Archive for 'bubble' Category
Whether it is in Bankruptcy Court, Federal Civil, or State Civil, the trend is obvious — more and more cases are being settled, modified or otherwise resolved outside the courtroom. In some cases, the settlement is relatively easy, with the pretender lender agreeing to sharp principal reductions and long term paybacks at low fixed rates. […]
We can’t say the tide has totally turned but we definitely changed the course of the ship of foreclosures. By fighting tooth and nail across the nation, we and others like us are drawing blood in litigation, legislation and other efforts. The multi-state settlement has not been the reason. If anything it was meant to […]
STANDARD CHARTERED accused of conducting secret money laundering transactions with Iran. “Mr Lawsky has accused the bank, which employs nearly 90,000 people worldwide, of breaking money-laundering rules and processing $250bn of transactions on behalf of Iranian clients. The regulator has given the bank until next week to “demonstrate why [the bank’s] license to operate in […]
If the homeowner tried anything like what the banks are doing he would be sanctioned in addition to having his claims dismissed. either you have the goods or you don’t. If the trustee did due diligence, if the servicer did due diligence then they would have in their possession BEFORE sending a Notice of Default […]
Editor’s Note: The allegation was that the Pension Fund was misled into buying securities backed by risky mortgages from the now defunct New Century Financial. The importance of this is that it corroborates what we have been saying all along. The pension funds were required by law to invest in “stable” funds which means in […]
Sign Up For Half Day Homeowners Seminar: GET EDUCATED in Anaheim, CA! Sign Up for Full Day Seminar in Emeryville (San Francisco) Sign Up for Full Day Seminar in Anaheim (Los Angeles) “Lawyers who want real traction (instead of delay) in court will get specific narratives on how to use the DENY and DISCOVER strategy, […]
BUYERS SHOULD BEWARE OF “GREAT DEALS” AND ASK CITY OFFICIALS FOR REAL DATA “You have to ask yourself the question “WHY?” why would banks reject modifications where borrowers would keep paying and instead foreclose and then abandon the house. Something is going on here.” — Neil F Garfield, livinglies.me “The real answer is to go […]
Editor’s note: One of the tricks in civil procedure that has gone over the heads of some Judges is that the banks and servicers are refusing to comply with discovery, and while their refusal is subject to a later hearing they proceed with the foreclosure because there is no TRO. In this case, Judge Tarle […]
U.S. Bank, Trustee of What? U.S. Bank shows up in many foreclosure cases and many cases that go into litigation. I believe they are allowing the use of their name for a fee and that they have little or nothing to do with most of the cases where their name is used. A little discovery […]
Thank you to all of you who were able to contribute to our intern program for the summer. We raised the necessary funds to complete the summer program. Below are listed some of the accomplishments to date and we still have 6 weeks to go in the program. Our interns have contributed so much to […]
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