Palm Beach County Foreclosures: The Pursuit of NON-Performing Mortgages in 2009 by Bank of America & Deutsche Bank

By Lynn E. Szymoniak, Esq., Ed., Fraud Digest, August 23, 2010 In 2009, Bank of America filed 3,200 foreclosure actions in Palm Beach County; Deutsche Bank National Trust Company filed 2,375  foreclosure actions. Most of these foreclosure actions were filed on behalf of mortgage-backed trusts. The county records show that at the same time these … Read more

No Federal Preemption by a Trustee of a Mortgage Backed Security Trust from Senior Counsel of the Office of the Comptroller of the Currency

From the letter… Discussion Pursuant to 12 U.S.C. § 371, national banks may “make, arrange, purchase or sell loans or extensions of credit secured by liens on interests in real estate, subject to * * * such restrictions and requirements as the Comptroller of the Currency may prescribe by regulation or order.” The OCC’s real … Read more

Omnibus Hearing held 6/24/2010 in Delaware for New Century Mortgage & Home123

The Floodgates are about to open for homeowners who were victimized by New Century Mortgage or Home123 Corporation… Floodgates [scribd id=33664443 key=key-29yi1nx6kdt28ojsa3aw mode=list]

An Open Letter to Sheila Bair of the Federal Deposit Insurance Corporation FDIC RE Foreclosures

This one comes from J in CO over at The NATIONAL WAMU HOMEOWNERS SUPPORT GROUP AN OPEN LETTER TO SHEILA BAIR Posted by J in CO View J in CO’s blog This is my attempt to ask the Chair of the FDIC why they tout to be attentive to consumer protection and integrity and yet … Read more

What Do You Owe and to Whom Do You Owe It? California Civil Code 2924

By George W. Mantor RISMEDIA, June 8, 2010—“Produce the Note” foreclosure defense strategies have given some people hope, albeit false in many cases, in defending their homes against unlawful foreclosures. Note that in 30 states there is no judicial review of the foreclosure documentation and no opportunity to raise the issue of standing unless the … Read more

REVERSED – North Carolina Court of Appeals in the Matter of the Foreclosure in Re Adams

It seems like EVERY DAY we are finding more and more of these rulings from the appellate courts… Great work Foreclosure Fighters!!! NO. COA09-1455 NORTH CAROLINA COURT OF APPEALS Filed: 1 June 2010 IN THE MATTER OF THE FORECLOSURE of a Deed of Trust Executed by Hannia M. Adams and H. Clayton Adams, Dated October … Read more

IRS Form 938 – I Have No Idea If This Is Important But It Sure is Curious

From Matthew Weidner Sometimes this all becomes a bit too overwhelming, trying to unravel this whole foreclosure cataclysm.  This is so far beyond the simple situation where a borrower borrows money from a bank and doesn’t pay….that bank is clearly entitled to their money back. I’m a fairly bright guy with a good education and … Read more

Deadbeat or Not? You Decide! Re: Lehman Brothers Holdings, Inc.

From the Hamlet Again, let’s revisit that “deadbeat borrower” stigma again. The pervasive yet hollow-toned propaganda aimed at diverting attention from the real perpetrators of the biggest scam in the history of the world by blaming the family whose scheming ways had them planning and executing the downfall of the global economy (and even worse, … Read more