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sf

Re: Bizreader post# 241552

Friday, 10/15/2010 12:13:53 AM

Friday, October 15, 2010 12:13:53 AM

Post# of 730575
i am in no way talking about the pumping of real estate prices. i did not say anything of the sort in my reply. i am talking about the orchestration of the "foreclosure" crisis generated by jpm. you cannot call this a clerical error! they blame, blame, blame, and they take the steps THEY need to cover their "ass" ets. this crisis now could take housing prices down further because of uncertainty in the market. there is no barometer for comparibles in the market. this is not only going to affect foreclosures but people who are doing well and hope to sell their homes for a profit. all will be devalued and banks will require more down to get a loans approved. how could they rightfully process a mortgage if they dont know what the property is truly worth? they cant. talk about halt this is a halt of massive proportions. and as far a jpm is involved. it is truly impossible to foreclose on something you havent bought. they are not only holding home sellers and buyers hostage but will try to pin this on the title insurance companies for not doing due diligence in researching a "clean title." how better to deflect obligations than to pass the buck onto a third party. jpm is not the noteholder on these wamu mortgages and they cant foreclose period. title insurance companies could go under because of jpm's actions. jpm is just biding time to keep as much money on there books for as long as possible.
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