February 10, 2011

The McCoy Case Analyzed – MERS Smackdown!

Today, February 10, 2011, 1 hour ago | Phil Querin “…the powers accorded to MERS by the Lender [whose name appears in the Trust Deed] – with the Borrower’s consent – cannot exceed the powers of the beneficiary.  The beneficiary’s right to require a non-judicial sale is limited by ORS 86.735.  A non-judicial sale may …

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U.S. Trustee on LPS: "False Affidavits and Materially Misleading Statements"

Posted on February 10, 2011 by Foreclosureblues In RE Wilson | DOJ (US Trustee) in LA BK case “LPS/Fidelity acted with indifference to the truth” Today, February 10, 2011, 6 hours ago | Foreclosure Fraud “What is the economic harm to borrowers of alleged document defects pertaining to foreclosure? The answer is none. First, the …

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TAKE THE MONEY AND THEN TAKE THE HOUSE TOO: WHAT A DEAL!

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary New Questions Raised in Mortgage Financing EDITOR’S COMMENT: I worked on Wall Street and I was an investment banker. I know the mentality. If money is sitting there, they will take it and worry about it later. This article is the tip of the iceberg …

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BANKS COULD FACE KNOCKOUT PUNCH FROM ILLEGAL PRACTICES

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Banks Could Face $60 Billion Tab on Bad Mortgage Loans Thus no matter how well certain mortgages or “pools” performed on their own, they were still guaranteed to fail because they had assumed the liability of the worst mortgages. I believe this is called trading …

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