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Phillips v US Bank N.a. Sup Ct Carroll Cty Ga

Phillips v US Bank N.a. Sup Ct Carroll Cty Ga

Ratings: (0)|Views: 13 |Likes:
Published by T. Anthony Webster
This is legit & the judge nails it (it is authentic, the GA Bar lists him as active)... telling folks to stop making payments or re-fax over and over 'lost' documents or trial mods that never work out. They're creating manufactured foreclosures to push people into default for a reason. The servicer has no fiduciary responsibility to the homeowner or the investor. They are crooks!

They were given taxpayer money and signed SPA (service participation agreements) that committed the institutions to modify loans for consumers... but as you would suspect, they took the money and said that they 'tried' to help. Which was BS of course.

No unlike the great olive oil scandal or the west Texas oil well scams, when you book sales of an investment at over 900% of the amount of assets your are holding you have to make sure the plan fails... because you cannot possibly begin to pay off all the investors if it were to succeed.

BEAR STEARNS/EMC is JPM's company... you know, the same company that was processing Madoff's $900Billion but didn't bother to screen the activity on it (Madoff's account). Also the same company that told John Corzine to raid MF Global's clients investment accounts. Hmmm

http://videos.mitrasites.com/bear-stearns.html

http://tawebster.wordpress.com/2010/11/22/what-is-jp-morgan-chase/
This is legit & the judge nails it (it is authentic, the GA Bar lists him as active)... telling folks to stop making payments or re-fax over and over 'lost' documents or trial mods that never work out. They're creating manufactured foreclosures to push people into default for a reason. The servicer has no fiduciary responsibility to the homeowner or the investor. They are crooks!

They were given taxpayer money and signed SPA (service participation agreements) that committed the institutions to modify loans for consumers... but as you would suspect, they took the money and said that they 'tried' to help. Which was BS of course.

No unlike the great olive oil scandal or the west Texas oil well scams, when you book sales of an investment at over 900% of the amount of assets your are holding you have to make sure the plan fails... because you cannot possibly begin to pay off all the investors if it were to succeed.

BEAR STEARNS/EMC is JPM's company... you know, the same company that was processing Madoff's $900Billion but didn't bother to screen the activity on it (Madoff's account). Also the same company that told John Corzine to raid MF Global's clients investment accounts. Hmmm

http://videos.mitrasites.com/bear-stearns.html

http://tawebster.wordpress.com/2010/11/22/what-is-jp-morgan-chase/

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Published by: T. Anthony Webster on Feb 10, 2012
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02/10/2012

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In
TheSuperiorCourtofCarrollCountyOtisWaynePhillipsStateofGeorgiaVsU.S.Bank,NAOrderDenyingDefendant'sMotiontoDismissSometimes,onlythecourtsoflawstandtoprotectthetaxpayer.Somewhere,someonehastostandup.Well,sometimesisnow,andtheplaceistheGreatStateofGeorgia.Thedefendant'smotiontodismissisherebydenied.Thecourtfindsthefollowingtobethefactsandlawapplicabletothis
motion:
1.-OtisPhillipsisbehindonhishousepayments.andisingravedangerofforeclosure.-TheUnitedStatesGovernmentpaidtaxpayerdollarstothelargestofourfinancialinstitutions,andtotheEuropeanUnionBanks,inordertoprop
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upthosepoorlyrunorganizations.
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-TwentyBillionofthosedollarswerehandedovertothedefendant,U.S.Bank.-U.S.BankagreedtoparticipateintheU.S.Government'sRAMPprogramtohelpstrugglinghomeowners.-U.S.BanksignedaServiceParticipationAgreement(SPA),inwhichthebailedoutbankagreedtocomplywiththeRAMPGuidelinesforloanmodification.-TheHAMPguidelinesrequireU.S.Banktoperformmodificationservicesforallmortgageloansitservices.-OtisPhillipsappliedtomodifyhismortgagewithU.S.Bank.
-u.
S.Bankdeniedtherequest,withoutnumbers,figures,orexplanation,reasoning,comparisontotheguidelines,oranything.U.S.Bankwouldnotrevealto
Mr.
Phillipshowhisincome,orhishouse,orhisexpenseswouldmakehimineligibleaccordingtoRAMPguidelines.(ThiscourtcannotimaginewhyU.S.BankwillnotmakeknowntoMr.Phillips,ataxpayer,howhisnumbersputhimoutsidethefederalguidelinestoreceivealoanmodification.Taking$20BillionoftaxpayermoneywasnoproblemforU.S.Bank,Acynicaljudgemightbelievethatthisentiremotiontodismissisadesperateattempttoavoidthediscoveryperiod,
 
whereU.S.BankwouldhavetotellMr.Phillipshowhisfinancialsituationdidnotqualifyhimforamodification.Or,perhapshe
!!as
qualified,yetdidn'treceivethemodification,inviolationofU.
S.
Bank'sServiceParticipation
Agreement
(SPA).
A
cynicaljudgemightthinkthat,iftheguidelinesclearlypreventedMr.Phillips
from
gettinghismodification,thenU.S.Bankwouldhavetrottedoutthatfact
in
mathematicequations,piecharts,andbargraphs,allon8
by
10glossyphotopaper,withcirclesandarrowsandparagraphsonthebackexplainingeachwinningnumber.
1
U.S.Bank'ssilenceonthisissuemightheightenthesuspicionsofsuchacynicaljurist.I,ontheotherhand,amsurethatnothingofthesortcouldbetrue.MaybeU.S.Banknolongerhasanyofthe$20billiondollarsleft,andsotheirlackofwrittenexplanationmightbeattributedtosomekindof
ink
reductionprogramtosavemoney.I'msurethereisaperfectlyreasonableexplanationforwhytheU.S.BankwillnotprintouttheONEpageoffiguresthatshowMr.Phillip'sfinancialscomparedtotheRAMPguidelinestoclearallthisup.)
I
ApologiestoArloGuthrie,AHce'sRestaurant
3

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