Midland Savings & Loan (now, Midland Federal Savings & Loan, 4040 S. Archer, Chicago) without notice to its mortgagors sold deeds in trust containing mortgage notes to Exchange Bank. Exchange Bank, again and obviously without notice to the mortgagors, is sold to LaSalle Bank & Trust which, now, belongs to Bank of America.
How is the monetary value of the mortgagor's equitable investment and estate disposed?
It has not; the banks have disproportionately benefited and profit from deflecting public attention and scrutiny from how title to real property is absconded and the lands are re-ordered by the break in title what is caused by bank fiduciary violations. The bank executives become social actors, acting in concert with local politicians, Realtors and other structural forces shaping development and public policy without adequate regulation from local civic governance on the community level.
