We can hope that the apparent inconsistent portions of the findings and decision will be brought before a higher court. This show should not be over yet. I hope that Michigan lawyers upon learning of the publication of a notice of sale would start an action to clear title. Perhaps such an action would hold up the sale without the need to file bankruptcy and allow for a reasonable and proper judicial disposition.

What ever happened to loan modifications as mandated in TARP in Michigan?

How can First Franklin own this loan? It seems to me that we have a new conundrum – where the beneficial interest has been divided from the legal title of the note. Any comments???

I heard about this today on Bloomberg news that AIG now wants to invest in European RMBS’s. They have a gambling sickness up on foreign owned and operated Wall Street and continue to party on. AIG is not American owned, it is a foreign owned and operated multnational corp. Let the World Bank/VATICAN/JESUITS bail the bastards out next time, they own them. The American people want to purge themselves of all of this evil and declare our National Sovereignty from this ongoing foreign owned and operated Multinational enterprise A/K/A THE U.N.NEW WORLD ORDER. DEATH THE THE FOREIGN MULTINATIONAL TYRANNY!!

Page 7, last paragraph, 3rd sentence:

“The Court grants Defendants’ Motion for a judgment of foreclosure, in favor of First Franklin…”

So Hendricks made some good arguments and the court seemed to rule on them appropriately. The court also granted foreclosure to First Franklin so Hendricks lost his property anyway, just to another party.

Speaking of TBTF, AIG is searching for more tax-payer bailouts…check this out.

“Just when one thought every imaginable taxpayer bailout scheme had been seen, experienced and in many cases, forgotten, here comes AIG once again. The specifics come from Deutsche Bank’s Joshua Shanker initiation of coverage report on AIG (naturally with a Buy rating, $34.00 target price), where within the fine print he notes: “the company believes there may be bargains available from buying RMBS securities from European banks seeking better positioning under Basel III requirements. ” Prudently, he adds: “We note that increased yield, in this regard, also carries with it increased risk.” Translated this means that AIG is about to do for European banks what the ECB so far has been unwilling and/or unable: namely to transfer the risk associated with European banks’ massive ongoing exposure to the continuously collapsing US housing market back to the US taxpayer, in the form of AIG, which was bailed out once, and which will certainly be bailed out again, when the time comes.”

http://www.zerohedge.com/article/us-taxpayers-about-be-saddled-another-european-bailout-courtesy-aig

Elections are coming.