Foreclosure Foul-up: Tracking Down Those ‘Lost’ Mortgages

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “In hundreds of thousand of cases, the promissory note that proves a bank owns a borrower mortgage is now gone. Vanished. Some borrowers may walk away scot free. In other instances, banks may be forced to dramatically reduce what a borrower owes. Many foreclosures have [...]

Robo-Approved: Underwriting Loans Always Controlled by MegaBanks

submitted by David Editor’s Comment: This underscores the reality of the situation. Whereas the borrower thought the lender was disclosed, was underwriting the loan and was taking the risk and therefore was interested in the viability of the loan, none of those things were true. The party disclosed as the “lender” was not the source [...]

EVIDENCE : PRODUCTION OF DOCUMENTS

EDITOR’S COMMENT: Maher has a done a pretty good job of listing the documents that you might want to see to prove your point about the authenticity of the transfers and whether the loan ever made it into an actual, existing pool. EVIDENCE : PRODUCTION OF DOCUMENTS By M.Soliman EXHIBITS, FINANCIAL STATEMENT SCHEDULES (a) (1) [...]

Code Compliance Nuisance Properties Overwhelm Cities and Towns

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Editor’s Comment: Just like the bogus foreclosures that preceded them, the banks say they own the REO property they acquired with an illegal credit bid but they don’t want to REALLY own it and be responsible for code compliance utility bills and all that fun [...]

US TRUSTEES ATTACKING PRETENDER LENDER STANDING IN MLS

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary In his experience, Mr. Shaev said: “The attorneys who represent the banks invariably state that they will get the collateral file for us and prove that the banks had possession of the documents at the appropriate time. But then when we review the file it [...]

FED SEEKS CHANGE IN RESCISSION RULE

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary The Truth in Lending Act from 1968 gives borrowers the “right of rescission,” the ability to undo a home refinancing or home equity loan within three years of the closing if the lender did not make proper disclosures — generally of the loan amount, interest [...]

USING RESCISSION AS A PROCEDURAL TOOL

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary The most persistent problem facing homeowners today is that in any challenge to the apparent “lender” there are presumptions that arise in the mind of the court in favor of the supposed creditor and against the homeowner. Using rescission as a procedural tool, along with [...]

ELEPHANT IN THE LIVING ROOM: $600 Trillion of What?

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary At the core then is a simple question: which is more important — people or money? I thought the United States Constitution made that clear and gave Americans the 2d, 4th, 5th, 9th and 14th Amendments to make sure they could enforce it. But now [...]

Nobody Ever Thought It Could Happen Here

Editor’s Comment: As long as we believe that we are included in the aristocracy we will never see them as the source of our own oppression and we will even vote for them. So it LOOKS like a democracy but it isn’t. It looks like the rule of law but it is the rule of [...]

BOA/Countrywide Demands “BuyBack” from Originators They Created

EDITOR’S NOTE: The finger pointing and ankle-biting is a sign of the times — all pointing to the fact that there WAS fraud, and that some corporation (other than the one making the allegation) is at fault. BOTTOM LINE: There was fraud and none of these corporations making the allegations as pretender lenders are victims. [...]

CAUTION: Creeping Privitization of Judicial System

GOLDMAN SACHS FOR PRESIDENT!! 2012??? EDITOR’S NOTE: If they thought of it, you would have an arbitration clause in your mortgage deed or deed of trust. And it would name the firm providing the arbitration service — a firm they owned. Expect it in modification or settlement papers. It is already present in securities cases, [...]

BLOOMBERG: INVESTORS PUSHING FOR SETTLEMENTS AND MODIFICATIONS

Foreclosure Probe Talks Include Investors Urging Resolution By Margaret Cronin Fisk and David McLaughlin – Nov 24, 2010 10:01 PM MT Thu Nov 25 05:01:49 GMT 2010 All 50 U.S. states are investigating whether banks and loan servicers used false documents and signatures to justify hundreds of thousands of foreclosures. Photographer: Jacob Kepler/Bloomberg Mortgage-backed securities [...]

FINDING THE “TRUST”: Truth and Consequences

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Remember that “finding” the “trust” that “owns” the “loan” is a rabbit hole and you should not get stuck in the narrative of the banks. The truth is that we only find a pool that is called a “trust” or other entity that is probably [...]

A KeyBank Foreclosure Draws Fire

ALERT: There is a DECEMBER 2 Congressional HEARING ON FORECLOSURE ABUSE before national lawmakers where Attorney Cox says that he plans to showcase Ms. Vaughan’s case. Surely we have equally compelling illustrative cases that also cry for national attention. Allan O’Brien Denchfield November 24, 2010, 2:14 PM ET A KeyBank Foreclosure Draws Fire By Robbie Whelan [...]

Thank G-d for Elizabeth Warren!

Submitted on 2010/11/24 at 9:51 pm Elizabeth Warren Helped Shoot Down HR 3808 Bill That Would Have Sped Foreclosures, Calendar Shows http://www.huffingtonpost.com/2010/11/24/elizabeth-warren-calendar_n_788120.html shahien@huffingtonpost.com | HuffPost Reporting Elizabeth Warren Helped Shoot Down Bill That Would Have Sped Foreclosures, Calendar Shows First Posted: 11-24-10 05:13 PM | Updated: 11-24-10 05:37 PM Elizabeth Warren was the first senior [...]

Typical Last Minute Withdrawal OF Deutsch Motion

DEBTOR’S RESPONSE IN OPPOSITION TO DEUTSCHE BANK’S REQUEST FOR RELIEF OF STAY AND MOTION TO SHOW CAUSE Glenn E. Holden and Ann M. Holden file their RESPONSE in opposition to Deutsche Bank National Trust Company, as Trustee for Soundview Home Loan Trust 2005-4, Asset Backed Certificates, Series 2005-4, motion for relief from stay filed on [...]

HAPPY THANKSGIVING AMERICA!!!!

Have a great meal and enjoy time with family and friends. You deserve a break. Everyone does. Let this day commence a year for giving thanks to ourselves and each other for asserting our constitutional rights and thus preserving the American way of life with TRUTH, JUSTICE and OPPORTUNITY. Now is the time for OUR [...]

Foreclosure Hearings Show Homeowners Who in Washington Cares

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Editor’s Comment: Zombeck has it right here and people are starting to take notice. It just doesn’t make any sense that somehow tens of millions of Americans suddenly decided to enter a conspiracy to defraud the financial industry using instruments that even Alan Greenspan admitted [...]

65% of Fresno Judges Have MERS on Their Own Mortgages

Submitted on 2010/11/24 at 7:27 pm by HYDROGENE EDITOR’S NOTE: This is the part of this mission that I love — when people start getting proactive and shining the light where nobody from the dark side wants it. It just so happens that there are several Judges around the country that have consulted with our [...]

Homeowners Investigating Judges Conflict of Interest

It seems that many Judges have investments and many of those investments involve various types of income funds, from high yield to low yield and everything else you’d expect from someone who is saving money toward retirement. The problem is that some of their investments involve mortgage bonds, and other home loan derivatives which could [...]