Another Manufactured Default? Bank of America Program Allows Owners to Stay in Homes and Rent From the Bank
“Borrowers selected for the program must be at least two months past due on their mortgage and face considerable risk of foreclosure. Bank of America is reaching out to borrowers who have exhausted other alternatives to foreclosure or who haven’t responded to earlier solicitations. Homeowners with second mortgages or other liens won’t be selected.” ~ … Read more
Robo-stamped | Full Deposition of Michele Sjolander Executive Vice President of Countrywide Home Loans
Q – I mean, have you ever personally, you know, with a pen signed an endorsement on a promissory note? A – No. Below is the full deposition of Michele Sjolander, an alleged Executive Vice President of Countrywide Home Loans, Inc. Her stamped signature “appeared” on the promissory note late in the lawsuit with Bank … Read more
Toxic Titles | Imagine buying a home, putting money into it, then months later finding out you don’t really own it.
Home wrongfully sold in Livingston County Imagine buying a home, putting money into it, then months later finding out you don’t really own it. Seems crazy, but it happened to a Mount Morris couple. Apparently, Livingston County sold them a home claiming it was foreclosed on, but in reality the bank had the rights to … Read more
North Carolina Court of Appeals | T.D. Bank, N.A. v. Mirabella – Summary Judgment Improper In Suit On Defaulted Note Where Creditor Fails To Prove Merger With Predecessor
TD BANK, N.A. v. MIRABELLA TD BANK, N.A., Plaintiff, v. SALVATORE MIRABELLA, Defendant.No. COA11-1178.Court of Appeals of North Carolina. Filed: March 20, 2012. Defendant appeals an order granting summary judgment in favor of plaintiff. For the following reasons, we reverse and remand for further proceedings consistent with this opinion. I. BackgroundOn 8 December 2010, plaintiff … Read more
HB 237 | Georgia Senate Unanimously Approves Bill Criminalizing Foreclosure Fraud
PRESS ADVISORY Wednesday, March 21, 2012 Georgia Senate Unanimously Approves Bill Criminalizing Foreclosure Fraud Today, the Senate unanimously approved HB 237, legislation that will make foreclosure fraud a crime in Georgia. Currently, Georgia law criminalizes fraud during the mortgage process, but specifically does not penalize similar fraud on the back end of the loan – … Read more
A.G. Schneiderman Announces $4 Million Settlement With New York Foreclosure Law Firm Steven J. Baum P.C. And Pillar Processing LLC
The Baum firm put out a statement that expressed relief at having reached a settlement but also challenged some the claims made by the attorney general. “As the firm finalizes the process of closing, it is relieved to bring this matter to a conclusion,” said Elkan Abramowitz of Morvillo, Abramowitz, Grand, Iason, Anello & Bohrer, … Read more
Federal Reserve Bank of Dallas Annual Report | Choosing the Road to Prosperity – Why We Must End Too Big to Fail
Choosing the Road to Prosperity – Why We Must End Too Big to Fail—Now The too-big-to-fail institutions that amplified and prolonged the recent financial crisis remain a hindrance to full economic recovery and to the very ideal of American capitalism. It is imperative that we break up the big banks. Here’s the full letter from … Read more
BELL v COUNTRYWIDE | Latest Foreclosure Ruling Sides with Utah Homeowners, BofA’s Recontrust Unit can’t Rely on Texas Law
Latest foreclosure ruling sides with Utah homeowners Lawsuit » In split with other judges, jurist says BofA unit can’t rely on Texas law Contrary to the findings of two other federal judges in Utah, U.S. District Judge Bruce Jenkins has ruled that Bank of America must follow state law when it forecloses on homeowners in … Read more
COMPLAINT | PLYMOUTH COUNTY, IOWA v MORTGAGE ELECTRONIC REGISTRATION SYSTEMS – Plymouth County Sues MERS Over Mortgage Recording Practices
Plymouth County sues over mortgage recording practices LE MARS, Iowa — Plymouth County has filed a class-action lawsuit against a national electronic mortgage registry company it says has enabled banks to avoid paying Iowa mortgage recording fees. Plymouth County Attorney Darin Raymond filed the suit on behalf of all 99 Iowa counties against MERSCORP Holdings … Read more
Sand Canyon Sues American Home Mortgage Servicing for Making it Too Easy for MBS Trustees and Insurers to Get Hold of Underlying Loan Files
“In short, Sand Canyon is claiming that it has bought American Home’s complicity in a scheme to help Sand Canyon escape liability to the trustees and investors to whom it sold mortgage loans,” the American Home brief said. “But American Home is not Sand Canyon’s accomplice in such a scheme.” ~ New MBS twist: Sand … Read more
Terminated CBO Fraudclosure Whistleblower, Lan T. Pham, Exposes Deep Conflicts At “Impartial” Budget Office
Terminated CBO Fraudclosure Whistleblower Exposes Deep Conflicts At “Impartial” Budget Office Below is her full story Following the Wall Street Journal story, “Congress’s Number Cruncher Comes under Fire,” I realized that the true nature of the issues would not come out. Therefore, I am making public the letter that I wrote to Senator Grassley (Feb. … Read more
“End of the Road – How Money Became Worthless.” Teaser Video
Is the financial crisis over, or are we heading towards disaster? End of The Road portrays eleven influential commentators within the finance and investment communities, as they share their knowledge of our current financial structure. Through each of their narratives, a story is built which chronicles the current economic dilemma and paints a picture of … Read more
The American Sweatshop | An Infographic Of The Online Retail Warehouse Temp Job
Brought to you by: Business Insurance Guide ~ 4closureFraud.org Tweet
Action Alert | Opponents to Challenge Rep. Passidomo on Foreclosure Bill in Front of the Law Office of Passidomo’s Husband in Naples
“Both challengers will need to battle the advantages of incumbency, like name recognition and cash. Richter’s campaign has collected $559, and Hughes’ has $100 for the November campaign, according to finance reports. So far, Passidomo has collected $71,357 in cash.” ~ Opponents challenge Rep. Passidomo on foreclosure bill Political opponents of a Naples state legislator … Read more
WikiLeaks | Julian Assange Will Run for the Australian Senate
~ 4closureFraud.org Tweet
Former Chief Financial Officer, Delton de Armas, of Taylor, Bean, & Whitaker Pleads Guilty to Fraud Scheme
Former Chief Financial Officer of Taylor, Bean, & Whitaker Pleads Guilty to Fraud Scheme WASHINGTON—Delton de Armas, a former chief financial officer (CFO) of Taylor, Bean, & Whitaker Mortgage Corp. (TBW), pleaded guilty today to making false statements and conspiring to commit bank and wire fraud for his role in a more than $2.9 billion … Read more
