Magistrate Chen, in this excellent and simple analysis shows how the middlemen are trying to steal homeowner's property, defraud investors who put up the money to fund the loan, and abuse the non-judicial and judicial process of foreclosure. See also Judgment Against Ameriquest, Deutsch Bank et al for Rescission, damages and Attorneys Fees at ameriquest-mortgage-company-deutsche-bank-national-trust-and-amc-mortgage-services-inc See, e.g., McCoy v. Harriman…[...]

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Tags: borrower, disclosure, Eviction, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, Mortgage, rescission, RESPA, TILA, trustee
Posted in Eviction, Modification, securities fraud |

9th-circuit-invalidates-mortgage-for-failure-to-properly-acknowledge-and-notary-misconduct In considering the actions of the Federal District Court Judge and Trustee below, the 9th Circuit Federal Court of appeals made short shrift of the shell game of the players in the securitization game. In a word, they declared the mortgage invalid. While the facts are different than the home mortgage foreclosure the legal theory is the same. Some…[...]

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

Homeowner in Foreclosure Earns a Huge Victory in Unlawful Detainer ! By Maher Soliman Expert Witness, Whole Loan Examiner and Consultant to Counsel February 5, 2009. Sacramento California - A California Courts ruling is for a judgment in the “holdover” matter allowing the foreclosure “sale” by trustee to be set aside in favor of a modification. Lenders who originate and…[...]

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

Three U.S. Banks Shut by Regulators as Financial Crisis Deepens Email | Print | A A A   By Margaret Chadbourn and Ari Levy Feb. 7 (Bloomberg) -- Three banks, two in California and one in Georgia, were seized by regulators, bringing this year’s tally of closings to nine as a recession and record foreclosures extend the biggest financial crisis…[...]

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Tags: bailout, disclosure, Eviction, Federal reserve, foreclosure, foreclosure defense, foreclosure offense, Lender Liability, lost note, mortgage meltdown, quiet title, rescission
Posted in Corruption, Modification, securities fraud |

U.S. Housing Slump Has ‘Just Begun,’ Says Forecaster Talbott Email | Print | A A A Review by James Pressley Feb. 5 (Bloomberg) -- Let’s say you own a $1 million home in Santa Barbara, California. The house seemed like a steal when you bought it with that adjustable-rate mortgage in 2005. You still love the white beaches and those…[...]

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Posted in Eviction, Modification, securities fraud |

http://abcnews.go.com/US/wireStory?id=6741823[...]

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Posted in Uncategorized |

The only thing necessary for evil to triumph is for good men to do nothing -Edmund Burke Release Date: February 2, 2009 Contact: Ofc. John Roach, 313-224-0615 Evans halts sale of foreclosed homes o Sheriff says move is necessary to ensure homeowners´ rights o Federal bailout act protections preempt State foreclosure law, Evans says DETROIT, Michigan - Sheriff Warren Evans announced…[...]

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Tags: bailout, disclosure, Federal reserve, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, mortgage meltdown, rescission, trustee
Posted in bubble, Eviction, Modification, securities fraud |

The Mortgage Forgiveness Debt Relief Act and Debt Cancellation If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable. The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as…[...]

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Tags: bankruptcy, borrower, credit, housing, Lender Liability, mortgage meltdown, predatory lending, rescission, TILA audit
Posted in bubble, Corruption, Eviction, Modification, securities fraud |

Fellow travelers, I just had my first incident and wanted to warn everyone. New client comes to see me after just being served. Wells (not original lender) sends them a "package" of documents after they are 30 days late telling them all about their efforts to work with them and prevent foreclosure. Enclosed was a letter to be returned to…[...]

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Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, rescission, securitization, TILA, trustee, Wells Fargo
Posted in Corruption, Eviction, Modification, securities fraud |

At 62, my body seems to be rebelling against the brain. I'm now medically grounded for about another month, which means that work hours are reduced and personal appearances are postponed. However, I will continue to maintain the blog, appear on radio (by telephone) and continue with press interviews over the phone.[...]

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Posted in Uncategorized |