SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR'S NOTE: See the recent articles posted this week about the housing market. It is unprecedented --- both in the run up and in the fall. The bubble in housing prices went so much further than anything in history because it wasn't real --- it was fraud all the way through with Wall Street…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM "By keeping the servicers at the head of the line, the illusion of securitization is maintained. That illusion serves as the basis for assuming there is a legitimate debt that the borrower is refusing or can't pay. Without the illusion, and sticking with the facts we have an obligation owed to the investors or…[...]

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Tags: bailout, Bank of America, borrower, countrywide, disclosure, discovery, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, mortgage meltdown, predatory lending, quiet title, rescission, RESPA, securitization, TILA audit, trustee, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

submitted by Anonymous Most often Deutsche Bank is the trustee — not the servicer. In cases where the trust is named as plaintiff — ABC trustee for “certificate holders” to XYZ trust — they are the named plaintiff — not the servicer. But, it is actually the servicer that is proceeding against you. If goes to trial — the servicer…[...]

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Tags: foreclosure, foreclosure defense, foreclosure offense, fraud, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

submitted by anonymous reader Regulatory agencies exist to protect the public, not the corporations they regulate. The head of the Office of Comptroller of the Currency doesn’t seem to understand that. But that’s not why John Walsh needs to resign. The OCC was created to stabilize the economy, make it easier to conduct trade, and protect people’s savings. It didn’t…[...]

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Important update from Max Gardner below: From: O. Max Gardner III Wed, Apr 27, 2011 Subject: Mass Joinder Cases To: Boot Camp Attorneys Court Documents In ‘Mass Joinder’ Contingency Fee Lawsuit Suggest One Attorney May Be Pocketing Upfront Fees From Clients Without Telling Co-Counsels Posted: 26 Apr 2011 09:03 PM PDT Court documents filed in a Los Angeles, California Superior…[...]

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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM THE FREE HOUSE MYTH EXPOSED: IT IS GOING TO WALL STREET EDITORIAL NOTE: Following up on my article yesterday about who owns the debt, some clarity is introduced by the filing of what will be a series of lawsuits against the underwriting Wall Street brokerage houses that sold mortgage bonds,  violated the provisions of…[...]

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Tags: AIG, bailout, borrower, credit crisis, disclosure, Eviction, Federal reserve, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, predatory lending, quiet title, rescission, securitization, TILA audit, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR'S NOTE: This article was originally run last year, but it is just as relevant now as before. If you're rich, you have no MORAL obligation to pay the debt. If you're in the majority of not rich people, then morality applies to you. Biggest Defaulters on Mortgages Are the Rich By DAVID STREITFELD…[...]

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Tags: borrower, foreclosure, foreclosure defense, foreclosure offense, fraud
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM FRAUDULENT FORECLOSURES WEIGH HEAVY ON ECONOMY EDITOR'S NOTE: The illusion of securitization has popped as analysts pore over balance sheets and income statements, coming up empty --- no real assets worth the necessary amount to sustain the megabanks while at the same time the real assets are not perceived where they have been all…[...]

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Tags: bailout, bankruptcy, borrower, case-shiller, countrywide, disclosure, economy, Eviction, foreclosure, foreclosure defense, foreclosure offense, fraud, housing prices, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR'S NOTE: One developer is actually giving away a car if you buy the house and it still isn't it working. Surprised? How can anyone even expect new housing to recover when there isn't any need for new houses? The "new house" myth is the same as the "free house" myth --- it isn't…[...]

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Tags: bailout, borrower, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, predatory lending, rescission, RESPA, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM REGISTER FOR CLE SEMINAR, HOMEOWNERS WELCOME EDITOR'S ANALYSIS: Here is the problem: $600 TRILLION in swaps seems like a big number. It is. And it is only an estimate, so we can assume there is some variance. How big is it? Well the combined currency issued across the world by all governments is $50…[...]

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Tags: bailout, bankruptcy, borrower, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, mortgage meltdown, Ny Times, rescission, securitization, TILA audit, trustee
Posted in bubble, Corruption, Eviction, securities fraud |