The Law Office of Carol A. Molloy

Or to put it another way, are we all so brainwashed by the financial system that we still can’t accept the fact that not only are they as irresponsible and untrustworthy as any other person in the marketplace, they know just how to use the appearance of institutional honesty to commit the most dishonest act?

The story the financial industry wants us to believe is that borrowers are bad or they are simply too poor to afford maintaining the mortgage that the bank gave them in good faith. If that’s all there is to it, then why do they need to commit fraud so often that it is now custom and practice in the industry to commit fraud when mortgages are originated and when foreclosures are initiated? Why would that be necessary?

How long will the presumption of borrower guilt and obligation persist in the face of constant fraudulent tactics and strategies to cheat regular people like you and me out of as much money as  possible? If the situation is as clear-cut as they want us to believe, why all the lying?

The plain fact is that the pretender lenders can’t prove their case when they are called upon to do so. They can’t prove it because they don’t have a case. Nobody in any of these securitized loan cases, has ever stepped forward and proven that they are a creditor to whom the money is owed. In every case where the foreclosure was allowed to proceed it was based upon presumptions that the pretender lender was less likely to be lying about the situation than the apparent debtor. What if that just isn’t true?