How Barack Obama has violated the constitution in regards to Parallel Foreclosure and why he should be impeached and removed from office.

Using a hunch of mine, and then researching that hunch in Black's Law Dictionary, 4th edition, by Bryan A. Garner, editor in chief, I found two passages about the Unconstitutional-Conditions doctrine and how it may be applied to Parallel Foreclosure...

Constitutional Law (as to how it may apply to Parallel Foreclosure). 

1. The rule that the government cannot condition a person's receipt of a government benefit on the waiver of a constitutionally protected right (esp, a right under the First Amendment)......   

My interpretation of rule 1 is a bank forcing a homeowner to default on a home mortgage before a bank will either accept or review that homeowner's mortgage  modification application is a clear violation of constitutional law because the default priority allows for the bank to then "parallel foreclose" on that homeowner. 


In essence, the homeowner is "waiving the right" to home ownership in exchange for simply applying for a home mortgage modification.

2. The rule that the government cannot force a defendant to choose between two constitutionally protected rights.

My interpretation of rule number 2 is, Parallel Foreclosure violates a homeowners constitutional right to receive a government benefit by only allowing the benefit after the homeowner has fallen behind on their mortgage and have become in danger of being parallel foreclosed upon by a bank because it BECOMES THE BANK'S CHOICE whether the homeowner loses their home or not!


The homeowner has been forced to give up control over home ownership in exchange for a government sanctioned home mortgage modification.


While the Barack Obama administration may not have officially endorsed Parallel Foreclosure (although they have defended Parallel Foreclosure as being legal in front of Congress!), they know parallel foreclosure is going on and have actually sanctioned it as being legal. 


When the Obama administration does not repudiate parallel foreclosure and instead continues to create government backed home mortgage modification programs that allow for parallel foreclosure actions by the banks who then receive funds from the government for such programs, the Obama administration is complicit in the over one million homeowners victimized by parallel foreclosure.


What is Parallel Foreclosure? 
Parallel Foreclosure is a bank approved methodology in which banks only grant government sponsored mortgage modification funds to homeowners who are first required to default on their home mortgage monthly payment before their mortgage modification application is reviewed.


Thus, once the homeowner has defaulted per the bank's preference (otherwise the bank will basically ignore the home modification request), the bank believes they can begin parallel foreclosure actions while continuing to deceive the homeowner by "processing" their home modification application. 


In essence, the bank has taken ownership away from the homeowner and instead will do what they think is best for the bank, not the homeowner, clear violation of both constitutional points made at the top of this article.

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Sixty Minutes explains Credit Default Swaps, a leading cause of parallel foreclosures.

Parallel Foreclosures are probably caused by credit default swaps in which wall street makes money when homeowners are foreclosed upon. The 60 minutes credit default swaps video came out just before the 2008 presidential election. 


Barack Obama responded by hiring several wall street insiders to key financial positions within his own administration.

Credit Default Swaps are a big reason why banks have not been motivated to work with distressed homeowners. The U.S. government should be backing home mortgages, not wall street.

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Was it all a Dream? Apparently no homeowners were forced to default before they could apply for HAMP. If you disagree, please TELL THIS BLOG YOUR STORY in the comments section of this article. Thank you.

A very big government scandal appears to be brewing. Apparently no one who has applied for HAMP was forced to default on their mortgage payments before they could even be eligible to APPLY for HAMP! 


If you are a homeowner and the above statement is not true based on your own experience, please explain what happened to you in the comments section of this article.



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Breaking News! Wells Fargo Parallel Forecloses on homeowner after refusing their timely mortgage payments on an approved HARP, then resells their home!

The foreclosing on a HARP compliant homeowner should be against the law. Until that is the case, it is up to anyone reading this article to sign the petition at Change dot org protesting Wells Fargo's anti homeowner actions.


You can learn more at HSI Trust.

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Parallel Foreclosure breaks Returning Army Veterans being foreclosed upon 3 weeks before the national media.

I post to a dozen different watchdog blogs, my blogs. Nobody pays me. There is no advertising revenue. So when I report on this blog on January 2nd, 2011 that military personnel should be protected against banking foreclosure shenanigans while on duty and that they are guaranteed 6% maximum on their credit card interest rates, and the New York Times and NBC run stories THREE WEEKS LATER about military personnel who return from war to have lost their homes to an illegal foreclosure, I do wonder if my blogs were reviewed, but credit denied.


Anyways, I'm happy this story about military vet foreclosure ran nationally, but how about some credit for a forgotten blogger (me) that posted a pre-emptive article three weeks earlier? It's the ethical thing to do, no?


Here is the three minute video that was also created about the above story regarding War Vet James Hurley. Again, several weeks after my articl first ran.

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Why Parallel Foreclosures Exist.

Sometimes when researching foreclosures, banks, and their strange behavior, we can get caught in the trap of of going AHA!, banks stink because they do X, Y and Z against their customers.


What if we could further condense the AHA's into one bold, streamlined sentence? Would simplifying and condensing the message make it easier to fight back against the banks? I think so.


The reason parallel foreclosures exist is because banks first require a default before they will restructure a debt. Since a default is required before any change can occur to an existing financial agreement, the banks may actually believe they are doing us a favor when they perform a parallel foreclosure on your home.


Gasp.


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At Chase Bank, Top Ranks such as David Lowman get a Big Shake-up, reports the New York Times.

I recall a protestor calling David Lowman a liar at the Nov. 16, 2010 congressional hearings last year. The protestor was then led out in handcuffs from the hearing, now David Lowman has been replaced, reports the New York Times.

However, these executives appear to be getting cushy new jobs within Chase Bank, just with less responsibility and visibility.

Adam Levitin spoke just before Mr. Lowman and Diane Thompson spoke just after Mr. Lowman.

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California Residential Foreclosure Law "Dual Tracking" - Avvo.com

California Residential Foreclosure Law "Dual Tracking" - Avvo.com

Parallel Foreclosure, let me introduce you to Dual Tracking. Dual Tracking, let me introduce you to Parallel Foreclosure. (See link above for more about this match made in hell).

Republican Politicians tend to vote en masse against outlawing dual tracking and Parallel Foreclosure banking practices, but the Democratic politicians tend to pander to promising the most voters the most things in exchange for their vote.

Gasp.

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Jack Johnson pleads guilty to Federal Hobbs Act Violation, taking property under the color of right.

CLICK HERE TO GO TO HEADLINE ARTICLE ABOVE.

There should probably be dozen upon dozens of federal officials being charged with Federal Hobbs Act Violations, also known as federal officials using extortion to take property under the color of right.

I think HAMP was a Federal Hobbs act violation as well because it HAMP used taxpayer funds to lure taxpayers into behavior that actually accelerated the loss of their own homes and the reduction of their own credit rating and it too was done under the color of right as well.

Read more about Jack Johnson Pleads Guilty to Extortion, Tampering here.

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Consumer Financial Protection Agency and Elizabeth Warren under Attack from the Wall Street Journal.

Credit Slips' Adam Levitan has written an explosive piece about the Wall Street Journal's attempt to undermine Elizabeth Warren and the Consumer Financial Protection Agency.

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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.