QUESTION/COMMENT: ANSWERS IN BOLD A client in NorCal was referred to me.  She took out an 80/20 loan first and second for about $650,000 total in 2005.  She has paid over $150,000 towards interest, payments and fees. SEE APPRAISAL FRAUD, CNN ARTICLE FOR 2005, APPRAISAL FORUM SPEECH FROM 2006, RECENT POSTS. TITLE COMPANY/TRUSTEE, LENDER AND OTHERS MAY BE LIABLE FOR…[...]

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Tags: appraisal fraud, bankruptcy, CMS, foreclosure defense, foreclosure offense, HOLDERS IN DUE COURSE, mortgage audit, New Century Financial Corp, TRUSTEE REPLACEMENT, Wells Fargo
Posted in Eviction |

> Date: Mon, 4 Aug 2008 14:56:30 +0000 > To: ngarfield@msn.com > Subject: [Livinglies's Weblog] Comment: "Mortgage Meltdown: Foreclosure Offense or Defense in Trustee or Non-Judicial Sales "Comment: > In Michigan, the trustee CANNOT postpone the sale to another time. There is NO statute allowing them to do that. However, the mortgagee can postpone the the sale if the need…[...]

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Tags: foreclosure defense, foreclosure offense, Michigan, postponement, sale, trustee
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more than 8,000 appraisers – roughly 10 percent of the industry – have signed a petition asking the federal government to take action. "There are a lot of people who have refinanced for more than their homes are actually worth and they're effectively already upside down even without a real estate bubble bursting," said Callahan. Down the road if they…[...]

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Tags: appraisal fraud, foreclosure defense, foreclosure offense, Lender Liability, mortgage broker liability
Posted in Eviction |

"Fraud is an intentional and material misrepresentation. A faulty or even fake appraisal is at the basis of most fraudulent mortgage transactions." Most Fraud Charges Not Investigated by Lew Sichelman October 18, 2006 A lack of enforcement at the state level is a major reason appraisals remain at the root of mortgage fraud, said panelists at a symposium sponsored by…[...]

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Tags: Appraisal Foundation, appraisal fraud, foreclosure defense, Lew Sichelman, Mark Simpson of Fannie Mae, over-appraisal
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By BOB TEDESCHI Published: June 1, 2008 THE best way to avoid a foreclosure — calling a good lawyer — is often the least affordable option for those in danger of losing their homes. A group of altruistic New York lawyers hopes to change that. And while these lawyers may not be able to keep borrowers in their homes, they…[...]

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Tags: Martha Krisel, Nassau County Attorney Office, Nassau County Homeownership Office, Nationla Consumer Law Center, Tara Twomey
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I received this message a short while ago: I am not totally familiar with the site, but I am impressed with it. The fact that it is done by a teenager is astonishing. If you can help him, I suggest you do just that, any way you can. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Colleagues, I have received an e-mail that the brilliant teen (Cyrus)…[...]

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Tags: foreclosure defense, predatorix
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Press Releases SunTrust Bank Acquires the Insured Deposits of First Priority Bank, Bradenton, Florida FOR IMMEDIATE RELEASE August 1, 2008 Media Contacts: Andrew Gray (Cell: 202-494-1049) David Barr (Cell: 703-622-4790; Office: 202-898-6992) First Priority Bank, Bradenton, Florida, was closed today by the Commissioner of the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named receiver.…[...]

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Tags: FDIC, First Priority, SunTrust
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Sometimes this mission of mine gets frustrating. I'm trying to provide the necessary information for homeowners and their lawyers to defend their property, get damages from their lender, and potentially walk from the foreclosure house with free and clear title and no note instead of walking from their homes. Lawyers are mostly skeptical and people are too depressed and beaten…[...]

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Tags: borrower rights, foreclosure defense, homeowner rights, NON-JUDICIAL SALE
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From: rainmaker@zoomtown.com > To: ngarfield@msn.com > Subject: Just a thought...opposing arguments > > On the whole idea with an inflated appraisal and the $amount delta between real and legit, if I'm opposing counsel I argue that that the only one an inflated appraisal benefited was the seller of the property, not anyone in the chain of "conspiracy" from mortgage broker…[...]

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Tags: appraisals, foreclosure defense
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You could be up to date in all your payments. Your billing proves it. And yet, the person (Mr. Investor) who loaned you the money for your mortgage is not getting the payments. This person steps forward and says you owe all the payments from the date of the loan, including interest, late payments, late fees, attorney fees and costs.He's…[...]

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Tags: AMbac, default, errors and omissions insurance, foreclosure offense, holder in due course, reserve pool, trustee deed
Posted in Eviction |