THANK YOU DAN EDSTROM: Hats off to Dan for explaining the logistics of how additional people were added toy our deal, that you have a  right to know who they are and how their addition to your deal changes everything. Here is what he said: So the homeowner gave an unconditional promise to pay. The “investors” who purchased securities from…[...]

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Tags: additional parties, bankruptcy, co-obligors, condnitions to payment, Dan edstrom, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, obligor, predatory lending, securitization, trustee, unconditional promise to pay
Posted in bubble, Corruption, Eviction, securities fraud |

NOW AVAILABLE ON AMAZON KINDLE!! Pursuit vs. UBS Drills Down to Real Benefits to Intermediaries While Real PARTIES -- Investors and Homeowners -- get the shaft UBS090909 This is a case of an investor suing the underwriter of the mortgage backed bonds purchased as "investment grade securities." As we have pointed out on these pages for two years, the underwriter…[...]

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Tags: CDO, disclosure, discovery, flow of documents, follow the money, foreclosure defense, foreclosure offense, fraud, homeowner, investment grade securities, Investor, Lender Liability, Morelli, motions to compel, pattern of deception, predatory lending, Pursuit, Pursuit v UBS, securitization, Stamford Court, TILA audit, trustee, UBS
Posted in bubble, Corruption, Eviction, securities fraud |

NOW AVAILABLE ON AMAZON KINDLE! MERS and Countrywide v Agin Trustee D Ct Mass Aff'd B Ct on Avoidance Mtg 20091117 NOTE FROM EDITOR SEEKING HELP: Rumor has it San Diego has stopped all foreclosures. I need this corroborated or debunked quickly. Can I get a little help here? The case in this POST comes out of Massachusetts where the…[...]

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Tags: audit, countrywide, disclosure, expert, expert witness, fabricated documents, foreclosure defense, foreclosure offense, forensic analyst, forensic review, forged documents, Massachusetts, MAX GARDNER, MERS, MERS v Agin, Mortgage Avoidance, mortgage securitization, securitization, title insurance, TRO, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

I think Bob Herbert of the NY Times wrote today what will be eventually seen as the most important article on the financial crisis. We've seen it before --- the children of the great depression, children of the holocaust, returning veterans from WWI, WWII, Korea, Vietnam, Iraq, Afghanistan. Now it's the financial meltdown.We ignore it at our peril. All these…[...]

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Tags: children of the financial holocaust, education, financial crisis, home, hope, household, parents, trust, unemployment
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: This might not be as far-fetched as you think. Median income is dropping like a rock. Housing prices have historically been closely related to median income. I don't know about the percentage drop, but another crash in real estate values seems likely. median income is still out of whack with housing prices indicating an "adjustment" of very substantial…[...]

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Tags: appraisals, credit crisis, disclosure, foreclosure defense, foreclosure offense, fraud, housing prices
Posted in bubble, Corruption, Eviction, securities fraud |

Ken McLeod has the figures on this, having done detailed statistical analysis, and capable of testifying as an expert on the usual outcome of these sales. The important point being "why would the "bank" let the property go for 60% of distressed market price --- even to an insider?" Answer: because it is all a game to them. The money…[...]

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Tags: bankruptcy, Chapter 13, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

From Steven Kop: Like Florida and other states, the laws already exist to penalize the pretender lenders. The question is whether the public will rise up and force the enforcment of these laws and use them to discredit the worthless paper issued by the participants in the securitization chain. CALIFORNIA CODES PENAL CODE SECTION 470-483.5 470. (a) Every person who,…[...]

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Tags: disclosure, foreclosure defense, foreclosure offense, fraud, predatory lending, quiet title, rescission, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

Readers of Livinglies: Firstly, might I say we were as shocked as anyone to learn of Judge Spinner’s ruling, so eloquently documented in his Jeffersonian-writing style. We appreciate the notes and calls of support, but we are ordinary people whose only wish is to return to a normal life. As the court records indicate, we did act in good faith…[...]

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Tags: disclosure, Eviction, foreclosure defense, foreclosure offense, fraud, mortgage meltdown, predatory lending, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

WHY WE ARE PLANNING 2-3 DAY BOOT-CAMPS AND MANUALS FOR LAWYERS, BOOT-CAMPS FOR FORENSIC ANALYSTS, AND BOOT-CAMPS FOR LAYMEN. IT'S JUST NOT AS SIMPLE AS YOU MAY WANT IT TO BE. NOT EVERYTHING ENDS WELL. THE BATTLE IS ON. THIS JUDGE SAID THE ASSIGNMENT DOESN'T NEED TO BE RECORDED TO PROVE OWNERSHIP. HE'S TECHNICALLY RIGHT, BUT HIS CONCLUSION WAS WRONG.…[...]

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Tags: advanced money, authority, discovery, DVL, enforcement of mortgage, enforcement of note, enforcement of obligation, fairness, Fitzgerald, Florida, investors, legal maneuvering, ownership, pretender lender, QWR, recording in Florida, RESPA, satisfaction of mortgage, securitization chain, TILA, true lender
Posted in bubble, Corruption, Eviction, securities fraud |

NOW AVAILABLE ON KINDLE/AMAZON! So you have decided to challenge your servicer as to whether they really have the right to collect anything from you and whether they have been turning over payments to the "proper party" (the real lender) and whether they have any information regarding the securitization of your loan, and an accounting for ALL money exchanged or…[...]

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Tags: attorney, experts, fees, LAWYER, legal representations, pretender lender, servicer
Posted in bubble, Corruption, Eviction, securities fraud |