If you are in Parallel Foreclosure / HAMP Hell, Keith Olbermann helped put you there.

I was an accidental tourist of MSNBC in 2008 when I was injured and had to keep my foot elevated for 10 straight days in early February. Somewhere in the middle of those 10 days with an elevated foot, I went from being a Keith Olbermann / Barack Obama fan, to an angry democrat who could not believe how the media had mistreated Hillary Clinton.

If you have been harmed by HAMP IN ANY WAY, IT IS BECAUSE OF KEITH OLBERMANN AND MSNBC'S completely biased support for Barack Obama over Hillary Clinton. You would have gotten a fairer shake if Hillary Clinton had been elected president than what we have ended up with.

If you have tears for Keith Olbermann's firing, it should be because it was not done 3 years sooner, and your tears should be reserved for the foreclosed who lost way more under a Barack Obama presidency than they would have lost under a Hillary Clinton presidency.

Remember, Barack Obama has openly bragged about HAMP, defended parallel foreclosure, and even said that even if you had been accepted for HAMP, you were probably going to be foreclosed upon anyways.

Olbermann may have been fired from MSNBC, but it was several years too late to undo damage that should never have happened.

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How the Government flip flops on Parallel Foreclosure and Dual Track Foreclosures while taxpayers wait to apply for HAMP.

As you can see from the above headlines, parts of the government, including Barack Obama and the White House inner circle, are for the ILLEGAL use of taxpayer funds to initiate parallel foreclosure (aka dual track) proceedings against homeowners who are WAITING to apply for HAMP.

Meanwhile, some other parts of government are for doing the legal thing.

JUST WAITING TO APPLY FOR HAMP homeowners suffer the indignity of a reduction in their credit rating, and the initiation of foreclosure proceedings on their homes.

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Washington Post Article, "Now we're supposed to believe that Investors are on the side of the HomeOwners"?

I have some empathy for REinvestors who invested in bank created securitization programs. But reinvestors are being called investors, and this has to stop. The Washington Post just perpetrated this falsehood in an article about alleged "investors" wanting to align with homeowners.

During 2007, I recall reading that stock market analysts were big on non hardware based businesses. It became tough being a hardware based company that actually made things that people would be able to use for several years because once the hardware was purchased, the chance to make after purchase related sales was not as likely as if a company was selling selling software.

So I find it insulting, misleading, deceitful, opportunistic, and possibly fraud, when I hear those who didn't invest in the brick and mortar construction of homes, as "investors". They are RE-INVESTORS and they should hold no sway over a home owner attempting to re-finance their home and banks should not be using these reinvestors as a reason to deny a re-fi.

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The Term "Investors" is a Fraudulent term when used to describing investments in securitizations, Securitization Investors are REINVESTORS.

It just dawned on me that using the word "investor" to describe an after the fact investor is fraud.

The original investor in a home encompasses the entities that put the money up to BUILD the home. The investors that put money into securitization of the homes HAD NOTHING TO DO WITH THE BUILDING OF THE HOME. They are simply trying to find stable income for their pension funds and such, but they are not investors.

After the fact investors is a fraudulent term used to give banks an excuse as to why their hands are tied when it comes to re-financing a home. After the fact investors are REINVESTORS of an already existing product.

Securitization "investors" is a scandalous use of the word investor. There is only one group of investors when it comes to building a home. Once the home is built, banks and realtors find home buyers and the banks agree to pay the original investor and hold onto the mortgage until the homeowner pays the bank back.

Investors who are brought in via securitization are not investors, they are RE INVESTING in an existing commodity. Calling Re Investors, Investors, is heinous in my opinion because it stinks of what is wrong with wall street, people who don't make anything taking credit for those who DO make things.

Securitization REinvestors should not have rights that reduce the homeowners rights to refinance their home. Nor should a securitized home in any way have a change in terms that reduces the options of the homeowner in any way.

Pension Fund Managers asking Banks to change their dishonest ways in regards to Mortgage Practices such as Parallel Foreclosure.

This is really an amazing story from Bloomberg news about Pension fund managers wanting the banksters to be more truthful. Pension fund managers are asking Banks to change their ways and come up with a better plan regarding foreclosures!

I believe the Bloomberg article is ANOTHER example of Parallel Foreclosure practices that the pension fund managers are complaining about. The foreclosure complaints that used to be about robo signing are now EXPANDING to other area of banking practices, such as parallel foreclosure. Once again, the phrase "Parallel Foreclosure" is nowhere to be found.

Other than Barack Obama, there really aren't too many people supporting the banks these days.

"Hey banksters, in 2012 just remember who stayed in your corner even when everyone else abandoned ship, your buddy, always..."

-Barack Obama.

Cleveland area Judge is a Victim of Parallel Foreclosure and doesn't even know it.

I feel badly for parallel foreclosure victims in the United States. I don't think it's a conspiracy to not use the phrase, "parallel foreclosure" when it is parallel foreclosure that is the process by which homeowners are unfairly losing their home to the banksters.

However, the lack of awareness that comes with not knowing about parallel foreclosure is really harming any chance of unification among the one million homeowners who have been victimized by parallel foreclosure.

So when Cuyahoga county Juvenile Judge Peter Sikora faces foreclosure on his lakefront home, if he only knew about Parallel Foreclosure he could raise awareness and solidarity across the country with all of those foreclosure victims who have experienced the exact same scenario.

If Judge Siroka knew about Parallel Foreclosure he could then make the statement, "I believe myself and a million other homeowners have been victimized by parallel foreclosure practices that fly in the face of ethical banking conduct."

The U.S. Government may be using HAMP to swindle homeowners out of their homes.

(This article first appeared on another of my blogs called My Third Party, but it also belongs here on Parallel Foreclosure dot com as well).

The above youtube commercial for HAMP may be an example of a violation of the Federal Hobbs Act, the extortion clause. The U.S. government has set up a TAXPAYER FUNDED program called Home Affordable Mortgage Protection (HAMP) that PENALIZES taxpayers before they can even become eligible to apply for HAMP.

Before a homeowner is eligible to apply for HAMP, they must first fall 2-4 mortgage payments behind. At this point, Parallel Foreclosure has already commenced in which foreclosure paperwork is BEING PREPARED even before the homeowner is eligible to apply for HAMP.

But it's worse than that.

Once the HAMP application is filled out, the HAMP applicants credit score is ambushed and lowered. BEFORE the HAMP applicant has even finished the initial set of trial payments, the banksters are processing foreclosure paperwork on the homeowner's home and the homeowners credit rating has been trashed as well.

But it's worse than that.

The reduced payments offered to the homeowner during the HAMP trial period suddenly become a mirage and revert back to the regular payment amount if HAMP is denied. The homeowner is also retroactively penalized and must pay the difference between the original mortgage amount and the HAMP amount for every month they were on the HAMP trial!

But it's worse than that.

The desire by the mortgage servicers to deny HAMP looms in the background because the mortgage servicers get to assess penalties and fees for ALL of the reduced HAMP trial payment months, and the servicers get paid first once the home is repossessed and resold.

But it's worse than that.

Fees are also assessed against the foreclosed upon homeowner related to the RE-SELLING of the foreclosed home!

But it's worse than that.

The homeowners faith in the HAMP program ultimately leads to having less options and less time available to figure out what to do if they are incapacitated by a HAMP denial. You see, the banks have been accused of losing paperwork, forcing homeowners to file and refile and refile the same paperwork, then having to start over if they don't fit the filing with a very specific time frame.

A sadist could not design a more criminal program, and the commercial above tops it all off.

Even judges who are being foreclosed upon don't know what parallel foreclosure is!

So, who will stop this madness? The dumbocrats, who just want to keep their congressional seat and will just go along with the White House?

The Republicants? Well, not the republicants that never met a bankster they did not like and who are willing to trade social security for more military expenditures.

Ralph Nader? I think Ralph Nader is afraid.

That leaves third party political parties. Nope, the temptation to use HAMP to promote one's own party's values will be difficult to overcome.

A consortium of third party political parties, could they band together and make noise about HAMP???? (you tell me).

This probably leaves the 50 attorney's generals as the best choice to stop this nonsense and prosecute the offenders.

Can't third party political parties just "get along" and make a difference before main street is completely decimated?

HAMP applicants are Parallel Foreclosure Victims. Homeowners can fight back here and at Swarm The Banks.

It has taken me a few months of google research to first discover a pretty decent list of blogs, authors and news services that are reporting about mortgage servicing, foreclosure scandals, wall street, and politicians' responses, and then list them at Swarm the Banks.

If you have the time, make it a point to visit Swarm the Banks twice a day and look for articles that may be worth responding to. I am only one person, and even though I comment on several different different foreclosure articles everyday, I am still only one person. Plus, I don't get paid and at some point the time I spend on all my blogs may be reduced as I replace my time with work that actually pays.

It is the combination of several dozen bloggers relying on their own instincts who write articles that are raising awareness about the ills of HAMP, securitization, scandalous bankster bonuses, proposed legislation both good and bad, out of control debt, and unfair foreclosure stories that we all can support by commenting from time to time.

If you discover a really good article that you support, but has no responses to it, consider being the one to support the content by writing a comment.

If there were several dozen more people responding every day to articles they find through Swarm The Banks; making intelligent observations, sharing their own personal stories, sharing their favorite links about the foreclosure issue, or simply agreeing with someone else and actually putting it in writing, we could see more and more support begin to materialize for homeowners who were victimized by Parallel Foreclosure before they could even apply for HAMP, Robo signing, predatory loans, change in terms, and other issues as well.

Thanks!

Legal Protections for America's Military: The Servicemembers' Civil Relief Act - Free Legal Information - Nolo

Legal Protections for America's Military: The Servicemembers' Civil Relief Act - Free Legal Information - Nolo

I am not in the military but I can't think of a more egregious act our banksters could do then foreclose or cause a military family to go into bankruptcy because of credit card debt while a family member is serving in the military.

Military personnel probably know they are protected in certain circumstances from foreclosure and they probably already know they can also get a credit card debt interest rate reduction to 6% if the debt occurred before going into the military.

You can learn more at Military dot com benefits legal SCRA overview.

High Interest Rate Consumer Credit Card Debt has helped destroy the economy and peoples chances for keeping their homes.

Programs like HAMP that cause parallel foreclosure to occur would be less sought after if the banksters offered low interest rate credit card pay down debt incentive programs.

The hidden fraud within the U.S. economy is the percentage of consumer credit card debt versus consumer asset destruction that has occurred over the past several years. Just a few years ago, there were millions upon millions of credit card debtors who also had a lot of built up home equity in their homes.

If U.S. consumers recently lost 30-50% of their personal wealth, while consumer credit card debt has remained steady at just under 1 trillion, you can see that the ratio of credit card debt to personal wealth HAS GONE UP BY a significant amount in just the past few years, even though consumers have not increased their credit card debts!

So lets add it all up, employment is harder to come by, jobs pay less, less value in home, loss of value in 401K's, and higher credit card debt at predatory interest rates that cannot be easily paid down. Credit Card Debt is becoming a perpetual anchor dragging down those who are just trying to tread water.

How can HAMP work if people can't pay down their credit card debt when consumer credit card debt is now TWICE AS BIG a ratio of debt to personal wealth? How about a new kind of debt reduction credit card to help consumers pay down their credit card debt.

Introducing the AlexLOGIC consumer credit paydown card! A 2.9% interest rate on existing credit card debt. 2.5% monthly minimum payment, 40% of what you pay down each month can be used for new purchases. Your AlexLOGIC card naturally reduces its credit line each month while also crediting you back 40% of the principle that you paid off to respend if necessary.

However, the consumer cannot be running up more bills on other credit cards, that is the key, so a consumer would have to convert all of their credit card debt to an AlexLOGIC credit card and than not have any other cards.

What I just described above does not exist. But if it did exist, and millions started paying down their debt in the manner described above, I believe the economy would start to stabilize.

The Subprime Shakeout: MBIA Sampling Order Signals Shorter Path to RMBS Putbacks - A small percentage of cases will represent all the cases.

The Subprime Shakeout: MBIA Sampling Order Signals Shorter Path to RMBS Putbacks

Interesting article above to learn a bit about securitization.

I am of the position that once there is a change in terms to the original mortgage note, the homeowner has to approve. So when these mortgage notes kept changing hands because of securitization, they were violating the homeowners rights by changing terms.

This seems like a big deal. Might it be possible for the almost one million parallel foreclosure victims to file a nationwide class action lawsuit and by using a reasonable percentage of cases, those cases could be used to represent everybody?

I am totally guessing here, but if a percentage of damages can be assessed, then all homeowners could get varying awards based on the percentage of damage. Actually, this may not work because some homeowners put down larger down payments, and other homeowners had significant equity.

Homeowners would have to be lumped into various groups, minus equity, zero equity, plus equity, plus how much of a down payment they made, before a percentage of damage could be calculated.

From Felix Salmon, "Vindictive Servicer of the Day" goes to ING Direct.

Kudos to Felix Salmon for reminding americans what they are up against.

It seems to me that we will need to "bank together" because Wall Street and their international friends seem to care more about taking our property away from us then working with us.

Courthouse News Service - Class Action Lawsuit against Bank of America smells of Parallel Foreclosure.

Courthouse News Service - Class Action Lawsuit against Bank of America Smells of Parallel Foreclosure.

Very interesting read at Courthouse News Service about the latest class action lawsuit against Bank of America and their handling of HAMP.

Is Bank of America afraid of the phrase "Parallel Foreclosure" landing in the public eye?

A short while back I wrote an article about how this blog, Parallel Foreclosure, came to be. In that article I mentioned that I was concerned that the banks might want to buy the domain name parallel foreclosure dot com and bury it. So I bought the domain name parallel foreclosure to make sure the banks did not.

I'll have to believe it was just coincidence, but just a few short weeks after I wrote that article and Bank of America is in the news because they are BUYING UP DOMAIN NAMES left and right. Bank of American is concerned that wikileaks and founder Julian Assange may release internal Bank of America documents that will make both Bank of America and BOA president Patrick Moynihan look bad.

So my instincts about buying the domain name parallel foreclosure (and a few variations) was right on. I will be real surprised if besides Bank of America, that Chase Bank comes out of the alleged impending bank leaks unscathed, I guess we'll find out in a few short weeks.

Amazingly, even though Phoenix, Arizona reporter Sarah Buduson exposed parallel foreclosure over a year ago, NOBODY from the media is calling the practice of parallel foreclosure, parallel foreclosure.

Buduson's broadcast report exposed Chase Bank's foreclosing on a homeowner who had already successfully completed a home loan modification. Buduson may have been the first to correctly coin the phrase "Parallel Foreclosure" in that report.

I've literally been put into the position where to effectively continue my lobbying efforts on behalf of possibly a MILLION homeowners who were victims of parallel foreclosure, I would not only need to find a generous advertiser, but one that would actually assist these one million homeowners in a parallel foreclosure class action lawsuit.

Anything less than a parallel foreclosure class action lawsuit would be a fail in my book.

This of course may lead to me being accused of just trying to make money. It's kind of amazing how the work I have already done on this blog in the past year, all for free, has not resulted in even ONE network news reporter using the phrase parallel foreclosure since Sarah Buduson first used the phrase Parallel Foreclosure in the fall of 2009.

Both Bank of America and Chase Bank have admitted to practicing parallel foreclosure, and it appears that the attorneys generals and some judges are now frowning on the practice of parallel foreclosure, even though nobody from the broadcast media using the phrase, parallel foreclosure. Gasp.

It is my assertion that if a too big to fail law firm started a parallel foreclosure class action lawsuit, and sent me daily news updates, we could begin to reach untold thousands of victims and give them hope that they might get some retribution for what they were put through by the banks.

I further believe that any homeowner who becomes part of a parallel foreclosure class action lawsuit and wins, SHOULD NOT sign away their rights to sue the banks on other grounds as well.

It is my opinion that a homeowner can be a victim of parallel foreclosure, while also being a victim of a predatory loan. Ironically, a predatory loan and or a subprime loan may have increased the chance of a parallel foreclosure and may have actually HASTENED parallel foreclosure into occurring!

Therefore it is my opinion that if a homeowner were to sign up for a parallel foreclosure class action lawsuit, they could still sue (if applicable) for being a victim of a predatory loan, robo signing, and a change in terms to their mortgage note without the homeowners expressed, written consent.

I am concerned that the attorneys generals from all 50 states may try to expedite a solution that disqualifies homeowners from being part of multiple foreclosure class action lawsuits.

In general I am actually not a fan of enrichment through litigation. But in the case of homeowners being ripped from their homes because of greedy banking practices that not only hurt american homeowners, but have also appeared to dictate political races as well, than I am for class action lawsuits to help stop these practices in the future.

Another Family Victimized by Parallel Foreclosure after making all of their Home Mod payments for a YEAR!

HO HO HO, Bank of America says Merry ExitMas. Family pays their home modifications payments for a year, on time, then is told they will be foreclosed upon on Dec. 26, 2010.

How's that "No foreclosures during the Christmas season" working out for you, banksters?

This is ANOTHER example of Parallel Foreclosure. Even as Mike and Mary Boehm, and family made all of their home loan mod payments on time, they were being foreclosed upon by Bank of America anyways, that is called Parallel Foreclosure, and its also Bait and Switch in my opinion.

Hat tip to Swarm the Banks and Foreclosure Blues for curating and scraping this story so parallel foreclosure could more easily find it and bring it to you.