Supporting, Informing & Connecting People in Foreclosure

Ace's Blog – February 2011 Archive (20)

Foreclosure News, 2/28/2011...

Homeowners Demand Criminal Prosecutions In Foreclosure-Fraud Deal...

http://www.huffingtonpost.com/2011/02/25/foreclosure-fraud-prosecutions_n_828333.html

Has MERS Captured Our Gov't.?...

http://www.cnbc.com/id/41761015

Naked Capitalism Link from Above…

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Added by Ace on February 28, 2011 at 1:15am — No Comments

2010 Year End FC Stats by Realty Trac...

2010 Foreclosure Activity Down in Hardest Hit Markets But Increases in 72 Percent of Major Metros

IRVINE, Calif. – Jan. 27, 2011 – RealtyTrac, the leading online marketplace for foreclosure properties, today released its 2010 Year-End Metropolitan Foreclosure Market Report, which shows that while foreclosure activity increased from 2009 in 149 of the nation’s 206 metropolitan areas…

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Added by Ace on February 26, 2011 at 6:52pm — No Comments

Inside Job - The Movie

1:48 in length...

http://www.putlocker.com/file/3BNOSJI0IPS0KGSC#

Added by Ace on February 23, 2011 at 10:41pm — 1 Comment

Foreclosure News, 2/22/2011...

http://www.bizjournals.com/seattle/blog/2011/02/foreclosure-fraud-investigation-ongoing.html

http://realestate.bryanellis.com/3982/tarp-inspector-general-steps-down-cites-hamp/

…

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Added by Ace on February 23, 2011 at 2:32am — No Comments

GMAC Wins Ruling in Maine Case Over False Foreclosure Documents...

Ally Financial Inc.’s GMAC mortgage unit won a court ruling throwing out much of a lawsuit by Maine homeowners who sued the company seeking damages over what they said are its wrongful foreclosure practices.

U.S. District Judge D. Brock Hornby in Portland, Maine, granted GMAC’s request to dismiss two claims in the complaint, according to a decision today. He will probably throw out the remaining claim, Thomas Cox, a lawyer for the…

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Added by Ace on February 16, 2011 at 11:04pm — 1 Comment

MERS - 2/16/2011 Foreclosure Processing and Enhanced Certifying Officer Process...

MERS will shortly announce a proposed amendment to Membership Rule 8 requiring Members to not foreclose in MERS’ name.

Additionally, all MERS Certifying Officers must be tested and…

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Added by Ace on February 16, 2011 at 11:00pm — No Comments

Foreclosure News, 2/14/2011...

Mortgage Registrar Cannot Transfer Mortgages-LI NY Court...

http://www.reuters.com/article/2011/02/15/mers-mortgage-ruling-idUSN1411338420110215

Fed Official Calls For Major Foreclosure…

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Added by Ace on February 14, 2011 at 10:35pm — 1 Comment

MA Ibanez Discussion...

On Sat. 2/12/2002 the legal entities involved in the Ibanez case from the MA SJC decision and more join to discuss the same...

http://www.visualwebcaster.com/VWP/Player/advplayer.html?id=76453&uid=4567787&g=

Click or Copy and Paste into a new window and then choose the appropriate audio device...

Thank You Marie, Jamie, Glenn, Max and…

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Added by Ace on February 14, 2011 at 2:12am — No Comments

January 2011 foreclosure filings, by state...

Rank	State name	Properties with foreclosure filings	Rate (Housing units per filing)	Percent change from last month	Percent change from year ago
--	U.S.…

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Added by Ace on February 10, 2011 at 11:43pm — No Comments

A Wells Fargo Exit Puzzles...

By DAN FITZPATRICK, ROBIN SIDEL and JOANN S. LUBLIN

The abrupt departure of…

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Added by Ace on February 10, 2011 at 11:37pm — No Comments

Fannie and Ben Ezra, RIP...

Federal mortgage giant Fannie Mae has cut ties with a second South Florida law firm handling its foreclosure cases, requiring an immediate transfer of those files to other attorneys and likely causing more turmoil in the state's foreclosure courts.

The termination of its relationship with the Fort Lauderdale firm of Ben-Ezra & Katz, P.A. was announced today in a notice to loan servicers. The notice says payments to the firm should be stopped immediately and gives servicers a Feb.…

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Added by Ace on February 10, 2011 at 10:46pm — 1 Comment

Will bank error force this woman from her home?...

PORTLAND, Ore. - You see so many stories about people losing their homes to foreclosure but as long as you make your payments you're safe, right?

That's what Stephanie Johnson King thought until she learned what appears to be a bank error could end up forcing her and her children out of their home.

King has a home farm in Northwest Portland and part of her business is running camps for local kids.

"It's what I grew up with in Minnesota, back on the farm, and it's…

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Added by Ace on February 10, 2011 at 7:43pm — No Comments

Foreclosure News, 2/10/2011...

Judge Rules Against Bank In Mortgage Modification Suit...

http://blogs.forbes.com/advisor/2011/02/10/judge-rules-against-bank-in-mortgage-modification-suit/

City Fight to Keep Banks Accountable for Blight in Foreclosed Homes...…

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Added by Ace on February 10, 2011 at 7:30pm — No Comments

Foreclosure case could have big impact...

A Palm Beach county homeowner fighting alleged foreclosure fraud has ended up before the Florida Supreme Court.

An appeals court last week requested that the high court consider the case of Greenacres homeowner Roman Pino as a matter of "great public importance." The decision by the 4th District Court of Appeal in West Palm Beach was unusual as neither the bank nor the homeowner requested such a review.

"We conclude that this is a question of great public importance, as many,…

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Added by Ace on February 9, 2011 at 1:02am — No Comments

Results from FC Meetings in Springfield, MA...

Springfield agencies: Massachusetts should make foreclosure warnings more clear...

"Andrea F. Nuciforo, register of deeds for the Middle Berkshire District in Pittsfield, MA said registry offices around the state are already seeing mortgage companies come in trying to clean up their paperwork retroactively in order to comply with the law."

…

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Added by Ace on February 8, 2011 at 11:52pm — No Comments

Foreclosure News, 2/8/2011

SEC, Courts Still Circling Foreclosure Fraud, But, Hopeless To Stop Without REAL Penalties...

http://news.firedoglake.com/2011/02/08/sec-courts-still-circling-foreclosure-fraud-but-hopeless-to-stop-without-real-penalties/

Businessman…

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Added by Ace on February 8, 2011 at 11:00pm — No Comments

ASF & Transfer and Assignment of Residential Mortgage Loans in the Secondary Mortgage Market

PS, Don't believe everything you read

THIS WHITE PAPER AND ITS EXECUTIVE SUMMARY ARE INTENDED FOR

INFORMATIONAL PURPOSES ONLY AND DO NOT CONTAIN OR CONVEY LEGAL

ADVICE, A LEGAL OPINION OR A REPRESENTATION AS TO THE FACTS OF ANY

PARTICULAR TRANSACTION PROVIDED BY THE AMERICAN SECURITIZATION

FORUM OR BY ANY OF THE LAW FIRMS REFERENCED BELOW.!THE INFORMATION

IN THE EXECUTIVE SUMMARY AND WHITE PAPER SHOULD NOT…

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Added by Ace on February 8, 2011 at 5:13pm — No Comments