Do not allow the Big Banks Buy their way out of liability. Say No to National Settlement.
The Mortgage industry, Big Banks, MERS, Foreclosure Mills, Servicers, Poolers, and many others within their structure have committed illegal acts. They do not wish to face individual action, They want to bundled up a National settlement of $250 Billion Dollars coupled with a Indemnity clause, Barring any future action. The actual estimated amounts of valuation on the damage of their fraud and acts total $13.8 Trillion.
This is unacceptable. We direct you to open a hotline for Fraud investigations of State Victims and arrive at a fair estimate of the value of the individual Homeowners effected. Reject the National Settlement offered and open Your offices power of investigation and resolution.
Many brave State Attorney's General are taking action independently, West Virginia, and other states need to conduct their own investigations to assess the fraud, and abuses by the Banks in each and every instance.
We live in a Non-Judicial State and there are many more infractions in these states, The actions by the banks and their servicers basically eliminate the Provisions in the code, which state: Every Legal aspect and ethical servicing mst be acted for the Non Judicial Foreclosure Code to be effective.
We ask that your Office take a special interest, and even post a main page alert to homeowners, to lodge their bona fide complaints for investigation.
This effects every West Virginia Homeowner whether they are in Foreclosure of not. It causes Empty Homes left for the City to Clean up after the banks abandon them. It devalues homes near any foreclosed homes, and there have been illegal acts committed within the state.
Reject the National Settlement and Openly investigate individual instances of breaches of the law as they are supplied and supported by the facts. There are TILA RESPA and FDCPA Infractions, and to blanket them over with a paltry national settlement.
You have precedence for this finding in general with Countrywide investigation which revealed widespread fraudulent practices. It alone should have made the Non-Judicial Route to Foreclosure Unavailable; as it signifies that the "Trust for compliance" requisite for the Code to exist has been Breached. .
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