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It’s not just a really good brief, it is a good resource. I recommend everyone read it. While it is specifically and powerfully directed against MERS, it also attacks the heart of the securitization scheme in terms of its effect “on the ground.” You can learn a lot about the mortgage mess just by reading […]
GET LOAN SPECIFIC RECORDS PROPERTY SEARCH AND SECURITIZATION SUMMARY Editor’s Note: Every time a lawyer, Judge, US Bankruptcy Trustee stops to actually look at the paperwork, the result is the same. The game is your would-be forecloser to get the Judge to avoid scrutinizing the documents. It works in most cases because either the debtor […]
Missouri 6 03 10 RE-BOX-Order-Denying-Motion-for-Relief-From-Stay1 US Trustee opposed the relief, not the debtor. IN RE BOX In re: MARTY EUGENE BOX and TAMMY JEAN BOX, Debtors. Case No. 10-20086. United States Bankruptcy Court, W. D. Missouri. June 3, 2010. ORDER DENYING MOTION FOR RELIEF FROM STAY ARTHUR B. FEDERMAN, Bankruptcy Judge BAC Home Loans Servicing […]
Decision issued June 2, 2010: Mabry decison on appeal california case Yeah for us!! I’ll add to this comment later, but I wanted you all to see that one step at a time, the noose is tightening for these “Pretender Lenders.” While the issue was whether contact had been made as required by California statue, […]
The Great Unwind and the Final Redemption by O. Max Gardner What we are experiencing is called the global credit crisis for a reason. There is too much debt in the world. There is too much oil in the Gulf of Mexico and too little oil in the rest of the world. What used to […]
29248253-Mers-May-Not-Foreclosure-for-Fannie-Mae Editor’s Note: Their intention was to get MERS and servicers out of the foreclosure business. They now say that prior to foreclosure MERS must assign to the real party in interest. Here’s their problem: As numerous Judges have pointed out, MERS specifically disclaims any interest in the obligation, note or mortgage. Even the language […]
By James R. Hagerty Barclays Capital The numbers through March 2010 are estimates, the rest are projections. It’s a bit like guessing how many pennies are in a gallon jug at the state fair, but housing analysts keep trying to count how many foreclosed homes banks and mortgage investors own. Why should we care? Unlike […]
The notion that nobody is going to approve of borrowers getting a free house is a myth. It isn’t up to anyone but the people who own those homes. If given the choice they would negotiate in good faith. Given no choice, they won’t pay. Just Say NO. That is the battle cry of more […]
Editor’s Note: It’s as frustrating to my friends of color as it is to me that the article makes such a big point out of this being a black problem. It puts distance between the rest of us and the economic crisis that affects all of us. The drop in median income, the concurrent drop […]
They fought for their country because their country asked them to. They gave the last measure of their physical existence for us. Stop a minute and think about the millions who died, or were disabled in our name at our behest. They fought for the warrior next to them, in front of them and in […]
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