Bank of America Slammed with Another Class Action for Refusing to Participate in Foreclosure Prevention Programs
Bank Slammed With Another Class Action By JOE HARRIS ST. LOUIS (CN) – The seemingly endless string of class actions against Bank of America’s foreclosure policies continued here in Federal Court. The class claims that BofA and BAC Home Loans Servicing refuse to participate in foreclosure prevention programs despite taking $25 billion in Troubled Asset … Read more
NY Court Rejects Mortgage Foreclosure In MERS Case – LNV Corp. v. Madison Real Estate, LLC
“absent transfer of the debt, the assignment of the mortgage is a nullity.” ~ Court Rejects Mortgage Foreclosure In MERS Case In this case, LNV had “not provided any evidence” that showed that when MERS assigned the mortgage to LNV, it also transferred the interest in the underlying note. According to the mortgage assignment contract, … Read more
Will the Real Owner Via Endorsement Please Stand Up? A Case That Illustrates Toxic Foreclosure Soup
Since Matt Weidner already did such a wonderful job of presenting Lisa’s find, I will not recreate the wheel… Will the real owner via endorsement please stand up? See the additional page of endorsement stamps showing two signature versions and titles for D. Chiodo (Does every servicer & foreclosure mill have an “endorsement stamp cabinet” … Read more
The Market Ticker | “Put It All Back” Gains Mainstream Credence
“Put It All Back” Gains Mainstream Credence by Karl Denninger in Foreclosuregate From Randall Wray @ Bengiza (also writing at Huffington Post)…. It is time to push the reset button. All foreclosures should be stopped immediately. The REMIC trustees should be audited to see if they have properly followed the requirements of the PSAs and … Read more
Where Things Stand: Foreclosure Paperwork Scandal
Where Things Stand: Foreclosure Paperwork Scandal by Marian Wang ProPublica, Dec. 27, 2010, 10:11 a.m. Some struggling homeowners are currently getting a temporary reprieve [1] from foreclosure sales and evictions during the holiday season, but that doesn’t mean [2] all foreclosure cases have stopped moving through the courts — and it doesn’t mean we’re done … Read more
Toxic Titles | D.C.’s foreclosure investigation freezes home sales for months
D.C.’s foreclosure investigation freezes home sales for months Sales of foreclosed houses in the District ground to a halt for months as the city’s investigation into the foreclosure process scared away title insurers who didn’t want the risk associated with the property. And although the D.C. Office of the Attorney General is now sorting out … Read more
Fraudclosure Report | “The Title Crisis: Clouded at the Core”
TOXIC TOXIC TOXIC TOXIC TOXIC TITLES TITLES TITLES TITLES In a new report entitled “The Title Crisis: Clouded at the Core”, Foreclosure Intervention Specialist (and former Fannie Mae Broker-Specialist) Mildred Wilkins lays out what is really going on underlying the “fraudclosure” scandal. The report is a response to bank and government propaganda that the crisis … Read more
