In the context of the Mortgage Meltdown-Securitization Frenzy, it just might be possible that most of the promissory notes issued by homeowners on refinancing or purchasing their homes are lost and destroyed. It might even be all of them. If that is the case, it can be argued that nobody is entitled to receive payments […]

Tags: assignments, Cayman Islands, foreclosrep, promissory note, servicer, structured investment vehicles, Taylor Bean, trustee, Wells Fargo
Posted in Eviction |

by Brad Keiser Now Comes The Finger Pointing It was only a matter of time until we began to see the finger pointing with regard to our current mortgage crisis. This morning I am going to summarize an article I found in Fortune Magazine Online written by Peter Eavis. In this article Eavis attempts assign […]

Tags: appraiser, brad keiser, foreclosure, lender, mortgage meltdown, Wall Street
Posted in Eviction |

LITIGATORS AND LITIGANTS WHO ARE FIGHTING FORECLOSURE AND USING OFFENSIVE STRATEGIES TO RECOVER REFUNDS, REBATES AND DAMAGES FROM THE COLLECTION OF COMPANIES THAT RAN UPLINE AND DOWNLINE FROM THE LENDER SHOUDL TRACK THESE LAWSUITS AND EVERY FIILNG — THERE IS A LOT OF GOLD IN THOSE PLEADINGS AND A LOT OF WORK YOU WON’T BE […]

Tags: Appraisal, balance sheet, Buffalo, Deutsch Bank, FASB, foreclosure defense, lawsuits, Michigan, rating, Wells Fargo
Posted in Eviction |

The inflated appraisals that run at the core of the mortgage meltdown context and crisis results in a number of claims against the lender, the appraiser, the mortgage broker, the real estate broker, the developer, and entities upline in the securitization process, plus the insurance companies carrying errors and omissions and other assurance on those […]

Tags: Appraisal, APR, damages, good faith estimate
Posted in Eviction |

It is hard to compute the total damage to everyone, but it seems pretty clear at this point that EVERYONE is effected. Every government agency involved with real estate taxes, and government service funded by real estate taxes, every homeowner who sees his home equity decline, every neighborhood that turns into a “deferred maintenance” junkyard […]

Tags: appraised value, borrower, government services, home equity, organized crime, real estate distress, real estate taxes, vandalism
Posted in Eviction |

If you dig deep enough you will find that it wasn’t hard for regulators to figure out that we were heading for a “shock.” It wasn’t hard to figure out that there were abuses traveling downline to borrowers and upline to investors. And it wasn’t hard to figure out that the securities issued at both […]

Tags: ABS, CDO managers, default, derivatives, loans, plausible deniability, risk, subprime, tranche
Posted in Eviction |

And now, because nobody stepped in before the flood began, a new industry is born — bigger than personal injury lawsuits — it the flood of claims under TILA, RESPA, RICO, Securities laws, common law fraud and state and federal laws concerning false and deceptive business practices. People will be rescinding or simply voiding their […]

Tags: AAA rating, foreclosure defense, mortgage meltdown, rescission, RESPA, RICO, securities, TILA, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

By Brad Keiser, 6-13-08 My friend Tom and I coach our daughter’s basketball team together. Tom is in the aviation fuel business but is a pretty innovative guy both in coaching and in business. He asked me the other day, “Brad, you are a former banker isn’t there some way for an opportunistic guy to […]

Tags: CD rates, foreclosure, home sales, Jim Cramer, lender, real estate investing
Posted in bubble, Eviction |

Housing Crisis Bankrupts Vallejo By Kent Anderson, Oregon Bankruptcy Attorney on Jun 11, 2008 in Bankruptcy Cases of Interest, Bankruptcy Legislation, General Bankruptcy Information The crisis caused by dramatic changes in the home lending markets has claimed a new victim.  This time it is not a bank or mortgage lender, it is instead a working class suburb of San Francisco that […]

Tags: credit crisis, foreclosure, Housing crisis, HR 5818, Neighborhood Stabilization Act, towns bankruptcy, Vallejo
Posted in Eviction |

Well, there is matter of ethics here but the claims of fraud are far from accurate and the complaints come from the perpetrators of a geater fraud. So for what it’s worth, here is a strategy that seems to be working for some people: Some Buy a New Home to Bail on the Old Fannie […]

Tags: bailout, Fannie MAe, foreclosure, new home, second home
Posted in Eviction |