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Manage episode 270071137 series 2453550
Player FM과 저희 커뮤니티의 THE NEIL GARFIELD SHOW 콘텐츠는 모두 원 저작자에게 속하며 Player FM이 아닌 작가가 저작권을 갖습니다. 오디오는 해당 서버에서 직접 스트리밍 됩니다. 구독 버튼을 눌러 Player FM에서 업데이트 현황을 확인하세요. 혹은 다른 팟캐스트 앱에서 URL을 불러오세요.
Just like 2008, people are not making payments for rent or mortgage in record numbers and most of them are not covered in any formal agreement with anyone, much less anyone authorized to offer forbearance or modification or settlement. And just like 2007-2008 when many analysts including myself were calling out to take action to avoid a crash, nobody is listening. And just like 2006-present, millions of homeowners and tenants are going to get screwed again by Wall Street banks as they continue to siphon off our wealth, our lives and our future. So I am working hard on creating a better defense narrative for homeowners who are being coerced and intimidating into giving up their equity, their homes, their lifestyle just so more Wall Street executives can take home more bonuses. So here is the latest in my never-ending quest to write the best possible narrative for the defense. I start with the underlying premise that if you don’t give the court an alternative to simply denying enforcement then the judge is sign to look for ways to rule for the party seeking foreclosure. Fact #1: There is not a single case in which there has ever been proof of payment for the debt. In most cases there is not even any direct or implied allegation that such is the case. It is always presumed to have occurred. Fact #2: In the context of transactions with homeowners labelled residential home mortgages, second mortgages and HELOCs, most — nearly all of them — involve no payment to the homeowner from anyone who receives any right, any title or any interest in any obligation of any homeowner. Fact #3: No person or company maintains any account in which it claims legal ownership of the underlying debt. Fact #4: Foreclosures involve the naming of a designated or nominated creditor