BORROWERS BETRAYED | I-TEAM SPECIAL REPORT Exec had mortgage racket down to an art Orson Benn has gone to prison for falsifying applications, but a former associate in Homestead still sells mortgages. Borrowers Betrayed Part 4 Orson Benn’s network of mortgage brokers wrote thousands of subprime loans in Miami-Dade which have gone into foreclosure. MIAMI […]

Tags: borrower, Chapter 13, disclosure, foreclosure defense, foreclosure offense, fraud, lawyers, Lender Liability, Mortgage, rescission, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

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Tags: foreclosure defense, foreclosure offense, lender, Lender Liability, Mortgage, mortgage meltdown, RESPA, RICO, TILA, TILA audit
Posted in bubble, Corruption, Eviction, securities fraud |

Report: New Century’s GC Warned Managers of Subprime Danger Sue Reisinger Corporate Counsel March 31, 2008 Listening to its general counsel might well have saved New Century Financial Corp., once the nation’s second-largest subprime mortgage lender, from plunging into bankruptcy a year ago. That’s one lesson from a 581-page report filed Wednesday by Michael Missal.A […]

Tags: audit, bankruptcy, borrower, credit crisis, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, mortgage meltdown, rescission, RESPA, RICO, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

STRAIGHT OFF THE NET THANKS TO READER ALLON HILL IS THE NAME OF THIS PARTICULAR COMPANY. I’M SURE THERE ARE DOZENS OF OTHERS. Assignment Recording Residential or commercial, Agency or private delivery, Allon Hill offers a complete menu of mortgage assignment services. In the past 14 years, Allon Hill has prepared and recorded over 5 […]

Tags: audit, borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, predatory lending, quiet title, rescission, RESPA, RICO, securitization, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

QUESTION: I want to confirm something with you: 1.  TILA does not apply to purchase money. 2.  TILA apply to refinance of mortgage. Is that correct? ANSWER: This is a far more complex question than it appears. Normally it would be simple. But in the context of the mortgage meltdown of 2001-2008 there are more questions than […]

Tags: foreclosure defense, foreclosure offense, TILA
Posted in Eviction |

The start of every case, as I see it, is the collection of facts and documents, so that a complete mortgage evaluation and status report can be prepared by an independent third party who can serve as an expert witness if the need arises. The current “cottage industry” of TILA audits is insufficient but a […]

Tags: audit, foreclosure defense, foreclosure offense, lawyers, TILA
Posted in bubble, Eviction |

Kentucky Appeals Court Affirms Lower Court “Kibosh” On Arbitartion Clause In Mortgage; Homeowners Facing Foreclosure To Have TILA Claims Heard In Richmond, Kentucky, The Richmond Register reports: * The Kentucky Court of Appeals has ruled in favor of a Waco couple who were the subject of a foreclosure action by Bank of New York Trust […]

Tags: appeals, arbitration, TILA
Posted in Eviction |

Monday, August 25, 2008 Breathing Life Into A Stale, Time-Barred Truth In Lending Act Claim Earlier this year, an article in the law firm Stroock, Stroock & Lavan’s Subprime Task Force Special Bulletin(1) contained a discussion on the 2008 California Federal Court decision in Monaco v. Bear Stearns Residential Mortgage Corp.(2) which, it appears to […]

Tags: statute of limitations, TILA
Posted in Eviction |

One of the key elements of the attack on the “lender” is fraud in the inducement and fraud in the execution of the loan documents. A central point to the attack is that the borrower was correctly, reasonably and legally (TILA) relying on the mortgage broker (state law and regulation), the lender (TILA, state law […]

Tags: disclosure, foreclosure defense, Lender Liability, over-appraisal, TILA
Posted in Eviction |

OHIO STATE COURT CANCELS FORECLOSURE SALE AND STAYS FORECLOSURE CASE FILED BY TRUSTEE FOR BEAR STEARNS ASSET-BACKED SECURITIES ON FILING OF FEDERAL ACTION AGAINST BEAR STEARNS AND ITS BROKERS AND OTHERS FOR VIOLATIONS OF FEDERAL TRUTH-IN-LENDING ACT, FEDERAL REAL ESTATE SETTLEMENT PROCEDURES ACT, CONSUMER PROTECTION STATUTE, CIVIL RICO, FRAUD, AND OTHER RELIEF In another historic […]

Tags: BEAR STEARNS, FORECLOSURE SALE CANCELLED, fraud, Ohio, RESPA, RICO, TILA
Posted in bubble, Eviction |