Homeowners for Justice & an end to unlawful Repossessions By UK based bankrupt Lehman Bros Entities
Wednesday June 19th 2013

Gimme some truth…Part One



If you keep pressing long enough the truth will come out. And it’s important to remember that. 

WHY?..Because it is the truth that sets you free and by pressing it WILL come out.

It’s the truth that gives you a foundation for justice to be realised.

It’s the truth that shames your detractors and liquidators (like the filth they are) for having robbed, destroyed and greedily thrived with unquantifiable cost to the ordinary family at no cost to themselves – except to their longer term conscience which will always come back to haunt at least some of them. We live in – at least – that much hope.

In the meantime the truth  -  when we get it – will give you vindication that something was deeply rotten and corrupt here.

And it was deeply rotten and corrupt.

It may not benefit us. Too much damage has happened for that to be realistic, though one always lives in hope. But it may just be possible to haul this chaos back into check for a while and so prevent our children ( and theirs)  from this exploitation and abuse when they grow up. It’s a vain hope, but some vain hopes are worth keeping. 

Here’s the depressing news. We have placed our faith in duplicitous politicians and spineless look out for themselves regulators. And what did we get? Here’s a couple of examples.

Grant Shapps, former housing Minister, (now Tory Party Chairman) who many of you contacted in trust, hope and confidence with your Acenden Capstone filth problems) turns out to have had an alter ego (Michael Green) who published a very expensive £400 book on how to fiddle google search engines. I will not detail this here but any simple google search will do. Needless to say he won’t looking out for us, unless anyone of us who did contact him got him to sort the evil shysters Capstone Acenden out. In the interest of fair play anyone who did actually have their problems with the filth resolved by Grant should get in touch.

Margaret Cole, former head of enforcement at the Financial Services Authority left last year to become a £1m per year “employee” of the asset stripping Price Waterhouse Cooper accountancy “big four” firm responsible for the “orderly winding down” of the remnants of Lehman Brothers estate here in the UK (that’s SPPL, SPML etc).

Orderly winding down is of course a euphemism for financial ethnic cleansing so it is no wonder that PwC got a green light from the FSA where Margaret was in control to let SPML etc be absolved from any regulatory fines.

The others who did get “fined” (£10 in their money – such as Kensington, GMAC-RFC) should be spitting feathers that Capstone/Acenden, Lehman, SPML EUROSIAL, SPPL,  have walked between the raindrops and got away with their far worse abuses of the consumer. How does it feel to be patsies boys? You have to take the hit for them. Bey you love it. Not. 

How come a company so financially and morally bankrupt like Lehmans get to walk away without any unnecessary regulatory fees?  Perhaps Margaret would like to answer that one.

So there are lots of questions and no answers and in all likelihood no-one will ever “gimme some truth.”

However those who know of us and those who don’t but should will be assured that if it takes as long as it has taken other pilloried groups to get the record put straight, we will not go silent until this pilloried group get some justice. 

The truth has a major purging effect. It allows people to reconstruct and build upon shattered foundations. It allows for more confident relationships to be built. It benefits all sides and all parties, even if some parties have to lose some dignity (and cash) in the process.

What is not fair is that we have lost all cash and all dignity and they have taken all the cash with their dignity barely impugned at all, save for us here. Their dignity should be daily impugned and I am proud that we have exposed the moral bankruptcy of at least some of the employees and some of their higher management.

We can ask for legal disclosure but that may or may not happen. It doesn’t happen because the system is bent and scumbags like Capone stone KNOW they can get away with it. That kind of impunity has to end. NOW.

We want some truth and despite having asked a series of specific questions before to no avail we will continue to ask the questions. 

The rationale is simple. A question repeatedly unanswered is probably a good question to ask.

GIVE US SOME TRUTH.

Part Two tomorrow or soon after. Contributors fire up your questions but please please please keep them short. We want the full range of the abuses addressed.

 

 

6 Comments for “Gimme some truth…Part One”

  • Crapstone says:

    Still waiting for Part 2!

  • Clutching at straws says:

    Looks like another magic disappearance act.

  • madmaria says:

    Well helloo chaps
    yep i am still around a bit like a bad smell really I linger in the background but never really go away lol! One for acenden to remember! Any ways good to see you up and running once more. Just to go a bit off topic the latest con Acenden are running with is this:- you get a letter your arrangement with us has expired??(even though you have a court order that states you have an arrangement for the lifetime of the mortgage at a set rate to pay of arrears). obviously that doesnt apply to acenden as with every other rule in the book. But get this bit the letter being sent on the 1oth of november and the arrangement has now expired and the due date of the mortgage payment being the 12th it states that if you do not contact them before the due date of the mortgage payment you will be charged an arrears mangagment fee of £70 even if you make a new arrangent within that month. Have you noticed that they dont send the letter until the 10th a couple of days in the post so they have waited until you dont have a chance in hell of setting up a new arrangment by the date the payment is due.Hence earning themselves another £70 for nothing err fos is this another fee that covers their true admin costs???? they are having a bloody laugh!!

  • Dingle says:

    Hi Maria

    Great to see you’re hanging on in there – some of us haven’t given up!!!!!!

    Talking about Acenden’s latest con – sorry – creative accounting. Watch out for this one everybody. You get to the point of paying off your mortgage – the day you’ve dreamed of for so long – seeing the back of this shower. You make the final settlement (the settlement figure having been advised by them). You sit back for two months thinking how wonderful life is when what happens? You get a letter from the ‘shower’ demanding two months ‘outstanding’ monthly payments plus late payment arrears x 2. YOU COULDN’T MAKE IT UP! They eventually admit to an ‘administrative error’. That’s their name for it. I have others! YOU’VE BEEN WARNED.

  • sappho says:

    Yes, the administrative errors! I have been pursuing a refund of charges through the FOS and finally after a year – a good result, all charges reimbursed. So naturally I am expecting to see a credit to the arrears account. But no, they have taken it off the capital leaving the arrears as they were and forcing us to stay in the “arrangement”. However, instead of sending us a notice to say that they are crediting us, they have sent a default notice instead for the same amount as if the refunds are a set of new charges. We have rung, written and eventually gone back to the FOS. Acenden now want a full two months to investigate our “complaint” that they should not have sent out a default notice. Enough time of course to try for possession – again. Perhaps if they send it to the wrong address they’ll catch us napping and get lucky.

  • madmaria says:

    Hi guys
    Hi HO Hi HO its back of to the FOS I go!!!
    WHY you may ask yourself err well the reason is I have to to finish my complaint. Because get this, SPPl claim they are not responsible for anything after they transferred to eurosail so my complaint with the fos had to end then re submit another complaint about eurosail. I told you they are having a bloody laugh. But so be it if thats what they want. This bitch has got the bone and she aint droppin it for nobody lol!!xx


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A Manifesto

We aim:

1. To name and shame Capstone Mortgage Services as a disgraceful Third Party Administrator which specialises in ripping people off before dispossessing them.

2. To highlight the appalling practices of this firm which are systemic and unlawful and which cause huge consumer detriment.

3. To highlight the fact of insolvent trading by the Lehman Bros entities including SPML, SPPL, and PML; to further highlight their failure to comply with their legal responsibilities to submit accounts or appoint directors.

4. To challenge the locus standi of Capstone Mortgage Services to issue claim on behalf of the originating lender.

5. To campaign and lobby the regulators such as the Financial Services Authority to halt these abuses NOW, by applying the law and regulations as they exist.

6. To assist anyone in the process of fighting unlawful, falsely premised and vexatious repossession claims to mount a viable defence.

7. To campaign for fairer hearings before the courts in repossession claims than the anecdotal evidence suggests is currently the case.

8. To encourage in the media wider reporting of the fall-out for thousands of British families and households of the Lehman Bros bankruptcy.

9. To alert all concerned that the cynical makeover from Capstone to Acenden is nothing more than a PR rebranding exercise and has if anything resulted in more of the same from this appalling 'mortgage servicer.'

This is not just our manifesto. It is yours too. Feel free to post up suggestions and they will be considered for inclusion.


FSA Principle 6

" A firm must pay due regard to the interests of consumers and treat them fairly"

Securitisation and Fair Treatment – As stated by the FSA

In terms of the issues raised around securitisation, we expect a firm to adopt the same approach to forbearance for borrowers with mortgages that have been securitised as for borrowers whose mortgages remain on the firm’s books. Securitisation covenants should not constrict a firm’s ability to treat its customers fairly by exercising appropriate forbearance strategies.

Whither Deterrence..?

Margaret Cole, director of enforcement and financial crime at the FSA said:

"FSA rules ensure that financial services firms operate safely, protecting both their customers and the industry itself. Anyone found flouting those rules will face stiff penalties."

Really? Or did you mean THIS:

When I use a word,' said.... in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less."

FOS Complaints STATS Courtesy of Dingle.

SPML 56% found in favour of complainant

1 July 2009 – 31 December 2009 – new cases

Kensington 50
SPML 56

1 July 2009 – 31 December 2009 – resolved cases

Kensington 50% resolved in favour of complainant
SPML 40% resolved in favour of complainant

1 January 2009 – 30 June 2009 – new cases

GMAC 54
Kensington 70
Preferred Mortgages 31
SPML 92

1 January 2009 – 30 June 2009 – resolved cases

GMAC 74% resolved in favour of complainant
Kensington 37% resolved in favour of complainant
Preferred 56% resolved in favour of complainant
SPML 48% resolved in favour of complainant

SPPL’s VAT (Yeah…I’m the Taxman…)

Direct from SPPL's Tariffs and Charges 2010

"All fees and charges are inclusive of VAT where applicable."

Now, where did we put those SPPL Accounts...?

s.27 of the Land Registry Act 2002

From the many prospectuses...

"Neither the Issuer nor the Trustee currently intend to effect any registration at The Land Registry of England and Wales, the Registers of Northern Ireland or any registration or recording in the Registers of Scotland to protect the sale of the Loans"

Why not? It is a legal requirement that they do so and any failure amounts to a criminal offence.

 

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