Since the Fed can create unlimited money, why not pay off every mortgage in the land? That’s only $9.7 trillion, and if the Fed wanted to unleash an orgy of spending, that would certainly do it. Trillions in losses would be filled with “free money,” since the Fed would pay the full value of all […]

Tags: central bank, Charles Hugh Smith, Fannie, Federal reserve, FHA, MBS, Of Two Minds, REO
Posted in bubble, Corruption, Eviction, securities fraud |

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Tags: American Title Insurance, bypass brokerages, CoreLogic, default RELS, Des Moines IA, Domestic Entity Other, Doresey & Whitney LLP, FFIEC, First American Real Estate Solutions, independent Title Abstractors, Mark C Oman, Michael J Heid, Nancy Drewe, nationwide telesales, Novel Method, Preapproved loans without borrowers, real estate loan, RELS LLC, RELS Title dba ATI Title, Rels Title Settlement Services, REO, secondary market promissory notes, Urbandale, Wells Fargo home Mortgage Inc, Wells Fargo Home Mortgage Insurance
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Editor’s Note: As Lynn knows, these are the official figures. But the properties were deeded based upon false premises. First the credit bid wasn’t submitted by a creditor. Second the foreclosure process was defective, fraudulent and filled with forged or incomplete documents. And […]

Tags: bankruptcy, borrower, countrywide, disclosure, Florida, foreclosure, foreclosure defense, foreclosure offense, foreclosure properties, foreclosures, fraud, LOAN MODIFICATION, modification, quiet title, REO, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND
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Submitted by Charles Koppa. 6/9/2010 Editor’s Note: We are starting to look at events AFTER the sale has taken place and we are discovering a number of things: CREDIT BID: Only the Creditor can submit a credit bid. All others must pay actual money. If a non-creditor submitted a credit bid (essentially bidding the “amount […]

Tags: Auction, bookkeeping trust, credit bid, fabricating documents, foreclosure, foreclosure sale, fraudulent foreclosure, Identification Numbers, Lehman Brothers, MERS, MIN, NOD, NOTS, OREO, property records, REO, sale, servicer
Posted in Corruption, Eviction, expert witness, foreclosure mill, Modification, securities fraud, Servicer |

The way the media tells it, there are million of bargains out there that will be the house of your dreams and will make you rich. If it seems too good to be true, that would because it IS too good to be true. As a backdrop to this discussion remember that there are over […]

Tags: Acknowledgment, amortization, authority, bank, bargains, buyers, COnsumer Price INDex, CPI, DEED OF TRUST, FINAL JUDGMENT, foreclosed home, forecloser, friendly quiet title action, General release, Hold Harmless, homeowner, Indemnification, Lease, note, REO, rescission, title policy, warranty deed
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