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Forum Post: Zombie Foreclosures against main street, what's Occupy doing about it?

Posted 1 year ago on April 10, 2013, 5:30 a.m. EST by DebtNEUTRALITYpetition (631)
This content is user submitted and not an official statement

http://www.cbsnews.com/8301-505145_162-57577375/zombie-foreclosures-hit-ex-homeowners/

Millions of foreclosure victims will become zombie tax debtors, being hit a second time years after the foreclosure was allegedly declared.

If just .001 percent of these homeowners "crack", and buy a gun, that will dominate the major news outlets for weeks at a time.

Not the millions of zombie fraudclosure cases, the media will instead focus on the one or two who crack.

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5 Comments


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[-] 1 points by Middleaged (5140) 1 year ago

The bank Holds Title to the House. The person that wants the house signs a contract to be a Tenant to the house or of the Bank...

Used to be that Government's main function was to Regulate Commerce not People... But now the contract Law is so Strong that people really get indentured servitude.

Zombie Banks can Pay the Taxes & Fees on Zombie Foreclosures.

They just prefer not to. They like to play hard ball, since they get Bonus Money for Playing Hard, and Making Money for the System.

Sure, each state has different Laws... But there was something on the Internet going around.... How we don't have any right of ownship on a Mortgage... since we are Tenants. The Bank actually Owns the House and Deed.

One could argue that when the Tenant leaves the house ... the Owner is Responsible for paying the Taxes, Fees, & Liens on the Property. **But since the Corporation, the bank, is not a "Real Person" they don't get Credit Hurt by not paying Taxes & Liens.

Citizens united Ruling of the Supreme Court says Corporations are People:

  • So Let Banks Suffer Credit Ratings for failure to pay on Taxes, Fees, and Liens on Foreclosures.
  • Force Banks to get served for not Paying bills on Mortgages since they are the Real Titled, Deeded Owner.
  • Set Aside Contract Law, to Recognize the Bank, Mortgage Company, Mortgage Servicer ... as the True Owner of the House, Property, or Real Estate.
[-] 1 points by DebtNEUTRALITYpetition (631) 1 year ago

Yes, it seems like the corporations are getting to have it both ways, they are a person when it helps their standing, and when it doesn't, then they magically turn into a corporation.

The government should back all mortgages. I think the reason the government doesn't is to make the rich elite happy with residual income off of the mortgage interest that is charged.

The problem is nobody is truly protecting the homeowner.