http://www.housingwire.com/articles/37737-nearly-650000-borrowers-to-receive-more-money-from-independent-foreclosure-review?utm_source=dlvr.it&utm_medium=twitter&utm_campaign=housingwire The clock is now at zero for the borrowers eligible for payment under the Independent Foreclosure Review Payment Agreements who have not yet cashed or deposited their check, and their money is going to the borrowers who already cashed their checks. As it said it would last year, the Federal Reserve Board announced Monday that any leftover money from the $3.9…[...]

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I know that the first line of thieves and con artists are viewed by many as the banks and the "servicers" and the "trustees." But the second wave are those who prey on the emotional turmoil of homeowners and get them to deed their homes into some sort of convoluted entity that will (1) shred the homeowners credibility in court…[...]

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Tags: homeowner emotions, magic bullet, non-lawyer schemes, recording, rescission, trial court orders and judgments
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By John R, submitted anonymously to Lending Lies.   First, a little Personal History I lost 9 properties to bank fraud back in the mid 90’s. I tried to legally fight them, but who knew how and the legal system was more than hopeless, they were the piranha. Sure they’d represent me, but I had rental property so it would…[...]

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Levitin makes an important distinctions between "enforcing" the PSA and REFERRING to the PSA to show that the loan never made it into the trust. If the loan never made it into the trust, then the trust is not a proper party. It means that the trustee has no rights or authority in connection with the loan. It means that…[...]

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[caption id="attachment_35460" align="alignnone" width="300"] Call in at (347) 850-1260![/caption] Thursdays LIVE! Click in to the The Neil Garfield Show Or Call in at (347) 850-1260, 6pm Eastern Thursdays NEW MAIN NUMBER: 202-838-NEIL (6345). Get a Consult! Or contact us at info@lendinglies.com Tonight Neil Garfield will answer general questions about foreclosure.  This is not legal advice and is for information purposes…[...]

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Tags: neil garfield radio show
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There is a trend nationwide where judges are ruling that broken chains of title are not relevant.   The UCC is one of the least favored courses in law school. Judges hate it because they didn't pay attention during class. But it's the law. So the courts are ruling by the seat of their pants instead of following the law.…[...]

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Tags: chain of title, good title, mortgages ucc, UCC
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[caption id="attachment_39238" align="alignnone" width="370"] Thanks for the help Hamp, Harp and the CFPB.[/caption]   By the Lending Lies team The government's response to the foreclosure crisis, the Treasury Department's Home Affordable Modification Program is winding down. On December 31, 2016 the seriously misguided foreclosure relief program will end.  The program was designed to offer affordable payments by adjusting interest rates,…[...]

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By William Hudson   The number of Americans that own a home has fallen to its lowest recorded level ever. The second quarter of 2016, reflected that the non-seasonally adjusted homeownership rate fell to 62.9 percent, the same percentage reflected when the U.S. Census began tracking homeownership rates back in 1965. Since the recession, and through the Obama presidency, the…[...]

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We get it. Judges don't like statutory rescission under TILA. They are not required to like TILA rescission but they are required to follow it. This decision openly defies the SCOTUS ruling and refuses to apply it. Despite clear legislative intent to prevent banks from stonewalling rescission they are succeeding in doing so nonetheless as they play upon the bias…[...]

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Tags: 20 days, damages, disclosure, disgorgement, effective, foreclosure defense, foreclosure offense, fraud, jesinoski, Mortgage, note, securitization, TILA rescission
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The problem for everyone involved is that in reality the investors made nothing and merely received a portion of their own money as though it had come from the trust. But it didn't come from the trust because the trust didn't even have a bank account. If the banks had disclosed the truth of the matter the investors would have…[...]

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Tags: 1098, 1099, Bush, income tax, Obama, Ponzi, REMIC trusts, safe harbor, Servicer advances
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