They Aren’t Really This Stupid, Are They?

Market Ticker – Karl Denninger View original article November 28, 2009 I’ve been slack-jawed a couple of times during this debacle of an economic mess, but this has to take the cake: (<– I highly recommend reading this link in its entirety including the comments.) Here is the real stunner. A senior person at Treasury … Read more

Foreclosure Fraud Defense Connecticut – U.S. Bank National Association as Trustee v. Toni Ascenzia et al

Homeowners in Connecticut now have a new tool in fighting against Foreclosure Fraud. A Connecticut Superior Court Judge decided the foreclosing entity can be made to answer for the “sins” of the originating lender. U.S. Bank National Association as Trustee v. Toni Ascenzia et al. Superior Court at New Haven No. CV-08-5022527 Memorandum Filed July 30, … Read more

Advice From a Fraudster – White Collar Crime and Criminals

“A common mistake made by victims of white collar crime is “unexamined acceptance.” No financial information received from any source should be taken for granted as being truthful and accurate without any critical analysis.” Written by: Sam E. Antar (former Crazy Eddie CFO and a convicted felon) White collar crime is a crime of persuasion … Read more


“These cases encourage debtors and other parties to defensively use the mortgage securitization servicing system to prohibit servicers and other non-lending parties from enforcing rights under a mortgage. This trend, if it continues, may have significant impacts for consumer-debtor lawyers, as well as law firms that enforce mortgages and participated in mortgage loan securitization.” “A … Read more

This Judge “Gets It” Indymac Bank F.S.B. v Yano-Horoski

Indymac Bank F.S.B. v Yano-Horoski “Upon the Court’s own motion, it is ORDERED that the Adjustable Rate Note in the amount of $ 292,500.00 dated August 4, 2004 made by Diana J. Yano-Horoski in favor of IndyMac Bank F.S.B. shall be and the same is hereby cancelled, voided, avoided, nullified, set aside and is of … Read more

Defective Paperwork Strips Mortgage Holder of Foreclosure Rights NO. 09-CV-10988-PBS

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. and COUNTRYWIDE HOME LOANS, INC., v WARREN E. AGIN, TRUSTEE, A Massachusetts federal judge has upheld a bankruptcy court ruling allowing a trustee to treat a mortgage as an unsecured claim, which strips the mortgage holder of foreclosure rights, because of defective mortgage paperwork. 4closureFraud