Supporting, Informing & Connecting People in Foreclosure

August 2010 Blog Posts (77)

Florida Residential Foreclosures. Florida Supreme Court & Fannie Mae set down some ground rules

Florida Supreme Court's Administrative Order from 12/28/2010 here

Fannie Mae's Mandatory Mediation Policy for Florida, quasi-effective date Sept 15, 2010, effective date 1/1/2011… Continue

Added by L on August 31, 2010 at 9:30pm — No Comments

Banks’ Self-Dealing Super-Charged Financial Crisis...

Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history.

Faced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks

hit on a solution that preserved their quarterly earnings and huge

bonuses:

They created fake demand.

NO WAY, GET OUT, SAY WHAT?…

Continue

Added by Ace on August 31, 2010 at 7:30pm — No Comments

Foreclosure Crisis: 201 (Advanced Level Resources)

Attached are two complaints that clearly explain what happened in this foreclosure mess that is ruining our country and causing immense misery. These are excellent resources for understanding how Wall Street investment banks were simply predatory middlemen who scammed not only American families, but also insurance companies and global investors (including pension funds, municipalities, 401K funds, etc).

The good thing about these two complaints is that the allegations.… Continue

Added by L on August 31, 2010 at 3:00am — 1 Comment

Georgia Homeowner Victory Exposes Foreclosure Tactics!

"There is great responsibility with great power, and you don't just tell people, 'Well, I don't care. I guess we just made a mistake. It's no big deal," Judge Robert Flourno Cobb County,…

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Added by WrongWay on August 30, 2010 at 8:30pm — No Comments

There is REAL SKIN in the GAME...

TY KT

http://www.youtube.com/watch?v=POZkstHs54Y&feature=player_embedded

Is so bad for the MASSES...

Bye BEN.

Added by Ace on August 30, 2010 at 10:30am — No Comments

Mark Vitner, Monkey

Snippets from Mandelman Matters:

http://mandelman.ml-implode.com/2010/08/care-to-guess-how-many-homes-sold-over-750000-in-june-and-july/

Care to Guess How Many NEW Homes Sold Over $750,000 in June and July?

Guess how many. Come on, this will be fun.

“There’s clearly something more at play here,” said Mark Vitner, a… Continue

Added by Capt. Jack on August 30, 2010 at 8:00am — No Comments

Is Modification Extend and Pretend?

Please read this one:

Treasury Admits HAMP Was a Banker 'Bust Out'

August 23, 2010, by Mike

Quote "First, they're sinking more money into their underwater homes with the hope that they can reach an affordable solution with their lender, a solution which this official implicitly admits IS NOT COMING. Second, the official is incorrect, at least according to information I've been told by borrowers.... When a borrower accepts a…

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Added by WrongWay on August 29, 2010 at 9:00pm — 1 Comment

Chase Financials 1Q2010

A couple of people have shown interest in the recently published financials for JP Morgan Chase. Of particular interest is the set-aside of $1.2B for bad WAMU funds, as potential legal fees.

http://www.businesswire.com/news/home/20100414005743/en/JPMorgan%C2%A0Chase-Reports-First-Quarter-2010-Net-Income-3.3%C2%A0Billion

For a view of… Continue

Added by Phred Maldonaldo on August 28, 2010 at 4:24pm — 1 Comment

Foreclosure Defense Depos & Admissions. MERS & Robosigners

Save homes. Add to this list. The more information we have, the closer we get to indictments. Email depos, transcripts, etc to ForeclosureHamlet@gmail.com

Educate yourself.

Florida Court Orders & Appellate Reversals here.

…

Continue

Added by L on August 28, 2010 at 7:30am — 5 Comments

UCC 3-203 Holder in Due Course

UCC § 3-302. HOLDER IN DUE COURSE

(a) Subject to subsection (c) and Section 3-106(d), "holder in due course" means the holder of an…

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Added by WrongWay on August 28, 2010 at 12:00am — 5 Comments

IMPORTANT Upcoming Hearings and Happenings

As some of you know, I have been sending out emails roughly every six to ten days for the last few weeks. L suggested I post here, which I though was a great idea. The drive behind this, is we all really need to help one another! If you are working or cannot afford to attend, it is safe to say we all understand that situation. But if at all possible, please make every effort to attend each others hearings and whatever court proceedings possible. It will… Continue

Added by Incognito123 on August 27, 2010 at 4:30pm — No Comments

Lee Clerk.org Assignment not available before Aug2005

Added by tot on August 27, 2010 at 12:38pm — No Comments

Bar Wars

The Florida Bar Is The Enemy, soon it will be too late.

http://woodwardlaw.com where Florida's foreclosure fraud was first discovered and…

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Added by Bill on August 27, 2010 at 12:30am — No Comments

ATTN: Document Bounty Hunters: Linda Green signing on behalf of MERS in fall of 2008.

Let's find hundreds of these documents! Rogue robosigner, Linda Green, signing without authorization, on behalf of MERS.

Please do some research to find out the foreclosure mill who filed the document. This can be found by finding the Lis Pendens that "matches" the unauthorized assignment of mortgage.

See there's a document where...........ahem........."the truth" comes out......allegedly. Linda Green did NOT have… Continue

Added by L on August 26, 2010 at 9:00pm — 2 Comments

Shaprio Fishman, "Linda Green of DocX had no signing authority on behalf of MERS"

READ THIS!

SEND TO ALL JUDGES with an explaination of who Linda Green is & attach some DocX assignments of mortgage.

False Statements

Linda Green

Lender Processing Services

Shapiro &… Continue

Added by L on August 26, 2010 at 5:00pm — 2 Comments

Do You have something to say America? RE: CRA, Community Re-Investment Act

The Community Reinvestment Act (CRA) is a law which currently covers only some loans.

FACT: Only 6% of subprime mortgage lending consisted of loans covered by the CRA.
FACT: The other 94% of subprime mortgage lending was not covered by the CRA.
FACT: Federal regulators are considering expanding CRA to cover more lenders in the future.

Expanding CRA will help keep borrowers and communities safe from

foreclosures and will ensure that lenders… Continue

Added by Ace on August 25, 2010 at 4:03pm — No Comments

SEC - FDIC - OCC - Can't you see through all this bureaucracy?

While comparing the current financial maelstrom to food safety might be a stretch – it does give one insight as to the responsibility of the branches of our government to ensure the safety and security of

“We the People” (WTP).

Isn’t that what our hard earned tax dollars are used for?

Consider this;

*** Americans do not want to worry about the safety of the food we eat. Indeed food safety is something we take for granted. But who assures this safety?…

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Added by stopGOVTwaste on August 25, 2010 at 1:00am — 1 Comment

Should I quit the NAR?

You see, I saved up money to join the board of Realtors. I wanted to try and earn a living (perhaps) selling property. If you were to guess that a majority of the business out there these days in real estate is short sales and foreclosures... you'd be correct.

But according to the board I need to find out who the "lender" is in order to conduct a short sale.

This requires searching public record and finding the lien holder…

Continue

Added by stopGOVTwaste on August 25, 2010 at 12:00am — 6 Comments

The Great Foreclosure Gamble

I found the following comment by 'mike' at the end of a WSJ article regarding judges giving debtors 'free houses'.

What the borrowers, lenders and the legal system have forgotten, is that a “mort” “gage”, ie “death gamble” is a two way contract. When one boils it down to basics (extracting all the legalese and terms of interest etc.) it is a bet between two parties on a future event, the death of the borrower or the death of the lender.

If the borrower dies first, the debt is… Continue

Added by Phred Maldonaldo on August 24, 2010 at 7:30pm — No Comments

A moral dilemma - your input requested . . .

I could use the input from not only everyone here on FH, but anyone reading this blog. For purposes of this illustration, you are person A.

1) Person A goes to Person B and asks to borrow $1000.

2) Person B makes the decision, yes, writes up a contract which says person A will repay

. . . $100 a month for twelve months, and if they ever default, Person B can take their car

. . . valued at $1,200 (but they pay for friend to evaluate it and that… Continue

Added by Incognito123 on August 23, 2010 at 9:56pm — 4 Comments