The biggest problem I encounter when speaking with people who are up to date on their payments is why should the others get a break when they are still paying. My answer of course is that they probably shouldn't be paying because their debt was probably paid long ago through multiple sales of the same loan. The OTHER major reason…[...]

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Tags: economy, home equity
Posted in bubble, Corruption, Eviction, securities fraud |

Hat tip to Darrell Neilander and Charles Cox for bringing this one to my attention. Editor's Comment: In a twisted display of circular reasoning and reverse logic, the 9th Circuit has issued an opinion that attacks the precise foundation of the Truth in Lending Act. Go to any seminar on TILA and the first thing they will tell you is…[...]

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Tags: administrative convenience, assignee, bailee, consumer, correspondence, covenant, district court, entities, fail to respond, failure to respond, fair dealing, foreclosure, good faith, Mortgage, nominal, obligor, sentence
Posted in bubble, Corruption, Eviction, securities fraud |

I don't think it make a lot of difference as to who becomes President in terms of economic recovery. Romney is a pragmatist and Obama likes to proceed incrementally. The fact is that when Romney and his cronies decided that reducing labor cost was a great idea, they created jobs overseas, and reduced median income at home. In a consumer…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

CHECK OUT OUR NOVEMBER SPECIAL GET A CONSULT WITH NEIL GARFIELD Disclaimer: This came into my hands some time ago but I just got around to reading it. While my conclusions are virtually identical to those of the author neither one of us used the material or methods of the other. Editor's Comment: In an article apparently intended for publication…[...]

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Tags: Producers Management Trust, Robert Marshall
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Comment: Once upon a imte Social Security was the third rail of politics. Nobodoy wanted to touch it during campaigns. Now the subject is foreclosures, the mortgage mess, title corruption, disruption of the real estate market, the economy and our financial system through an illegal PONZI scheme. Nobody wants to talk about except perhaps a Nobel Prize Winning Economist…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: like the post before this one, it is astonishing how these settlements fall so far short of the actual damage that was created by the banks by their intentional illicit and criminal behavior. This one "relates to conduct at Greenwich Capital, the R.B.S. unit that bundled mortgages into securities and sold them to investors. Nevada found that R.B.S.…[...]

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Tags: BOA, countrywide, Option One, RBS, Royal Bank of Scotland
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: OK I'm glad they sued and I am glad they are alleging "brazen fraud." But considering the trillions that were lost from this fraud why are the suits for only $1 billion and the settlements for only $25 billion? Why are we not clawing back the ill-gotten money from the brazen fraud they are alleging, giving relief to…[...]

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Tags: Bank of America, BOA deathwatch, countrywide, Countrywide financial
Posted in bubble, Corruption, Eviction, securities fraud |

CHECK OUT OUR NOVEMBER SPECIAL GET A CONSULT WITH NEIL GARFIELD It really isn't much different than the way the foreclosures themselves are done. After a roulette spin on the LPS Desktop program for foreclosures, a "lender" is selected and appoints itself through a series of LPS generated documents. Now we have a new beneficiary or a new mortgagee. Then…[...]

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Tags: independent foreclosure review
Posted in bubble, Corruption, Eviction, securities fraud |

CHECK OUT OUR NOVEMBER SPECIAL GET A CONSULT WITH NEIL GARFIELD I've been thinking about this for a while. In fact, when I first started out on the blog in 2007 I spent quite a bit of time interviewing big and small law firms and retired judges and they all said the same thing: wait until the whole thing is…[...]

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Tags: attorney fee award, cancellation of instruments, comensatory damages, contingency fee, exemplary damages, punitive damages, quiet titile, wrongful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |

CHECK OUT OUR NOVEMBER SPECIAL GET A CONSULT WITH NEIL GARFIELD Jim Macklin, one of our senior securitization analysts, wrote a piece that I thought was worth publishing. He is located in Sacremento, CA. We consider our Constitution of the Untied States the law of the land under which all other laws must conform. This law of the land specifically…[...]

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Tags: bankruptcy, foreclosure, health care
Posted in bubble, Corruption, Eviction, securities fraud |