See https://www.marketwatch.com/picks/dramatic-increase-foreclosure-filings-are-up-more-than-150-heres-what-that-tells-us-about-the-housing-market-01659181360 Here is the unvarnished truth from the dark side: The number of foreclosure starts — which is when the first public foreclosure notice happens — is up 219% since the start of the year, according to real estate data analytics firm ATTOM Data Solutions’ midyear 2022 U.S. foreclosure market report. What’s more, the number of properties that had…[...]

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https://www.cfsreview.com/2022/02/cfpb-issues-revised-administrative-litigation-procedures-signaling-possible-increase-in-in-house-adjudications/ Officials at the CFPB have cautiously opened the door to administrative hearings conducted by the Bureau, subject to the administrative procedures act. This may sound like boring stuff, but the end result could be the ability to bring claims in an administrative hearing rather than in court. Even the current revised administrative litigation procedures represent a paradigm shift by…[...]

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I don't think that is is unfair to say that much of the financial system as operated today is taking money, wealth and opportunity from the poor and middle class and giving it to the rich (management and stockholders) of companies that label themselves as conducting "financial services." But it is both unfair and unwise to advocate throwing out a…[...]

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Hat tip to Summer chic I have been receiving a lot of really good contributions from Summer chic, and she deserves a big atta girl. Her latest is the issue raised by the Bruce's Beach case in which property owned by a family, fair and square, was subject to several instruments of conveyance that made their property the property of…[...]

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I was researching something when I ran across a recent filing from a Citigroup document that is called a Pooling and Servicing Agreement. Anyone who reads these pages knows that they're not pooling loans. They are pooling the receipt of payments --- regardless of whether the collection was legal or illegal --- and the parties executing the agreement are only…[...]

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These foreclosure cases are fraudulent in that they are not foreclosures. A foreclosure, by definition, is limited to the enforcement of a security instrument in which ownership of the instrument and the underlying obligation is vested in a creditor who is named as the claimant.  With very few exceptions, none of the foreclosures over the last 25 years have satisfied…[...]

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What Makes a Mortgage Assignment Effective? For an assignment of mortgage to be effective: The property owner must be given notice by the current mortgage holder. The new owner must be clearly identified. The mortgage must be recorded and appear facially valid (in compliance with statute). There is no time limit on recording, but validity depends on more than appearances.…[...]

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Lavis v. Reverse Mortg. Sols., No. 18-2180, at *6 (4th Cir. July 14, 2022)  the trial court “stated that "[a] finding that RMS is entitled to tender, despite its disregard of its obligations over a period of years and its failure to take any measures to preserve its rights under the statute, would incentivize lending institutions to follow RMS' poor…[...]

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I have had a large number of decent civil conversations with many people who consider themselves lifelong conservatives and who use the slogan "Stop the Steal." My conclusion is that they believe in the slogan. And they are not attempting to propel lies into public discourse. They understand the facts. They continue to promote the slogan because it stands for the…[...]

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It all starts with the assumptions you make at the beginning of the case, which is actually the declaration of default.  There is only going to be one witness designated by one company and proffered by one lawyer who is prosecuting the claim for foreclosure remedies. That one witness is generally a contract labor "employee" who knows absolutely nothing relevant…[...]

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