Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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11/30/20

Another Victory — This Time in NJ
I’m not one for bragging or testimonials but occasionally I think it is helpful to encourage people to fight foreclosures and evictions based on foreclosures. I have thousands of cases like this but most people refuse to believe it — including lawyers and judges — mainly because

11/27/20

Nearly 19 million Americans could lose their homes when eviction limits expire Dec. 31
Millions of Americans are in danger of losing their homes when federal and local limits on evictions expire at the end of the year, a growing body of research shows.

11/25/20

Both Citigroup and JPMorgan Have Now Received Huge Fines for Crimes the Regulators Won’t Reveal
Maybe it’s because Wall Street On Parade has been shining a bright light on the serial crimes and rap sheets of Citigroup and JPMorgan Chase. Or maybe it’s because the nonpartisan watchdog, Better Markets, published a report

11/24/20

Obama the pretender
As a socialist, I have a confession to make: Back in 2008, I was a campaign volunteer for Barack Obama. I supported him over Hillary Clinton in that year's Democratic primary for the obvious reason

11/23/20

BEWARE OF FORECLOSURE RELIEF SCAMS
Here is a simple rule of thumb — if it isn’t a lawyer directly offering his/her services you are probably being scammed. There is no such thing as a middleman who decreases the cost or increases the quality of the service. That is pure fiction.

11/23/20

Millions of Americans Expect to Lose Their Homes as Covid Rages
Millions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S. About 5.8 million adults say they are somewhat to very likely to face eviction or foreclosure in the next two months,

11/22/20

REVERSE MORTGAGE SCAM ALERT! NOVAD AND FHA DEFRAUD US ARMY VETERAN
Reverse Mortgage Scam Alert! Novad Management And FHA Defraud Florida Army Veteran Reverse Mortgage ScamSENIORS BEWARE! There is another reverse mortgage scam going on. Again, it’s the mortgage servicers trying to steal from seniors. What makes it worse is this time it’s the federal government doing it.

11/21/20

You’re on Notice: Alabama Court of Civil Appeals Bears Down on Foreclosure “Strict Compliance” in Barnes v. U.S. National Bank, No. 2180699.
Recently the Alabama Court of Civil Appeals held that a mortgagee’s notice of acceleration failed to strictly comply with the mortgage’s notice provisions when it informed the borrower only that she “may” have right to assert defenses against foreclosure, rather than apprising her that she had an affirmative right to bring an action against the mortgagee. This case serves as a cautionary tale for lenders and mortgage servicers who are considering foreclosure.

11/20/20

MFI-Miami Launches The Massachusetts COVID-19 Foreclosure Defense Hotline! Call Us At 888.737.6344
MFI-Miami has created the Massachusetts COVID-19 Foreclosure Defense Hotline. Is a mortgage servicer threatening you with foreclosure in Massachusetts during the current coronavirus pandemic? We can help. Call us at 888.737.6344.

11/20/20

COVID-19 Foreclosure Filings Are Rising Rapidly Across The United States Despite Federal Moratorium
COVID-19 Foreclosure filings climbed 20% in October since September. The COVID-19 pandemic remains the biggest threat to homeownership since the 2008 financial crisis. The ATTOM Data Solutions reports state foreclosure filings included default notices, scheduled auctions, or bank repossessions. Rick Sharga, executive vice president of RealtyTrac stated:

11/20/20

Why You Need to Understand the Truth and How to Use It to Successfully Defend Foreclosure Cases
You don’t need to believe me. You don’t need proof that what I am saying is true. You have every right in every court to file demands for discovery relating to the existence and ownership of the debt. Ask any lawyer or any judge. They will affirm this to be true. And ask any accountant. The debt exists only if

11/19/20

Register O’Donnell Promotes Foreclosure Assistance Programs
Register of Deeds William P. O’Donnell today reminded Norfolk County homeowners who are struggling to pay their mortgage or facing foreclosure that there are consumer programs available to help them out.

11/18/20

FHFA issues Final Capital Rule for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency (FHFA) released its Final Capital Rule Wednesday for mortgage giants Fannie Mae and Freddie Mac as it continues to work toward ending conservatorship. The final rule mandates that

11/18/20

From Soros to Warren Buffett, the Smart Money Is Dumping Shares of JPMorgan Chase
According to the 13F filing that Warren Buffett’s Berkshire Hathaway made with the Securities and Exchange Commission for the quarter ending December 31, 2019, it held 59.5 million shares of JPMorgan Chase with a total value at that time of $8.29 billion. By June 30 of this year,

11/17/20

Congresswoman Katie Porter Tells the Fed that It’s Got a “Big Problem”
Last Thursday, during the House Financial Services Committee hearing with federal regulators of banks, Congresswoman Katie Porter of California told the Vice Chairman for Supervision of the Federal Reserve, Randal Quarles, that the Fed has a “big problem.” Porter has a Harvard Law degree and

11/17/20

Tenant group sees opportunity in multifamily foreclosures: report
Distressed debt fund managers aren’t the only ones smelling opportunity from a coming foreclosure crisis. A nonprofit seeking to help the poor says rental properties’ struggles present a chance to decommodify multifamily buildings.

11/14/20

MFI-Miami Launches The New York COVID-19 Foreclosure Defense Hotline! Call Us At 888.737.6344
MFI-Miami has created the New York COVID-19 Foreclosure Defense Hotline. Is a mortgage servicer threatening you with foreclosure in New York during the current coronavirus pandemic? We can help. Call us at 888.737.6344. The coronavirus pandemic has put America is in a crisis. MFI-Miami is doing our part to help during these perilous times. Unfortunately, mortgage servicers don’t share our sentiment. New York homeowners are calling MFI-Miami telling us that they have been threatened with foreclosure during this national emergency. As a result, MFI-Miami has created a foreclosure defense team exclusively for New York. The team’s focus will solely be on helping homeowners develop strategies to fight New York foreclosures!

11/12/20

Fake News on Foreclosure Status: Don’t be lulled into complacency.
The worst part is that most homeowners will not even realize that it is a securities brokerage firm that is foreclosing without any right to do so and who probably owes the homeowner money — not the other way around.

11/12/20

Federal Regulators Have Gutted Safety and Soundness Rules for the Biggest Wall Street Banks
Last week, the New York Times’ Emily Flitter, Jeanna Smialek and Stacy Cowley provided an excellent rundown of the dangerous rollbacks of regulations on the big banks by federal regulators appointed by Donald Trump.

11/11/20

SB 1079: Changes to Nonjudicial Foreclosure Process Aim to Benefit Tenants, Primary Residence Occupants and Community Groups; Uncertainty Looms for Lenders and Debtors
After the recent passage of Senate Bill 1079 (“SB 1079”), significant changes to the nonjudicial foreclosure process will go into effect on January 1, 2021 for real properties containing 1 to 4 single-family residences. Establishing new rights for tenants and community groups,

11/11/20

Share of mortgages in foreclosure at historic low – CoreLogic
The share of mortgages in some stage of the foreclosure process was at 0.3% in August 2020 – down from 0.4% in August 2019 and the lowest it has been since “at least January 1999,” according to analytics firm CoreLogic.

11/11/20

Senator Sherrod Brown Calls for Breaking Up the Wall Street Banks; Elizabeth Warren Tells Fed: “I Don’t Believe You’re Doing Your Job”
The U.S. Senate Banking Committee held a virtual hearing yesterday that was benignly titled “Oversight of Financial Regulators.” It would be an understatement to say that there was nothing benign about the hearing.

11/10/20

Document Review for Dummies: Why homeowners and their lawyers get confused by documents proffered by foreclosure mills
It occurs to me that most questions I receive contain either an inquiry about the meaning of documents or statements as if they know the meaning of documents. So here is a short primer on reviewing documents that might help.

11/09/20

Foreclosure and your civil rights: A judge rules against you in spite of questionable land record documents … what to do next? (PART III)
And now we come to an interesting new idea … well … maybe it’s not new in the system of things, but it is new when it comes to the violation of your civil rights and today’s alleged justice system.

11/09/20

Freddie Mac Changes Its Language from “Loan Portfolio” to “Reference Pool”
People still don’t believe it. Loans were not securitized but are being treated as though they were securitized. “Securitization” means selling off an asset in pro rata shares to investors who get a piece of paper telling them that they own X% of the asset.

11/04/20

RED ALERT! OCC IS ATTEMPTING TO SNEAK IN A RULE THAT ALLOWS ANYONE TO VIOLATE LAW AND CLAIM THEY ARE THE TRUE LENDER
This just in or at least just brought to my attention. It is full frontal assault on the rule of law and the banks are trying to jam it through as a rule change to allow illegal foreclosures.

11/04/20

Qui Tam? Class Action? Mass joinder? Wrongful foreclosure?
The problem with qui tam in connection with mortgages and foreclosures is that they have not yet worked except in rare instances. The biggest hurdle seems to be that the

11/04/20

Foreclosures and Evictions Could Derail a Recovery
While the results of last night’s presidential election remain too close to call, a leading political science academic is warning that the January 2021 occupant of the White House will be forced to deal with the greatest foreclosure and eviction crisis since the Great Recession.

11/03/20

Maryland Foreclosure Defense Alert! Governor Puts Strict Rules In Place For Foreclosures During COVID-19 Pandemic
Maryland Governor Larry Hogan has given Maryland foreclosure defense experts and homeowners a helping hand in Maryland. Hogan has issued an Executive Order stating the following until the pandemic is over:

11/03/20

Foreclosure and your civil rights: A judge rules against you in spite of questionable land record documents … what to do next? (PART II)
THE RULES OF THE GAME HAVE BEEN CHANGED The issue of police brutality all boils down to the issue of perception of what law enforcement stands for … from both sides of the coin. When police make an arrest, they do so based on material facts surrounding probable cause.

11/02/20

Maine Decision Presents New Challenges for Hearsay objections on Fabricated Records
see Bank of N.Y. Mellon v. Shone, 2020 Me. 122 (Me. 2020) the record keeping shortcomings of some members of a particular business sector should not drive our interpretation of a rule of evidence that applies to the records of all businesses and, more broadly,

11/01/20

Foreclosure and your civil rights: A judge rules against you in spite of questionable land record documents … what to do next? (PART I)
The time at which a § 1983 claim accrues “is a question of federal law,” “conforming in general to common-law tort principles,” and is presumptively–but not always–“when the plaintiff has ‘a complete and present cause of action.'” Wallace v. Kato, 549 U.S. 384, 388 (2007); Manuel v. Joliet, U.S. Sup. Ct. No. 14-9496 (2017). — As cited in McDonough v. Smith, U.S. Sup. Ct. No. 18-485 (2019) This post is circumspect as to the discussion of the items postulated within the land record audit and forensics investigation conducted by the author and his team of researchers in Williamson County, Texas (2012-2013) and Osceola County, Florida (2013-2014), respectively.

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