LPS has settled with Missouri for non-prosecution. The Missouri AG agreed to accept the assertion of LPS that it had no idea that all the criminal behavior was ever happening. They are soooooo sorry that they are paying $2 million to the state as a charitable contribution. Think I'm joking? read the article. This is an outrage and should be…[...]

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Tags: Docx, LPS, Missouri
Posted in bubble, Corruption, Eviction, securities fraud |

New Jersey moves into the lead. We have been comparing this to a ball game to make the point that we are only in the 5th inning of a very long game. We have many years to go before this spreading contagion of fake foreclosures is over. It might better be analogized to a horse race where one state leads…[...]

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Tags: defaults, New Jersey
Posted in bubble, Corruption, Eviction, securities fraud |

Why This Case Matters “This case has appropriate and serious repercussions to foreclosure mills.” – Neil Garfield, LivingLies.me For years, substitute trustees and foreclosure mill law firms (often Tiffany & Bosco and others) have sent homeowners: Notice of Default Notice of Sale Debt Collection Letters This ruling shows that sending these letters with false or misleading information may create liability…[...]

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Tags: foreclosuer corruption, foreclosure defense
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Comment: One more step toward a society enforced by bullying rather than the rule of law. More than 300 prosecutors are allowing debt collectors to use the stationery of the prosecutor's office to threaten jail time if the debt is not paid. Not surprisingly, the receipt of these letters is scaring the wits out of people who are either…[...]

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Posted in Uncategorized |

"The Bottom Line is that if the REMIC transactions were real, they would have been named on the note and mortgage. The fact that they never were named or disclosed demonstrates clearly that something else was going on besides funding mortgages with REMIC money from investors. Nobody would loan money without putting their name as payee on the note, their…[...]

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Tags: Bank of America, Bony/Mellon, consideration, countrywide, due process, funding, Quicken, RECONSTRUST, REMIC, subsitution of trustee, Substitution of Trustee, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

"HORROR stories abound across Foreclosure Nation. But once in a while, a new one comes along to remind us just how dysfunctional our mortgage market is." Gretchen Morgensen, NY Times "The bottom line is that as long as we ignore the fact that we are focusing on the documents that have been faked rather than the money which is real,…[...]

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Posted in Uncategorized |

""Mr. Adoboli had ceased to act as a professional investment banker and had begun to approach his work as a naked gambler," Ms. Wass said." Editor's Comment: Just so there is no mistake about it, my opinion is that securitization never occurred and that all the paperwork was a cover-up for a complex PONZI scheme that ended like all all…[...]

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Tags: Kweku M. Adoboli, securitization, UBS
Posted in bubble, Corruption, Eviction, securities fraud |

The first thing to think about is how many of these student loans were securitized or are subject to claims of securitization and assignments. Based upon anecdotal evidence collected thus far, most of them were securitized. That means that many of the defenses suggested for mortgage foreclosures are equally applicable to student loans. AND it might, as we have previously…[...]

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Tags: consumer debt, credit card, essential providers, medical students, mortgage loans, PRINCIPAL REDUCTIONS, student loans, values
Posted in bubble, Corruption, Eviction, securities fraud |

Starting last month, the mega banks began an aggressive campaign to avoid modification, settlements or principal reductions and seek foreclosures before they are forced to modify. Yes, we can help at livinglies, but the numbers are so high that there is no way we have the resources to help everyone. I am pitching in too, having become attorney of record…[...]

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Tags: ARIZONA, deed on foreclosure, Florida, foreclosures, Illinois, investors, South Florida, strategic defaults, underwater, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

Starting last month, the mega banks began an aggressive campaign to avoid modification, settlements or principal reductions and seek foreclosures before they are forced to modify. Yes, we can help at livinglies, but the numbers are so high that there is no way we have the resources to help everyone. I am pitching in too, having become attorney of record…[...]

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Tags: Broward County, Collier County, Dade County, Laura Layden, Leon County, Orange County, Palm Beach County, RealtyTrac, www.naplesnews.com
Posted in bubble, Corruption, Eviction, securities fraud |