Editor’s Note: Baltimore decided to take on one of the worst “Club 100” players in the mortgage meltdown, Wells Fargo. The thrust of their argument is that Wells Fargo targeted poor people and made a bad situation worse, causing collateral damage all over the city. Baltimore will now file a narrower amended complaint, but the […]

Tags: Baltimore, John p. Relman, Judge J. Frederick Motz, Michael, New York Times, Powell, securitization, subprime mortgages, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

See AOSC09-54_Foreclosures. A good step in the right directions. I would add that you should be very careful that you don’t get trapped into the “lender narrative.” The Judges are going to very receptive and even enthusiastic about referring these cases to mediation, so don’t annoy them with motions, pleadings or hearings that attempt to […]

Tags: administrative order, discovery, Florida, forensic analysis, intake form, interrogatories, mediation, request to produce, Supreme Court, TILA audit
Posted in bubble, Corruption, Eviction, securities fraud |

Thanks to Gator Bradshaw Editor’s Comment: Like I said, the investors and the homeowners have a lot of interests in common. When they finally get together and compare notes, they find a giant donut hole where assets or money were supposed to be. The amount of theft or undisclosed fees and profits staggers the imagination. […]

Tags: CalPERS, conflict of itnerest, Donald Bradshaw, fiduciary, fraud, lawsuits against servicers, pooling and service agreement, PSA, securitization, servicers, syndicate, toxic mortgages
Posted in bubble, Corruption, Eviction, securities fraud |

more than 8,000 appraisers – roughly 10 percent of the industry – have signed a petition asking the federal government to take action. “There are a lot of people who have refinanced for more than their homes are actually worth and they’re effectively already upside down even without a real estate bubble bursting,” said Callahan. […]

Tags: Appraisal, Appraisal Institute, CNN, fraud, National Mortgage Complaint Center, Sarah Max
Posted in bubble, Corruption, Eviction, securities fraud |

THANK YOU FLORIDA DEFENSE TEAM!!! TRUSTS + NON RESIDENT COST BOND = BIG PROBLEM FOR MILLS Is Mortgage Held in a trust? Pin them down in Discovery to answer if they’re complying with State Law. Compel if need be. Admission will be damning. Avoidance will be telling. A Motion to Dismiss for failure to file […]

Tags: BOND, civil procedure, Florida, Florida Bar ethics, FLORIDA DEFENSE TEAM, Florida Rules of Judicial Administration Rule 2.060(f), Florida Statute 454.20, foreclosure, foreclosure defense, foreclosure offense, NON-RESIDENT COST BOND, trustee, TRUSTS
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Comment: Any lawyer who does not think that issues relating to foreclosure will not dominate his or her practice of law is in a state of denial and delusion. The 16% drop in new home-sale contracts (see article below) means a similar or worse drop in sales over the next 30-60 days. As we […]

Tags: ARIZONA, creditors, deficiency, FICO, home values, homeowner, inflated mortgages, lenders, mortgage modification, National Assocation of Realtors, principal reduction, short sales
Posted in bubble, Corruption, Eviction, securities fraud |

In the complaint, the plaintiffs’ lawyers contend that Credit Suisse and Cushman & Wakefield conspired by setting up a Cayman Islands branch to circumvent federal law on real estate appraisals. Credit Suisse knew the resorts would most likely default under the weight of inflated values, which would allow the bank to take ownership as agent […]

Tags: appraisal fraud, audit, Credit Suisse, disclosure, foreclosure defense, foreclosure offense, fraud, inflated values, inflation, Lender Liability, predatory lending
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: READ this Tampa Tribune article ALL THE WAY through. It exposes the cracks you should exploit. The clerical staff of foreclosure mills, sometimes charged with the responsibility of fabricating documents, has no idea what they are doing. The paralegals don’t know anything about the loan, the securitization, or anything else. The junior lawyer […]

Tags: clerical staff, creditor, David J Stern, discovery, Echevarria, fabricating documents, Florida, Florida Default Law Group, foreclosure mills, Jim Kowalski, junior lawyer, Marshall C Watson, Michael Sasso, mortgage securitization, paralegals, Shapiro & Fishman, Tampa Tribune
Posted in bubble, Corruption, Eviction, securities fraud |

NOW AVAILABLE ON AMAZON/KINDLE!!! This is why it is critically important that (a) you get help in organizing your information (b) getting a forensic analysis, review or even a TILA Audit (c) that you secure a third party expert declaration that puts the the facts in issue and (d) that you aggressively pursue discovery without […]

Tags: Bahamas, Cayman, declaration, defaults, discovery, expert witness, forensic analysis, Glass Steagel, homeowners, intake assistance, intermediaries, investors, Mortgage, mortgage securitization, note, Obligation, SIV, structured investment vehicles, TILA audits, toxic loans
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary SEE CHART OF WACHOVIA SECURITIZATION TRACKING THE MONEY FLOW I don’t think I published this before. Our very own Dan Edstrom, senior securitization analyst, is the one who did it. Amazing work. This gives you an idea of what he can do for you if […]

Posted in bubble, Corruption, Eviction, securities fraud |