Since I entered the fray as the actual attorney for clients, we are getting down to the nitty gritty. Judges are surprised to learn that the foreclosure case in front of them was filed despite the payments actually received by the alleged creditor through third parties. In other words the case in front of them does not actually present a…[...]

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Tags: assignment of rents, Dade County, default, investment banker, non stop servicer advances, pooling, Pooling and Servicing Agreement, Prospectus, PSA, Servicer advances, Title and Securitization Report, trust beneficiaries, US BANK
Posted in Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

'The bottom line is that the notice of substitution of Plaintiff in judicial states, or notice of substitution of Trustee in non-judicial states should be the first line of battle. Neither one of them is valid and in both cases you have a stranger to the transaction being allowed to name itself as creditor, name its own controlled entity or…[...]

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Tags: ABN AMRO, Bank of America, BOA, Citi, Federal reserve, judicial foreclosure, LaSalle bank, Motion to Strike Notice of substitution of Plaintiff, non-judicial foreclosure, Notice of Substitution of Plaintiff, trustee, US BANK
Posted in Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Pleading, securities fraud, Servicer |

Darlene Spencer wrote an excellent piece in a comment on our Facebook page. I had heard rumblings from inside the industry when HSBC got tagged for laundering money for terrorists et al. But thus far I have come up with no actual corroborative evidence, which is why I didn't write about it. Darlene explains it so well that I thought…[...]

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US bank is popping up as the substitute Plaintiff in cases I have where BOA claimed to be the trustee of the REMIC Trust by virtue of being a "successor by merger." Now I see them popping up where Chase was the Plaintiff. In all cases the bank originally filed under an assumed name by renting the name of someone…[...]

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So if this covered 716,000 different mortgages and the average is $200,000 per mortgage, that equates to around $143 Billion in mortgages on which there are charges of fraud, breach of underwriting duties, buy backs etc. The settlement of $404 million is a joke. It is only about $500 per mortgage. The question is how these settlements effect the ownership…[...]

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If the revenue stream from trustee fees can be packaged for sale, then the next logical step will be the securitization of that package. Investors in such securitization vehicles will be laying for their own screwing. The duties of the trustee, already clouded, will be further diluted into thousands of pieces, effectively eliminating any accountability of the Trustee for an…[...]

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The question is always posed --- why did banks need to fake, fabricate, forge, and robo sign mortgage documents? The answer is partially revealed on salon.com citing Lynn Symoniak's settlement in which she received more than $30 million personally for challenging the banks. According to the Salon article the reason for the fakery was that there was no legal way…[...]

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I'm a Jew. And while there is some competition between religious institutions for the soul of mortal man, I find the Pope's statement about the idolatry of money to resonate with my core beliefs and an accurate description of the consensus of minds throughout the world. Mark Twain made the point when he wrote "The Man Who Corrupted Hadleyburg" and…[...]

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If you have been following the news you must have noticed a few things in connection with what the press euphemistically refers to as "mortgage related claims." The first is that estimates of losses from those claims (which by the way are claims of FRAUD) are growing monthly. Standard and Poor's now has estimated over $100 billion in future payouts…[...]

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It is hard to wrap your brain around the profound tragedy of greed defining a whole generation, of brilliant minds figuring out ways to take control of all the mediums of exchange. Who would have believed it? Who believes it now? But I was there. I attended meetings in the early 1970's that laid the foundation for what would be…[...]

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