WARNING, THIS IS HOW THE FORECLOSURE WAR WILL BE LOST!

Because it is probable that 75% to 90% of all home foreclosures may be "warranted" (although the paperwork still MUST BE DONE CORRECTLY), it will be very easy to turn sympathy against the other 500,000 to 1,000,000 million homeowners who either did not get a fair break by the banks or were mislead by a HAMP program that then actually accelerated their foreclosure via a process called parallel foreclosure!

It is video stories like the one below that will hurt foreclosure victims and also turn public opinion against the foreclosure controversy. Most people don't understand that the paperwork MUST be done CORRECTLY, but most people will NOT CARE about the PAPERWORK ISSUE when they hear that a homeowner has not paid their mortgage for the past two years but still wants to be viewed as a foreclosure victim anyways.

Videos like the one above are poorly made and actually make one wonder, is this family receiving assistance, trying to get a HAMP, and still not paying on their mortgage? It sounds like they were able to make the payments for the first five year, then when the home mortgage escalated, they just gave up but continued living in the home for two more years. The synopsis of the video, "In September the number of foreclosures in the U.S. hit an all-time high as many question the banking industry" is a poor match for the actual content of the video.

To make the plight of this family more sympathetic, issues revolving around what happens to the down payment they did make, or possible available equity that could have been applied towards the monthly mortgage could have been analyzed. Also, WHY WASN'T the family eligible for a HAMP? Get them in a HAMP right away and then if they still don't pay, then their case gets very weak.

Lets be real here, and LETS NOT BE WHORES and celebrate every time the news media reports about home foreclosures. There are too many REAL VICTIMS of home foreclosures who did the many many things that were required of them, and still were suddenly out on the street because of an ineffectual HAMP program and the parallel foreclosure tactics that were used the moment they applied for the HAMP program.

NOT EVERY STORY ABOUT HOME FORECLOSURES WILL HELP THE TRUE VICTIMS OF HOME FORECLOSURES. The reporter who did this story is an IDIOT who is helping to kill the foreclosure issue before its time. As I stated above, not every home foreclosure that is reported on will generate sympathy from the fair minded television viewer and I am begging anybody with media contacts to START VETTING THE FORELCOSURE STORIES they participate in, and help shape the story if necessary.

"Inside Job" Opens in Theaters Across the Nation Today!

"Inside Job" Opens in Theaters Across the Nation Today! You can go directly to play times and play locations for Inside Job by clicking here.

I didn't know anything about this movie until I read about it at Bankster USA dot org (click on first link above). The first link above also contains a couple of links to where Inside Job is playing along with a movie review.

All Gov News Reports "Jobs Available" Foreclosure Expert, No Experience Needed.

Well, the Stinking Gun regarding foreclosure fraud has just been produced. What better way to prove the irresponsibility and possibly fraudulent actions of the home mortgage industry than looking back in time and discovering just who mortgage companies and mortgage service companies were hiring to help process their home foreclosure documents.

The answer, anybody they wanted. While I do take exception to the above article's use of the phrase "assembly line workers were hired", as if that was somehow more outrageous than hiring other types of people, the point still remains, the qualifications for becoming involved in the home foreclosure document processing industry appear to have been slim and none over the past few years.

Barry Ritholtz is a voice of reason in CNBC Kudlow Report (with Transcript) that features some questionable conclusions by CNBC reporter Diana Olick.

Below is a transcript of the last five minutes of the CNBC Kudlow Report with a "Swarm The banks" mini analysis. My preference is people link here if they want to refer to it as it took me longer than I care to admit to do the transcription.

If you need to reference a portion of the transcript below, Swarm the Banks would appreciate being credited as it is pretty much a thankless task.

-------------------------------------------

Diana Olick - ..."I have spoken to Obama administration officials today, who say they have been meeting all weekend and they are not calling for a national foreclosure moratorium.

Remember, yes, there was likely some kind of fraud in the document process but underneath all of it the bulk of the foreclosures that we were talking about here are valid foreclosures. Yes everyone has a right to a fair trial, and we need to have that fair trial in the paperwork, but the bulk of these borrowers were simply not paying their mortgages.

And once you get through the paperwork and figure out which dot, which I's need to be dotted and which t's need to be crossed your gonna come back to the same fact and that is, people aren't paying, they can't afford their home, they shouldn't be in them.

Larry Kudlow - hmmm.

Diana Olick - Now the question is, what do you do with the banks, well you know, there was rampant fraud you talk about that in the foreclosure process, well guess what, there was rampant fraud in the sub prime mortgage process and yet the government bailed out the big banks, so lets put that into perspective as well.....

(skip small portion of interview)

Barry Ritholtz - ..........But keep in mind, we're not talking about keeping people in houses who can't afford the mortgage who are delinquent, who are behind. The significance of this to the banks going forward is to make sure that the huge, huge build up of inventory of homes that they own, they want to able to actually sell those and make sure that the next buyer has a clear title, has the ability to buy that.

You know the clip that Diana did, showed the women saying, "Hey, is it really going to be my house, is this going to be a paperwork problem?" That's why the banks are stopping the foreclosures, voluntarily, to make sure their doing this right.

There is a massive set of problems, it's huge in Florida, its big in elsewhere, you can't have these document companies putting price lists for pick a fraud that you want, and that's actually now on the internet. You cannot have banks signing 300, 400 foreclosure documents in a day when they each require 45 minutes worth of paperwork. So it's not just dotting the I's and crossing the t's, it's making sure.

Hey Look, when you have people in Texas and Florida, being foreclosed on, and they paid cash, they don't have mortgages, something's wrong with that process, that has to be fixed"...

Olick - "yeah, those are, you're always going to see those stories"

Ritzholtz - (interrupting Olick) "No, no you NEVER see those stories, that has never happened before"

Olick - (attempting to talk over Ritzholtz "you're always going to see those stories, one story about a guy who loses his home, "No we did see it."

Ritzholtz - "no, that's historicially an impossibility"

Olick - "the bulk of that-

Ritzholtz - "that is a LEGAL impossibility"

Olick - "It's an impossibility what I'm trying to tell ya is you'll always find that one story

Ritzholtz - "but this has never happened before, you have banks sending people to change the locks on houses that aren't in foreclosure, you have all sorts of craziness going on.

You cannot have service processors dump hundreds of services in the sewer and claim they filed with people, and that's how you end up with a guy who doesn't have a mortgage actually having his house foreclosed on, the whole system has been turned upside down.

Olick - "That's a very small minority

Ritholtz - it should never happen, there should be a 100% never ever ever happen. Diana, if you came home and your stuff is all over your front lawn and your locks changed, that's just unnacceptable.

Olick - "I'm not arguing that, I'm not arguing that Barry, what I'm saying is, is that is a very small percentage of the people we are talking about.

Ritholtz - It should be zero, for most of american history it has been zero.

Olick - It should be zero, but you know what,

Ritholtz - It was zero for a long time.

Olick - But you know what, cops often knock on the wrong door in other cases as well. How many times do we hear cases of cops knocking on the wrong door because they think that a criminal is living there, that is what point I'm trying to make.

Kudlow - Alright, Diana, if she's got the property and her stuff is strewn over her front lawn, Barry Ritholtz and I are going to come down there and help her pick it up, that's point number one,

Olick - "No thanks"

Kudlow - "Point number two, Barry's making some powerful argumetns about the private property and the legal system, we will have more to be revealed, Diana thank you for helping us tonight, Barry thanks very much for the all the work you've done on this story.

End of Transcription by Swarm the Banks.

-Below is the actual video.

Another uneducated enemy of Foreclosure Victims, reporter Diana Olick of CNBC, appears on the Larry Kudlow show.

Diana Olick quote, "The bulk of foreclosures are "valid"."

Diana Olick, please define "bulk". Is bulk 90%, 95% are valid foreclosures? If "bulk" means just 5% were done fraudulently, that would mean anywhere from 50,000 to 200,000 HOMES A YEAR were fraudulently foreclosed upon. The reason for the variance is 4 million homes receive foreclosure notices a year, but around 1 to 1.5 million homes are actually foreclosed upon every year.

In the video above, no one mentioned how many hundreds of thousands of homeowners wanted to be part of HAMP, and basically were given the run around. To simply lump these HAMP victims into those who were unwilling to keep up on their mortgage payments is UNREASONABLE because a homeowner only becomes eligible for HAMP if they fall behind on their mortgage payments.

I suggest you suffering homeowners contact Ms. Olick and educate her on the other side of the foreclosure issue.

Ms. Olick twice made a two wrongs make a right argument. Ms. Olick would say that because a homeowner could be the victim of mistaken identity by the police in which a police might break down the door of their home and mistakenly arrest them, it was therefore acceptable for that homeowern to also lose their home through a fraudulent foreclosure as long as the "bulk" of foreclosures were legally accomplished.

Ms. Olick then used this same logic, but in reverse, for the banks, claiming that since the government bailed out the banks once before over the sub prime mortgage issue, doing it now over foreclosure fraud would be a no brainer.

So according to Olick, it's ok to break down the home of an innocent homeowner via mistaken identity, and it's also ok to subject home owners to fraudulent home foreclosure as long the "bulk" of foreclosures are not fraudulently done, and it's also ok to bailout the banks again because the government already did it once before. gasp.

wow, just wow.

Thanks to Barry Ritzholtz for being the voice of reason and mentioning that taking mistakenly taking someone's home should NEVER happen for a myriad of logical reasons and the fact that it is happening means SOMETHING is broken and needs to fixed.

The Two headed Barack Obama, helping Wall Street and Main Street battle each other with the help of Elizabeth Warren.

I found an interesting article that explains the quagmire Barack Obama was in regarding how to select and actually install Elizabeth Warren to run the new consumer financial protection agency. The article also reinforces my belief that Republican politicians never met a banker they did not like.

"What Playing Gotcha can Getcha"

Opponents of Foreclosure Rights and the Foreclosure Moratorium, Link List found here.

I will be adding to this article over time as more and more opponents of Foreclosure Rights and a foreclosure moratorium come out of their caves and into the light to bellow their opposition. This list is in no particular order as the foreclosure moratorium opponents come out of their caves at all times of the day and night.

The people below oppose a Home Foreclosure Moratorium and home foreclosure rights. Click on their names to see what they have to say about home foreclosure rights for the homeowner.

Video Geeks Frank Garay and Brian Stevens

Author Charlie Gasparino

Republican House Minority Whip Eric Cantor (R-VA)

David Axlerod - Barack Obama spokesperson

What do Charlie Gasparino, Frank Garay and Brian Stevens have in common, they think home foreclosure protestors are scum.

It appears that author Charlie Gasparino's newest book, "Bought and Paid for - The Unholy Alliance Between Barack Obama and Wall Street", and "Think Big Work Small" daily video co-stars Frank Garay and Brian Stevens believe home foreclosure protestors are trivial scum that are gumming up the inevitable "correction" that is due in the home foreclosure industry.

Um, pardon me, but wasn't there already a 30 to 50 percent "correction" in the price of everybody's home in the country? Now these financial media darlings want ANOTHER one?

I bring the issue of those who are against the home foreclosure freeze to remind the home foreclosure movement that just because you are in the spotlight doesn't mean you can't be taken down several pegs and marginalized by the media, overnight.

All it takes is a couple of news stories about home foreclosure squatters who owe money and are simply trying to stall leaving their home and will use every paperwork trick available to do so, to turn public opinion around on the home foreclosure issue. Don't think that our friends at 60 minutes are not thinking hard about doing such a story as a follow up to their "strategic default" story they did a few months ago on home owners who walk away from homes they can afford to make the mortgage payments on.

I believe it is important to try and frame legitimate gripes and issues within the home foreclosure debacle before they are framed for us by the banksters and the BIG media. Local media and nightly news media might do the story from the homeowners point of view, but it is the BIG media like 60 minutes that may attempt to paint the homeowner as the scum bag.

What is the biggest issue regarding the banks and home foreclosures?

Did the government set up a home foreclosure prevention program knowing in advance that it would not help the majority of people who attempted to use it? Is this an impeachable offense if the president of the United States knew this program would not work but created it anyways to look good, knowing that hundreds of thousands of americans would lose their home because the program was a fraud?

And yet, who would impeach the president, congress? The same congress that is in bed with Wall Street as well? Whether you like Barack Obama or not, there are plenty of well to do financial puffeteers who can make their living bad mouthing homeowners who are attempting to try and stay in their home through the congress sanctioned, president approved home loan modification program that appears to be wrought with fraud from the banking side.

It is too bad that republican politicians never met a banker they did not like, because they could probably move to impeach Barack Obama over his botched handling of the home loan modification program. Barack Obama is probably smiling like a cheshire cat knowing that he has beaten the republicans at their own game.

I absolutely one hundred percent believe that if Hillary Clinton had been elected president, her home mortgage modification would have performed to EVERYBODY'S satisfaction and you may want to look at yourself and ask just who might be the most capable person to handle the job of actually being president in 2012.

NACA Los Angeles Convention Center "Save the Dream" draws 30,000 people and was extended to a sixth day, but what does that mean exactly?

(Edit update: Dec. 26, 2010 The NACA event below happened in early Oct. of 2010. Since that time, there have been repeat NACA events in Los Angeles and other parts of the country.)

(Edit update: January 21, 2011, apparently there is another home foreclosure prevention event at the Sports arena - if you go and want to report your experience in the comments section, it would probably be appreciated by other readers as well as myself.)

(Edit update: January 22, 2011, When you google for these events, I think you need to use the phrase "Save the Dream", in quotes, then add the city you think the event is in. You can click here for this current event.

The NACA Los Angeles Convention Center "Save the Dream" Home Foreclosure prevention, Home Loan Modification event apparently drew 30,000 people and was extended from a five day, 24 hour a day event, to an additional sixth day because of overflow demand.

However, is this high level of demand a good thing, or a bad thing?

A NACA attendee could have spent as much as 12 hours going through the seminar and Home Loan Modification interview process. One person interviewed by channel 2 News says they would rather try and deal with all of it in one day then have the process stretched out over a year or two.

However, not all will be helped. Actually, no one knows what percentage of homeowners got actual help, and there in lies the problem. Are 10%, 20%, 50% of the NACA event being helped? We may never know, and there in lies the problem. I spoke with someone (not from the event), who said their relatives went to a prior event, were told they could be helped, but then ended up waiting for homes for relief that never came.

It would be really helpful if a college filmmaker or two DOCUMENTED one of these NACA events and polled the people LEAVING to see how many were actually being helped. Are the tens of thousands of film school students so self absorbed they don't see the biggest story of the decade right there in front of their faces?

Imagine the irony of a college film student whose very own parents are struggling to put them through college discovering their own parents in line at the NACA event. Parents who were too embarrassed to tell them how tough they are having it making ends meet and paying for their own college tuition.

The local news reported that a "mortgage investor" was actually present at the NACA event. This was briefly explained by the local news as being the actual entity that agrees to "fund" the home loan modification. Why would any "mortgage investor" be interested in lowering their profit margin when they can just foreclose on the home? The lost down payment, plus all the fees that will be taken from the resale of the home, plus the reselling of the home might prove more profitable than actually helping the homeowne in the home, no?

An additional question that needs to be asked about the NACA "Save the Dream" event is just what are the banks. and the mortgage investor looking for above and beyond monthly income verification and proof of insurance?

What if these homeowners also have tens of thousands of dollars in credit card debt at high interest rates? Would it not make sense to also offer CREDIT CARD PAYDOWN DEBT INCENTIVES to homeowners who are trying to get a lower monthly home loan mortgage payment?

When homeowners attempt a home loan modification might the banks be thinking, "Why should I reduce this homeowner's mortgage payment even one cent if they are hopelessly in credit card debt that is growing by the month"?

Perhaps the home loan modification program has not been fully thought out and as a result HUNDREDS OF THOUSANDS OF HOMEOWNERS, perhaps more, are not getting the actual benefit that the HAMP program was supposed to bring.

Until homeowners are offered real incentives to PAY DOWN their credit card debt via LOW LOW interest rate charges on EXISTING credit card debt, The HAMP Program may be a SHELL of what it could AND SHOULD be.

Think Big Work Small, Frank Garay & Brian Stevens with an Insane Video rant blaming homeowners for virtually all home foreclosures.

CLICK HERE TO SEE THE ABOVE INSANE HOME FORECLOSURE VIDEO RANT. I thought I liked Frank Garay and Brian Stevens of Think Big Work Small, but they sure turned out to be foreclosure idiots.

Garay and Stevens state that if a homeowner does not make their payments, they should lose their home. And yet, the PRIMARY WAY to get a home loan modification is to NOT make your payments. If you continue to make your payments, the banks assumes you have no hardship!

If the Banks were in any way, shape, or form responsible for artificially inflating home values a few years ago by making it too easy to purchase a home, then they have at least some responsibility for the decline in home values today.

If US banks have been siphoning profits and using the profits to move manufacturing jobs to other countries, then they have at least some responsibility to rework existing home loan mortgages.

Therefore, when the government intercedes and creates a home loan modification program to reduce the loss of home ownership, it is incumbent upon the banks to make a LEGITIMATE EFFORT to see who can still afford to stay in their home with a reasonable adjustment to their original mortgage deal.

If however, the banks have no true desire to help homeowners, then lets not absolve the banking industry of their illegal and unethical home foreclosure practices.

Debt Collectors Gone Wild

ACT used former prisoners to make debt collection calls, some of whom used racist and incestuous allegations when making their phone calls. Bank of America refused to fire ACT until two days after Brian Ross of ABC News ambushed the CEO of Bank of America.

If Barack Obama had done nothing more than handle the unfairness of the home foreclosure practices, like Hillary Clinton would have done, he would be a much more popular president right now.

Maybe we now know why the banks supported Barack Obama so steadfastly in 2008?

BANK OF AMERICA hired a debt collection firm that employed recently released prisoners using foul and racist language to make debt collection calls.

You have to see this to believe this. Bank of America hired a debt collection agency that hired former prisoners who used offensive language, included racist and incestuous accusations when making their debt collection calls. It was not until the CEO of Bank of America was ambushed by an ABC news crew that the debt collection firm was finally fired.

Click here to see the original ABC link.

Click here to see who picked up the story.

Click here to see where I found the story.

NACA Mortgage convention convenes in downtown L.A.

NACA Mortgage convention convenes in downtown L.A.

Local Los Angeles News Stations are all covering the NACA save your home 100 hour event being held in downtown Los Angeles from September 30, 2010 through Oct. 4, 2010.

You can learn all about NACA by clicking here. NACA does have its detractors however, and you can find that link later in this article.

NACA will then be moving to Sacramento just days later and conducting another save your home marathon event. Please be aware that from the moment you arrive you could be there for up to 12 hours! If you want to wear heels for the interview process, bring comfortable tennis shoes for the time you may be standing prior to that. Bring a lightweight folding chair. Bring someone with you, each with their own cell phone fully charged, so that maybe you two can switch off for the first few hours if necessary.

If there are two of you, maybe one can go to the exit area and hear from people who have already gone through the process, assuming they are willing to spare a few minutes after their own ordeal, they may just want to get out of their.

If you want to hear an OPPOSING VIEWPOINT about NACA, please click here.

I was watching the morning reports from KCBS News and there were people there who had previously been turned down. However, somebody said they would rather go through the process on one day, even if it took 12 hours, then have it prolonged over a couple of years time with no outcome.

The news reporter for KCBS said one needed to bring income verification for the past six months or maybe longer, home Insurance verification as well, and Identification.

AFL-CIO NOW BLOG | Banks Should Follow Chase and Declare Moratorium on Foreclosures

AFL-CIO NOW BLOG | Banks Should Follow Chase and Declare Moratorium on Foreclosures

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Washington Post uncovering Mortgage Fraud Issues involving Ally Financial and GMAC mortgage unit.

CLICK HERE to go to ORIGINAL WASHINGTON POST ARTICLE.

More and more states are freezing foreclosure paperwork involving GMAC and Ally Financial.

Man's home sold out from under him in foreclosure mistake.

Man's home sold out from under him in foreclosure Mistake, September 22, 2010, by Harriet Johnson Brackey, Sun Sentinel

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