Archive for 'Eviction' Category
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S NOTE: This is exactly what the BAP appellate judges said when I listened in on an appeal — that they had several occasions in which on the same docket, two completely unrelated parties both claimed to be the holder of the original note and both […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S COMMENT: All they are seeking to do is restate the obvious — that if the foreclosure is not done properly, title will never be clear — a point that we have been making for three years here. It is a very hot issue since the […]
Bank of America Takes $533,500 Loss on Barbara Desoer’s Home Posted on March 11, 2011 by Foreclosureblues Today, March 11, 2011, 6 hours ago | ceramic cat FROM: http://blogs.wsj.com/deals/2011/03/1…_share_twitterBank of America Corp. is fighting an effort to force U.S. banks to reduce the amount some borrowers owe on their mortgage. But property records show that the […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S ANALYSIS: WHAT IS THE EFFECT OF TRADING, BUYBACKS, RECONSTITUTED “TRUSTS” ON THE CLAIMS OF “OWNERSHIP” OF THE LOANS?” Up in the clouds of finance and trading desks they are creating accounting entries indicating transfers of mortgage backed bonds. AIG announced it is “buying back” $17 […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ NOTABLE QUOTES FROM NY TIMES ARTICLE BY FLOYD NORRIS: A surprising citadel of that second-guessing is at the International Monetary Fund, where researchers this week concluded that the rescues “only treated the symptoms of the global financial meltdown.” The researchers, Stijn Claessens and Ceyla Pazarbasioglu, warned […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S QUESTION: Just what do they expect these people to do? The actual number of underwater homes is now approaching 20 million or 40% of all homes — again because of the way they measure it, leaving out things that directly affect the actual price paid […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ I’ve been hearing conspiracy theorists tell me that the states didn’t want to stop foreclosures, they wanted to keep them going and speed them up BECAUSE the court administrators had done the math, especially in states like Florida, where the filing fees are so high. As […]
Collapse of David J. Stern law firm throws foreclosure courts into disarray By Susan Taylor Martin, Times Senior Correspondent In Print: Wednesday, March 9, 2011 Attorney David J. Stern, whose law firm was once known as Florida’s top foreclosure “mill,” owns this $16 million Fort Lauderdale home. Now, as Stern himself faces financial difficulties, some […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ SEE modification-plan-sought-follow-the-money-not-the-paperwork EDITOR’S NOTE: Moynihan is pulling out the old argument, trying to stir up people who have been paying their mortgage so he and the other mega banks won’t be required to cough up trillions of dollars they stole through fraudulent appraisals of property inducing […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S NOTE: Well we already knew that his son was working in SEC enforcement so it should come as no surprise that the SEC attorney that was involved in payouts to victims was also involved with Madoff. In fact, it should be no surprise that hundreds […]
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