see MERS INSTRUCTIONS TO TRANSFER RIGHTS OPTION 1 MERS INSTRUCTIONS TO TRANSFER RIGHTS OPTION 2 PRECLOSING REG SHOWS PRE-KNOWLEDGE OF SECURITIZATION Arnold admitted MERS does not have a beneficial interest in any mortgage; does not loan money; does not suffer a default if monies are not paid; etc…the internal agreement used by MERS expressly disavows […]

Tags: Alabama, bankruptcy, beneficiary, Chapter 107, Dawson, Judge Riegele, Judge Riegle, Mark Mausert, mediation, MERS, MERSCORP, Nevada, Nevada revised Statutes, Notice of Default, R.K. Arnold, RICO
Posted in bubble, Corruption, Eviction, securities fraud |

 “Without your blog I would not have found the right lawyer in my state.”                                                                                                                              – Meghan in RI “Some of the most rewarding work of my career.”                                                                                                                   – Chris Brown Esq. While we understand the many reasons borrowers pursue their cause on a ProSe or ProPer basis,  it has been our position since the […]

Tags: audit, bailout, bankruptcy, borrower, Chapter 13, countrywide, credit crisis, creditor, depression, disclosure, discovery, Eviction, Florida, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, housing, lawyers, lender, Lender Liability, mortgage meltdown, rescission, RESPA, securitization, TILA audit, trustee, Wells Fargo
Posted in Corruption, Modification, Servicer |

Editor’s Note: 180787_86_opinion Lehman My reading of this report is that the underlying principle of the ADDITION of conditions and co-obligors changed the homeowner’s note from being negotiable to non-negotiable. This decision doesn’t say that but the underlying reasoning leads me to believe that we are on the precipice of a paradigm shift in the way […]

Tags: bankruptcy, CDO, constructive trust, counterparty, credit default swaps, Dante, derivative, Diana Golobay, Judge James Peck, Lehman, Lehman Brothers Holding, Lehman Brothers Special Financing, negotiable instrument, Obligation, securitization, subordination
Posted in bubble, Corruption, Eviction, securities fraud |

No governmental relief is in sight for homeowners except in isolated instances of community action together with publicity from the media. State and federal governments continue to sink deeper into debt, cutting social and necessary services while avoiding the elephant in the living room: the trillions of dollars owed and collectible in taxes, recording fees, […]

Tags: bailout, bankruptcy, borrower, credit crisis, disclosure, Federal reserve, foreclosure defense, foreclosure offense, foreclosures, fraud, Lender Liability, MERS, securitization, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: Thanks to Allan again. If there is one person in a relatively high position who has understood the subprime crisis, acquired the information on securitization, named the villains and described their practices separating honest people from their money it is Elizabeth Warren, whose was barely heard over the din of back-slapping during the […]

Tags: bankruptcy, banks, Boston Globe, Bruce Mann, Charles Pierce, Congressional Oversight, Elizabeth Warren, foreclosure defense, foreclosure offense, fraud, gaap, Marcy Kaptur, mortgage meltdown, mortgage securitization, TARP, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

MYTH  any imaginary person or thing spoken of as though existing any fictitious story, or unscientific account, theory, belief, etc. Kudos to investigative journalist Kevin Hall with McClatchy Newspapers for inserting himself into the so called “loan modification” process and exposing the farce that is being perpetrated on the American public in the article below. […]

Tags: audit, bailout, bankruptcy, borrower, borrowers, Chapter 13, countrywide, credit, credit crisis, depression, disclosure, Eviction, foreclosure defense, foreclosure offense, foreclosures, fraud, housing, Loan Mod, LOAN MODIFICATION, modification, mortgage meltdown, predatory lending, quiet title, rescission, RICO, securitization, TILA audit, trustee
Posted in Uncategorized |

THANK YOU DAN EDSTROM: Hats off to Dan for explaining the logistics of how additional people were added toy our deal, that you have a  right to know who they are and how their addition to your deal changes everything. Here is what he said: So the homeowner gave an unconditional promise to pay. The […]

Tags: additional parties, bankruptcy, co-obligors, condnitions to payment, Dan edstrom, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, obligor, predatory lending, securitization, trustee, unconditional promise to pay
Posted in bubble, Corruption, Eviction, securities fraud |

Ken McLeod has the figures on this, having done detailed statistical analysis, and capable of testifying as an expert on the usual outcome of these sales. The important point being “why would the “bank” let the property go for 60% of distressed market price — even to an insider?” Answer: because it is all a […]

Tags: bankruptcy, Chapter 13, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

This is what Mr. Robert E. Bostrom, Executive Vice President, General Counsel & Corporate Secretary of Freddie Mac had to say to the Supreme Court Task Force on Foreclosures. “Recommendation regarding verification of “ownership” of the mortgage” “The Task Force has recommended a requirement for a plaintiff in a foreclosure action to verify that it owns […]

Tags: bankruptcy, borrower, disclosure, foreclosure defense, foreclosure offense, fraud, MERS, mortgage meltdown, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

NOW AVAILABLE on KINDLE/AMAZON The Emperor\’s New Clothes: THOSE FORECLOSURES ARE NOT REAL FOLKS, GET IT? 1-in-10-u-s-mortgage-delinquencies-reach-a-record-high-going-up The Emperor is still strutting around as though he was fully clothed in the best silk, color and design. Wall Street is still the darling of government and a whole lot of other people, even if it was […]

Tags: AIG, bankruptcy, credit default swaps, emperor's new clothes, foreclosures, investors, lending, mortgage modification, mortgage pools, mortgages, settlement, short sales, source of funding, taxation, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |