SPML/LMC anyone claimed for mis selling and unfair charges?

[I'm the bad guy?]

Sced,

 

can you post up Resetfan Ltd, latest accounts?

 

 

 

 

 

 

Makaveli

in da VoJ

[ryde]

Think the above fine applies to a seperate type of investment than ours and has been going on for some time.

THE 4 IN OUR CASE ARE SOLELY IN THE MORTGAGE LENDING BUSINESS LIKE GMAC SO STILL 4 TO GO,WHEN WHO KNOWS?

[enoughisenough]

This, I'm afraid to say, is all concerning the investors in the mortgage securities.

 

It is obviously a rule of thumb that 6000 (various rich, greedy or corporate/instititutionalised investors) investing in £200 billion worth of securities (secured on your home and mine) on a promise of so designated "copper bottomed gaurantees" should be looked after first, whilst the poor bloody borrower, themselves a far more deserving recipient of the FSA's powers of compliance and recompense get strung out to the last before of course being thrown out into the street.

 

The copper bottomed guarantees were of course a mad joke that got the money flooding in on a tide of naivety, greed and other human frailities. And even those who Tommy Hilfiger like followed the crowd got suckered in, chewed up and spat out. And IN STEPS the FSA to protect the 'vulnerable'. RUBBISH.

 

The injustice is screaming out here.

 

I was always of the understanding that investments may go down or even kaput. I was never of the understanding that you could just make up arrears and throw people onto the streets with all the social carnage that creates.

 

If this was France they'd be burning the fecking barricades. WHERE IS THE FSA's objective 4.?

 

Follow Heather Brooke and put in a Freedom of Information request to the USELESS FSA.

 

Get the FSA to spill their guts bit by bit. And when they do a trickle becomes a flood. That's what she did to our marvellous MPs.

 

And whichever faith she follows, may that faith bless her for having the guts to do so. And if she follows no established faith that is equally fine by me.

 

Heather, please respond...

Edited March 4, 2010 by enoughisenough

[ryde]

Eie

Are You A Mindreader??

[enoughisenough]

Yes and I just woke up, smelled the coffee and read the tea leaves. THE FSA HAVE ABANDONED ALL OF THEIR STATUTORY Responsibilities towards the consumer of these products (at the lower end of the social food chain that is). I know this to be true.

 

1. The Tories are going to win the election and scrap the fsa

2. Who cares anyway... JT, playing away from home, find a paedo lists, dead celebrities, inquiries on Iraq, rubbish weather, world cup, televised debates, gardening shows, failing schools and god knows what else.

3. My palm reader told me so.

[rocket1]

Southern Pacific Mortgage Limited Hides Money From Lehmans Creditors In Charitable Trusts

[enoughisenough]

With the utmost respect rocket you need to concentrate on fighting the repo.

 

I, and others, will gladly give help.

 

But your average District Judge isn't going to give two figs for SPML and their charitable trusts. I apologise if you are yet another recipient of my harsher edges but you have more than yourself to think about so get on with it and do it man.

 

Elicit help from the thread. It's all there. But remember that your average judge is only interested in two things.

 

1. What you owe

2. What you can pay

 

Challenge what is owed and state that the claim is falsely premised

 

Make a realistic assessment of what can be paid month by month. By the way, why the hell haven't you got to the top of why this hasn't been paid already? What on earth is going on at the various agencies. Also as ryde suggested, quite correctly in my view, the precedent on misselling is a very powerful one. However this needs to be part of the tapestry of yourcargument and not the main thrust. In dire straits and need to take urgent action myself. I will nonetheless do all I can to help. Don't expect too much though. Those are the realities.

Edited March 4, 2010 by enoughisenough

[ryde]

Rocket

eie is totally spot on,put the injustice issue to one side temporarily,fight and beat the repo then you live to fight another day.

If you want to be a crusader and you're on one of the stickiest wickets I've seen here cos you have no income towards any arrears and there,s a big shortfall apparently in just the normal mortgage payment: fight the case on the misselling brokerage issue as previously posted.

A victory on these issues would be a leap for all into the stratosphere and a concrete result for all your hard labour up to now.

If you are prepared to raise these issues as a test case and it seems you have more than viable grounds you will be fighting for what you most believe in on the biggest stage of them all and sharing a victory with all who follow which will have real consequences.

So please please please you have to start it now.

We will all help.

IF YOU CAN RAISE A GOOD ARGUMENT ON THESE GROUNDS IT WILL PREVENT THE REPO IN ANY CASE AS IT WILL MOVE ON TO THE NEXT LEVEL: BUT YOU MUST CONFINE IT TO SPECIFICS ABOUT YOUR CURRENT SITUATION..

My own opinion on what you have told us is its your best and probably only hope.

For the umpteenth time you must get the procedural element sorted out by Ell-enn ASAP

PLEASE DON'T BURY YOUR HEAD IN THE INJUSTICE OF IT ALL..

As previously posted this is one of the big issues please read the article.

• You might have extra grounds for a case of mis-selling if your mortgage stretched beyond your retirement date and your adviser did not explore that as an affordability issue.

Edited March 4, 2010 by ryde
utter frustration

[eagleforms]

Excellent advice Ryde, let's hope Rocket takes it on board and sets about concentrating on her own very difficult defence.

[ryde]

Full text of rockets posted link and the important information regarding the latest accounts this needs all original complainants instigated by the original ITBG's intuitive shut em down letter to the appropriate authorities to resubmit their complaints.

The latest accounts are a springboard not an end to bringing these companies down.

There is clear evidence in their own words that lmc and sppl will never submit any accounts so they should be by rights dust.

 

For christ sake after all this don't let them off the hook now.

 

These companies have been forced to submit these accounts solely because of your complaints and at great personal expense.If you add up all the debts they owe each other theyre gone.

 

rockets post

SOUTHERN PACIFIC MORTGAGE LIMITED HIDES MONEY FROM LEHMANS CREDITORS IN CHARITABLE TRUSTS

 

By Boz Southern Pacific Mortgage Limited is a subsidiary of the devious, rather nasty bunch of bankers who were called Lehmans until they went bust recently owing vast sums of money and wrecking the World economy in the process.

Southern Pacific Mortgage Limited, SPML, to all those unfortunate enough to be its victims, is one of those rip-off subprime mortgage lenders that specialise in fleecing borrowers and generally employing trickery to convert other people’s money into their own by any immoral, dishonest and devious means they can get away with.

SPML are still trading here in the UK, apparently. They have two principle activities at present. One seems to be repossessing as many of its borrowers as possible to evict them from their houses and destroy their lives.

The purpose of this is so SPML can get their greedy little hands on as much of those unfortunate householders property as quickly as possible so that SPML can sell it off quick and cheap grab the money and run before someone realises they are part of a bankrupt bunch of thieves and stops them stealing any more money and ruining more people’s lives.

The other main activity of this charmless bunch of financial confidence tricksters is to put all that money they are forcing homeowners to give them by selling their homes and charging extortionate ‘penalty’ fees of one sort or another, into an intricate web of other companies and, wait for it, charitable trusts, to make sure it will be as safe as possible from all those people owed billions by this dishonest bunch of loan sharks.

So, creditors owed money by Lehmans and Lehmans ‘ subsidiary companies will be fresh out – they will not get money that Lehmans subsidiaries have carefully squirreled away beyond the reach of bankruptcy administrators. People owed money by Lehmans will go away empty handed.

Meanwhile, let’s get this right, SPML announce in their annual report ending November 30th 2008 that the company intends to ‘enter into an orderly wind down of its assets and operations and/or seek a disposal of its assets and business’.

Elsewhere in the SPML annual report the company makes clear that mortgages arranged by SPML for its unsuspecting homeowner victims are bundled together, securitised into a ‘derivative’ financial instrument as they laughingly name it, and sold on into a ‘Special Purpose Vehicle’ as SPML describe it ( it just means another separate company that simply holds all those bundled together mortgages as an asset to be further manipulated into a fantasy world of breathtaking deviousness).

Then, guess what ? The SPML annual report proudly announces these Special Purpose Vehicle companies, SPV’s for short in the childish jargon of these idiot ‘Masters of the Universe’, are all ‘legally and beneficially owned by charitable trusts and are included in the financial statements of the company (SPML) on a ‘linked presentation basis’. That is more jargon designed to confuse people into not quite realising SPML have hidden all their money in charitable trusts so it is protected from all the people owned money by Lehmans and its subsidiaries.

Clever stuff, or what ? But is it moral ? Is it honest ? It may (possibly) be legal, but it doesn’t look remotely honest to me.

Actually, I took one look at the weasel like face of Dick Faulds, ex boss of Lehamns and the man that manipulated truth and honestly right out of Lehmans New York Headquarters windows as he steered the World into financial meltdown, and thought he looked completely devious, dishonest, immoral and almost certainly a rotten, nasty person.

Just the sort of person to preside over the setting up of loan shark mortgage lending in the UK and ensuring the fat profits of conversion and theft are carefully placed beyond the reach of honest people into ‘charitable trusts’ for God’s sake.

How can this happen. Where are our UK financial regulators and what the hell do they think they are doing while people like these sub-prime loan shark mortgage lenders like SPML fleece UK homeowners, leaving them destitute and homeless in their thousands.

What is the Financial Service Authority doing about these loan sharks ? What about the the Office of Fair Trading – what are they doing ? What is Parliament doing ?

Why, nothing at all of course. Even the Parliamentary Select Committee that recently produced an excoriating report on sub-prime mortgage loan sharking practices in which they roundly condemn those mortgage lenders such as SPML as social evils, does not seem to have registered on anyone’s radar, anywhere. Nothing is being done.

Something could be done about it. A number of American Federal Governments were so fed up in 2006 with one lender in the USA repossessing so many homes and blighting so many inner cities as the properties were left to become derelict; just rotting away while the homeowners evicted from them camped homeless under plastic in the streets of American cities, that a legal action was brought against that lender by those Federal, governments.

That particular loan sharking mortgage lender was called Ameriquest. Rather than risk going to court this evil lending business caved in and coughed up about $300 million dollars, or sum such fantastic sum. Small change to them to buy off the Town Halls with. So, loan sharking Americquest bought off any possibility of proper justice for all those people whose lives it ruined by evicting them from their homes and then letting those homes become derelict and uninhabitable and even unsalable.

What a rotten World we are now living in.

Edited March 4, 2010 by ryde

[ryde]

If people will actually make the effort to make a further complaint based on the new evidence we have I'll try and formulate a standardised letter but its no point doing it if its gonna be met with apathy .

If they don't take action ,we'll take it to the next level.

I'M NOT GIVING UP AFTER ALL THIS TIME.

What's everyone waiting for Repo day?!

Where's itbg/ LC/JFG ...... comms are all down,

a casualty?

missing....,

presumed repoed in action?

 

Dotty C in C, rouse the troops they've all gone to sleep.

 

Edited March 4, 2010 by ryde

[martdj]

I sent my complaint off to FOS re SPML charges etc, a couple of weeks ago. How long do they normally take to respond

[ZillaK]

Dotty C in C, rouse the troops they've all gone to sleep.

 

 

..watching & waiting..

[ryde]

itbg/LC/JFG

Impossible to pm you, contact info removed and also your shut em down signature ,looks like you,ve been well and truly censored and cagbotted into history.

Where's the site team ,what happened to freedom of speech, its outrageous.

Edited March 4, 2010 by ryde

[ryde]

Our main weapon of mass destruction against the terrorists appears to have been well and truly nobbled.

A mass outcry is required.

itbg/LC/JFG if you can see this, email me direct at ryde97@yahoo.co.uk

and tell me whats occuring.

Edited March 4, 2010 by ryde

[enoughisenough]

Shhh................

 

Can you hear that?

 

You know what that is don't you? It's a round of applause for the site team from Capstone.

 

You (the site team) know full well what is going on here.

 

THIS ISSUE is head above shoulders of ANY and ALL of the other issues discussed on the forums put together.

 

ITBG may have been abrasive and irritating but he caused a bigger breakthrough than the rest of us put together. What's this really about.?

 

Debate all you want but JHC whatever you do don't act on it...

 

Unblock him now (...or like TaffyR has he got too close to the truth and needs to be silenced?)

 

The input was invaluable in getting SPPL struck off and that alone will save thousands from repo at the ever grasping hands of the ****. What are you thinking. He should be given a medal not slung out.

[ryde]

Thanks eie

My sentiments echoed exactly but better put.

Suppose we could well be next,but never mind we'll have to start our own.

Never say die.

Edited March 4, 2010 by ryde

[enoughisenough]

Don't give anyone any ideas...

[ryde]

FREE ITBG

 

LIBERTY FOR THE CAG ONE

Edited March 4, 2010 by ryde

[enoughisenough]

UNBLOCK AND MODERATE

 

The price you pay for this is worth it a thousand times over.

 

Just look at the social carnage wreaked by the ****.

 

Stopping that is worth any amount of hassle one poster can cause.

 

BRING HIM HOME.

[ryde]

Look what happened to Dr David Kelly!!!!!!!!.

The other alternative of course is capstone as they're in charge can cancel all our mortgages then we might think about leaving them alone if they completely mend their ways.

[enoughisenough]

I particularly liked this extract for its clear insight and accurate analysis of the JAWS activities.

 

How could the FSA and OFT possibly even sanction this criminal and fraudulent enterprise? Answers please?

 

Whomsoever you are Boz, well done for a beautifully put precis of what this is all about.

 

Southern Pacific Mortgage Limited is a subsidiary of the devious, rather nasty bunch of bankers who were called Lehmans until they went bust recently owing vast sums of money and wrecking the World economy in the process.

 

Southern Pacific Mortgage Limited, SPML, to all those unfortunate enough to be its victims, is one of those rip-off subprime mortgage lenders that specialise in fleecing borrowers and generally employing trickery to convert other people’s money into their own by any immoral, dishonest and devious means they can get away with.

 

Unlawful means to boot...

 

SPML are still trading here in the UK, apparently. They have two principle activities at present.

 

One seems to be repossessing as many of its borrowers as possible to evict them from their houses and destroy their lives.

 

The purpose of this is so SPML can get their greedy little hands on as much of those unfortunate householders property as quickly as possible so that SPML can sell it off quick and cheap grab the money and run before someone realises they are part of a bankrupt bunch of thieves and stops them stealing any more money and ruining more people’s lives.

 

The other main activity of this charmless bunch of financial confidence tricksters is to put all that money they are forcing homeowners to give them by selling their homes and charging extortionate ‘penalty’ fees of one sort or another, into an intricate web of other companies and, wait for it, charitable trusts, to make sure it will be as safe as possible from all those people owed billions by this dishonest bunch of loan sharks.

 

So, creditors owed money by Lehmans and Lehmans ‘ subsidiary companies will be fresh out – they will not get money that Lehmans subsidiaries have carefully squirreled away beyond the reach of bankruptcy administrators. People owed money by Lehmans will go away empty handed.

 

Can anyone from the FSA/OFT please sign up and respond?

 

And can anyone from the site team say that ITBG is a greater evil than THIS?

Edited March 4, 2010 by enoughisenough

[ZillaK]

..well said..

[midge61]

The last post made by Tessa on 28th Feb here is very interesting

 

Capstone Mortgages - Disgraceful - Ripoff

[enoughisenough]

Site team spotted and scuttled off...

 

UNBLOCK ITBG. PLEASE.