Dist Ct. Case No. 2-09-CV-00661-KJD-L Bankr. Ct Case No. BK-S-07-16645-LBR MERS_Hawkins-DistCtAffirmsBK Appeal by MERS from Bankruptcy Court decision denying MERS’ motion for lift of automatic stay in 18 cases. Affirmed by District Court. The significance of this decision is that it gives a simple explanation for the findings by dozens of other judges. Here are […]

Tags: bankruptcy court, MERS, motion to lift stay, realparty in interest, standing
Posted in bubble, Corruption, Eviction, securities fraud |

The value added tax (VAT) has been around for decades in other countries. It is predicated on the  idea that ALL people should share in the cost of government. The way it works (see below) is that the government picks up 10% (for example) of each stepof the production and sales process. It is normally […]

Tags: aggregator pool, fraud, income taxes, mortgage bonds, Selling Agent, shell game, SPV, SPV pool, trust, VAT, Wall Street, Yielde Spread Premium, YSP
Posted in bubble, Corruption, Eviction |

Thank You Deontos: This is the elephant in the living room. Once addressed it will be the largest title problem the country has ever seen. There is no continuity in the chain of title. There can’t be any such continuity. The phrase “toxic title” is a good one. Use it even in your correspondence.   The […]

Tags: Elizabeth Duke, Federal reserve, Mary Kane, Toxic title
Posted in bubble, Corruption, Eviction, securities fraud |

Thank You STeven Kop for staying on top of this. All this bill does is level the playing field. Large loans in Chapter 11 can be stripped down to their real value but not so for the little guy who just has a house. It’s one more step in the right direction. This bill will […]

Tags: Congress Daily, CPA, House Judiciary, House Rules Commmittee, John Conyers, Wall Street Reform and Consumer Protection Act
Posted in bubble, Corruption, Eviction, securities fraud |

Sheila Bair has finally let the trial balloon out of the bag. Just watch what Wall Street does to position Bair as some kind of kook. In truth, she ought to be running the financial part of this recovery although the FDIC is supposed to insure deposits, not necessarily write offs of bad loans. Bottomline, […]

Tags: Amnesty for Everyone, borrwers, FDIC, lenders, losses, modification, principal reduction, recovery, seized banks, settlement, Sheila Bair
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  NOW AVAILABLE OF AMAZON/KINDLE! EDITOR’S NOTE:MY WIFE WILL KILL ME IF SHE FINDS OUT I’VE BEEN WORKING. SHHHHHHHHH. This news is irresistible. MERS is all but dead with this single decision (see below). Here are the salient points:   MERS is not a beneficiary even if the mortgage deed or deed of trust states […]

Tags: affifrmative defenses, allonge, assignment, bankrupty, beneficiary, cloud on title, DEED OF TRUST, defenses, discovery, interrogatories, invalid deed of trust, invalid mortgage deed, Investigation, lack of standing, lawsuit, MERS, money judgment, mortgage deed, motion for contempt, motion to lift stay, motion to strike pleadings, motion tocompel, notice of deposition, real financial interest, request for access, request for admissions, request toproduce, RESPA, standing, TILA, unsecured loan, unsecured obligationunsecured note, void deed of trust, void mortgage deed
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EDITOR’S NOTE: Earth,the final frontier. Somewhere there are people who grasp the concept of reality. But to give credit where credit is due Floyd gives primary print space to contrary points of view. Even better, he shows his professionalism by asking the two questions (1) why would banks lose the note and (2) “what am […]

Tags: borrowers, cash equivalents, credit default swaps, DESTROYED NOTE, discovery, financial loan product, Floyd Norris, investors, lost documents, lost note, Ny Times, two pools
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Thank you June Reyno and Poppa Koppa for this Post There is a myth going around that once the eviction and unlawful detainer are completed, and after the Sheriff has thrown you out of your own home, there is nothing else you can besides try to rent the property. Not So! There are numerous ways […]

Tags: Eviction, Fannie MAe, Freddie Mac, June Reyno, poppa koppa, rental deals, Sheriff, Unlawful Detainer, writ of possession
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Thank You ABBY! This post is from Abby. You can catch her email in comments where she originally posted. Just one word of caution: Just because the Trustee or officer of the SPV pool claims to have your loan doesn’t mean they really do. In fact they may only have a spreadsheet with no documentation, […]

Tags: AGGREGATOR, allonge, assignment, Chase, CIK number, COK, DEED OF TRUST, fwp, JP Morgan Acquisition Corp, JPMAC, MERS, mortgage backed bonds, officer, original note, pool, pooling and service agreement, Power of Attorney, PSA, SEC, SPV, trust, trustee, WAMU, Washington Mutual
Posted in bubble, Corruption, Eviction, securities fraud |

The way the media tells it, there are million of bargains out there that will be the house of your dreams and will make you rich. If it seems too good to be true, that would because it IS too good to be true. As a backdrop to this discussion remember that there are over […]

Tags: Acknowledgment, amortization, authority, bank, bargains, buyers, COnsumer Price INDex, CPI, DEED OF TRUST, FINAL JUDGMENT, foreclosed home, forecloser, friendly quiet title action, General release, Hold Harmless, homeowner, Indemnification, Lease, note, REO, rescission, title policy, warranty deed
Posted in bubble, Corruption, Eviction, securities fraud |