Broken Promises: Promissory Note Fraud A promissory note is a form of debt – similar to a loan or an IOU – that a company may issue to raise money. Typically, an investor agrees to loan money to the company for a set period of time. In exchange, the company promises to pay the investor a fixed return on his…[...]

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Tags: note, promissory note, scam
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED The sharks are circling. Industry practices for the past ten years have been based upon intentional misrepresentation. If their lips were moving, if they submitted a document, they were lying. The lawyers, the banks and the individual people who signed any of these documents are in serious trouble along with those who witnessed and notarized their signatures.…[...]

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Tags: default, errors and omissions insurance, False testimony, fraud, GMAC, monetary damages, wrong ful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED EDITOR'S NOTE: Well it has finally happened. Three years ago I couldn't get a single lawyer anywhere to consider this line of work. I predicted that this area of expertise in their practice would dwarf anything they were currently doing including personal injury and malpractice. I even tried to guarantee fees to lawyers and they wouldn't take…[...]

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Tags: affidavits, allonge, assignments, damages, fraud, GMAC, Indorsements, Ny Times, slander of title, Streitfeld, Substitution of Trustee, wrongful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED "According to testimony last week, from January 2006 to June 2007, Clayton reviewed 911,000 loans for 23 investment or commercial banks, including Citigroup, Deutsche Bank, Goldman Sachs, UBS, Merrill Lynch, Bear Stearns and Morgan Stanley." It's like slapping some paint on a 30 year old Chevy and selling it as a Rolls Royce. As long as the…[...]

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Tags: appraisals, Financial Crisis Inquiry Commission, fraud, fraud gross negligence, GRETCHEN MORGENSON, gross negligence, ratings
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED "As basis for the legal case, WaMu had submitted an assignment of mortgage, which however the court just found never actually belonged to WaMu, and instead was carried on the books of Fannie Mae." EDITOR'S NOTE: It's an old story to us but it's news to everyone else. Yes it IS fraud, and all you have to…[...]

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Tags: affidavits, Chase, Duval, Fannie MAe, Florida, FNMA, fraud, fraud on the court, GMAC, HOLDER, JP Morgan, owner of record, real party, servicer, standing, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED 1.    Your commentary states the trust that owns my note and provides documents of the trust; however the securitization report shows no matches of any of my loan characteristics.  Therefore, how was the trust identified as the owner of my note?  There had to be some rational explanation for determining this trust. This is a good question.…[...]

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SERVICES YOU NEED AUTHORITY AND AGENCY In "Fair Game" Gretchen Morgenson continues to unravel the failing process of "saving homes" while the world ignores the simple truth that legally the homes are in no jeopardy but for the pranks and illusions created by the pretender lenders. There is no valid foreclosure, auction, mediation, modification, short-sale, satisfaction of mortgage, release and…[...]

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Tags: agency, Auction, authority, foreclosures, mediation, modifications, satisfaction of mortgage, short-sale
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

Top Posts and Pages 18 months Obama has been in office. We suffered waiting for the administration to get the facts and develop a plan to do something about it. To tell you the truth I never thought of this way, but he's right --- it is the best way possible. It took 35 years for us to get into this…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Warren Works on Mortgage Disclosure; She Needs to Work on Foreclosure Fraud By: David Dayen Wednesday September 22, 2010 7:10 am // Tweet Share Elizabeth Warren has gotten right to work in her new position, announcing at a Treasury forum the intent to simplify mortgage documents for homeowners: “Disclosure isn’t going to solve all problems, but it is one of…[...]

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Posted in Uncategorized |

SERVICES YOU NEED 9.24.10 BARNEY FRANK LETTER-Letter-to-Fannie-on-Foreclosure-Fraud[1] VIDEO FEED FROM TAMPA TV In a blunt, no nonsense letter to Fannie Mae three congressional representatives including Barney Frank who has enormous clout, a shot heard round the country was heard. It wasn't just a letter of inquiry or even at the level of complaint. It was an accusation and a demand…[...]

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Tags: Alan Grayson, Barney Frank, congress, Connie Brown, Fannie MAe, FNMA, foreclosure mills, ownership of the note
Posted in bubble, Corruption, Eviction, securities fraud |