American Home Mortgage chief Michael Strauss takes stand -

Full story: Newsday 40
American Home Mortgage founder and chief executive Michael Strauss took the stand Tuesday for the first time in the bankruptcy proceedings of the Melville company that he turned into one of the country's top ... Full Story
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Rush

Middle River, MD

#23 Aug 18, 2007
The biggest investment most Americans will make is now the target of one of the country's largest financial scams and labeled: The Perfect Crime. When fully exposed, this will make Enron look like a parking ticket.

Quote from MSFraud.org (2003) This quote was well before it's time. Now everyone can see it's sheer brillance.

I want the lenders of America to sign this agreement:

WHEREAS, we the lenders of America operating right under the noses of the Federal Regulators, did hereby steal millions of dollars from the American public. We created the artificial real estate bubble by sending hordes of buyers into the market with triple the amount of pre approved loan amount they could borrow and qualify for by using no doc and low doc loans, adjustable rate and teaser rates, negatively amortizing arms, and brokers who forged documents, appraisers who inflated values, and a myriad of other techniques.

WHEREAS, we the lenders of America and our partners and affiliated companies in crime, ie: the title companies, brokers, appraisers, Wall Street, and assorted other entities, did hereby steal funds on every transaction with overinflated fees, settlement costs, prepayment penalties, broker kickbacks, overcharging for recordation taxes, title insurance, float in escrow accounts, captive reinsurance, and many other nooks and crannies we hid fees and profits to us.

WHEREAS, we the lenders of America are now in trouble with everyone suing us are using the "ill gotten gains" to defend ourselves against the lawsuits and protect our CEO's and other executives who were the primary beneficiaries of the FRAUD.

WHEREAS, we the lenders of America are now walking away and closing up shop leaving everyone else to pick up the pieces of the mess we are leaving behind. We( the executives who profited the most) will be fine because we made so much money we could live the rest of our lives on what we already took out or these companies. You the borrowers, not so lucky.

In conclusion,

It's been a fun ride, thanks for coming along. Sorry it has made you nauseous in the end. Most good rides do that you know. No hard feelings. If you sign away all your legal rights we may let you keep your house. For awhile anyway. Eventually you may buckle under the pressure, and we will have to foreclose. I hope you understand. We should have never given you this loan to begin with.

Thanks a million, or should I say a hundred million,

CEO __________
1117 Sunshine Ave.
Cayman Islands

PS. Sorry to the IRS and the US government but you are so screwed up we decided to go elsewhere. We didn't want all of our tax dollars going to bail out the borrowers or fight the war in IRAQ. Nevermind those young men and women are fighting and dieing so scum like us can do whatever the hell we please in America. After all you did participate by looking the other way as we ran amuck. So Thanks, so sorry to do this to you. But - FAREWELL!
Rush

Middle River, MD

#24 Aug 18, 2007
I sure hope all the former employees have read the long list of legal help STRAUSS is paying for with the funds he's witholding from everyone else. GET MAD.
AHM West Coast Employee

Santa Cruz, CA

#25 Sep 9, 2007
Mr. Strauss'and the AHM Executive Team (especially the west coast clowns)greed, extravagance, egregious errors and fiduciary failures has caused untold damges and sufferring to thousands of people and they ALL MUST BE HELD ACCOUNTABLE. The West Coast Executives have now taken their repulsive behavior to IndyMac Bank. (Look Out)
Baltimore

Orange Park, FL

#26 Apr 9, 2008
has anyone heard anything new?
former AHM-Columbia

Orange Park, FL

#27 Apr 9, 2008
I havent heard anything and we probably never will
Searching

United States

#28 Apr 22, 2008
former AHM-Columbia wrote:
I havent heard anything and we probably never will

Anyone know who Sharon Richards is and how she can be reached?
Lucy NY NY

Boston, MA

#29 Jun 19, 2008
Baltimore wrote:
has anyone heard anything new?
Call him at his house in The Hamptons!
exAHMer

Brooklyn, NY

#30 Sep 29, 2008
While I worked at AHM, I saw how management and executives swandered millions of dollars; underhandedly transferring and moving funds to their benefit. It was a volcano waiting to erupt and finally it did!!! Rob D, Mit.E, those in Chicago, and NM all must be BURNT!! Oh well, you know what they say, what goes around comes back around. They don't like the taste of KARMA!!
Reporter seeks comments

Minneapolis, MN

#31 Oct 13, 2008
I'm a reporter writing about AHM and other meltdowns and wanted to speak with former employees etc. I can be reached at claude.solnik@lib.com
Reporter seeks comments

Minneapolis, MN

#32 Oct 13, 2008
I am a reporter seeking comments on AHM and similar meltdowns. Correct e-mail is claude.solnik@libn.com
Louise DeLucchi

United States

#33 Nov 14, 2008
your such a wise guy, you have been running with the devil and there is no way that you won't get it in the end, life has a way of turning and biting you in the ass big timer. you'll probably end up with some kind of disease and all the money in the world won't help you, so you just dream on. You think your so clever.
Jimmy

Nashua, NH

#34 Nov 14, 2008
Another rich s-bag trying to run with as much of the cash as he can. Hunt him down and tar and feather him for the scoundrl he is and take away all of his money.
jay nc

Gulf Shores, AL

#36 Dec 4, 2008
Dear Micheal Strauss,CEO AHM; 1996 we got this loan, crime build up in my area steady in 12 years in Harnett Co.NC. No bail out for me,How does big companies still continue your company never tried to work this out with us,no refinance,no nothing we had no choice but to let bushes ,you all take over. Laws need to be more for working people. You got a work out in bankrupcy,no help for me. You have a big account in Sweden right ,pretty set ain't you? Tried in N.C to get a better deal,it did not happen!!!!!!
Louise DeLucchi

United States

#37 Jan 5, 2009
My response posted on Nov. 14, 2008 was in regards to the message from RUSH on AUG. 2007. It was absurd.
help

Hickory, NC

#38 Jan 28, 2009
[Do you or anyone else have ABC's tax info so I can do my taxes. I have no info on them an no number obviously to reach them.
patrick ainsworth

Austin, TX

#39 Mar 11, 2013
My name is Patrick Ainsworth and I have started a petition on care2 "mortgage fairness"Please sign my petition if you beleive banks and servicing companies should obey the law or be held accountable.
patrick ainsworth

Austin, TX

#40 Mar 11, 2013
Wilber Ross's company American Home Mortgage,Option One,Sand Canyon,AHMSI,Homeward Financial all the same corrupt company should be held accountable for any criminality- sign my petition on "mortgage fairness" on care2 if you agree.Save a home!

Since: Nov 12

Philippines

#41 Mar 20, 2013
nice thread. thanks for sharing that information. it was very informative.
[url=http://www.legacylegal.co m/credit-education/credit-topi cs/how-to-repair-credit-score. asp]How To Repair Credit Score[/url]
Ex Mortgage Goer

Costa Mesa, CA

#43 May 20, 2013
Any ideas on Where Mike Strauss is today?
Alice Broadhurst

Brewster, MA

#45 Aug 11, 2014
Ex Mortgage Goer wrote:
Any ideas on Where Mike Strauss is today?
367 Great Plains Rd, Southampton NY

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