http://www.miamiherald.com/news/business/banking/article92700782.html THE FOLLOWING ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER. —————- The largest-ever lawsuit against an auditing firm is set to open Monday in a Miami-Dade County Circuit Court, pitting Big Four firm PwC against a trustee of the defunct Taylor, Bean & Whitaker Mortgage Corporation. At stake: $5.5…[...]

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Tags: Colonial Bank, PricewaterhouseCooper, taylor bean whitaker fraud
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The Court, possibly because of the pleadings and briefs refers to the Trust as “US Bank" — a complete misnomer that reveals a completely incorrect premise. Despite the clear allegation of the existence of the Trust — proffered by the Trust itself — the Courts are seeing these cases as “Bank v Homeowner” rather than "Trust v Homeowner." The record…[...]

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Tags: foreclosure defense, foreclosure offense, fraud, Keshtgar, MERS, quiet title, rescission, securitization, trustee, void assignment, Yvanova
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I was recently requested to review a 6th Circuit Opinion in which the court stated that the rescission was barred by res judicata --- i.e. that the matter had already been litigated and that the homeowner was therefore barred from bringing it up again.  * The Court never considered that it was wrong in the first place and that the…[...]

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Tags: 15 USC §1635 et seq, 20 days, 6th Circuit, foreclosure defense, foreclosure offense, jesinoski, Moral Hazard, operation of law, rescission, subject matter jurisdiction, VOID
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http://www.mckinsey.com/global-themes/employment-and-growth/poorer-than-their-parents-a-new-perspective-on-income-inequality http://www.zerohedge.com/news/2016-08-08/poorer-your-parents-new-study-shows-81-americans-worse-2005   The McKinsey study Poorer than Their Parents? offers a new perspective on income inequality over the period 2005-2014. Based on market income from wages and capital, the study shows 81% of US citizens are worse off now than a decade ago. In France the figure is 63%, Italy 97%, and Sweden 20%.   The numbers for the…[...]

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One  of the things I personally have stayed away from is credit repair. But it really is something that virtually everyone needs if they have been at all touched by the continuing banking and servicing crisis. I have worked with one of our readers and frankly asked him, as an accountant, what services he could offer that would actually provide…[...]

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Tags: CREDIT REPAIR, foreclosure defense, foreclosure offense, fraud, securitization
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[caption id="attachment_39377" align="alignnone" width="300"] A foreclosed home is shown in Chicago June 29, 2010. It may not make the blood boil like murder or rape, but mortgage fraud is a crime that cost an estimated $14 billion in 2009 and could be hampering an already fragile recovery in the housing market. The FBI has been fighting back, assembling its largest…[...]

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[caption id="attachment_39371" align="alignnone" width="275"] “[It was] the poverty caused by the bad influence of the English bankers on the Parliament which has caused in the colonies hatred of the English and . . . the Revolutionary War.” – Benjamin Franklin[/caption]  Fannie and Freddie have reportedly been cash-cows for the federal government who have allegedly held the quasi-governmental guarantors hostage during…[...]

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Tags: bailout, Fannie MAe, foreclosure, Freddie Mac, GSE, stresstest
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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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