Archive for 'bubble' Category
Dec 30, 2010

Ron is an early adopter (2008) of the uses of securitization defenses and offense. As a lawyer actively practicing in Tucson he concentrates on Chapter 7, Chapter 13, and now appeals. He has consistently applied the principles of breaks in the chain of title, securitization restrictions, and issues of standing, real party in interest and […]

Dec 30, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary NOTABLE QUOTES: “The rise in repossessions and decline in loan modifications are further signs that problems in the US housing market are persisting, in spite of forecasts by some analysts of a recovery before the year-end.” “The number of homes entering foreclosure rose 31 per […]

Dec 30, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “Allstate alleges that between March 2005 and June 2007, as it was buying the securities, Countrywide “abandoned its underwriting standards, misrepresented crucial information about the underlying mortgage loans and concealed material facts” from the insurer, it said in a statement.” EDITOR’S COMMENT: If the note […]

Dec 30, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: Just how many times do we need to be hit with this news before the words “APPRAISAL FRAUD”  come into common use? Entire markets were artificially inflated with the complicity of developers, real estate brokers, banks, originators and of course the real estate […]

Dec 29, 2010

by Wes Barnard HAMP to me is a trap. The banks actually cannot prove that you owe them anything since they have lost the documents and are now busy forging new ones. HAMP is just another refinance gimmick to establish once again that you owe the banks mortgage payments. If you push the banks for […]

Dec 29, 2010

CLOUDED TITLES UPDATE: From Dave Krieger, working as a paralegal with the attorneys in the following situations: For those of you in Phoenix, two quiet title actions have been filed in the Maricopa County Superior Court and another is pending and should be filed shortly. Four quiet title actions have been filed in Washington State; […]

Dec 29, 2010

SUBMITTED BY CARRIE — SEE EDITOR’S COMMENT BELOW Has anyone seen this: http://forceyourlendertomodify.com/ Here borrowers with comparable homes in foreclosure exchange long-term leases at below-market rent. Then they rely on the tenant-protection law to stay in the homes and allow more time for modification. The theory is if a foreclosed home is leased at low […]

Dec 29, 2010

Submitted on 2010/12/27 at 9:18 pm by Nelson J Velardo Neighborhood Preservation Act’. This is a great bill that would allow foreclosed homeowners to lease their properties back from the bank after a foreclosure sale. The homeowner could lease the property for up to 5 years, plenty of time to win litigation and get the […]

Dec 29, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: This deal was probably easier than it looks. The big question is whether AIG will pursue its claim that the insurance contracts on which it paid were procured by fraud. Neither the “mortgage bonds” nor the “loans” that were “backing” the mortgage bonds […]

Dec 29, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: Optimism expressed by economists is being consistently banged, four months in a row now, by the hard facts. The reports are getting better while the facts get worse. Housing prices dropped again — a sign that nobody believes the government or market conditions […]