Robo-Signings Not the Only Issue Facing Housing Industry by Jann Swanson on Email Page | Print | Bookmark | Tweet This – New! ——————————————————————————– Bank of America (BOA) and GMAC announced Tuesday that they were resuming the prosecution of foreclosures following several weeks of a self imposed moratorium. The moratorium in BOA’s case extended to […]
“… maybe the crisis will make the banks realize that they ought to be doing fewer foreclosures and more loan modifications — sensible adjustments that allow deserving families to stay in their homes. And if this happens, we’ll have the lawyers to thank. “These may be technicalities, but there’s nothing mere about them. For one […]
October 20, 2010 By GRETCHEN MORGENSON and ANDREW MARTIN About a month after Washington Mutual Bank made a multimillion-dollar mortgage loan on a mountain home near Santa Barbara, Calif., a crucial piece of paperwork disappeared. But bank officials were unperturbed. After conducting a “due and diligent search,” an assistant vice president simply drew up an […]
EDITOR’S COMMENT: While I commend the reporting and the acts by Judges, lawyers and government officials, they still don’t “get it.” The presumption is that the homeowner owes the money that the servicer says is due. That is a lie. Thus the assertion that the homeowner is in default is also a lie and so […]
Law Expert: MERS Mess Could Have “a Massive Effect on the Economy.” By: David Dayen Monday October 18, 2010 8:00 am Tweet72 Share6 So I had a pretty incredible conversation last night with Christopher Peterson, the law professor and Associate Dean for Academic Affairs at the University of Utah, who wrote two illuminating Law Review […]
EDITORS COMMENTS: If anyone thinks that the latest news that the notes and mortgages were never placed into the trusts is going to help homeowners, I have some ocean front property in Arizona I’d like to show you. Virtually every mortgage from 2001 – 2008 is defective and cannot be foreclosed. If it cannot be […]
October 15, 2010 By RON LIEBER Are you out of your mind to even consider buying a foreclosed property right now? Todd Phelps and Paul Whitehead didn’t think they were last month when they were the winning bidders in a foreclosure auction on the steps of the main Riverside, Calif., county courthouse. They thought they […]
What should happen when it becomes apparent that there’s no obligation under the note? What about all the people whose lives have already been destroyed by an unlawful foreclosure? Where is the justice for them? The Foreclosure Mess “Homeowners can only be foreclosed and evicted from their homes by the person or institution who actually […]
Foreclosure defense attorneys all across the country have been saying for years that the loans never made it into the trusts. Judge’s didn’t want to hear it. Attorneys for the Trusts made the defense attorney out to be a nut job. Well now we all know that it’s true. Not one single mortgage, deed of […]
Due to the “mortgage frenzy” that occurred between roughly between 2003 – 2008, there may be irregularities, defects and even illegality with regards to the solicitation, and underwriting of your mortgage, as well as the mortgage note itself. It is precisely for this reason that when confronted with the threat of foreclosure on your home, […]