Comments on: KABOOM – Georgia Foreclosure Fraud Class Action – Georgia Residents v Georgia Foreclosure Fraudsters

By: Trina Ruffins

Trina Ruffins — Mon, 29 Apr 2013 15:44:58 +0000

In reply to randy barnett. I filed a lawsuit and got an injunction. What state are you in now. Are you still in your house. 877-278-9333 ext 2

By: randy barnett

randy barnett — Thu, 10 Jan 2013 01:31:00 +0000

i was forced into foreclosure by boa and tryed to resovle the problem after five days of getting a letter i was locked out of my home some one help what can i do

By: Karen Soules

Karen Soules — Tue, 06 Dec 2011 16:01:03 +0000

I have just come across this while looking for any class action suit involving Bank of America, N.A. and their loan modification sham. I got a letter in the mail from a law firm? stating that my home is in foreclosure now, but there is no case number provided and they won’t call me back on it. Meanwhile, suspecting shady activity from Bank of America on my modification application, I sent BofA a Qualified Written Request asking them for information on the modification because I had provided them with everything they asked for but heard nothing from them. I just got a denial in the mail stating I didn’t provide all the documents, which I did and have fax confirmations to prove it. I am near hysteria, going through a divorce, struggling with two disabilities, little food – I’m sure, the same as what most are experiencing – and I don’t know where to turn or who to contact. Do you have any suggestions on where I can go or who I can turn to?

By: Marilyn Abdilla

Marilyn Abdilla — Sun, 13 Feb 2011 06:47:43 +0000

In reply to RAMONA.

Ramona…It’s not the quanity of crooks that count…it’s the quality. Fear none…hope has more strength. We are heading for the forefront and gaining speed….time to put more coal on the fire to keep the ‘heat’ burning hot. Chin up..someday we will be dancing in the streets………

By: Me

Me — Wed, 17 Nov 2010 11:20:33 +0000

In reply to Stupendous Man – Defender of Liberty – Foe of Tyranny.

Fraud is one thing but why should the people live in these houses for FREE. If i have to pay they got to take resposibilty and pay alos.

By: RAMONA

RAMONA — Wed, 17 Nov 2010 05:56:18 +0000

In reply to J A. thanks you gave me more hope!!!

By: Mike

Mike — Mon, 15 Nov 2010 21:35:33 +0000

Geez. I was just reading a bit farther down into that Fannie Mae memo that I linked above, and it also addresses MERS. This seems like a big deal, too. (But this memo is old–it’s from August.) I wonder if Freddie Mac is saying the same thing…..

https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2010/svc1010.pdf

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“Announcement SVC-2010-05, Miscellaneous Servicing Policy Changes, provided that effective with foreclosures referred on or after May 1, 2010, MERS must not be named as a plaintiff in any foreclosure action, whether judicial or non-judicial, on a mortgage loan owned or securitized by Fannie Mae. The Announcement further stated that the assignment from MERS to either the servicer or Fannie Mae must be recorded before the foreclosure begins.
Fannie Mae is clarifying the requirement that the assignment from MERS to the servicer or Fannie Mae be recorded before the foreclosure begins in certain circumstances as set forth below. This revised guidance replaces in its entirety that set forth in Announcement SVC-2010-05.

Effective May 1, 2010, MERS must not be named as a plaintiff or foreclosing party in any foreclosure action, whether judicial or non-judicial, on a mortgage loan owned or securitized by Fannie Mae. When MERS is the mortgagee of record, the servicer must prepare an assignment from MERS to the servicer and bring the foreclosure in its own name unless Fannie Mae specifically allows the foreclosure to be brought in the name of Fannie Mae. In that event, the assignment must be from MERS to Fannie Mae, in care of the servicer at the servicer’s address for receipt of notices. The assignment must be prepared and executed before the foreclosure begins.” (SEE my link to the actual memo to read the rest of the exceptions, stipulations etc.)

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So…..we don’t have problem with that whole assignment being made from MERS to the servicer thing? Two entities who don’t own the loan assigning the loan. That’s okay? Who says that’s okay? That’s not okay.

By: Mike

Mike — Mon, 15 Nov 2010 20:50:56 +0000

I just stumbled upon this memo from Fannie Mae that was written in August. If I am reading it correctly, Fannie seems to be (basically) cutting out the intermediaries. (Like LPS and Prommis.) If that is the case–it is going to be very hard for the foreclosure mills to continue to make money on foreclosures. Foreclosure mills are only set up to do these foreclosures via the MSPs (mortgage servicing platforms) that are offered through companies like LPS and Prommis.

Will someone else take a look at this to see if I am misunderstanding this? Isn’t this a really big deal?

https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2010/svc1010.pdf

(Here is a portion of the memo):

“Effective September 1, 2010, Fannie Mae is imposing a limit of $25.00 per loan for the life of a default (including all portions of the foreclosure and bankruptcy process) that any attorney or trustee handling a Fannie Mae mortgage loan may pay for technology charges. This amount is not to be charged as a cost to the borrower and will not be reimbursed by Fannie Mae.
In addition, effective September 1, 2010, the maximum amount any attorney or trustee handling a Fannie Mae mortgage loan may pay for the submission of electronic invoices is limited to $10.00 for the life of the loan, regardless of the number of reinstatements, foreclosure referrals, bankruptcy filings or invoices submitted. The maximum fee is $5.00 for the submission of electronic invoices relating to a foreclosure (regardless of the number of invoices) and an additional $5.00 for the submission of electronic invoices if a bankruptcy is filed on the same loan (regardless of the number of invoices). These fees are not to be charged as a cost to the borrower and will not be reimbursed by Fannie Mae.
Any amounts charged by third-party vendors for technology charges or electronic invoice submission in excess of these limitations are the responsibility of the servicer and will not be reimbursed by Fannie Mae.”

By: mAGGIE SIMI

mAGGIE SIMI — Mon, 15 Nov 2010 05:25:40 +0000

In reply to RAMONA.

RAMONA WE HAVE AR ARMY OF FEDS AND DA S IN FLORIDA WORKING ON MORTGAGE FRAUDE AND FORECLOSURE FRAUD……….TRUST ME!!!!

By: Flex

Flex — Mon, 15 Nov 2010 05:22:41 +0000

Californians,
This is our chance to learn how a non-judicial state fights back. Georgia like California is a non-judicial state and therefore, the banks don’t have to take you to court, due to a clause in the Deed of Trust, called the “Power of Sale”. You may need to do some research as far as the laws in California or consult with an experience Attorney regarding property law.
I suggest to read this story and download the case. Study it to its entirety and develop a plan of attack against the banksters and their law firms along with their foreclosure mills. There are plenty of evidence out there already and as the story develops is building momentum. I have not heard of many cases in California for the last couple of years. People are getting the confidence to suit the servicer, the lender, or anyone who is taking their homes illegally.
Many developments are coming in the next few weeks, specially after the hearings that are scheduled this month. Many law suits are also coming against many banks and possibly Title companies for issuing clean titles to lenders that foreclosed millions of homes in the last 3 years illegally.
I heard only of one case last week of a TRO, Temporary Restraining Order. This is not a milestone, but just a start of a new trend. Look out for more information about this case as it develops. Good luck and God Bless!