`Waste of Time'
Requiring banks to produce the paperwork at a foreclosure hearing is a nuisance, said Jeffrey Naimon, a partner in the Washington office of Buckley Kolar LLP. ``It's a gigantic waste of time,'' Naimon said. ``The mortgage may have transferred five, six, eight times. It's possible that you don't have all the pieces of paper, but it was enough to convince the next guy in the chain. There's no true controversy over whether the owner owns the loan.''
Come on! How ridiculous is the above statement?
but it was enough to convince the next guy in the chain.?????
This has me FUMING!
A gigantic waste of time?????
This is what they want everyone to believe.
If THEY say that they own the note, then they had better damned well PRODUCE the PROOF of ownership!
This is just wonderful, isn't it?
Bankers Lust claims that they own a certain note, and they are foreclosing, (using their handy dandy, LOST NOTE AFFIDAVIT.)
Golden Sacks has that same note performing on THEIR BOOKS.
Bankers Lust forecloses on the note, while Golden Sacks continues to book that same note on their books.
AUDIT THE PORTFOLIOS!
Watch them ALL SQUIRM.
THE TRUTH WILL COME OUT WHEN AN AUDIT IS DONE, period.