I wanted to emphasize the need for home owners to take some responsibility if they are facing a possible foreclosure. Like Obama said in his inauguration speech, we take more initiative in our destiny. As a practicing law attorney with over 17 years of experience, I have witnessed many things. The people who genuinely succeed in keeping homes or winning cases are the ones who show proactive attitudes towards securing their goals.

So do your home work, study the battlefield before war time and the scams and frauds will most likely dispell right in front of your eyes.

Here are a few more resources for those interested.

http://www.prlog.org/10175522-the-parsa-law-group-can-help-you-save-your-home.html

http://express-press-release.net/58/Parsa%20Law%20Group%20Helps%20Thousands%20Stay%20In%20Thier%20Homes.php

http://www.free-press-release.com/news/200901/1233462222.html

http://sandiego.craigslist.org/csd/vnn/1027834030.html

James M. Parsa
Attorney at Law
Parsa Law Group / National Loan Modification Center
1-800-585-1179
http://www.NationalLoanModificationCenter.com
Better Business Bureau Rating:
http://www.labbb.org/BusinessReport.aspx?CompanyID=100076772

That is exactlly what it is going to take. Much of the money we gave the “creators”, those greed mongering executives could have gone to do exactlly that.

The banks and Wall Street made literally billions and billions of dollars. They sold MBS’s, CDO’s and Cedit Debt Swaps. Basically they sold the same mortgage three times. Let me explain.

the MBS was the mortgage pool sold as bonds to investors world wide.
The CDO’s were sold to other investors but were nothing more then future income streams from the MBS bonds sold to others. In other words, they sold a piece of the pie they did not own. Then, they sold Credit Debt Swaps - insurance that these bonds would not fail and if they did they would pay them off.

The same product - a mortgage - sold in three different packages. If you look at it for what it was it is nothing more then a PONZI scheme. Makes Madoff look like a kindergardener.

NO ONE has asked any of the “banksters” this question: “Where did all your money go?” They made record profits - never before seen profits.

They have no toxic mortgages - THEY SOLD THEM OFF IN PIECES AS THE MBS. The lenders got paid for all those loans they made.

So yes Ralph, they need to be held accountable. They need to bring back all that money they made - hidden outside the counry probably in their foreign subsidiaries and partnerships - and PAY DOWN THE MORTGAGES OUTSTANDING.

Foreclosures are a travesty. Under normal circumstances I would nevere take this position but this is different. Almost all were victims of fraud - as the LO from World attests to. If the lenders did their job they would have denied the loans they knew were no good. It matters not how many loan packages a mortgage broker submitted - they could have denied allthe ones that were fraud or just did not qualify. It was their call, duty and responsibility.

For an interesting insite as to how the courts are acting in one county in Florida go to http://www.TheMortgageCorner.blogspot.com. “Where is the JUST in Justice”. A report on a Wall Street Journal article that shows the disregard for the average citizen and their rights to due process of law. It is disgraceful for our court system to operate like this.