July 2011 Blog Posts (173)

This is gross...

HUD Foreclosure Help Almost Nobody Knows About

By: robertarend Saturday July 2, 2011 7:54…

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On 6/17 I was informed all of our hamp documents were finally in and our point of contact said she gave them to her supervisor. On 6/24 I recieved mail from Wells Fargo, dated 6/22, that our hamp loan would be disqualified if they didn't get the documents that were missing. ( there was no list, of course, of the documents that they needed). I immediately called my single point of contact at W.F. and informed her of the letter. She appologized for the letter saying she knew nothing of this… Continue

While helping a friend look into the specifics of her fraudclosing barbarians, we stumbled upon a massive Fannie Mae trust that holds thirty two class A1 tranches in their entirety from 25 MBS trusts.

 

She is being foreclosed by US Bank as Trustee for Structured Asset Securities Corporation (SASCO) 2007 - BC3.  She does not have a Fannie Mae loan as we traditionally have understood the term.

 

Why Fannie Mae would purchase entire tranches from other financial…

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See this blog and article on mortgage servicing fraud.  

Register of Deeds John O’Brien Releases Forensic Study,

Finds MASSIVE FRAUD in Foreclosure Docs

McDonnell’s Report includes the following key findings:

• Only 16% of assignments of mortgage are valid

• 75% of assignments of mortgage…

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http://www.zippycart.com/ecommerce-news/2745-sometimes-smaller-is-better-too-big-to-fail-explained.html

The headline in this article says "OCC Mandates Foreclosure Procedure Reviews for All National Banks" (see: http://www.dsnews.com/articles/occ-mandates-foreclosure-procedure-assessments-for-all-national-banks-2011-06-30). The article goes on to say that "all servicers under [Office of the Comptroller of the Curency] supervision must observe the same stipulations… Continue

Brooksville, Florida -- Imagine coming back to your home after being away a few weeks and finding the locks changed and the home trashed. That's what happened to Chris Boudreau of Brooksville.

Boudreau showed us the home, which was stripped bare.

Walking through the living room, he tells us "I used to have a couch, a sofa, a couple of end tables, a TV, DVD  player, tapes and cabinet... but  they are now gone."

 …

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DEBT CEILING ANALYSIS -CHECK OUT THE CASH FLOW PAGES- IN PARTICULAR PROJECTION FOR AUGUST 15TH - 52 BILLION DEFICIT FOR THAT ONE SINGLE DAY!!  OMG - HOW LONG CAN THIS GO ON FOR?

 

http://www.scribd.com/doc/59150080/Debt-Ceiling-Analysis-June-2011-August-2011

Control the Debt...All of it.

Hat Tip to the Daily…

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http://finance.yahoo.com/news/The-economic-recovery-turns-2-apf-543340859.html?x=0

IndyMac tried to substitute the affidavit signed by Erica Johnson Seck with one signed by a Charlotte Warwick.  

The court however, opined that the judgment of foreclosure was obtained using a fraudulent affidavit and constituted extrinsic fraud on the court.  Therefore, the defendant did not have to five a reasonable excuse for his default.  the court found that, "Plaintiff has failed to deny defendant’s contention that the Johnson-Seck document was fraudulent. Therefore, the…

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