foreclosure
Commercial Foreclosure Crisis Just Beginning – Bella Home Relief now
www.stophomeforeclosure.us 732-580-2174 17 million homeowners will be foreclosed in the next 4 years 3 to 4 trillion dollars of commercial real estate are going to be foreclosed and that is going to have a tremendous effect in the economy. In 6 states 60% of homeowners are possibly facing foreclosure: Arizona Georgia Florida Nevada Michigan California
Video Rating: 1 / 5
Housing advocates push for new state legislation to protect homeowners, tenants, and neighborhoods faced with mortgage foreclosures. Interview with City Life/Vida Urbana organizer Jim Brooks and Roxanne Reddington-Wilde of ABCD and the Mass. Coalition Against Predatory Lending. Aired on BNN News July 22, 2010
Fla Bar News: Study — Only 16% of Foreclosure Documents Were Valid
MOST POPULAR ARTICLES
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE
SHAM TRANSACTIONS: VIRTUALLY NONE OF THE SECURITIZED MORTGAGES WERE SECURITIZED
If anyone is still wondering whether the issue of illegal foreclosures has reached mainstream in judicial circles, take a look at the article in this week’s Florida Bar News by Gary Blankenship entitled “Who Owns the Note? Paperwork problems still plague foreclosure actions.”
Quoting from several of the known players in the world of calling out the banks on their illegal actions, Blankenship reports that the issues includes, fraud, forgery, fabrication and just plain negligence. 4clourefruad.com’s Michael Redman is quoted extensively. Redman’s site is now publishing a feature called “Fraud of the week” where 10 cases are selected randomly and analyzed to show the most egregious defects in the paperwork. One problem highlighted by Redman was a case where two “wet ink” signatures were submitted by two different companies, each claiming they had the original on the same case, same borrower and same property. Redman’s group concluded that the signatures were actually copies digitized and printed to make them look like originals.
The article is very long for any article appearing in the Florida Bar News, which gives some indication of how well accepted the “spurious” claims of yesteryear are now being accepted as true, correct and only part of the problem. The big question, as we have repeatedly shown, is that even if we eliminate all current foreclosures the larger problem of title on around 100 million transactions nationwide are going to still rear their heads as transactions stumble forward. Any chain of title with a securitized mortgage in it is going to be met with problems of clouded, defective or unmarketable title.
The title companies are watching this closely and they are nervous as a long-tailed cat in a room full of rocking chairs. Their agents frequently were the closing agents and their reports on title were used to close tens of millions of transactions with defective title. The presence of MERS is clearly one of the biggest headaches inasmuch as none of the assumptions behind the creation and business model of MERS were correct. The value of a MERS deed or any deed in a chain of title where MERS was involved automatically means there is a title problem.
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud Tagged: bankruptcy, borrower, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, modification, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND 
Livinglies’s Weblog
UTAH ATTORNEY SUCCEEDS IN GETTING REMOVAL TO FEDERAL CT REMANDED BACK TO STATE CT CONVERTING NON-JUDICIAL TO JUDICAL FORECLOSURE
MOST POPULAR ARTICLES
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE
LAWYER OVERCOMES PRESUMPTION OF VALIDITY OF TRUSTEE DEED IN UTAH
EDITOR’S NOTE: BOA and Recontrust, their puppet “substitute trustee” have stumbled into a quagmire and attorney John Christian Barlow has seized the opportunity to shine a light on the illegal foreclosures by BOA and Reconstrust. This might have national implications.BOA and Recontrust made all the way through the usual fake auction and some underling signed a Trustee Deed. Under State Law the Trustee is presumed valid, which is to say, properly procured. But Barlow attacked the validity of the sale in the eviction action where BOA sought to obtain possession. As in other cases he recently started fighting, he attacked the validity of the sale. By raising serious issues concerning the auction, “sale” and the pattern of conduct, Barlow succeeded in overcoming the presumption of the validity of the Trustee Deed.This left BOA with a naked deed that needs to be authenticated and validated by the Utah State Court. BOA and Reconstruct actually stumbled twice by invoking their “right” to Remove the case to Federal Court where the Judges have been friendlier to banks. Tearing apart the arguments one by one, the Federal Judge said that Recontrust and BOA had argued themselves into a corner thus depriving the Federal Court of jurisdiction since this was obviously a matter to be heard in state court, as to whether the eviction could proceed.The written opinion of the Federal Judge alerted the State Judge to inconsistencies in the positions argued by BOA and Reconstrust. So the whole case now is going to be heard judicially as to whether the eviction is proper — a finding that is entirely dependent upon whether the Trustee’s Deed will stand up to scrutiny and be sustained — or if the Trustee’s Deed is removed or expunged from the title records because of the various illegal actions with which we are all now too familiar.Once the Trustee Deed is discredited (it is already put in doubt by Attorney Barlow and the findings of the Federal Judge), title reverts back to the homeowner and they get to stay in their home and they can negotiate with the real creditor in good faith.Utah law is not the same, but is similar to many other states. Check with a lawyer before you assume anything or do anything. But the fact remains that removal to state court can be challenged (Motion for remand) and the non-judicial sale can be converted into a judicial foreclosure proceeding — something no banks wants because they must allege and prove things that are simply not true. That it was done in an eviction proceeding is all the more impressive but it is also logical that it occur there because it is not until after the pretender has committed itself in writing to each and every act that they can no longer play musical chairs or musical documents to give the Judge “what he wants.”
(Salt Lake City, UT) – St. George attorney John Christian Barlow, representing homeowners who have lost their home to the Bank of America’s (NYSE: “BAC”) foreclosure machine ReconTrust, may have finally achieved a measure of success in the battle of Utah homeowners against ReconTrust’s illegal foreclosures.
Federal Judge Clark Waddoups Thursday returned to Utah Fifth District Court in St. George a case in which ReconTrust was named as a third-party in the complaint claiming immunity under the National Bank Act in an unlawful detainer action. (ORDER and MEMORANDUM DECISION)
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud Tagged: Bank of America, bankruptcy, BOA, borrower, countrywide, disclosure, Eviction, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, modification, quiet title, ReconTrust, remand, removal, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND 
Livinglies’s Weblog
NEVADA: NEW LAW EFFECTIVE OCTOBER 1: FORECLOSURE FRAUD REFORM
MOST POPULAR ARTICLES
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE
NEVADA NEW ‘FORECLOSURE FRAUD REFORM’ BILL TO TAKE EFFECT OCTOBER 1
EDITOR’S COMMENT: One small step for mankind…. Requiring them to record any document relied upon in the chain of title to demonstrate their right to foreclose will not stop them, although it could slow them up a bit. The real piece here is the requirement of an affidavit, which is sworn under oath and establishes, with exhibits that the pretender is the party who can and should foreclose.
Who is going to sign it? With criminal charges pending against Wells Fargo and whistle-blowers headed for law enforcement to make deals, it seems unlikely that anyone will. But who knows? Upper management will never sign the affidavits unless they are sanitized to say virtually nothing, which then will put at issue whether the affidavit is sufficient. The lower paid robo-workers are not likely to do it unless they don’t realize what they are signing.
I think the most important part of this legislation is that it takes a baby step toward legislative mandate and recognition that something is going wrong in the courts and that Judges are going to at least notice that this happened. The real issue is shame —- those who feel it and those who cause it. Deep down most people seem to feel that they owe the money so they should lose their homes. They admit the default and they admit the payments were not made when in fact they have no idea whether or not the payments were made to the real creditor or if there is any creditor now because they were paid off.
I was explaining this yesterday and I used this analogy. Maybe this will help those who are being accused of seeking a free house when in fact they are seeking to protect their homes from thieves. If John Smith snatches a woman’s purse in crowded jostling parking lot and then loans the money from the bag to you, who do you want to pay? Would you admit that you took the loan and agree to pay the criminal, John Smith, or would you say, wait, unless I know the money is going to the woman whose purse was snatched I’m not paying anything to reward the thief for his crime!
STOP THINKING YOU DID SOMETHING WRONG. YOU DIDN’T STEAL THE PURSE (I.E., THE MONEY FROM THE PENSION FUNDS) WALL STREET DID IT. AND YOU ARE A PERSON OF DIGNITY AND POWER TO DECIDE WHETHER WALL STREET GETS AWAY WITH SNATCHING THE PURSE. FIGHT ON!
Catherine Cortez Masto, Attorney General555 E. Washington Avenue, Suite 3900
Las Vegas, Nevada 89101
Telephone – (702) 486-3420
Fax – (702) 486-3283
Web – http://ag.state.nv.us
FOR IMMEDIATE RELEASE
DATE: September 29, 2011
Contact: Jennifer López
702-486-3782
ATTORNEY GENERAL CORTEZ MASTO AND ASSEMBLY MAJORITY LEADER
CONKLIN ANNOUNCE NEW ‘FORECLOSURE FRAUD REFORM’ BILL TO TAKE
EFFECT OCTOBER 1
Las Vegas, NV – Nevada Attorney General Catherine Cortez Masto and Nevada Assembly Majority
Leader Marcus Conklin announced that the new ‘Foreclosure Fraud Reform’ law will take effect on
October 1, 2011.
“This new law helps protect Nevadans from improper foreclosures and protects the integrity of the
system for homeowners,” said Cortez Masto. “I was pleased to work with Majority Leader Conklin on
this important bill that creates security, legitimacy, and transparency in the foreclosure process.
Assembly Bill 284 will protect the Silver State’s housing market by ensuring homeowners and
prospective purchasers can get a clean chain of title and are treated more fairly.”
“There have been widespread instances of foreclosures based on false, improper or incomplete
documents throughout the nation over the past few years,” Conklin said. “This new law is part of our
ongoing commitment to prevent foreclosure fraud in our state and to ensure that the Attorney General
has the tools necessary to prosecute those who defraud homeowners.”
The bill gives Nevada residents access to information on the companies that hold their mortgages by
requiring the documents used in the foreclosure process to be recorded in the county where the
property is located. Additionally, the legislation requires a party seeking to foreclose in Nevada to
record a notarized Affidavit of Authority to Foreclose that includes information showing that the party
seeking to foreclose on the property has the legal right to exercise the power of sale. AB 284 also
strengthens the Attorney General’s enforcement authority over foreclosure fraud, and gives property
owners a new right of action to enforce their own legal rights in foreclosures.
###
www.StopForeclosureFraud.com
Related posts:
- Nevada AG puts Bank of America on notice over Foreclosure Fraud Vegas Inc Call it Nevada’s version of David versus Goliath….
- Nevada Joins States Balking at Bank Releases in Foreclosure Practices Deal Bloomberg- A possible settlement of a 50-state probe of foreclosure…
- Nevada AG Masto opposes provision of settlement with big banks If your AG isn’t opposing the Foreclosure Fraud settlement, there’s…
- GA Foreclosure Fraud Bill Passes Out of House Committee HB 237, introduced by Representative Rich Golick, would prohibit misstatements…
- NEVADA ATTORNEY GENERAL SUES BANK OF AMERICA FOR DECEIVING NEVADA HOMEOWNERS Las Vegas: Attorney General Catherine Cortez Masto announced today that…
This post was written by:
dinsfla – who has written 2465 posts on FORECLOSURE FRAUD | by DinSFLA.
CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black
Get The Latest Update Via Email:
- Ohio Supreme Court’s Shocking Decision in Landmark Case U.S. BANK v. DUVALL by dinsfla
- Bank of America Suit May Be ‘New Front’ in Mortgage Suits, Lawyer Says by dinsfla
- What Is an Assignment of Mortgage? by dinsfla
- BOMBSHELL! RED ALERT! THE ATTACK ON CITIZENS OF FLORIDA BEGINS….HB 213 by dinsfla
- Fun with Fax Machines & Wite-Out: the wonderful worked of faked documents and forged signatures by dinsfla
- Bank of America-ReconTrust to Face State Court Judicial Process in Illegal Homeowner Foreclosures by dinsfla
- 11th Circuit Reversed/Remands “the federal court lacked jurisdiction because although the petition referenced federal laws, none of the claims relied on federal law” by dinsfla
- Wells Fargo accused of forging loan documents by dinsfla
- Inside Job, Oscar-Winning Documentary, Now Online (Free) by dinsfla
- For Bank of America, a $ 50 Billion Claim of Havoc Looms – SKLAR v. BANK OF AMERICA by dinsfla
- Banks to meet with state, federal officials over foreclosure fraud deal by dinsfla
- Fannie Mae Cited for Failing to Stop Robo-Signing by dinsfla
- Michael Moore on Wall Street protests: “It’s going to spread across the country” by dinsfla
- Bloomberg: Why would banks lend money when you want to put them in jail by dinsfla
Blogroll
- ABIGAIL C. FIELD
- AMERICANS UNITED FOR JUSTICE
- ANONYMOUS PRESS
- BEING MIDDLE CLASS FORUM
- BOOM BUST BLOG
- CALIFORNIA FORECLOSURE FRAUD
- CHINK IN THE ARMOR “MERS Primer”
- FED UP USA
- Foreclosure Pets
- ForeclosureHamlet
- Fraud Digest
- GINGO LAW
- LAW GRACE
- Mandelman Matters
- MS FRAUD
- NANTUCKET LAW
- O. MAX GARDNER lll
- Propublica
- SHAME THE BANKS
- THE DAILY BAIL
- Truth in Lending
- WAMU SUPPORT FOR HOMEOWNERS
- WELLS FARGO MTG FRAUD
- WhatReallyHappened
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud Tagged: AB 284, affidavit, Assembly, bankruptcy, borrower, Catherine Cortez Masto, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure fraud, foreclosure offense, foreclosures, fraud, HB 284, LOAN MODIFICATION, Marcus Conklin, modification, Nevada, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND 
Livinglies’s Weblog
{{STOP}} FORECLOSURE FRAUD…BELLA HOMES CAN HELP!
www.moreinfo.whybellahomes.com People not banks should OWN homes! Get Qualified today at or call Pamela Jessie 888.564.5324 Or to join our team www.moreinfo.whybellahomes.com The mortgage crisis is at epidemic levels, families are being displaced left and right. As representatives of Bella, it’s our duty and obligation to get the word out about the Bella services ASAP and let Bella corporate and the legal team help as many homeowners as they can. BELLA BACKGROUND – Bella Homes, LLC is the result of a collaboration of some of the best legal minds in the nation and is founded upon the fundamental principal that FAMILIES, NOT BANKS, SHOULD OWN HOMES. We proudly stand out as an ethical and legitimate alternative to those less credible companies whose predatory tactics do nothing but exploit the homeowner’s financial predicament.
Video Rating: 5 / 5
Mortgage Relief Formula NEW CD foreclosure credit debt
Most popular foreclosure relief eBay auctions:
Mortgage Relief Formula NEW CD foreclosure credit debt | US $120.00 End Date: Friday Jun-01-2012 19:24:17 PDT Buy It Now for only: US $120.00 Buy it now | Add to watch list |
Peoria Bankruptcy Lawyers Help Stop Foreclosure
Peoria Bankruptcy Lawyers Help Stop Foreclosure
What is bankruptcy?
Bankruptcy in Peoria is a legal proceeding in an Illinois federal court in which an individual debtor’s assets are liquidated and the debtor is released from further liability. Chapter 7 bankruptcy filing deals with liquidation, while Chapter 13 bankruptcy filing deals with reorganization.
Chapter 7 bankruptcy is when the court appoints an administrator to liquidate or sell things you have to pay your creditors. Most of its debt is forgiven, but you can choose to pay some creditors, usually keep a car or a house in which the creditor a lien.
Chapter 13 bankruptcy is when your debt is transformed into one monthly payment. The payment will continue for 36 to 60 months. In all cases, a plan for payments over a maximum period of five years. You do not put all your debts. You pay only what they can afford, but the minimum payment may be affected by the property you want to keep. In the late payments, outstanding debt is discharged.
If you have questions about bankruptcy, you should seek the advice of a licensed bankruptcy attorney.
Pros and Cons of bankruptcy
Pros (positive aspects) of bankruptcy:
* One of the biggest advantages of bankruptcy is that debtors may obtain a new financial start.
* If you qualify for Chapter 7 may be forgiven (sort of) most unsecured debts. A secured debt is the creditor entitled to collect by seizing and selling certain assets of the debtor if payments are lost as a mortgage or car.
* You can maintain (ie, exempt) many of its assets, although state laws vary greatly in the definition of assets that can be maintained.
* The collection efforts when you file for bankruptcy under Chapter 7 or Chapter 13 to stop.
* You can not be fired from his job just because he filed for bankruptcy.
Cons (negative aspects) of bankruptcy:
* A bankruptcy can prevent your chances of getting a mortgage or a car loan for a while.
* A bankruptcy can remain on your credit report for 7-10 years and can affect your financial future.
* Not all debts are discharged. A portion of the debt that can not be discharged are child support, alimony, student loans, divorce settlements and other taxes on income. You should seek legal advice on specific categories of debt to be allowed to discharge.
Can Bankruptcy eliminate debt?
Bankruptcy does not necessarily eliminate all debts, and often simply restructures existing debts – this leaves you responsible for all future payments. Filing bankruptcy will remain with you for 10 years and may have difficulty obtaining a loan. Bankruptcy is a public register and will be reflected in your credit file but not permanently. Talk to one of our expert loan counselors if you need help.
The best solution is bankruptcy?
Anyone considering bankruptcy should understand the process and the laws relating to bankruptcy. Questions about bankruptcy should be treated by a qualified bankruptcy attorney.
Written by boblawman
Municipal Foreclosure Relief Authority CEPersVid 43
Attorney Carl Person explains his novel plan for ending the foreclosure crisis, easily solved by local government in municipalities of less than 50000 residents, without any federal or state statutes, funds or approvals. The Municipality will assist beleaguered homeowners in obtaining a loan modification agreement. The Municipality could obtaining financing through (i) by selling municipal tax-exempt bonds through a Municipal Foreclosure Relief Authority and/or (ii) recovery in lawsuits brought by the “Town Attorney General”. The Municipality needs to take over the banks’ function of working with borrowers to try to work out troublesome loans. When this program is coupled with the tuition-free equivalency college, local land values will go up substantially (because families will want to buy homes in a town providing these benefits to residents). The Municipality will have ample security for its investments in local real estate.
Video Rating: 5 / 5
Wells Fargo Offers Foreclosure Relief Workshop
Wells Fargo Offers Foreclosure Relief Workshop
Wells Fargo has conducted a two-day loan modification workshop in Ontario, California. The bank’s project was held at the Ontario Convention Center during the first and second weeks of the month. The initiative was described as one of the bank’s efforts to help ease the current foreclosure crisis in the country. The workshop aimed to provide customers with more helpful and enlightening insights about managing mortgage payments, especially these days.
Wells Fargo said before the event, up to 1,200 of its home loan borrowers assured participation in the two-day workshop. Hundreds of bank representatives were assigned to one-on-one consultations with customers who participated in the project.
The lender has been staging similar events across the country since 2009. It assumed to help more than 2,000 customers from Inland Empire over the two-day event. The program was staged in collaboration with the Home Affordable Modification Program of the federal government. Well Fargo has its own home loan modification program.
]]>
The bank said different types of consumers came to the convention center to seek assistance. The participants were provided with tips and guidelines on how they could better manage their mortgage payments despite the current economic crisis, the high unemployment rate, and other external factors.
Some of the participants openly shared how Wells Fargo representatives have helped them lower their regular mortgage payments. They claim to have lowered their monthly mortgage dues by about 0 to ,200. Such participants were amazed at how new knowledge and awareness helped them.
Wells Fargo has been stating that nobody actually wins with foreclosures. Thus, the bank says it is doing what it could do to guide customers along the way. The initiative targets not just homeowners, but also the entire community.
The bank was among the major mortgage lenders that faced the foreclosure controversy recently. Wells Fargo, along with other banks, was accused of mishandling foreclosure documents that resulted to improper and untimely evictions of troubled homeowners from their foreclosed homes.
During investigations conducted by regulators and state attorneys general, ‘robo-signing’ schemes of banks were exposed. Robo-signers are bank employees who are assigned to process and sign thousands of foreclosures a day without any legal or required review. The main goal of the practice is always to speed up a usually lengthy and prolonged foreclosure process.
Wells Fargo was also among the banks that temporarily halted their foreclosure activities after the scandal.
For more news about US foreclosures, visit ForeclosureConnections.com.
For cheap <a rel=”nofollow” onclick=”javascript:_gaq.push(['_trackPageview', '/outgoing/article_exit_link/4037483']);” href=” http://www.foreclosureconnections.com/list/FL/Duval/Jacksonville.html”> forcloser in Jacksonville, FL </a>, visit foreclosureconnections.com, your source of <a rel=”nofollow” onclick=”javascript:_gaq.push(['_trackPageview', '/outgoing/article_exit_link/4037483']);” href=”http://www.foreclosureconnections.com/”>foreclosure properties</a>
Foreclosure Relief for All
Foreclosure Relief for All
When owners receive the Notice of Default memorandum that kick starts the method of foreclosure, the 1st thought that many of them have is, Is there a technique to stop foreclosure and save my home? The answer may be an extraordinary yes. Naturally, each home-owner who must bear the method of foreclosure has a novel situation, but with accurate information in hand it can be possible to bypass the final effect of foreclosure : loss of your house.
Step one in avoiding foreclosure can be as straightforward as speaking with your bank. When you find yourself not able to pay house payments, talk with your bank at the 1st opportunity not when you get the Notice of Default. Talking with your bank and preparing an alternative repayment schedule at the 1st example of difficulty is a technique to halt foreclosure as one says, an oz. of prevention is typically worth a pound of cure! In the event that you have just gotten the notice, it isn’t too late to request forbearance.
Forbearance is a common way to stop the method of foreclosure in this, the bank consents to lower the price of standard payments for some time with the awareness that the payment will go up in the future once the debtor can handle it.
In the event that you’re simply experiencing a momentary problem, this will help you stop foreclosure and keep your house. An alternative way to stop foreclosure although not keep your house is to endure a short sale, where the bank ( frequently a bank ) agrees to settle the mortgage for a lower amount based totally on the sale of the home. Manifestly , this will end in the sale of the house, but will look nicer on a debtor’s monetary record than a foreclosure. If you would like to stop foreclosure, time is vital! Don’t wait another minute contact your banks and see what your options are.
Here’s a site where you can find out if you qualify for a loan modification or other government assistance: www.ObamaForeclosureBailout.com
The author has been working in the real-estate and financial banking industry for over ten years and continues to help homeowners on a daily basis.
Related Foreclosure Relief Articles