Investment banks bundled mortgage loans into securities and then often rebundled those securities one or two more times. Those securities were given high ratings and sold to investors, who have since lost billions of dollars on them. Editor’s Note: The significance of this report cannot be overstated. Not only did the investment bankers LOOK for […]

Tags: accounting, Bank of America, BofA, bundled, BURDEN OF PROOF, Charles Koppa, Citigroup Inc, Countrywide Home Loans, damages, Deutsche Bank AG, Fitch ratings, Goldman Sachs, GRETCHEN MORGENSON, guaranteed to fail, injunction, JP Morgan Chase, Louise Story, Merrill Lynch, modifications, Moody's Investor Service, prima facie case, rebundled, securitization, short sales, Standard & Poor's, Substitute Trustee, The New York Times, yield spread premium
Posted in bubble, Corruption, Eviction, expert witness, foreclosure mill, Modification, securities fraud, Servicer |

The problem is that a statute passed for judicial economy is now being used to force the burden of proof onto the borrower in the foreclosure of their own home I think the main issue in non-judicial states is what does “non-judicial” mean. I think in your argument you do NOT want to concede that […]

Tags: BURDEN OF PROOF, judicial event, judicial foreclosure, non-judicial, object to the sale, power of sale, trustee
Posted in Corruption, Eviction, expert witness, foreclosure mill, Servicer |

Practically all the questions I get relate to how to prove the case that the loan was securitized. This is the wrong question. While it is good to have as much information about the pool a loan MIGHT BE INCLUDED, that doesn’t really answer the real question. The real question is what is the identity […]

Tags: AFFIRMATIVE RELIEF, amortization, assignment, assumption, authenticity of the assignment, BURDEN OF PROOF, credit default swaps, credit enhancement, cutoff date, DEED OF TRUST, discovery, full accounting of all payments, identity of the creditor, insurance, judicial economy, judicial proceeding, Mortgage, Motion Practice, non-judicial statutes, note, Obligation, offer AND an acceptance, owed on my obligation, payments from third parties, pooling and service agreement, prima facie case, pro se litigants, securitization, UNCONSTITUTIONAL
Posted in Corruption, Eviction, expert witness, foreclosure mill, Modification, securities fraud, Servicer |

“Plaintiff Mortgage Electronic Registration Systems, Inc.’s foreclosure action is DISMISSED for lack of standing. Accordingly, the Court’s Order, issued August 27, 2009, granting plaintiff’s Motion for Default Judgment against the defendants Frank and Ellen Johnston is VACATED. The dismissal of the foreclosure action is without prejudice as to allow the proper plaintiff to come forward.” […]

Tags: 3-205(b), 3-301, 3-308, 3-309, 3-418, bare legal title, BURDEN OF PROOF, HOLDER, indorsement in blank, MERS, nominee, proper plaintiff, standing, transferee, transferor
Posted in bubble, Corruption, Eviction, securities fraud |

CLICK NOW TO REGISTER FOR WORKSHOPS: DEFEND PROPERTY! COLLECT DAMAGES! title-company-sues-countrywide-exposing-deep-flaw-in-loan-closings PRO SE LITIGANTS AND LAWYERS ALIKE MIGHT WANT TO CHECK WITH REGULATORY AUTHORITIES TO CHECK DISCIPLINE (OR START DISCIPLINARY PROCEEDINGS) AGAINST THE REAL ESTATE BROKER, MORTGAGE BROKER, LENDER, APPRAISER, TITLE AGENT ETC. WHO PARTICIPATED IN THEIR LOAN ORIGINATION AND CLOSINGS. THE TRUE LENDER WAS […]

Tags: ADMINISTRATIVE COMPLAINT, BURDEN OF PROOF, BUY BACKS, foreclosure defense, HOLDER, holder in due course, RAM
Posted in Eviction |