Most of the banks are selling the homes to third party debt collectors, these collectors are very vicious and can prove to be very strong adversaries , I am seeing this beginning to happen, and they are good fighters. The debt collector is very brave but they can be beat anytime, must catch them in the gate and on time or before them all together. HSBC and all the banksters are selling the loans to debt collectors for pennies on the buck now, the investors are selling to foreign clients in very large growing numbers. I knew this would happen, I mean how do you feel paying your rent check to a person in a foreign country? well this is just my feeling on that anyways.
AmericanReply@gmx.com
show details 12:45 AM (6 hours ago)
Daily Finance | What Do HSBC’s Foreclosure Moratorium and Robo-Signing Claims Really Mean?
Posted by Foreclosure Fraud on March 4, 2011 · 8 Comments
Some excellent investigative journalism in this one…
The author tracks down some HSBC robo-signed cases featuring Cheryl Samons and Xee Moua…
Keep up the great work Abigail!
What Do HSBC’s Foreclosure Moratorium and Robo-Signing Claims Really Mean?
By ABIGAIL FIELD
In HSBC’s 2010 annual report, the bank asserted that it had stopped “processing foreclosures” and that it “suspended foreclosures” in December, even though the information wasn’t made public until Feb. 28, when HSBC (HBC) filed the report with the SEC.
But based on at least two cases still working their way through Florida’s courts, that delay in disclosure apparently also meant that HSBC didn’t tell attorneys bringing foreclosure actions in the bank’s name to put their cases on hold. Indeed, if HSBC had systematically put its many pending foreclosure cases on hold in December, the news surely would have come out before now. So it’s appropriate to ask: What does the moratorium announcement really mean?
HSBC has also repeatedly asserted that it doesn’t robo-sign. Despite those denials, HBSC’s annual report concedes foreclosure document problems that certainly sound like those caused by robo-signing: “certain deficiencies in the processing, preparation and signing of affidavits and other documents supporting foreclosures. . .including the evaluation and monitoring of third-party law firms retained to effect our foreclosures.”
See full article from DailyFinance: http://srph.it/ewmcVk
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4closureFraud.org
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Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud
← Daily Finance | Are Banks Abandoning Foreclosures in Florida?
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8 Responses to “Daily Finance | What Do HSBC’s Foreclosure Moratorium and Robo-Signing Claims Really Mean?”
MAGGIE DA QUEEN says:
March 4, 2011 at 9:51 PM
HUH
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jz says:
March 4, 2011 at 7:06 PM
C’mon, the delay tactics and slate of hand “loan modifications” is so obvious we fail to SCREAM LOUDLY! The sovreignity of our country is being dismantled at the COURT OF CLERKS level – very very very interesting way to continue the disection of wealth! They used securitized loans to take $$$ back from China and India – took, cash basically, back from emerging economies. Facilitated by Fannie, Geithner, NY FEDS, Vikram Pandit et al. We are screaming because the heal is directly on our throat – in foreclosure – wow, it is a heavy hand we feel.
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RAMONA says:
March 4, 2011 at 9:33 PM
jz, and they are robbing us of our last breath …
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RAMONA says:
March 4, 2011 at 9:38 PM
they are taking our country as we know it…they are literaling changing AMERICA right before our eyes. we will no longer enjoy the rights we had in the past …all in the name of globalizism.
l vent says:
March 4, 2011 at 1:26 PM
They are all very deceptive liars. Maybe they do not personally robo-sign and that is where the deception lies. They hire useful idiots to do their dirty work for them and then they try to crucify all of us with their fraud. Knowledge is power. Smart is the new rich.
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jz says:
March 4, 2011 at 7:07 PM
I vent – it is much bigger than robo signers
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l vent says:
March 4, 2011 at 8:25 PM
Oh, God yes.
CHERRYWARMKY says:
March 4, 2011 at 1:23 PM
IM NOT SO DUMB HUH?
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Anthony Kenny 
What?s Going down i am new to this, I stumbled upon this I have found It absolutely helpful and it has helped me out loads. I am hoping to contribute & aid different customers like its helped me. Great job.
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