SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM More Foreclosures, Higher Inventory of REO Homes Expected EDITOR'S NOTE: The beat goes on. While there can be philosophical differences as to the government giving guarantees on high-priced homes, there can be no doubt that the government is continuing to ignore the basic fallacy of the housing market today --- that the foreclosures are…[...]

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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR'S NOTE: The megabank lobbyists are at full throttle trying to prevent people who actually know what was done, who did it, and the intent of the banks as they try to sustain the fiction of of their current balance sheets and the fraud involved in nearly all foreclosures. Their problem is that with…[...]

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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM As the efforts to drill down to the loan level get stickier, the amount of time required to get the right information is also increasing despite increased automation of part of the searches. The pretenders have gone to great lengths to conceal the actual money trial, which we are finding is at considerable variance…[...]

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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR'S NOTE: Finding that lawyers and judges are confused about the meaning and use of terms like "real party in interest" and "standing," it hardly comes as a surprise that pro se litigants and other homeowners are confused as well. These concepts, which have been used and abused for years now, lie at the…[...]

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Tags: borrower, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, quiet title, REAL PARTY IN INTEREST, securitization, standing, TILA audit, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR'S NOTE: Ms. Bair has been a champion of small banks and an effective and reasonable critic of the large banks. She accurately predicted the problems we face today and was vaulted to national prominence when her dire predictions came true. Now she is writing the rules to "resolve" banks that fail ---including the…[...]

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Tags: Bair, FDIC
Posted in bubble, Corruption, Eviction, securities fraud |

In Fine Print, Banks Require Struggling Homeowners to Waive Rights Today, May 09, 2011, 5 hours ago by Paul Kiel This story was co-published with Slate. A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed to stay in his home: a break on his mortgage. Like millions of others, he…[...]

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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM see case decision BANK OF NEW YORK MELLON V PATRICIA DE MEO: CV100177(2) COURTS MOVING CLOSER TO STRICT APPLICATION OF FEDERAL LAW Only six months ago the courts were very dismissive of defenses field by homeowners and tenants despite the application of numerous Federal laws designed to protect consumers, borrowers, homeowners and tenants. The…[...]

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Tags: Bank of New York Mellon, creditor, disclosure, Eviction, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, MERS, mortgage meltdown, predatory lending, rescission, securitization, TILA audit, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM IN law school we are always told to start at the beginning, although few practitioners actually do that ,since they THINK they know at a glance the nature of the transaction. Consider the usual "loan closing" where a securitization scheme is in operation. It is a "table-funded loan" which is a fancy way of…[...]

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Tags: assignment, borrower, disclosure, foreclosure, foreclosure defense, foreclosure offense, Lender Liability, Loan Closing, Mortgage, note, rescission, securitization, TILA audit, trustee
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM FORECLOSING PARTY MUST BE HOLDER OF VALID DEBT 5.09.2011-North-Carolina-Appeals-Court-Decision[1] North Carolina Appellate Decision Raises New Chain of Title Issue Today, May 09, 2011, 8 hours ago | Yves Smith A potentially important North Carolina appeals court case, In re Gilbert, has not gotten the attention it warrants. In very short form, the borrowers, who…[...]

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Tags: foreclosure, foreclosure defense, foreclosure offense, fraud, IN RE GILBERT, note, possession, securitization, TILA audit, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM It does not appear that the banks are actually all that worried about losing foreclosure cases. If you do the math, they have a pretty good business plan. More than 95% of all victims of foreclosure fraud simply do not know they are victims, are worn out, demoralized and dis-empowered. They walk away from…[...]

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Tags: bailout, countrywide, disclosure, Federal reserve, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, Mortgage, mortgage meltdown, predatory lending, quiet title, rescission, securitization, TILA audit, trustee, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |