Based upon the latest info coming into us I have no doubt that in most cases there was no trust and that no court would find that there was a trust. There is no  trustor, beneficiary, funding, assets, bank accounts or even the appearance of being managed by the trust departments of banks whose trust departments fill multiple floors of…[...]

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Posted in Uncategorized |

we keep seeing the same thing. The case goes to a brand new company that had nothing to do with origination, servicing, processing, paying the creditors, or negotiating for insurance and credit default swaps proceeds. The new company doesn't appear until long after the declaration of default, and the commencement of foreclosure proceedings. The an employee fo the company that…[...]

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Editor's Note: I don't emphasize this point because  it wouldn't change anyone's mind. But the comparison Dalio put on the table is one with which I am familiar. Nobody in Germany ever imagined that an extremist nut like Hitler could ever rise to power, that inflation would be going at 2500% per month and the economy would fall apart. Germany…[...]

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Tags: business insider, CNBC, Dalio, Hitler, social unrest
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Comment: The practice of disregarding normal loan underwriting standards creates a claim that homeowners were tricked into loans that they could never repay. The Consumer Financial Protection Bureau, built by Elizabeth Warren under Obama's direction is about to pass a rule that addresses that very issue. The new Rule would allow homeowners contesting foreclosure to introduce evidence challenging whether…[...]

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Tags: CFPB, credit default swaps, Elizabeth Warren, Federal Bailout, foreclosures, housing, insurance, investors, Obama, Richard Cordray, TARP, underwriting
Posted in bubble, Corruption, Eviction, securities fraud |

For representation in South Florida, where I am both licensed and familiar with the courts and Judges, call 520-405-1688. If you live in another state we provide direct support to attorneys. call the same number. Having watched botched cases work their way to losing conclusions and knowing there is a better way, I have been getting more involved in individual…[...]

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Tags: beneficiary, Broward COunty. Collier COunty, Dade County, Deny and Discover, lender, mortgagee, NEIL GARFIELD, originator, place-holder, pool, Regulation Z, REMIC, South Florida, SPV, TILA, trust, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Comment: It is a familiar playbook in drug enforcement, police corruption, and now corruption arising out of the millions of faked, fraudulent Foreclosures --- find a guy low down in the chain and throw him under the bus. This guy was making millions on False Inspections. But the government is complicit in an active way in public settlements like…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: Hera research conducted an interview with Neil Barofsky that I think should be  read in its entirety but here the the parts that I thought were important. The After Words are from Hera. After Words According to Neil Barofsky, another financial crisis is all but inevitable and the cost will be even higher than the 2008 financial crisis.…[...]

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Tags: banks, Barofsky, borrowers, business, economy, foreclosure, government, HAMP, homeowners, housing, investors, Real estate, servicers
Posted in bubble, Corruption, Eviction, securities fraud |

"The bottom line is that conservatives don't conserve anything. They have their hand deeper into the public purse than anyone else. Liberals don't liberate anyone either, providing the tools to prospects for progress and prosperity. The terms should not be used because nobody means what they say." Neil F Garfield livinglies.me Editor's Comment: Romney's latest gaffe is only a mistake…[...]

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Tags: business, climate, conservatives, Democrats, economy, government, liberals, Obama, Occupy wall Street, POLITICS, Republicans, Romney
Posted in bubble, Corruption, Eviction, securities fraud |

Another Small Fry Thrown Under the Bus Editor's Comment: It is a familiar playbook in drug enforcement, police corruption, and now corruption arising out of the millions of faked, fraudulent Foreclosures --- find a guy low down in the chain and throw him under the bus. This guy was making millions on False Inspections. But the government is complicit in…[...]

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Tags: False appraisals, false defaults, false documents, false end of month statements, false inspections, false loans
Posted in bubble, Corruption, Eviction, foreclosure mill, Modification, Servicer |

Full circle (or spiral). What is the end result? You start off with the investors having money and now they don't. You also start with people who own their homes and now they don't or won't soon enough if these fake Foreclosures are allowed to continue. You start off with banks being strictly intermediaries with no stake in the transaction.…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |