Judge threatens jail time for bankers

Flagstar Bank, GMAC, PNC Bank, SunTrust Bank, U.S. Bank and Wells Fargo must be “special” as they apparently don’t think they need to show up to court. Miami-Dade Circuit Judge Jennifer Bailey was hopping mad at the lack of respect shown her court by these banks.   She warned, “You may be held in jail up [...]

Is the foreclosure halt a mirage?

This is very troubling.  Every foreclosure attorney that is on the other side from us, including GMAC / Ally & Bank of America is reporting to us that they are being directed by their clients – READ: Banks – that the November 2, 2010, foreclosure sales are still on. YES, THEY PLAN TO FORECLOSE PROPERTIES [...]

Stewart Title locks down foreclosure sales

In our own backyard of Houston, Texas, Stewart Title clamps down on foreclosures sales.  About time! Shabby title records, no true chain of custody in the property records, bogus affidavits and robo-signer assignments.  Hello? Time to take a stand!  Hats off to Stewart for publicly admitting, via a clamp down, that something is fishy in [...]

Bank of America’s fraud causes foreclosure halts!

Stay tuned as Bank of America has started pulling foreclosures in 23 states just as Chase & GMAC/Ally. On the other hand, Wells Fargo claims that they have the documents in order.   Really, hey Wells Fargo, watch this blog as on Monday I’ll post your fraudulent Notice of Sales here in Texas. – The Bank [...]

J.P. Morgan Chase’s fraud causes halt to foreclosures!

J.P. Morgan Chase, who only weeks ago was busted AGAIN for fraudulent and fabricated documents halts foreclosures just like GMAC (Ally). Fitch Ratings, which is a credit-rating firm has said that “defects”, i.e. fraud, have been found in foreclosure documents at Chase and that these type of “defects” are industry-wide.  DUH?? It has been widely [...]

Court Finds JP Morgan Chase Intentionally and Knowingly Committed Fraud

This may be one of the most important posts I have ever published. We have reached a point in the housing crisis where we must decide:  Continue to cower before and believe whatever the bank’s attorneys claim OR ask for proof of their claims? Quite simply, why won’t you let the dog sniff your locker? [...]

GMAC’s fraud has caused a halt to foreclosures

A reader and rabid investigator sent this piece to me just moments ago. Tom Cox an attorney in Portland Maine has succeeded in getting Jeffrey Stephan’s Summary Judgment overturned and substitute trustee affidavits withdrawn. This is a result of several depositions taken with Jeffrey Stephan at GMAC.  Stephan admitted to signing up to 10,000 of [...]

Do you need a lawyer or a REALTOR?

The answer is very likely YES; as in both. If you are listing and selling short sales then your seller very likely needs not only you as a licensed agent to sell the real estate (and we recommend only the use of REALTORS in good standing with their local boards and MLS) but also the [...]

Bank of America’s equator system reduces chance to successfully close short sales – PART 2

Homeowners & agents nationwide are confused.  What is Equator and how does it impact my short sale?   In this blog let’s examine the negatives and then finally what to do with Equator. Thinking about taking on a new short sale?  REALTORS take note, Equator is the new “in thing” for Bank of America and [...]

Bank of America’s equator system reduces chance to successfully close short sales – PART 1

This is an update on Equator.  We now have the top Tips and Trap to be sucessesful versus failure.  CLICK HERE FOR BANK INSIDERS TIPS & TRAPS. Homeowners & agents nationwide are confused.  What is Equator and how does it impact my short sale?   In this blog let’s examine the positives…up next the negatives [...]