if the payment is directed to the company claiming to be a servicer on behalf of a non-existing creditor, the homeowner's liability for the scheduled payment is not reduced. Like most foreclosure sales, the proceeds from insurance are used as free money or revenue by all of the participants in the fake process of servicing. * Update from reader/client: you…[...]
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The bottom line is if someone offers you a return higher than the marketplace offers, there is no way for them to pay you except by selling more investments to new victims. You will almost definitely lose your money. Mr. Gallagher promised a 5 to 8 percent return on his clients’ investments, according to court records. A vast majority of…[...]
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**** Sign Up for 1 Hour 1 CLE Prelitigation Webinar 11/19/21 4PM Friday**** * Back in 2006 on TV, I said something like this: "Given the size and scope of this illegal enterprise, there probably are not enough available assets in the world to purchase and hide from public scrutiny. The banks will inevitably expand into fields in which they…[...]
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Both homeowners and lawyers like to throw around the term "fraud upon the court." But it actually ends up diminishing the credibility of both. There are several reasons why you should not allege fraud unless you have indisputable sold proof that the documents and/or oral arguments were filled with statements that were known to be false when they were made.…[...]
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I think the article presents some very valuable information, insight and analysis. But it fails to take into account the central weakness. * see Credit rating failure 47.full * The certificates that are referred to as "mortgage-backed securities" are neither mortgage-backed nor securities. There have been at least dozens of cases in which tax treatment or liability of the trustee…[...]
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It is true that someone will execute a release of the lien. What is not true is that they have any authority to do so --- nor is it true that PHH has any right to receive any money, whether it is a monthly payment or a payoff. In fact it is not true that PHH will receive any money.…[...]
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People keep getting letters and they tend to treat the information as real simply because it is in writing. That is the nub of the Wall Street scheme --- send out written communication and documents without regard to the truth and people will assume that the document or letter would not have been sent if at least someone didn't think…[...]
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The Truth About Wilmington Savings Fund Society (WSFS) and Fake Trust Names Foreclosure filings often name powerful-sounding entities like “Wilmington Savings Fund Society, FSB d/b/a Christiana Trust as Owner Trustee of the Residential Credit Opportunities Trust III.” Asking The Right Questions to Uncover The Truth To fully understand this, our founding foreclosure defense attorney, Neil Garfield, Esq., starts his investigation…[...]Continue Reading
Thursdays LIVE! Click into the WEST COAST Neil Garfield Show with Attorney Charles Marshall Or call in at (347) 850-1260, 6pm Eastern Thursdays Now that the various foreclosure and eviction moratoriums have either ended, or are on life support, it is more important than ever for homeowners in or near foreclosure, to exploit the paper trail created by servicers and purported mortgage…[...]
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The certificate holders are creditors of the beneficiary investment bank who is merely doing the business under the name or label of the "trust." In short, it is a recitation of an investment bank doing business with itself. If you name your car Mary Ann it does not imbue the car with the attributes of a living being. But there…[...]
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