"The truth is that they stopped the review process and "Settled" because the regulators were under a mandate to protect the banks. They were finding far too many wrongful and illegal foreclosures. The investigator testified that the small sampling they used was not random but rather designed to show how few foreclosures were illegal. But even that showed that at…[...]

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Tags: bank regulators, bank settlements, Barry Ritholtz, Bernanke, damages for wrongful foreclosure, Elizabeth Warren, Federal reserve, Glass-Steagall, illegal foreclosure, wrongful foreclosure
Posted in Uncategorized |

Mellon Bank v Shaffer Ohio Appeals Ct Says You can't Fix Jurisdiction In a decision that is interesting from many points of view an Ohio appellate court ruled that you can't fix jurisdiction by assigning the loan and recording the documents after the foreclosure suit is filed. This could have substantial effects on non-judicial states as well. If at the…[...]

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Tags: Accounts Receivable, assignment, Bank of New York Mellon trust Company, Bank of New York trust company, BOND receivable, J.P. Morgan Chase Bank, jurisdiction, note receivable, ownership of the debt, third-party mitigation payments, wrongful foreclosure
Posted in Corruption, Eviction, expert witness |

CHECK YOUR EMAIL   ALSO WATCH SENATOR ELIZABETH WARREN GRILL INVESTIGATORS OVER ILLEGAL FORECLOSURES --- "HOW MANY FAMILIES WERE ILLEGALLY FORECLOSED?" http://www.youtube.com/watch?v=2HPxj0j4l4s YouTube - Videos from this email Thank you Robert Hager.[...]

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Now that I am actively practicing law I see the reasons for the anger and recriminations regarding the conduct of proceedings involving foreclosure. But whether the judge likes it or not the law is very clear regarding a condition precedent to the filing of foreclosure action. The borrower must receive notice. The notice must state that the borrower is in…[...]

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Tags: delay tactics, Federal reserve, Florida LAw, motion for summary judgment, my mission, Notice of Default, notice of right to reinstatement, rules of civil procedure
Posted in Corruption, Eviction, Servicer |

Editor's Note: These are not all the statutes that apply, but Rob Harrington has gone to the trouble of compiling the statutes that probably do apply to most mortgages in cases where they are subject to claims of transfer of ownership and securitization into an asset pool. This is worth keeping on hand: Rob Harrington 8:33am Jul 20 Have any…[...]

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Tags: Florida Statutes
Posted in Corruption, Eviction |

One of the interesting things about the news media and its relationship with the Wall Street banks is that the real events happening out in the marketplace are completely disregarded by virtually everyone if the event would encourage similar efforts to challenge or replace the toxic mortgages that litter the landscape of the financial marketplace. One such series of events…[...]

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Tags: eminent domain, local government, mortgage loans, Mortgage Resolution Partners LLC, Steven Gluckstern
Posted in Corruption, Eviction |

  Now that Federal Reserve is nearly done buying the worthless mortgage bonds, the banks have shown that they are in fact making money hand over fist and the government is feeling less fearful about toppling the financial system with financial regulation. Based upon my interview with a highly placed well-informed source who prefers to remain anonymous, it appears as…[...]

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Tags: account receivable, borrowers, credit default swaps, Federal reserve, foreclosure sale, investors, mortgage bond insurance, mortgage bonds
Posted in Corruption, Eviction |

WHAT IS THE EFFECT OF SETTLEMENTS, BUY-BACKS AND FEDERAL RESERVE BUYOUTS? We hear these stories of settlements, purchases by the Fed, buybacks --- but what they are buying and which mortgages are affected is never disclosed. Meanwhile the marketplace and the judicial system are functioning as though none of this activity was happening. First of all it is never clear…[...]

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Tags: BUY BACKS, FEDERAL RESERVE BOND PURCHASE PROGRAM, occupy, quiet title, UBS SETTLEMENT, Wall Street, WHISTLEBLOWERS
Posted in Corruption, Eviction |

There many ways to win a case, so what I am saying in this article should be taken in the context of a larger reality where lawyers are winning hearings and winning the entire case using their own style, strategies and tactics. And it is equally true that any case management plan, regardless of the brilliance behind it, can still…[...]

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Tags: discovery, LITIGATION, mortgages, Motion Practice, trial practice
Posted in Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

The Wall Street banks have been largely successful in planting information and disinformation throughout mainstream media, regulatory authorities, legislators, and the judicial system. According to their story they are financially very healthy with expanding income leading to a bright future. If you click on the article below you will see how two internationally known economists think otherwise. Basically it is…[...]

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