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
Foreclosure Fraud – New Lawyers Face Probes, Pop Up at Other Firms
New lawyers face probes, pop up at other firms By Christine Stapleton and Kimberly Miller Palm Beach Post Staff Writer Recently out of law school and looking for work, scores of young Florida attorneys found steady paychecks in burgeoning firms whose business is based on repossessing the American dream. Today, more than 260 attorneys work … Read more
WWGBD: What Would George Bailey Do?
WWGBD: The Bank Run WWGBD: What Would George Bailey Do? So, this holiday season, let’s ask ourselves, “WWGBD – What Would George Bailey Do?” We know he would never evict a family from their home. If our legislators had the courage to put a moratorium on foreclosures until this mess is cleared up, or if … Read more
NPR | A Mistake That Stole Christmas? A Wells Fargo Foreclosure Story
More loan mod lies… A Mistake That Stole Christmas? A Foreclosure Story Like many Americans, Jennifer Ryan-Voltaire is trying to get ready for Christmas in her home outside Boston. She and her family have their tree on display. “We’ve decorated the outside of the house,” she says. “We’re trying to get into the spirit of … Read more
Foreclosure Fraud | Bank Of America’s Christmas Present: Foreclose Even Though Not A Payment Missed
The moral to the story below is if you are put into a “loan modification” your regular payments will not be applied, late fees will occur, your credit will be ruined because you are reported as NOT making your payments when in a modification, and once you sent in your trail payments, they deny you … Read more
Yves Smith Interview | Foreclosures on People Who Never Missed a Payment
Foreclosures on People Who Never Missed a Payment Yves Smith: Mortgage service industry makes more money from foreclosures than restructuring debt… ~ 4closureFraud.org Tweet
Rocket Docket Investigation – Pigs Ass Charlie Green, Lee County Clerk of Court at it Again
From Urban Dictionary: The term “pigs ass” is used in many situations. It is most commonly used when someone claims something is not true. And we all remember Lee County Clerk of Court Charlie Green from previous articles right? LEE COUNTY CLERK: CHARLIE GREEN Executive Assistant: Laura Bennett P. O. Box 2469, Ft. Myers, FL … Read more
Daily Finance – The Foreclosure Mess: Florida Judges Can Do Better
The Foreclosure Mess: Florida Judges Can Do Better By ABIGAIL FIELD In the face of banks’ rampant disregard for the law in pursuing foreclosures with false paperwork, the judiciary has started to emerge as the great defender of due process and the rule of law. For example, in October, New York put an end to … Read more
PB Post – Florida expands probe into alleged foreclosure misconduct by law firms
Florida expands probe into alleged foreclosure misconduct by law firms By Kimberly Miller Palm Beach Post Staff Writer The Florida Attorney General’s Office has expanded its investigation of alleged foreclosure misconduct by law firms, adding companies to its initial list of four, according to an attorney for one of the original firms. Gerald Richman of … Read more
Rising Star Shorts: Bank of America and Lender Processing Services
Rising Star Shorts: Bank of America and Lender Processing Services Ilan Moscovitz This article is part of our Rising Star Portfolios series. You can read about the Dada Portfolio here. You may have been hearing about the various mortgage fraud scandals ripping through Wall Street and the economy. We believe the problems are real, though … Read more
DA Files Complaint Against Lawyer of Family Who Broke Back Into their Illegally Foreclosued Home
DA files complaint against lawyer of family who broke into home By Stephanie Hoops December 22, 2010 at 7:16 p.m The Ventura County District Attorney’s Office has filed a complaint with the State Bar of California against the lawyer who counseled a Simi Valley family to break into their foreclosed home in October. Encinitas attorney … Read more
Merry Christmas and Happy New Year from 4closureFraud.org
Michael Redman would like to wish everyone a very Merry Christmas and a Happy New Year. We thank all of you who read this site and who have helped make it one of the most popular sites on the internet regarding the foreclosure debacle caused by the biggest Ponzi scheme the world has ever seen … Read more
Naked Capitalism – Please Visit StopServicerScams.com to Stop Servicer Fraud
Please Visit StopServicerScams.com to Stop Servicer Fraud As readers may know, the banking industry is trying to prevent the FDIC from moving forward with its proposed reforms on securitizations and is also attacking related SEC reforms, namely amendments to Rule A/B. To further the effort to curb servicer abuses, please visit the website, StopServicerScams, and … Read more
How Bout These Deadbeats? Amelia Couple Faces Foreclosure from Refinancing Gone Bad
Amelia couple faces a refinancing gone bad Terry and Donna Hunt have never missed a mortgage payment. But their original lender has tried to foreclose on their house in Amelia County three times. The Hunts weren’t involved in a loan modification, nor were they trying to take equity out of their house. Rather, things went … Read more
Robo-verifiers – Full Deposition of Alden Berner of Wells Fargo
Defense lawyers raise new issue: ‘Robo-verifiers’ Some excerpts from the report… In a deposition conducted in early December by an attorney with the Ice Legal firm, a Wells Fargo employee detailed the bank’s “verification” process. The employee, Alden Berner, said he and two other “legal process specialists” were in charge of verifying all of Wells … Read more
In a Sign of Foreclosure Flaws, Suits Claim Break-Ins by Banks
In a Sign of Foreclosure Flaws, Suits Claim Break-Ins by Banks By ANDREW MARTIN Published: December 21, 2010 TRUCKEE, Calif. — When Mimi Ash arrived at her mountain chalet here for a weekend ski trip, she discovered that someone had broken into the home and changed the locks. When she finally got into the house, … Read more
Mortgage Fraud – Ally/GMAC, BofA, Citi, Chase, OneWest, Wells
Mortgage Fraud Ally Financial/GMAC Bank of America Citibank JP Morgan Chase OneWest Bank Wells Fargo Bank Action Date: December 20, 2010 Location: Mercer County, NJ New Jersey State Supreme Court Chief Justice Stuart Rabner entered an order To Show Cause “In The Matter of Residential Mortgage Foreclosure Pleadings and Document Irregularities” in Civil Action No. … Read more
