LOAN MODIFICATION

Illinois regulatory agency fined PHH Mortgage $290,000

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE From Housingwire.com Illinois state agency fines PHH Mortgage in robo-signing probe by KERRY CURRY Illinois woman files class-action against Fisher and Shapiro over affidavit issues Texas AG calls for statewide foreclosure suspension Illinois judge stays 1,700 Fisher and Shapiro foreclosure cases Two state …

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RECORDING OFFICE REFUSES ROBO-SIGNED DOCUMENTS

MOST POPULAR ARTICLES CLICK HERE TO REGISTER FOR 2 DAY GARFIELD CONTINUUM CLE SEMINAR GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE TITLE CRISIS LOOMS LARGE O’Brien says “Bank’s Actions Speak Louder Than Words” – PRESS RELEASE .Wednesday, 22 June 2011 16:37 1 Comments Headlines .Registry infected with Fraud On June 7th Essex South …

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PROSPECTS FOR ECONOMY REVISED DOWNWARD — AGAIN

MOST POPULAR ARTICLES CLICK HERE TO REGISTER FOR 2 DAY GARFIELD CONTINUUM CLE SEMINAR GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: Here it is again. Economists have revised their projections for growth. DOWN AGAIN. In other words, all those projections over the last couple years that presumed we could recover without …

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Supreme Ct Bond Decision: Standing and Cause of Action Closely Related

MOST POPULAR ARTICLES CLICK HERE TO REGISTER FOR 2 DAY GARFIELD CONTINUUM CLE SEMINAR GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Bond v United States This case could turn out to be important, although the opinion is enshrouded with innuendo. It involves some hair splitting that is a replica of what is happening …

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WRIGHT DECISION: CA FED CT ALLOWS CLAIMS FOR Failure to Contact, Wrongful Foreclosure, Quiet Title, Unjust Enrichment, Declaratory and Injunctive Relief

MOST POPULAR ARTICLES CLICK HERE TO REGISTER FOR 2 DAY GARFIELD CONTINUUM CLE SEMINAR GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE A LESSON IN PLEADING     Javaheri35Order-1 Editor’s Comment: The lesson in this decision is that a well-plead complaint will get over the goal line. A badly worded complaint, after a couple …

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JPM Whistle: My Boss Told Me, We're In The Foreclosure — Not Modification — Business

MOST POPULAR ARTICLES DISCOUNT FOR EARLY BIRD REGISTRATION RUNS OUT ON JUNE 22 CLICK HERE TO REGISTER FOR 2 DAY GARFIELD CONTINUUM CLE SEMINAR GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Servicer Payments Keep Mortgages Current and Convert Liability to Unsecured EDITOR’S COMMENT: MULTIPLE WARNINGS HERE. Nobody on the banking side wants modifications. …

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BAD FAITH: Judges Getting Testy About Lawyer's Representations and Bad Treatment of Borrowers

TOP READER PICKS FOR SERVICES AND PRODUCTS “the misleading statements made to both the court and plaintiffs’ counsel constituted willful misconduct. Accordingly, the defendants are hereby adjudged to have accepted the July 1, 2009 agreement signed by the plaintiffs (Adv. Pro. No. 09-4045 AN, Docket No. 20), and are fully bound by the terms thereof. The …

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U.S. Plans Big Expansion in Effort to Aid Homeowners

March 25, 2010 U.S. Plans Big Expansion in Effort to Aid Homeowners By DAVID STREITFELD The Obama administration on Friday will announce broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments. Another element of the new program is meant to temporarily reduce the payments …

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1 in 10: U.S. Mortgage Delinquencies Reach a Record High — Going UP?

AVAILABLE ON KINDLE/AMAZON Editor’s Note: While the media, Wall Street and government sources try to placate us, there are inescapable truths right now and inescapable consequences right around the corner. Other than people who own their home outright or who are relatively close to that point, nearly every homeowner in America has several problems: (1) …

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Lucrative Fees May Deter Efforts to Alter Loans

It’s not just that servicers get more money by pushing the loan further and further into distress. They certainly have that incentive. When the loan becomes “delinquent”, they get more money, when the loan goes into “default”, they get more money, and when the loan goes into “foreclosure”, they get more money. So of course …

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Problems with a Loan Modification: 10 POINTS TO CONSIDER

SUBMITTED BY NY Problems with a Loan Modification: The borrowers will think they are modifying their current loan when in fact they are starting all over again. The Foreclosing entity which lacks standing to bring lawsuit, is not authorized to modify anything since they are not the owner of the loan in question. Since the …

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