SERVICES YOU NEED J.P. Morgan Chase freezes 56,000 foreclosures — Washington Post J.P. Morgan Chase issued a freeze on 56,000 foreclosures on Wednesday, acknowledging that some employees may have signed off on documents submitted in support of them without proper review. Chase spokesman Tom Kelly said the company has requested that the courts not enter …
SERVICES YOU NEED “Here is a simpler explanation: the financial services industry is throwing more paper at the system than it can handle. So they are getting away with “representations” rather than solid evidence and proof. If Judges would require at least a copy of the title report, this case would not have occurred — …
Wrongful Foreclosure Hits Cash Short-Sale Buyers Too: What? Ask Bank of America! Read More »
SERVICES YOU NEED Illinois and other states consider application of consumer fraud statutes allowing recovery of damages, treble damages and attorney fees. Texas, Iowa, Illinois Investigate GMAC Foreclosures By Margaret Cronin Fisk, Lorraine Woellert and Joel Rosenblatt – Sep 24, 2010 4:03 PM ET Attorneys general in Texas, Iowa and Illinois, following Florida, have started …
Texas, Iowa, Illinois Investigate GMAC Foreclosures: CAL AG Orders Proof or Halt Read More »
SERVICES YOU NEED “Then guy then laughed nervously and said, “Well, if you’re right, we’re ****ed. We never transferred the paper. No one in the industry transferred the paper.” Editor’s Note: It is very rewarding to see the work of Karl Denninger and others who are taking my work and not only moving it along, …
Deliberate Destruction Of Documents: Securitization Evolved into a Myth Read More »
Broken Promises: Promissory Note Fraud A promissory note is a form of debt – similar to a loan or an IOU – that a company may issue to raise money. Typically, an investor agrees to loan money to the company for a set period of time. In exchange, the company promises to pay the investor …
