Yes, we can help at livinglies, but the numbers are so high that there is no way we have the resources to help everyone. Lawyers, accountants, analysts and others should be seeing this as a major opportunity to do well for themselves and for the owners of these homes by challenging the rights of the those collectors who are taking…[...]
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Editor's Notes: It is already well -established that write-down of principal is the only sane thing to do in these circumstances. De Marco standing as head of of the GSE's refuses to consider that and even refuses to push for modifications, preferring foreclosures instead. Foreclosures are what is killing the economy, destroying lives and providing windfall upon windfall profits to…[...]
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BULK SALES OF MORTGAGE LOANS: WHAT ARE THEY BUYING?
Sep 12, 2012
Wall Street is gearing up to buy properties en masse from Fannie, Freddie and other holders (including the Federal Reserve. The question for these investors is what are they buying and what are they doing? I think these sales represent an attempt to create a filler for an empty hole in the title chain. we already know that strangers to…[...]
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Hat tip to Attorney Dan Hanacek in Northern California for spotting this. Editor's Note: U.S. Bank has been called everything from a slumlord in L.A. to a co-conspirator in the Merendon Mining Scandal a few years back. We have already seen them scam the system by foreclosing on property without relief from stay in BKR, and was a pioneer in…[...]
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We started a more general information blog about scams against the most vulnerable people. Let's here what you think. www.liescam.wordpress.com[...]
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Editor's Analysis: As we predicted along time ago, the day would come when the best cases for litigators would be malpractice claims against lawyers who are dealing with real estate transactions. And as we have said before it includes bankruptcy lawyers, family law and a host of other cases where issues of title and validity of the loans might come…[...]
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HOME PRICES SET TO DROP AGAIN! Editor's Comment: You can spin this anyway you want, but the facts speak for themselves. People are worn out living under mountains of debt, some need to move for job purposes, and some need to reduce their payments because they are running out of resources to pay a mortgage balance that is based upon…[...]
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Editor's comment: There are two "good" reasons why Wall Street wanted the appraisals inflated. The first was that the higher the appraisals (the real values be damned) the more money they could show that was moving, and the more sure they could be that even good loans would be defaulted strategically by people unwilling to pay. The second was to…[...]
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Empty Paper Bags: Loans Never Entered Pools
Sep 10, 2012
Hat Tip to Ken McLeod, private investigator serving livinglies LIVINGLIES VINDICATED!!! 99% of the Loans Never Were Transferred into Trusts Editor's Comment: The truth is coming out piece by piece. In this complaint a thorough examination revealed what we have been saying all along --- the loans were NOT pooled, bundled or put into any trust. That means the entire…[...]
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NOTICE: IN ANSWER TO INQUIRIES RECEIVED FROM CITIES AND COUNTIES, YES EMINENT DOMAIN IS A GOOD IDEA BUT NOT BECAUSE OF THE REASONS STATED THUS FAR. IT IS A GOOD IDEA BECAUSE THE PARTIES CLAIMING TO BE INJURED BY THE SEIZURE WOULD BE REQUIRED TO SHOW THAT THEY WERE INJURED IN REAL DOLLARS AND REAL WIRE TRANSFERS, CANCELLED CHECKS AND…[...]
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