Ever wonder where those trial payments go? Do they go to your loan balance? To your escrow? Do they go to your interest due? Do they go to fees owed? Or do they go into a black hole? I personally just don’t know… Check out the less than exciting Hamp Report below… ~ 4closureFraud.org HAMP … Read more
June 21, 2010 By: Paola Iuspa-Abbott By the time Glazy and Jose Ruscalleda realized that two different lenders were foreclosing on their condo mortgage, they were almost out of time. While their lawyer fought a foreclosure action by American Home Mortgage Servicing, the couple was unaware that HSBC Bank USA was about to ask a … Read more
It’s All About the Principal: Preserving Consumers’ Right of Rescission Under the Truth in Lending Act
Abstract: This Article explores a significant market-based threat to the Truth in Lending Act’s right of rescission, a remedy that attempts to deter lender overreaching and fraud during one of the most complex financial transactions of a borrower’s lifetime. The depressed housing market has substantially impaired many borrowers’ ability to fulfill their responsibilities in rescission’s … Read more
Freddie Mac / Bank of America / Taylor Bean Whitaker – IMPORTANT INFO & STATEMENT REGARDING ASSIGNMENTS… TRANSFERS… NOTE OWNERSHIP!!!
“Indeed, it appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies“ In my 1999 21st Century Loan Sharks Report, I coined and defined the term “Predatory Mortgage Securitization” (see http://en.wikipedia.org/wiki/Predatory_mortgage_securitization) in my report from MY PERSONAL RESEARCH AND ANALYSIS I DEFINED SOME THE FOLLOWING PRACTICES THAT DEFINED … Read more