Today we are still living with the myth that the transactions with homeowners were loans, that the concealed risks absorbed by homeowners should not be compensated, and that administration, collection, and enforcement of nonexistent accounts receivable should be allowed. We can all change that by being open to the idea that maybe it isn't the way that Wall Street is selling…[...]

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The bottom line is that homeowners are mostly successful in defeating the foreclosure attempt entirely by merely issuing timely discovery demands and objections that focus on existence, ownership, and authority over the alleged obligation. They don't need to plead or prove that that the payment they received was an incentive payment. It just ends up that way.  The math is…[...]

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The goal of fake securitization is to pretend that securitization occurred and then to sell securities that were NOT ownership interests in any loan. In order to do that, there needs to be no owner who even could sell the asset (i.e., the "loan") --- lest someone be accused of selling the same asset over and over again. That is…[...]

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Thursdays LIVE! Click in to the Neil Garfield Show Tonight’s Show Hosted by Neil Garfield, Esq. Call in at (347) 850-1260, 6pm Eastern Thursdays There is a huge difference between knowing something and doing something. Everyone knows or at least suspects that the current wave of foreclosures since the year 2000 has been some sort of scam. Only experienced trial lawyers have…[...]

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The progression from LaSalle Bank to Bank of America to US Bank is highly suspect. While it is true that there was a merger between Bank of America and LaSalle Bank, It is equally true that the merger was preceded by a reverse merger between LaSalle Bank and ABN AMRO. * And there is nothing in the public record to…[...]

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without contesting the legal presumptions arising from the law of negotiable instruments, the presumption becomes fact for the case. We don't need to eliminate the trust altogether although it probably doesn't exist. All the homeowner needs to show is that neither the trustee nor the trust owns any obligation from the homeowner that is owed to the trustee or trust. * The…[...]

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There is a hidden cost to artificial inflation of home prices. The tax valuation tends to reflect increases in prices even though the prices are a departure from fundamental lower valuations based upon median earnings or rent. We know that fundamentals will eventually force a correction but being able to spot a bubble does not mean that you are able…[...]

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Dear Rep. Ocasio Cortez: * Your efforts to address debt and debt forgiveness have obviously attracted a great deal of attention. What you don't know is that you are only nibbling on the outer membrane of something that terrifies the major investment banks. * It's complicated. Your efforts to forgive student loans are based on the assumption that in every…[...]

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For 15 years I have tried to get CPA auditors to enter the field of expert witnesses against the investment banks. While some have nibbled at the line, none have taken the bait or come on board. So homeowners and their lawyers must familiarise themselves with some basic accounting concepts to avoid the many trap doors and pitfalls the investment…[...]

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Thursdays LIVE! Click into the WEST COAST Neil Garfield Show with Charles Marshall and Bill Paatalo Or call in at (347) 850-1260, 3PM PST, 6pm Eastern Thursdays   Note: Due to technical problems last week this show could not be broadcasted. Bill Paatalo breaks down latest take on the lack of standing US Bank and those associated with US Bank have to…[...]

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