Supporting, Informing & Connecting People in Foreclosure
The government is reportedly close to filing charges in the…Continue
Added by Capt. Jack on November 22, 2010 at 2:00pm — No Comments
Request for comments...
Added by Capt. Jack on November 21, 2010 at 2:02pm — No Comments
One of the more amusing moments of yesterday’s House Financial Services Committee hearings on foreclosure fraud was when the representatives for the loan servicers were asked why they were subsidiaries of the large…Continue
Added by Capt. Jack on November 21, 2010 at 11:24am — No Comments
KUDOS to the Congressional Oversight Panel for publishing a thoughtful and thorough report last week on the mortgage documentation mess. It argued that, yes, in fact, these paperwork problems may have significant…Continue
Added by Capt. Jack on November 21, 2010 at 9:42am — No Comments
Body Found By New Owner On Thursday
CAPE CANAVERAL, Fla. -- Authorities have not yet been able to positively identify a body that was found in a foreclosed Brevard County townhome, but the remains are believed to be that of the owner, Kathryn Norris.
Court records paint a muddy picture of a foreclosure case…Continue
Added by Capt. Jack on November 21, 2010 at 9:17am — No Comments
Local law enforcement is now at airports watching Federal law enforcement "screen" airline passengers. Hmmm....local vs. federal law enforcement?
Shouldn't the feds being wearing black uniforms adorned with intimidating…Continue
Yesterday the Senate Banking Committee held a hearing looking into the foreclosure mess. I really expected that it was going to be a bunch of political grandstanding, a la the Goldman Sachs hearing a while back. I was pleasantly surprised…Continue
Added by Capt. Jack on November 20, 2010 at 10:10am — No Comments
Panel Members Contact Info. Follow the link below
Pound them hard with serious questions! We only have a few weeks.
Added by Capt. Jack on November 18, 2010 at 12:25pm — No Comments
We’ve described in various posts how evidence is growing that the participants in mortgage securitizations sometime early in this century appear to have ignored the requirements of a variety of laws and their own…Continue
Arsonists requesting more…Continue
* (a) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument (i) by an intentional voluntary act, such as surrender of the instrument to the party, destruction, mutilation, or cancellation of the instrument, cancellation or striking out of the party's signature, or the…Continue
We have long known that lender fraud was rampant during the real estate boom. The FBI began warning of an “epidemic” of mortgage fraud as early as 2004. We know that mortgage originators invented “low doc” and “no doc” loans, encouraged borrowers to take out “liar loans”, and promoted “NINJA loans” (no income, no job, no…Continue
Added by Capt. Jack on November 10, 2010 at 3:34pm — No Comments
What effect would this have on a situation where a trust forces a bank to "buy back" an obligation I wonder.
§ 3-203. TRANSFER OF INSTRUMENT; RIGHTS ACQUIRED BY TRANSFER.
(a) An instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.
(b) Transfer of an instrument, whether or not the transfer is a negotiation, vests in the transferee any right of…Continue
Added by Capt. Jack on November 8, 2010 at 5:24pm — No Comments
Published: Wednesday, 3 Nov 2010 | 11:02 AM ET
By: John Carney, Senior Editor, CNBC.com
We're starting a Tim Geithner death watch.
That sounds a bit morbid. So let's be clear. We do not think President Barack Obama will murder Tim Geithner following the devastation of his party in the midterm elections. He'll just toss the guy out of the…Continue
From AllGov 10/29/2101
The U.S. Department of Justice has requested that a federal judge seal the courtroom of a trial involving computer code theft in order to protect trade secrets of Goldman…Continue