Archive for 'Eviction' Category
finance-and-the-housing-bubble Explaining The Housing Bubble Levitin and Wachter SSRN-id1669401 EDITOR’S NOTE: These articles and treatises are important for many reasons and you should read them and use them in briefs because they capture the truth of much of what was in process during the mortgage meltdown crisis 2001-present. But I think the most salient point […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary The essential component of every loan that was never revealed to either the lenders (investors) nor the borrowers (homeowner/investors) was the addition of co-obligors and terms that neither the investor nor the borrower knew anything about. The “insurance” and other enhancements were actually cover for […]
Foreclosure Nightmare – MERS – No Legal Foundation By Joel Skousen Editor – World Affairs Brief 10-15-10 Begin Excerpt – The role of the Mortgage Electronic Registration System (MERS) throughout the foreclosure furor is interesting-mostly because there is no legal basis for its role. It was created out of whole cloth by the investment bankers who […]
Editor’s Note: Interesting that this got zero attention from the press. This is the first official recognition of two things we have been saying here for 3 years: For the Borrowers, there can be no effective modification nor any inducement to go into a modification unless there is a very substantial principal reduction such that […]
by Matt Weidner on IRS Form 938 Sometimes this all becomes a bit too overwhelming, trying to unravel this whole foreclosure cataclysm. This is so far beyond the simple situation where a borrower borrows money from a bank and doesn’t pay….that bank is clearly entitled to their money back. I’m a fairly bright guy with […]
Submitted by Bob Hurt STATE OF FLORIDA OFFICE OF THE ATTORNEY GENERAL DEPARTMENT OF LEGAL AFFAIRS ______________________________________ ECONOMIC CRIMES INVESTIGATIVE SUBPOENA DUCES TECUM “You,” “Your” or “DOC X” as used herein means DOCX, L.L.c. and any of the respondents, their agents and employees or any “affiliate” of the aforementioned entities, as that term is herein […]
Wall Street Journal In any case, analysts say the efforts could force banks to disclose difficult-to-obtain information about the loans, such as how poorly they might have been originated or are being managed. Some investors “had no idea that their money was being invested in mortgage-backed securities,” said Mr. Franklin. “And yet somehow these people […]
From one of our readers Please see this link: www.azag.gov/press_releases/oct/2010/Mortgage%20Loan%20Servicer%20Letter.pdf which is a letter from the AZ AGs office put out this past week. It has been suggested that anyone with a foreclosure issue call or visit their office and explain to them the fraud that has been perpetrated through their mortgage documents. Below is […]
See also Genie Out of the Bottle — Kwak– Baseline Scenario See also more-evidence-of-bank-fubar-mortgage-behavior-florida-banks-destroyed-notes-others-never-transferred-them.html See Also diana-farrell-and-the-white-house-theory-of-bank-size Editor’s Comment: It must be emphasized that what the banks are being forced to “buy back” is not the loans, it’s the mortgage bonds at face value because there were no loans in the pools. The banks may […]
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