Decision issued June 2, 2010: Mabry decison on appeal california case Yeah for us!! I'll add to this comment later, but I wanted you all to see that one step at a time, the noose is tightening for these "Pretender Lenders." While the issue was whether contact had been made as required by California statue, the statement from the Court…[...]
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The Great Unwind and the Final Redemption by O. Max Gardner What we are experiencing is called the global credit crisis for a reason. There is too much debt in the world. There is too much oil in the Gulf of Mexico and too little oil in the rest of the world. What used to be up now seems to…[...]
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In States Requiring Mediation
Jun 3, 2010
More and more states are following the example set by the federal government in requiring mediation or modification attempts before going forward with litigation. We think that is a good idea in theory, but without the teeth that is in the enabling rules and statutes in Florida, you are just going to end up playing the same game of "who's…[...]
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Lender Processing Services, Inc. Contact Info
Jun 3, 2010
In the secured offices (and network operations center) of this entity is the REAL STORY about the fraud being perpetrated upon the U.S. Court system and every post 2001 borrower, whether they are in distress or not. Here is where the system works its charms --- from avoiding actual title reports, relying upon much less expensive credit reports, to the…[...]
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29248253-Mers-May-Not-Foreclosure-for-Fannie-Mae Editor's Note: Their intention was to get MERS and servicers out of the foreclosure business. They now say that prior to foreclosure MERS must assign to the real party in interest. Here's their problem: As numerous Judges have pointed out, MERS specifically disclaims any interest in the obligation, note or mortgage. Even the language of the mortgage or Deed…[...]
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By James R. Hagerty Barclays Capital The numbers through March 2010 are estimates, the rest are projections. It’s a bit like guessing how many pennies are in a gallon jug at the state fair, but housing analysts keep trying to count how many foreclosed homes banks and mortgage investors own. Why should we care? Unlike at the state fair, there…[...]
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The notion that nobody is going to approve of borrowers getting a free house is a myth. It isn't up to anyone but the people who own those homes. If given the choice they would negotiate in good faith. Given no choice, they won't pay. Just Say NO. That is the battle cry of more and more people as they…[...]
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Editor's Note: It's as frustrating to my friends of color as it is to me that the article makes such a big point out of this being a black problem. It puts distance between the rest of us and the economic crisis that affects all of us. The drop in median income, the concurrent drop in the ability to pay…[...]
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They fought for their country because their country asked them to. They gave the last measure of their physical existence for us. Stop a minute and think about the millions who died, or were disabled in our name at our behest. They fought for the warrior next to them, in front of them and in back of them. They were…[...]
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All I can is you MUST read this. It explains better than I have done the relevancy of transfers within the structure of securitization of a residential mortgage loan. Gingo attended my seminar and took it from there. He ran with the ball and he's heading down field to a touchdown. 5 27 10 First Franklin Appeal George Gingo[...]
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