By Greg Gordon, McClatchy Newspapers Greg Gordon, Mcclatchy Newspapers Mon Nov 2, 6:00 am ET SAN JOSE, Calif. — When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages. The couple wound up in a desperate, six-year fight […]

Tags: bailout, borrower, disclosure, Federal reserve, foreclosure defense, foreclosure offense, Goldman Sachs, Lender Liability, mortgage meltdown, predatory lending, quiet title, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

Sometime back in the early Spring and Summer of this year, I had a series of meetings with Arizona officials from the legislative and executive branch right up to the top, an Alabama Class Action firm of some repute, and telephone conversations with the U.S. Attorney, and several other class action attorneys researching “relater” and […]

Tags: bailout, borrower, disclosure, foreclosure defense, foreclosure offense, fraud, inflation, Lender Liability, lost note, mortgage meltdown, quiet title, rescission, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

We end up listening to information, not evidence, from lawyers who are not sworn in as witnesses, as to matters that are totally outside their scope of knowledge. And then we end up arguing over giving title to a party who admittedly doesn’t have one dime committed to the transaction and who stands to lose […]

Tags: bailout, borrower, disclosure, foreclosure defense, foreclosure offense, Lender Liability, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

if you peal away the apparent differences you find that there is an inherent joinder of interest investors and borrowers: both were deceived and both lost nearly everything they had by purchasing a financial product that was misrepresented — artificially inflated as to quality and value. And both were subject to the same MO — […]

Tags: borrower, countrywide, disclosure, foreclosure defense, foreclosure offense, fraud, inflation, JP Morgan, Lender Liability, predatory lending, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

If you can get through the formatting errors, it is worth reading. Judge Mayer clearly states that “The original lender, WMC Mortgage Corp., apparently had the mortgage assigned to entities other than this plaintiff: however, there is no proof of assignments annexed to the moving papers and no proof that this plaintiff is the proper […]

Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, lenders, lost note, securitization, trustee, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

  NOW AVAILABLE ON AMAZON KINDLE “The real party in interest in relief from stay is whoever is entitled to enforce the obligation sought to be enforced. Even if a servicer or agent has authority to bring the motion on behalf of the holder, it is the holder, rather than the servicer, which must be […]

Tags: automatic stay, bankruptcy, borrower, Chapter 13, Citimortgage, disclosure, Eviction, Fieldstone Mortgage Investment Trust, foreclosure defense, foreclosure offense, HSBC, Litton Loan servcing, MERS, securitization, trustee
Posted in Eviction |

LIVINGLIES NOW AVAILABLE ON AMAZON KINDLE! SIGN UP FOR CLEARWATER, FLORIDA SEMINAR NOW If you want a summary of about 75% of what we cover at the seminar in Clearwater, Florida on November 1-2, just read this article. I’ll explain how we got to this point, the legal points to be raised and how to […]

Tags: audit, borrower, disclosure, Eviction, foreclosure defense, foreclosure offense, foreclosures, fraud, Lender Liability, Mortgage, securitization, trustee
Posted in bubble, Eviction |

LIVINGLIES NOW AVAILABLE ON AMAZON KINDLE! SIGN UP FOR CLEARWATER, FLORIDA SEMINAR NOW So called “auditors” will miss the fact that there are two yield spread premiums that were not disclosed to either the homeowner or the investor. Failure to account for the movement of money through the securitization chain and failure to account for […]

Tags: audit, bankruptcy, borrower, disclosure, Eviction, foreclosure defense, foreclosure offense, fraud, Lender Liability, mortgage meltdown, predatory lending, rescission, securitization, TILA audit, trustee
Posted in bubble, Eviction |

LIVINGLIES NOW AVAILABLE ON AMAZON KINDLE! SEMINAR IN CLEARWATER, FLORIDA NOV 1-2: INFORMATION ON SEMINAR AND BOOKS Thanks to Jeff and Judge Maltese: “At the time that the plaintiff improperly commenced the action, the pathway to the Courthouse should have been blocked. Deutsche Bank had no legal foundation to foreclose a mortgage in which it […]

Tags: borrower, Deutsch Bank, disclosure, foreclosure defense, foreclosure offense, fraud, lender, Mortgage, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

Wall Street was not responding to legitimate consumer demand, it was creating an artificial demand simply to create mortgage product to feed its securitization machine and generate big fees for itself. Comment from Reader: “MERS and the Pretender Lenders are seeking the courts to credit them with a touchdown despite the obvious fact that they […]

Tags: bailout, borrower, disclosure, foreclosure defense, foreclosure offense, fraud, housing, inflation, Lender Liability, mortgage meltdown, predatory lending, securitization
Posted in bubble, Eviction |