santa-monica-registration-090408 LAYMAN SEMINAR 9/3: LAYMAN SEMINAR CLICK HERE TO SIGN UP layman-seminar-090308 in-california california-statutes-foreclosure comment-foreclosure-defense-production-of-note-does-not-mean-you-lose As shown in the story below, California is experiencing a rush of foreclosures that is overwhelming the system, and giving people the impression that is a freight train that cannot be stopped. Not true. YOU can stop it, if you want to. Don't give up!…[...]

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events-coming-up-for-garfield-continuum-and-garfield-handbooks santa-monica-registration-090408 LAYMAN SEMINAR garfield-memo-on-single-transaction-and-step-transaction-doctrine garfields-checklist-for-foreclosure-offense-and-defense1 the-evolution-of-the-subprime-mortgage-market NOTE THAT TELEMARKETING PLAYED A HUGE PART IN SELLING SECURITIZED MORTGAGES Wachovia Corporation JB Reed/Bloomberg News The Wachovia Corporation was formed through a series of mergers over the years that not only made it one of the country's largest financial institutions, but earned it a reputation as an acquisition machine. In 2006, it…[...]

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Tags: fraud, mortgage fraud, telemarketing
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LAYMAN SEMINAR a-wallstreetandthemakingofthesubprimedisaster-1 connecticut-countrywidelawsuit santa-monica-registration-090408 Neil, I recall when I first got the 20 day notice to file an answer. I did not know what an answer was or even how to answer or what to say. I did not know where the courthouse was. It was a December 10 when my wife told me I needed to do something…[...]

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events-coming-up-for-garfield-continuum-and-garfield-handbooks LAYMAN SEMINAR IN SANTA MONICA 9/3/08 CLICK HERE TO SIGN UP Debtors Win Victories Against Mortgage Servicers posted by Katie Porter In the last few weeks, several courts have issued opinions ruling that mortgage servicers' actions have harmed consumers. Some of you follow this issue closely, but if you need an introduction, I've previously posted a bit on the…[...]

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Tags: foreclosure defense, foreclosure offense, Jones v. Wells Fargo, Katie Porter, mortgage servicing
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August 5, 2008 At Freddie Mac, Chief Discarded Warning Signs By CHARLES DUHIGG The chief executive of the mortgage giant Freddie Mac rejected internal warnings that could have protected the company from some of the financial crises now engulfing it, according to more than two dozen current and former high-ranking executives and others. That chief executive, Richard F. Syron, in…[...]

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Tags: Freddie Mac, securitization, Syron
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The tide is turning. Several states have taken formal and informal steps from changing the rules to changing the law to stop or slow foreclosures. You had better know what all this means as more and more states follow Ohio, New Jersey, Maryland, Florida, California, Georgia etc. The nuclear option --- giving homeowners title free and clear of the mortgage…[...]

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Let them eat cake: Ex-Countrywide exec takes family on African Vacation ... on Countrywide's jet Posted Aug 3rd 2008 11:40AM by Julie Tilsner Filed under: Bank of America (BAC), Countrywide Financial (CFC), Rich in America Some things never change. David Sambol, the out-going president of kaput mortgage giant Countrywide Financial Corp., is taking his family on an African vacation --…[...]

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Tags: countrywide, foreclosure defense
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August 4, 2008 20 MILLION HOMES TO HAVE NEGATIVE EQUITY Housing Lenders Fear Bigger Wave of Loan Defaults By VIKAS BAJAJ The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners with good credit are falling behind on their payments in growing numbers, even as…[...]

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Tags: appraisal fraud, Lender Liability, mortgage meltdown, negative equity, UPSIDE DOWN
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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
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> 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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