taxation

The 1-2-3 of securitization vs Ponzi scheme of mortgages and bonds

107 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By Neil Garfield

CHECK OUT OUR EXTENDED DECEMBER SPECIAL! What’s the Next Step? Consult with Neil Garfield For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, Tennessee, Georgia, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than …

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Tax "break" about to expire on debt "forgiveness"

142 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By Neil Garfield

Editor’s Comments on policy: Depending upon what Congress does between now and the end of the year the waiver of a tax on debt forgiveness as ordinary income will expire. My take is that it should expire and that at the same time the debt should be reduced by virtue of payments received or due …

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Don't Panic About the Tax Part of Short-Sale

30 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By Neil Garfield

This is not a legal opinion that you can rely upon and I don’t represent you nor have I looked at anything in your case. Check with an experienced tax lawyer or accountant and you’ll find loopholes large enough to move an ocean liner. The realtors are jumping up and down saying sell now or …

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Taxation of Securitized Trusts

Leave a Comment / CDO, GTC | Honor, HERS, Mortgage, Statutes, taxes, trustee / By Neil Garfield

TAXATION OF SECURITIZED TRUSTS(2) For those litigators advanced enough in their knowledge of accounting and taxation, you will uncover here and upon closer search of this blog and other resources that a rich store of materials can be used to great effect in attacking the pretender lenders, but you really must know what you are …

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The Emperor's New Clothes: THOSE FORECLOSURES ARE NOT REAL FOLKS, GET IT?

13 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By Neil Garfield

NOW AVAILABLE on KINDLE/AMAZON The Emperor\’s New Clothes: THOSE FORECLOSURES ARE NOT REAL FOLKS, GET IT? 1-in-10-u-s-mortgage-delinquencies-reach-a-record-high-going-up The Emperor is still strutting around as though he was fully clothed in the best silk, color and design. Wall Street is still the darling of government and a whole lot of other people, even if it was …

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Give me a little help here: Trusts, REMICs, and the Authority of the Trustee or Trustee's Attorney to Represent

19 Comments / ATM, bubble, CDO, community banks, Corruption, credit unions, Eviction, foreclosure, foreign relations, GTC | Honor, Investor, Modification, Mortgage, Obama, politics, securities fraud, Servicer / By Neil Garfield

When U.S. Bank comes in as Trustee for the the holders of series xyz etc., the use of the words Trustee and series certificates give it an air of legitimacy. But this is probably just another bluff. Reading the indenture on the bond (mortgage backed security) and the prospectus, you will see that the “Trust” …

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