Daily Finance | Investor Lawsuits Are Raising the Heat on Bank of America for ‘Putbacks’
Investor Lawsuits Are Raising the Heat on Bank of America for ‘Putbacks’ One of the straightest paths this country could take toward Bank Bailout 2, the Sequel, would be through forcing financial institutions to buy back the lousy mortgage-backed securities they sold before the meltdown. Large-scale buybacks could open gaping wounds on bank balance sheets, … Read more
Sewer Service | Local Florida Couple Wins Foreclosure Reprieve
Couple wins foreclosure reprieve by Kim Miller Lisa and Mitchell Glogower, who were featured in a Palm Beach Post story Monday, were fighting a March 14 deadline to save their home. That was the auction date set by the court after a final foreclosure judgment was entered in July. But today, the couple, with the … Read more
SEC Charges Former Treasurer Desiree E. Brown of Major Mortgage Lender Taylor, Bean & Whitaker for Role in Securities Fraud and TARP Scheme
SEC Charges Former Treasurer of Major Mortgage Lender for Role in Securities Fraud and TARP Scheme FOR IMMEDIATE RELEASE 2011-49 Washington, D.C., Feb. 24, 2011 — The Securities and Exchange Commission today charged the former treasurer of the one-time largest non-depository mortgage lender in the country with aiding and abetting a $1.5 billion securities fraud … Read more
PB Post | More than Half of Palm Beach County Foreclosure Canceled
More than half of Palm Beach County foreclosure auctions canceled by Kim Miller Palm Beach County continued to see a large number of its foreclosure auctions cancelled in January with 1,358 scheduled sales _ 51.5 percent _ never making it to bid. Before foreclosures imploded in the fall, the average cancellation rate was about 30 … Read more
Walnut Place LLC v. Countrywide Home Loans Inc | Bank of America Sued by Investors Seeking to Unload Loans
Bank of America Sued by Investors Seeking to Unload Loans Bank of America Corp., the biggest U.S. bank by assets, was sued by investors in mortgage-backed bonds who are seeking to force the bank to buy back loans underlying their securities. Bank of America’s Countrywide Financial unit breached representations and warranties about the loans, which … Read more
PB Post | Ben-Ezra & Katz Retains Former State Senator Dan Gelber
Ben-Ezra & Katz retains former state Senator Dan Gelber by Kim Miller Ben-Ezra & Katz, the Fort Lauderdale law firm in hot water for its foreclosure practices, has retained Dan Gelber to provide support with quality control and to help evaluate its policies and procedures. Gelber is a former state senator from Miami Beach and … Read more
NJ | Appeals Court Reinstates ‘Fair Debt’ Suit Accusing Foreclosure Mill of Attempted Fee Gouging
Appeals Court Reinstates ‘Fair Debt’ Suit Accusing Foreclosure Mill Of Attempted Fee Gouging In Mortgage Payoff Letters Sent To Homeowner’s Attorney A Federal Court of Appeals just reinstated a lawsuit filed by a New Jersey homeowner seeking class action status that accuses the law firm representing a foreclosing lender of sending the homeowner’s attorney mortgage … Read more
Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated
Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated American leadership is reliable in one respect: it consistently undershoots my already low expectations. Or maybe I have it backwards because I keep forgetting who the authorities are really serving, and it clearly isn’t you and me. As we will discuss below, the … Read more
MERS Enters The Twilight Zone
The Market Ticker – MERS Enters The Twilight Zone Amusing over at NC: Mr. Anderson said that he could not comment on the OCC investigation or actions but then went on to say that no administration would allow, nor would it allow a judge’s ruling, to threaten the legal standing of a MERS member to … Read more
Bloomberg | Arizona Bill SB1259 Would Void Foreclosures Without Full Title History
“The trustees association has suggested an amendment to the bill that would instead require the owner to certify to the trustee that it has the legal right to foreclose. Under the amendment, which wasn’t taken up by the Senate, the lender could face perjury charges if the certification is found to be false.” Is that … Read more
Continuously Updated | March 9, 2011: Second Annual Freedom Ride & Rally in Tally for Combatants of Illegal Foreclosures
Video of Last Years Event Where We Rallied to Stop The Non-Judicial Foreclosure Bill ~ Check back often for updates UPDATE: March 7th 2011 Bus Schedule | March 9, 2011: Second Annual Freedom Ride & Rally in Tally for Combatants of Illegal Foreclosures Bring evidence of fraud, pillow, cooler, drinks & snacks, change of clothing, … Read more
Chief Tax Collector Quits Job of 28 Years to Avoid Foreclosing on Any More Friends
“I was foreclosing on the homes of people I have known my entire life” ~ Cherokee tax chief quits to avoid foreclosing on more friends Acid reflux gnawed at David Fields’ gut. Sleep came in fits. The waking hours were worse, as he battled depression with medications. Inevitably, the antidepressants failed to temper the toll … Read more
“Listen, it’s either settlement or trial today. That’s it” | Florida Cop-Turned-Judge Challenges Banks to Clear Foreclosure Backlog
Buried in a lengthy Bloomberg article, David McLaughlin reports; Cop-Turned-Judge Challenges Banks to Clear Foreclosure Backlog Cop-Turned-Judge Challenges Banks to Clear Foreclosure Backlog Judge Israel Reyes is giving the biggest U.S. banks a choice: Wrap up the home foreclosure cases clogging his Miami court, or dismiss them and walk away. Most are walking away… “Listen, … Read more
Arizona SB1259 on Foreclosures; Proof of Ownership Passes Senate 28 Ayes 2 Nays
Remember SB1259? Goodnight Banks: Arizona Well what do we have here? A. FOR ANY BENEFICIARY WHO IS NOT THE ORIGINATING BENEFICIARY ON THE DEED OF TRUST, THE BENEFICIARY SHALL RECORD A SUMMARY DOCUMENT REGARDING THE BENEFICIARY’S LEGAL INTEREST IN THE DEED OF TRUST THAT CONTAINS THE FOLLOWING INFORMATION IN CHRONOLOGICAL ORDER: THE FULL NAME AND ADDRESS OF RECORD … Read more
Judge Orders Quicken Loans to Pay $2.7 Million Award to Homeowner in West Virginia Mortgage Fraud Case
Judge Orders Quicken Loans to Pay $2.7 Million Award in West Virginia Fraud Case A West Virginia judge has slapped online mortgage giant Quicken Loans Inc. with more than $2.7 million in punitive damages and legal costs after finding the lender had defrauded a borrower by misleading her about her loan and using an inflated … Read more
KaPoW | FL Attorney General Launches Investigation into Ben-Ezra $ Katz for “using deceptive paperwork to foreclose; obtain attorney’s fees which become the ultimate responsibility of the homeowner/defendant and calculate the indebtness of the homeowner/defendant”
Another South Florida foreclosure law firm faces state scrutiny by Kim Miller Ben-Ezra & Katz, the Fort Lauderdale law firm fired earlier this month by Fannie Mae, is now on the Florida attorney general’s list of firms under investigation. It’s unclear when the firm was put on the attorney general’s to-do list, but it wasn’t … Read more
Too Bad, Soo Sad… Ben-Ezra’s Brokers’ Floridian Title Corp Abruptly Lays Off 36
Although we hate to see people lose their jobs, if you lie down with dogs, you will get up with fleas… All you young attorneys out there, please consider what you are getting yourselves into by working for some of these firms. It might jut cost you your job, your license or worse… Detail by … Read more
Viewer Discretion Advised | We are Foreclosing on Your House
Click Through to View Warning: Video Contains Some Foul Language Viewer Discretion Advised Friendly bankster consoles homeowner who thought she was getting a loan modification ~ 4closureFraud.org Tweet
SERS | Spouse Electronic Recording System
This was sent to me in an email so I don’t know the exact source other than it appears to be written by Mike? If you are the author and would like full credit send me an email from the contact form above… SERS | Spouse Electronic Recording System Mike, on February 21, 2011 at … Read more
