M E R S – Mortgage Electronic Registration Systems Foreclosure Bankruptcy Decision – This Court is Convinced that MERS had NO Interest it Could Transfer

Fresh from Matt Weidner’s Blog UNITED STATES BANKRUPTCY COURT Eastern District of California Honorable Ronald H. Sargis Bankruptcy Judge Sacramento California   May 20, 2010 MERS AND CITIBANK ARE NOT THE REAL PARTIES IN INTEREST Under California law, to perfect the transfer of mortgage paper as collateral the owner should physically deliver the note to … Read more

Victory in Key West: Judge Dismisses Foreclosure Filed by Florida Default Law Group for Failure to Comply with Discovery and Court Orders

From Jeff Barnes, Esq Today, a Key West, Florida Circuit Court Judge dismissed a foreclosure action filed by Florida Default Law Group (FDLG), which was representing Bank of New York as the alleged “Trustee” of a Bear Stearns securitized mortgage loan trust. The borrower, who was represented by FDN’s Jeff Barnes, Esq., had served discovery … Read more

LPS – Lender Processing Services President and CEO Reply to Bogus Assignee and Bad Bene: Mortgage Documents: Placeholder Items Were Innocent

Reply: Mortgage documents: Placeholder items were innocent Now this chaps my ass… Letter to the editor anyone? LPS is very involved in the Jacksonville community and highly values its role and reputation as a good corporate citizen. Therefore, I believe it is vitally important to provide clarification to the May 14 article in The Florida … Read more

Ocwen “Erroneous Data Point” Causes Home to be Forcelosed and Family Nearly Evicted on Payed Up Mortgage

HOUSTON (KTRK) — Foreclosures are nothing new these days, as thousands of homeowners fall behind on their payments. However, not all the foreclosures are the fault of the homeowner. In fact, one couple found themselves facing eviction, through no fault of their own, until Action 13 Consumer reporter Jeff Ehling got involved. The family made … Read more

Foreclosure Mills Using Wrong Documents Lead to Wrongful Foreclosure – Wells Fargo Foreclosing on Home with Paid Up Bank of America Mortgage

JACKSONVILLE, Fla. — In April, a real estate auction was held at the Prime Osborn Convention Center in downtown Jacksonville. On that one day, the auctioneer sold more than $1 million worth of real estate, all foreclosures. “We think this is the best time to get a deal on a house,” the auctioneer said. RealtyTrac.com … Read more