The danger is in the labels. I have some devoted followers and readers who have been great contributors -- doing research on the real action and dynamics between the homeowner on the one hand and all the intermediaries and people of interest on the other hand. One of the things recently raised was the discovery of who is listed as…[...]

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Posted in Corruption, discovery, evidence, Fabrication of documents, foreclosure defenses, Pleading, Servicer |

What To Know About The Hidden Architecture of Foreclosure Insights into VendorScape, Subservicers, and the Illusion of “Clients” from a Foreclosure Defense Attorney Disclaimer: This article is for educational purposes only. It is not legal advice. Consult with a licensed attorney in your jurisdiction before acting on anything contained herein. Hat tip to Summer Chione. A Shifting Playbook With the…[...]

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Posted in Corruption, discovery, evidence, Fabrication of documents, foreclosure defenses, foreclosure mill, legal standing, Pleading, securities fraud, Servicer |

CoreLogic’s Admission to the CFPB In response to a Consumer Financial Protection Bureau (CFPB) complaint, CoreLogic made startling admissions about its role in U.S. foreclosures. CoreLogic confirmed that VendorScape exists, despite attempts to obscure its use. VendorScape is described as an “electronic case management system,” but in practice, it operates as the central hub for foreclosure workflows. CoreLogic owns, maintains,…[...]

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Tags: Black Knight, CFPB Complaint, CoreLogic, Hearsay on hearsay, motion to strike exhibits, motion to strike testimony, Ocwen, timely objections, VendorScape
Posted in Corruption, discovery, evidence, foreclosure defenses, Pleading, securities fraud, Servicer |

Securitization of data that is mischaracterized as securitization of debt has enabled the securities firms to write off the loan concurrently with funding it I believe there is a very strong case for applying antitrust legislation against the big winners in the securitization game because they could and did apply multiple incentives to borrowers to accept loan products that were…[...]

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Posted in bubble, Corruption, expert witness, Fabrication of documents, foreclosure defenses, Pleading, securities fraud, Servicer |

Thursdays LIVE! Click in to the WEST COAST Neil Garfield Show with Charles Marshall and Bill Paatalo Or call in at (347) 850-1260, 6pm Eastern Thursdays It's getting increasingly hot in the kitchens of the investment banks that cooked up the fake securitization scheme. It has taken 20 years, so far, but now there are clear facts that "contradict" the lawyers who have…[...]

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Posted in Uncategorized |

see https://www.nbcmiami.com/news/local/broward-attorneys-accused-of-foreclosure-scheme-with-convicted-felons/2303306/ Here is another case where failing to ask the question "why?" results in a lack of understanding of the process referred to as securitization of debt. I have previously written at length about how the proceeds from a foreclosure sale are not going to anyone who is entitled to receive them. The article in the above link shows…[...]

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Posted in Uncategorized |

There are many well intentioned people and lawyers who go into court to contest foreclosure cases with the expectation that the foreclosure mill must prove ownership and status of the loan. In plain language they don't need to prove that because of a legal fiction called a "legal presumption." That is a shorthand way of approaching evidence. It creates conclusions…[...]

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Tags: foreclosure burden of proof, legal presumptions, motion for sanctions, Motion IN Limine, motion to compel discovery
Posted in discovery, Fabrication of documents, foreclosure defenses, Pleading |

Hat Tip to Bill Paatalo, Private investigator. Kudos for investigative excellence. see WaMu Loan Files - Shredding Procedures When I first looked at mortgage loans in 2004 I was struck by one simple thing. There was an obvious movement, pushed by the banks, away from original documentation and towards reliance on images. At first I was confused. After all it…[...]

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Posted in Uncategorized |

see Florida Bankers Assoc Comment Letter It is a reality of commerce that virtually all paper documents related to a note and mortgage are converted to electronic files almost immediately after the loan is closed. Individual loans, as electronic data, are compiled into portfolios which are transferred to the secondary market, frequently as mortgage-backed securities. The reason "many firms file…[...]

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Posted in Uncategorized |

Modifications are tricky. They are trickier than you think. First of all the offer is made by a company who has no right to act as "servicer" or to change the terms of your contract. By changing the apparent lender or creditor to the named servicer, the agreement is probably tricking you into accepting a virtual creditor in lieu of…[...]

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Tags: "modification" agreement, delinquency, hardship
Posted in Corruption, discovery, legal standing, Modification, Motions, Servicer |