Deadbeats | Cape Coral Couple Sues Wells Fargo for Selling them Home it didn’t Own
The Barnharts are suing Wells Fargo along with American Home Mortgage Servicing Inc., Powerlink Settlement Services and Option One Mortgage Loan Trust 2007-CPI Asset Backed Certificates Series 2007-CP-1. ~ Remember this from back in June of 2011? ~ Wells Fargo FAIL | Cape Coral Family Pays Wells Fargo for Home Bank didn’t Own Go ahead, … Read more
Asshat Alert | Ajay Rajadhyaksha, Managing Director of Barclays Capital – Legalizing the Mortgage Electronic Registration System (MERS) Will Streamline the Legal Process to Accurately Transfer Loans
Asshat alert… Ajay Rajadhyaksha, managing director of Barclays Capital, concurred saying to make private label RMBS issuance more attractive, there needs to be a “transparent and timely way to enforce representation and warranties” agreements. Furthermore, Rajadhyaksha believes legalizing the Mortgage Electronic Registration System (MERS), a controversial mortgage registry, will streamline the legal process to accurately … Read more
Explosive | FL 4th DCA Reversal RE Affidavit of Indebtedness – GLARUM v LASALLE BANK NATIONAL ASSOCIATION
“I think a whole lot of summary judgments on these foreclosures are not valid because of this,” said Trawick, who is also concerned about how allegedly bogus affidavits will affect getting clear title to homes. “The real problem ahead of us is years to come when all these properties are being sold.” ~ Another Judge … Read more
The Market Ticker – Mass Joinder Update: Holy Moly
The Market Ticker – Mass Joinder Update: Holy Moly Wow. Ok, now it’s getting real. In the lead we have the “first report” from the receiver that went in under California’s aegis and seized files and such as I reported a while back. It’s a doozy; the key conclusion is here: But that’s not all, as they say. Oh … Read more
High court in Massachusetts upholds law aimed at blocking certain evictions from foreclosed homes
“Thomas Elkind, a lawyer in Boston for Fannie Mae, said that Fannie Mae did not bring the appeal because it is anti-tenant. The company appealed because it wanted clarification on how to deal with evictions that were started before the effective date of state law, he said.” ~ High court in Massachusetts upholds law aimed … Read more
House Full of Rats & Bank Don’t Care
“House full of rats” banner placed on Greenacres foreclosure Greenacres resident Lynn McGee is so frustrated about the lack of action taken at a vermin-infested foreclosed home next door to her that she put up a banner hoping to shame the bank into cleaning the place up. Like an untold number of foreclosures in Palm … Read more
