“I’m more worried than I have ever been about the future of the U.S. economy,” said Allen Sinai, co-founder of the consulting firm Decision Economics and a longtime participant in the symposium. “The challenge is unique: poor and diminishing growth, a sticky unemployment rate, sky-high deficits and a sovereign debt that makes us one of the most fiscally irresponsible countries…[...]

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Tags: FINANCIAL MARKETS, Ny Times, recovery, SEWELL CHAN
Posted in bubble, Corruption, Modification |

Editor's Comment: Only one Bank has failed in Louisiana since the financial crisis began. And only one bank in the United States has commenced operations in the year 2010 -- this one in Louisiana. Despite an unofficial moratorium on new bank charters of 70-year-old retiree, Hartie Spence, managed to navigate the regulations and got the only new start-up bank to…[...]

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Tags: ANDREW MARTIN, FDIC, Harties Spence, Lakeside Bank, Louisiana, moratorium, Ny Times, St. Chales
Posted in Uncategorized |

Editor's Comment: Without inventing anything, an increasing number of Judges are coming to the same conclusion. If they apply the rules and deny the pretender lender the benefit of presumptions to which they were not entitled in the first place, the case can be heard on the merits. They don't need to decide who is right or who is wrong.…[...]

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Tags: affidavit, evidence, Florida, judges, motion for summary judgment, Rules
Posted in Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

Foreclosure Crisis New strategy attacks validity of affidavits August 26, 2010 hen it comes to fighting foreclosures, homeowners and their lawyers may have found a new strategy to score courtroom victories. Defense lawyers across the state are increasingly attacking the validity of affidavits that owners of notes must file with the courts as part of the foreclosure process. Attorneys like…[...]

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Tags: affidavits, DUSTIN ZACKS, evidence, Florida, ICE LEGAL, Paola Iuspa-Abbott
Posted in Corruption, Eviction, evidence, expert witness, foreclosure mill, Motions, Pleading, securities fraud, Servicer |

Damnedest thing I ever saw. BAC-Stewart - Plaintiff_s Memorandum in Opposition to Defendants_ Motion to Vacate (8_13_10) With the left hand in the right pocket and the left foot in the left pocket and the right foot in the back pocket. Read the whole thing through and give me comments.[...]

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Submitted by Jose Semidey CASE IN POINT: FORECLOSURE MILLS, JUDICIAL FRAUD, CONSUMER EXPLOITATION, GOVERNMENT SHAMS (an abstract) Unscrupulous foreclosure mill activities are more criminally exploitive than what becomes reported –not only in Florida. Appalling collection abuses have resulted in mill lawyers (or their affiliates) obtaining ownership of fraudulently foreclosed properties via purported bids at “simulated” auctions. Certain fraudulently auctioned properties…[...]

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EDITOR'S NOTE: It's always slower than we want. But the Bench is starting to groan at the absurd "settlements" being reached that are actually a vehicle for immunizing the major players from liabilities that vastly exceed the settlements. In most cases, class actions, government actions and other major agency complaints at state and federal levels are being settled for a…[...]

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THIS SERVICE IS AVAILABLE TO ANY PAID SUBSCRIBER OR MEMBER: SEE $9.95 PER MONTH DONATION/SUBSCRIPTION LLB SEE LL SUBSCRIPTION MEMBERSHIP $49.95 PER MONTH REQUEST FOR LEGAL SERVICE IN CALIFORNIA: We have a customer who has gone through the title search, securitization search and who has filled out the GTC Registration form on the right hand side of the Blog. Reference…[...]

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THIS IS FROM REUBEN NIEVES. IT IS A GOOD PIECE OF WORK AND HE WANTS COMMENTS AND CONTRIBUTIONS. HE HAS A FINELY MADE POINT HERE AND IT IS SELF-EXPLANATORY. I have always said that the power of sale raises constitutional questions --- namely, that no  person should be deprived of life, liberty or property without due process of law. The…[...]

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Tags: 14th Amendment and Due Process, due process, foreclosure, power of sale, rueben nieves, slavery
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

There are good business models and bad business models.  It is not automatically true that a large scale operation is running after the money rather than service for you, but be sure to check out their references. Many if not most of  these scam operations are being chased off the market with full support of the banking industry. It seems…[...]

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