Our good friend "Anonymous" has piped up with more vital information and expressed it more succinctly than I did. "The senior tranches have largely already been paid and closed. Since the junior tranches are paid only if there is left over current payment – after the senior tranches have been paid. Thus, junior tranches are paid nothing (this is evident…[...]

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Tags: creditor, fraud, mediation, REAL PARTY IN INTEREST
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

EDITOR'S NOTE: It wasn't so long ago that I had to practically pulled teeth to get her attorneys to agree with the proposition that nearly all of the foreclosures were fake.  Matt Wiedner seems to have his finger on the pulse of what is really happening. I think the most important feature of this article is that mediation is a…[...]

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sternclassaction Entered on the Court docket of the Southern District of Florida, a class action for damages has been filed against MERS, the Stern Law Firm and David Stern individually.The lawsuit alleges racketeering under the RICO (Racketeer Influenced and Corrupt Organization Act, 18 U.S.C. Sec. 1962 and 1964) statute, alleging that MERS was created "in order to undermine and eventually…[...]

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EDITOR'S NOTE: AFTER MUCH FIGHTING WITH MYSELF OVER THIS I'VE DECIDED TO ALLOW POSTINGS FROM LAWYERS LOOKING TO DEFEND HOMEOWNERS. Here is the first one picked at random. I do not know this lawyer. But I think it is important to start allowing people to see what I see. There are many lawyers out there. Some are good, some not…[...]

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Florida :Watch out for Conciliation/Mediation Scam ———————————————————————- Florida Default Group is emailing foreclosure defense attorneys with emails stating “Per your request, conciliation will be scheduled for your client…” that is how the are scamming even REPRESENTED defendants out of their right to a third party mediation (not that they are going to work anyway). As I myself have witnessed on…[...]

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WHY AND WHEN YOU NEED A LAWYER For the next several days we will consider the use of professionals in connection with mortgage disputes. We'll cover everything from the most modest modification to bankruptcy, litigation, and appeals. These will also be the subject of several free videos that I'll record from my home office. The first thing you need to…[...]

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I've always been puzzled by the lack of action and reaction of the public to the mortgage crisis. As I write this, it gets worse, more people lose their homes, more homes are beset by adversary relations between family members, more alcohol abuse, more spousal abuse, more child abuse, more anxiety, depression, divorce and grief. This was all done TO…[...]

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From M. Solimon Editor's Note: Pretty Good Entry From M. Solimon discussing aspects of fraud. I would add the following: FRAUD: A false statement wherein the speaker knows it is false, intends for it to be relied upon to the detriment of the receiver, who does reasonably rely on it to his/her financial detriment. FRAUD IN THE EXECUTION: A trick…[...]

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Here are some things we can all agree on regardless of our position on the appointment. Let's look at the attributes of this candidate for the job of heading the Bureau of Consumer  Financial Protection: SMART (HARVARD) CREDIBLE WELL-INFORMED EXPERIENCED DEVOTED TO HER DUTIES (CONGRESSIONAL OVERSIGHT COMMITTEE CHAIRMAN) STUDIOUS THOUGHTFUL CAPITALIST IDEOLOGY (BLAMES PEOPLE NOT THE SYSTEM) PATRIOTIC (CONCERN FOR…[...]

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Tags: BFCP, Bureau of Financial Consumer Protection, Elizabeth Warren
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64868?RS_show_page=0 EDITOR'S NOTE: How refreshing to see someone who approached this not with caution but with a desire for truth. Read this and you will understand a lot more about the Great Recession. "The "Pig in the Poke" scam is another key to the entire bailout era. After the crash of the housing bubble — the largest asset bubble in…[...]

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Tags: AIG, AIG counter-parties, Blankfein, Federal reserve, Goldman Sachs, Matt Taibbi, Societe Generale
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, securities fraud |