bank foreclosure

 

For Immediate Release:            Contact:   Jeff Thigpen June 15, 2011                                   

(336) 451-5300 jthigpe@co.guilford.nc.us

Register of Deeds Jeff Thigpen to Meet President Obama and top Administration Officials in Washington, D.C.

Greensboro,
NC-Guilford County Register of Deeds Jeff Thigpen announced today that
he will travel to Washington, D.C. to join President Barack Obama and
members of his administration at a White House reception honoring Young
Elected Officials on this Friday, June 17th.

"I'm truly
honored to be invited by the President and it will be one of the
highlights of my career as a public servant", said Register of Deeds
Thigpen. "On the other hand, I'm carrying the weight I what I see in the
economy and it's challenging. People are hurting as the housing
industry has been wounded by a culture of quick money that led to the
crash in our economy.  We've got to return to fundamentals that help
working people get back on their feet coupled with an unshakeable
commitment to transparency and fair dealing in our financial services
industry."

Returning to fundamentals are important to
Thigpen because he recently found 4500 potentially fraudulent land
record documents in the Guilford County Register of Deeds as a result of
an internal investigation.  The legal documents were submitted by a
company named Doc X, owned by Lender Processing Services which
contracted with major banks Wells Fargo, Bank of America, and the
Mortgage Electronic Registration Systems (MERS) among others.  They were
signed by a number of "robo-signers" including the name Linda Green
representing a number of banks and mortgage companies that had between
four and fifteen different signature variations and acknowledged before
notaries as authentic. Each of those companies and banks mentioned are
now under investigation.

Register Thigpen initiated his
investigation after former Doc X employees admitted the company's
business practices on national television during a CBS 60 Minutes
segment on the mortgage paperwork mess.  Thigpen sent his own findings
to federal regulator agencies and the 50 State Attorneys' General
Investigation into Foreclosure Fraud in May.

Prior to the
reception, Thigpen will be attending a special policy briefing with
senior White House and Administration officials on topics including
housing, immigration reform, innovation, energy, and job creation.

Jeff Thigpen, 40, was elected to the Guilford County Board of Commissioners at age 27 and is author of the upcoming book, Young Politics profiling young elected leaders 35 and under committed to progressive values.  Young Politics will be published by Polar Bear and Company in Maine and released later this year.

                                                      ###

Speak loud and speak strong Jeff...

 

www.4closureFraud.org

By Adam Levin

The Minority Leader of the U.S. Senate, Mitch McConnell (R-KY) wants to prevent President Obama from appointing Elizabeth Warren, Raj Date (or frankly anyone other than the ghost of Adam Smith or Old Man Potter from “It’s a Wonderful Life”) to be the Director of the newly created Consumer Financial Protection Bureau unless and until Democratic leaders agree to essentially defang the agency and permit Congressional oversight and authorization of its budget. He has convinced 44 of his closest Republican friends in the Senate to go along with him.

The head of the U.S. Chamber of Commerce, you know, the guys who are always looking out for the American consumer, has stated that the CFPB is “the most powerful agency ever created” and pretty much implied that Congress may have to destroy it to save his village. It seems crazy that more than a year after passage of the Dodd-Frank Act that created it, and weeks before it officially opens its doors, the CFPB must continue to justify and defend itself, given the financial FUBAR confronting our nation. However, as long as Sen. McConnell and his colleagues are intent on taking the disruptive course and have a platform to do it, we must continue to point out why there is a very real need for the agency and that efforts to kill it are counter-productive for our country and our economy. So, here we go again.

[Related article: Consumer Protection Fight Erupts Into Allegations of Lying]

This weekend I had the privilege of interviewing Holly Petraeus, the newly appointed head of the Office of Service Member affairs of the CFPB, on my weekly radio show on LA station KFWB (AM 980), about how she intends to protect our military families against those financial predators who profit from the distractions of their deployment and the vulnerabilities of their financial illiteracy. Her mission, while critical to our national defense and our economy, is but one of a number of vitally important tasks charged to the CFPB.

Like Elizabeth Warren, Mrs. Petraeus is a dedicated, brilliant, doggedly-determined consumer advocate who has spent much of her life protecting the men and women who defend our nation. She is 4th-generation military and her husband, General David Petraeus, was the commander of all U.S. forces in Iraq, runs the war in Afghanistan and is about to become the next Director of the CIA. You’d think Senator McConnell and his minions wouldn’t want to mess with her. Unfortunately, the fact that she isn’t a politician and is singularly focused on the demanding job of protecting men and women in uniform from economic vultures is sadly working in the Senator’s favor. She’s so busy protecting people that she doesn’t have time to justify her work protecting people.

[Resource: Get your free Credit Report Card]

The message that seems to be lost on those who oppose the CFPB is that we are in as much of a dogfight on the domestic front as we are with terrorists around the world. We are at war against financial predators and financial illiteracy. And the rules of engagement are as muddy in Maine, New York, Kentucky, Indiana, Montana and California as they are half a world away, because it’s getting harder to distinguish the good guys from the bad guys.

Every day, American consumers, military and civilian alike, are being viciously attacked by those who would take advantage of our lack of financial skills, scam us and steal our identities. Every day, we learn of new abuses by financial institutions (loan modification programs that deceive and destroy, foreclosure mills that have shifted into overdrive again and fee frenzy part two), the breach of the week (SONY, Epsilon, Citibank, Bank of America, the IMF and the U.S. Senate to name a few) and the seeming powerlessness of government to do anything about it (the HAMP Program has been a disaster, the economy is sliding south again and hackers are running wild).

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