Archive for 'Uncategorized' Category
By the LendingLies Team A top advisor to GOP presidential nominee Donald Trump stated on Monday that the party wants to reimplement Glass-Steagall. Glass-Steagall was depression-era legislation that was designed to prevent big banking monopolies but was repealed in 1999. It is rumored that Wall Street sources fear Trump would reverse course on policies that […]
1sT Appellate District US Bank v Naifeh: “… we conclude that a borrower may rescind the loan transaction under TILA without filing a lawsuit, but when the rescission is challenged in litigation, the court has authority to decide whether the rescission notice is timely and whether the the procedure set forth in the TILA (sic) […]
Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays Tonight on the Neil Garfield Show, Neil will conduct a Question and Answer session. CALL IN at (347) 850-1260. Please keep your question SHORT, PRECISE and GENERAL. Please do NOT plan a long narrative […]
Void means that the instrument meant nothing when it was filed, not that it is unenforceable now. Why Quiet Title Actions Often Fail Homeowners often ask about using a quiet title action to clear fraudulent mortgage claims. But the truth is: quiet title is a very limited remedy. Quiet title can only remove instruments that […]
The Fair Housing Financing Agency has announced the details on the principle reduction program. The program is severely limited and requires that reductions be made only to owner-occupied borrowers who are 90 days or more delinquent as of March 1, 2016. The program will only apply to borrowers whose mortgage have an outstanding unpaid balance […]
http://www.usatoday.com/story/money/2016/07/18/fraud-complaints-cloud-foreclosure-relief/87103512/ n 2012, after a heart attack left him too ill to work and unable to make his mortgage payments on time, John M. Green turned to the Litvin Law Firm for help. Green, according, in part, to records he provided to federal bankruptcy court, said he paid the firm about $8,000 over the next […]
In addition to defrauding the borrower whose signature will be copied and fabricated for dozens of “sales” of loans and securities deriving their value from a nonexistent loan contract, this distorted practice does two things: (a) it cheats investors out of their assumed and expected interest in nonexistent mortgage loan contracts and (b) it leaves […]
From Mark Hanson Advisors: http://mhanson.com/7-5-hanson-house-prices-ready/ The mind-numbing Case-Shiller regional charts below are presented without too much comment. The visual says it all. Bottom line: Q: If 2006/07 was the peak of the largest housing bubble in history with affordability never better vis a’ vis exotic loans; easy availability of credit; unemployment in the 4%’s; the […]
See:http://www.law.com/sites/articles/2016/07/15/unpublished-opinions-for-the-week-of-july-18-20116/?slreturn=20160615173820 15-4- 9718 Anim Inv. Co. v. Shaloub, N.J. Super. Chan. (Jerejian, J.S.C.) (13 pp.) Defendants borrowed $178,000 from Mina Investment Co. in September 1990, executing a mortgage in favor of MERS as nominee for Mina the same day. Defendants defaulted on the mortgage in November 1990. The mortgage was assigned to plaintiff in 1997. […]
By the Lending Lies Team http://www.zillow.com/research/foreclosures-and-wealth-inequality-12523/ Losing your home by foreclosure to a bank that used fabricated documents to foreclose is a tragedy that has tainted the American dream for millions of Americans. The process is unjust, unlawful and dehumanizing. But even years after the former homeowner has moved forward with their lives they sustain […]


