The following message and article brings up questions that I have been receiving with increasing frequency as homeowners, their forensic analysts and attorney dig further and further. They are following the money and coming up with the fact that servicers are advancing payments to investors when the borrower stops paying. In fact, they advance those […]

Tags: monthly payments, securitized loans, servicer, UCC
Posted in Corruption, evidence, expert witness, Modification, Pleading, securities fraud, Servicer |

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Tags: AG Horne, asset price bubbles, asymmetry of information banks used to leverage against borrowers, attorney general, AZ AG Tom Horne, borrower, bostonfed.org, Christopher L Foote, compare the tobacco settlement to the foreclosure settlement, corrupt title system, credit bids, credit bids from non-creditors, criminal actions against banks and services, Darrell Blomberg, deeds on foreclosure, design policies, Economists, foreclosure, foreclosure defense, foreclosure fraud, foreclosure offense, FORECLOSURE SETTLEMENT, Foreclosure Strategist, foreclosures, homeowners tricked, Kristopher S Gerardi, Moral Hazard, Mortgage, mortgage bonds, mortgage fraud, mortgage meltdown, mortgages, Paul S Willen, predatory lending, public policy discussion paper no. 12-2, racketeering of banks and services, reckless disregard, securitized loans, settlement, sham auctions, sham transactions, The causes of the foreclosure crisis, theft of investor money, TILA, Tom Horne, uninformed mortgage borrowers, unscrupulous bankers, wild deeds
Posted in Uncategorized |

Editorial Comment: Actually the number is far higher. We compute it as around 45% when all is said and done. First of all there is consensus that property values are actually around 15% less than seller’s are asking. Second costs of selling the home makes up the rest, taking another 6-10% off the selling proceeds. […]

Tags: ASSOCIATIONS, auto loans, Bloomberg, borrowers, community banks, credit cards, credit unions, daniel Taub, investors, jingle mail, property values, securitized loans, strrategic defaults, student loans, TARP
Posted in bubble, Corruption, Eviction, securities fraud |