Still Pretending the Servicers Are Legitimate

Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: I keep waiting for someone to notice. We all know that the foreclosures were defective. We all know that in many cases [...]

Now They See the Light — 40% of Homes Underwater

Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: They were using figures like 12% or 18% but I kept saying that when you take all the figures together and just [...]

Arizona Supreme Court Hogan Case Holds that Note is Not required to Start Foreclosure

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Pandemic Lying Admission: Deutsch Bank Up and Down the Fake Securitization Chain

Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual – Pre-Order NOW for an up to $150 discount LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Want to read more? Download entire introduction for the Attorney Workbook, Treatise & Practice Manual 2012 [...]

Another Ruse: Realtors Gleeful over Equator Short Sale Platform

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Everything Built on Myth Eventually Fails

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Like I said, the loans never made into the “pools”

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Wall Street Insider Exclusive to Livinglies

Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual – Pre-Order NOW for an up to $150 discount LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Want to read more? Download entire introduction for the Attorney Workbook, Treatise & Practice Manual 2012 [...]

MARY COCHRANE STRIKES AGAIN: INDYMAC AND COUNTRYWIDE

10K 12/31/93 Indymac Bancorp Inc. Filed 3/29/94 SEC File 1-08972 Accession Number 898430-94-223 IndyMac Bancorp Inc. (Registrant) 551 SEC Filings 3/18/94 to 8/7/08 Closely Related (4): •Indymac Capital Trust I – SEC# 1157668 6/10/04 •Indymac Capital Trust II – SEC# 115670 6/30/06 •Indymac Capital Trust III – SEC# 1157671 – 6/30/06 •Indymac Capital Trust IV [...]

Citi Article —FORECLOSURE GONE WILD— Tells ALL: Use this MEMO to make your case

THANK YOU CITI FOR DOING OUR WORK FOR US TOP READER PICKS FOR SERVICES AND PRODUCTS Submitted by Jon Lindeman, Esq. Florida So with the chain of documentation now in question, and trustee ownership in question, here is one legal scenario, according to Prof. Levitin: The mortgage is still owed, but there’s going to be [...]

REMIC EVASION of TAXES AND FRAUD

I like this post from a reader in Colorado. Besides knowing what he is talking about, he raises some good issues. For example the original issue discount. Normally it is the fee for the underwriter. But this is a cover for a fee on steroids. They took money from the investor and then “bought” (without [...]

IRS Form P938 REMIC Disclosures

Names, CUSIP Numbers etc. CLICK HERE

Forensic Analysis: Unions Amass Armory of Research on Foreclosures of Securitized Mortgages

“We did not service the loan,” Mr. Dale said. “We did not originate the loan, and we were not the financial entity that placed it into foreclosure. Do you understand what a trustee does?” Editor’s Note: Well, Yes Mr. Dale, we do understand what a trustee does and can do —- nothing. So why are [...]

Trusts, Trustees and Beneficiaries

From http://www.mattweidner.com These statutes provide numerous regulations and requirements that entities engaging in trust activities should comply with, but the regulations are largely being ignored by the entities engaging in trust activities and both courts and the enforcing agency, the Florida Department of Financial Services, Editor’s Note: Matt Weidner is onto something here that has [...]

Trust, Trustees, Constructive Trust, Fiduciary Duties

Editor’s Note: I am currently working on the issue of fiduciary duty, so I would appreciate receiving material from any of you that have submissions on the subject. There is an article in the Florida Bar Journal this month on this topic. “If a fiduciary has special skills or becomes a fiduciary on the basis [...]

TRUE SALE and ASSIGNMENTS: The Nature of REMIC

From “Anonymous” Editor’s Post: It’s always a pleasure to read something where someone actually knows what they are talking about. The following post was picked up from the comments. The key points that are relevant to the Qualified Written Request and Discovery are 1. In the shuffling of paperwork, where was a “true sale” of [...]

Semantics: What a difference a word makes — Creditor — Trustee

Using the voluminous amount of feedback to Livinglies.wordpress.com, some observations about the words you use in litigation and in your correspondence, QWR and DVL might well be of some assistance. CREDITOR: It seems that using the word creditor has much more power than lender, pretender lender or even holder in due course. I’ve been told [...]

Give me a little help here: Trusts, REMICs, and the Authority of the Trustee or Trustee’s Attorney to Represent

When U.S. Bank comes in as Trustee for the the holders of series xyz etc., the use of the words Trustee and series certificates give it an air of legitimacy. But this is probably just another bluff. Reading the indenture on the bond (mortgage backed security) and the prospectus, you will see that the “Trust” [...]

Mortgage Banking Meltdown AND Foreclosure Defense: Who Are the Victims?

When was the last time you heard of a crowd of debt-ridden consumers cornering the finance market and playing with the economy at their leisure? THE WALL STREET GENIUSES HAD CREATED THIS MONSTER AND THE ONE ENTITY THAT WAS SUPPOSED TO HAVE THE VANTAGE POINT OF SEEING THE BIG PICTURE AND THE NEED TO REIN [...]