Plain Truth. The securities (all 16 layers of them) are not worth anything because the mortgages, notes and obligations are either paid or unenforceable. It may not be politically correct but there is only one way out of this as I see it --- REALITY. Those "mortgages" are worthless which means they don't exist. That means a HUGE recognition of…[...]

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The big deal is that it is ONLY the holder in due course who is allowed in court to make claims or enforce any rights regarding the mortgage and note. No servicer (e.g. Countrywide), administrator (e.g. MERS), or trustee has any right to do a judicial or non-judicial foreclosure because they are not the holder "in due course." In order…[...]

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Tags: borrower, countrywide, disclosure, Federal reserve, foreclosure defense, foreclosure offense, Lender Liability, lenders, mortgage meltdown, predatory lending, quiet title, rescission, RESPA, securitization, TILA, trustee
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Subject: Homeowners and Lawyers Teleconference Podcast Shows  March 26, 2009 Live Interview with Florida Attorney "Gator" Bradshaw  Click on Upcoming Events tab for Access Info[...]

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As reported in the Florida Bar News dated March 1, 2009, The Supreme Court of Florida has received a petition to require foreclosure mediation. The article by Mark D Killian, managing editor states "Contending that prejudgment mediation could save more than 130,000 Florida homes from foreclosure  and assist more than 360,000 borrowers," the plan is almost a verbatim acceptance of…[...]

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Tags: borrower, foreclosure, foreclosure defense, foreclosure offense, Lender Liability, mortgage meltdown, RESPA, securitization
Posted in Corruption, Eviction, Modification, securities fraud |

it follows that the investors are the ONLY parties with standing to make any claim on the mortgage, note or obligation. But they won't make that claim because of the exposure to risk that could leave them with even more loss than the current loss on their investment. This leaves trillions of dollars in unclaimed proceeds. The question is who…[...]

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Tags: bailout, borrower, countrywide, disclosure, Federal reserve, foreclosure, foreclosure defense, foreclosure offense, fraud, mortgage meltdown, rescission, securitization, TILA audit, trustee
Posted in Corruption, Eviction, Modification, securities fraud |

They just don't get it. The party is over and this is never going to be the same. AIG stood on a street corner like a hooker selling default swap insurance as though they were apples. Only they had no apples --- or assets to be more specific, to back them up. Bears Stearns did the same thing and so…[...]

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“Our position is that the mortgage with IndyMac is toilet paper — it has no legal standing,” March 8, 2009 Mortgage Fraud Case Poses Federal Quandary By MICHAEL POWELL Waver Brickhouse, gray-haired and soft-spoken, has come undone twice during the nation’s housing crisis. In 2005, she fell behind on her mortgage payments and turned to a so-called rescue firm, which,…[...]

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

Submitted by a gifted pro se litigant. See Comments. My only comment before quoting his comment (editor's discretion) is that the obligation to perform due diligence is present in all cases, in all courts and in all legal procedures. Failure to do so will negate any attempted action once it is pointed out by the opposing party. In some cases…[...]

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Tags: borrower, foreclosure, foreclosure defense, foreclosure offense, quiet title, securitization
Posted in Eviction, Modification, securities fraud |