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Assignments: Why Were They Needed?
Since the entire scheme was based upon using money advanced by investors, why are they not the beneficiaries on the mortgage or deed of trust and why were they not the payee on the note? The investors...
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MERS Bashed Again as Not Owning Anything
Therefore they cannot convey any interest in a note, mortgage, debt or obligation since they expressly do not own it and in fact openly disclaim it. And stating the obvious the decision says that that...
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Just Say No
The notion that nobody is going to approve of borrowers getting a free house is a myth. It isn’t up to anyone but the people who own those homes. If given the choice they would negotiate in good faith....
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LINKING SECURITIZATION AND TILA
NOTE: Working on one of my expert declarations I figured I would share my computations with the readers. In order to protect privacy I am deleting any identifying information. In this case there was a...
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Talk About a Guy Who Gets It – “Anonymous?”
As some of you knew or probably have guessed, livinglies is a lightening rod for information. We have posts like the one below on the comments and emails sent with details that are neither for...
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REMIC EVASION of TAXES AND FRAUD
I like this post from a reader in Colorado. Besides knowing what he is talking about, he raises some good issues. For example the original issue discount. Normally it is the fee for the underwriter....
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HERE IS SOMETHING YOU CAN DO–MAKE ELIZ. WARREN HEAD OF BCFP
WHAT IS ABOUT TO HAPPEN: The appointment of the head of the Bureau of Consumer Financial Protection recently created by the new federal legislation on financial reform. Elizabeth Warren and Mary...
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Actual Fraud and Constructive Fraud and Other Fraud
From M. Solimon Editor’s Note: Pretty Good Entry From M. Solimon discussing aspects of fraud. I would add the following: FRAUD: A false statement wherein the speaker knows it is false, intends for it...
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FLA State probes whether three law firms falsified foreclosure documents
Editor’s Note: The REAL BOTTOM LINE POINT is not some technicality wherein the paperwork wasn’t done right, which frankly is reason enough to deny the foreclosure, it is that this “technical”...
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Short Sale Lease-Backs Make Total Sense – Fannie, Freddie and Servicers Are...
Attention Taxpayers: There is a solution to the foreclosure crisis that is destroying our country. It keeps people in their homes, doesn’t cost taxpayers a dime, and actually makes the banks more...
View ArticleWhy the REST Report and NPV Analysis is what you need for HAMP Loan...
By Lane Houk THE REST REPORT IS a report generated by the REST software platform, which is a loan disposition analysis system that, in limited different formats, is used by major banks and mortgage...
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I Need YOU! I need your stories….
The gig is up. The word is out. The national press is on the scene. Now they need real examples of the horrors of the foreclosure courtroom. My problem is I have few horror stories to share....
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DAVID J. STERN REPLACED AS CHAIRMAN OF DAVID J. STERN ENTERPRISES!
According to a news release, David J. Stern has been replaced! OH NO! How can the company that bears one’s name function without the man behind the name? Whoever will be in charge of performing the...
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The REST Report Matters at REST Report Matters
By now, I would think, most of my readers know that when homeowners ask me questions about today’s loan modification process, I tell them that, if it were me… and it certainly could be one day… I’d...
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Investor and Institutional Lawsuits Offer Keys to Defending Homeowners in...
We all know that most, if not all, of the subprime lenders that were originating the loans we are now defending for homeowners were engaging in various degrees of widespread fraud and deceit in order...
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Buffett’s Berkshire Hathaway owes $1 billion in back taxes
Rich. C’mon, IRS. “Stop coddling the super rich.” Contrive to successfully extract the taxes they already owe. Mr. Buffett, I barely want to waste my breath on your blatant hypocrisy. And, Mainstream...
View ArticleFreddie Mac Fires Marshall C. Watson, but Fannie Mae Continues to Use Firm...
Fannie Mae was told about foreclosure abuses by an investor as early as 2003. The concerns were backed up in a 2006 report commissioned by Fannie that found “foreclosure attorneys in Florida are...
View ArticleBulldoze ‘Em | Banks turn to demolition of foreclosed properties to ease...
It’s real, it’s happening and it’s coming to a city near you… Some infuriating quotes from the article… “It often has become cheaper to knock down decaying homes no one wants.” “It feels great that...
View ArticleA Letter from Goldman Sachs Concerning Occupy Wall Street
A Letter from Goldman Sachs Concerning Occupy Wall Street NEW YORK (The Borowitz Report)– The following is a letter released today by Lloyd Blankfein, the chairman of banking giant Goldman Sachs: Dear...
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The World of the Investor with Attorney Talcott Franklin – A Mandelman...
WHAT’S THE DEAL WITH INVESTORS? WHO ARE THEY? ARE THEY LOSING MONEY ON FORECLOSURES? What do the investors think about all these foreclosures? What’s the relationship like between investors and...
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