Posted on March 14, 2011 by Foreclosureblues BofA’s Force-Placed Insurance Unit Hid Foreclosure Information, Say E-Mails Released By Hacker Group The New York Times reports: A hacker organization known as Anonymous released a series of e-mails on Monday provided by a former Bank of America employee who claims they show how a division of the bank sought to hide information…[...]

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Tags: BofA, forcedplace insurance, foreclosure defense, foreclosure offense, foreclosures, fraud, TILA audit
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ SEE ALSO 10-lies-we-live-by-and-should-stop-believing-if-we-want-this-to-stop EDITOR'S COMMENT: In this age of cynicism and corporate money directing every election, it probably comes as no surprise to you to learn that the House Committee Chaired by Barney Frank contains members whose campaign contributions comes mostly from the industry they are supposedly regulating with laws to…[...]

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COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR'S NOTE: Just like the other mortgages, there was a scam operating. Whether these were securitized or not I don't know yet. But one thing that has tweaked my interest is to know what appraisal figures were being used on a house where the reverse mortgage was being used and versus…[...]

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Tags: foreclosures, reverse mortgages, scam, securitized
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR'S NOTE: The number of foreclosures on active military homeowners who were fighting for their country at the time their homes were being stolen by pretender lenders is far in excess of the small numbers referred to in this article. It is abhorrent to treat those who fight on command of…[...]

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More Loan-Modification Options for the ‘Underwater’ By LYNNLEY BROWNING STRUGGLING homeowners who owe more on their mortgages than their properties are worth have had few options to restructure their loans, but that may soon be changing for a few of them. Six months after the Federal Housing Administration announced an $11 billion refinancing initiative for these “underwater” borrowers, nearly two…[...]

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Adam Levitin | Foreclosure Fraud Settlement: The Empire Strikes Back (or Why Are Republicans So Obsessed with Backdoor Cramdown?) Posted by Foreclosure Fraud on March 10, 2011 · 7 Comments I don’t know what these people are complaining about. The 27 page “term sheet” is mostly made up of existing laws that the servicers are asked to adhere to with no…[...]

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Daily Finance | Foreclosure Fraud in Maryland: Banks’ Lawyers (Shapiro & Burson) Accused of Forging 1,000+ Deeds Posted by Foreclosure Fraud on March 10, 2011 · 11 Comments Well well well. I wonder if this includes forged satisfactions of mortgage as well, Mr. President… Foreclosure Fraud in Maryland: Banks’ Lawyers Accused of Forging 1,000+ Deeds By ABIGAIL FIELD As if the…[...]

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COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR'S NOTE: This is exactly what the BAP appellate judges said when I listened in on an appeal --- that they had several occasions in which on the same docket, two completely unrelated parties both claimed to be the holder of the original note and both claimed to have the right…[...]

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COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR'S COMMENT: All they are seeking to do is restate the obvious --- that if the foreclosure is not done properly, title will never be clear --- a point that we have been making for three years here. It is a very hot issue since the title companies are at maximum…[...]

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Bank of America Takes $533,500 Loss on Barbara Desoer’s Home Posted on March 11, 2011 by Foreclosureblues Today, March 11, 2011, 6 hours ago | ceramic cat FROM: http://blogs.wsj.com/deals/2011/03/1…_share_twitterBank of America Corp. is fighting an effort to force U.S. banks to reduce the amount some borrowers owe on their mortgage. But property records show that the bank was willing to take…[...]

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Tags: BOA, principal reduction
Posted in bubble, Corruption, Eviction, securities fraud |