Archive for 'bubble' Category
Submitted by Bob Hurt STATE OF FLORIDA OFFICE OF THE ATTORNEY GENERAL DEPARTMENT OF LEGAL AFFAIRS ______________________________________ ECONOMIC CRIMES INVESTIGATIVE SUBPOENA DUCES TECUM “You,” “Your” or “DOC X” as used herein means DOCX, L.L.c. and any of the respondents, their agents and employees or any “affiliate” of the aforementioned entities, as that term is herein […]
Wall Street Journal In any case, analysts say the efforts could force banks to disclose difficult-to-obtain information about the loans, such as how poorly they might have been originated or are being managed. Some investors “had no idea that their money was being invested in mortgage-backed securities,” said Mr. Franklin. “And yet somehow these people […]
From one of our readers Please see this link: www.azag.gov/press_releases/oct/2010/Mortgage%20Loan%20Servicer%20Letter.pdf which is a letter from the AZ AGs office put out this past week. It has been suggested that anyone with a foreclosure issue call or visit their office and explain to them the fraud that has been perpetrated through their mortgage documents. Below is […]
See also Genie Out of the Bottle — Kwak– Baseline Scenario See also more-evidence-of-bank-fubar-mortgage-behavior-florida-banks-destroyed-notes-others-never-transferred-them.html See Also diana-farrell-and-the-white-house-theory-of-bank-size Editor’s Comment: It must be emphasized that what the banks are being forced to “buy back” is not the loans, it’s the mortgage bonds at face value because there were no loans in the pools. The banks may […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary see also Fraud or Inaccuracies? VIDEO OK, let’s assume that the “paperwork mess” can be seen as isolated in a vacuum — that it wasn’t caused by the absence of assets conforming to the requirements of the securitization documents. Let’s further assume that we waive […]
Editor’s Comment: Rick explains here how each loan was used multiple times. He’s right, I think, that legally the borrower does not owe anything on the NOTE. But the obligation remains under that scenario under some theory of law or equity, probably unsecured. see http://gonzalolira.blogspot.com/2010/10/second-leg-down-of-americas-death.html by Rick Humphreys The Foreclosure Mess “Homeowners can only be […]
EDITOR’S NOTE: Read this carefully and you start to understand that the paperwork is no trivial matter as the Wall Street Journal editors want to say on behalf of the financial services industry. Priority of liens and the foreclosure procedure contains multiple features that can be used by borrowers Stay alert. Show up ON TIME […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary POSTED BY “RESEARCHER” See also fdic-servicers-are-advancing-funds-on-loans-supposedly-in-default EDITOR’S COMMENT: It isn’t just Bank of America. And it isn’t just the servicers. EVERYONE in the securitization chain has a legal problem, a liability problem and is subject to potential fines, penalties, damage awards to borrowers, punitive damages […]
October 15, 2010 By BARRY MEIER With the rash of foreclosures across the country in recent years, many lawyers have specialized in the lucrative business of handling cases for banks and loan servicers. And now that flaws are being acknowledged by big lenders in the processing of foreclosures, some of these lawyers are finding themselves […]
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