At the Bank of America Signpost Up Ahead, Your Next Stop – The Loan Modification Zone

Anonymous at 07:05 2010-06-10 said:

"Title 18 USC § 472 Uttering counterfeit obligations or securities" Whoever, with intent to defraud, passes, utters, publishes, or sells, or attempts to pass, utter, publish, or sell, or with like intent brings into the United States or keeps in possession or conceals any falsely made, forged, counterfeited, or altered obligation or other security of the United States, shall be fined under this title or imprisoned not more than 20 years, or both.

"Title 18 USC § 473 Dealing in counterfeit obligations or securities" Whoever buys, sells, exchanges, transfers, receives, or delivers any false, forged, Counterfeited, or altered obligation or other security of the United States, with the Intent that the same be passed, published, or used as true and genuine, shall be fined under this title or imprisoned not more than 20 years, or both.

"Title 18 USC § 474 Plates, stones, or analog, digital, or electronic Images for counterfeiting obligations or securities" Whoever, with intent to defraud, makes, executes, acquires, scans, captures, records, Receives, transmits, reproduces, sells, or has in such person's control, custody, or possession, an analog, digital, or electronic image of any obligation or other security of the United States is guilty of a class B felony. Are these regulations always adhered to by the "lender" when they Have possession of these "original" SECURITIES and make reproductions of them before they are "sold to investors? How much has been in the media in the past 2 years about people demanding to see the "wet ink signature Note" when there is a foreclosure action initiated against them? Shouldn't the "lender" be able to just bring the "Note" and the "Deed of Trust" or similar "Security Instrument" to the Court and show that they have the original documents and are the "holder in due course" and therefore have a legal right to foreclose? To foreclose they must have BOTH the "Mortgage Note" and "Deed of Trust" or similar "Security Instrument" ORIGINAL DOCUMENTS in their possession at the time the foreclosure action is initiated. Futhermore, IS there a real honest to goodness obligation to be collected on?

"Each progressive Spirit is opposed by a thousand mediocre minds appointed to guard the past" Maurice Maeterlink "All that’s necessary for evil [The absence of good] to triumph is for Good Men or Women to say nothing" Edmund Burke Permalink