Rule of Thumb: If they can't execute a release or satisfaction of the mortgage, then they can't foreclose. And if they did, it is reversible. Whistle-Blower: Banks Give Homeowners the Runaround "In our managers meeting, which can last eight or nine hours, we probably addressed mortgage modifications five minutes or less," the banker said. Editor's Note: The reason is simple.…[...]

Continue Reading

Tags: ABC World News, creditors, DAVID MUIR, Diane Sawyer, foreclose, foreclosure defense, heavy caseloads, homeowners, judicial states, Mortgage, mortgage modification, non-judicial, release, satisfaction, securitization, securitized mortgages, Wells Fargo, Whistle-Blower
Posted in bubble, Corruption, Eviction, securities fraud |

Wells Fargo Bank, N.A. appears in many ways including as servicer (America Servicing Company), Trustee (although it does not appear to be qualified as a "Trust Company"), as claimed beneficiary, as Payee on the note, as beneficiary under the title policy, as beneficiary under the property and liability insurance, and it may have in actuality acted as a mortgage broker…[...]

Continue Reading

Tags: 120 East Fourth Street, 2010, 2855 Elm Street, 419-228-2091, 419-229-3786, 45201-5480, 45202, 45801, 45805, 513-241-3100, 513-241-4094, 620-624 N. Main stree, agency agreement, agency authority, America Servicing Company, American Home Mortgage, appearance of propriety, as trustee, Assistant Secretary, bank charter, beneficiary, Cincinnati, co-underwriter, commercial bank, conveyance of a percentage ownership in the pool, creditor, DD615990, Depositor, documentation, Florida Notary, foreclosure, funds were advanced, HERS, HOLDER, holder of the note, homeowner, indenture, investment bank, Irving, JP Morgan Chase Bank, Kathy Smith, lender, LERNER, Lima, Linda Bayless, money, MORTGAGE BROKER, N.A, N.A Trustee, November 19, Obligation, Oh, Ohio, Option One, Option One Mortgage, Option One Mortgage Loan Trust, Option One Mortgage Loan Trust 2007-6 Asset Backed Certificates, P.O. Box 5480, P.O. Box 631730, Payee, pooling and service agreement, presumption, property and liability insurance, Prospectus, repayment of principal non-recourse, Robert B. Blackwel, SAMPSON & ROTHFUSS, securities underwriter, securitization chain, securitized loan, Series 2007-6, Suite 200, Suite 800, Susana E. Lykins, Texas, title policy, trust, Wells Fargo, Wells Fargo Bank
Posted in bubble, Corruption, Eviction, expert witness, foreclosure mill, securities fraud, Servicer |

First I want to thank the readers who are sending in information that connects the dots. Relationships between companies that were not obvious, signors with dubious authority. Signors on assignments, allonges, indorsements, affidavits on behalf of multiple "employers (see Judge Schack's decisions), Pool Names, Trustees, servicers, underwriters, loan originators etc. are all pouring in. While we are compiling the database…[...]

Continue Reading

Tags: HERS, SEARCH ENGINE
Posted in bubble, Corruption, Eviction, securities fraud |

You will need to check the date of the signing by both of these ladies. You see Maria Leonor Gerholdt’s notary commission expired on 5/26/09 and Mary Jo McGowans’ expired on 7/3/07. Here’s their respective info from FL http://notaries.dos.state.fl.us/notidsearch.asp?id=1086223 http://notaries.dos.state.fl.us/notidsearch.asp?id=1012235[...]

Continue Reading

Tags: 5/26/09, 7/3/07, HERS, http://notaries.dos.state.fl.us/notidsearch.asp?id=1012235, http://notaries.dos.state.fl.us/notidsearch.asp?id=1086223, Maria Leonor Gerholdt, Mary Jo McGowans, notary, NOTARY COMMISSION, NOTARY COMMISSION EXPIRE
Posted in bubble, Corruption, Eviction, expert witness, foreclosure mill, securities fraud, Servicer |

“We did not service the loan,” Mr. Dale said. “We did not originate the loan, and we were not the financial entity that placed it into foreclosure. Do you understand what a trustee does?” Editor's Note: Well, Yes Mr. Dale, we do understand what a trustee does and can do ---- nothing. So why are you initiating foreclosures if you…[...]

Continue Reading

Tags: A.F.L.-C.I.O, Alex Samuelson, Americans for Financial Reform, Andy Stern, Aramark, Bank of New York Mellon, Citigroup, conduit, contingent agent, derivatives, disclosure, discovery, Financial Services Roundtable, foreclosures, forensic analysis, Goldman Sachs, Javier Morillo-Alicea, JPMorgan Chase, labor union, Lloyd C. Blankfein, Los Angeles, Louise Story, Minneapolis local, mortgages, New York Times, Occidental College, Peter Dreier, pool of loans, private equity firms, REMIC, research, Richard Alarcón, Richard K. Davis, Richard L. Trumka, S.E.I.U., securitized mortgages, Service Employees International Union, SPV, Steve Bartlett, Steve Dale, STEVEN GREENHOUSE, trustee, U.S. Bank, UNIONS, variable-rate bonds
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: Another example of attorney as MERS Assistant Secretary through access to password and user ID. She is an attorney with Marshall Watson and has appeared on numerous documents signing also as having limited power of attorney for Bank of America, Countrywide, Wells Fargo and probably others. Check your documents in Florida. If you see an assignment or any…[...]

Continue Reading

Tags: America Servicing Company, Assistant Secretary, authorized signatures, Bank of America, BOA, BofA, Caryn A. Graham, Caryn A. Graham – Attorney at Law, Caryn A. Graham – MERS Assistant Secretary, countrywide, fabricated documents, FL, foreclosure mill, forged documents, Fort Lauderdale, HERS, JOHN KENNERTY, Marshall Watson, MERS, VP of Communications for America Servicing Company, VP of Documentation, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

Charles Koppa (Poppa Kappa) has done some investigative reporting on this case and we find numerous discrepancies between the police and media version of the event from actual facts. The case was typical until it ended in the homeowner's untimely death in what police reported was a gun battle. Current reports indicate that the property is "investor hold." Kurt Aho…[...]

Continue Reading

Tags: Bank of America, BOA, BofA, Charles Koppa, Death by Foreclosure, Kurt Aho, Phoenix, public auction, Suicide by Cop, SWAT, Tiffany and Bosco
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: The significance of this announcement is that the bondholders, who were insured directly by AMBAC (as opposed to the investment bankers who bought "bets" like credit default swaps) are receiving 25 cents on every dollar they funded as creditors for the funding of loan to homeowners (debtors/ borrowers). This supports and corroborates two basic premises of this blog:…[...]

Continue Reading

Tags: Ambac Financial Group Inc., Andrew Frye, appraisal fraud, Bloomberg, bondholders, credit default swaps, creditors, damages, debtors, default, discovery, foreclosure defense, forensic analysis, full accounting, HERS, insurance, Insurance Commissioner, Jody Shenn, Obligation, payment, principal reduction, Sean Dilweg, securitized residential mortgage
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: Better late than never. It is a step in the right direction, but 30% reduction is not likely to do the job, and waiting for mortgages to become delinquent is simply kicking the can down the road. The political argument of a "gift" to these homeowners is bogus. They are legally entitled to the reduction because they were…[...]

Continue Reading

Tags: Alan M White, ARIZONA, assistant secretary of the Treasury, Bank of America, BOA, BofA, Brad Hunter, Commerce Department, countrywide, credit cards, David Streitfeld, debt forgiveness, forgiveness of debt, Fremont Investment and Loan, Housing and Urban Development, inspector general, Jack Schakett, Louise Story, Martha Coakley, Massachusetts, Metrostudy, Michael S. Barr, Neil M. Barofsky, New York Times, predatory lending, preumptively unfair, principal reduction, redefault, Scottsdale, Steve Walsh, Supreme Judicial Court, TARP, Troubled Asset Relief Program, Valparaiso University School of Law, Wachovia, Wells Fargo, White House
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

The Poynter Institute, a journalism think tank in St. Petersburg, FL, posted a piece about two NPR correspondents who bought a toxic asset. Thought some of you might be interested in learning more about it. ACS Posted by Mallary Jean Tenore at 6:33 AM on Mar. 22, 2010 National Public Radio reporters David Kestenbaum and Chana Joffe-Walt wanted to help…[...]

Continue Reading

Tags: Adam Davidson, Alex Blumberg, Amy Stevens, animated video, Caitlin Kenney, Chana Joffe-Walt, Craig Schiffer, David Kestenbaum, interactive time line, Mallary Jean Tenore, NPR, Planet Money, pooled, Poynter Institute, story for "Morning Edition, toxic asset, We Bought a Toxic Asset, You Can Watch it Die
Posted in bubble, Corruption, Eviction, securities fraud |