Archive for 'Corruption' Category
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 […]
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 […]
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; […]
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 […]
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 […]
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 […]
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 […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary see MD Foreclosure INDEMNITY AGREEMENT EDITOR’S NOTE: WHETHER IT IS IN WRITING OR NOT, VIRTUALLY ALL TITLE INSURANCE UNDERWRITERS THAT ARE INDEPENDENT FROM THE MEGA-BANKS ARE ISSUING DIRECTIONS AND RESTRICTIONS REGARDING INSURING TITLE ON PROPERTY INVOLVING ANY ALLEGATION OF SECURITIZED MORTGAGES AND ESPECIALLY IF THEY […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary COVER-UP CONTINUES EDITOR’S COMMENT: Confused? Ally, wholly owed by GMAC, which is 80% owed by our Federal government has agreed to pay $462 MILLION on “repurchase demands” (i.e. legal damages) to Fannie Mae (FNMA, wholly owned by our Federal Government) for losses attributable to $292 […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: Wray has it right. This is the way it should turn out. And if the shoe was on the other foot it would happen because consumers usually take the hit. Yet it seems unlikely that this scenario will play out in the manner […]
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