Editor's Note: It seems to me that this concedes the battle to Wall Street. It encourages homeowners to take the loss that at the very least should be shared with ALL the players in the securitization scheme and creates more problems in housing and social services. Excerpt from NYT – do not buy into this - Program Will Pay Homeowners…[...]

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Tags: borrowers, cash for keys, David Streitfeld, lenders, New York Times, Obama
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: I recommend going, if nothing else to network with other homeowners. But don't get fooled into signing papers that create a new mortgage with virtually the same terms as your old mortgage. Also remember nearly all of these "modifications" are "trial modifications that put the homeowner back in the foreclosure mill. March 12, 2010 Homeowners Seek Help at…[...]

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Posted in Uncategorized |

see mers-admits-no-interest-in-mortgage-and-no-loss-on-default see glossary-mortgage-meltdown-and-foreclosure MERS (Mortgage Electronic Registration Systems, MERSCORP): A technology platform in which "members" gain access through password and user ID. Estimated number of employees is 17. Estimated number of "officers" self appointed is in the thousands. The platform is devoted to "servicing" participants in the securitization chain of mortgages. The platform allows members to enter data without…[...]

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Tags: MERS, MERS INC, MERSCORP, Mortgage Electronic registration Systems
Posted in bubble, Corruption, Eviction, securities fraud |

By JEFFREY ARLEN SPINNER, J.S.C, New York jfm33137@aol.com NY JUDGE AWARDS $155,092.00 TO HOMEOWNER Wells Fargo v Tyson Decided on March 5, 2010 Supreme Court, Suffolk County Wells Fargo, Plaintiff against Steven E. Tyson, SUSAN L. TYSON, LEITH ANN TYSON, LINDSAY TYSON and KYRA TYSON, Defendants 2007-28042 Richard Femano, Esq. Fein Such & Crane L.L.P. Attorneys for Plaintiff 747 Chestnut…[...]

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Tags: Jeffrey Spinner, New York, pro se, Trespass, Wells Fargo, Wells fargo v Tyson
Posted in Corruption, Eviction |

see MERS INSTRUCTIONS TO TRANSFER RIGHTS OPTION 1 MERS INSTRUCTIONS TO TRANSFER RIGHTS OPTION 2 PRECLOSING REG SHOWS PRE-KNOWLEDGE OF SECURITIZATION Arnold admitted MERS does not have a beneficial interest in any mortgage; does not loan money; does not suffer a default if monies are not paid; etc...the internal agreement used by MERS expressly disavows any beneficial interest. By Mark…[...]

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Tags: Alabama, bankruptcy, beneficiary, Chapter 107, Dawson, Judge Riegele, Judge Riegle, Mark Mausert, mediation, MERS, MERSCORP, Nevada, Nevada revised Statutes, Notice of Default, R.K. Arnold, RICO
Posted in bubble, Corruption, Eviction, securities fraud |

In the last five years, the number of foreclosure lawsuits filed in federal court in California has ballooned — like an exploding adjustable-rate mortgage — from only 29 statewide in 2005 to nearly 1,400 last year. Increasing numbers of Californians are suing lenders to avoid foreclosures By Tracey Kaplan and Maria J. Ávila López, www.mercurynews.com Two weeks before their Sunnyvale…[...]

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Tags: CALIFORNIA, foreclosure offense, foreclosures, pretender lenders
Posted in bubble, Corruption, Eviction, securities fraud |

SUPERIOR COURT OF NEW JERSEY CHANCERY DIVISION – ESSEX VICINAGE ------------------------------------------------------------------X                Civil Action Deutsche Bank National Trust Company, As Trustee Of Argent Securities, Inc. Asset Backed Pass Through Certificates, Series 2004-PW1 Docket Number: XXX REQUEST FOR INTERROGATORIES Plaintiff(s), vs. XXX; John Doe, Husband Of XXX                                                                            XXX Avenue Rosedale, NY 11422 Defendant(s)/Pro Se ------------------------------------------------------------------X REQUEST FOR DISCOVERY: INTERROGATORIES i). Defendant, XXX,…[...]

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Tags: ability to pay, accounting records, Ameriquest Mortgage Company, Appraisal, Argent Mortgage company, Assignment and ASsumption Agreement, certificate holder, Depositor, Deutsch Bank, disocvery, Essex County, forensic analysis, FRCP 34(a), interrogatories, Master Servicer, National Trust Company, originator, pooling, PSA, receipt of money, Servicing, Tamara Price, third party payments, underwriting
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's note: This is red meat for investors and borrowers seeking restitution for losses caused by improper appraisals, ratings and representations concerning loan and property values, loan viability, securities fraud, deceptive lending practices, TILA violations etc. Obama Bank Policy Signals $1 Trillion in Writedowns April 3 (Bloomberg) — U.S. regulators may force Bank of America Corp., Citigroup Inc. and at…[...]

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Tags: appraisals, Bank of America, Bloomberg, Citigroup, deceptive lending, foreclosure defense, property values, ratings, securities fraud, TILA violations, Writedowns
Posted in bubble, Corruption, Eviction, securities fraud |

A majority of the questions asked on this blog boil down to "what do I do now?" While there are several emergency situations where the suggested steps must be taken out of order, I thought I would post the most common answer I give to people who are angry and ready to fight. Your situation is not uncommon. We suggest…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

 "Without your blog I would not have found the right lawyer in my state."                                                                                                                              - Meghan in RI "Some of the most rewarding work of my career."                                                                                                                   - Chris Brown Esq. While we understand the many reasons borrowers pursue their cause on a ProSe or ProPer basis,  it has been our position since the beginning that people need competent…[...]

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Tags: audit, bailout, bankruptcy, borrower, Chapter 13, countrywide, credit crisis, creditor, depression, disclosure, discovery, Eviction, Florida, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, housing, lawyers, lender, Lender Liability, mortgage meltdown, rescission, RESPA, securitization, TILA audit, trustee, Wells Fargo
Posted in Corruption, Modification, Servicer |