Archive for 'Eviction' Category
Wilbur Ross’s American Home Mortgage Faces Servicing Lawsuits By David McLaughlin – Oct 28, 2010 8:59 AM ET * * Tweet * LinkedIn * Share o Business Exchange o Buzz up! o Digg * Print * Email W.L. Ross & Co. CEO Wilbur Ross Wilbur L. Ross Jr., chairman and chief executive officer of W.L. […]
SEE ALSO securitization-understanding-the-risks-and-rewards?page=1 Subprime debacle – the truth emerges: Part 2 Posted by Anthony Harrington, October 28, 2010 Recommend this Article 0 Comments Login to add your comment Anthony Harrington Amongst the real horrors perpetrated during the subprime disaster, such as the many outright frauds practised on US homebuyers who should never have been re-mortgaging […]
AZ Ct Sustains Action for Fraud SCAN1516_000 We thought we’d be required to wait longer for a decision like this in Arizona. The decision is not particularly novel. The Borrower sued for misrepresentation and the “lender” defended on all the usual grounds that usually either freezes the case or ends up bouncing the Borrower out […]
Some homeowners say the banks tried to foreclose on a house that did not even have a mortgage. Others say they believed they were negotiating with the bank in good faith. Still others say that even though they are delinquent on their mortgage payments, they deserve the right to due process before being evicted. Some […]
EDITOR’S NOTE: THIS IS THE SAME WELLS FARGO WHO ON OCTOBER 20 TOOK A VERY “COMPETITIVE” STANCE INSISTING THERE WERE NO ERRORS. 7 DAYS LATER, OOPS! October 27, 2010 Wells Fargo to Amend About 55,000 Foreclosures By ERIC DASH After several weeks of insisting its foreclosure processes were sound, Wells Fargo & Company said on […]
Posted: 8:27 pm Tue, October 19, 2010 By Steve Lash Daily Record Legal Affairs Writer ANNAPOLIS — Maryland’s highest court on Tuesday approved an emergency rule designed to identify and weed out irregularities in the mortgage foreclosure process. The new rule, which takes effect immediately, allows circuit courts to appoint independent lawyers to review foreclosure […]
“It’s funny, when I finally lost the house, I started sleeping,” he said. “I cry sometimes, but at least I sleep now.” EDITOR’S NOTE: Somebody needs to get the message to Spanish victims of these mortgage frauds that they have remedies too. This is the same story with the same excuses. The message: we must […]
10.27.2010 KATHERINE PORTER SENATE testimony-102710-porter see also 10.27.10 OHIO AG ROBO AMICUS BRIEF ParmaForeclosureBrief Katherine Porter is a visiting law professor at Harvard. Her 2007 study was the seminal work on mortgage and foreclosure irregularities. She found that 40% of the notes had been “lost” or destroyed. The following is an excerpt from her testimony […]
10.27.10 JUDGE SCHACK ROBO DISMISSAL-Onewest-Bank-F-S-B-v-Drayton[1] With crushing clarity, Judge Shack in New York has made it crystal clear that the finesse of recording requirement for real property and splitting the note and mortgage won’t work under his watch. The quoted segments of testimony from a robo-signer shows criminal responsibility on the part of the robo-signor, […]
Editor’s Note: A good start, but without correction of the principal due to reflect reality, there is no major incentive for borrowers to do this. Eventually they will walk away. FDIC’s Bair Proposes ‘Global Solution’ to Foreclosure Mess By Peter Barnes Published October 26, 2010 | FOXBusiness One of the nation’s top bank regulators is proposing a […]
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