We have attached an excellent document produced by Reuters that gives a good overview of not only the problems with robo-signers but explains the facts surrounding missing mortgage paperwork that is suddenly found – albeit maybe with different signatures and fabricated legal affidavits. Click HERE —> Mortgage Mess Robo Signers Return – Reuters Report May [...]
Trying to understand the Mortgage & Robo Signer mess? Read this doc!!!
August 3, 2011 By Leave a Comment
MERS tries to hide. No more foreclosing in MERS’ name.
August 2, 2011 By Leave a Comment
In Texas we have noticed foreclosures in the name of MERS have suddenly become VERY rare. We haven’t run across one in several months. Does this mean MERS has vanished? Nope, but the mortgage servicers are downplaying the role of MERS and trying to shield MERS and themselves from the bright light. This means you [...]
The Fed levies $85M penalty against Wells Fargo
July 21, 2011 By 2 Comments
SHOCKER, not everyone in foreclosure “bought too much house” or “lied about their income on the loan application”. It turns out, that at times, Wells Fargo falsified records and changed borrowers loan applications or steered them into sub-prime profitable loans. “The order requires Wells Fargo to compensate borrowers affected by these practices.” To identify Wells [...]
MARS rule changes affect REALTORS
July 20, 2011 By Leave a Comment
Read the fine print! Although the FTC has agreed to forbear enforcing some provisions of MARS against REALTORS, this doesn’t mean that real estate agents are completely off the hook. What it does mean is that some of the more onerous and ridiculous record-keeping and disclosures requirements will not be pursued as violations…that is unless [...]
Bank of America to pay $8.5 Billion
June 30, 2011 By Leave a Comment
On the surface this looks like a win for the investors who lost billions when they bought lousy and in many cases FAKE mortgage backed securities. But the question for Henry Homeowner who is wrestling with his own mortgage woes is, what does this mean to me? Will I benefit from this “win”? I have [...]
Banks pay $125,000+ for each military member’s wrongful foreclosure
May 27, 2011 By Leave a Comment
HAPPY MEMORIAL DAY!! Finally! Bank of America coughs up $20 million and Saxon another $2.35 millionto members of the military who are victims of wrongful foreclosure actions. On average, Assistant Attorney General Tom Perez said victims in the Saxon case will receive an average of $130,555, while the Countrywide victims will receive about $125,000 each. [...]
Five Biggest Mortgage Firms Defrauding Taxpayers say Federal Auditors
May 18, 2011 By Leave a Comment
Bank of America, Chase, Wells Fargo, Citigroup and Ally Financial (GMAC) have been (and still are) cheating taxpayers by wrongfully foreclosing and then claiming millions of dollars in reimbursements from HUD, FHA & other governmental bodies for losses on mortgage loans. Why won’t you let the dog sniff your locker? As the article below shows, [...]
CBS 60 Minutes – Who really owns your mortgage?
April 4, 2011 By 9 Comments
Strange but true…bank AND attorney fraud. No surprise either that AHMSI is named! It’s bizarre but, it turns out, Wall Street cut corners when it created those mortgage-backed investments that triggered the financial collapse. Now that banks want to evict people, they’re unwinding these exotic investments to find, that often, the legal documents behind the [...]
ForeclosureHamlet.org aka Lisa Esptein’s Response to Nationwide Title Clearing Cease and Desist Letter
April 1, 2011 By Leave a Comment
The letter below shows EXACTLY how the banks and their lawyers try to twist the facts and scare homeowners as well as consumer advocates into accepting their lies. The blogs referenced in this response letter are credible and valuable in the foreclosure defense arena. Statements like: “A paralegal at the now defunct law firm of [...]
Foreclosures backed up like stinky sewer
March 29, 2011 By Leave a Comment
For those in the Greater Houston area that have cash out refinances or home equity loans which are in default you may be wondering why the bank isn’t trying to foreclose. Guess what…they are trying to foreclose but they are behind. Our office has been tracking the number of foreclosure applications that are submitted by [...]
