[P2P-F] US: "vast majority of the foreclosures are illegitimate" ?

Tue Oct 25 19:51:38 CEST 2011

http://www.globalresearch.ca/index.php?context=va&aid=27282

excerpt :

More than five million US homeowners and counting have had their homes
foreclosed upon by banks since the "economic crisis" first began several
years ago. But the Massachusetts Supreme Court recently ruled that the vast
majority of the foreclosures that took place in the Commonwealth (and likely
in most other states) within the past five years are illegitimate because
the banks did not, and do not, actually hold the promissory notes for the
properties.

This means that all mortgage payments made to banks for illegitimately
foreclosed upon properties are fraudulent since such banks do not
technically own the properties in question.

//

also see :

excerpt :

http://www.youtube.com/watch?feature=player_detailpage&v=Cmg-41xACTA#t=424s

repayment of mortgages not going back to the holders of the mortgage owners,
because of mistracking or destruction of title histories ?

"another stage in the ponzi scheme ?"

"3rd degree felonies ?"
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