ProPublica – GMAC’s ‘Robo-Signers’ Draw Concerns About Faulty Process, Mistaken Foreclosures

GMAC’s ‘Robo-Signers’ Draw Concerns About Faulty Process, Mistaken Foreclosures by Marian Wang ProPublica Several states are investigating and others have ordered a freeze on foreclosures by Ally Financial’s GMAC mortgage unit after the company said last week it was suspending foreclosure evictions and sales in 23 states due to “a procedural error” that could require … Read more

This Just In!!! Video of the Deposition of Gmac’s Jeffrey Stephan???

[youtube=http://www.youtube.com/watch?v=6xONtoyJT60] A 30 minute video was just provided to me that appears to be some type of security video of a deposition… The audio quality isn’t great but if you turn up your speakers you should be able to hear the conversation… I pulled out a minute and a half clip to share with you … Read more

WOW – Robo-Signers / Affidavit Slaves Beware! The Media WILL Find You and Expose You to Your Neighbors

Wow.. Late night hat tip to Deontos.is on this one… ~ From the Washington Post… Stephan answered the door at his house late Tuesday wearing a T-shirt and shorts. He said only “No, thanks” before retreating inside. ~ While Stephan and other robo-signers often serve as anonymous bureaucrats foreclosing on homeowners across the country, they … Read more

NY Times Reports on GMAC, Foreclosure Fraud, Jeffrey Stephan, Fraudulant Affidavits and Assignments, and a National Moratorium on Foreclosures

Well, not yet… I hear that they are running a story on the whole foreclosure fiasco tomorrow that involves the events of today re GMAC.. As for the headline above, that is what I would lead off with, but hey, I’m just little ole’ 4closureFraud.org… Anyway, it will be interesting to see what they really … Read more

What can be done about the backlog of foreclosure cases in Palm Beach County (and other Florida counties)?

Palm Beach County’s backlog of cases is at about 53,500, which is fewer cases than earlier this year 1. Dismiss all cases filed after February 11, 2010, that do not include a verification in accordance with the Florida Supreme Court revised rules of Civil Procedure. The big foreclosure firms, particularly the Law Offices of David … Read more

REVENGE OF THE DEBTORS – WHO CAN LEGALLY ENFORCE A MORTGAGE AFTER A “LANDMARK” CASE

“These cases encourage debtors and other parties to defensively use the mortgage securitization servicing system to prohibit servicers and other non-lending parties from enforcing rights under a mortgage. This trend, if it continues, may have significant impacts for consumer-debtor lawyers, as well as law firms that enforce mortgages and participated in mortgage loan securitization.” “A … Read more

This Judge “Gets It” Indymac Bank F.S.B. v Yano-Horoski

Indymac Bank F.S.B. v Yano-Horoski “Upon the Court’s own motion, it is ORDERED that the Adjustable Rate Note in the amount of $ 292,500.00 dated August 4, 2004 made by Diana J. Yano-Horoski in favor of IndyMac Bank F.S.B. shall be and the same is hereby cancelled, voided, avoided, nullified, set aside and is of … Read more

Defective Paperwork Strips Mortgage Holder of Foreclosure Rights NO. 09-CV-10988-PBS

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. and COUNTRYWIDE HOME LOANS, INC., v WARREN E. AGIN, TRUSTEE, A Massachusetts federal judge has upheld a bankruptcy court ruling allowing a trustee to treat a mortgage as an unsecured claim, which strips the mortgage holder of foreclosure rights, because of defective mortgage paperwork. 4closureFraud http://4closurefraud.org/ [scribd id=22778345 key=key-1jjje7m579j9jz00vftk]