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Modifications Are Part of the Big Lie: Don't send that application for modification if you don't want to waive important rights.

5 Comments / foreclosure, Modification, Mortgage, sham transactions, standing / By

The application for modification licenses New Rez aka PHH aka Ocwen to sell, distribute the personal data and transaction data to third parties. Besides the obvious problems with data privacy, this confirms the apparent voluntary participation of the homeowner in a securities scheme that was and still is concealed from the homeowner. By filing the …

Modifications Are Part of the Big Lie: Don't send that application for modification if you don't want to waive important rights. Read More »

Each Subsequent Default Restarts the Clock in Foreclosure Cases

1 Comment / foreclosure / By

http://www.jdsupra.com/legalnews/each-subsequent-default-restarts-the-58017/ The long-awaited decision in U.S. Bank v. Bartram was released yesterday.  At issue was whether lenders and servicers could restart foreclosures after five years, or if they would be barred by Florida’s five-year statute of limitations.  Yesterday, the Florida Supreme Court clarified that a lender/servicer can restart the foreclosure clock by declaring a new …

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