BLATANTLY DECEIVED BY CREDIT UNIONS AND A BANK
RE: Diamond Credit Union and Colonial Savings, F.A., 2626 West Freeway, Fort Worth, TX
Diamond Credit Union vs AB and CD
CP; Civil Division; NO. 12-4047 Berks County
Summary Judgment (in rem) Entered on September 16, 2014
A lawsuit in Foreclosure was filed against AB and CD, Berks County, Pennsylvania on March 14, 2012, Court of Common Pleas, Civil Division, Berks County, NO. 12-4047. Plaintiff: DIAMOND CREDIT UNION, 2626 W. Freeway, P.O. Box 2988, Fort Worth, TEXAS 76113 VS Defendants: AB and CD, PA.
The plaintiff in this lawsuit is an entity that does not exist and is not a legal and bona fide business in the state of Texas. This suit should have been dismissed without further fact finding; however, the lawyers who filed the lawsuit on behalf of this entity, that does not exist in Texas, does represent a financial institution registered as Colonial Savings, FA in the state of TEXAS, which is operating a mortgage broker subsidiary under the name CU MEMBERS MORTGAGE, a federally-chartered credit union.
AB and CD were approved for a mortgage with Diamond Credit Union with offices in the state of Pennsylvania only; and, according to the Office of the Comptroller of the Currency (OCC) in Texas, this particular credit union is regulated by the Pennsylvania Department of Banking and the National Credit Union Administration (NCUA). Also, OCC in Texas, on December 19, 2014, states the following with respect to the affiliation of Pennsylvania’s Diamond Credit Union and Colonial Savings, FA in Texas: “Based on our research, we could not find any evidence that the above financial institutions are affiliated.” Furthermore, the National Credit Union Administration (NCUA) in Virginia states that “…….regarding Diamond Credit Union, located in the state Pennsylvania, is a state-chartered credit union. The National Credit Union Administration is the regulatory agency for federally-chartered credit unions.” NCUA informed Michelle and Kenneth that a copy of their letter was being forwarded to the Pennsylvania Department of Banking in Harrisburg, PA.
What disturbs me is that we have financial institutions, in corporate America, collaborating with credit unions (federally and state-chartered), and investors to deceive hardworking Americans and foreclose, repossess, or overcharge for member fees or whatever.
The court system is overwhelmed and these financial institutions know it; and, they manipulate and alter documents whenever and wherever they deem needed and necessary. Sad part, the court will continue with the proceedings and let the next level handle the legality of the facts. This means that the hardworking American does not have deep enough pockets to fight the injustices and these financial institutions pockets get fatter and they become more empowered with overstepping their boundaries. Such as with this case:
Complaint in Foreclosure, Common Pleas Court judge figures somebody has to pay somebody and does not want to be hearing facts, for days, relating to this case; hence, issue a Summary Judgment on behalf of plaintiff, then comes the Sheriff Sale; and then someone, a mystery investor or whoever, will get the property and continue to make money. There is no concern about the family who is worrying about saving their home and who really owns the mortgage/Note or where their payments are really going. Also, with this case, a bogus entity was used and will set a precedent for them to continue this practice. These financial institutions are also saving tons of money by not having to pay court and real estate transfer fees and filings. Furthermore, this is now being done across America; and, with the allowance of ‘electronic filings’ of these very sensitive documents being accepted with the Court’s Department of Records, how will a homeowner really know that they have paid the mortgage off to the rightful mortgage holder?
This Sheriff Sale is being considered legal even though the plaintiff does not exist!!! ISN’T THIS CRAZY!!! This Sheriff Sale can be stopped but this family cannot afford the cost of proving what is right in front of the faces of the judges. And, the attorneys that defend these legal practices cannot say that they had no knowledge of anything in this case!! Homeowners can become aware of what could happen to them down the road, what they may be going through right now, or what may have already happened to them. Maybe you can help us find a way to get this out to the people and uncover this illegal practice.
I think all Americans need to know what is sneaking up on them regarding home mortgages and loans!!
Thank you for taking the time to view this email and I hope to hear from you.
Furthermore, here is what I believe is happening, as with this situation:
My scenario of how Diamond and Colonial are doing business on a “this is how it’s done” basis which AB and CD have been told that “this is how it’s done “.
(1) CD and AB mortgage with Diamond Credit Union
(2) Diamond Credit Union and Colonial Savings are both registered with MERS but has a Non-ETransaction Status
(3) Diamond Credit Union and Colonial Savings have pending investment deals with other investor(s) and listing Diamond Credit Union as both being “Lender/Servicer” at the same address 2626 W Freeway, Fort Worth, TX 76102; and, obviously these investor transactions are pending “Foreclosure”.
(4) Diamond Credit Union must be winner of any pending foreclosure case for deal to be valid. After all, most judges do not want to get that involved with these cases. Both Diamond Credit Union and Colonial Savings, F.A. know and use this to their benefit; and, they have deeper pockets than we do and keep going until we cannot afford it any longer or the expense outweighs the value of the home, for us. Diamond Credit Union and Colonial Savings, F.A. still win.
(5) Diamond Credit Union and Colonial Savings, F.A. then “close deal” with any investor(s).
(6) Diamond Credit Union then can file required documentation for real estate deals in the state of the foreclosure, such as with me and CD, in Berks County, PA. It will appear that they were evicted and Diamond Credit Union resold the property to the new owner(s) without any regard for real estate law requirements before this point for transferring ownership of the Note and Assignment in the state of the foreclosure.
IT ALL APPEARS LEGAL and nothing shows of the avoidance of paying business taxes, transfer taxes, real estate fees and so on.
Too many families have and are still losing their homes because of these dirty handed schemes and actions that they are getting away with.