Foreclosure Daily update ⋅ September 2, 2022




4 Costly Dangers of Buying a Foreclosure—and How To Avoid Them –

Buying a foreclosure can be complicated, and that seemingly cut-rate deal may not save you as much money as you anticipated.

Metairie, LA Online Property Auctions & Foreclosures for Sale – –

Northern wisconsin real estate foreclosures. Cabin comes mostly furni… –

Foreclosures in newark delaware. A free service, LegalMatch has a 98 –

Full Coverage





Report: Children Exposed to Foreclosures Experience Delinquency, High Credit Use

DS News

The bank studied the long-term effects of foreclosure-induced relocations on adolescents and their subsequent use of credit. Those who experienced a …

New Mexico has $47 million left to help homeowners fearing foreclosure – News From The States

Full Coverage





Fortis faces foreclosure on large Cobble Hill condo project – The Real Deal

The Real Deal

Lender Madison Realty Capital is pursuing a UCC foreclosure on two Fortis Property Group condo development sites in Cobble Hill.





Foreclosures | North Vernon |

Madison Courier

Nationstar Mortgage LLC vs. Unknown Heirs and Devisees of Stan Reeves, State of Indiana Department of Revenue.





Mortgage Foreclosure Sale – Liesl Schutt | Legals |

Auburn Villager

MORTGAGE FORECLOSURE SALE. Default having being made in the payment of the indebtedness secured by that certain mortgage dated September 27, …





Mortgage Foreclosure Sale – Jackson | Legals |

Auburn Villager

MORTGAGE FORECLOSURE SALE. State of Alabama, County of Lee. Default having been made in the payment of the indebtedness secured by that certain …

WAYNE COUNTY TAX FORECLOSURE SALE The following property will be offered for sale … – Wayne County, NC

Full Coverage






Cadillac News

NOTICE OF FORECLOSURE BY ADVERTISEMENT Notice under MCL 600.3212: Pursuant to MCL 600.3212, if the property is sold at a foreclosure sale under …





Mortgage Foreclosure Sale – Wade Wilkinson | Legals |

Auburn Villager

MORTGAGE FORECLOSURE SALE. Default having been made in the payment of the indebtedness secured by that certain mortgage executed by Wade Wilkinson …





Town Center at Cobb poised for transformation year after foreclosure

The Business Journals

“This isn’t us creating a plan and telling other people what to do,” said Tracy Styf, executive director of the Town Center CID.





Legals | Clay County Progress, Hayesville, North Carolina

Clay County Progress

Hayesville, NC 28904, for the Estate of Emil Robert Leskanic, on or before December 5, 2022, or this Notice will be pleaded in bar of their recovery.





ATTOM VP of Data Acquisitions, Jo Ellen Bergstrom, Selected By HousingWire As 2022 Insider

ATTOM Data Solutions

With over 35 years in the title industry, and 18 of those years at ATTOM, Jo Ellen’s ability to serve as a subject matter expert in foreclosures …





Lender Wins Foreclosure Auction On South Florida Mall With $43M Bid – Bisnow


Plantation’s Broward Mall is under new ownership after a CMBS trust scored the winning bid by paying out $43M in a foreclosure auction.





RENE MITCHELL v. U.S. BANK NATIONAL ASSOCIATION, et al., | Maryland Daily Record

Maryland Daily Record

Real property — Foreclosure action — Tortious interference On September 2, 2020, Appellant, Rene Mitchell, filed an action against Appellees, …





Saving Ren’s: Supporters of popular service station launch campaign to raise $125K to save …

Daily Hampshire Gazette

AMHERST — A lawsuit alleging breach of contract and a looming foreclosure on its downtown building that could force one of Amherst’s …






Finger Lakes Times

In pursuance of a Judgment of Foreclosure and Sale entered in the Office of the County Clerk of Yates County on August 13, 2021, I, …

Delinquent Taxes – Delaware County – Delaware County

Full Coverage





Public Notices – Columbia Star

Columbia Star

To be considered for any available Foreclosure Intervention, you may communicate with and otherwise deal with the Plaintiff through its law firm, …

Foreclosure and Mortgage Banking – Watson, McMillin and Street, LLP – Watson, McMillin and Street, LLP

Debtor Cannot Defend Foreclosure After Surrendering Property – Klein Law Group – Klein Law Group

Foreclosure Fraud: Watch Out for Con Artists Who Make Offers They cannot Fulfill. This … – Livinglies’s Weblog

Full Coverage





Public Notices – Massapequa Post

Massapequa Post

TRUST, Plaintiff, vs. DONALD E. REIHER, ET AL., Defendant(s). Pursuant to a Judgment of Foreclosure and Sale duly entered on …






Superior Telegram

NOTICE OF FORECLOSURE SALE Case No. 21-CV-000196 PLEASE TAKE NOTICE that by virtue of a judgment of foreclosure entered on December 22, …





Classifieds –

Lima News

LEGAL NOTICE Sale of Real Estate Delaware County Foreclosure Auction. Case# 22 CV E 05 0246. Wells Fargo Bank, N.A. vs Payne, Dana M. , et al.

Foreclosure/Trustee Auction – E-21352O –

Full Coverage





City reaches settlement with JPC landlord as tenants’ fears mount over water shutoff


The four apartment complexes have been foreclosed in the past two months by … They filed for foreclosure on July 7, citing in the complaint, …





EST/RAY, M. | Legal Announcements |

The Wetumpka Herald






FHFA Announces Review Of Federal Home Loan Bank System

National Mortgage Professional

FHFA Foreclosure Prevention and Refinance Report. The review will include a series of listening sessions and regional roundtable discussions.





Free open house legal clinic set for Oct. 24

Long Island Business News

The bar association also offers multiple mortgage foreclosure clinics throughout the year to assist those who have been affected by mortgage …

News Flash • Pierce County, WA • CivicEngage – Pierce County

Full Coverage





Public Notices September 1, 2022 | The Pagosa Springs SUN

The Pagosa Springs SUN


“County OKs budget, tax rate, online foreclosure sale” by: Mike Reddell – The Bay City Sentinel

Full Coverage





Three teens save Livonia family from house fire – Yahoo News

Yahoo News

Family fights to keep Green Valley Ranch home following HOA foreclosure. 6d ago ·KMGH – Denver Scripps. 2:25. KTVI – St. Louis.





Public Notices – – Babylon Beacon

Babylon Beacon

Concerning Public Auctions of Foreclosed Property … GIVEN pursuant to a Final Judgment of Foreclosure dated May 22, 2019,





Senek Farms in Ransomville has been a family run operation for 100 years – Yahoo News

Yahoo News

Family fights to keep Green Valley Ranch home following HOA foreclosure. 6d ago ·KMGH – Denver Scripps. 2:25. CBS-Chicago.





Clark County Common Pleas Court cases – Springfield News-Sun

Clark County Common Pleas Court cases

Clark County Treasurer, Sean Winders, Unknown Spouse, if any, of Sean Winders, foreclosure. 22CV0413: Bank of America N.A. v.





Windward Bora LLC v. Argueta et al | Radar

Residential solar energy company Sunrun, the State of New York and other defendants were hit with a foreclosure lawsuit Thursday in New York …





100-plus Detroiters given deeds to their homes through city’s Buy Back program – CBS News

CBS News

City officials say the program is to help residents who lost their homes to foreclosure but never left, were victims of real estate and landlord …





kirkpatrick v. Capital One, National Association | R…

Attorneys at Phelps Dunbar on Thursday removed a foreclosure lawsuit against Capital One National Association to Louisiana Eastern District Court.





Sell Your House Fast For Cash In Houston, TX With The Help Of Senna House Buyers

PR Underground

This is especially beneficial if you face foreclosure or need to move for a job. Cash home buyers don’t require financing, so they can complete …





Lending indicators, July 2022 – Australian Bureau of Statistics

Australian Bureau of Statistics

This release is about new borrower-accepted finance commitments for housing, personal and business loans.





In the courts: | News, Sports, Jobs – The Review

In the courts: | News, Sports, Jobs – The Review

Columbiana County treasurer vs. unknown heirs of Joseph A. Cooper (deceased); foreclosure granted on a West Fifth Street, Salem, property.





The Housing Crisis Nobody’s Talking About | Palm Beach Research Group

Palm Beach Research Group

More than 10 million people had lost their homes to foreclosure during the ensuing housing crisis. I have to admit. When I first got the keys, …

Expanded Lessons on the Foreclosure Mind and Legal System – Z88.3 – Z88.3

Full Coverage





California home sales volume tumbles in July 2022 | firsttuesday Journal

First Tuesday Journal

an eviction and foreclosure moratorium, which allowed renters and homeowners unable to make housing payments to remain in their homes (and kept these …





The Summit at Fritz Farm 5 years later – Yahoo News

Yahoo News

Family farm in Mass. facing foreclosure after nearly 80 years of operation. 2d ago ·WCVB – Boston. 2:07. Reuters Videos.





What Failed JonBenet House Sale May Mean for the Watts Home Auction | Westword

Denver Westword

The home where Christopher Watts killed his family will be auctioned, but judging by the failure to sell the house where JonBenet Ramsey died, …





Frisco Named Best Place To Buy A Home In The US – Local Profile

Local Profile

The points were divided into topics such as foreclosure rates, appreciation values, median credit score and many other factors that determine …





Public Notices – Amityville Record

Amityville Record

The foreclosure sale will be conducted in accordance with the 10th Judicial District’s Covid-19 Policies and the Suffolk County Foreclosure Auction …





Trump-Appointed Judge Dismisses Carter Page Lawsuit Against the FBI Despite Finding …

Law & Crime

There is little question that many individual defendants, as well as the agency as a whole, engaged in wrongdoing,” the judge notes, while tossing …





No Down Payment Mortgages Are Back. Can They Close the Homeownership Gap?

… have been done safely before and aren’t as risky as the subprime loans that went bust in the mid-2000s, triggering the foreclosure crisis.





S.311 CrPC | No Party In A Trial Can Be Foreclosed From Correcting Errors, Benefit Of …

Live Law

S.311 CrPC | No Party In A Trial Can Be Foreclosed From Correcting Errors, Benefit Of Lacunae In Prosecution Case Must Go To Accused: Tripura HC.





Wisconsin Public Notices – FDL Reporter

FDL Reporter

From foreclosures to bids and proposals, the latest notices straight to your … (Foreclosure of Mortgage) The amount claimed exceeds $10,000.00 .






Telegraph Herald

The petition was filed on March 25, 2022, and prays for foreclosure of … that the Mortgage on the above described real estate be foreclosed, …





Fannie Mae, Freddie Mac, Cenlar, Fairway make leadership moves

National Mortgage News

Sharp brings expertise in foreclosure from past positions at Nationstar Mortgage (now known as Mr. Cooper), and more recently, PennyMac, …





Hancock Superior Court 1 – The Daily Reporter – Greenfield Indiana

The Daily Reporter

Peggy A. and Roy W. Tibbs, mortgage foreclosure. Citibank N.A. v. Cherilyn Neal, civil collection. Midland Credit Management Inc. v.





This Weird Tip From Suze Orman Can Help You Avoid Raiding Your Emergency Savings


An emergency fund can also save you from major disasters, such as foreclosure or repossession of your vehicle, by ensuring you have funds to cover …





Mzekewe & Associates fights for the Culture – The Atlanta Voice

The Atlanta Voice

His first case he worked on as a law clerk at Ed Downs and Associates was a foreclosure case. “They’re going to take my house,” was the first …







Tax Foreclosures – City of Dallas

City of Dallas

MainTitleHeader. ​Real Estate. SubTitleHeader. ​Tax Foreclosures. Page Content. Tax Foreclosure Sale – August 4, 2022. Tax Foreclosure Sale …





Avoid Foreclosure – Schaumburg Business Association

Schaumburg Business Association

List of Avoid Foreclosure + businesses in Schaumburg Business Association. … Avoid Foreclosure. « Back To SubCategories. Search Options ».





Read Book Communicative Capitalism Circulation And The Foreclosure

Communicative Capitalism: Circulation and the Foreclosure of Politics Jodi Dean. Jodi Dean Author In- formation. JODI DEAN IS A POLITICAL THEORIST …





Never bully this boy too many times – Facebook


If you are on the verge of foreclosure, looking to relocate, or just want to know what your home is worth get your home estimate today!





Md. Code Regs. – General | State Regulations – Legal Information Institute

Legal Information Institute – Cornell University

B. Operating assistance grants under the Housing Counseling and Foreclosure Mediation Fund (HCFMF); and. C. Other housing counseling grants.





Mortgage Fraud

Daily update ⋅ September 2, 2022


After mortgage fraud, he still faces eviction | |

Queens Chronicle

Gotterup in 2017 took a plea deal on only one of the many indictments in the case, involving loan-modification scams, but it didn’t include Jackson’s …




Georgia Men Sentenced for Bank Fraud Scheme that Recruited Homeless

Banker & Tradesman

Access the largest and most comprehensive mortgage loan origination database in New England with round-the-clock interactive access and weekly trend …




Naples man pleads guilty to $2.6M loan fraud – InsuranceNewsNet


Naples man pleads guilty to $2.6M loan fraud … A Naples man pleaded guilty in a scheme that netted him $2.6 million — forfeiting a home, a boat, a 4- …

Cape Town couple convicted of bank fraud and mortgage schemes – My One Pac – My One Pac

Full Coverage




The Justice Insiders: Crime & Punishment, Part 1 – Husch Blackwell

Husch Blackwell

… Sofer is joined by two special guests, a former government prosecutor and a target of one the prosecutor’s investigations into mortgage fraud.

California Mortgage Fraud Lawyer – My Rights Law Group – My Rights Law Group

Full Coverage




First American Data & Analytics’ FraudGuard quickly and accurately flags multiple types of …


FraudGuard enhances efficiency through integrations with leading loanFraud risk is growing as the market shifts away from traditionally …




FCRA: What Is The Fair Credit Reporting Act And Its Purpose? – Quicken Loans

Quicken Loans

Learn more about the FCRA and how it applies to getting your mortgage. … freeze your credit or place a fraud alert on your credit file.

Cape Couple Sentenced For Bank Fraud, Mortgage Schemes & More Latest News Here – The Times Nigeria Newspaper |

Full Coverage




Predatory payday loan companies and fraudsters thrive among uneven laws and stolen data …


With respect to fraudulent behavior, law enforcement is limited in what it can do to prosecute payday loan scams. Some legal payday lenders have …




Millions available for seniors to make home modifications | News by Edition


… grand jury indicted a mortgage loan officer and two real estate agents. They were charged with bank fraud and conspiracy to commit bank fraud.




House Flipping Has Not Flopped – NMP – National Mortgage Professional

National Mortgage Professional

Parallel with ATTOM’s report, National Mortgage Professional also reported in December 2021 that … Former Mortgage Lender Sentenced For Fraud.




UK Hedge Fund Founder Charged in New York With Market Manipulation, Fraud

US News Money

Neil Phillips, 52, of Glen Point Capital LLP, was indicted in Manhattan on four criminal charges including wire fraud, commodities fraud and two …




Shreveport Businesswoman Pleads Guilty in CARES Act Fraud Scheme | USAO-WDLA

Department of Justice

On or about April 20, 2020, as part of the EIDL application process, Massaquoi electronically submitted to the SBA a Loan Authorization and Agreement …




Protecting Your Credit After Identity Theft – Chase Bank

Chase Bank

If you file a fraud report with the Federal Trade Commission (FTC), … Proof of address (mortgage statement, rental agreement or utility bill) …




Today’s Data Is Tomorrow’s Bigger Picture – CoreLogic®


… large datasets to best understand customer needs will drive innovation within existing mortgage, insurance and real estate industry solutions.




How to Protect Yourself from Identity Theft – Chase Bank

Chase Bank

Identity theft is when someone takes your personal data to commit fraud. Learn what ID theft is, how to prevent it, and how to protect yourself …




Michael Gottschlich Complex Commercial Litigation Lawyer – National Law Review

National Law Review

He also assists lending and other financial institutions in mortgage fraud recovery. Mike represents virtually every type of entity up and down …




Myanmar Sentences Suu Kyi to More Jail Time for Election Fraud –

A military-controlled court in Myanmar sentenced deposed civilian leader Aung San Suu Kyi to three more years in prison for alleged election fraud …




Wisconsin man charged with fraud, ID theft in ballot case – Times Union

Times Union

MADISON, Wis. (AP) — Prosecutors charged a Wisconsin man Thursday with election fraud




Quarterly Construction Insights – Q3 2022 – CoreLogic®


… Construction Insights · Home Price Insights · Homeowner Equity Insights · Investor Homebuying · Loan Performance Insight · Mortgage Fraud …




Bank of America announces zero down payment, zero closing cost mortgages for first-time …


The new mortgage, called the Community Affordable Loan Solution, aims to help eligible individuals and families obtain an affordable loan to purchase …




Moody’s upgrades four bonds issued by RCKT Mortgage Trust 2019-1 – Yahoo Finance

Yahoo Finance

Rating Action: Moody’s upgrades four bonds issued by RCKT Mortgage Trust … of transaction parties, inadequate transaction governance and fraud.




Budgeting for Upfront Homebuying Costs – My Home by Freddie Mac

Freddie Mac

You may be able to roll your closing costs into your home loan. … Shopping around for a moving company is also helpful in avoiding moving fraud.




KeyBank, mortgage insurance firm sued over data breach

National Mortgage News

The companies are the latest mortgage businesses to face class action … refinance loan to a borrower based off overstated, fraudulent debt, …




Texas woman pleads guilty to role in $2.6M romance scam – Times Union

Times Union

(AP) — A Texas woman who played a role in internet romance scams that cheated victims out of a total of about $2.6 million pleaded guilty on Thursday …




Rep. Presses Fed Agencies, Crypto Cos. On Fraud Prevention – Law360


… about the steps they are taking to combat cryptocurrency-related fraud and scams. … 5Mortgage Borrower, BofA Agree To Drop Escrow Suit …




Mortgage rates rise again after Fed says it will take ‘forceful’ steps to curb inflation – CBS 58

CBS 58

(CNN) — Mortgage rates continued to climb this week following comments by … Racine County voter charged with election fraud after illegally …




Hudson Valley Man Attempting To Jump From Bridge Pulled To Safety By Officers, Others

Daily Voice

Former Sales Chief Of NY Mortgage Lender Sentenced For $8.9M Fraud Scheme. Upon the arrival of patrols, the man was found mid-span threatening to …




AmeriSave Wholesale, Suburban Morgage Close – NMP – National Mortgage Professional

National Mortgage Professional

As the housing market continues to contract thanks to rising mortgage rates and shrinking affordability, two more mortgage lenders appear to have …




Man who admitted to obtaining ballots for Robin Vos and Cory Mason charged with fraud


Harry Wait faces four felony charges, including two counts of election fraud and two counts of unauthorized use of an individual’s personal …




‘Lost Pet Network’ Helps Reunite Dog With Family In Wading River | Suffolk Daily Voice

Daily Voice

Smithtown Man Who Was Sales Chief Of Mortgage Lender Sentenced For $8.9M Fraud Scheme. The Sheriff’s social media page shared notices about the …




Michael Saylor, MicroStrategy sued for tax fraud by D.C. Attorney General – CoinGeek


Michael Saylor, MicroStrategy sued for tax fraud by D.C. Attorney … borrow more money to buy more bitcoin.. go mortgage your house & buy bitcoin …




Myanmar court sentences Suu Kyi to 3 years for voting fraud – WTMJ


1, 2021, saying it acted because of alleged widespread voter fraud. Independent election observers did not find any major irregularities.




GS Mortgage Securities Corporation Trust 2022-GTWY — Moody’s assigns definitive ratings to …

Yahoo Finance

The Moody’s first mortgage actual DSCR is 2.32X and Moody’s mortgage … including but not limited to by any negligence (but excluding fraud, …




Mortgage rates climb to 5.66%, showing no relief for housing market – New York Post

New York Post

Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66% from 5.55% last week. One year ago, the rate stood at 2.87%. More On: …




16 Arrested As Joint Task Force Targets LA County EBT Card Fraud – Patch


An investigation targeting Electronic Benefit Transfer (EBT) card fraud in Los Angeles County has led to the arrests of 16 suspects.




14 years for West Virginia officer, firefighter in rape case –

Pittsford man pleads guilty for role in multi-million dollar mortgage fraud scheme · Obstruction now a major focus in Trump documents probe.




Mortgage rates climb to 5.66% after Fed pledges ‘forceful’ action on inflation | Fox Business

Fox Business

Mortgage buyer Freddie Mac said the average rate on the 30-year loan rose to the highest level in two months amid renewed fears of an aggressive …




AmeriSave Wholesale, Suburban Mortgage Close; Homepoint To Lay Off 100s

National Mortgage Professional

As the housing market continues to contract thanks to rising mortgage rates and shrinking affordability, the Thursday ahead of the long holiday …




Transactions will slump in 2023 as buyers ‘sit tight’: Hamptons – Mortgage Finance Gazette

Mortgage Finance Gazette

House prices will rise by 5% this year, but homebuyers will come under pressure from rising interest rates and spiralling inflation in 2023 with …




Ademi LLP Investigates Claims of Securities Fraud against Okta, Inc. – Benzinga


MILWAUKEE, Sept. 1, 2022 /PRNewswire/ — Ademi LLP is investigating possible securities fraud claims against Okta (NASDAQ:OKTA).




10/24/22 Filing Deadline in Securities Fraud Class Action – Contact Lieff Cabraser For More …


National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP urges NIO, Inc. (“NIO”) investors who suffered losses between March 1, …




Paying off your mortgage early: Pros and cons – Yahoo News

Yahoo News

Saying goodbye to that mortgage payment is nice, but it’s not for … Saylor for tax fraud as well as his company, MicroStrategy, for helping him.




Mortgage rates rise to 5.66%, weighing on housing market – The San Diego Union-Tribune

The San Diego Union-Tribune

Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market.




Wisconsin man charged with fraud, ID theft in ballot case – WTMJ


The state Justice Department charged Harry Wait on Thursday with two felony counts of election fraud and two felony counts of identity theft.




Sellers cut asking prices by up to £150,000 for cash buyers: GetAgent

Mortgage Finance Gazette

That is a discount of almost £70,000, or 27%, for those ready to purchase with cash versus those funding their transaction with the help of a mortgage …




Case comment: Urban Mechanical Contracting Ltd v Zurich, 2022 ONCA 589

Clark Wilson LLP

[24] Zurich takes the position that, had it known about the fraud, … in the context of insurance on a residential or commercial mortgage loan, …




Judge declines to overturn Elizabeth Holmes’ guilty verdict – MarketWatch


… on Thursday tentatively declined to overturn the jury conviction of disgraced Theranos CEO Elizabeth Holmes on four felony counts of fraud




Mortgage affordability slides by 9% to £136,000: Mortgage Broker Tools

Mortgage Finance Gazette

The broker research platform’s latest affordability index shows that the minimum average loan size offered by mortgage lenders fell to just over …




Property prices slip but still register double figures, Nationwide data shows

Mortgage Finance Gazette

“While only a small proportion of the stock is rated F/G (approximately 2% of those with mortgages), the challenges for these households appear …




Suspect Fined, Ordered To Clean Pine Barrens In Suffolk County After Illegally Dumping Trash

Daily Voice

Smithtown Man Who Was Sales Chief Of Mortgage Lender Sentenced For $8.9M Fraud Scheme. The Sheriff’s Office did not release the man’s name.




CryptoSlate Wrapped Daily: Saylor claps back at tax fraud allegations; USDT and USDC at …


Following the tax fraud case filed against Bitcoin Maximalist Michael Saylor … With mortgage payments 75% higher year-over-year, many people may …





Mortgage Fraud – Best Essay Writing Service – Elite Legends

Elite Legends

Mortgage FraudIn a 2 page paper, examine the relationship between the issues surrounding mortgage fraud and broken windows theory.




After mortgage fraud, he still faces eviction – NewsBreak


After mortgage fraud, he still faces eviction. By Katie Honan , THE CITY. 8 hours ago. Cover picture for the article.






MERS and the problem of false agency

Posted on April 19, 2022 by Neil Garfield

Since the beginning of this century, The initial transaction with homeowners was the product of multiple layers of paperwork, most of which were neither identified nor accessed by consumers or their professional advisers.

Here is the deal:

As was typical during the “securitization” era, the application for a loan is received as the commencement of the transaction. It is not the “closing.”

From your perspective, you asked for a loan, and you were given false paperwork for you to read and sign. From the perspective of the disclosed counterparty to your transaction, the originator was merely paid a fee for the service of selling the transaction to you as a “loan.”

The funding for your transaction is an elaborate scheme unto itself. Once the paperwork is completed by the investment bank, the investment bank borrows the amount of money needed to pay homeowners at or near the time of closing. There is frequently a waiting period after what the homeowners perceive as a loan closing. This is the final check to make sure that there are not multiple entities named as Plaintiffs or beneficiaries on mortgages and deeds of trust respectively.

The loan from, for example, Credit Suisse, is collateralized by the impending sale of certificates to investors. The certificates do NOT represent any status as beneficiaries of a trust nor any status as a creditor to whom the homeowners ‘payments set forth on the homeowners’ note are payable.

Payments of money to the investors are discretionary but they usually are made by the investment bank regardless of whether or not any homeowner makes a scheduled payment on the schedule described in the promissory note issued by the homeowner. Investors were sold and contractually accepted the idea that they and no right, title or interest to any homeowner payment, legal debt, underlying obligation, note, or mortgage (or deed of trust).

So investors are paid not by homeowners but by various undisclosed intermediaries who have access to the funds paid by homeowners and access the funds generated by sales of certificates that are frequently mislabeled as Mortgage-Backed Securities. The fact the payments are frequently made as “Servicer advances” (as though the money came from companies who were named as “servicers” is the foundation for framing this deal — taken as a whole — as at least part of the PONZI scheme.

The sale of the certificates pays back the loan to Credit Suisse, plus a fairly large (e.g. 30%) profit partly directly arising from a yield spread premium (the difference between the amount of money paid by investors for unsecured IOUs from the investment bank and the amount paid to homeowners. Additional money is generated as the proceeds or revenue of either sale of the additional derivatives securities created and issued by the investment bank.

The problem for laypeople or even lawyers is that there is a choice between whether to analyze your transaction from the perspective of what you were seeking or whether to analyze the group of transactions from the perspective of the securitization scheme, without which there would have been no homeowner transaction. The consensus in the media and courtrooms is to simply analyze the transaction from the perspective of what the consumer wanted when he or she applied for a loan, regardless of where that is an accurate description of the transaction.

Contemporaneously with the origination of the transaction, several things are happening. In broad strokes, they are divided into the money trail and the paper trail. In the paper trail, none of the documents correctly identify or describe a transaction much less “memorialize” any transaction. Because everyone has received all the money they intended from participation in the “securitization” scheme the essential ingredient of a loan account receivable is eliminated thereby making nobody the “lender.”

Simply stated, since there isn’t anyone who maintains any record on the accounting ledger of an account receivable owed by you, there is no creditor. Nonetheless, in order for the securitization scheme to work (justifying more sales of certificates and other derivatives to investors), it must appear as though (a) an underlying obligation is created, owed to a specifically named lender and (b) that it has been transferred to a named business entity with caveats on the sale — namely that there is no warranty of title to the claims against homeowners.

When the origination cycle is complete, the status of the transaction is that there is no counterparty who has a stake in the viability or success of that transaction because nobody loses money if the homeowner does not make a scheduled payment — one that I maintain is simply not due to anyone. The absence of a lender — and all that entails under law — means there is no loan. The finance side of the transaction knows this but sets out to create a false paper trail to make it seem like “this is a standard mortgage loan” or ” this is standard foreclosure action.”

The financial community in coordination with lawyers willing to play the “game” used strategies and tactics to not only make it appear that the transaction was a loan but to actually have the court presume that the transaction was a loan and that the complaining party has hired counsel to seek a remedy. The status of such claims is always this: there is no obligation, loan account, or other claims for money allegedly due from the homeowner.

The primary tactic utilized by the financial community is the volume of paperwork. the thicker the pile of paperwork the more likely it is that a layperson sitting on the bench, will conclude that the transaction was real as a “loan.” And that is why we witnessed the birth of a major industry — creating false, fabricated, backdated documentation making it appear that several brand name institutions were trading, purchasing, and selling the “loans”. In reality, no such transactions existed, but the paperwork said the t transactions had occurred.

Considerable effort and coordination were devised by the financial sector to mislead the court system and they did so successfully in most cases. But even a casual look at your chain of title for the mortgage or deed of trust reveals inconsistencies in the paperwork especially when one realizes that the signature block one each document is on behalf of entities that (a) don’t exist at all, (b) exist but are irrelevant to the transaction and (c) are unclear from the face of the document.

Your case is almost certainly closely aligned with the typical playbook of strategies and tactics. Examining the document assignment of mortgage you find what is typical:

No consideration. the law requires that value be paid by the claimant before it can file suit to enforce the claim. But that law does not impact the ability of the foreclosure players to make false claims of authority to administer, collect or enforce in correspondence, notices, and statements.
“Corrective instruments” that correct nothing in order to establish more paper volume.
Execution of assignment by a business entity that has no right, title or interest in the alleged obligation. For example, MERS is used to launder titles.

People from FINTECH companies regularly access the main servers that are maintained by MERS for the sole purpose of getting themselves automatically appointed, without board resolution, as an officer of MERS.
MERS always is described as the nominee for the specifically named “lender” who is just an originator selling a financial product as described above. MERS is used as a cover-up. It effectively hides the title gap in plain sight.

The execution of an assignment or corrective assignment presumes that it is acting as an agent for whoever is currently named as the current claimant, beneficiary, or Plaintiff. But no such agency exists in fact or at law.
The execution of a security instrument (mortgage or loan) by a self-proclaimed “servicer” (which performs no servicing duties with respect to receipts data processing and disbursement of money from homeowners) on behalf of a new entity appointed to be the claimant, beneficiary or Plaintiff. But the execution of the assignment by MERS on behalf of Countrywide after the collapse of countrywide. it does not exist.
And Bank of America did not acquire any ownership interest in any homeowner transactions because countrywide didn’t own any such interest.

So while Bank of America was a successor to Countrywide, the foreclosure team is relying on appearances — in order to get the court to presume that the merger created a transfer of the ownership of the unpaid nonexistent loan account receivable of the mortgage rights from Countrywide as originator to Bank of America.

In such mergers, there is no Mortgage Loan Schedule, nor any written assignment of mortgage. Since the law requires the assignment, the presumption that the transfer could occur without an assignment of mortgage is erroneous. But that fact will not stop foreclosure unless it is aggressively contested.
The document is supposedly executed by someone calling themselves an “assistant secretary.” But note that it does not say that the signor was the assistant sectary of MERS.

Every time there is mention of MERS it includes the phrase “its successors and assigns” such that it is unclear from the grammar utilized whether there is a successor to MERS or a successor for the principal in the agency agreement between MERS and the originator (Countrywide in this scenario).
But there is no succession to either one unless (a) someone bought or merged with MERS or (b) someone bought loan accounts receivable from Countrywide. Such a sale would’ve been impossible because, by the time of the merger, Countrywide had only reserved “servicing rights” which really only meant the claim to receive “servicer advances” upon liquidation of a foreclosed property. So there is no MERS successor and there is no Countrywide successor as it relates to either the actual pr presumed transfer of the alleged underlying obligation.

Any endorsements are undated. Under current law, this means that parole evidence must be offered to prove that the promissory note was transferred and delivered to the party named as claimant, beneficiary, or Plaintiff.
Documents requiring the signature of the homeowner are in most cases completely fabricated even if the homeowner did sign similar documents. This has been sued to change the fact relevant to execution and delivery of the promissory note that in approximately 95% of all cases is destroyed within days of the time of closing that transaction with the homeowner.

This becomes clearer when the homeowner is able to lay hands on the original note at least as an original, and when the original note contains coloration of signature or other marks that do not appear on the refabricated note made by electronic manipulation of images.

The foreclosure mill will often utilize such fabricated documents even when they contain glaring facially invalid errors. For example, where a parent was the owner of the property and signed the “mortgage” paperwork, the instructions received by the law firm are turned into correspondence, notes, statements, and pleadings that reflect the grantors under a deed of trust or the mortgagors under a mortgage instrument become the heirs or successors to liability under the note.

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Remember, with FRAUD STOPPERS, you have a trusted partner dedicated to saving you time, money, and increasing your chances of success. Let us fight by your side and help you put an end to fraud once and for all.

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Remember, you don't have to face fraud alone – FRAUD STOPPERS is here to champion your cause and bring you the justice you deserve.

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Complete the form below and then after submission, check your email inbox or spam folder for detailed instructions on how to move your file forward to get the legal remedy you seek and deserve.



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