THANKS FOR THE MIRACLES OF MODERN TECHNOLOGY. Post was lost during publication. Summary: As long as Judges refuse to hear the merits of the cases in the belief that the deadbeat borrowers are trying to get out of a legitimate debt, these foreclosures will go forward taking the housing market and the economy down with […]

Posted in bubble, Eviction |

COME TO THE ANAHEIM 1/2 SEMINAR WEDNESDAY MORNING It appears as though LIBOR is being thrown under the bus as a distraction from the much larger mortgage securitization scam. Both cases relied upon trust that was breached, money that was invented, figures that were fabricated, lying, cheating and inside trading to the detriment of the […]

Tags: borrowers, distressed properties, fraud, homeowners, insidekr trading, insider trading, intermediaries, Libor, nominees, securitization scam, taxpayers, VICTIMS, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

GTC|HONORS A division of General Transfer Corporation “Workouts With Honor” Call 520 405-1688 or write to neil@livingliesblog.com. GTC|Honors provides analytical reports, negotiation with the title insurer to eliminate exclusions for off-record transactions, and potential homeowners looking for deals in which they can either enter into a short-sale, or sale lease back with option to buy. […]

Tags: bankruptcy, equity kicker, homeowners, investor angels, Payson, sale-leasebacks, short sales
Posted in bubble, Corruption, Eviction |

Sign Up for Wednesday Anaheim Conference for Homeowners and Paralegals Reality in Iceland: prosecution and letting the chips fall to the table August 27, 2012. Neil F Garfield. Mainstream media and in particular Krugman and Ritholz have echoes what Simon Johnson and I have been saying for years. It’s not a question of theory or […]

Tags: cash equivalents, deriviatives, DJIA, ICELAND, Krugman, perfected liens, prosecution of banks, Ritholz, shadow banking, Simon Johnson, wrongful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |

Obama response unclear. He keeps saying that the  object here is not to include “undeserving” borrowers who are just trying to get out of a bad deal a deal that went bad or whose eyes were bigger than their pocket book. As long as he keeps saying that he is missing the whole point. This […]

Tags: excessive comensation, home values, housing prices, RESPA, TILA, underwater, zillow
Posted in bubble, Corruption, Eviction, securities fraud |

Dan Hanacek, who will be at the conference in Emeryville tomorrow, and Charles Cox can be reached through our customer service number 520-405-1688. Dan is a lawyer with whom I am engaged in mentoring and resourcing in Northern California cases and Charles helps people all over the country. The tide is turning. The basic principles […]

Tags: agent, assignment, mortgages, notes, Notice of Default, Notice of Sale, principal, recording, TRUSTEES
Posted in bubble, Eviction |

Everyone seems to be having trouble with winning these cases outright. I think I have discovered the problem. Most attorneys start in the middle of things because that is how it comes to them. Basic Contracts Law, first day of law school. For an agreement to be enforceable it must have all three of the […]

Tags: acceptance, accounting, consideration, contracts law, loan receivable, mortgage bonds, offer, Ponzi, shadow banking, shell game
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: I don’t want to get technical but it is quite necessary in order to understand a corroboration of my statements regarding (a) whether a loan is secured (b) whether the terms of repayment to the creditor were stated the same way in both the offer to the investor-lender and the borrower and (c) […]

Tags: fake debt, legitimate debt, negotiable instruments, real debt, secured transaction
Posted in bubble, Corruption, Eviction |

JP Morgan, because he can, gets $23 Million for mismanaging a bank with fake assets and losing money hand over foot, while the head of the most profitable bank in the world gets paid $308,000. That means Dimon makes 70 times what a good bank manager makes. The worse you get, the more you get […]

Tags: Dimon, financial dysfunction, ICBC, Jiang Jianqing
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: Yves wrote the piece I was going to write this morning. See link below. The salient points to me are mentioned below with comments. The principal point I would make is that Obama has been listening to people who are listening to Wall Street. The Wall Street spin is that this is just […]

Tags: Banana republic, banks, housing policy, Naked Capitalism, regulation, REMIC, servicers, Wall Street, yves Smith
Posted in bubble, Corruption, Eviction, securities fraud |