For further information please call 954-495-9867 or 520-405-1688 ======================== see http://features.necir.org/pmi Insurers pay “losses” on mortgages and then pursue borrowers for recovery of payment A big area of confusion in the foreclosure cases is the impact of insurance claims and payments with respect to insured mortgages and insured mortgage bonds. So let’s start with the […]

Tags: deficiency, Fannie, FDIC loss sharing, Freddie Mac, guarantee, insurance, loss claims, mortgage bonds, mortgage payments, paragraph 22, SUBROGATION, third party payments
Posted in Uncategorized |

Two newly released Opinions have been posted to the Arizona Supreme Court Opinions webpage. Please click on the links below for access. Basically they say that the borrower and guarantor are entitled to credit for the actual fair market value — not the value of the bid or any other formula. This could change 1099 […]

Tags: deficiency
Posted in Uncategorized |

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE When I was litigating 24/7 I used to say that all the best ideas I ever had for the Courtroom came from my clients. I think the reason is fairly simple: they had to live with the result I didn’t. No matter how […]

Tags: ARIZONA, ATTORNEY FEES, bankruptcy, borrower, countrywide, deficiency, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, modification, quiet title, rescission, RESPA, securitization, supersedeas, TILA audit, trustee, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: The decision about flight or fight is deeply personal and there is no right answer. The decision you make ought not be criticized by anyone. For those with the fight knocked out of them the prospect of taking on the giant banks in court is both daunting and dispiriting. So if that is […]

Tags: apparent authority, Bob Tedeschi, cash for keys, Citi, deed in lieu of foreclosure, deficiency, FICO, Florida, Illinois, Michigan, New Jersey, Ny Times, Ohio, RELOCATION ASSISTANCE, Texas
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: You see they have no shame. If they can get money they are going after it only this time the ones going after deficiency judgments and collections are usually not even the original people who foreclosed. This is why you MUST fight it, file motions to set aside for fraud, petition for bankruptcy […]

Tags: Bloomberg, collection, deficiency, Florida, Kathleen Howley, sham
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Comment: Any lawyer who does not think that issues relating to foreclosure will not dominate his or her practice of law is in a state of denial and delusion. The 16% drop in new home-sale contracts (see article below) means a similar or worse drop in sales over the next 30-60 days. As we […]

Tags: ARIZONA, creditors, deficiency, FICO, home values, homeowner, inflated mortgages, lenders, mortgage modification, National Assocation of Realtors, principal reduction, short sales
Posted in bubble, Corruption, Eviction, securities fraud |

People have to be careful in Arizona and other states that use the “Trustee” method of conducting sales of property that are allegedly in default. In fact they should be careful even without being in default. You might be at risk of receiving a claim for payment from two or more sources. each claiming standing […]

Tags: ARIZONA, defense, deficiency, NON JUDICIAL SALES, owner of mortgage, payee of note, trustee
Posted in bubble, Eviction |