Foreclosure Daily News Update ⋅ December 13, 2021

 
     
 

Worried your house might end up in foreclosure? $197 million in relief funds can help – Yahoo News

Yahoo News

The money can help homeowners catch up on mortgage delinquencies and prevent defaults and foreclosures. The funds also pay for delinquent utility …

Get help with home foreclosure – NHS Brooklyn Community Development Corporation, Inc … – One Degree

Dakota Homeownership Preservation Program – HOCMN – Minnesota Homeownership Center

Full Coverage

     
 
 

Southridge Mall’s owner agrees to foreclosure, debt tops $121 million and counting

The Business Journals

A judge’s signature would start the process for Southridge Mall in Greendale to go to a sherriff’s foreclosure auction after its owner and lender …

Guadalupe county sheriff auction – istpiberoamericano.edu.pe

Pender county auction – dentalclinicastur.es

Full Coverage

     
 
 

Governor Hochul Announces First-in-the-Nation $539 Million Homeowner Assistance Fund …

The New York State Senate

New York State Senator Anna M. Kaplan said, “Too many Long Island families are still facing the threat of foreclosure because they fell behind on …

     
 
 

Southridge Mall Moves Closer To Foreclosure: Report | Greendale, WI Patch

Patch

Southridge Mall Moves Closer To Foreclosure: Report – Greendale, WI – The owner of Southridge Mall reached an agreement with its lender in a …

     
 
 

Report: Massachusetts Homeowners Lose Millions in Home Equity Theft Racket | Pacific …

Pacific Legal Foundation

Tallage foreclosed on the home in 2019 and eventually sent someone to the … lifesavings through a fair and reasonable tax foreclosure process.

list of bank-owned foreclosed properties – TD Bank – TD Bank

– jocosheriff.org

City of Boston – Boston.gov

Full Coverage

     
 
 

Mortgage delinquencies diving down in 2021 | firsttuesday Journal

First Tuesday Journal

As the foreclosure moratorium kept delinquent mortgages from entering or moving through the foreclosure process for 18 months, Q3 2021’s foreclosure …

Facing financial hardship? Tips to avoid foreclosure | New Pittsburgh Courier – New Pittsburgh Courier

Full Coverage

     
 
 

Torrington’s responsive blight enforcement is working, mayor says – The Register Citizen

The Register Citizen

“It’s one of three foreclosures that are pending. … “The High Street property is a foreclosure that was completed in July,” Muschell said.

     
 
 

The 2022 Market Forecast for Real Estate in San Diego – California News Times

California News Times

With the foreclosure moratorium ending in September, it’s expected that many people will be forced into considering distressed sales to pay off …

Foreclosure or Selling – real estate wanted – Craigslist – Youngstown – Craigslist – Youngstown

Full Coverage

     
 
 

Torrington’s responsive blight enforcement is working, mayor says – Fairfield Citizen

Fairfield Citizen

As part of its ongoing efforts to combat blight, Torrington recently foreclosed on a house on High Street. The city plans to sell it.

     
 
 

Torrington’s responsive blight enforcement is working, mayor says – Westport News

Westport News

… Torrington recently foreclosed on a house on High Street. … were considered for foreclosure, but action was only taken on one property, …

     
 
 

Realty firm stumbles on Oswald Centre | Crain’s Cleveland Business

Crain’s Cleveland Business

The 21-story tower long known as the former Diamond Building at 1100 Superior Ave. is the subject of a foreclosure proceeding on a securitized …

     
 
 

Fitch Assigns Expected Ratings to Athena 2021-2PP Trust; Outlook Stable

Fitch Ratings

Credit Enhancement Provides Buffer Over Expected ‘AAAsf’ Losses: The ‘AAAsf’ weighted-average foreclosure frequency (WAFF) of 6.7%, …

     
 
 

Your Money: Why reverse annuity mortgage has few takers – The Financial Express

The Financial Express

Importantly, regulation protects senior citizens from eviction and foreclosure until any of the two spouses is alive.

     
 
 

Considering donating to help HOMECorp provide affordable housing (Letter to the editor …

Montclair Local

We have also provided housing counseling, financial literacy programs and foreclosure prevention classes to the members of our community.

     
 
 

Carr: Human Trafficking Prosecution Unit Arrests Four Individuals in Fulton County | Office of …

Georgia Attorney General – Georgia.gov

… Mortgage and Foreclosure Information · Outside Counsel Fee Information · Lactation Room Rules and Participation Agreement · Legal Resources.

     
 
 

$400 Refund for Michigan Drivers – YouTube

YouTube

A Foreclosure Auction Goes Wrong…The Banksters Dancing. Matthew Weidner. Matthew Weidner. •. 1.2M views 6 years ago …

     
 
 

Newsday’s Maura McDermott wins award for real estate stories

Newsday

The other two articles were “Back on the brink: Foreclosure cases to resume for some” and “Mortgage protections expire soon, and distressed …

     
 
 

Taunton Chris Coute: Niaki Medical Building renovated, sold for $4.7M

Taunton Daily Gazette

When Chris Coute bought the former Niaki Medical Building at foreclosure in 2018, the vacant building had become a flop house for homeless people.

     
 
 

How to Make Money in Real Estate – Small Business Trends

Small Business Trends

You can be the person who buys a foreclosure as an investment property, to either rent or sell. There are investors whose entire real estate …

HUD Homes – HUDHomeStore.com – HUDHomeStore.com

78460 Foreclosures & Short Sales – Coldwell Banker – Coldwell Banker

Full Coverage

     
 
 

US Mortgage Credit Availability Dips in November – World Property Journal

World Property Journal

Monthly Foreclosure Activity in the U.S. Dips in November … U.S. Property Foreclosures Rising Again During October · Post-Covid, Texas Housing …

     
 
 

CUMBERLAND COUNTY SHERIFF’S SALE | Legal Announcements | pressofatlanticcity.com

CUMBERLAND COUNTY SHERIFF’S SALE | Legal Announcements | pressofatlanticcity.com

MADE PAYABLE TO THE SHERIFF OF CUMBERLAND COUNTY, from the successful bidder IMMEDIATELY upon the conclusion of the foreclosure sale.

     
 
 

HUD Announces Disaster Assistance for Kentucky Disaster Survivors – MarketScreener

MarketScreener

Providing immediate foreclosure relief in counties covered by the major disaster declaration – HUD’s automatic 90-day moratorium on foreclosures …

     
 
 

#Google is Expanding the Library of #Stadia Games by Adding 6 Stadia Pro Games for … – LatestLY

LatestLY

According to 9To5Google, “Transformers: Battlegrounds”, “Wreckfest”, “Destroy All Humans”, “The Falconeer: Warrior Edition”, and “Foreclosed” are …

     
 
 

Who Inherits the Property After the Death of the Cosigner? – Legal Reader

Legal Reader

This means when you are unable to meet the payments, then the lender can foreclosure the house and demand payment from the cosigner.

     
 
 

notice to absent defendant superior court of new jersey chancery division atlantic county docket no.

Press of Atlantic City

… are hereby made a party defendant to this foreclosure action because … being foreclosed herein and may be liable for any deficiency thereon, …

     
 
 

178 Hopetoun Avenue Sells For $35M+ After Four Days On The Market – Boss Hunting

Boss Hunting

The One Mansion – Most Expensive House In America Foreclosure sale. Nobody Wanted To Pay For This $690M Mansion, Now It’s Being Foreclosed.

     
 
 

Danville: Developer begins application process for 158-unit condo project at Borel property …

| DanvilleSanRamon.com |

… in loans and claims against the property in order to keep the struggling Borel trust solvent, and to prevent foreclosure of the property.

     
 
 

Is the Younger Workforce More Inclined Towards Unionization? – Scoop

Scoop – Market.us

… just before the newspaper’s owner, McClatchy, was bought out through a foreclosure sale by hedge investor Chatham Asset Management.

     
 
  WEB  
 

Franklin County Foreclosures

Ohio.gov

     
 
 

Foreclosure Investing for Dummies – 2nd Edition by Ralph R Roberts & Joseph Kraynak (Paperback)

Target

Read reviews and buy Foreclosure Investing for Dummies – 2nd Edition by Ralph R Roberts & Joseph Kraynak (Paperback) at Target.

     
 
 

Preserving Community Assets: Do Foreclosure Sales Need to Negatively Impact the Neighborhood?

Taylor & Francis Online

Research has linked concentrated foreclosures with negative neighborhood outcomes; for instance, increased crime and decreased property values.

     
 
 

Foreclosure Prevention – 211 Lifeline

211 Lifeline

provided by Cayuga County Homsite Development Corporation. * Provides foreclosure prevention workshops. Eligibility: Call for information. Application …

     
 
 

Foreclosure | 100Words – 100 Word Story

100 Word Story

Foreclosure · Image of crayon on a wall. They ordered beef bourguignon and an expensive bottle of cabernet, something extravagant to celebrate the …

     
 
 

Fundraiser by Angela Ramsey : Family facing foreclosure – GoFundMe

GoFundMe

First ,let me start by saying I am having a difficult time posting thi… Angela Ramsey needs your support for Family facing foreclosure.

     
 
 

NASA Federal Credit Union hiring Bankruptcy/Foreclosure Coordinator in Upper Marlboro …

LinkedIn

Posted 6:07:42 AM. OverviewNASA FCU employees are mandated to be fully vaccinated by December 8, 2021 , unless…See this and similar jobs on …

     
 
 

11 Foreclosure Litigation Attorney Jobs in Towson MD Near Me | LawCrossing.com

Law Crossing

11 Foreclosure Litigation Attorney Jobs in Towson are now available on LawCrossing.com, America’s #1 Legal Job Site. Your legal job search ends …

     
 
 

Mortgage Foreclosure Clinic – Nassau County Bar Association

Nassau County Bar Association

Mortgage Foreclosure Clinic. January 24, 2022 @ 3:00 pm – 6:00 pm.

     
 
 

Idaho Housing and Finance Association hiring Foreclosure Specialist- $1000 Sign On Bonus!

LinkedIn

&&&&We are looking for talented people to join us to assist in our foreclosure department. Come join us!&&&&&&We are paying $1,000 Sign On Bonus …

     
 
 

Foreclosure Cleanup Cash Program Discount Code | Free Shipping Coupon – Dictionar de sinonime

Dictionar de sinonime

Enjoy discounts by using Foreclosure Cleanup Cash Program discount codes and sales for this December. Grab big savings from 13 veirified …

     
 
 

Download house foreclosure Icon 1309488 | Noun Project

Noun Project

house foreclosure icon by Symbolon. Download this SVG and PNG house foreclosure icon today. Browse free icons or unlimited royalty-free icons with …

     
 
 

619 Harte, Iraan, TX 79744. Starting Bid at $93,600 2nd Chance Foreclosure Auction … – Xome

Xome

For information and to register to bid on this property, please visit Xome.com. Foreclosure deed was recorded on 08/2021 …

     
 
 

The foreclosure crisis has been particularly | Chegg.com

Chegg

Question: The foreclosure crisis has been particularly devastating in housing markets in much of the south and west United States, but even when …

     
 

 

     
 

FRAUD STOPPERS Daily News Update ⋅ December 13, 2021

 
     
 

SAPD, Crime Stoppers need help identifying 2 suspects who used stolen credit cards from …

KSAT 12

NE Bexar county Fraud/Forgery/Credit Card Abuse crime stoppers image (KSAT) … SAN ANTONIO – The San Antonio Police Department and Crime Stoppers …

     
 
 

Ex-NFL receiver sentenced to prison for COVID-19 relief fraud scheme | 8News – WRIC

WRIC

Ex-NFL receiver sentenced to prison for COVID-19 relief fraud scheme … Hanover County Crime Stoppers searching for felony suspect …

     
 
 

Crime Stoppers: Two suspects wanted for trying to use several stolen credit cards | WOAI

News 4 San Antonio

SAN ANTONIO — San Antonio police need your help to track down a couple of suspects involved in fraud and credit card abuse. On Sunday Dec.

     
 
 

Ex-NFL receiver sentenced to prison for COVID-19 relief fraud scheme – FOX 56 Lexington

FOX 56 Lexington

Local · Kentucky · Crime Stoppers · Spirit of the Bluegrass · 5 Things To Know · Nation and World · Trending · Health and Wellness · Coronavirus …

     
 
 

Woman charged after alleged $1 million BEC property scam identified – Cybercrime Squad

Latest News – NSW Police Public Site

Anyone with information regarding fraudulent online activity is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au.

     
 
 

Man extradited from Victoria to face fraud charges – Queensland Police News

Queensland Police News

A 59-year-old man will appear in the Brisbane Magistrates Court on Monday, December 13 after detectives from the Financial and Cyber Crime Group.

     
 
 

Two Detroit Area Men Plead Guilty to Unemployment Fraud Scheme | MI Headlines

MI Headlines

… and Larry Witherspoon, 46, of Harper Woods. Both pleaded guilty to charges of wire fraud and will be sentenced before United States District… |

     
 

 

     
 

Mortgage Fraud Daily News Update ⋅ December 13, 2021

 
     
 

New Jersey Attorney Disbarred Following Conviction in $873K Mortgage Fraud Scheme – Law.com

Law.com

… in a mortgage fraud case that totaled nearly $1 million in stolen funds. … falsifying settlement statements and diverting loan proceeds.

     
 
 

24-year-old Nigerian woman face 30-year jail term for $1.9 million fraud in US – The Guardian Nigeria

The Guardian Nigeria

“To support these applications, Kasali also submitted fraudulent tax records. Kasali ultimately received over $1.9 million in PPP loan funds.” The …

     
 
 

Liz Weston: Difference between credit scores was shocking. Is it financial fraud? – oregonlive.com

Oregon Live

Meanwhile, mortgage lenders tend to use much older versions of the FICO formula. Scores also can be tweaked for different types of lending, …

     
 
 

Two-year sentence recommended for Patrick McKee in federal fraud case | News, Sports …

Minot Daily News

McKee’s subterfuge came to light after he used the stolen identity on a USDA home mortgage loan application in North Dakota in 2017 and to obtain …

     
 
 

Atlanta businessman took out loan with check and bought luxury Range Rover pickup …

Community News

… businessman Brandon Ridge was convicted for obtaining a fraudulent loan of $160,000 from the Paycheck Protection Program (“PPP”), …

     
 
 

Atlanta businessman took out stimulus check loan and bought a luxury Range Rover pickup – CVBJ

CVBJ

… businessman Brandon Ridge was sentenced for obtaining a fraudulent $ 160,000 loan from the Paycheck Protection Program (“PPP”), which you used …

     
 
 

Government plans fraud task force to tackle bank scams tsunami | This is Money

This is Money

More than £745m was stolen from customers’ bank accounts in the first half of this year, and push-payment fraud went up by 70 per cent.

     
 
 

BTR fraud – new case shows how much of a threat it could pose

Property Investor Today

The latest statistics from Cifas revealed that mortgage fraud is up…

     
 
 

Employee Insiders Suspected of Stealing UK Banking Data – PYMNTS.com

PYMNTS.com

Over 2,000 employees on a shared fraud database since 2016 were flagged by High Street banks, mortgage brokers and insurance companies, …

     
 
 

45% of first-time buyers rejected for mortgage, Aldermore finds

Mortgage Finance Gazette

Just one third of first-time borrowers mortgage borrowers had their loans applications accepted on the first attempt, according to a report.

     
 
 

‘Consumers should be on their guard’ – the Government targets fraud in run-up to Christmas …

Daily Express

Loan fee fraud, where fraudsters reach out to the victim and offer them a loan but demand an upfront fee for the money that the victim ultimately …

     
 
 

UBS-Citigroup Commercial Mortgage Trust 2011-C1 — Moody’s affirms two, downgrades five …

Yahoo Finance

Rating Action: Moody’s affirms two, downgrades five classes and places two classes on review for downgrade in UBSC 2011-C1Global Credit Research …

     
 
 

USAA’s ‘Service to Startup’ contest aims at finding, funding next generation of veteran entrepre…

YouTube

Mortgage Fraud Lawsuit. ToolsforJustice. ToolsforJustice. •. 9K views 9 years ago · ‘Tesla as the World’s Biggest Robot Company:’ Elon Musk on AI …

     
 
 

SBALR Commercial Mortgage 2020-RR1 Trust — Moody’s affirms eight classes of … – Yahoo Finance

Yahoo Finance

The certificates are collateralized by 58 mortgage loans ranging in size … including but not limited to by any negligence (but excluding fraud, …

     
 
 

Gift card scams spiked in 2021. Here’s how to avoid getting duped | Personal Finance | scnow.com

SCNOW

Gift card scams are on the rise—and they may be happening just feet from … from a mortgage or personal loan to credit cards and student loans.

     
 
 

Gift card scams spiked in 2021. Here’s how to avoid getting duped – Martinsville Bulletin

Martinsville Bulletin

Today’s Mortgage Rates Rise | December 6, 2021. Dec 6, 2021.

     
 
 

House prices ‘undervalued’ going off mortgage serviceability: InvestorKit – Mortgage Business

Mortgage Business

If home loan rates were to rise by 1 percentage point, to 4.5 per cent, … AUSTRAC warns financial companies on disaster payment fraud.

     
 
 

Valley Bank Names New President and First Farmers and Merchants Bank Appoints …

Banking Exchange

Acting Comptroller Encourages Banks to ‘… Weak loan demand, low net interest margins, and cyber threats continue to harm banks …

     
 
 

Macy’s To Close 10 Stores Next Month: Will FL Be Included? | St. Pete, FL Patch

Patch

Neighbor Posts · Local Marketplace · Calendar; Real Estate. Real Estate Listings · Real Estate News · Mortgage · See all communities …

     
 
 

Acting Comptroller Encourages Banks to ‘Explore Opportunities’ of Special Purpose Credit …

Banking Exchange

… credit programs to help address long-standing home mortgage credit needs for groups that have been economically disadvantaged,” said Hsu.

     
 
 

2021 to be strongest year for mortgage lending in 14 years with ‘more stable’ housing …

Wales Online

House purchases have been the main driver of lending in 2021, while homeowner re-mortgaging activity has been slightly down on last year, UK Finance …

     
 
 

Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Owlet, Inc …

Benzinga

(OWLT) That a Securities Fraud Class Action Lawsuit Has Been Filed On Their Behalf. PRNewswire. December 11 …

     
 
 

FHB affordability dire in Tasmania: NHFIC – Mortgage Business

Mortgage Business

Sarah Simpkins is the news editor across Mortgage Business and The Adviser. … AUSTRAC warns financial companies on disaster payment fraud.

     
 
 

LATEST PODCAST: A new record high for auctions – Mortgage Business

Mortgage Business

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

     
 
 

2022: What’s On The Horizon For UK White Collar Crime And Investigations? – Criminal Law – UK

Mondaq

… fraud or an investigation, we can advise on proceedings carried out by a … tycoon suspected of involvement in a £50 million mortgage fraud.

     
 
 

Birmingham fraudster stole life savings from retired nurse – BBC News

BBC

He was jailed for five years and four months after admitting fraud. The 78-year-old victim has had to re-mortgage her house and is still having to …

     
 
 

£510m crackdown on benefits fraud – Your Money

YourMoney.com

The government has announced £510m in funding to target fraudsters lying to the Department for Work and Pensions (DWP) about their benefit claims.

     
 
 

Series Of Police Chiefs Committed Retirement Fraud, CalPERS Audit Alleges – Patch

Patch

Three former Broadmoor police chiefs and a retired commander were “unlawfully employed” and defrauded the pension system for years.

     
 
 

Universal Credit: DWP to get £510m boost to tackle benefit fraud – Wales Online

Wales Online

Work and Pensions Secretary Therese Coffey said: “Investing in measures to fight fraud protects honest taxpayers’ money and stops criminals funding …

     
 
 

Financial Literacy 101: Fraud (Virtual) | Cambridge, MA Patch

Patch

The best way to protect ourselves from fraud is to learn exactly how it takes place and share this information with others. Scam artist prey upon …

     
 
 

BoE plans to scrap interest rate check for mortgage borrowers – FX Empire

FX Empire

LONDON (Reuters) – The Bank of England said on Monday that it wanted to remove a requirement that mortgage borrowers must be able to afford a 3 …

     
 
 

The Cambridge’s Simpson appointed to Imla management committee – Mortgage Finance Gazette

Mortgage Finance Gazette

Cambridge Building Society’s head of lending Tracy Simpson has been elected to the management committee of the Intermediary Mortgage Lenders …

     
 
 

Variable, fixed or mixed mortgage? The most interesting offers from banks before 2022 …

HelloSolar.info

With the countdown on, 2021 leaves a mortgage market burning. Competition between Spanish entities has not stopped growing month after month, …

     
 
 

Inside payment, Wells Fargo consented to spend $1 – Adotas

Adotas

… settled civil financial scam statements against Wells Fargo Bank, … Wells Fargo have longer taken advantage of the FHA mortgage insurance …

     
 

 

 

Stop Foreclosure, Sue for Breach of Contract 

Now is the perfect time to stand up for your legal rights and sue for beach of contract, mortgage fraud, and foreclosure fraud because the legal tide is beginning to turn, and homeowners are starting to win! In 2016 the California Supreme Court ruled in Yvanova v. New Century Mortgage Corporation (Case No. S218973, Cal. Sup. Ct. February 18, 2016) that homeowners have legal standing to challenge an assignment of the mortgage loan contract in an action for wrongful foreclosure on the grounds that the assignment(s) is/are void. Obviously if the court had ruled differently, the banks would have had carte blanche to forge mortgage assignments with wild abandon. In fact, without a system of endorsements and assignments it would be impossible to determine who has a legitimate interest in the property!

In THE PAPER CHASE: SECURITIZATION, FORECLOSURE, AND THE UNCERTAINTY OF MORTGAGE TITLE ADAM J. LEVITIN writes “the mortgage foreclosure crisis raises legal questions as important as its economic impact. Questions that were straightforward and uncontroversial a generation ago today threaten the stability of a $13 trillion mortgage market: Who has standing to foreclose? If a foreclosure was done improperly, what is the effect? And what is the proper legal method for transferring mortgages? These questions implicate the clarity of title for property nationwide and pose a too- big-to-fail problem for the courts.

The legal confusion stems from the existence of competing systems for establishing title to mortgages and transferring those rights. Historically, mortgage title was established and transferred through the “public demonstration” regimes of UCC Article 3 and land recordation systems. This arrangement worked satisfactorily when mortgages were rarely transferred. Mortgage finance, however, shifted to securitization, which involves repeated bulk transfers of mortgages.

Like many other cases, current trial court decisions are getting reversed because the courts are waking up to the reality of the rule of law. What they have been following is an off the books rule of “anything but a free house.” However a recent Yale Law Review Article eviscerates the assumptions of a free house for the homeowners and destroys the myth that somehow that policy has saved the nation. You can read the Yale Law Review article “In Defense of “Free Houses” for more information on this tide change.

To facilitate securitization, deal architects developed alternative “contracting” regimes for mortgage title: UCC Article 9 and MERS, a private mortgage registry. These new regimes reduced the cost of securitization by dispensing with demonstrative formalities, but at the expense of reduced clarity of title, which raised the costs of mortgage enforcement. This trade-off benefited the securitization industry at the expense of securitization investors because it became apparent only subsequently with the rise in mortgage foreclosures. The harm, however, has not been limited to securitization investors. Clouded mortgage title has significant negative externalities on the economy as a whole.

If your loan contains fraud or it was securitized then your lender may have breached your mortgage loan contract, and therefore your mortgage loan contract could be legally challenged in a court of law. If your mortgage loan contract is declared legally void, then any assignments of the mortgage loan contract, or subsequent assignments, could also be declared legally void.

Securitization is the process of taking an asset and transforming them into a security. A typical example of securitization is a mortgage-backed security (MBS), which is a type of asset-backed security that is secured by a collection of mortgages. Keep in mind that it is perfectly legal for banks to create mortgage-backed securities (MBS’s); however there are significant legal ramifications that will either harm you, or benefit you, depending on what actions you take in response to the fact that your mortgage or deed of trust is legally void resulting in your property, in reality, being unsecured, just like a unsecured credit card debt. What’s in your wallet?

This is why we recommend that you take immediate action and sue for the remedy the law entitles you to, and that you deserve. Treble damages and clear and free title to your home. Not sure if your loan contains mortgage fraud or if it was securitized, no problem, we will do a free mortgage fraud analysis and free Bloomberg securitization search for you.

Many of the programs that had modest success in the early days have fallen into disfavor as banks have enacted strategies to counter their progress. The banks are not going to go down without a serious fight. They have a large arsenal of tools to use, and the legal muscle to keep the industry off balance. This is not a static game. The reason that banks have been successful, for the most part, in protecting the large number of mortgages that were securitized is that there is an intricate web of legal theories that they hide behind to justify what they have done. In effect, they have created a shell game where the ball seems to move around in defiance of the laws of physics.

The banks are relying on a complex interaction between UCC 3 commercial paper law, UCC 9 securitization law, bailment law, agency law and local laws of the jurisdiction where the property is located. They would have us believe that what they have been doing since the 1970’s is perfectly legitimate. Many lawyers who have challenged the banks have gotten close to exposing the scheme only to find that judges retreat away from the complexity of the legal theories involved and fall back on procedural barriers under the auspices of protecting the equitable interests of the banks and their agents.

FRAUD STOPPERS Foreclosure Defense Program has moved the bar forward in many substantial ways:

  • Our Private Administrative process is a targeted approach to Informal Discovery:
  • 3-501. PRESENTMENT or States equivalent
  • Mortgage Error Resolution/Request for Information: If you believe there is an error on your mortgage loan statement or you’d like to request information related to your mortgage loan servicing, you must exercise certain rights under Federal law related to resolving errors and requesting information about your mortgage loan. If you think your credit report, bill or your mortgage loan account contains an error, or if you need more information about your mortgage loan, you send a written letter concerning your error and/or request.
  • Cutting edge mortgage fraud examination and court ready lawsuits and trial ready evidence to win your case
  • Nationwide foreclosure defense attorneys and Pro Se litigation education and support products and services

Subsection of Presentment (example Covenant 8 of UCC3 Note) shows NOTE and under paragraph 1 states: “BORROWER’S PROMISE TO PAY: In return for a loan that I have received, I promise to pay….

MULTI STATE FIXED RATE NOTE–Single Family–Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3200 1/01 (page 1 of 3 pages) Covenant:

  1. WAIVERS

I and any other person who has obligations under this Note waive the rights of Presentment and Notice of Dishonor. “Presentment” means the right to require the Note Holder to demand payment of amounts due. “Notice of Dishonor” means the right to require the Note Holder to give notice to other persons that amounts due have not been paid.

  • 15 U.S. Code § 1692g – Validation of debts

Often a debt collector cannot validate a debt and therefore cannot legally enforce collections.

  • Truth In Lending Act (TILA RESCISSION) codified in 12 CFR Part 226 (Regulation Z); particularly§ 226.34 Prohibited acts and §226.32 sub-paragraph (ii) et seq. predatory lending practices

A mortgage loan covered by the Truth in Lending Act may be rescinded by mailing a Rescission Letter to the purported lender, forcing the purported lender/creditor to oppose that rescission with a lawsuit within 20 days or lose all opposition rights.

  • The primary focus of the legal aspect of our program revolves around taking the theories and best practices that have been most successful around the country and make refinements.

“Here, the specific defect alleged is that the attempted transfers were made after the closing date of the securitized trust holding the pooled mortgages and therefore the transfers were ineffective.

  • Our program seeks to avoid getting mired in the complexity of the various areas of law involved, instead focusing on a simple, focused approach that makes it harder for judges to avoid the strength of our core arguments.
  • The PMA trustees and executive team have a diverse set of skills and significant experience in the core areas that will improve the success factors for our operations.

We have spent an exhaustive amount of time analyzing all of the cases that have been successful in resolving mortgage securitization problems. We have designed our legal information litigation strategy to hit the banks hard and fast where they are most vulnerable.

Our primary focus is on getting clear and marketable title to the property by arguing that the actions of the banks have made the security provisions of the mortgage/deed of trust unenforceable.

Instead of fighting the foreclosure itself head-on, we argue that none of the banks or their agents has the right to enforce the foreclosure provisions of the Mortgage/Deed of Trust. In effect, if none of the banks have standing to enforce the foreclosure provision, we are entitled AS A MATTER OF LAW to a declaratory judgment of Breach of Contract (Security Agreement) that is res judicata, i.e., a permanent ban on foreclosure.

The Stand & Fight Program is a complete program that provides you with everything you need:

  • Administrated Process
  • Court Ready Chain of Title Investigation and Signed Affidavit
  • Complaint along with all exhibits
  • Legal Research
  • Legal Briefs
  • Motions
  • Answers
  • Interrogatories
  • Depositions
  • Case Management for Local Civil Rules of Procedures
  • Training and Support

Take action right now and get the FACTS and HELP that you need to gain the legal remedy that the law entitles you to, and that you deserve!

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For information on foreclosure defense call us at 800-459-1215. We offer litigation support, admissible evidence, expert witness testimony, education, training, and support in all 50 states to attorneys and pro se homeowners.

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THIS SITE IS NOT INTENDED TO BE MISCONSTRUED AS LEGAL ADVICE. FRAUD STOPPERS is a Private Members Association PMA. FRAUD STOPPERS PMA is NOT a law firm, non-profit organization, or government agency.  FRAUD STOPPERS PMA does not operate in the public sector. Although this website is visible to the public  FRAUD STOPPERS PMA does not intend for any information contained in this website to be considered as legal advise.

The information about Foreclosure law and other legal information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.  Information on this website may not constitute the most up-to-date legal or other information.  This website contains links to other third-party websites.  Such links are only for the convenience of the reader, user or browser; FRAUD STOPPERS and its members do not recommend or endorse the contents of the third-party sites.

Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter.  No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction.  Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.  Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client relationship between the reader, user, or browser and website authors, contributors, contributing law firms, or committee members and their respective employers. This site provides “information” about the law and is only designed to help users safely cope with their own legal needs. But legal information is not the same as legal advice — the application of law to an individual’s specific circumstances.

The views expressed at, or through, this site are those of the individual authors writing in their individual capacities only – not those of their respective employers, FRAUD STOPPERS, or committee/task force as a whole.  All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed.  The content on this posting is provided “as is;” no representations are made that the content is error-free.

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