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

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 more time for the two parties to negotiate a settlement.

In December, Chief Justice Stuart Rabner ordered the six banks, including Citibank, JPMorgan Chase and Bank of America, to outline their past and present foreclosure processes. If the court finds any part unsatisfactory, all pending foreclosure matters will be suspended. The banks responded with hundreds of pages of documents, and earlier this month Dauber asked for an extension for his response.

The banks must now appear in court March 1, instead of Feb. 14. At that hearing, Judge Mary Jacobson will decide whether the banks’ foreclosures should be suspended, unless the case is settled out of court earlier.

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4closureFraud.org

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NJ Foreclosure Fraud Order on Document Irregularities Felonies
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6 Responses to “New Jersey In The Matter of Residential Foreclosure Pleadings and Document Fraud: Hearing for State’s Biggest Mortgage Lenders Postponed Again”
  1. Originations are executed in secret. Why secretly? Substantive Omissions of Material Facts.

    Bank’s withhold accurate business statements from consumers to hide facts of origination.

    Funding during originations are from the BUYER of the promissory note. Copies of the funding documents, Cashier’s Check Statements for example are payment s to the SELLER in exchange for conveyance of the consumer’s promissory note the BUYER used to sell prospectus selling Certificates INVESORS purchased!

    Settlement Agents all over the country sit with copies of monies received from the Buyer deposited into their CUSTODIAN Settlement Agent’s accounts from which they would distribute checks to consumers from another checking account.

    93 US Attorney Generals, House & Senate, can thank the pro bono attorney’s in Maine and Legal Services of New Jersey for enforcing the law. Consumers must defend the complaint of foreclosure and now must request quiet titles to settle the unlawful business matters. Wealth of the nation will transfer back to the consumers and one mortgage at a time the banks will have to remove from their books as an asset and the economy will heal naturally.

    Thank you Pro Bono Attorney’s for spending the time in reviewing documents and enforcing the law.

    The ‘Assignments’ filed by banks during a ‘default’ event will find that the Assignment is to enable the bank’s state robo-agent to record land and property records and related documents presenting the bank’s Substitute Trustee and in the event the foreclosures are contested, the Attorney who who will represent the bank’s are in collusion and collaboring origination loan fraud and participating in the unlawful attempt of bank’s substittute trustee to secure reconveyance of promissorynote/mortgage.

    Meanwhile the Master Servicer is notified there is a default trigger and files insurance claims thru which monthly payments are made to TRUST, question arises which TRUST? Each case must be examined. How is the TRUST named in the foreclosure? If a Trust is not named and a name like Structured Asset Securities Corp Mortgage Pass Thru Certificates 2005-1 is used, then beware the ‘OWNER’ of the TRUST is withholding evidence and can’t name the TRUST but will present to the COURT a financial statement and affidavait that REDACTING all verifiyable information excecpt consumer name making the document look real and realted to the TRUST. Withholding the name of the specific trust is an attempt to file false documents with the court as is being done today in ILLINOIS.

    Originations are executed in secret. Why secretly? Substantive Omissions of Material Facts.

    Bank’s withhold accurate business statements from consumers to hide facts of origination.

    Funding during originations are from the BUYER of the promissory note. Copies of the funding documents, Cashier’s Check Statements for example are payment s to the SELLER in exchange for conveyance of the consumer’s promissory note the BUYER used to sell prospectus selling Certificates INVESORS purchased!

    Settlement Agents all over the country sit with copies of monies received from the Buyer deposited into their CUSTODIAN Settlement Agent’s accounts from which they would distribute checks to consumers from another checking account.

  2. Blue Collar Wall Street says:

    I just called AG Paula T Dow office for the third time this month and have sent numerous letters and emails. I spoke to an assistant director of public relations named Christie. She basically had no updates, comments, regarding foreclosure fraud in New Jersey. And the banks just got another postponement. I have also spoken to one of associates at Ed Dauber’s law firm in Newark. They also have no comment as to what is going on with the state of NJ and the Supreme Court of NJ.. I reminded the assistant at the AG office that not solving this and allowing another 10%- 15% of housing prices to depress will throw millions more nationally into being underwater on their homes and encourage a strategic default. She seemed to understand that concept but still could not tell me why AG Ms. Dow had NO response to her constituency. I told the assistant that Ms. Dow’s deaf ear to this issue is dereliction of duty and an outrage. That said, she has been in the news for busting up a travel con artist that scammed a few hundred people. How out of tune is this public official in the great state of New Jersey where it is said that we have the largest amount of shadow inventory of housing in the country? Is she planning on kicking this down the road to the next AG? Three years down the road? I hope there is a solution long before then…..a lot more folks will not pay their mortgage if we have three years of 10% – 20% home price declines.

  3. David James Rinaldo says:

    When a state AG or other department investigates large corporations, the little people seldom, if ever receive any benefit. The state is always looking for a monetary handout from the corporations, not for the people who have been cheated, but for the state coffers. If anyone thinks that state investigations will give them any relief, they are almost invariably mistaken. Nobody fights your battles. You MUST fight your own battles.

    • JD says:

      Very well said and true…sad but very true. I couldn’t agree more! The greedy state politicians always keep the settlements so they upgrade their offices, and put marble in the bathrooms in the Capitol buildings, and take exotic vacations.

  4. this is a call your attorney general on thursday plea…plus a letter to sign and send.

    http://www.crimeshouldntpay.com/

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