Thousands of cases like this one have pointed out that SPS and other servicers like Ocwen do not consult with any investor, do not evaluate the case for settlement, modification or mitigation. The answer to questions arising from the unwillingness of those companies to comply with law stems from the fact that the  vast majority of their income comes from…[...]

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Tags: housing, Ocwen, Select Portfolio Servicing, TRUTH
Posted in Corruption, discovery, evidence, Fabrication of documents, legal standing, Modification, Servicer |

Transforming Foreclosure Profit into Secured Debt Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays The simple answer is that it is possible to change loan numbers and the change could be related to combining data between two entities where the loan papers or servicing rights are supposedly being transferred. If Company…[...]

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If the homeowner files it most likely it will be denied. If the pretender lender files it, the homeowner should take it seriously. The issue is simple --- are there questions or issues of ultimate fact about which the parties disagree. If yes, motion denied. If not, motion is granted. Beware of a potential trap. If you are saying that…[...]

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Warren Buffett saw it 15 years ago after analysis performed on the derivative markets. He said that the derivatives, as they were then (and now) being used, were "financial weapons of mass destruction." If he was ignored what chance does anyone else have? Enter Pope Francis from the perspective of income and wealth inequality and arriving at the conclusion that…[...]

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Posted in Corruption, evidence, Fabrication of documents, securities fraud |

Indemnification Is Not Enough! Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays A common form of indemnification comes when a foreclosure is filed based upon a "lost" note. The forecloser promises to pay you if someone else shows up with the note or, presumably, ownership of the debt. I remember getting…[...]

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The bottom line is that there are no financial transactions in today's securitization schemes. There is only fabricated paper. If you don't understand the DDP, you don't understand "securitization fail," a term coined by Adam Levitin. GET A CONSULT GO TO LENDINGLIES to order forms and services. Our forensic report is called "TERA"--- "Title and Encumbrance Report and Analysis." I personally review…[...]

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Tags: CERTIFICATES, CMO, DDP, dynamic dark pool, Fabrication of documents, paper trail v money trail, Reserve, securitization fail
Posted in legal standing, securities fraud |

Payment by third parties may not reduce the debt but it does increase the number of obligees (creditors). Hence in every one of these foreclosures, except for a minuscule portion, indispensable parties were left out and third parties were in reality getting the proceeds of liquidation from foreclosure sales. The explanations of securitization contained on the websites of the government Sponsored Entities (GSE's)…[...]

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Tags: Freddie Mac, indispensable parties, loan receivable, money trail, obligee, paper trail, REMIC TRUST, REMIC Trust IPO, securitization
Posted in Corruption, discovery, evidence, Fabrication of documents, legal standing, securities fraud, Servicer |

How Black Knight LPS and LoanSphere Control Mortgage Data—and Why Errors Matter Black Knight LPS and its LoanSphere platform sit quietly behind the scenes of millions of mortgage accounts, yet few homeowners understand how much control these systems have over loan boarding, invoicing, and servicing decisions. When a loan is transferred, modified, or pushed toward foreclosure, the data flowing through…[...]

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Tags: Black Knight, boarding process, DocX Indictment, fraudulent documents, Home Point Financial, LoanSphere, LPS, TRUTH
Posted in Corruption, discovery, evidence, Fabrication of documents, legal standing, Servicer |

Producing a USEFUL report that can identify gaps, inconsistencies and deficiencies in the primary documents used for foreclosure is a complex task. It must be thorough and it must be correct and free from "opinions" that the writer is not qualified to present. Opinions ruin credibility under they come from a qualified expert with credentials, education, training and experience in…[...]

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Tags: How to research documents used in foreclosures., money, transfer
Posted in evidence, Fabrication of documents, legal standing, Motions |

We'll see you next week.[...]

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