Wells Fargo Sells Woman’s House In Foreclosure After She Reinstates Loan for $141,441.81

Wells Fargo Sells Woman’s House In Foreclosure After She Reinstates Loan for $141,441.81
http://4closurefraud.org/2013/06/20/wells-fargo-sells-womans-house-in-foreclosure-after-she-reinstates-loan-for-141441-81/

Editor's Note: In all of these cases you need to start with the premise that the bank has a gargantuan liability in the event that it took insurance, credit default swap proceeds, federal bailouts, or the proceeds of sales of mortgage bonds to the Federal Reserve. Most experts in finance and economics agree that if the Federal Reserve stops making payments on the "purchase" of mortgage bonds the entire housing market will collapse. I don't agree.

It is the banks that will collapse in the housing market will finally recover bringing the economy back up with it. The problem for the Federal Reserve and the economy is that most likely they are buying worthless paper issued by a trust that was never funded and that therefore could never have purchased any loan. Thus the income and the collateral of the mortgage bond is nonexistent.

Many people in the financial world completely understand this and are terrified at the prospect of the largest banks being required to mark down their reserve capital;  if this happens, and it should, these banks will lack the capital to continue functioning as a mega-bank.

So why would a bank foreclose on house on which there was no mortgage and/or no default? The answer lies in the fact that they have accepted money from third parties on the premise that they lost money on these mortgages. If that turns out not to be true (which it isn't) then they most probably owe a lot of money back to those third parties.

My estimate is that in the average case they owe anywhere from 7 to 40 times the amount of the mortgage loan.  It is simply cheaper to settle with the aggrieved homeowner even if they pay damages for emotional distress (which is permitted in California and perhaps some other states); it is even cheaper and far more effective for the bank to give the house back without any encumbrance to the homeowner. Without the foreclosure becoming final or worse yet, as the recent revelations from Bank of America clearly show, if the loan is modified and becomes a performing loan all of that money is due back to all of those third parties.

I say shit is gonna hit the fan, this time Wells fargo

This Bank theft is happening now

This is happening now to this woman Joann Kennedy in PA.

Please lets help her, seeings how her own elected officials have failed.

http://www.trulia.com/property/3087323231-4293-Hillendale-Rd-Bangor-PA-18013?ecampaign=con_rlt_post_lead_qc_prop_fr&eurl=www.trulia.com%2Fproperty%2F3087323231-4293-Hillendale-Rd-Bangor-PA-18013
This is a picture of my home  it's legal address is 4293 first Terrace, Bangor PA  --  the fake address is the 4293 Hillendale road address  this property address is located in the Hess cornfield off of TR 713.   The Hess farm is very big over 100 acres and been in the Hess family for over 200 years.   What has happened  is that Wells Fargo  submitted a Wells Fargo note  to http://www.trulia.com/property/3087323231-4293-Hillendale-Rd-Bangor-PA-18013?ecampaign=con_rlt_post_lead_qc_prop_fr&eurl=www.trulia.com%2Fproperty%2F3087323231-4293-Hillendale-Rd-Bangor-PA-18013
This is a picture of my home  it's legal address is 4293 first Terrace, Bangor PA  --  the fake address is the 4293 Hillendale road address  this property address is located in the Hess cornfield off of TR 713.   The Hess farm is very big over 100 acres and been in the Hess family for over 200 years.   What has happened  is that Wells Fargo  submitted a Wells Fargo note  to Fannie Mae  in 2005  with this address  4293 Hillendale Road (Public records manipulation... and my husband's signature.  My husband died in 1998   --  id theft.  I am wondering  if  the mortgage crisis perpetrated by these greedy banksters  have   devised a twisted form  of the straw purchase.  Taking  a note,  fraudulently prepared or not (highly unlikely) swapping it for gains/commissions  in the secularization trust pools  and then tanking the homeowner  and destroying the credit rating  and stealing the house still while  holding on to the investment.  Matt Weidner explains  when does a non-negotiable instrument  become a negotiable security.....  albeit the same mortgage note?
This above scenario has just happened to me.  And when I have brought it to the attention of the DOJ,  the PA AG,  the FHFA OIG,  elected federal congress people  and state agencies I was ignored,  threatened by PA STATE Police in Belfast,  my home has been broken into 3 times while I was at work  I have nothing now  nothing  all stolen with no paperwork   just recently  this Saturday.  May 25, 2013.     in 2005  with this address  4293 Hillendale Road (Public records manipulation... and my husband's signature.  My husband died in 1998   --  id theft.  I am wondering  if  the mortgage crisis perpetrated by these greedy banksters  have   devised a twisted form  of the straw purchase.  Taking  a note,  fraudulently prepared or not (highly unlikely) swapping it for gains/commissions  in the secularization trust pools  and then tanking the homeowner  and destroying the credit rating  and stealing the house still while  holding on to the investment.  Matt Weidner explains  when does a non-negotiable instrument  become a negotiable security.....  albeit the same mortgage note?
This above scenario has just happened to me.  And when I have brought it to the attention of the DOJ,  the PA AG,  the FHFA OIG,  elected federal congress people  and state agencies I was ignored,  threatened by PA STATE Police in Belfast,  my home has been broken into 3 times while I was at work  I have nothing now  nothing  all stolen with no paperwork   just recently  this Saturday.  May 25, 2013.  


I will post more as this goes -- lets write to the PA GOV and PA AG to help stop this abuse.