Fraudclosure FAIL | State AGs Offer New Settlement Terms to Mortgage Servicers

“It makes sense for principal reduction to be off the table because it creates a tremendous number of legal and logistical obstacles that in the context of a complex settlement are obviously difficult and distracting,” ~ State AGs Offer New Settlement Terms to Mortgage Servicers WASHINGTON — After months of stalemate, the state attorneys general … Read more

LPS SEC 8-K Report | FDIC Slams Lender Processing Services, Inc. with $154,519,000 Lawsuit

Now that’s gotta sting! UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): May 10, 2011 Lender Processing Services, Inc. (Exact name of Registrant as Specified in its Charter) 001-34005 (Commission File … Read more

UPDATED | In RE Phillips | They May Have a Problem – Was the Loan Duel Pledged?

Just got word that TWO exact properties may have been bought at the same exact time for the same exact price for the example below. ~ HOWEVER, this loan is not the only one doubled up in this trust, and we have seen others. ~ More to come… Not quite sure if we are 100% … Read more

Caught up in Mortgage Mess, Ex-Marine, Keon Williams, Single Father of Three Gets a Reprieve

Remember that “Deadbeat” Ex-Marine, Single Father of Three, Who Payed on Time, and got Foreclosed? And, do you remember how they Changed His Locks, Illegally? Well it looks like he just got a break, temporally at least… However, this is still outrageous in so many ways… ~ Caught up in mortgage mess, Milwaukee man gets … Read more

IN RE PHILLIPS, US Bankruptcy Court, S.D. Alabama | AURORA LOAN SERVICES Motion to Dismiss GRANTED, Except for Fraud on the Court

Now this is interesting… IN RE PHILLIPS In re: RICK ALLEN PHILLIPS and REBECCA RUTLAND PHILLIPS, Debtors. RICK ALLEN PHILLIPS, Plaintiff, v. AURORA LOAN SERVICES, LLC and U.S. BANK, AS TRUSTEE FOR STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2007-10. Case No. 08-11442-MAM-7, Adv. Proc. No. 11-00027. United States Bankruptcy Court, S.D. … Read more

CONFLICT OF INTEREST? The titular head of the title insurance industry, ALTA’s CEO, Kurt Pfotenhauer, is now the Chairman of the Board of MERSCORP

ALTA’s CEO, Kurt Pfotenhauer, Now Chairman of Board at MERS You won’t find anything on the ALTA site about this one. NAILTA has confirmed through the American Land Title Association (ALTA) that ALTA’s CEO, Kurt Pfotenhauer, recently became the Chairman of the Board for MERSCorp, Inc. and its controversal subsidiary, MERS, Inc. (MERS).  MERS is … Read more

Sun Sentinel | Foreclosure fraud complaints flood Florida Bar but no lawyer reprimands so far

“Yet among the total 46 foreclosure fraud cases closed so far, none have resulted in any sanctions against attorneys – including David J. Stern, whose Plantation operation once employed more than 1,000 people and became synonmous nationwide with the term “foreclosure mill.” Stern, who is the target of a civil investigation by the Florida Attorney … Read more

Take Back the Land | Rochester liberates home, moves Lennon back into house

Remember when Fannie Mae Sent SWAT Team to Forcibly Evict Grandmother from Her Home After Refusing Payments? Well, she is back in… ~ It’s not a sit-in, It’s a Live-in: On May 9, 2011, after more than a month living in a hotel, Take Back the Land- Rochester helped move Catherine Lennon back into the Rochester … Read more