Chain of Title

How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud

De: David Dayen

Narrado por: Kaleo Griffith

In the depths of the Great Recession, a cancer nurse, a car dealership worker, and an insurance fraud specialist helped uncover the largest consumer crime in American history - a scandal that implicated dozens of major executives on Wall Street. They called it foreclosure fraud: Millions of families were kicked out of their homes based on false evidence by mortgage companies that had no legal right to foreclose.

Lisa Epstein, Michael Redman, and Lynn Szymoniak did not work in government or law enforcement. They had no history of anticorporate activism. Instead they were all foreclosure victims, and while struggling with their shame and isolation they committed a revolutionary act: closely reading their mortgage documents, discovering the deceit behind them, and building a movement to expose it.

Fiscal Times columnist David Dayen recounts how these ordinary Floridians challenged the most powerful institutions in America armed only with the truth - and for a brief moment, they brought the corrupt financial industry to its knees.

©2016 David Dayen (P)2016 Audible, Inc.

Totally Unbelievable, Except It Happened

Any additional comments?

I was captured by the stories told and amazed and saddened by how broken the systems are that are supposed to prevent all of this and get justice for those that suffer through these crimes. The book has places that list a lot of legal type details that did drone on in this audio version - I would likely have skipped over those details if I was reading this book. I will say that I have gone back and reviewed my own mortgage documents.

Still relevant information!

This is a book every person in America should read or listen to! It’s highly detailed and a lot to digest at times but I found it quite riveting! I’m absolutely gobsmacked that the banking system industry in collusion with the courts and the federal government committed such blatant fraud against American homeowners! Unfortunately, the banks have never really paid for the foreclosure fraud they committed and the courts still tend to side with them! This information is priceless! Make sure your kids read it! With the current administration intent on dismantling the consumer protection bureau, I can only surmise that the banks and the servicing industry could possibly continue this type of fraud. If you get a foreclosure notice please do your due diligence and don’t panic! If the chain of title can’t be proven you can fight it! Read/listen to this book and get a good attorney!!! Banks use/used robo-signers and document mills and fake affidavits and fake notaries! It just goes on and on! I feel so sorry for the homeowners who lost their homes in the crisis and those who committed suicide over it! Good luck and please be careful in your home buying!

Thank you

The Truth is always the best Entertainment. Heartbreak is sometimes just down the block. There but for the Grace of God shall go I.

important book

There are a lot of details and it's a sad story about where our bankocracy is at. This book is important if you want to understand the aftermath of the 2008 meltdown. Obama could have easily stopped this but he didn't. The Democratic party need look no further than this to understand why they are losing at all levels of government.

Infuriating Account

I found this to be a fascinating book. David Dayen tells the story of three Florida homeowners as they discover that banks have been lying about signatures. Lisa Epstein, a nurse, learns that the bank foreclosing on her could not prove it had legally obtained the loan. Lisa met Michael Redman, a car salesman, and encouraged him to published an online guide as to how to find information online about who had the loan on their homes. The two of them connected with Lynn Szymoniak, an attorney, who investigated the signature in her own foreclosure action and found one with a date when the signor was actually in State Prison.

The book is well written and meticulously researched. Dayen skillfully narrates a slow reveal of fraud and uses some interesting metaphors. Dayen reveals the mechanics of the foreclosure business in an easy to understand way. The book reads like a fast-paced thriller instead of non-fiction book. I am not an expert in banking/mortgages so I cannot tell if the author is calling mistakes or process weakness fraud or if what he describes is actually deliberate fraud. Because the process was so widespread and there was a cover-up used, my inclination is to agree with the author that it was widespread fraud by the banking industry. If it is the later, why are these big bankers not in jail? This is an excellent book about the collapse of the housing bubble.

The book is fourteen hours long. Kaleo Griffith does an excellent job narrating the book. Griffith is an actor and multi-award-winning audiobook narrator.