Tonight! Let's Get it Right This Time! Foreclosure moratoriums and forbearance programs

Apr 2, 2020

Thursdays LIVE! Click in to the Neil Garfield Show

Tonight’s Show Hosted by Neil Garfield, Esq.

Call in at (347) 850-1260, 6pm Eastern Thursdays

Everyone either is or will shortly be effected in important ways by coronavirus. Wear masks if you have them, use disinfectant wipes if you go out. Wash your hands and face. Practice social distancing. Unfortunately the places that took this less seriously will soon be suffering from the worst outbreaks, the greatest economic slowdowns and the greatest number of deaths. And for now the reports indicate that is mostly in the Southeast United States which are projected to have the deepest recession in economic history.

Some people are trying to say that there won’t be an increase in the number of attempted foreclosures. That’s like saying you can drop a piano out of an airplane and it won’t land anywhere. In just 2 weeks this country has lost 10 million jobs — a pace that far exceeds the 2008 recession and even the great Depression. All things being equal if people have no income they won’t be making mortgage payments or rent payments. The enormity of this crisis is not and cannot be met by standard stimulus packages. We must find another way and that way, in my opinion, is to make things right.

This is also an opportunity to reassess where we are and how we have been conducting our daily business in this country. As Bill Paatalo says in his blog post today, the ongoing use of false, forged, fabricated, backdated documents continue. Those documents do not memorialize any events in the real world. Such documents lie about the existence of such events and contain intensely crafted wording to allow for deniability of liability if the chickens ever come home to roost. Read them carefully and you find that there is nobody who is accountable.

Neither moratorium nor forbearance will ever mean that you won’t be subject to continuing false claims for collection, administration and enforcement of a loan on which the underlying debt has already been paid off by the same process of securitization that the banks use to pretend that the debt still exists and that their attorneys and servicers can still enforce.

Forbearance and moratorium granted by such unauthorized and usually nonexistent entities means nothing just as their attempts to collect, administer and enforce. But if you don’t challenge them then you are very likely to either buckle under pressure, leave your home voluntarily or involuntarily, or get involved in a fight for your life, your lifestyle and your property.

Posted in Uncategorized |