http://finance.yahoo.com/news/true-costs-foreclosure-property-abandonment-154500909.html CLEVELAND, Jan. 17, 2017 /PRNewswire/ -- A groundbreaking analysis of the true costs associated with the nation's housing crisis quantifies for the first time the substantial and numerous impacts foreclosures and vacant and abandoned properties have on homeowners and their communities. Even based on conservative estimates, the typical foreclosed home imposes costs of more than $170,000, according to a…[...]

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http://njtoday.net/2017/01/17/senators-want-hear-foreclosure-victims/ Twenty-five U.S. Senators signed a letter to Finance Committee Chairman Orrin Hatch (R-Utah) demanding that he allow victims of financial crisis profiteering to testify during the Treasury Secretary-designee’s Steven Mnuchin’s confirmation hearing. The hearing for Mnuchin, President-elect Donald Trump’s pick as Treasury secretary, is scheduled for Thursday, the day before Trump is inaugurated. “If confirmed to serve as Treasury Secretary,…[...]

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It is in court that the "loan contract" is actually created even though it is a defective illusion. In truth and at law, placing the name of the originator on the note and/or mortgage was an act of deceit. In a singular sweep of making public policy as opposed to following it, the Courts have been hell bent on letting…[...]

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Tags: "the loan", assignment, endorsement, loan contract, Mortgage, mortgagee, mortgagor, nominee, note, Payee, TRUTH
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So you just received that dreaded letter in the mail announcing that a loan servicer who likely never loaned you a dime is going to foreclose on your home.  Your adrenaline rockets through your veins, you go into Fight or Flight mode and at some point you say, "Holy sh*t- what do I do now?" Hopefully by the time you…[...]

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Tags: foreclosure 101, foreclosure due diligence, lendinglies, Livinglies
Posted in discovery, evidence, Fabrication of documents, foreclosure defenses |

http://nypost.com/2017/01/15/cuomo-will-make-foreclosure-reform-a-priority-finally/ Gov. Cuomo and state lawmakers are finally making reverse-mortgage foreclosure reform a priority this year — following continuing coverage of a crisis by The Post. Last week, the governor announced plans to provide reverse-mortgage holders the right to a mandatory foreclosure settlement conference with their lender, overseen by the court, just as traditional mortgage borrowers have, and to update…[...]

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Tags: Cuomo, New York, reverse mortgage
Posted in Uncategorized |

What is apparent here is that the Courts are coming to terms with the possibility that those relying upon a statute of limitation as a defense to various claims might NOT be protected by an otherwise applicable statute of limitations. The premise enunciated in a decision that seeks affirmation from the U.S. Supreme Court, is that disgorgement is not monetary…[...]

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Tags: disgorgement, SEC, SEC v Kokesh, statute of limitations
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[caption id="attachment_35460" align="alignnone" width="375"] Live at 6 pm[/caption] Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays Los Angeles Attorney Patricia Rodriguez returns again to discuss CA SB 900 (known as California's Homeowner Bill of Rights), current law, pre litigation planning, wrongful foreclosure, rescission, and nonjudicial resolutions like short sales, short pays,…[...]

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The only party that can make a credit bid (i.e., use the foreclosure judgment instead of paying cash) is one who is still a senior secured creditor as to the property being auctioned. In my review of the results of many auctions it is apparent that a credit bid was submitted by a party relying upon a dubious claim as…[...]

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Tags: Branch Banking v Tomblin, credit bid, Grable v Nunez, judgment creditor, senior creditor
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The Bigger Problem: Assignments from Nonexistent Entities Dan Edstrom, senior forensic analyst, highlights a disturbing pattern: what happened in Chase-WAMU and IndyMac-OneWest is being replicated in hundreds of foreclosure chains. Regulators often call these foreclosures merely “faulty.” But when foreclosing parties rely on entities that don’t exist to execute assignments years after bankruptcy, that’s not faulty—it’s fraudulent. And the obvious…[...]

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Tags: Bankrupt, Chase, INDYMAC, Mortgage Lenders Network USA, OneWest, US Bank as trustee, WAMU
Posted in foreclosure defenses, Uncategorized |

There is an old saying on Wall Street that "Bulls make money, Bears make money but Pigs never do." The obvious circumstances of Chase claiming ownership to nonexistent loan portfolios contained within WAMU coupled with the admission in this letter to the FDIC, shows just how arrogant Chase felt when they informed the FDIC that they wanted to get paid…[...]

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Tags: chain of title, Chase, FDIC, JPMC, title defects, WAMU, WMB
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