The Neil Garfield Radio Show at 6pm Eastern: JPMorgan Chase operates a Racketeering Enterprise according to Plaintiffs

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For a copy of the LIST OF LOANS involved in the RICO lawsuit Click the following link: First Fidelity loans purchased from Chase

For a copy of this case click here: RICO Complaint – Chase

JPMorgan Chase has been accused of creating a “racketeering enterprise” whose purpose was to evade legal duties owed to borrowers, regulators and Plaintiffs, among others, to appropriately service federally regulated mortgage loans.  Basically, JPMorgan Chase cannot provide the necessary documentation to the Plaintiff’s regarding the loans they purchased, while borrowers whose loans were sold to JPMorgan Chase cannot obtain proof regarding the ownership of their loans (likely because all documentation was intentionally destroyed). The loans are void without the proper documentation (notes, reconveyances and assignments).   It is noteworthy, that when JPMorgan Chase went to foreclose on the “loans” with no legitimate documentation,  they would use entities like Nationwide Title Clearing to create false title and paperwork necessary to foreclose or to attach to a proof of claim in bankruptcy.

This blockbuster lawsuit illuminates the fact that JPMorgan Chase was selling thousands of loans it didn’t own including loans it had previously sold to other MBS trusts!  It is alleged that Chase transferred these defective “loans” in order to avoid non-reimbursable advances and expenses.

S&A Capital Mortgage Partners, Mortgage Resolution Servicing and 1st Fidelity Loan Servicing are suing JPMorgan Chase in the Southern District of New York District court for failure to service loans in a manner consistent with its legal obligations under: RESPA, TILA, FTC violations, the FDCPA, The Dodd Frank Wall Street Reform act, the Equal Credit Opportunity Act, the Fair Housing Act; and other applicable state and federal usury, consumer credit protection and privacy, predatory and abusive lending laws (collectively “the Acts”).  It is likely that this is not an isolated incident, but JPMorgan Chase’s normal operational standard.

The Plaintiffs complain that JPMC, rather than comply with the costly and time consuming legal obligations it faced under the Acts, the Defendants warehoused loans in a database of charged-off loans known as RCV1 and intentionally and recklessly sold these liabilities to unaware buyers such as the Plaintiffs.

To accomplish the transfer of these obligations Defendants prevented Plaintiff’s from conducting normal due diligence, failure to provide information, and changing terms of transactions after consummation; as well as failure to transfer mortgages to them. Because the Plaintiff’s did not receive the information about the loans purchased, the Defendants tortuously interfered with the Plantiff’s relationships with the borrowers including illegally sending borrowers debt forgiveness letters and releasing liens.   These actions not only resulted in specific damage to said lien’s value, but caused Plaintiffs reputational harm with borrowers, loan sellers, investors, lenders and regulators.

In reality both investors and borrowers should unite and sue JPMorgan Chase for Fraud and Fraudulent Inducement, Tortious Interference with Business Relations, conversion, breach of contract, and promissory estoppel and additional relief.

Highlights from the case include these bombshells accusing JPMorgan Chase of:

(iv) Knowingly breached every representation they made in the MLPA, including failing to legally transfer 3,529 closed-end 1st lien mortgages worth $156,324,399.24 to the Plaintiffs, and to provide Plaintiffs with the information required by both RESPA and the MMLSA so that Plaintiffs could legally service said loans.

(v) Took numerous actions post-facto that tortiously interfered with Plaintiffs’ relationships with borrowers including illegally sending borrowers debt forgiveness letters and releasing liens.

RCV1 Evades Regulatory Standards and Servicing Requirements

  1. Defendants routinely and illicitly sought to avoid costly and time-consuming servicing of federally related mortgage loans. Since 2000, Defendants maintained loans on various mortgage servicing Systems of Records (“SOR”) which are required to meet servicing standards and regulatory mandates. However, Defendants installed RCV1, an off-the-books system of records to conduct illicit practices outside the realm of regulation or auditing. Defendants’ scheme involves flagging defaulted and problem federally related loans on the legitimate SOR and installing a subsequent process to then identify and transfer the loan records from the legitimate SOR to RCV1. The process could be disguised as a reporting process within the legitimate SOR and the data then loaded to the RCV1 repository on an ongoing basis undetected by federal regulators.
  2. Defendants inactivated federally related mortgage loans from their various SORs such as from the Mortgage Servicing Platform (“MSP”) and Vendor Lending System (“VLS”).


  1. RCV1’s design and functionality does not meet any servicing standards or requirements under applicable federal, state, and local laws pertaining to mortgage servicing or consumer protection. Instead, the practices implemented by Defendants on the RCV1 population are focused on debt collection.


  1. Defendants seek to maximize revenue through a scheme of flagging, inactivating, and then illicitly housing charged-off problematic residential mortgage loans in the vacuum of RCV1, improperly converting these problematic residential mortgage loans into purely debt collection cases that are akin to bad credit card debt, and recklessly disregarding virtually all servicing obligations in the process. In order to maximize revenue, Defendants used unscrupulous collection methods on homeowners utilizing third-party collection agencies and deceptive sales tactics on unsuspecting note sale investors, all the while applying for governmental credits and feigning compliance with regulatory standards.


  1. In short, the RCV1 is where mortgage loans and associated borrowers are intentionally mishandled in such a manner that compliance with any regulatory requirements is impossible. In derogation of the RESPA, which requires mortgage servicers to correct account errors and disclose account information when a borrower sends a written request for information, the information for loans in RCV1 remains uncorrected and is sent as an inventory list from one collection agency to another, progressively resulting in further degradation of the loan information. In dereliction of various regulations related to loan servicing, loans once in RCV1 are not verified individually and the identity of the true owner of the note per the Truth in Lending Act (TILA) is often concealed. Regulatory controls regarding grace periods, crediting funds properly, charging correct amounts are not followed.


  1. More specifically, a borrower sending a qualified written request under Section 6 of RESPA concerning the servicing of his/her loan or request for correction under 12 U.S.C. §2605(e), 12 CFR §1024.35 could not obtain resolution because RCV1 is a repository for housing debt rather than a platform for housing and servicing federally related loans. RCV1 contains no functionalities for accounting nor escrow management in contravention of §10 of RESPA, Regulation X, 12 CFR §1024.34.


In contravention of 12 CFR §1024.39, Chase failed to inform Borrowers whose loans were flagged, inactivated, and housed in RCV1, about the availability of loss mitigation options, and in contravention of 12 CFR §1024.40. Chase also failed to make available to each Borrower personnel assigned to him/her to apprise the Borrower of the actions the Borrower must take, status of any loss mitigation application, circumstances under which property would be referred to foreclosure, or applicable loss mitigation deadlines in careless disregard of any of the loss mitigation procedures under Reg X 12 CFR § 1024.41.


  1. Unbeknownst to Plaintiffs and regulatory agencies, Chase has systematically used RCV1 to park flagged loans inactivated in the MSP, VLS, and other customary SORs to (1) eschew Regulatory requirements while publicly assuring compliance, (2) request credits and insurance on the charge-offs., (3) continue collection, and (4) sell-off these problematic loans to unsuspecting investors to maximize profit/side-step liability, all with the end of maximizing profit.


Specifics of Defendants’ RICO Scheme and Conduct:

  1. Since at least 2000, Defendants evaded their legal obligations and liabilities with respect to the proper servicing of federally related mortgages, causing Plaintiffs damage through Defendants’ misconduct from their scheme to violate:
  • The Real Estate Settlement Procedures Act (RESPA);
  • The Truth in Lending Act (TILA);
  • The Federal Trade Commission Act (FTC);
  • The Fair Debt Collection Practices Act (FDCPA);
  • The Dodd Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank);
  • The Equal Credit Opportunity Act; and
  • The Fair Housing Act.
  1. After Plaintiffs acquired mortgage loans from Defendants, during the period 2011 through at least 2016, Defendants released thousands of liens related to RCV1 loans, including RCV1 loans Defendants no longer owned, to avoid detection of non-compliance with the Lender Settlements. These lien releases caused harm to the Plaintiffs and to numerous other note sale investors.


  1. Similarly, in September 2008, Chase Bank entered into an agreement with the FDIC as receiver for WAMU-Henderson. Chase Bank made a number of representations in its agreement with the FDIC, including that Chase Bank and its subsidiaries were in compliance with all applicable federal, state and local laws. However, at the time of execution and delivery of the agreement, Chase owned thousands of loans with respect to which, through its improper servicing and other misconduct relating to the RCV1, it was in violation of many federal and state laws. These circumstances created a further motive for Chase Bank to participate in the scheme to transfer thousands of noncompliant loans to Plaintiffs and others.


  1. Plaintiff MRS purchased loans from Chase pursuant to the MLPA that were actually Chase’s most problematic loans and mostly housed in the RCV1 repository. In March, 2009, bare notes and deeds, without the promised required loan files documenting servicing and borrower information, were simply shipped to Plaintiffs as the “loan files”. Plaintiffs also received loans for which no notes, deeds or loan files were provided at all. Nevertheless, Defendants kept promising that the complete loan files were forthcoming, with no intent of ever providing them. Without the necessary documentation, it was difficult or impossible for Plaintiffs to service and collect on the loans. And despite herculean efforts, most often Plaintiffs could not locate the necessary information to service and collect on the loans.


  1. Defendants’ plan to entice an existing and approved, but unsuspecting note sale buyer to purchase these toxic loans is in plain view in various recently produced email exchanges discussing Defendant’s fraudulent scheme to dump non-serviced loans with inadequate documentation on Plaintiffs from October 2008 through February 2009.


  1. As early as 2008, Defendants’ knew the public was becoming more aware of its the scope of its improper actions. Ultimately, in 2012, public pressure prompted the federal government and many states to bring a complaint against JPMorgan and Chase Bank, as well as other banks responsible for fraudulent and unfair mortgage practices that cost consumers, the federal government, and the states tens of billions of dollars. The complaint alleged that JPMorgan and Chase Bank, as well as other financial institutions, engaged in improper practices related to mortgage origination, mortgage servicing, and foreclosures, including, but not limited to, irresponsible and inadequate oversight of the banks’ quality control standards. Unfortunately, the complaint failed to note, and the government appeared unaware of, the Defendants’ deeper institutional directives designed to hide their improprieties (such as the establishment of the RCV1 and its true purpose).


  1. 48. At all applicable times, Defendants had been continuing to utilize its RCV1 database.


  1. However, as in 2008, the loans housed in the RCV1 repository presented a huge reputational risk and legal liability as the loans housed in RCV1 were not being treated as federally related mortgage loans, were not in compliance, were no longer being serviced as such, but were being collected upon.


  1. By 2012, the RCV1 database contained hundreds of thousands of federally related mortgage loans, which had been inactivated in regular systems of records and whose accounts were no longer tracked pursuant to regulatory requirements, including escrow accounting.


  1. Other knowing participants in the conspiracy include third party title clearing agencies, such as Nationwide Title Clearing Company (NTC), Pierson Patterson, and LCS Financial Services, who were directed by Defendants to prepare and then file fraudulent lien releases and other documents affecting interests in property. Either these entities were hired to verify liens and successively failed to properly validate the liens before creating documents and lien releases containing false information, or these entities were directed by Chase to create the documents with the information provided by Defendants. In either case, these title clearing agencies which recorded fraudulent releases of liens and related documents in the public record, had independent and separate duty from Defendants to file, under various state laws, all relevant documents only after a good faith proper validation of the liens. Instead these entities deliberately violated their duty of care by knowingly or recklessly filing false lien releases and false documents on properties not owned by Defendants.


  1. In many states, the act of creating these documents is considered the unauthorized practice of law. In Florida, where NTC is organized, there is a small exception for title companies who are only permitted to prepare documents and perform other necessary acts affecting the legal title of property where the property in question is to be insured, to fulfill a condition for issuance of a title policy or title insurance commitment by the Insurer or if a separate charge was made for such services apart from the insurance premium of the Insurer. Plaintiffs have not ascertained whether Nationwide Title or any other agencies created documents for Chase as a necessary incident to Chase’s purchase of title insurance in Florida.


  1. Chase used Real Time Resolutions, GC Services, and Five Lakes Agency, among other collection agencies, to maximize its own back door revenues on loans that were problematic and had been inactivated/“charged off” and thereby were invisible to regulatory agencies.


  1. At all times, Defendants directed the collection of revenue on problematic federal mortgage loans, placing them in succession at third party collection agencies. Those third party collection agencies included:


  1. The third-party collection agencies had a duty to verify whether the debts were owned by Chase, offer pre-foreclosure loss mitigation, offer Borrowers foreclosure alternatives, and comply with any of HUD’s quality control directives and knowingly or recklessly failed to do so. The third-party collectors knew that the debts they were collecting at Defendants’ directions were mortgage loans. They also knew they did not have the mechanisms to provide any regulatory servicing. Nonetheless, the third-party collection agencies continued collection on behalf of Chase for RCV1 loans. The collection agencies continued to collect without oversight or verification and did in fact continue collecting on debt on behalf of Defendants, despite the mortgage loans being owned by the Schneider entities. The ongoing collection gave Chase continued windfalls.


  1. A September 30, 2014 document shows that as late as September 30, 2014, Defendants had charged-off and ported 699,541 loans into RCV1.


  1. Unbeknownst to Plaintiffs, Chase was selling non-compliant and thus no longer “federally related mortgage loans” to Plaintiff which Chase had ported and inactivated within their regulated systems of records but had copied over to a separate data repository solely for the purpose of collecting without servicing.



  1. Plaintiff MRS was not privy to Defendants’ internal communications of October 30, 2008, which clarify that Chase knew that the loans it was intending to off load onto the Plaintiff were not on the primary system of record and were being provided from the un-serviced repository called RCV1. The information in RCV1 was not complete because it was not a regulated system of record. As indicated by Chase’s communications, Chase purposefully cut and pasted select information where it could from other systems of records to the information in RCV1. Defendants’ emails discuss data from the FORTRACS application, the acronym for Foreclosure Tracking System, which is an automated, loan default tracking application that also handles the loss mitigation, foreclosure processing, bankruptcy monitoring, and whose data would have originally come from a primary system of record. Rather than a normal and customary data tape, Chase was providing a Frankenstein of a data tape, stitched together from a patchwork of questionable information.


  1. Despite its representation and warranty that Chase “is the owner of the Mortgage Loans and has full right to transfer the Mortgage Loans,” a significant portion of the loans listed on Exhibit A were not directly owned by Chase.


  1. Upon information and belief, some of the loans sold to MRS were RMBS trust loans which Chase was servicing. Chase had transferred these to MRS in order to avoid non-reimbursable advances and expenses. The unlawful transfer of these loans to MRS as part of the portfolio of loans sold under the MLPA aided the Defendants in concealing Regulatory non-compliance and fraud while increasing the liabilities of MRS.


  1. Chase committed, inter alia, the following violations of law with respect to the loans sold to MRS: a. Chase transferred the servicing of the mortgage loans to and from multiple unlicensed and unregulated debt collection agencies which lacked the mortgage servicing platforms to account for or service the borrowers’ loan with any accuracy or integrity.

Investigator Bill Paatalo of the BP Investigative Agency points out that allegations in this case support accusations in other lawsuits against JPMorgan Chase including that:

  1. Chase knowingly provided collection agencies with false and misleading information about the borrowers.
  2. Chase failed to provide proper record keeping for escrow accounts.
  3. Chase stripped loan files of most origination documentation, including federal disclosures and good faith estimates, thus putting MRS in a positionwhere it was unable to respond to borrower or regulatory inquiries.
  4. Chase failed to provide any accurate borrower payment histories for any of the loans in theMLPA.
  5. Chase knowingly executed assignments of mortgage to MRS for mortgage loans that Defendants knew had been foreclosed and sold to third parties.
  6. Chase circumvented its own operating procedures and written policies in connection with servicing federally-related mortgage loans by removing the loans from its primary record-keeping platform and creating an entry in its RCV1 repository. This had the effect of denying the borrowers their rights concerning federally related mortgages yet allowed Chase to retain the lien and the benefit of the security interest,
  7. Chase included on Exhibit A loans that it had previously sold to third parties and loans that it had never owned.
  8. Chase knowingly and deliberately changed the loan numbers of numerous valuable loans sold to MRS after the MLPA had been fully executed and in force. This allowed Chase to accept payments from borrowers whose loans had been sold to MRS without its own records disclosing the wrongful acceptance of such payments.
  9. Chase’s failure to provide the assignments of the notes and mortgages was not an act of negligence. As events unfolded, it became clear that Chase failed to provide the assignments of the notes and mortgages because it wanted, in selective instances, to continue to treat the sold loans as its own property.
  10. Chase converted payments from borrowers whose loans it had sold

At what point does the Federal Government take action against these fraudulent practices?  It is likely that ALL major banks are participating in the exact same racketeering enterprises so obvious at JPMorgan Chase.

Bill Paatalo, Private Investigator:
BP Investigative Agency, LLC
P.O. Box 838
Absarokee, MT 59001
Office: (406) 328-4075
Attorney Charles Marshall, Esq.
Law Office of Charles T. Marshall
415 Laurel St., #405
San Diego, CA 92101



15 Responses

  1. Fred — don’t ever give up!!!. And many thanks for your service!!!!

    Wheels continue to Spin!! You are years young — hang in!!!!!!!

    Dignity is most important — and no one can ever take that away from you.

  2. I sure wish you would help this 75 year old Vietnam Veteran and millions of other, fellow Americans and Veterans regarding the millions of us good citizens who have been illegally, and wrongfully foreclosed upon these past many years. It is such a travesty that our very own government was also involved with all of this right up to their ears!! Phony, crooked Fannie Mae, Freddy Mac and others where taken over by the GSE through our own FHFA back in 2008 as I understand it?!!!

    All the phony bailouts to crooks like racketeering Bank of America ($45 billion + I am told to allegedly help so many people like me and other fellow Americans) have resulted in very little actually used (again to my understanding, to help all of us in this big Ponzi Scam between the banks and wall street. It still continues to this day with Bank of America, Wells Fargo, Chase and others doing phony fake “service transfers” to real bad crooks like Shellpoint Mortgage and Seterus to allegedly shirt the heat off them and continue to harrass people and force them into a wrongful foreclosure action using fake, phony, forged, fabricated, “robosigned” documents and convincing courts to rule on facial evidence and using phony MERS (that was even created by all these racketeering lenders like Bank of America et at) .

    I believe many states have already finally awakened and established the facts surrounding phony old MERS NOT being a true beneficiary/nominee and acting on behalf of phony, nonexistent trusts that was used and referenced in millions of wrongful/phony foreclosures. I still can’t believe that people like the MORROWS in the great state of Montana sold out and settled privately, and confidentially with the case being sealed!!!! The “Morrow Case” and the supposedly ongoing case in Colorado (GEORGE ET AL. V. URBAN SETTLEMENT SERVICES, INC AND BANK OF AMERICA)- BOTH CASES ARE JUST LIKE MINE WERE I RECEIVED 5 PHONY “IN-HOUSE” MODIFICATIONS ON MY INITIAL FIVE (5) LOANS THAT WERE ALLEGEDLY ORIGINATED AND “TABLE FUNDED” BY SOME REALLY NICE PEOPLE THAT WORKED AT COUNTRYWIDE HOME LOANS!!!?? As you know Bank of America and all the other crooked lenders used racketeering tactics and claims using Urban Settlement Services, Inc. ( a company I understand was created by old Bank of America to complete thousands (if not millions) of phony “in-house” loans where they merely extended the loans out to 50 years with NO change in the high interest rates. I had no choice as they said I did NOT qualify for a HARP or other government assisted loan! Urban Settlement Services, Inc. and Bank of America worked closely together to totally deceive people and force them into these phony “in-house” loans while adding on all kinds of fees and costs which would further drive people into foreclosure eventually!

    Since I have heard little about David Dayen and others I often wonder if they were finally bought out, along with being coerced into settlement for money and slowly fading into the sunset! Wow what a dream if there were an onslaught of attorneys and professional people working together to once and for all expose all this across our nation and expose all this once and for all. Like the George Case in Colorado (a supposed “appeals Court Rulinig”) the attorneys will eventually make millions while the harmed and affected class action members will receive pennies to nothing as Colorado appears to be a very strange and unpredictable state unlike the great state of Montana where the Montana AG even filed an Amicus Brief in favor of the Morrows!!

    I have been fighting this battle for over 9 years now and Seterus and Shellpoint were called in the hopefully attempt to force me into foreclosure!! Seterus has even admitted to being BOTH an alleged SERVICER and a well know “DEBT COLLECTOR” which seems to me to be a true “conflict of Interest”. Bank of America has sicked various law firms like the big one of Blank and Rome to send carefully drafted and intimidating letters to me that are actually making false and wrongful statements relative to the totally wrongful foreclosure they pulled on me with one of the family properties located at 15032 6160 Road that used both MERS and a totally false, fabricated robosigned assignment on behalf of confessed robosignor Michele Sjolader.

    I have kept up this nearly useless fight because I know I am right and have boxes of files on all the phony correspondence from the likes of Bank of America and over 25 different CSRs (consumer service representatives used by Bank of America and their co-conspirators as they continue to demand documents over and over with false statements that the documents were outdated, not sent, and even claims that my additional $10,000 I had to pay for my 95 year old mother who required full 24 hour care, was NOT a significant change in my financial situation (this went on from the time mom was over 80 years old and up until the time of her death (late 2016 at the age of near 95). I have all the names and alleged signatures of all the various robosignors over all these years and their is a huge list of them on the Internet (many which appear on the documents I have on file). I was also asked several times to send new financial packets to different places from New York, to Florida, California, and Colorado ( believe I sent out in excess of 1,100 documents during this time to all the different stated CSRs.

    I kept sending letters, faxes, and Emails to several government offices like the phony CFPB (under Richard Condray), Fannie Mae, President Obama, the USDOJ, President Trump, various Senators like fairly new Corey Gardner (who initially got me a true trial period at 2% from Fannie Mae) and quickly resolved/dismissed himself with no further contact once his office found out they were possibly violating Colorado via “dual tracking” and I never ever heard from old Gardner again. I would not be surprised if old Gardner got a new mortgage or his existing loan (s) paid off.

    Unfortunately I am too old now to really fight the system and this whole Ponzi Scheme is so long and involved that our whole financial system could well collapse if all the truth and facts were exposed and WE the people who are supposed to be represented by government in their positions of supposed “of the people, by the people, and for the people”. I thing we ALL know that this is truly false and just one large factor of the HUGE, GIGANTIC SWAMP (I would call it a S hole myself) that more and more people are starting to learn about, but powerless to fight when you don’s have access to a great attorney and lots of money. There are also lots of attorneys taking full advantage of this and many other situations to literally steam money from us under false and misleading claims- this is my humble opine anyway. The banks and other lenders continue to make billions and spend billions while we the people (fellow Americans and Veterans lose everything we worked hard for to acquire over all our years. Doesn’t hardly seem fair in any possible way like so many other things that exist now days to bring our once wonderful and unique country to its knees. I fear we are too late to do much now, but I do admire Judicial Watch and Mr. Fitton for trying anyway. I say keep up the fight and try to get more honest hard working people involved to help try and turn things around. Semper Fi and keep up the fight!!

    Best regards,

    Fred R. Schneider 2210 Hatton Place Montrose, CO 81401 attachment

  3. Thank you. If we can ever get the government to do the right thing and help all of us Americans fight the nasty HUGE PONZI SCHEME with the crooked, racketeering lending and stock market fraud we might be able to help others . My long letters with a long summary of all the proof I have on the FIVE (5) loans that I had that were allegedly originated and “table funded” were followed up with phony, forged, fabricate, and even robosigned documents”.

    There are a lot of people trying to make money off of this with claims they can help you IF YOU PAY them money.

    What we need in my humble opine is a *nationwide push and group of lawyers across the country to band together and take our wonderful country back after what the bankers and stock market people did to us Americans and Veterans!!! Our government has done more damage than anyone to ruin this country with ALL the government waste, abuse, and failure to act in the best interests of US the American People!!! *

    Given all the hatered from other countries and how they have taken unfair advantage of us I think President Reagan has the right idea with Star Wars and making ALL Americans great and to hell with the rest of the world. Anyway that is my simple take on things. Semper Fi. there should be a nationwide ban and moratorium on any and all foreclosures as the bastards are still doing it and our own government is in on this right up to their eyeballs. My registered letters to Mic Mulvaney, Dr. Ben Carson, and President Trump were TOTALLY ignored and NOT even one reply- just like the old Obama rule!! Please join in and help ALL of us Americans take down all this racketeering and corruption. A lot of people are totally unaware that GSE and FHFA took over Fannie Mae and Freddie Mac back in 2006 when nasty old Bank of America allegedly bought and took over Countrywide Home Loans through a company B of A created in Red Oaks Holding Company. Semper Fi.

    *1031 FRS. dba Fred R. Schneider, RECI, GRI* *Fred R. Schneider, RECI, GRI* *2210 Hatton Place* *Montrose, CO 81401* *970-240-0646*

  4. […] For a copy of the lawsuit and additional information please go to LivingLies. […]

  5. My case against CHASE is in California: After 4 Amended complaints, proving 15 counts of FRAD and having a $34,000 credit balance, at the time of foreclosure, the court denied the right to a trial claiming a lack of sufficient evidence. (The right to a “Fair Trial” by a jury of one’s peers, is granted under the California Constitution.) So, the problem with the illegal foreclosures crisis does not lie entirely with the banks.. So, where does a person like me “Go from here?” Or is it just a matter of putting your tail between your legs and realizing that “YOU CAN”T SUE A BANK” and expect to win?

    Herman De Nunzio

  6. what about theMDLsettlement in Boston Where Chase breached loan mods, etc. got nothing, but Gary Klein got plenty, now his chasing a different ambulance. they breached my loan mod because they thought I was originally a wamu loan but chase was supposedly the originator of my refi in 2006. they lied their a** off. Nobody did anything. Worthless CFPB. Yes Jamie Dimon is a big crook, the entire organization. Chase will sweep this lawsuit under the rug. They are worth in the trillions I hear, whats a few million and not admit any guilt. This is enough. They belong in jail.

  7. Was anyone noticed of a default before the refinance ? Would like to hear about this.

  8. Separated Shelley.

  9. A paralegal tells me his firm filed a Motion For Notice of Right to Inspect the Note and Assignment. The mortgage was ex sponged from the records.

  10. JP Morgan foreclosed my house, when I had more equity in the house to pay the whole mortgage, than what it was sold for. I had plenty of money to pay in full with an approved Reverse Mortgage. The Attorneys, Judge, and even the Consumer Financial Protection Bureau thought I was trying to take advantage to get a free house, when in fact, the (Bank), stole it.
    I lost my house, my car, my savings, my health, my home based business, and hope, after fighting for over four years and never could recover my property.
    We were thrown out to the street without being able to save our personal properties. From middle class, we ended living in poverty.
    The property records show that there was no lien attached, nor there was a release of any lien or the court sales proceeds. The property continues under me and my husband’s name, with no transfer whatsoever. The people who bought the house obtained a special guarantee deed in Florida, where the property is located.
    Still, I have some hope that a day will come where I will continue the fight or find an attorney who can easily win this case. I have evidence of everything, but have not been able to find anyone interested. My case is perfect for an attorney to sue the Bank JPM Chase for damage and ruining our life at 72.

  11. On Monday evening, the president tapped Joseph Otting, a former colleague of Treasury Secretary Steven Mnuchin at OneWest to run the Office of the Comptroller of the Currency. He will oversee more than 1,000 lenders, including big Wall Street banks. His position still requires Senate approval.

  12. Monitors have done nothing to enforce settlements. In order to even be considered under the settlements, the servicer must be owned by the Bank that settled. Still not pinpointing the reason for no or bad documentation.

  13. So is this news? When I was fighting Chase, there was no doubt this was going on. Unfortunately, most attorneys were gutless wonders who did not want to fight. Through my own tenacity, I saved my home and got the whole thing settled in my favor. In my opinion Chase owed me a lot more, but I had to go on with life. Chase had FU’d my life — both personal and professional as they were also our bank in a biz deal in Ohio. They just bailed on it and said find a new bank when the crisis hit. NO one — no FDIC, no SEC, no CFPB no nothing to help. Obama bailed, Holder bailed Washington DC bailed out on its citizens. No way anyone who had to deal with it could feel any other was. Jamie Dimon is a criminal

  14. Neil, We requested production from Chase when file NOD, based on affidavit Phonesay Say, chase rep, stating mortgage, note, and NOD are true and correct. While the Note was indorse to WAMU, not Lasalle, the allege plaintiff. FALSE. NOD based on books and records, and policy to mail by WAMU, servicer at the time. When requested books and records from Chase to verify. Chase requested Protective Order, denied , then destroyed the books and records, stating there were NONE> I’m with you on all of this, and will contribute Nardi Testimony. This if in fact a pattern of practice of Chase, through the corrupt POS attorneys that make big bucks, 2 or more at $500 plus ph.with incentive to take to trial, litigate 4ever at those rates.

    Great article looking forward to show tonight


  15. Great article on how all property owners continue to get taken advantage of with the “to big to fail” slogan that banks use because they are bankrolled by our very own federal and probably state governments – especially the FHFA, GSE, Fannie Mae, Freddie Mac, Chase and many others. I say keep fighting Semper Fi.

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