Foreclosure Fraud NEWS

We need to start asking the right questions when in Foreclosure.

We need to start asking different questions as the Show Me the Note theory does not work.  When they do produce the Note, there is an incomplete stamping on the Note which states

“Pay to the order of ____________________ without recourse “.  They claim that the Note is now a Bearer Instrument and that they are Bearer coming forth to collect.

They quote UCC 3-205 (b) which states “(b) if an indorsements made by the holder of an instrument and it is not a special indorsements, it is a “blank Indorsement”  When indorsed in blank, an instrument becomes payable to bearer and may be negotiated  by transfer of procession alone until specially indorsed.

The courts had constantly upheld this argument and so let us go back to the very beginning of where this all starts and see if we  can get a clearer understanding of how this started for a lot of us.

Most of us signed loan documents at closing,  these documents numbered around 80-120 pages. This was a unilateral adhesion contract which means that it was written by one party and signed by another party.

When one comes forth to foreclose many times they claim to to be a Holder of the Note and claim to be the Mortgagee or Beneficiary of the Security Instrument. They do Not claim to be the holder in due course. Why is that? The reason is that they do not own the debt which is your intangible obligation.  If they had paid value for the debt, then there would be no dispute to being holder in due course and they would make that claim.

The tangible Note many times was never sold pursuant to negotiation transfer and delivery of the tangible instrument as required pursuant to the Uniform Commercial Code as that is how the banks make their claims.

You need to know who owns the debt as have they acquired rights to the Tangible Note. This is what needs to be asked, whom was the debt sold to as you need to know what was sold and when and this is what I do every day.

Mortgage Fraud News Daily update ⋅ October 29, 2020

Mortgage Fraud & Foreclosure Fraud NEWS

Investment Properties Account for Highest Mortgage Fraud Risk

The MReport

During Q2 2020, an estimated one in 164 mortgage applications contained indications of fraud, compared with the reported one in 123 mortgages the …

 

 

 

Record refinancing volume continues to drag mortgage fraud risk down

Mortgage Professional America

Overall mortgage fraud risk posted a sharp decline at the end of the second quarter of 2020, but purchase applications told a different story.

 

 

 

CoreLogic Reports a 26.3% Year-Over-Year Decrease in Mortgage Fraud Risk in Second Quarter …

StreetInsider.com

Throughout the second quarter of 2020, an estimated one in 164 mortgage applications, or 0.6% of all applications, contained indications of fraud, …

 

 

 

Opinion: Combatting mortgage and title fraud in the pandemic-driven digital age

Mortgage Broker News

Mortgage fraud is one of the most common, and occurs when an individual acquires a property and secures a mortgage that is often based on an …

 

 

 

Fallen mobile-home park investor pleads guilty to bank fraud

Crain’s Chicago Business

Klarchek admitted that he provided false financial statements for June 2009 to Bank of America, which serviced the Sterling Estates mortgage, that …

 

 

 

Mortgage scammer who preyed on Filipinos in Hawaii sentenced to 20 years

INQUIRER.net

Williams marketed a fraudulent mortgage debt reduction scheme to distressed homeowners, who were mostly non-native English speakers in the …

Louisiana Man Sentenced to 20 Years Prison for Defrauding Hawai’i Residents – Big Island Now

Full Coverage

 

 

 

Investigation: How an avalanche of fraud buried a small business relief program

Crain’s Cleveland Business

And identity thieves pocketing loan proceeds left an unknown number of Americans saddled with bogus debts. “It’s too bad that it got this far,” said …

An Avalanche of Fraud Buried a Small-Business Relief Program – BloombergQuint

Full Coverage

 

 

 

All of the Trumpworld Figures Who’ve Been Arrested, Indicted, or Jailed

Daily Beast

… the Manhattan District Attorney’s Office indicted him on 16 additional charges, including residential mortgage fraud and falsifying business records.

 

 

 

FTC launches new website to report consumer fraud

Auto Remarketing

With consumer fraud incidents on the rise — especially through a scam that started on social media — the Federal Trade Commission recently …

 

 

 

Toronto and Vancouver Condos Were Still Popular With Non-Resident Buyers

Better Dwelling

Mortgage rates didn’t fall nearly as much, but that was still a huge boost to budgets. … The BoC has halted buying mortgage bonds as of yesterday. This is … I thought you were going to elaborate on your mortgage fraud twitter thread.

 

 

 

In Depth: Fraud Allegations Fly as Mainland Investment Firm Turns on Hong Kong Money Man

Caixin Global

Since Choi took over in February 2016, AMTD Group has transformed itself from a small mortgage lender into a financial conglomerate with …

 

 

 

ATM Fraud: How to care and use your card wisely

Blackchronicle

Taking a mortgage for a primary dwelling will not be advisable because it limits your possibilities of ascending the homeownership ladder. The second …

 

 

 

Barbara Corcoran: ‘The housing market is exploding well beyond what’s being reported’

Yahoo Money

Watchdog sees massive potential loan fraud at SBA, sparking fight with agency. SBA’s inspector general raised red flags about more than $78 billion …

 

 

 

AG Grewal, NJ Bureau of Securities Sue Hillside Financial Consultant for Allegedly Selling …

TAPinto.net

… for his home mortgage and property taxes, and payments for his luxury sports car. … “We are committed to stopping fraudulent and unlawful ‘investment … The Bureau is charged with protecting investors from investment fraud and …

 

 

 

Mortgage Denial Data Reveals How to Boost Your Approval Odds

Nasdaq

Mortgage applications may be denied for several reasons — a down … didn’t expect to see is worth investigating in case it’s an error or a sign of fraud.

 

 

 

BLOG: How to protect your savings from fraudsters

Your Money

… contracts on a mortgage and transferring a house deposit to their solicitor. This type of scam can be incredibly elaborate, convincing, and damaging …

 

 

 

Lonely widow caught out by online fraudster will spend 10 years paying for mistake

Stuff.co.nz

A couple were left $53,000 out of pocket after falling victm to an invoicing scam. Local reporting is vital to a thriving and connected community. Help us …

 

 

 

WEB

Stock Alert: CoreLogic Shares Gains On Lower Mortgage Fraud Risk

RTTNews

… more than 13 percent on Wednesday morning trade as the company reported 26.3 percent decrease in mortgage fraud risk in the second quarter.

 

 

 

Watchdog sees huge potential mortgage fraud at SBA, sparking struggle with company

DAYUPDATE.COM

The inspector normal stood by the investigation, pointing to $450 million in 15,000 fraudulent loans that has already been seized, in addition to the …

 

 

 

CoreLogic reports year-over-year fraud risk decrease

The Legal Description

CoreLogic reports a 26.3 percent year-over-year decrease in mortgage fraud risk in the second quarter of 2020 in its latest Mortgage Fraud Report.

 

 

 

Mortgage Underwriter, in Draper | KSL.com

KSL Jobs

Mortgage Underwriter, in Draper Castle & Cooke Mortgage relies on its … regularly on identifying Red Flags and detecting and preventing fraud.

 

 

 

Watchdog sees huge potential mortgage fraud at SBA, sparking battle with company

Star TribuneMag

The inspector general stood by the investigation, pointing to $450 million in 15,000 fraudulent loans that has already been seized, as well as the …

 

 

 

The Matthew Cox Story: FBI’s Most Wanted List & Taking Mortgage Fraud To A New Level

Reddit

28.4k members in the Mafia community. /r/Mafia features stories, interviews, documentary and news articles about organized crime around the world.

 

 

 

Corelogic Inc | Investors Hub ADVFN Follow Feed

InvestorsHub – ADVFN

Follow Feed saves you time and energy researching; you can easily flick back through the feed list to see what’s happened. Watch multiple stocks; all …

 

 

 

Mortgage Fraud Risk Worst Among Investors, Not Homeowners

entertainmentwood.com

Low interest rates and rising homeowner refinancing pushed down the overall risk of mortgage fraud by 26% year over year in the second quarter of …

 

 

 

Watchdog sees huge possible mortgage fraud at SBA, sparking battle with company

Beeion.com

SBA’s Covid-19 EIDL mortgage and alertness information highlights robust signs of ongoing fraudulent task within the Covid-19 EIDL program.”.

 

 

 

Bank Frauds Jail Time

latuaestateaddosso.it

George Guldi, released from prison last year after serving 6 years for mortgage fraud, is facing new criminal charges because he plotted over the phone …

 

 

 

 

Foreclosure Fraud News  Daily update October 29, 2020

Foreclosure Fraud NEWS

Foreclosure

Dothan Eagle

L1921 MORTGAGE FORECLOSURE SALE Default having been made in the payment of the indebtedness secured by that certain mortgage executed …

     

Rem Tax Foreclosure Sale

Dothan Eagle

L1922 NOTICE Advertising by Quitman County Tax Commissioner for Judicial In Rem Tax Foreclosure Sale in accordance with O.C.G.A. 48-4-75 to …

     

Vacant zombie properties continue to decline amid foreclosure moratorium

Inman

In the fourth quarter of 2020, properties in the process of foreclosure decreased 7.3% from the previous quarter while the number of properties sitting …

     

Infamous Dolores Park West Home Avoids Foreclosure, But…

SocketSite

As foreshadowed, the foreclosure auction was postponed. And having been further reduced to $7.5 million in April, to $6.995 million in July and then to …

     

Updates on Statewide Foreclosure and Eviction Moratoria

DSNews.com

The COVID-19 pandemic has been the impetus for federal foreclosure prevention measures. Many states also have taken their own measures.

     

Florida’s foreclosure rate second highest in the US, filings increase as courts open

ABC Action News

HILLSBOROUGH COUNTY, Fla. — A moratorium on foreclosures offers protection to families unable to pay their mortgages because of the COVID-19 …

     

Hoboken recognizes Breast Cancer Awareness Month; Foreclosure Prevention Project launches …

nj.com

However, court proceedings related to foreclosures are not suspended. Despite the moratorium, Foreclosure Prevention Counselor Paige urges …

     

Foreclosure filings ramp up, especially in minority neighborhoods

The Real Deal

Foreclosure filings ramp up, especially in minority neighborhoods. Advocates struggle to reach homeowners before fraudsters and home-flippers do.

     

Foreclosure lawsuit targets buildings in Miami’s Wynwood

South Florida Business Journal

A commercial property in Miami’s Wynwood neighborhood could be seized in an $8 million foreclosure lawsuit. Elizon DB Transfer Agent LLC filed the …

     

NOTICE OF FORECLOSURE SALE Deed of Trust made by Martha E. Galloway

The Transylvania Times

NOTICE OF FORECLOSURE SALE. 20 SP 42. Under and by virtue of the power of sale contained in a certain Deed of Trust made by Martha E.

     

River Park property in downtown Baton Rouge in foreclosure, up for sale

Greater Baton Rouge Business Report

In late September, his River Park Development LLC lost a four-year foreclosure battle in 19th Judicial District Court with Girod Loan Co., which …

     

Hudson County, Waterfront Project team up to help homeowners struggling with mortgages

Hudson County View

The Foreclosure Prevention Project will provide free, confidential foreclosure prevention counseling by an experienced housing counselor, certified by …

     

Zombie Property Totals Down in Q4

DSNews.com

That is according to the Q4 2020 Vacant Property and Zombie Foreclosure Report, which offers a snapshot of the market in the fourth quarter.

     

Facing foreclosure, Pinecrest shopping center relinquished to New York lending company …

msnNOW

Facing foreclosure, Pinecrest shopping center relinquished to New York lending company following coronavirus-related financial woes. Eric Heisig …

     

Apocalypse BBQ stops by CNews Studio

Miami’s Community Newspapers

Did you read the foreclosure fraud scheme story? There will be massive foreclosures in the coming months ahead. With 10,000 foreclosures pre-covid, …

     

The Courts

Morning Journal News

William M. Kittle, et al., foreclosure ordered for property on Edgewood Street, East Liverpool. John Sousa, et al., vs. Ronald Barton, et al., case settled …

     

Paxton investigation looked into Paul’s conspiracy allegations

Austin American-Statesman

Paul and his company, World Class Property, have faced foreclosure … to bankruptcy filings and foreclosure actions reviewed by the Statesman.

     

GAO Sustains Protests Alleging Agency Failed to Consider Pandemic Impacts on its Requirements

Government Contracts Legal Forum

… services to support the disposition of properties conveyed to HUD following foreclosure of loans guaranteed by the Federal Housing Authority.

     

Coronavirus in Jacksonville: What you need to know for Thursday, Oct. 29

The Florida Times-Union

Jacksonville readies $5.3 million relief for ‘sleeping giant’ of eviction and foreclosure. Duval County residents and small-business owners facing the …

     

Coronavirus in Jacksonville: Live updates for Wednesday, Oct. 28

The Florida Times-Union

10:25 a.m. Jacksonville readies $5.3 million relief for ‘sleeping giant’ of eviction and foreclosure. Duval County residents and small-business owners …

     

Columbiana County Common Pleas

The Review

Janie Spawn, foreclosure ordered for property on White Street, Wellsville. County Treasurer vs. William M. Kittle, et al., foreclosure ordered for property …

     

Opinion: Duggan’s plan doesn’t bring justice to overtaxed Detroiters

The Detroit News

Since 2008, one-third of properties have gone through tax foreclosure. … to examine compensatory options for Detroit’s over-assessed and foreclosed …

     

After court loss, Seneca County vows to seek US Supreme Court review

Finger Lakes Times

“As the decision notes, Seneca County attempted to justify its flawed tax foreclosure efforts by darkly predicting the Nation will buy large swaths of …

     

Lenders start cracking down on retail property owners

Real Estate Daily Beat

Dig Deeper: Some lenders are now worried about fast-falling retail property valuations, and will conduct foreclosure sales to recoup what is owed …

     

Greenspoon Marder LLP Financial Services Client Alert: State of Maryland – Executive Order No …

Lexology

20-04-03-01) relating to foreclosures and mortgages. … time new Notices of Intent to Foreclose can be registered and foreclosure cases may proceed.

     

Fitch Affirms 3 TDA Spanish RMBS Transactions

Fitch Ratings

… also incorporated a 10% increase to the weighted average foreclosure frequency (WAFF) of the portfolios (see: EMEA RMBS: Criteria Assumptions …

     

Legals for 10-28-20

TheCountyRecord.Net

Affordable Towing of Calhoun County LLC gives Notice of Foreclosure of Lien and intent to sell these vehicle on November 15, 2020 at 10:00 a.m. at …

     

Louisiana Man Sentenced to 20 Years Prison for Defrauding Hawai’i Residents

Big Island Now

Several victims testified at trial that they had relied upon Williams’s representations and went into foreclosure or bankruptcy. Two victims testified that …

     

Treasurer, judge in legal battle

Sandusky Register

The owner defaulted on the contract in February, and Ferrell filed a foreclosure action and prepared for a sheriff’s sale. The owner then motioned the …

     

The 7 NJ counties most at risk economically from COVID-19 (Opinion)

New Jersey 101.5 FM Radio

The percentage of homes facing possible foreclosure. The amount of homes that are “underwater”—having mortgage balances that exceed the value of …

     

USDA issued billions in subsidies this year. Black farmers are still waiting for their share.

NBC News

His farm went into foreclosure, and for the past 17 years he has lived off the rent someone else pays him to farm his 200 acres. He explained, when a …

     

Pinecrest changes ownership in midst of financial woes

Cleveland Jewish News

According to Orange Mayor Kathy U. Mulcahy, this move was a “deed in lieu of foreclosure:” allowing the original developers to give up the property …

     

SHOP TALK: Cool tools, stats and news you can use

The Florida Times-Union

Jacksonville readies relief fund to prevent evictions, foreclosures … or foreclosure because of lost income and paychecks during the COVID-19 …

     

Credit Coalition

KHOU.com

HOUSTON — Credit Coalition provides financial and homebuyer counseling and education, foreclosure intervention counseling, reverse mortgage …

     

Fitch Assigns BPCE Home Loans FCT 2020 Final Ratings

Fitch Ratings

The class A notes’ rating can withstand an increase of 30% in the weighted average foreclosure frequency (WAFF) combined with a decrease of 30% …

     

Fallen mobile-home park investor pleads guilty to bank fraud

Crain’s Chicago Business

But his business collapsed during the bust, resulting in a wave of foreclosure suits and forcing Klarchek to file for personal bankruptcy in 2010.

     

Altisource Announces Third Quarter 2020 Financial Results

Stockhouse

… than previously anticipated revenue from (1) the extension of foreclosure and eviction moratoriums and (2) an MSR investor’s instructions to Ocwen …

     

Rockford-area home sale prices hit record high

Freeport Journal-Standard

Even so-called distressed properties — homes under foreclosure or being sold by the lender — are moving off the market. Only 3% of the homes sold …

     

Missourians fight to keep their homes with end of eviction moratorium looming

Columbia Daily Tribune

31, including the Centers for Disease Control and Prevention (CDC) moratorium and Federal Housing Administration (FHA) moratorium on foreclosure …

     

Legals for Oct. 29, 2020

The West Volusia Beacon

FOrECLOsurE sALE. WHEREAS, on July 27, 2009, a certain Mortgage. was executed by Ollie Dollie Lockette. a/k/a Ollie D. Lockette and Roy Lockette …

     

ANZ and other banks prepare for mass business foreclosures and loan defaults

ABC News

It’s being seen by some as a small taste of the economic damage we can expect to see next year — the ANZ Bank has today revealed that its full year …

     

Gold loan NBFCs to witness 15-18% growth in FY21: Crisil

Economic Times

The short tenure of most gold loans, the part-foreclosure option and associated rebates offered by NBFCs make them a convenient choice. From a risk …

     

Bankruptcies down significantly for the year; experts expect upturn as economy recovers

Rochester Business Journal

“People file Chapter 13 when they’re in foreclosure, and they would file Chapter 13 because … Complete access to news articles on rbj.net is available …

     

Mariani Gardens townhouse project in Armonk on verge of demise

Westfair Online

… a discount to NCD Acquisitions, and on Oct. 1, NCD, according to the petition, served a foreclosure notice and claims it is owed nearly $10.7 million.

     

Hockey legend Wayne Gretzky lists California estate for $22.9M

Inman

The bank sold it at a foreclosure auction; the buyer picked up for $760,712 while agreeing to take on the nearly $12 million in debt that was tied to it.

     

Common Pleas – October 28

Putnam County Sentinel

Nancy J. Greve, Ottawa; foreclosure of liens for delinquent land taxes ($47,320.26). Michelle R. Lambert, Continental, and Zachery T. Lambert, …

     

State of the Mortgage Industry and 2021’s Expected Challenges

The MReport

Still, some of Congress’ foreclosure prevention measures created new uncertainties for the industry. “The CARES act was historical but the ways …

     

Emergency housing application deadline Nov. 10

Valleyjournal

… rent and mortgage payments to avoid possible eviction and foreclosure. Since the program’s May inception, Montana Housing, with assistance from …

     

Tulsa’s silent public health crisis

tulsapeople.com

If not addressed, the eviction crisis could lead directly to a foreclosure crisis for many Tulsa landlords. Fortunately, Tulsa County and the state of …

     

Ocwen, Wells Fargo Fight Bringing Fla. Deal Into ERISA Suit

Law360

… struggling homeowners into foreclosure during the financial chaos of 2007 to 2009 because it profited more from foreclosures than from mortgages.

     
WEB

5 million for eviction and foreclosure relief

Easy 102.9

The Jacksonville City Council unanimously passed legislation to provide more than five million dollars for eviction and foreclosure relief.

     

Y’all Can ‘Bank’ On It: A Frivolous Foreclosure Appeal at the Fifth Circuit

Laws In Texas

A Bankruptcy Judge, a debt collecting law firm and 3 of their foreclosure lawyers arrive at the Court of Appeals for the Fifth Circuit.

     

Foreclosure-Link

THE STARTING BLOCK

If you have fallen behind on your mortgage payments, understanding the foreclosure process can help you make better decisions while navigating …

     

Zombie Properties Continue To Decline Amid Foreclosure Moratorium

New Finance Magazine

Meanwhile, the percentage of pre-foreclosure properties abandoned into the status of “zombie” properties increased just slightly, from 3.7 percent in the …

     

Behind on payments? Facing foreclosure?

Craigslist Pittsburgh

Facing foreclosure? (pittsburgh). QR Code Link to This Post. We can help! We buy houses CASH As Is No Matter The Situation. Call now show contact …

     

Anti-Deficiency Law in Arizona

Provident Law

The total amount owed to the bank as of the date of the sale minus the foreclosure sale price. Judicial Foreclosures. Deficiency judgments are not …

     

Options to avoid foreclosure for homeowners exiting forbearance

FOX 26 Houston

Options to avoid foreclosure for homeowners exiting forbearance. FOX 26’s Heather Sullivan has details for homeowners exiting forbearance.

     

How to Avoid a Foreclosure when Filing for Bankruptcy

My AZ Lawyers

You may find that you have fallen behind on your mortgage payment, and now you owe so much that you are at risk of the house falling into foreclosure.

     

Bank owned properties oregon coast

Olney Counseling Center

Find the best deals on foreclosure properties commercial foreclosures … Find information on foreclosures real estate owned REO and bank owned …

     

Pre-Foreclosure

Elohim Investment Homes

PRE-FORECLOSURE. If you are in the process of judicial auction, you feel overwhelmed and without alternatives, Call …

     

Thousands of North Carolina homeowners failing to take advantage of forbearance assistance to …

North Carolina Justice Center

“By reaching out to their mortgage servicers sooner rather than later, these homeowners could protect themselves from foreclosure for up to a year, …

     

How To Sell A House Before Its Foreclosure

Realty Times

To get started with this process, below are the steps to consider to make your home fly off the market without getting foreclosed. What Is A Foreclosure?

     

Jacksonville readies $5.3 million relief for ‘sleeping giant’ of eviction and foreclosure

News Break

Duval County residents and small-business owners facing the threat of eviction or foreclosure because of lost income and paychecks during the …

     

property

City and County of Denver

City and County of Denver foreclosure information for the years 2003 to 2016. These data may have some omissions due to invalid source addresses …

     

Foreclosure

NewsOpener

Home/foreclosure. foreclosure. Oct- 2020 -. 28 October. Europe Nearly 200 European airports at risk of insolvency, warns new report. News Opener …

     

Avoid Foreclosure Scams

Property Conversions, LLC

Trying to avoid foreclosure scams during Covid is difficult. Unanticipated financial difficulties leave homeowners with the possibility of losing their …

     

Ex-wife appeals judgment of possession after foreclosure

The Legal Description

After a woman’s marital property was foreclosed upon and purchased by the mortgage holder, the mortgage holder filed suit for possession of the …

     

AB 3088 & SB 1079: Fundamentally Modified Foreclosures in CA

Geraci Law

AB 3088 & SB 1079: Fundamentally Modified Foreclosures in CA – What … to buy a foreclosed property up to 45 days after the foreclosure auction.

     

Tax Foreclosure Prevention Counselor

Idealist

United Community Housing Coalition is now hiring for the position of Tax Foreclosure Prevention Counselor in Detroit. Apply today.

     

5 million for eviction and foreclosure relief

News Break

The Jacksonville City Council unanimously passed legislation to provide more than five million dollars for eviction and foreclosure relief. Two-thirds of …

     

Eviction/Foreclosure Prevention

Unemployed Florida

Ron DeSantis issued another last-day-of-the-month moratorium on evictions and foreclosures Monday night, but unlike the last extension in late July, …

     

USA (East Orange, New Jersey) – Tax Foreclosure Special Legal Counsel Services

RFPMart.com

USA (East Orange, New Jersey) – Tax Foreclosure Special Legal Counsel Services – Deadline November 17,2021, Legal Services USA , Legal …

     

 

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