EDITOR’S NOTE: AS MY LAUNCH POINT I AM USING THE FOLLOWING COMMENT POSTED TO THIS BLOG. I’M NOT SURE WHO ACTUALLY ORIGINATED MOST OF THE ORIGINAL LANGUAGE FOUND BELOW BUT WHOEVER IT WAS, THEY KNOW WHAT THEY ARE TALKING ABOUT. Almost everything done during this mortgage fraud was accomplished through the use of electronic media. [...]
I had occasion to respond to an inquiry and after reading it i thought this might help a few people on a number of levels. So here it is: ——– August 20, 2010 by Neil F Garfield HI there!. I received an inquiry that was forwarded to me about your “title review.” Since this has [...]
From Gregg Christoff, who apparently doesn’t like what I have to say and thinks I don’t know what I’m talking about —- Ok, no offense but this Garfield has no clue what he is talking about in this article. Let me tell you how YSP actually work. Typically banks send mortgage originators (lender) rates every [...]
Thank you Martha Nali: THIS IS IMPORTANT. Anyone with more information on this, please send it in or post it in the comments. Whether this act would have any effect on old transactions, is doubtful, but I would have to see the whole thing and get some comments before I made up my mind. I’m [...]
SUBSCRIBE/DONATE TO LIVINGLIES – JUST $9.95 PER MONTH TO SUPPORT THIS SITE CLICK THIS LINK TO DO LOAN SPECIFIC TITLE RECORDS SEARCH, ANALYSIS AND COMMENTARY START HERE —>LOAN SPECIFIC TITLE SEARCH Title * LOAN SPECIFIC Search of County Records Title ** REPORT on record activity with emphasis on loan documents Title *** Analysis and Commentary [...]
Having just received the transcript on this case, I find that what the Judge said could be very persuasive to other Judges. I am renewing the post because there are several quotes you should be using from the transcript. Note the intimidation tactic that Plaintiff’s Counsel tried on the Judge. A word to the wise, [...]
First they started with servicers bringing foreclosures, and that didn’t work. Then they tried MERS to bring foreclosures, and that didn’t work. Then they tried backdated, fabricated and forged documents from non-existent originators with signatures from phantom people as “limited signing officer” or “assistant vice president” and that is going down the drain. Now they [...]
In some cases, banks are attempting to renegotiate or modify their loans. For example, Midwest Banc Holdings offered to swap $84.8 million in preferred shares issued under the TARP program for $15.5 million in common shares, but that would have meant an 80 percent loss for U.S. taxpayers who are the investors in the loans.
Training Bulletin Number 2010-05 To: All MERS Members ` May 26, 2010 Re: Identifying Investors on MERS® System MERS® System Release 19.0 on June 14, 2010, will include Phase II of MERS® InvestorID. Phase I was introduced on June 19, 2009, to help our Members meet the requirements of the Helping Families Save Their Homes [...]
OK so you feel a little lost. That is because most of us are jumping in at the end of a long series of events and documents. The most important point for you to make in order to jar the Judge’s thinking is that the closing with the borrower took place in the middle of [...]
Editor’s Note: Hard to say which way this will go, but it SHOULD go negative for Moody’s, Fitch and Standard and Poor’s. This was appraisal fraud at the OTHER end of the lending chain. Investors were misled as to the value of the security not only because the home appraisals were inflated, and not only [...]
Judge Holloway clearly took some giant steps forward in both clearly explaining the application of law with respect to standing. But I think she was comparing apples and oranges when she came to the conclusion that she should not impose restrictions on the right to foreclose that were “greater than” those imposed by state law. [...]
Supercheap, few-questions-asked loans were a temptation even churches could not resist, but now they are paying for their mistakes as the debt crisis enters the house of God.
Foreclosure – Real estate – Business – Mortgage – United States
March 25, 2010
U.S. Plans Big Expansion in Effort to Aid Homeowners
By DAVID STREITFELD
The Obama administration on Friday will announce broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments.
Another element of the new program is meant to temporarily [...]
Owners of bad loans are increasingly making deals with borrowers to avoid a foreclosure. Lawmakers are more accepting of these solutions even if they mean the borrower loses the home.
Foreclosure – Loan – Business – Real estate – United States
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