Wells Fargo Acknowledges Problems in Foreclosure Paperwork, Admits to 55,000 Counts of Perjury
Wells Fargo acknowledges problems in foreclosure paperwork By Jia Lynn Yang Washington Post Staff Writer NEW YORK – Wells Fargo, which has stood by its foreclosure paperwork for weeks as other major lenders discovered errors and halted sales, conceded Wednesday it had discovered some flaws in its documents as well. The latest acknowledgment of problems … Read more
A Must See – Congressional Oversight Panel (COP) Hearing on Foreclosure Fraud and Robo-Signers
It’s long but you need to watch it. It is Fascinating… On Wednesday, October 27 at 10:00 a.m., the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP) held a hearing in room 138 of the Dirksen Senate Office Building. Archived video is available below. Click Through to View (But read the rest before … Read more
Onewest Bank, F.S.B. v Drayton – Brooklyn Judge Arthur Schack is a Local Hero, Decision Casts Light on Fraudulent Mortgage Paperwork
First from the NY Daily News… (Full Decision Below) Brooklyn judge Arthur Schack is a local hero, decision casts light on fraudulent mortgage paperwork Brooklyn State Supreme Court Judge Arthur Schack has done it again. The self-described “little judge from Brooklyn” has dismissed another foreclosure case, this time in favor of an East New York … Read more
4th DCA Summary Judgement Reversed – Servedio v USBank
DISTRICT COURT OF APPEAL OF THE STATE OF FLORIDA FOURTH DISTRICT July Term 2010 GUISEPPE SERVEDIO a/k/a Joseph Servedio, Appellant, v. US BANK NATIONAL ASSOCIATION, as Indenture Trustee, on behalf of the holders of Terwin Mortgage Trust 2007-AHL1, Asset-Backed Securities Series 2007-AHL1, Appellee. No. 4D10-1898 [October 27, 2010] The issue presented in this appeal is … Read more
The Market Ticker – Oh Oh – Here Comes (More) Trouble On Foreclosure Titles
TOXIC TOXIC TOXIC TOXIC TITLES TITLES TITLES TITLES ~ Oh Oh – Here Comes (More) Trouble On Foreclosure Titles Eh, I have an update from Fidelity Title – this is for Florida foreclosures. Here’s the salient “trouble spot” – this is what must be in the foreclosure docket for them to grant a policy: The … Read more
The Nation’s Most Influential Citizen Agitators Helping to Uncover and Fight Foreclosure Fraud
(Steve Mitchell/MCT) – Lisa Epstein and Michael Redman, shown October 7, 2010, outside the Palm Beach County Courthouse in West Palm Beach, Florida, are two of the nation’s most influential citizen agitators helping to uncover and fight foreclosure fraud and abuse. Read more: http://www.modbee.com/2010/10/21/1393919/civilian-cops-take-on-the-foreclosure.html#ixzz13VhliEjN ~ 4closureFraud.org I sure could use some… Tweet
WAPO – U.S. Probing Foreclosure Processing Firms
“Mail and Wire Fraud, Money Laundering, Conspiracy and Racketeering” ~ U.S. probing foreclosure processing firms By Ariana Eunjung Cha Washington Post Staff Writer The more banks foreclosed on homes, the more a little-known company in Florida called Lender Processing Services saw its revenue and stock price soar. For a fee, the Jacksonville company would locate … Read more
MBS – Lisa Epstein of Foreclosure Hamlet on with Dylan Ratigan and William Black
It was an honor to be in the studio with you while you spoke to America Lisa. It is also great to see us “activists” being taken seriously by the mainstream media… ~ Transcript >>> good monday afternoon. mounting evidence against the mortgage lenders. they’re saying, trust us, and for the most part … Read more
Rhonda D. McLaughlin vs Bank of America – Sandusky Woman Sues Bank of America Over “Robo-” Foreclosure
Since we are on the subject of BOA today, here is another little gem… Sandusky woman sues bank over “robo-” foreclosure A Sandusky woman filed a lawsuit Wednesday claiming the foreclosure of her North Larchmont Drive home was spurred on by “robo-signing,” where bank employees signed affidavits without bothering to review documents. Rhonda D. McLaughlin … Read more
Bank of America Finds Foreclosure Mistakes While Preparing Less than 1 Percent of Foreclosure Files
The bank found errors in 10 to 25 out of the first several hundred foreclosure it examined starting last Monday ~ No widespread problem here, right BOA? By the way, most of these “errors” are FELONIES! Bank of America Finds Foreclosure Mistakes: Report Bank of America acknowledged some mistakes in foreclosure files as it begins … Read more
Foreclose on the Foreclosure Fraudsters, Part 2: Spurious Arguments Against Holding the Fraudsters Accountable
You can check out part one here if you already haven’t…. SDIs – Foreclose on the Foreclosure Fraudsters, Part 1: Put Bank of America in Receivership Posted by Foreclosure Fraud on October 22, 2010 · (SDIs) “Systemically Dangerous Institutions” ~ Now we’re talkin… William K. Black and L. Randall Wray Posted: October 22, 2010 02:08 PM … Read more
The Market Ticker – Get Ready For “Kentucky PerjuryFest, 2010 Edition”
From The Ticker… Get Ready For “Kentucky PerjuryFest, 2010 Edition” In an awesome act Kenton County, Kentucky has enacted a general order for its court system related to foreclosures: The order requires all foreclosure complaints in Kenton County to be accompanied by an affidavit certifying that the plaintiff is the owner and holder of the note … Read more
4closureFraud – US Foreclosure Image is 2008 World Press Photo of the Year
Anthony Suau,/TimeThis picture by US photographer Anthony Suau, for Time won the World Press Photo of the Year 2008 award, it was announced by the organisers on 13 February 2009 in Amsterdam, The Netherlands. US Economy in Crisis: Following eviction, Detective Robert Kole must ensure residents have moved out of their home in Cleveland, Ohio, … Read more
Beals v. Bank of America – Bank of America Sued in Class Action Over Foreclosure Fraud
Bank of America Sued in Class Action Over Flouting of Foreclosure Rules Bank of America has been hit with a class action on behalf of homeowners seeking damages for alleged disregard of foreclosure process rules. The suit, filed Wednesday in federal court in Newark, N.J., accuses Bank of America and two subsidiaries, LaSalle Bank and … Read more
Shhh – Attorney General McCollum Wanted Lobbying Request Kept Secret
This is why he is dragging his feet on the Foreclosure Mill investigations… Tryin to protect his new job… ~ “I will tell you this much. I could be making a lot more on the outside than I ever did on the inside. That’s right.” ~ Attorney General McCollum wanted lobbying request kept secret TALLAHASSEE … Read more
NY Daily News – Dubious signatures, missing, inaccurate paperwork halt 4,450 city foreclosures
It’s spreading… Dubious signatures, missing, inaccurate paperwork halt 4,450 city foreclosures BY Robert Gearty DAILY NEWS STAFF WRITER Thousands of foreclosures across the city are in question because paperwork used to justify the seizure of homes is riddled with flaws, a Daily News probe has found. Banks have suspended some 4,450 foreclosures in all five boroughs … Read more
Stopa Motions to Dismiss – Pleading Requirements in a Foreclosure Case
Motions to Dismiss – Pleading Requirements in a Foreclosure Case One of my greatest frustrations in foreclosure cases is how well-taken Motions to Dismiss are systematically denied by many Florida judges, especially senior judges, who routinely seem to apply a different set of pleading requirements in foreclosure cases as compared to other lawsuits. Suffice it to say that … Read more
The Market Ticker – Weekend Roundup: Foreclosuregate Status
The Market Ticker – Weekend Roundup: Foreclosuregate Status There is a very important audio interview on KOH that you need to listen to. It’s two hours, and that’s a lot. But it’s important. In particular, listen to the couple of minutes starting at 12:30 in. Then listen to 6:30, and 42:30, right around 50:00 and then … Read more
Foreclosure Fraud – Full Deposition of Tamara Savery Wells Fargo Robosigner
It is kind of cliche now… Same as the rest of the depos… Not to take away the importance, but it is like reading the same book over and over and over and over… Doesn’t know anything… Doesn’t look at anything… Doesn’t verify anything… You know, the same procedures that are used by every predatory … Read more
Banks Face Hefty Fine for Murdering Delinquent Homeowners
“A local branch manager for a large mortgage company also voiced support for the policy, “Everyone likes to make the people we kill out to be victims. Trust me, they’re not.” ~ “They’d rather die than pull two hundred G’s out from under the bed. That really shows you just how serious they are about … Read more
