Confirming Juan Pardo MERS/Ocwen cross employment. Have a dozen docs confirming this from NH/MA registries of deeds. Also, have confirmation of one Carla Tinoco, witnessing and notarizing Pardo’s MERS docs. Ms. Tinoco is also a confirmed Ocwen employee as she has appeared as Doc prep for Ocwen. Ms. Tinoco’s FL Notary registration also confirms business […]

Tags: 1661 Worthington Rd., 33409-0000, Atlantic Bonding Company, Carla Tinoco, Certificate:DD 912557, cross employment, FL, HERS, Juan Pardo, Juan Pardo MERS/Ocwen cross employment, MERS, Ocwen, Ste. #100, WEST PALM BEACH
Posted in bubble, Corruption, Eviction, securities fraud |

To start the program, Treasury will ask banks, like Citigroup or JPMorgan Chase, to identify pools of residential and commercial real estate loans that they will be willing to sell through an auction. Private investors will bid against each other, setting a market price. No bank will be required to participate. Editor’s Note: it’s starting. […]

Tags: Citigroup, EDMUND L. ANDREWS, ERIC DASH, F.D.I.C., GRAHAM BOWLEY, JPMorgan Chase, mortgage modification, New York Times, principal reduction, related assets, Toxic Asset Plan, Treasury Department, troubled mortgages
Posted in bubble, Corruption, Eviction, securities fraud |

The entities foreclosing don’t have ANYTHING at stake. They have no stake and yet they are still getting homes for nothing Editor’s Note: The federal plan is good as to its intent but unnecessary if the law was applied. Sure the bailout SHOULD apply to anyone who got stuck with one of these securitized mortgages. […]

Tags: American International Group, ARIZONA, Arizona Housing Department, Cave Creek, cloud on title, earned forgiveness, free home, Glendale Arizona, homeowner bailout, loan products, Louise Story, Michael Trailor, netvaluecentral, New York Times, Phoenix, securitized mortgages, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: Principal reduction can be achieved in more ways than one. Here Non-profit Lenders see the clear opportunity to buy mortgages from dubious sources and then enter into new mortgages with the homeowner thus preventing eviction and restoring the homeowner to non-distress status. The problem here is that title is not clear and eventually […]

Tags: clear title, distressed homeowners, JOHN LELAND, modification, mortgage modification, Non-profit lenders, Ny Times, Post-foreclosure relief, principal reduction, quiet title, title problems
Posted in bubble, Corruption, Eviction, securities fraud |

USE THIS AS A GUIDE FOR DISCOVERY, FORENSIC ANALYSIS AND MOTION PRACTICE TO COMPEL DISCLOSURE see for this example SHARPS%20CDO%20II_16.08.07_9347 Comments in Red: THIS IS A PARTIAL ANNOTATION OF THE PROSPECTUS. IF YOU WANT A FULL ANNOTATION OF THIS PROSPECTUS OR ANY OTHER YOU NEED AN EXPERT IN SECURITIZATION TO DO IT. THERE ARE THREE […]

Tags: ANNOTATION, as Fiscal Agent, as Note Registrar, as trustee, bank of new york, BOND, Cayman Islands, Class A-1 Senior Secured Floating Rate Notes, Class A-2 Senior Secured Floating Rate Notes, Class A-3 Senior Secured Floating Rate Notes, Class B Senior Secured Floating Rate Notes Due, Class C Secured Deferrable Interest Floating Rate Notes, Class D-1 Secured Deferrable Interest Floating Rate Notes, Co-Issuer, Deed of Covenant, DEED OF TRUST, DELAWARE, DEUTSCHE BANK, Deutsche Bank AG, Deutsche Bank Aktiengesellschaft, DEUTSCHE BANK SECURITIES INC., Directive 93/22/EEC, exempted company, expert, Fiscal Agency Agreement, Inc., investors, Ireland, Irish Financial Services Regulatory Authority, Irish Stock Exchange, issuer, jurisdiction, limited liability, LLC, Member State of the European Economic Area, Moody's Investors Service, Mortgage, Motion Practice, New York Branch, NON-RECOURSE OBLIGATIONS, Offering Circular, operating agreement, promissory note, Prospectus, Prospectus Directive, RISK FACTORS", securitization, Senior Notes, Sharps CDO II Ltd, Standard & Poor's, the Trustee, Total Return Swap, total return swap transaction, TRS Counterparty, Trust Agreement, trustee, UNITED STATES
Posted in bubble, Corruption, Eviction, securities fraud |

NPR Report: How We Found Our Toxic Asset There’s no store where you can buy toxic assets; you have to know a guy. We know Wit Solberg, a former Wall Street trader. Solberg left Wall Street to set up his own shop, Mission Peak Capital, in Kansas City, Mo. He and a dozen guys sit […]

Tags: CUSIP: 41161PUA9, Fla., Kansas City, Mission Peak Capital, OOMLT, Option One Mortgage Loan Trust, Sarasota, toxic assets, Wit Solberg, ZIP code 34232
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

as more states catch on and start investing in more payroll auditors and data mining tools to get money back, the end result may be an arms race until every state comes out more or less evenly. Editor’s Note: There is no better place to start than the trillions in profits from securitized mortgages and […]

Tags: CATHERINE RAMPELL, Ny Times, profits from derivatives, securitized mortgages, state borders, state deficits, state tax auditors, state taxes, tax collection
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: Recontrust appears to be wholly owned by Bank of America. This particular deal looks like a “reconstituted” mortgage backed security comprised of new securities which are “backed” by old mortgage backed securities which in turn are backed by a list of “loans” which may or may not exist, and which certainly have at […]

Tags: "reconstituted mortgage, assigment, BAC, Bank of America, credit-default swap, Federal Bailout, GRS Mort. Trust 2003-9, GSR Mort. Trust, HERS, list of "loans", mortgage backed security, NOD, paid in whole or in part, ReconTrust
Posted in bubble, Corruption, Eviction, expert witness, foreclosure mill, Modification, securities fraud, Servicer |

I THOUGHT THIS COMMENT WAS WORTHY OF MAKING INTO A POST. See for Deutsch bank references Prospectus offered all over the world: Anyone who had a Deed of Trust with: Indymac, Wells Fargo, Countrywide, GMAC, Ocwen, American Home, Residential Funding Company, Washington Mutual Bank, BofA, and many others you might want to check this link […]

Tags: American Home, Bank of MAerica, Commerce Clause, countrywide, Credit Suisse, DEED OF TRUST, Deutsch Bank, Fabrication of documents, fraud upon the court, GMAC, Indorsements, INDYMAC, Liberty Street, Manhatten, Mortgage, negotiable isntrument, note, Obligation, Ocwen, Residential Funding Company, Trust Agreement, Washington Mutual Bank, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

As pointed out in the article below there are many good reasons for prepaying your mortgage on a monthly basis. But if you are in a securitized mortgage and you are either underwater or facing payments that are resetting, be aware that any prepayments will take you far out of the running for any modification. […]

Tags: modification, Mortgage, New York Times, note, Obligation, prepayment, reset, Ron Lieber, securitized mortgage
Posted in bubble, Corruption, securities fraud |