It seems the mortgage servicer giants, while claiming they’ve done nothing wrong and their processes are pristine, are hiring “documentation experts” by the thousands. Seeing as how the banks never checked the records (i.e. backgrounds) of the mortgages they foreclosed on, I doubt they’ll check the backgrounds on these newly hired “documentation experts.” So fear [...]
Court Finds JP Morgan Chase Intentionally and Knowingly Committed Fraud
September 27, 2010 By 1 Comment
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? [...]
Ocwen’s President Ronald Farris gets caught saying he WANTS to foreclose homes versus help the homeowner
May 19, 2010 By 3 Comments
This is a perfect example of how the mortgage servicers, like Ocwen, don’t really care about helping homeowners in regards to short sales. We take calls all day long in our office from homeowners and Realtors who are frustrated with the short sale process. HELLO!! It is easier for the bank to simply [...]
You are not in default. Freddie Mac is making your payments!
May 7, 2010 By 1 Comment
Yes it is true. I have seen it with my own eyes and IN WRITING. In our office we have on record a statement from Freddie Mac, which they submitted to the courts, that “Freddie Mac has made all relevant and required payments to the investors on behalf of the borrowers.” Did you catch that?!?! Yes, Freddie Mac acting as the [...]
Fannie Mae requiring borrower to be more credit worthy. Say it isn’t so!
May 5, 2010 By Leave a Comment
Citing the need to protect borrowers from mortgage payments that potentially balloon out of control, Fannie Mae is putting forward new standards for the purchase and securitization of adjustable-rate mortgage (ARM) products. Why stop now? You have unlimited U.S. taxpayer money. Everyone NEEDS to have a home. More loans, more loans, more loans. A mortgage [...]
No Trust in the Trustee – Rigging foreclosure auctions for profit
May 3, 2010 By Leave a Comment
“There is no trust in this business” said the foreclosure trustee. Scary huh? This isn’t some fictional story. This is real life in Harris County, Houston, Texas. Recently, members of our team confronted the Trustee that was about to auction off the homestead of one of our clients. In our hand was the Temporary Restraining [...]
IndyMac is a shady operation – HAMP, we don’t need no stinking HAMP
May 2, 2010 By Leave a Comment
IndyMac is a shady operation. One of our staff used to be on the inside working against homeowners but (in my words…turned his life around) and now battles for home owners. He tells tales of “being trained” on programs like HAMP and seeing blacked out sections. When he asked why IndyMac (now OneWest) redacted [...]
