It is now common knowledge that subservicers are continuing to pay investors and reporting the loan as "performing" after they have sent a default and right to reinstate notice as required by the mortgage (usually paragraph 22) and by the uniform debt collection laws. The first problem about this is that the actual creditor does not show a default whereas…[...]

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Tags: default, mortgage bonds, mortgages, payments, Servicing
Posted in bubble, Corruption, expert witness, foreclosure mill, Modification, securities fraud, Servicer |

How did the banks get away with it? Bribery takes many forms. It doesn't need to be a direct payment, but merely something of value to the regulator or law enforcement officer. In this case it is the hiring of children of banking regulators in China. There is no reason why we should think that couldn't happen here. It did.…[...]

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Tags: Assignment and ASsumption Agreement, fraud, investors, JPMorgan bribery, Ponzi scheme, Wall Street Banks
Posted in Corruption, Eviction, securities fraud |

"We are still in the death grip of the banks as they attempt to portray themselves as the bulwarks of society even as they continue to rob us of homes, lives, jobs and vitally needed capital which is being channeled into natural resources so that when we commence the gargantuan task of repairing our infrastructure we can no longer afford…[...]

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Tags: fraud, fraudulent foreclosures, Occupy wall Street, owners of mortgages
Posted in bubble, Corruption, Eviction, evidence, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

I will be in Fort Lauderdale attending hearings and doing consultations and intakes on August 19-21. If you wish to schedule an appointment please call customer service as indicated below. GGKW (GARFIELD, GWALTNEY, KELLEY AND WHITE) provides Legal Services across the State of Florida. We also provide litigation support to attorneys in all 50 states. We concentrate our practice on…[...]

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Posted in Uncategorized |

Wall Street banks know all about leveraging. They need to bring back the huge quantity of money they stole from the U.S. economy that they have secreted around the world (without paying a dime in taxes). The strategy they adopted was to bring the money from the shadow banking sector into the real banking world by "investing" in natural resources.…[...]

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Tags: and raw materials, Commodity Futures Trading Commission, Goldman Sachs, JP Morgan Chase, London Metals Exchange, natural resources
Posted in bubble, Corruption |

The reason the cases cannot be settled or modified is that the loans no longer exist, there is no known owner (past present or future) and nobody has any real authority to settle or modify a loan when they are a complete stranger to the transaction (as stated in the recent San Francisco study). This should not be converted into…[...]

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Posted in Corruption, evidence, Modification, Motions, Pleading, Servicer |

Every time I speak with lay people or lawyers who are new to the twilight world of foreclosures, about half our time is spent on dealing with reality --- the way that Judges look at these cases and the other reality --- the way the transactions, payments and disbursements occurred and between whom. The problem is that most people THINK…[...]

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Posted in Uncategorized |

We have come a long way in six years. Back in 2007 almost everyone thought that the mortgage bonds were valid instruments issued by a valid entity that owned valid mortgages. Now we have Reuters news service reporting that "home loans underlying securities were rotten from the start." Thus we are crossing that line where the critical mass of thinking…[...]

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Tags: account receivable, appraisal fraud, auction fraud, bailout, Bank of America, Bloomberg, Chase Bank, commodities, disclosure, Federal reserve, foreclosure, foreclosure fraud, Reuters, securitization
Posted in Corruption, Eviction, evidence, Servicer |

The purpose of this article is to support the prior conclusions expressed in my articles and appearances that in addition to being a Ponzi scheme, a necessary component of the illusion of a securitization plan was identity theft in which the identity of a person or entity is used for fraudulent purposes. The latest round of lawsuits and investigations center…[...]

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Tags: compensatory damages, exemplary damages, fraud, identity theft, punitive damages, treble damages
Posted in Uncategorized |

The Department of Justice and the Securities and Exchange Commission are proceeding from the wrong presumption. They are starting with public policy and politics instead of enforcement of the law to maintain the fabric of our society. It results in the rule of man rather than the rule of law. And it is tearing us apart even if government refuses…[...]

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Posted in Corruption, Eviction |