MICHELLE REAGAN: REPUBLICAN, MAINSTREAM AND HEADED FOR A BRIGHT FUTURE

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary

It’s not often that I endorse a candidate for public office, much less one who isn’t running for anything yet. But I think it’s important to recognize the efforts of a State Senator, recently elected after having been in the State House of Representatives. Ms. Reagan is straight Republican carrying the actual ideology that big government, big spending and government intrusion into our private lives is something to be guarded against. She is pro-business and pro-banks (but as it turns out only if the banks behave themselves).

Senator Reagan wrote a letter to her own mortgage company —- or at least the one that said it was the mortgage company — and simply asked whether they were still the the holder of the note or if someone else was the creditor. For some inexplicable reason the Bank sued her creating a news furor and provoking Reagan to inquire further. We here at livinglies heard the cries of Colonial Bank and wondered if well, maybe they were telling the truth that they had never securitized anything. So we peeked under the hood and it turned out they were up to their neck in securitization and all that went with it.

Thank God for the stupidity of some bankers. If they hadn’t sued Reagan, this relatively unknown public servant might never had the reason to clear up the legal problem that seemed to be clogging the courts, as the Arizona House Judiciary Committee had been finding out. Reagan’s reaction was courageous and principled, and the the fine writing of Beth Findsen surely combined into a more formidable team than the bank lobbyists realized. They probably thought Arizona was a safe state, so they didn’t really pay that much attention.

Now Arizona will be a safe state to do business in because here, where I live, crazy as we might be on some things, we take contracts seriously, we take evidence seriously, and we take theft seriously. We don’t like bankers who cheat and steal. And we really don’t like lawyers who are complicit in the fraud — not just representing the interests of their clients as best they can. There are some law firms that were caught flat-footed by this and may have considerable exposure now to discipline, civil actions and even criminal liability for fabrication of documents, forgery and misrepresentation to the courts.

So to get to the point, Michelle Reagan has my vote wherever her ambitions lead her. We need more people like her — people who take public service seriously. I’m not nearly as interested in the political ideology of a person seeking to serve in public office, as I am in their integrity and basic sense of fairness, right and wrong. My suggestion: send a thank you note to Michelle Reagan in Phoenix to her Senate office and let her know how much you appreciate her. It’s high time we gave praise where it is due and give them hell where that is due.

Thanks Senator Reagan.

10 Responses

  1. ACTION ALERT:

    Every Arizonian and our friends here, CALL the Arizona HOUSE members to Support this Senate Bill 1259! Lets do this in every state.

    Master Arizona House Phone List:

    http://www.azleg.gov/MemberRoster.asp?Body=H

    Take 15 minutes to nicely but firmly voice your observations to several House members about the banks foreclosure scams and to support this CRITICAL bill! The Feds won’t do a thing.

    Let’s start an irreversible nationwide movement this WEEK from Arizona.

    Even a couple of hours of calling may thwart these Ponzi banks for good if we organize enough. Calls are much easier than Court! Enough!

  2. Maybe she could give some straight talk to Congressman Posey from FL

    http://www.foreclosurehamlet.org/profiles/blogs/watchdog-congressman-posey

  3. Thanks, all, for your responses.

    Thanks for the draft letter for California. I’m in CA, too.

  4. Linda: and Abby

    You are so right on. By the way Abby, some of the states already have the laws in place. It now moves to law enforcement – For years we delay everything until nothing can be done and like Linda says, they have already gotten rid of a lot of the loans. Not nearly as many to address.

    I put together a book back in 2007 talking about the negligent loan servicing technique and gave 20 stories I believe to support what was going on and why.

    The publishers said everyone new all that. Really?

  5. CALIFORNIANS AND OTHERS HERE IS A TEMPLATE TO USE TO WRITE YOUR LEGISLATURE TO TELL THEM WE WANT SIMILAR LAW AS TO WHAT AZ JUST PASSED..AZ SENATE BILL 1259.

    BANKS MUST PROVE CLEAR CHAIN OF TITLE.

    http://www.scribd.com/doc/49555092/CALIFORNIA-TEMPLATE-FOR-LETTER-TO-CA-STATE-SENATOR-OR-ASSEMBLYPERSON

  6. ALL CALIFORNIANS–DO THE SAME–START CONTACTING OUR STATE LEGISLATURES AND TELL THEM WE WANT A BILL LIKE ARIZONAS SB 1259!!

    YOU CAN LOOK UP WHO YOUR STATE ASSEMBLYMAN IS FOR YOUR ASSEMBLY DISTRICT HERE:

    http://www.assembly.ca.gov/defaulttext.asp

    HERE IS WHERE YOU GO TO LOOK UP YOUR STATE SENATOR:

    http://www.sen.ca.gov/

    HERE IS THE ALERT WITH LINKS TO THE AZ LAW JUST PASSED:

    http://www.scribd.com/doc/49548461/CALIFORNIANS-ACTION-ALERT-CONTAC

    You see, the Arizona State Senate has passed Senate Bill 1259, sponsored by Michele Reagan, which would require the lenders that didn’t originate a loan to produce the full chain of title, or risk the foreclosure sale being voided. The bill now goes to the House for a vote, but with the Senate having passed it by an overwhelming margin of 28-2, it would seem that its passage is a fait accompli.

    According to the Arizona Senate’s FACT SHEET FOR S.B.1259, foreclosures; proof of ownership, the Bill’s purpose is as follows:

    “Provides a chain of ownership during foreclosure proceedings and allows reimbursement of lawyer fees for injunctions or court cases that fail to prove ownership.”

  7. I agree there should have been a nationwide moratorium on ALL foreclosures. Period.
    Yet, they STILL don’t do this.

    I suppose the banks and AGs are fearful everyone will stop making payments and the economy will crash. They are only postponing the inevitable.

    In spite of all the fraud, banks continue to steal homes right and left and throw people out on the streets. Perhaps they figure it will be less costly to settle these cases when the time comes because there won’t be as many cases to settle…cut their “losses” on a smaller scale and patch up the wounds later.

    They just won’t step up to the plate…you have to force their feet to the fire to get them to move.

    I just don’t know why the madness continues and it’s not stopped. Although I do see signs of progress. SLOW.
    Any ideas out there??

  8. I think it is great that you took the time to pay your respect to this politician. I wonder though, if anyone is ever going to pay their respect to the poor homeowners who have been on the front line for the past 10 years, writing letters everyday to banks and politicians, trying their best to not only keep their homes but manage them as well.

    It appears that we are losing this battle simply because no one speaks up, including the people, for what is going on. Yes, we have blogs that pretty much tell us time and time again about what is going on and who is doing what, but never do we have the kind of protest that others have taken when it comes to fighting for their rights, no so much that of others.

    The non profits take our tax payer money and look what we have in return. The politicians return our letters saying thank you ma’m but maybe some day.

    Attorney generals are only bringing cases that were obvious – the rob signors and few references to actual court cases where homeowners lost everyting and the judges that permitted it to happen because they don’t believe in the rule of law.

    This is one lady and I think it is great; however, so much more could have been done had she gone to the other politicians and read them the riot act – what are we going to do about the people. Oh that is the attorney general’s job – I see. Yet homeowners continue to lose their homes to foreclosure while the attorneys general do their thing. I am by no means satisfied with any of it.

    The last two administrations let us down big time and why isn’t this going to be the centerpiece of the next presidencial election. 14% people participating in the HAMP PROGRAM WHICH WAS NOTHING MORE THAN A PLOY. wHERE ARE THE POLITICIANS THAT ALLOWED THIS.

    false hope for false promises – The foreclosures should have been prevented by our attorneys generals in the first place – nothing!!!!

  9. GREAT POST…and the one before it about AZ passing the bill.

    Inspires hope for the “change” we really need !!

    I will write to her with my thanks.

  10. Very daring for someone in public office to try and go against the banks and find the amount of fraud that is at work in all our lives.This only goes to show how far and how indepth the fraud actually goes.

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