My personal take on this is that borrowers who receive this form for “forgiveness of debt” should probably send a letter or form of contest to the IRS stating the objection to the filing of the 1099-C. The objection or contest should state, in most cases, that this has been filed by a party who […]

Tags: 1099-C, IRS, tax, TRUTH
Posted in Uncategorized |

The thousands of trial court and appellate decisions that have hung their hat on illegal assignments being “voidable” demonstrates either a lack of understanding of common law business trusts or an adherence to a faulty doctrine in which homeowners pay the price for fraudulent bank activities. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message […]

Tags: assignments, common law trusts, IRC, IRS, New York LAw, ratification, REMIC TRUST, VOID, VOIDABLE
Posted in Uncategorized |

Many homeowners get tax statements from entities claiming the right to file them, with an EIN that is problematic. We are having trouble linking the EIN with the name of the entity that sends the tax statement. More importantly or perhaps of equal importance is the question raised by individual homeowners and investors who have […]

Tags: deductible interest payments, default, IRS, mortgage foreclosures, Servicer advances
Posted in Corruption, evidence, expert witness, Modification, Motions, Pleading, Servicer |

Editor’s Comment and Analysis: So here we are with trillions in unreported profits resulting from illegal trades. The setting is almost identical to AL  Capone who went to jail for income tax evasion and died there from syphilis. Based upon information in the public domain and those subject to disclosure through freedom of information laws, […]

Tags: anonymous claims to IRS, IRS, Whistle-Blower
Posted in bubble, Corruption, Eviction, securities fraud |

Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: Nocera and several other responsible journalists have finally reached the point of […]

Tags: borrower, Charles Ferguson, Charlie Engle, Dennis Kozlowski, Enron, Eric Schneiderman, financial collapse, fraud, IRS, Jamie Dimon, Jeffrey Skilling, John Edwards, Justice Department, Kenneth Lay, Lloyd Blankfein, Mark Pennington, Nocera, Predator Nation, President Obama, Richard Engle, subprime mortgage, Titans of Wall Street, Tyco, Wall Street, Wells Fargo Financial
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Banks have adopted a technology platform to process short sale applications. It is called Equator, presumably to imply that it equates one thing with another, and produces a result that either gives a pass or fail to the application. In theory it is a good thing for those people who want to save their homes, […]

Tags: assignment, Bank of America, Bank of America Short Sale Addendum, BOA, borrower, Buyer's Acknowledgment and Disclosure, chain of title, closed loans, closing papers, county recorder, credit bid, dummy originators, Equator, Equator Short Sale Platform, fund the trust, GMAC, HUD-1, investment bank, investor-lenders, IRS, IRS Form 4506-T, Lender Liability, loss mitigation, MasterCard, MERS, Mortgage, mortgages, Nationstar, offer of proof, owner of the obligation, payment processing, principal reduction, Purchase Contract, realtors, REMIC, requirement of proof, right to foreclose, securitization chain, securitization claims, Service One, short sale applications, third party authorization form, title companies, title defect, title problem, transfer, trust, unfunded trust, Visa, Wells Fargo
Posted in Uncategorized |

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: There is little question in my mind that if the IRS persists in this inquiry they will discover $trillions in reported profits on which no tax was paid — intentionally by the persons and companies involved. Just as importantly, the IRS […]

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

I like this post from a reader in Colorado. Besides knowing what he is talking about, he raises some good issues. For example the original issue discount. Normally it is the fee for the underwriter. But this is a cover for a fee on steroids. They took money from the investor and then “bought” (without […]

Tags: accounting, ACTUAL RECEIVABLE, CREDIT EVENT, foreclosure, FORM 938, fraud, HERS, IRS, NOMINAL RECEIVABLE, ORIGINAL ISSUE DISCOUNT, REMIC, SERVICER FEE, taxes, Underwriter, WAMU, yield spread premium
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Motions, Pleading, securities fraud, Servicer |

With the Obama administration and private lenders actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued an advisory to taxpayers who receive — or seek to receive — such assistance if it’s offered. Editor’s Note: The only thing I would add to this, for the moment, is that any […]

Tags: cancellations, damages, distressed homeowners, forgiveness of debt, Form 1099-C, Form 982, income tax, IRS, Obama, Ocwen, principal reduction, principal residence, real estate taxes, Ron Faris, subprime loans
Posted in bubble, Corruption, Eviction, securities fraud |