Here is PART of the next wave of "defaults" that will ruin lives and fill the pockets of the Wall Street bankers and intermediaries who are now "servicing" and foreclosing on loans that have already earned extremely high profits, far exceeding the funded amount of the loan. My opinion is that there will be three general classes of people that…[...]

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Tags: bankruptcy, borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, predatory lending, rescission, securitization, trustee, Wells Fargo
Posted in bubble, Eviction |

Makes for very good reading. Shows that the advent of low-doc and non-doc loans were, as epected, sure to result in higher delinquencies. As we have pointed out before here, that was the point --- to get loans that were sure to go into default. That was the only way they collect the "insurance" (credit default swaps). liars_loan[...]

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Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, mortgage meltdown, predatory lending, rescission, securitization, TILA audit
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: Here is another sore point in the mortgage meltdown: Developers were in on it up to their necks. One of the ways the appraisals were skewed was to use the developer's asking price, which at times was rising by as much as 10% per month, giving the appearance of a rapidly advancing market. This was part of the…[...]

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Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, predatory lending, rescission, RICO, securitization
Posted in bubble, Eviction |

Here is a good article from NYT but once again they are describing the news instead of reporting it. No investigation. Why do you think that servicers et al are not REALLY interested in modifying your mortgage? Why do you think they want you to believe that you are "in process" for mortgage modification when your request was denied months…[...]

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Tags: bailout, borrower, disclosure, Federal reserve, foreclosure defense, foreclosure offense, fraud, Lender Liability, predatory lending, securitization
Posted in bubble, Eviction |

By Walter Hackett, Esq. The federal government has trumpeted its Home Affordable Modification Program or "HAMP" solution as THE solution to runaway foreclosures - few things could be further from the truth.  Under HAMP a homeowner will be offered a "workout" that can result in the homeowner being "worked out" of his or her home.  Here's how it works.  A participating…[...]

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Tags: audit, bailout, bankruptcy, borrower, brad keiser, credit, credit crisis, depression, Eviction, FDG, Federal Bailout, foreclosure, foreclosure defense, Foreclosure Defense Group, foreclosure offense, foreclosures, fraud, HAMP, lawyers, Lender Liability, Loan Mod, LOAN MODIFICATION, lost note, Mortgage, predatory lending, quiet title, rescission, RESPA, RICO, TILA audit
Posted in Uncategorized |

"The frenzy continues and prices increase because nobody dares to get out, and people fool themselves into thinking they are rich from this paper trail --- until it collapses, which is exactly what is about to happen in our boom and bust economy"  --- July, 2007 It's hard to believe I wrote this piece back in mid-2007 before the storm.…[...]

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Tags: borrower, disclosure, foreclosure offense, Lender Liability, predatory lending, rescission, securitization
Posted in Eviction |

The principal enablers of our current difficulties were institutions that took on enormous risk by exploiting regulatory gaps between banks and the nonbank shadow financial system, and by using unregulated over-the-counter derivative contracts to develop volatile and potentially dangerous products. Consumers continue to face huge gaps in personal financial protections. We also lack a credible method for closing large financial…[...]

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Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, predatory lending, rescission, securitization, trustee
Posted in bubble, Eviction |

This is an article that ought to be faxed to every judge, lawmaker, member of the executive branch, lawyer, foreclosure victim, and investor. In fact copy and past the link and email it liberally, I think the title to the post says it all! The legislative and executive branch have failed and now justice is counting on the judiciary to enforce the law. He…[...]

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Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, predatory lending, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

Lately I've been besieged with a flurry of well written motions that are intended to knock out the pretender lender in one punch. People are asking whether there is one single motion that could just end it all. The answer of course is anything is possible. For the past two years, pro se litigants and lawyers merely had to file…[...]

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Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, predatory lending, rescission, securitization
Posted in bubble, Eviction |

See 15522201-Tila-Disclosure-Req-Viol-Remedies Amongst the various emails, requests for assistance and comments on the blog there are some threads. Most people, even lawyers, mistake the remedy of rescission for something else. The first thing you need to know is that, no, you don't give your house "back" to the lender because you never got your house from the lender (pretender lender)…[...]

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Tags: borrower, disclosure, foreclosure defense, foreclosure offense, Lender Liability, predatory lending, rescission, securitization, trustee
Posted in bubble, Eviction |