Archive for 'securities fraud' Category
Editor’s Note: Same caveat as before — this consent ruling, although potentially persuasive to other courts is not evidence of the violations in and of itself, but provides a good pep talk to attorneys out there who are too timid to make statements about the treachery in the acts of the Bank of America, and […]
People are asking in emails and calls why I think this decision from Washington State is so basic and decisive. So here is my answer. If MERS was right, then there would be no point to having a statutory scheme for recording of deeds and mortgages. Let’s take a simple example, if MERS was named […]
THE WASHINGTON SUPREME COURT DECISION WILL BE USED EXTENSIVELY AT THE EMERYVILLE AND ANAHEIM CLE WORKSHOPS. The Stunning clarity of the decision rendered by the Washington Supreme Court, sitting En Banc, corroborates the statements I have made on this blog and under oath that they might just as well have put the name “Donald Duck” […]
Whether it is just battle fatigue or simply good business sense, homeowners are looking at short sales, getting cash for keys and trying to get relocation fees to move. The banks are loosening up their standards for short-sales because failure to do so clearly reveals their malevolent intent to steal homes that they could not […]
In responding to an attorney request, I thought the end product, while not perfect, was worthy of sharing with our readers, especially the lawyers and paralegals. Hat tip to Dan Hanecek who wrote most of it. In compliance with Code of Civil Procedure Section 2033.220, each response to the requests for admission shall: (a) Admit […]
First thing to add to the list of things you ought to know before you buy is (a) whether the home is part of an Homeowners Association or Condominium or Cooperative association and second whether there are major repairs that are needed or under way because that may mean really big assessments. Once you have […]
Dan Edstrom, our senior securitization analyst who will be one of the presenters in both the San Francisco (Emeryville) seminar and the Anaheim Seminar, ran across some material that should assist many homeowners and attorneys representing homeowners. Remember that part of the seminar is devoted to the business model for making money — a lot […]
NOTE: Dual tracking and loan origination fraud by the banks will be a prime topic explained in detail by Neil Garfield, Dan Edstrom and Jim Macklin at the upcoming seminars. At the Sign Up for Full Day Seminar in Emeryville (San Francisco), a specialist from Nevada will present the issues in mediation and forcing the […]
Whether it is in Bankruptcy Court, Federal Civil, or State Civil, the trend is obvious — more and more cases are being settled, modified or otherwise resolved outside the courtroom. In some cases, the settlement is relatively easy, with the pretender lender agreeing to sharp principal reductions and long term paybacks at low fixed rates. […]
We can’t say the tide has totally turned but we definitely changed the course of the ship of foreclosures. By fighting tooth and nail across the nation, we and others like us are drawing blood in litigation, legislation and other efforts. The multi-state settlement has not been the reason. If anything it was meant to […]


