Archive for 'securities fraud' Category
See Judge Long’s Decision – Make sure you shepardize 384283_Ibanez Larace motion to vacate memorandum Oct2009Misc 384283 and Misc 3867551 when a foreclosure is noticed and conducted for one party by another, the name of the principal must be disclosed in the notice. the plaintiffs themselves recognized that they needed assignments in recordable form explicitly […]
See DEUTSCHEBANKv BANKOFAMERICA This is an action for (1) damages for breach of contract resulting from BOA’s failure to secure and safeguard over $1.25 billion worth of cash and mortgage loans that it was contractually obligated to secure on behalf of DB and (2) contractual indemnity for the losses caused by BOA’s negligent performance of […]
Editor’s Comment: Lawyers Take Notice! This is a career, not just a niche. Real Estate Bull Laub Sees Unprecedented Workout From Bad Debt By Beth Williams and Stuart Bern Jan. 13 (Bloomberg) — Kenneth Laub has been through three commercial real estate boom and bust cycles during almost five decades as a broker and consultant […]
From Christopher Very first page of closing jacket reads, and I quote: “Two complete closing packages –one for you to open and review prior to your closing –one for your closing agent to open (please keep this package sealed until your closing agent arrives).” also, quote: “At the scheduled closing meeting, the closing agent will […]
Editor’s Note: You see they have no shame. If they can get money they are going after it only this time the ones going after deficiency judgments and collections are usually not even the original people who foreclosed. This is why you MUST fight it, file motions to set aside for fraud, petition for bankruptcy […]
January 27, 2010 New York Times see also an-investigator-presses-to-uncover-bailout-facts-neil-barofsky Two at Fed Had Doubts Over Payout by A.I.G. By GRETCHEN MORGENSON and LOUISE STORY Weeks after rescuing the American International Group with an $85 billion taxpayer loan in late 2008, Federal Reserve Board officials rejected a proposal that would have forced the insurer’s trading partners […]
So in Chapter 11 for the big boys they address reality and treat the value of the property the way it is. But in individual little guy petitions for relief in bankruptcy court, they stick you with the entire amount of the Note even if the security is only worth 20% of the “principal.” And […]
Since this question keeps popping up I figured I would take a shot at it. The theory is that by asking for a jury verdict you are taking the matter out of the hands of a politicized judge and putting it in the hands of what is likely to be a very angry jury pool […]
And then there is the main question which everyone on Wall Street is stonewalling: were the obligations created in mortgage origination paid off by government or insurance? To put it another way, were the homeowners already bailed out and don’t know it? Editor’s Comment: Barofsky is like Elizabeth Warren — someone Wall Street doesn’t like, […]
see Morality NO Issue in Big Strategic Defaults Of residential property Why Not for Homeowners No Worries About “Morality” in Biggest Real-Estate Default in History Posted Jan 25, 2010 11:59am EST by Henry Blodget in Investing, Recession, Banking, Housing Related: dia, spy, xlf, len, kbh, blk Over the past few months, arguments have raged about […]
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