We are receiving numerous reports of “vulture” investors picking up MBS securities and where possible buying actual pools of mortgages for 8-10 cents on the dollar. The basic assumptions are two: (a) the securities and the mortgages, notes and obligations are worthless and (b) the government guarantees and willingness of borrowers to “modify” will result […]

Tags: bailout, borrower, Federal reserve, foreclosure defense, foreclosure offense, lenders, mortgage meltdown, predatory lending, rescission, securitization
Posted in Corruption, Eviction, Modification, securities fraud |

Greetings! I hope you like our new look. Our team has been working on producing a more user friendly atmosphere and the work continues. I hope you like it. More improvements are coming. 3/2/09 Bailouts are going to the perpetrators rather than the victims. The mystery deepens as to where all this money went and […]

Tags: bailout, borrower, credit crisis, disclosure, foreclosure defense, foreclosure offense, Mortgage, predatory lending, securitization
Posted in Eviction, Modification, securities fraud |

Obama on who owns the mortgage: Watch Marcy Kaptur D- Ohio on who owns the mortgage: Watch Geithner’s plan of buying up toxic assets assumes there is a value. There isn’t. The paper is all bad from one end to the other. The Certificates of Asset Backed Securities are bad, the mortgages are bad, the […]

Tags: bailout, borrower, disclosure, Eviction, Federal reserve, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, mortgage meltdown, rescission, securitization, TILA audit
Posted in Corruption, Eviction, securities fraud |

Three U.S. Banks Shut by Regulators as Financial Crisis Deepens Email | Print | A A A   By Margaret Chadbourn and Ari Levy Feb. 7 (Bloomberg) — Three banks, two in California and one in Georgia, were seized by regulators, bringing this year’s tally of closings to nine as a recession and record foreclosures […]

Tags: bailout, disclosure, Eviction, Federal reserve, foreclosure, foreclosure defense, foreclosure offense, Lender Liability, lost note, mortgage meltdown, quiet title, rescission
Posted in Corruption, Modification, securities fraud |

The only thing necessary for evil to triumph is for good men to do nothing -Edmund Burke Release Date: February 2, 2009 Contact: Ofc. John Roach, 313-224-0615 Evans halts sale of foreclosed homes o Sheriff says move is necessary to ensure homeowners´ rights o Federal bailout act protections preempt State foreclosure law, Evans says DETROIT, Michigan […]

Tags: bailout, disclosure, Federal reserve, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, mortgage meltdown, rescission, trustee
Posted in bubble, Eviction, Modification, securities fraud |

NY Times second lead article is how are these “Troubled Assets” going to be valued? 97 cents on the dollar (management), 87 cents (S&P at current default rates), 53 cents under “bleaker” (undefined conditions), 38 cents where the trading markets value them, or 0 cents on the “Garfield Continuum Index.” ? why the disparity? What […]

Tags: audit, bailout, borrower, disclosure, Eviction, Federal reserve, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, securitization, trustee
Posted in Corruption, Eviction, securities fraud |

Obama is of course correct in his outrage. Taking hundreds of billions of dollars from the taxpayers to cover the appearances of catastrophic losses and then paying bonuses for good management is over the top by any standards. But neither he nor the media is correct in assuming that that the bonuses were not in […]

Tags: bailout, borrower, countrywide, disclosure, Federal reserve, foreclosure defense, foreclosure offense, fraud, housing, inflation, Lender Liability, Obama, predatory lending, rescission, RESPA, RICO, securitization, TILA, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

Mortgage market clouds who owns woman’s house Submitted by Jose Semedey — Thank You By CARRIE TEEGARDIN The Atlanta Journal-Constitution Sunday, January 25, 2009 Twenty years ago, Zella Mae Green bought a modest brick ranch house in DeKalb County with an American ideal in mind. The single mother of four, who raised her children working […]

Tags: audit, bailout, bankruptcy, borrower, Chapter 13, disclosure, Eviction, foreclosure defense, foreclosure offense, lawyers, Lender Liability, lost note, Mortgage, mortgage meltdown, predatory lending, quiet title, rescission, RESPA, RICO, securitization, TILA, TILA audit, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

Gump59 – Why buy performing mortgages? If they are producing income for their owners, why wouldn’t they be held onto? > ANSWER: You’d buy a performing mortgage if you thought that you were buying it at a bargain, guaranteed with Triple AAA rating. If you buy a mortgage note that has a principal balance due […]

Tags: audit, bailout, bankruptcy, borrower, disclosure, Federal reserve, foreclosure defense, foreclosure offense, fraud, Lender Liability, mortgage meltdown, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

January 4, 2008 info@aztreasury.gov Dear Mr. Martin: The Arizona Republic reports today that you and others in government have asserted that the State of Arizona is about out of cash. Others have described the state as “broke.” What you are missing is one very large receivable due to the state and county governments — hundreds […]

Tags: bailout, credit crisis, disclosure, foreclosure defense, foreclosure offense
Posted in bubble, Corruption, Eviction, securities fraud |