Death by Foreclosure | Six Hour Standoff Ends in Gunshots and Flames

Posted by 4closureFraud on February 5, 2011 · 16 Comments 

Fatal Randolph County standoff suspect ID’d WINCHESTER — Authorities have identified the man who died in a police standoff Monday night that ended in fire. The man was William T. Stein, 54, 2251 N. Randolph County Road 350-E, according to Randolph County Coroner Duane Petry. Authorities, however, aren’t yet certain exactly how Stein died and … 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

Fannie, Flagstar Reject Full Price Short Sale Offer, Prefers To Foreclose Instead

Posted by 4closureFraud on February 5, 2011 · 3 Comments 

Click Through to View Video ~ Realtor, home seller baffled when bank rejects its own offer VANCOUVER, Wash. – Stacy Baker fought for two years to sell her father’s house and to keep it from being auctioned off, but lost the fight even after her real estate agent said an offer was made to 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

Pot, Meet Kettle | Bank of America Sues HOA’s, Trustees and Collection Agencies Over Foreclosure Fees

Posted by 4closureFraud on February 5, 2011 · 3 Comments 

Bank of America Suing Collection Agencies in Foreclosure Mess The mortgage serving unit of Bank of America this week filed a lawsuit in Nevada against dozens of homeowners’ associations, their trustees, and collection agencies over fees the groups charged to B of A after certain homes went into foreclosure. BAC Home Loans Servicing LP filed … 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

NY Times | Bank of America to Create Troubled Loans Unit

Posted by 4closureFraud on February 5, 2011 · 1 Comment 

Bank of America to Create Troubled Loans Unit Bank of America said Friday that it would create a unit to handle 1.3 million soured mortgages as Brian T. Moynihan, the bank’s chief executive, tried to distance the company from the fallout of the mortgage crisis. The entity, known as Legacy Asset Servicing, will become 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

Daily Finance | Foreclosures in Paradise: Will the Supreme Court Review Hawaii’s Flawed System?

Posted by 4closureFraud on February 5, 2011 · Leave a Comment 

Foreclosures in Paradise: Will the Supreme Court Review Hawaii’s Flawed System? By ABIGAIL FIELD Among the many state systems governing foreclosure in this country, Hawaii has particularly draconian — and nonjudicial — process. It’s based on a law that dates back to 1874, a statute that was a key mechanism used to take land away … 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

NJ | Sheriff’s Officers Accused Of Emptying Wrong Home In Botched Foreclosure

Posted by 4closureFraud on February 5, 2011 · 8 Comments 

Sheriff’s Officers Accused Of Emptying Wrong Home In Botched Foreclosure HILLSIDE – A 76-year-old Hillside woman has filed a claim for damages against Union County, alleging that officers of the county sheriff’s department illegally entered her home and removed the entire contents because they had the wrong address of a foreclosure. In the document, obtained … 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