Taxpayers Foot the Bill for Bank Foreclosure Costs in $1 Billion Homeowner Help Plan
“Even though it’s a good intentioned program, it is a funnel to the banks. The end result seems to be the banks get the money and the homeowner doesn’t get the house.” ~ Taxpayers foot the bill for bank foreclosure costs in $1 billion homeowner help plan Banks are getting tens of millions of taxpayer … Read more
The Most-Corrupt Administration Ever?
The Market Ticker – The Most-Corrupt Administration Ever? Let’s see how I do with the list. Fast And Furious (guns for drug lords, resulting in murder of Americans and Mexicans) Robosigning (over 100,000 perjured affidavits filed in court cases) IRS Tea Party and other group and individual abuse in direct violation of the law (politically-based harassment … Read more
WAPO: The Slow-Going Process of Compensating Victims of Fraudclosure
Behind the mortgage settlements from the housing crisis Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to the millions of victims of discrimination and shoddy lending that epitomized the housing crisis, according to a Washington Post analysis … Read more
Trial This Morning at 9am. Going for the Jugular Right from the Start!
Trial This Morning at 9am. Going for the Jugular Right from the Start! Cross-posted from the Law Offices of Evan M. Rosen For all those who like reading about courtroom drama and complete incompetency by the Plaintiff’s bar, ENJOY! ~ If you are in South Florida and are looking for help with debt, foreclosure, real estate or want more information about bankruptcy law, call (754) 400-5150 or fill out … Read more
Now UCC Me, Now You Don’t: The Massachusetts Supreme Judicial Court Ignores the UCC in Requiring Unity of Note and Mortgage for Foreclosure in Eaton v. Fannie Mae
Now UCC Me, Now You Don’t: The Massachusetts Supreme Judicial Court Ignores the UCC in Requiring Unity of Note and Mortgage for Foreclosure in Eaton v. Fannie Mae Abstract: On June 22, 2012, in Eaton v. Federal National Mortgage Association, the Supreme Judicial Court of Massachusetts upheld a trial court ruling and held that an … Read more
It’s Alive! Dexia’s $775 mln MBS case vs JPMorgan Back From the Dead
It’s alive! Dexia’s $775 mln MBS case vs JPMorgan back from the dead Here is how U.S. Senior District Judge Jed Rakoff led off his blockbuster ruling Friday in Dexia’s mortgage-backed securities case against Bear Stearns successor JPMorgan Chase: “Those who don’t believe in ghosts have never been in court, where legal claims are regularly … Read more
Please Take Me
“Please Take Me” One of the most heartbreaking sides of the foreclosure crisis is the separation of people from their pets. The fortunate among us are able to take our pets with us when we’re forced to move. Others find a temporary home for their animal friends until they can be reunited again under better … Read more
‘Moral Issues’ Lead Banks to Refuse Porn Stars Bank Accounts and Loans
‘Moral issues’ lead banks to refuse porn stars bank accounts and loans Porn stars are being turned away by banks because of ‘moral issues’ Several adult entertainment stars have been rejected by major banks Lawsuit will now decide whether such decisions are discriminatory Adult entertainment industry worth $14 billion a year Being a porn star … Read more
N.Y. AG Revising Foreclosure Settlement Complaint Against B of A, Wells
N.Y. AG Revising Foreclosure Settlement Complaint Against B of A, Wells Documentation failings: they aren’t just for bankers. New York Attorney General Eric Schneiderman is revising his allegations of foreclosure settlement violations by Wells Fargo (WFC) and Bank of America (BAC), resetting the clock on his plans to sue the banks over 339 alleged servicing … Read more
The Foreclosure Crisis Puzzle: Navigating the Changing Landscape of Foreclosure
The Foreclosure Crisis Puzzle: Navigating the Changing Landscape of Foreclosure (ABA CLE Session was 4.26.2013; BUT HERE IS THE WRITTEN MATERIAL) This program will focus on the cutting-edge litigation in residential foreclosures and the evolution of the requirements necessary to foreclose—specifically, on the evolving requirements of assignments of the mortgage and possession of the note … Read more
Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny
Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny Wells Fargo (WFC) and Citigroup (NYSE:C) have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency. The abrupt slowdown came in response to the OCC’s April release … Read more
Independent Foreclosure Review Payments Approach $2.2 Billion
Independent Foreclosure Review Payments Approach $2.2 Billion WASHINGTON—More than 2.4 million checks related to the Independent Foreclosure Review have been cashed or deposited for nearly $2.2 billion through May 16, 2013. To date, more than 3.9 million checks, totaling more than $3.4 billion, have been sent to eligible borrowers. The first wave of checks was … Read more
Thousands of Days Late, Billions of Dollars Short: OCC – Correcting Foreclosure Practices
i Correcting Foreclosure Practices Payments to Eligible Borrowers Begin April 12 Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal Reserve Board with 13 mortgage servicers. The agreement, which was reached earlier this year, provides $3.6 … Read more
Motion To Disqualify A Judge – Is Setting A Foreclosure Trial Violating The Court’s Neutrality?
Motion To Disqualify A Judge- Is Setting A Foreclosure Trial Violating The Court’s Neutrality? Courts all across this State of Florida have set themselves into the role of prosecuting cases for Plaintiffs. If a case has not been “moving toward resolution”, the court will in fact move that case toward trial and resolution for that … Read more
US BANK: Lawsuit to Take Aurora Woman’s House is Guaranteed
Lawsuit to take Aurora woman’s house is guaranteed, bank says The owners of an Aurora woman’s mortgage said they absolutely will file a foreclosure lawsuit to take her house because of claims that Colorado’s public trustee process is unconstitutional. In a request to dismiss a federal lawsuit against them, lawyers for U.S. Bank on Thursday … Read more
Home Foreclosure Rates are Comparable to the Great Depression
Have As Many People Lost their Homes as During the Great Depression? by WashingtonsBlog The San Francisco Chronicle notes that it is difficult to keep track of foreclosure rates now … let alone during the Great Depression: Foreclosure rates of the late 2000s are often compared with those of the Great Depression, which took place … Read more
Wells Fargo, QBE to Pay $19M to Settle Force-Placed Insurance Lawsuit
Wells Fargo, QBE to Pay $19M to Settle Force-Placed Lawsuit Wells Fargo and insurer QBE have agreed to pay $19.3 million to settle claims that they overcharged homeowners in Florida on lender-placed insurance policies. The proposed pact, filed Monday with the U.S. District Court in Miami, would resolve a lawsuit filed in April 2011 that … Read more
Wells Fargo Forecloses on Florida Man Who Paid on Time, Early
A man who made loan modification payments on time and early said Wells Fargo stopped taking payments and started foreclosing on his house. ~ 4closureFraud.org Tweet
Facing Foreclosure And Eviction, Family Finds Winning Lotto Ticket
Facing Foreclosure And Eviction, Family Finds Winning Lotto Ticket GENEVA, Ill. (CBS) – The timing couldn’t have been better for a family from north suburban Geneva when they hit the jackpot after finding some old Lotto tickets stuffed in a cookie jar. Earlier this month, Ricardo Cerezo said his wife was cleaning the kitchen in the … Read more
South Florida Garbage-Truck Drivers Now Trained to ‘Watch Your Back’
350 garbage-truck drivers from Palm Beach County to the Treasure Coast now trained to watch your back They troll streets in the wee hours, they know the neighborhoods and they know when something’s amiss. And now they want you to know, the garbage man has got your back. With the support and blessing of several … Read more
