Archive for 'Corruption' Category
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “This could potentially mean that 60 percent of homeowners in this country are currently paying on unsecured debt – which can be dealt with in bankruptcy.” EDITOR’S COMMENT: A couple of million here, a couple of million there, the next thing is you’re talking real […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “In hundreds of thousand of cases, the promissory note that proves a bank owns a borrower mortgage is now gone. Vanished. Some borrowers may walk away scot free. In other instances, banks may be forced to dramatically reduce what a borrower owes. Many foreclosures have […]
submitted by David Editor’s Comment: This underscores the reality of the situation. Whereas the borrower thought the lender was disclosed, was underwriting the loan and was taking the risk and therefore was interested in the viability of the loan, none of those things were true. The party disclosed as the “lender” was not the source […]
EDITOR’S COMMENT: Maher has a done a pretty good job of listing the documents that you might want to see to prove your point about the authenticity of the transfers and whether the loan ever made it into an actual, existing pool. EVIDENCE : PRODUCTION OF DOCUMENTS By M.Soliman EXHIBITS, FINANCIAL STATEMENT SCHEDULES (a) (1) […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Editor’s Comment: Just like the bogus foreclosures that preceded them, the banks say they own the REO property they acquired with an illegal credit bid but they don’t want to REALLY own it and be responsible for code compliance utility bills and all that fun […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary In his experience, Mr. Shaev said: “The attorneys who represent the banks invariably state that they will get the collateral file for us and prove that the banks had possession of the documents at the appropriate time. But then when we review the file it […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary The Truth in Lending Act from 1968 gives borrowers the “right of rescission,” the ability to undo a home refinancing or home equity loan within three years of the closing if the lender did not make proper disclosures — generally of the loan amount, interest […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary The most persistent problem facing homeowners today is that in any challenge to the apparent “lender” there are presumptions that arise in the mind of the court in favor of the supposed creditor and against the homeowner. Using rescission as a procedural tool, along with […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary At the core then is a simple question: which is more important — people or money? I thought the United States Constitution made that clear and gave Americans the 2d, 4th, 5th, 9th and 14th Amendments to make sure they could enforce it. But now […]
Editor’s Comment: As long as we believe that we are included in the aristocracy we will never see them as the source of our own oppression and we will even vote for them. So it LOOKS like a democracy but it isn’t. It looks like the rule of law but it is the rule of […]
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