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"The people who cast the votes don't decide an election; the people who COUNT the votes do." -- Joseph Stalin

Tuesday, December 1, 2009

"Produce the Note" a Headache for Lenders

Recently we have run articles on the Great American Mortgage Scam and how lenders have used very questionable and perhaps illegal techniques to implement their securitization scam and cheat borrowers. The articles can be found in the right hand column under archives.

The “Produce the Note” strategy is giving hope to a Pennsylvania homeowner facing foreclosure. Mark Strohecker, of Ellwood City, Pennsylvania, was successful in getting a judge to stop the foreclosure of his home, after filing a “produce the note” request with the court.

The 42-year-old former firefighter and father of two faced the Sheriff’s Sale of his home on March 11th. Two weeks earlier, he printed the document template for a “Produce the Note” request from the CWN website, filled it out, and filed it in Lawrence County Court. At a hearing the day before the scheduled Sheriff’s Sale, Honorable Judge J. Craig Cox, granted Strohecker a motion to stay the Sheriff’s Sale.

Strohecker says he was so overwhelmed by the Judge’s decision he broke down in tears.


...and here is another:

A State Supreme Court Judge in Brooklyn, New York is on a mission to force mortgage companies to stop foreclosing on homeowners unfairly. Judge Arthur Schack has become a friend to the little guy. Instead of rubber stamping and waving foreclosure cases through his court, he is standing up to mortgage companies who try to foreclose on homeowners without proper standing or proof.

He’s not a pushover, but is diligent about enforcing the law. As a result, he’s tossed out 46 of the 102 foreclosure motions that have come before him in the last two years.


The banks and lenders are in trouble. Keep up the good work, folks.

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