BAC, Countrywide v Stenz Motion to Dismiss Granted – “A thief who steals a check payable to bearer becomes the holder of the check… but does not become the owner of it.”
“A thief who steals a check payable to bearer becomes the holder of the check… but does not become the owner of it.” Below is an order from a Florida court that speaks to a major issue we have been screaming about for well over a year now. Just because you hold the note, does not … Read more
Adam Levitin – Fisking the American Securitization Forum’s Congressional Testimony
Fisking the American Securitization Forum’s Congressional Testimony posted by Adam Levitin Tom Deutsch, the Executive Director of the American Securitization Forum (ASF) testified before the Senate Banking Committee this past week about chain of title problems in securitization. I was fascinated to see how much attention the ASF spent in attempting to rebut my testimony … Read more
One West Forecloses and Evicts then Offers Boca Raton Couple Loan Mod 6mo Later
Gary Coronado/The Palm Beach Post “Strassburger said he was never even notified of the final order. He didn’t learn that the sale and title transfer were officially canceled until a Palm Beach Post reporter located the order that was signed Aug. 31 and recorded on Oct. 14.” ~ Bank evicts, then offers Boca Raton couple … Read more
NY Times – Queens Woman Nearly Loses Home Over Bank of America Error
“Bank of America claimed, wrongly, that Ms. Roberts was a deadbeat who hadn’t made a mortgage payment since March 2008.” ~ “Let’s face it: Ms. Roberts got a break. Because she had a dogged lawyer, who had the wit to get a New York Times columnist interested in her case, a terrible mistake was uncovered. … Read more
WSJ – The 25-Year ‘Foreclosure From Hell’
The 25-Year ‘Foreclosure From Hell’ By ROBBIE WHELAN OKEECHOBEE COUNTY, Fla.—Patsy Campbell could tell you a thing or two about fighting foreclosure. She’s been fighting hers for 25 years. The 71-year-old retired insurance saleswoman has been living in her house, a two-story on a half acre in a tidy middle-class neighborhood here in central Florida, … Read more
