Homeowners (and my readers, in particular) are completely correct in asserting at least the appearance of corruption by judges. Virtually all of them have their retirement invested partially or even mostly in funds that rely heavily on purchasing "Mortgage-Backed Securities." Hence, if judges were to rule against the lawyers asserting representation of banks like "U.S. Bank as trustee..." (Blah blah),…[...]

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... the courts have been following an illegal doctrine for about 25 years. It is called "The Homeowner Should Always Lose." This is closely related to the corollary doctrine of "False  Foreclosure Claims Should be Allowed to Prevent Economic Disaster." Besides foreclosure litigation, several rules and laws limit how long a claimant in civil litigation can drag out their claim.…[...]

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Someone once asked me if "securitization" was actually a hologram. My answer was that it is a hologram of an empty paper bag. He ran with that and made millions defending homeowners. All he did was demand corroboration of the facts that the lawyer for the foreclosure mill wanted the court to presume from the apparent facial validity of the…[...]

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MAKE SOME NOISE I am proposing that homeowners start petitions and complaints to government agencies and to US Senators US Representatives, State Senators, and State Representatives. With the election over, they have the time to do their job instead of focusing on getting elected or re-elected. I have been corresponding with activists who are doing exactly that and I was…[...]

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The trustee on a deed of trust becomes the owner of the property or perhaps it would be better stated if we said that it was the owner of the title to the property. * In a normal world transfer of the title to the property from one trustee to another is made on behalf of and at the instruction…[...]

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The industry knows there is a gigantic problem surrounding servicer compensation. But there’s a difference between knowing the problem and knowing how to solve it. As Laurie Goodman, codirector of the Housing Finance Policy Center with the Urban Institute, so eloquently put it at a housing policy event on Wednesday, “It is much easier to say the current system does…[...]

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While I was doing a CONSULT for someone, a reminder popped up on my computer screen relating to a statement sent under the letterhead of "Shellpoint." Since securitization is a game of musical labels, the name "Shellpoint" seems especially appropriate. And knowing the culture of investment banking (having been an investment banker), it is likely that this was intentional. Investment…[...]

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Let me first state that in 16 years of public appearances, presentations at CLE seminars for litigators and bankruptcy lawyers, thousands of articles published in 26 countries, and thousands of cases litigated in court, there has been only icy silence from Wall Street as to my criticism of the financial system, the political system, and the judicial system as to…[...]

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A lot of people contact me asking for an expert report. Most have no education, training, knowledge, or experience in using the testimony or report of a witness claimed to be an expert. The problem is compounded by the inability of the homeowner, or the lawyer for the homeowner, to do what every trial lawyer does with every expert witness…[...]

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In reviewing thousands of cases personally and reviewing the work done by dozens of other forensic reviewers, I have not found a single instance in any homeowner transaction where, at the time of the claim, the implied loan account was either alleged to exist or did exist. The entire case always rests upon legal arument that the lawyers need not…[...]

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