bank Myths: Suicides, Huge Increases in Foreclosures

The media has moved on from foreclosures as the nation’s primary economic crisis. They are reading into numbers that Wall Street is putting out in those areas where Wall Street decision makers have temporarily reduced foreclosures. This is a calculated effort by Wall Street to manage the news. The truth is that there will be another 5-7 million foreclosures over the next 5 years displacing another 15 million people from their lives and homes. Some states, like Florida, have eliminated funding for a rocket docket program of dubious value or constitutionality. The paradox is that the lie about “declining foreclosures” might help get cases heard on the merits where the homeowner’s challenge to ownership and balance is taken seriously.

Once upon a time investigative journalism was considered the height of the profession of journalists. But editors in both the written and  video media have essentially opted out of the foreclosure crisis and Wall Street corruption, like the manipulation of the precious metal markets by the big banks. Nobody is asking the obvious question: why are the banks even in the precious metal markets and how did they get control? Is that where the money went that they stole from the American economy and other world economies?

see 10 States Where Foreclosures Are Increasing

More than half the states reported increases in bank repossessions, and Vermont led the way with a 280% year-over-year increase (of course, in Vermont, where there are fewer people than in the District of Columbia, it only took an increase of 12 repossessions to get that 280% jump).

see http://www.jdsupra.com/legalnews/condominium-association-assessments-in-m-34641/

Montreaux serves as a reminder that a trial court can only enforce or take action on issues pled or litigated—expressly or impliedly—by parties. As such, foreclosure plaintiffs should place the issue of assessments before the trial court. Only then may the trial court enter a final judgment adjudicating assessments….Montreaux at Deerwood Lake Condominium Ass’n, Inc. v. Citibank, N.A., _ So. 3d _, 2014 WL 7183213 (Fla. 1st DCA Dec. 18, 2014)

[Editor’s Note: The same issues upon which homeowners with few resources are winning against banks, the better financed homeowners’ association and condominium associations can foreclose against the homeowner, the “bank” or both. There are hundreds of transactions per month in which investors are buying up the lien rights of homeowners associations. Both the association and the homeowner are failing to see the forest. In Florida the foreclosing bank can neither delay the foreclosure nor ignore the declaration of condominium after foreclosure — they owe the assessments and can be easily foreclosed.]

see Foreclosure Related Suicides Doubled

A large share of the deaths (37 percent) happened within two weeks of a specific housing crisis, such as an eviction notice or court hearing. The overwhelming majority of these suicides (79 percent) took place before the renters or owners actually lost their housing.

[Editor’s Note: The CDC is pointing out that the result of these foreclosures is frequently suicide and it is obvious that the foreclosures have also resulted in more divorces, more poverty, more food stamps, more aid to the poor, increasing levels of poverty and a strain on our consumer related economy. Some of the suicides have been first, murder of the entire family, then suicide. If the foreclosures were inevitable it could be argued that is the price of a free society. But the truth is that between 65% and 95% of all foreclosures are fraudulent, propped up by a government that believes that the failure of the banks is worse than the failure of the people to survive — literally].

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