Foreclosure Fraud Class Action | National Organization of Assistance for Homeowners vs Wells Fargo
The National Organization of Assistance For Homeowners of California say Wells Fargo and a slew of others violated their own guidelines to sell plaintiffs’ mortgages above their actual vales to bulk investors, knowing the scheme would result in a liquidity crisis that would gravely damage plaintiffs. Full complaint below… ~ 4closureFraud.org ~ National Organization of … Read more
FL 3rd DCA Affirmed | Filing of a “John Doe” Complaint is NOT Sufficient to Commence an Action against a Real Party in Interest
Jay Liebman Appellant, vs. Miami-Dade County Code Compliance Office, et. al., Appellees. This could get interesting. How many foreclosure cases in Florida name “John Doe”, “Jane Doe” etc in the complaints? Does this also apply to the “Unknown Tenants?” This might just trip up the foreclosure mills even more… From the opinion… (Emphasis added by … Read more
SEC Charges Former IndyMac Executives With Securities Fraud
But no handcuffs… SEC Charges Former Mortgage Lending Executives With Securities Fraud Washington, D.C., Feb. 11, 2011 — The Securities and Exchange Commission today charged three former senior executives at IndyMac Bancorp with securities fraud for misleading investors about the mortgage lender’s deteriorating financial condition. The SEC alleges that former CEO Michael W. Perry and … Read more
