Just wait until law enforcement finds out they don’t have any pension funds because of the banks’ corruption. When the haircuts hit – and some have already decreased – and they finally understand it’s not the homeowners but really the banks… Don’t doubt for a minute that it won’t ramp up their protection of homeowners.
The California Supreme Court on Thursday ruled unanimously in favor of a fraudulently foreclosed-upon homeowner in a case that should serve as a wake-up call to state and federal prosecutors that mortgage companies continue to use false documents to evict homeowners on a daily basis.
“A homeowner who has been foreclosed on by one with no right to do so has suffered an injurious invasion of his or her legal rights at the foreclosing entity’s hands,” the justices wrote.
But maddeningly, practically nobody in a position of authority has stepped up to prevent those injurious invasions.
The case, Yvanova v. New Century Mortgage Corporation, sends a powerful signal from the nation’s biggest state that the massive false document scandal, first discovered nearly a decade ago, is not over, despite mortgage company promises to the contrary.