Foreclosure Forum March 11, 2012
Fellowship Hall, 1341 College Ave. Modesto 95350
Hosted by Occupy Modesto
I attended this forum on Sunday past along with about 25 other people. There were representatives of different occupy groups, Modesto, Sacramento, Merced, Stanislaus, Calaveras, Contra Costa, Mariposa and Sonora (unofficially, me). Also sitting next to me was a middle aged couple from Morgan Hill, whose home was in foreclosure, trying to garner additional information as to what they could do.
The forum was scheduled from 2PM to 6PM. I had to leave by 4PM. I did have the opportunity to listen to one of the main speakers, “CJ” Holmes, realtor, real estate investor and certainly an enthusiast for going after the financial, banking institutions and any others who allegedly have been swindling homeowners during the foreclosure process.
From a chart CJ presented,TuolumneCountyhas “upside down” mortgages totaling approx. 3,107 and is suffering about 45 auctions per month, and 11.9% of mortgages “under water.”
“CJ” claims that most of the foreclosures, no matter where they are being initiated are fraudulent, and the process used by the initiators “….breaks all the rules of the chain of custody, from securitization thru the foreclosure process” where applied.
For those who are in foreclosure, “CJ” believes it is in the best interests of the mortgage holders to confront the county recorders’ offices, demanding certain documents that she explains on her website which is included in the sources below.
Her logic is based on the chain of custody that seemingly is broken and illegal because of the mortgage registry established called, “MERS”. Mortgage (http://en.wikipedia.org/wiki/MERS) Electronic Registration Systems.
“CJ” Holmes website has many “hot links” that will lead those who are interested to other sites and explanatory ones about which she has talked about. (http://occupy-our-homes.info/)
She gives (hot link) examples of what the documents should look like when attempting to get that particular information from the county recorders offices.
Quoted from CJ Holmes site:
“As we pressure local officials, Californians, please consider signing our Online Petition asking the Governor to issue a foreclosure moratorium. During the great depression, also caused by Bank fraud by the way, 28 states issued foreclosure moratoriums. Each petition signer has a chance to send a personal message to our State Officials.
Here’s some of the Petitioner Comments Already Sent:
“Slavery is alive and well, but it has a new name: Foreclosures.”
“Yet another victim of fraud-stop them!!!!”
“Stop foreclosure. Our dream homes on the Trustee Sale list. We are suffering too much!”
“Me and my neighbors have had enough – please stop foreclosures now”
“HURRY, HURRY, PLEASE HELP US, AND HURRY!”
“This is the very least you can do.”
Near the bottom of CJ Holmes site you will find a petition you might like to sign:
This link will take you to the petition page.
At the very bottom of her page you will find many more links to further satisfy your curiosity or search for more information and facts.
Huffington Post Article by SF Assessor/recorder:
“Foreclosure Audit Reveals Pervasive Irregularities” Feb. 23, 2012.
Phil Ting, Assessor Recorder San Francisco
Huffington Post on line: http://www.huffingtonpost.com/phil-ting/foreclosure-crisis-california_b_1297503.html
It is informative to read the readers comments (like always).
Another great site that I personally receive newsletter briefs and have been garnering information about foreclosures and personal experiences:
This site always has tons of personal comments that are informative and will make “connections” with others who are suffering thru the same problems involving banks, mortgage companies, other financial institutions and foreclosures.
For further sites just use your imagination and your search browser; you will be inundated with sites to explore.
All in all I enjoyed the forum and hope that there will be more that we can attend. We need to pass this information on to other “Occupy” sites. The more individuals, groups involved, the more power can be mobilized to maybe change some of the horrible inequities so many are suffering in this financial crisis.
Remember: The financial system we espouse is basically founded on what I call, “The Greater Fool Theory”.
“You must find another greater fool to purchase what you have purchased as a fool in the first place.”
OccupySonora(and the World)