MERS PRESS RELEASE 10_8_10(2) If were trading in the market and MERS was a public company I'd be shorting the stock. This release from R.K. Arnold does nothing more than admit the problem and his response is "say it isn't so!" My speculation is that the reason for this release is that companies that were paying their fees are changing…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

TOP READER PICKS FOR SERVICES AND PRODUCTS The very title of the article in the Florida Bar News tells it all: "Faulty Filings Hamper Clearing Foreclosures." by Gary Blankenship.  The state of Florida is stepping on a rake. Caving under pressure from the banking lobby, legislators are putting pressure on the Florida bar and the entire judiciary to “clear” the…[...]

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Tags: Clearing Foreclosures, Faulty Filings, Florida Bar News, Gary Blankenship
Posted in bubble, Corruption, Eviction, securities fraud |

THANK YOU CITI FOR DOING OUR WORK FOR US TOP READER PICKS FOR SERVICES AND PRODUCTS Submitted by Jon Lindeman, Esq. Florida So with the chain of documentation now in question, and trustee ownership in question, here is one legal scenario, according to Prof. Levitin: The mortgage is still owed, but there’s going to be a problem figuring out who…[...]

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Tags: Citi, LEVITIN, REMIC, title
Posted in bubble, Corruption, Eviction, securities fraud |

TOP READER PICKS FOR SERVICES AND PRODUCTS Josh Rosner, of Graham-Fisher, put the following out in a note today, claiming violations of pooling and servicing agreements on mortgages could dwarf the Lehman weekend: Nearly all Pooling and Servicing Agreements require that “On the Closing Date, the Purchaser will assign to the Trustee pursuant to the Pooling and Servicing Agreement all…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

TOP READER PICKS FOR SERVICES AND PRODUCTS Findsen Letter to Arizona AG Terry Goddard Today, October 12, 2010, 3 hours ago | findsenlaw I encourage all Arizonans to contact Goddard with egregious examples of fraudulent documents, oh, I mean “paperwork errors” that happen to be substantively misleading. Here’s my letter sent express mail with a binder of examples from my…[...]

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TOP READER PICKS FOR SERVICES AND PRODUCTS THE OBAMANOMICS MYTH THAT BORROWERS NEED TO BE FORCED OUT OF HOMES THEY CANNOT AFFORD: Therefore, they argue, there should be no stopping the foreclosures. Here is where this writer and other contributors to the blog and the Ivory Tower collide. And here is where the Democrats are going to take a hammering…[...]

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Tags: Dallas, DEFICIT, destruction of documents, fraud, larry hagman, moratorium, security investment, title chaos
Posted in bubble, Corruption, Eviction, securities fraud |

TOP READER PICKS FOR SERVICES AND PRODUCTS EDITOR'S NOTE: Discovery should include inquiries about MARS and Phoenix. See below. Inch by inch we get closer and closer. From a reader in litigation: I worked for Wells Fargo as an contractor. I was a computer programmer in the Frederick, md office. I also worked in the Columbia, md office where Wells…[...]

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Tags: HSBC, MARS, Master Servicer, MERS, Phoenix, Wells
Posted in bubble, Corruption, Eviction, securities fraud |

Justice Department Probing Foreclosure Processes Published: Wednesday, 6 Oct 2010 | 6:33 PM ET The U.S. Justice Department said on Wednesday it was probing reports that the nation's top mortgage lenders improperly evicted struggling borrowers from their homes as part of the devastating wave of foreclosures unleashed by the financial crisis. Repres There has been a push by federal and…[...]

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Tags: Department of Justice, DOJ, robo signers
Posted in bubble, Corruption, Eviction, securities fraud |

DOWNLOAD ATTORNEY WORKBOOK 600+ PAGES BY KARL DENNINGER, MARKET TICKER AS POSTED ON FORECLOSUREBLUES THE QUESTION NOBODY IS ASKING Today, October 09, 2010 Except me, of course…. I’m referring to the “why”. There’s an old-school journalism standard – it’s called the “Five Ws”: Who? What? Where? When? Why? Some add a sixth, an “H” – “How?” We know the answers…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

“Maybe the banks think we don’t have the gumption to pull the trigger,” Mr. Goddard said. States Are Pondering Fraud Suits Against Banks November 3, 2009, 3:45 am Newly empowered by the Supreme Court, the attorneys general of several states hit hard by the housing collapse are exploring consumer fraud suits against major mortgage lenders. Frustrated by the banks’ inability…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |