Based upon the following, and assuming that the the entire single transaction from sale of the ABS to "sale" of the loan to the borrower consists of a basket of securities, some of which should have been registered, had a prospectus, right to rescind, etc., and based upon the disclosure requirements of public companies who have interests in SPVs and…[...]

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Tags: bankruptcy, foreclosure defense, lost note, SEC, SECURED CREDITOR
Posted in Eviction |

Lost Track of Who Owns Your Mortgage? Chances are You're Not Alone June 8, 2007 | Posted By Tiffany Sanders J.D. In the confusing sea of paperwork transferring mortgage notes from lender to holder to securitized pool, many consumers aren't at all sure exactly which entity owns their mortgage notes, or how one entity is related to another.  The surprising…[...]

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Tags: default, foreclosure, Mortgage, mortgage note
Posted in Eviction |

It is a step in the right direction June 19, 2008 Court Offers Homeowners Help Avoiding Foreclosure By JOHN ELIGON Homeowners in New York who face foreclosures would be offered help by the courts to save their homes or at least make the overall process easier under a new program announced on Wednesday by the state’s chief judge. The program…[...]

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Tags: Charles Schumer, FHA, Judith Kaye, mediation, negotiation, New York State
Posted in Eviction |

by Tim Cotton Yes, the cartel has been very hard at work for some years and has worked overtime for at least the past 20 years having a firm footed commitment to do away with our civil liberties, our judicial system as it was intended to be by our founding fathers and their daunting thirst and desire to force our…[...]

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When was the last time you heard of a crowd of debt-ridden consumers cornering the finance market and playing with the economy at their leisure? THE WALL STREET GENIUSES HAD CREATED THIS MONSTER AND THE ONE ENTITY THAT WAS SUPPOSED TO HAVE THE VANTAGE POINT OF SEEING THE BIG PICTURE AND THE NEED TO REIN IN SOME PRACTICES WHILE ENCOURAGING…[...]

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Tags: appraisers, asset backed securities, CONSUMERS, Federal reserve, foreclosure defense, GREENSPAN, mortgage brokers, Paulson, REMIC, VICTIMS
Posted in Eviction |

In the context of the Mortgage Meltdown-Securitization Frenzy, it just might be possible that most of the promissory notes issued by homeowners on refinancing or purchasing their homes are lost and destroyed. It might even be all of them. If that is the case, it can be argued that nobody is entitled to receive payments under this unique circumstance. It…[...]

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Tags: assignments, Cayman Islands, foreclosrep, promissory note, servicer, structured investment vehicles, Taylor Bean, trustee, Wells Fargo
Posted in Eviction |

by Brad Keiser Now Comes The Finger Pointing It was only a matter of time until we began to see the finger pointing with regard to our current mortgage crisis. This morning I am going to summarize an article I found in Fortune Magazine Online written by Peter Eavis. In this article Eavis attempts assign varying degrees of blame to…[...]

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Tags: appraiser, brad keiser, foreclosure, lender, mortgage meltdown, Wall Street
Posted in Eviction |

LITIGATORS AND LITIGANTS WHO ARE FIGHTING FORECLOSURE AND USING OFFENSIVE STRATEGIES TO RECOVER REFUNDS, REBATES AND DAMAGES FROM THE COLLECTION OF COMPANIES THAT RAN UPLINE AND DOWNLINE FROM THE LENDER SHOUDL TRACK THESE LAWSUITS AND EVERY FIILNG --- THERE IS A LOT OF GOLD IN THOSE PLEADINGS AND A LOT OF WORK YOU WON'T BE REQUIRED TO DO ESPECIALLY WHEN…[...]

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Tags: Appraisal, balance sheet, Buffalo, Deutsch Bank, FASB, foreclosure defense, lawsuits, Michigan, rating, Wells Fargo
Posted in Eviction |

Thanks to you, we are now being visited at the rate of more than 350,000 visits per year. Not bad for a blog site that was officially launched only 3 months ago. We are doing our best to keep you informed, provide guidance on foreclosure defense, understanding the process of the mortgage meltdown, and creating reference tools and forms for…[...]

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The inflated appraisals that run at the core of the mortgage meltdown context and crisis results in a number of claims against the lender, the appraiser, the mortgage broker, the real estate broker, the developer, and entities upline in the securitization process, plus the insurance companies carrying errors and omissions and other assurance on those participants. Salient among these is…[...]

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Tags: Appraisal, APR, damages, good faith estimate
Posted in Eviction |