Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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07/31/19

How to Frame TILA Rescission in Your Pleadings"
In many cases it is the homeowner or their attorney that is confused about the effects of TILA rescission.

07/31/19

Fed cuts rate, citing "global developments"
The Federal Reserve cut its benchmark rate by a quarter percentage point on Wednesday at the end

07/30/19

Wells Fargo Reaps a Windfall From Old Financial-Crisis Mortgages
A portfolio of formerly troubled home mortgages dating back to before the financial crisis has turned into a windfall for Wells Fargo.

07/29/19

Court Allows Bank to Mislead Hurricane Irma Victim in Foreclosure
During the financial crisis, there was no shortage of horror stories about banks conducting all kinds of illegal foreclosures against homeowners. Some stories were truly appalling

07/24/19

Guest Oped: A decade after the 2008 foreclosure crisis, Northwest Philadelphia is fighting back
Philadelphia was hit hard by the Great Recession of 2008. According to a report from the Pew Charitable Trusts, Philadelphia experienced the second-largest decline in homeownership of the nation’s 30 largest cities

07/24/19

Ambac v US Bank Dismissed in SDNY BUT Lots of Interesting Facts and Corroboration Contained in Order
When you look at the pleadings and orders entered in these cases between investors, insurers, trustees and investment banks, you see things that actually corroborate the defense narrative in foreclosure cases.

07/24/19

How to Understand Debt and Money in Foreclosures Today
Everything is summed up in the words of Reynaldo Reyes from Deutsche Bank: It’s all very counterintuitive, which means that the truth runs against basic assumptions that once worked. The assumptions are not true and the truth seems to be untrue.

07/23/19

Stop Wall Street Looting Act of 2019 Introduced in Congress
Long overdue, many politicians are starting to understand the real nature of securitization as it is being practiced in Wall Street. This has produced a heightened awareness

07/22/19

Statement Regarding Settlement with Equifax over its 2017 Data Breach
Boston – Today, class action attorneys, federal regulators (Federal Trade Commission and Consumer Financial Protection Bureau (CFPB), and state Attorneys General reached a settlement with Equifax regarding its data breach that affected 147 million consumers.

07/22/19

Bank settles with Egremont couple in 'bizarre' foreclosure fight
EGREMONT — After insisting that a mortgage was tied to a home when the loan documents said that it wasn't, a bank has settled with a local couple who endured

07/22/19

How to Put Leverage Back Into the Hands of Homeowners
BIG HAT TIP TO STEPHEN LOPEZ, ESQUIRE FOR THIS SAN DIEGO WIN!! You had the ultimate leverage when they needed your signature to start the loan agreement. Now you have the ultimate leverage if you can properly plead and become a credible threat based upon wrongful foreclosure.

07/19/19

California Decision for Borrower Post Sale in Eviction Proceeding
BIG HAT TIP TO STEPHEN LOPEZ, ESQUIRE FOR THIS SAN DIEGO WIN!! This is the latest of a string of decisions from trial judges who took the time to carefully analyze the law and then facts. In this case the issue was

07/16/19

Just to be clear, MERS is absolutely nothing.
For some reason I have been getting more questions about MERS lately. My analogy has always been that MERS is like a holograph of an empty paper bag. So here are some basic factors for the checklist and analysis:

07/12/19

Action Alert – Day of Hearings for MAAPL’s Bills on 7/16/19
It’s Time to Make Your Voice Heard!!!
Testify in Support of MAAPL’s Anti-Foreclosure Bills
Tuesday, July 16?th
Massachusetts State House, Room A1
Beacon Hill, Boston

07/11/19

How do I Use Article 9 §203 UCC Requiring Value Be Paid for Debt?
Many of you have essentially asked the same question referring to Article 9 §203 UCC as adopted by the laws of your state. There is no known cause of action for breach of that statute although one might be conjured. It is an interesting suggestion.

07/10/19

THE CONNECTION BETWEEN A DEAD ROSS PEROT AND MERS …
What did Perot, as a businessman, wrought for himself and for America? How did he get so filthy, stinking rich? He created Electronic Data Systems, Inc., which created the electronic database platform known as Mortgage Electronic Registration Systems, Inc. (“MERS”).

07/07/19

BOTH QUIET TITLE ACTIONS AND C&E ACTIONS ARE DECLARATORY RULINGS! UPDATE!
One judgment appears to be a “cheap date”, while the other judgment isn’t. Which one is cheaper to prove? Why … the C&E of course!

07/06/19

In Philly, your house being ripped off isn’t always enough to get help from police and the DA
Earlier this year, Philadelphia District Attorney Larry Krasner mocked his predecessor for taking a lackadaisical approach to housing theft — the growing problem of grifters forging deeds and posing as heirs to steal properties. He said he was different.

07/04/19

R.I.P. SUSAN RICHARDSON
No further words needed… She finally succumbed to the big “C” but never relented in her struggle with Bank of America. Susan’s fighting spirit — and her grace — will be her legacy; something Bank of America will never take away from her.

07/03/19

Federal Judge Slams Bayview and Attorneys on Illegal “Modification” Maneuvering
The Lesson here is that the denial of modification presents and important opportunity to challenge the

07/02/19

NOTE TO INVESTORS: WHAT THE GREEN EMERALD CASE HAS TAUGHT US
For some reason, this case was seared into my conscience. I’ve seen a lot of investor cases, but this one … this one really spells it out for investors and third parties

07/01/19

Why Standing is Important
It’s easy to get lost in the weeds. Lots of people bring up the issue of standing without realizing that they are invoking constitutional rights and required processes.

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