Neil Barofsky on U.S. Foreclosure Fraud Settlement (VIDEO)
Feb. 21 (Bloomberg) — Neil Barofsky, former special inspector for the U.S. Treasury’s Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about the settlement with U.S. lenders over foreclosure abuses. He speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.” ~ 4closureFraud.org Tweet
Irish Eviction Defense | Constitution Halts Sheriff
This was just sent to me (from Ireland?) On the 20 February 2012 the deputy Sheriff arrived at another Irish family’s home to repossess it and give the keys to the bank in Co Laois. Thus putting another Irish family onto the streets. People from http://DefendOurHomesLeague.ie http://ItsNotOurDebt.com http://FreedomFromAllDebt.com , http://UnitedLeftAlliance.org and everyone else that was … Read more
Price Check | An Example of the Cost of Securitization Fail and Fraudclosure to Retirement Funds, Pensions & Municipalities
Price Check A particularly determined opponent of fraudclosures refused to allow his constitutional property rights and his constitutional due process rights to be violated. He fought and fought and fought. Mr. Duvall’s case went all the way up to the Ohio Supreme Court, where the fraudclosing entity realized the weakness of their position and the … Read more
Eaton v. Federal National Mortgage Association | Massachusetts Home Seizures Threatened in Loan Case: Mortgages
Massachusetts Home Seizures Threatened in Loan Case: Mortgages Feb. 21 (Bloomberg) — The highest court in Massachusetts is poised to rule as soon as this month on a foreclosure case that could lead to a surge in claims from home owners seeking to overturn seizures. The justices are deciding whether to uphold a lower court … Read more
Video of Senate Judiciary Committee on Florida’s Fraudclosure Bill 2/20/2012 (REPLAY)
Click through to view I urge you to watch and listen to the video of Monday’s Senate hearing (http://www.flsenate.gov/Media/VideoPlayer.cfm?VideoPath=201202/sjud_022012.mp4) just after an exchange between Senator Richter and Senator Latvala at 33:18 on the video, Senator Latvala says: “…and perhaps there’s some people who don’t see a real reason to go out and get a good … Read more
Bill Black: Is Obama Getting Serious About Bank Fraud? (VIDEO)
Bill Black: Are Pres. Obama’s new measures effective or window dressing? ~ 4closureFraud.org Tweet
Foreclosure bill fight sharpens | Senate Judiciary Committee puts contentious legislation to streamline foreclosures on fast track
“the fact is the homeowner will be foreclosed on, because someone holds the note and the homeowner didn’t pay his mortgage” ~ Kathleen Passidomo ~ Foreclosure bill fight sharpens Senate Judiciary Committee puts contentious legislation to streamline foreclosures on fast track The bill tromps on the homeowner’s right of due process and gives a pass … Read more
Two Sets of Books | Loan Balance – MBS Report Conflicts with Servicer Affidavits Presented to Courts & Homeowners
Two Sets of Books This is a whole ‘nother kettle of stinking fish. Again, these insolvent banks prove that they are all making up these facts, sums, figures, and accounting tricks. Here is one example from a fraudclosure on Amos Delva’s home. There’s all manner of fraudclosure tactics involved, including unreported modification payments, magically appearing … Read more
Adam Levitin, Susan Wachter White Paper | The Commercial Real Estate Bubble
The Commercial Real Estate Bubble Adam J. Levitin Georgetown University Law Center Susan M. Wachter University of Pennsylvania – The Wharton School – Real Estate Department February 7, 2012 Georgetown Law and Economics Research Paper No. 1978264 Georgetown Public Law Research Paper No. 1978264 Abstract: Two parallel real estate bubbles emerged in the United States … Read more
Report | Alert To Problems Of Grossly Inaccurate Documents Used In The Land Title Underwriting For Commercial Real Estate Financing
Alert To Problems Of Grossly Inaccurate Documents Used In The Land Title Underwriting For Commercial Real Estate Financing From the report. Harbinger Analytics Group has discovered a widespread problem of inaccurate (and fraudulent) documents used in the land title underwriting for commercial real estate financing. This fraud is accomplished through inaccurate and incomplete filings of … Read more
Oregon | House Proposal Would Weaken Senate Foreclosure Protection Bills, Validate MERS Retroactively
The amendment would roll back a set of emergency regulations issued by Attorney General John Kroger last month. The rules brought mortgage servicers under the purview of the Oregon Unlawful Trade Practices Act, which gives homeowners another weapon in court and the right to recover attorneys’ fees if they win. It would also retroactively validate … Read more
Homes on the Homefront | Chase To Donate 100 “Bank Owned” Homes to Military, Wounded Warriors
Now don’t get me wrong. I’m all for homes being donated to our military members. I just have a problem that they were taken from another family to begin with. ~ Operation Homefront Launches “Homes on the Homefront” Program Chase To Donate 100 Homes and Support to Nonprofit SAN ANTONIO, Feb. 20, 2012 /PRNewswire-USNewswire/ — … Read more
How About Them Fraudsters? Former Cowboy Lockhart Faces 10 Years After Mortgage Fraud Conviction
How About Them Fraudsters? Former Cowboy Lockhart Faces 10 Years After Mortgage Fraud Conviction Lockhart was involved with real estate entities, some formed by him and Tisdale, which had names that were often derived in some fashion from a reference to the Dallas Cowboys, including America’s Team Mortgage; America’s Team Realty; America’s Team Funding Group; … Read more
They’re Still Trying to Spin This (Robosigning “Settlement”)
The Market Ticker – They’re Still Trying to Spin This (Robosigning “Settlement”) The stupid, the stupid, make it stop! The $25 billion mortgage settlement negotiated on Feb. 9 by the administration and 49 state attorneys general with five big banks has been greeted with considerable political suspicion. Conservatives see a shakedown and liberals dismiss it … Read more
Abigail Field | The Foreclosure Fraud Iceberg
The Foreclosure Fraud Iceberg U.S. Housing Secretary Shaun Donovan is playing Julie the Cruise Director on the Titanic, telling everyone ‘Don’t worry, there’s no icebergs in these waters. Really, if you see any floating ice in front of us, it’s not the visible tenth of a catastrophe to come.’ Unfortunately ice is visible, it is … Read more
Corrections Corporation of America (CCA) | Private Prison Company to Demand 90% Occupancy
Private Prison Company to Demand 90% Occupancy The nation’s largest private prison company is offering cash-strapped state governments to buy up their penitentiaries and manage convicted criminals at a cost-savings. But there’s a catch…the states must guarantee that are there are enough prisoners to ensure that the venture is profitable to the company. Corrections Corporation … Read more
