http://crooksandliars.com/brad-reed/looting-america-continuesSeptember 30, 2010 10:00 AM
The looting of America continues
By Brad Reed
Our financial overlords have come up with an ingenious new way to loot the American economy: Forging foreclosure documents. Here's Exhibit A:
When Jason Grodensky bought his modest Fort Lauderdale home in December, he paid cash. But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage.
Grodensky knew nothing about the foreclosure until July, when he learned that the title to his home had been transferred to a government-backed lender. "I feel like I'm hanging in the wind and I'm scared to death," said Grodensky. "How did some attorney put through a foreclosure illegally?"
Bank of America has acknowledged the error and will correct it at its own expense, said spokeswoman Jumana Bauwens.
Mr. Gordensky is actually fairly lucky, since he had a pretty easy case to make that the bank couldn't foreclose on a mortgage that never existed. Others aren't quite so fortunate:
Luis Fernandez's foreclosure documents never looked quite right. Critical papers regarding his Orlando home were missing dates, and some signatures appeared to him to be forged. The mortgage had been sold so often - including once in the middle of the foreclosure process - that at times it was hard to tell which company was trying to seize the house. He challenged the foreclosure in court but failed.
Now, as Fernandez seeks to appeal his eviction and get his home back, he has learned that the law firm representing the banks is under investigation for fabricating foreclosure documents.
For those wondering why the banks are resorting to forging documents to foreclose on peoples' homes, let's review what happened over the last decade: