Editor’s Comment: Rick explains here how each loan was used multiple times. He’s right, I think, that legally the borrower does not owe anything on the NOTE. But the obligation remains under that scenario under some theory of law or equity, probably unsecured. see http://gonzalolira.blogspot.com/2010/10/second-leg-down-of-americas-death.html by Rick Humphreys The Foreclosure Mess “Homeowners can only be …
Politics is such a touchy subject so I figure I should offend just about everyone to be fair. The state of our economy is bad and our prospects are getting worse no matter what anyone tells you. Take a look at Japan for a sneak preview of where we could end up if you think …
EDITOR’S NOTE: Read this carefully and you start to understand that the paperwork is no trivial matter as the Wall Street Journal editors want to say on behalf of the financial services industry. Priority of liens and the foreclosure procedure contains multiple features that can be used by borrowers Stay alert. Show up ON TIME …
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary POSTED BY “RESEARCHER” See also fdic-servicers-are-advancing-funds-on-loans-supposedly-in-default EDITOR’S COMMENT: It isn’t just Bank of America. And it isn’t just the servicers. EVERYONE in the securitization chain has a legal problem, a liability problem and is subject to potential fines, penalties, damage awards to borrowers, punitive damages …
October 15, 2010 By BARRY MEIER With the rash of foreclosures across the country in recent years, many lawyers have specialized in the lucrative business of handling cases for banks and loan servicers. And now that flaws are being acknowledged by big lenders in the processing of foreclosures, some of these lawyers are finding themselves …
Foreclosure Mess Draws in the Lawyers Who Handled Them Read More »
see also more-evidence-of-bank-fubar-mortgage-behavior-florida-banks-destroyed-notes-others-never-transferred-them.html L. Randall Wray L. Randall Wray is a professor of economics at the University of Missouri — Kansas City. Recent Posts * Bernanke’s Experiment Has Failed, More Quantitative Easing Is Not… * Obama’s Economic Team May Be Disbanding But They’ve Already Done… * Pension Funds Are So Big They’ll Create A Bubble …
The Mortgage Fraud Scandal Is The Biggest In Human History Read More »
Maryland removes six notaries from office in foreclosure probe by KERRY CURRY Maryland to Require Loss Mitigation Reporting Beazer Pays $2.5 Million in Mortgage Settlement Maryland Governor requests 60-day foreclosure moratorium Florida judge denies Law Office of David J. Stern motion to quash Wallboard exporter in settlement with Beazer over costly repairs <img src=’http://hw.hw-ads.com/www/delivery/avw.php?zoneid=17&n=a12a1dcc’ border=’0′ …
Maryland removes six notaries from office in foreclosure probe Read More »
