UPDATE: This is THE OUTLINE of a plan that is current in its evolution but by no means complete or the last word. It replaces the entry I made in February of this year. The assumption here is that even without taking mortgage foreclosure cases into consideration, the percentage of cases that actually go to trial is between 5%-15% depending…[...]

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Tags: debt validation, expert declaration, forensic analysis, qualified written request, TILA audit, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

NEW YORK CLASS ACTION FILED AGAINST BANKS AND THEIR FORECLOSURE MILL ATTORNEYS Today, August 20, 2010, 24 minutes ago | Foreclosureblues Class action suit filed in New York against “foreclosure mill” attorneys and banks Fri, 2010-08-20 10:19 — NationalMortgag… New York-based attorney Susan Chana Lask has filed a federal class action complaint on behalf of tens of thousands of New…[...]

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Posted by Ann Editor's Note: These go up either because someone else posts them or I run across the work of a lawyer that I liked. No guarantees, no magic bullets. 2010/08/18 at 7:34 pm Florida – Before hiring a lawyer, check his credential at the Florida Bar website member seach: http://www.floridabar.org/names.nsf/mesearch?openform. Go to the Court House and ask the…[...]

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From Gregg Christoff, who apparently doesn't like what I have to say and thinks I don't know what I'm talking about ---- Ok, no offense but this Garfield has no clue what he is talking about in this article. Let me tell you how YSP actually work. Typically banks send mortgage originators (lender) rates every day. The lender then chooses…[...]

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Quoted from April Charney --- I'm not sure of the source. She is right on every point.PSA= Pooling and Servicing Agreement EDITOR'S NOTE: Glad to see that April is doing what the rest of us are doing --- going deeper and deeper. There are two things you need --- the loan specific title search with analysis and the securitization search,…[...]

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Tags: SEC report, SEC search, securitization search, title report, title search
Posted in bubble, Corruption, evidence, foreclosure mill, Motions, Pleading, securities fraud, Servicer |

Submitted by Attorney William H. Pincus bpincus@whpincuslaw.com 2010/08/17 at 1:43 pm I just received a Notice of Filing Assignment of Mortgage From MERS in Virginia to BAC in Texas and signed by — you guessed it — Caryn A. Graham in Florida. It was notarized by Shavonia L. Turner before her notary privileges were revoked. And it is dated Nov.…[...]

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A YIELD SPREAD PREMIUM IS A FEE PAID TO A BROKER FOR CREATING A FRAUDULENT PROFIT BY LYING TO THE CUSTOMER WHO BUYS A FINANCIAL PRODUCT. This particular lie would be about the rate on the loan. One would think this was already illegal and one would be right. Not only is it specified in the Truth in Lending Act…[...]

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Tags: David Streitfeld, fraud, RICO, TILA, yield spread premium, YSP
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

AND THEY ARE GOING OUT STEADILY. CHECK YOUR "JUNK" EMAIL FOLDERS. Kudos to Dan Edstrom who streamlined the process for the commentaries. The process turned out to be far more complex than we realized when we started. THANKS FOR STICKING WITH US AND SUPPORTING THIS EFFORT!! CLICK HERE --> if-you-subscribed-to-the-special-offer-at-149[...]

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MAINE SUPREME JUDICIAL COURT    Reporter of Decisions MERS v Saunders Law Court decision[1] Decision: Docket: Argued: Decided: Panel: 2010 ME 79 Cum-09-640 June 15, 2010 August 12, 2010 SAUFLEY, C.J., and ALEXANDER, LEVY, SILVER, MEAD, GORMAN, and JABAR, JJ. MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. v. JON E. SAUNDERS et al. The good news is that we have yet another state…[...]

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Tags: 2010 ME 79, Maine Supreme Judicial Court
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

EDITOR'S NOTE: The shell game continues. While the media picks up stories about “settlements” giving rise to the presumption that Countrywide Home Loans and Bank of America and the rest of the securitization players committed various violations of statutes, duties, rules and regulations, the main point gets lost. Where is this money going and WHY? What is the tacit or…[...]

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Tags: ALAN ZIBEL, AP, Bank of America, countrywide, Joel Bernstein, KPMG, New York pension funds
Posted in bubble, Corruption, evidence, expert witness, foreclosure mill, Modification, Servicer |