http://www.reuters.com/article/bankofamerica-appraisals-idUSL1N19524T A nationwide class of home buyers have accused Bank of America, Countrywide Financial  and appraisal firm LandSafe of conducting fraudulent appraisals in an attempt to generate more loans at higher values.  A federal lawsuit was filed in Los Angeles, California on Thursday arising from previously settled whistleblower claims.  Interestingly, this case alleges that under the Racketeer Influenced and Corrupt…[...]

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By William Hudson http://thedishonestyproject.com/film/   Although it won’t be a big surprise to most of you, research has proven that bankers are twice as dishonest as politicians according to Professor Dan Ariely who is the founder of The Center for Advanced Hindsight at Duke University. You can probably predict where attorneys fall among that spectrum (likely more dishonest than drug…[...]

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http://www.bkfs.com/RealEC/DivisionInformation/SettlementAgents/ClosingInsightSettlementAgents/Pages/default.aspx THE FOLLOWING ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER. Maybe it is time to drill down a little deeper into ways to obtain Discovery. The same company that brought us the DOCX line of "original" fabricated documents has created a software platform used by the mega banks to…[...]

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Tags: blackknight/lps, closinginsight, discovery, lendinglies.com, Livinglies, NEIL GARFIELD
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  http://www.bloomberg.com/news/videos/2016-06-09/the-history-behind-wall-street-s-foreclosure-scandal David Dayen discussed the "Great Foreclosure Machine" steamrolling the American dream.  Buy "Chain of Title Now" and support Dayen who understands that the evidence should speak in a court of law.  "Once you break the Chain of Title, it is difficult to unbreak it." https://www.amazon.com/Chain-Title-Americans-Uncovered-Foreclosure/dp/1620971585    [...]

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By William Hudson http://www.wsj.com/articles/appeals-court-throws-out-1-27-billion-penalty-against-bank-of-america-1464018896   The big banks have demonstrated to the world that they own everything including the courts, law enforcement and government officials. They have demonstrated this fact by rigging currency and economies, obtaining bailouts when they had no losses, foreclosing on loans they can’t prove they own, playing both sides of the market and by purchasing government…[...]

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It seems apparent to me that the banks are sidestepping the statute of limitations issue by getting homeowners to renew payments after the statute has run. Given the confusion in Florida courts it is difficult to determine with certainty how the statute will be applied. But the execution of a modification agreement would, in my opinion, almost certainly waive the…[...]

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Tags: disclosure, foreclosure defense, fraud, LOAN MODIFICATION, Master Servicer, securitization, Servicer advances, statute of limitations
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[gallery ids="36037" type="rectangular"]   http://www.marketwatch.com/story/housing-crisis-has-led-to-breakdown-of-the-social-order-author-says-2016-06-08?link=sfmw_tw By Andrea Riquier Imagine the immense stack of papers that accompanies a home purchase closing. Excited home buyers sign, sign, and sign some more. They sign even more now since the 2015 introduction of new regulations required by Dodd-Frank known as “know before you owe,” or TRID. But does anyone actually read the documents being…[...]

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By- The Staff at Lending Lies We are approaching a societal tipping point. Debt, government decay, and global dysfunction are culminating into an unstoppable social upheaval. The 2008 financial crisis that was a collusion engineered by the Fed and Wall Street, created billions of dollars in bad debt that has yet to be realized. Homes and stocks are grossly overvalued,…[...]

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Tags: tipping point foreclosure fraud
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[caption id="attachment_35947" align="alignnone" width="960"] FILE - In this March 24, 2009 file photo, a sign lies on the ground in front of a foreclosed home in Homestead, Fla. Officials in 49 states have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners. (AP Photo/J Pat Carter, File)[/caption]…[...]

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Achieving standing via merger also requires that the surviving entity prove that it “acquired all of [the absorbed entity’s] assets, including [the] note and mortgage, by virtue of the merger.”Fiorito v. JP Morgan Chase Bank, Nat’l Ass’n, 174 So. 3d 519, 521 (Fla. 4th DCA 2015). see http://4closurefraud.org/2016/06/07/fl-4th-dca-segall-v-wachovia-bank-na-reversed-wachovia-failed-to-prove-standing-to-foreclose/ Finally the courts are turning back to the simple rules of law…[...]

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Tags: acquisition of loans, Bank of America, Chase, Citimortgage, merger, standing, Wachovia
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