Interesting Post from Anna: Editor's Note: As I have repeatedly said unless the pretender lender volunteers, NOTHING stops a foreclosure other than an Order signed by a Judge in a Court of competent jurisdiction, which includes the automatic stay relief afforded by filing a petition for debtor relief in Chapter 7, 11 or 13 Bankruptcy. NOBODY has a right to…[...]

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That NOTICE OF DEFAULT is probably not what it appears. It is probably an unauthorized document based upon incorrect financial data, and fabricated or useless documents. That ASSIGNMENT might look good on its face but it probably has no legal effect. California Reconveyance is suspect for the following reasons The notice of default usually says they are either the trustee…[...]

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Tags: apparent authority, assignments, authorized, California Reconveyance, clouded title, default, fabricated, trustee
Posted in Corruption, expert witness, foreclosure mill, Modification, securities fraud, Servicer |

“This will go on for a long time and a lot of people will be indicted,” “The government continues to show that it simply doesn’t understand how this market operated,” Editor's Note: If you read this carefully, you get a flavor of how the derivative scam adventure involved everyone except its victims. Mind you, there is nothing wrong and probably…[...]

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Tags: amnesty agreement, Andrew Young School of Policy Studies at Georgia State University, Baltimore lawsuit, Bank of America, Bank of America’s municipal derivatives division, Bartley Hildreth, BLOOMBERG NEWS, CDR, CDR Financial Products Inc., Charlie Anderson, Citigroup Inc, co- conspirators., courtesy bids, David Rubin, Dean Pinard, derivatives, Deutsche Bank AG, Dexia SA, Dominick Carollo, Doug Davis, Eden Prairie, Evan Zarefsky, Federal Bureau of Investigation, FGIC, FGIC Capital Market Services, Financial Industry Regulatory Authority, Financial Security Assurance, Finra, funnel, futures, GE, General Electric Co., GICs, Grant Whitaker, Gruer, guaranteed investment contracts, HERS, Hildreth, Image, Image at Sparks Steak House, indictment, Investment Management Advisory Group Inc., Johan Rosenberg, John Siffert, JPMorgan, Justice Department, Kevin Foster, kickbacks, Laura Hoguet, Lehman Brothers, Loughead, Mark Manchin, Martin Z. Braun, Merrill Lynch & Co., municipal, opaque debt investments, Options, Peter Grimm, Peter Loughhead, Phil Murphy, Pinard, PMI Group Inc., regulators, Robert Jones, Royal Bank of Canada, Rubin, Sam Gruer, Securities and Exchange Commission, sewer authority, Shirley Norton, Sound Capital, Sound Capital Management, Stallone, Steven Goldberg, swaps, U.S. District Court in Manhattan, UBS, Wachovia Corp, West Virginia, West Virginia School Building Authority, William Selway, Wolmark, Zarefsky, Zevi Wolmark
Posted in bubble, Corruption, expert witness, foreclosure mill, securities fraud |

Since the entire scheme was based upon using money advanced by investors, why are they not the beneficiaries on the mortgage or deed of trust and why were they not the payee on the note? The investors would not have advanced any money without getting a certificated or non-certificated interest in the pool of assets "purchased" with money from a…[...]

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It's part of motion practice and part of other preparation for an evidentiary hearing. Although it is rare that these matters are set for hearings where witnesses testify and documents are proffered in evidence, they are becoming more common. That's why I am considering doing the "OBJECTION! Workshop" in August or November which is the companion to the Discovery and…[...]

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I'm probably partly to blame for this notion so I want to correct it. The goal is NOT to get your house for free, although that COULD be the result, as we have seen in a few hundred cases. The simple answer is "No Judge I am not trying to get my house for free, I'm trying to stop THEM…[...]

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There’s more than one way to attack the prima facie case though—here’s a good example of a nice result from attacking the assignment… This NY decision lays out the legal reasoning for dismissing cases for problematic assignments: Decided on April 19, 2010 Supreme Court, Kings County The Bank of New York, as trustee for the benefit of the Certificateholders, CWABS,…[...]

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According to two EMC analysts, they were encouraged to just make up data like FICO scores if the lenders they purchased loans in bulk from wouldn't get back to them promptly Editors' Note: With Bear Stearns "underwater" it is difficult to come up with scenario where there won't be criminal charges brought against the bankers and traders who worked there.…[...]

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Tags: AAA rating, BEAR STEARNS, BlueChip Films, Confidence Game, congress, criminal violations, Cuomo, EMC analysts, fabricated documents, Falsified Information, HERS, ratings, S&P, Standards and Poor's, Susan Barnes, Van Leeuwen
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EDITOR'S NOTES: BASICALLY IT IS ABOUT MONEY: Investment Banks make more money as long as the loans are non performing All the other intermediaries make more money while the loans are non-performing The details of securitization as a scheme to defraud investors and borrowers are kept under wraps Insurance is only paid on loans that are devalued or in default…[...]

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SECURITIZATION If They Did It Right Sometimes it IS easier to prove a negative than a positive. Your opposition has far more facts than you do and in due process, should be required to prove them up into a prima facie case using real evidence from competent witnesses, with real documents that nobody played with before initiating foreclosure. So let's…[...]

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Tags: business records, CLOSING WITH BORROWER, CLOSING WITH INVESTORS, CLOSING WITH SECURITIZATION PARTICIPANTS, evidence, prima facie case, securitization, SUBROGATION, SUCCESSORS IN INTEREST, third party payments
Posted in foreclosure mill, Modification, securities fraud |