New Jersey In The Matter of Residential Foreclosure Pleadings and Document Fraud: Hearing for State’s Biggest Mortgage Lenders Postponed Again

Posted by 4closureFraud on February 1, 2011 · 6 Comments 

This time till March… Hearing for state’s biggest mortgage lenders postponed again For the second time, the state has postponed a hearing for six of the country’s biggest mortgage lenders called to court to defend their foreclosure practices. Edward Dauber, the attorney appointed to represent the state in the case, requested the extension to allow … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Daily Finance | Lawyers’ Carelessness Was Key to the Mortgage Mess

Posted by 4closureFraud on February 1, 2011 · 8 Comments 

Lawyers’ Carelessness Was Key to the Mortgage Mess By ABIGAIL FIELD Two of my biggest concerns about the mortgage mess involve the conduct of lawyers at every stage, from creating the toxic securities to foreclosing on homes, and that so far the major players haven’t been held accountable for their actions in creating the crisis. … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

18.4 Million Vacant Homes in the U.S. in Q4 ’10

Posted by 4closureFraud on February 1, 2011 · 8 Comments 

With millions of foreclosures to come… Nearly 11 Percent of US Houses Empty By: Diana Olick Homeownership is falling at an alarming pace, despite the fact that home prices have fallen, affordability is much improved and inventories of new and existing homes are still running quite high. Bargains abound, but few are interested or eligible … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Florida Bar Foreclosure CLE | “What to do when false affidavits have been filed in foreclosure cases”

Posted by 4closureFraud on February 1, 2011 · 11 Comments 

“If perjured testimony or false evidence has been offered, the advocate’s proper course ordinarily is to remonstrate with the client confidentially if circumstances permit. In any case, the advocate should ensure disclosure is made to the court. It is for the court then to determine what should be done — making a statement about the … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Action Alert | New Proposed Rule Attacks Rights of Citizen Journalists in Court Proceedings

Posted by 4closureFraud on February 1, 2011 · 12 Comments 

Unfortunately, the Bar didn’t give the public much notice or time to act. If you don’t want the Florida Supreme Court to pass the Florida Bar’s new rule violating the rights of citizen journalists, by the end of the day on Feb. 1, 2011, send an email to katherine.giddings@akerman.com and jjenning@flabar.org with a subject stating, … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud