The Built-In Bias Favoring Mortgage Banks
By Michael Cormier
In these early days of the Trump presidency we’re all getting a refresher course in Government-101. As I write this, the Trump administration is going head to head with the federal courts over the administration’s immigration ban. It’s all over the news in a way we haven’t seen in quite some time.
If you pay close attention you’ll realize there’s more to be learned from this power play than the machinations of our system of checks and balances. The real lesson is this: courts, like everything else, are made up of humans. And those humans are flawed.
Now, you’re probably saying, “Tell me something I don’t already know.” Well I am, and here’s why: you don’t know the full story. Sure, judges make mistakes—we’re all aware of that—but they commit much darker acts, too. And if you’re a homeowner experiencing trouble with your mortgage bank, you’ll want to know the full story because it can mean the difference between losing your home and keeping it. Start by contacting someone who is one hundred percent in your corner: Peace of Mind, LLC, (1-866-4WayOut; or http://www.peaceofmind.services/stop-foreclosures). Peace of Mind offers a free initial consult and will even send you free documentation to back up what they say.
Let’s face it. The court system is unfairly stacked in favor of the banks. Not necessarily because it’s written into the law; that would be too obvious. It’s because judges—even when faced with a case favorable to the homeowner—will side with the bank unless the homeowner has access to the right information and comes well prepared. Judges are political creatures, plain and simple. They’re either elected or appointed, and for this reason they are not driven by the virtues of justice and equality the way we’d all like to think they are. Not only do they come to the bench carrying the baggage of their own life experiences, they are tethered to the agenda of those who put them there in the first place (For more on this see http://judicial-discipline-reform.org/OL/DrRCordero-Honest_Jud_Advocates.pdf).
At this point you may be asking, “What about the laws? What about due process?” It’s true that judges are supposed to dispense justice fairly after assuring all parties the right to be heard then hearing both sides of the argument and applying the law to the facts. Along with an appellate process as a safeguard, the courts are theoretically designed to serve all people equally and without bias. Hence that lady we’ve all seen in lawyer ads, the one with the blindfold holding up the scales of justice.
But that’s all in theory. In the real world judges are practical cats. They know who butters their bread, and the consequences of not toeing the line with these people. They want to please their friends. And do you think those friends are sitting in the homeowners’ side of the blind lady’s scales? If you do you’re fooling yourself. The judge who wants to save your home at the expense of the bank is a rarity—if he/she exists at all anymore. Banks are rich, powerful and well connected. They help get judges elected and appointed. They have highly paid legal staff who are part of the ‘in crowd’ in the legal system (see https://trofire.com/2014/12/31/how-corporations-buy-off-local-judges/).
And you? If you haven’t already been intimidated into walking away from the fight, you’re probably faced with going into court without representation because you can’t afford it. Or else you’re thinking of spending what meager savings you have left on a local lawyer who hasn’t a clue what he’s walking into.
If you do fight you’ll probably be seen as weak and bewildered, and you’ll ultimately be ignored. Homeowners—especially the ones who represent themselves—are considered a thorn in the court’s side, a waste of its time and energy. After all, the reasoning goes, if they had just done what the banks told them to do in the first place they wouldn’t be in this mess. The prevailing attitude is, “If you can’t afford that house then get out!”
These judges don’t listen to the homeowner’s arguments because they’ve been conditioned to believe that banks are always in the right no matter what. And those are just the naïve ones. The cynical ones allow the bank lawyers to lie and sweet talk their way into getting you put out on the street.
Here’s an example of what I’m talking about:
Recently, a homeowner appealed a judge’s decision granting foreclosure—a foreclosure that was clearly not valid because the foreclosing party was not the real party in interest. And everyone knew it! (Believe it or not, this happens all the time.) So what did the court do? It sat on the appeal, waiting for the statutory one-year period to go by so the bank could sell at foreclosure. They even waited a second year for the buyers-at-foreclosure to come up with the money! In the meantime, the court still didn’t schedule a hearing on the homeowner’s appeal.
Once the third-party buyer came up with the money, the court ruled that he was now the rightful owner (without any suit ever being filed, by the way). Then the court finally ruled on the homeowner’s appeal—now that it was too late, anyway. Of course, the ruling went against the homeowner. All of this was done without notice, in violation of the most basic tenets of due process. In their infinite arrogance the bank, the court and even the sheriffs thought it was a done deal.
But that’s not the end of the story.
At the eleventh hour the homeowner contacted Peace of Mind. If he hadn’t he would have been out on the street with no recourse, and the bank would have gotten away with a fraud. Instead, Peace of Mind immediately took action. A lawsuit was filed to protect the homeowner’s rights, which had been stomped on by everyone. The homeowner is still in his house, no longer living in fear of being illegally thrown out. For the first time in years he has a friend in his corner.
The lesson? This homeowner ran into a buzz saw—a three-on-one, with the bank, the third party buyer and the court conspiring to get around due process and remove him. He learned the hard way just how stacked things are against homeowners. So does this mean you should you throw your hands in the air and walk away in defeat? NO! Like the homeowner in the example above, you fight. The New England Patriots were down by twenty-five points in the third quarter of Super Bowl 51. Did Tom Brady give up? Absolutely not! He became even more determined. And look what happened: Super Bowl ring number five.
But Brady didn’t do it alone. He had an experienced and determined team behind him, and you need the same thing. A team of minds that works on cases just like yours every day of the week. One that will take on the powerful banks—and a lazy and biased court system—using tools they don’t want you to know about.
Peace of Mind, LLC, is just a free consultation away from easing your burden and going to bat for you and your family. The extent of relief homeowners are entitled to may surprise you, as Peace of Mind’s free literature explains. Learn how other homeowners have worked favorable deals and even discharged their mortgages, thanks to P.O.M.’s lawyers exposing fraud and unfair and deceptive banking practices. Scams such as inflated fees and costs, foreclosures by phony entities, unlawful sale of promissory notes—the list goes on and on.
The news is crawling with horror stories about the banks’ dirty dealings. But remember: there are also stories about banks being defeated by turning their own sneaky dealings against them. Chances are Peace of Mind had a hand in those homeowner victories.
So contact Peace of Mind, LLC today at 1-866-4WayOut, or by visiting their website at http://www.peaceofmind.services/stop-foreclosures. You’ll feel better knowing you’re not alone.
Peace of Mind, LLC is a consumer advocacy group comprised of attorneys, paralegals, expert witnesses, finance professionals and other specialists whose objective is to help consumers and homeowners experiencing financial difficulties. Peace of Mind, LLC is not a law firm. The foregoing is derived from information readily available to anyone online, in legal libraries, and from government offices and agencies. It is meant only as a source of general information, and should not be construed as legal opinion or advice.