CBS “60 Minutes” airs mortgage foreclosure story – “absolute, intentional fraud!”

"The Next Housing Shock"

On Sunday, April 3, 2011, “60 Minutes” featured an investigative story on foreclosure fraud, “Mortgage paperwork mess: the next housing shock?” Click on the image at right  to watch the story.

I urge you to watch this segment very carefully. Even if you’re not at risk of foreclosure, legal title to your home may be blighted beyond repair.

60 Minutes reporter Scott Pelley “explains a bizarre aftershock of the U.S. financial collapse: An epidemic of forged and missing mortgage documents.”

Unfortunately, these “forged and missing” documents come as no shock to those of us who have known for a long time now that these documents DO NOT EXIST, AND HAVE NEVER EXISTED in the first place, hence the widespread fabrication and forgeries widely documented around the country.

It’s absolutely wrong to portray banks as being “unable to find” crucial mortgage documents. After watching the segment, contact your mortgage servicing company and find out whether your mortgage has been bundled and sold. Did you get a clear answer? Did you get a copy of your mortgage paperwork to back it up?

In a previous post, I listed the documents you will need to find out whether or not your bank is the actual holder of your mortgage:

1. A copy of your original Note
2. A copy of your Deed of Trust
3. A copy of any Substitution of Trustee relating to your property, if any.
4. A copy of any Assignments of Deed of Trust, if any.
5. A copy of any Notice of Default, if any, with any attachments.
6. A copy of any Notice of Trustee’s Sale, if any.
7. A copy of any Trustee’s Deed Upon Sale, if any.
8. Any letter or correspondence you have received from your bank or mortgage servicer relating to previous attempts at loan modification.