Perry Laspina was in
the middle of foreclosure with the possibility of losing the house he owned in Jacksonville. Then the mail came one day in late January telling him that the house was his.
Despite the $72,000 mortgage that he barely paid anything on, despite the foreclosure ... the house was his.
In the middle of foreclosures gone wild, of a system overloaded by sheer volume, judicial investigations and allegations of corners cut, Laspina ended up with the house.
Despite the fact that he didn't have an attorney in the foreclosure proceedings, the mortgage holder simply gave up and walked away.
"I've never seen anything like this in my life," he said.
It's a tale populated with many of the major players in the national foreclosure drama: The law firm of David Stern, the Mortgage Electronic Registration Systems (better known as MERS) and a mortgage packaged with others and sold into a securitized trust.
Read more at Jacksonville.com: http://jacksonville.com/business/2011-04-10/story/bank-gives...
I have known Perry for 30 + years. He intends on selling the house and giving a percentage of the proceeds to habitat for humanity. Perry suffers from terminal honesty. He does deal in used cars but they are all specialty used cars i.e. old muscle cars, rare cars and the like. He does not sell cars to the general public. He sells to collectors. In his mind they are used. Perry is trying to start a movement. Perry feels the banks are responsible for the mess we are all in. Perry thinks we should all stop making payments due to the fact the banks have been made whole. We as a society have already shouldered the burden for the banks free for all profiteering. A mans home is his castle. The subject is not flipping the subject is do the banks have a legal right to your home. The banks have in most instances have no paper work to justify their claims. Please write me at boonununu@yahoo.co
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