AFTER THE SALE: PART I

Submitted by Charles Koppa. 6/9/2010 Editor’s Note: We are starting to look at events AFTER the sale has taken place and we are discovering a number of things: CREDIT BID: Only the Creditor can submit a credit bid. All others must pay actual money. If a non-creditor submitted a credit bid (essentially bidding the “amount [...]

Tourre: The CDO’s I Create Are “Pure Intellectual Masturbation”

“a ‘thing’ which has no purpose, which is absolutely conceptual and highly theoretical and which nobody knows how to price.” Editor’s Note: Think about it. The foundation of the supply of money that was pressure pumped into our economic housing system resulted in inflation of home appraisals. It was so large that everyone thought the [...]

Judge Buford Slams Mers for Its Own Confusion

Vargas_MTD_Tentative1 Judge Buford in Bankruptcy Court has no problem seeing the real issues. Here he is again stating that MERS has no standing and that MERS is confused as to whether it is acting in is own behalf or as agent for the note holder. He further makes it clear that the loan is not [...]

CALIFORNIA ASSIGNMENTS MUST BE RECORDED

FROM TIM MCLANDLESS Most all foreclosures in California can be set aside. The power of sale by non judicial means is contained in the civil code 2932. In order to be valid the assignment must be recorded California civil code 2932.5. Most all notices of default recorded by the “Sub-Prime” lenders have not recorded an [...]

EMERGENCY FORECLOSURE DEFENSE PROCEDURES IN CALIFORNIA

CLICK HERE TO COME TO SANTA MONICA WORKSHOPS 9/3-9/4 EMERGENCY DEFENSE PROCEDURES IN CALIFORNIA: Check with local counsel before making any decision or taking any action. garfields-checklist-for-foreclosure-offense-and-defense1.pdf securitization-flow-chart-dougal letter-of-objection-to-trustee-in-non-judicial-sale-states california-statutes1.pdf garfield-memo-on-single-transaction-and-step-transaction-doctrine.pdf necessary-and-indispensable-parties interrogatory-form.pdf florida-motion-to-vacate-judgment.pdf oh-stayforeclosuresale.pdf oh-memosupport.pdf annoted-example-of-asignment-and-assumption-agreement standard-and-poor_s-classification-of-home-loans-and-predatory-rating florida-m-dismiss-jurisdiction-standing.pdf — to challenge them from even defending, you say that they have no right to be [...]

Mortgage Meltdown: AFTER the SALE

SUING THE LENDER, MORTGAGE BROKER ET AL AFTER FORECLOSURE AND SALE When it is all over and you have been evicted from your dream home, most people drop the matter and move on, being too distracted by their monetary problems to look back at the painful disaster. What you should know, however, is that violations [...]