Category Archives: Foreclosure
Are banks like Wells Fargo the new slumlords? Pam Ragland’s post-foreclosure story.
Though it gets less publicity these days than it did in years past, the foreclosure crisis in the U.S. lingers. Sometimes it isn’t even the homeowners who suffer most from foreclosure. Approximately 40% of the time, according to some estimates, … Continue reading
Fannie and Freddie Open Records Act Passes House!
So I was watching the above video with Steve Mnuchin and Maria Bartiromo because of its title: “Mnuchin on Fannie And Freddie Funds Used to Pay for ObamaCare: It’s True”. Bartiromo mentions in passing that a bill was being considered … Continue reading
The Real Fraudsters: Banks or Homeowners like Barbara Bratton?
I was informed last night that Barbara Bratton—who sued U.S. Bank in 2012 over the foreclosure of her home in Ontario, California–was recently convicted on 6 counts of real estate fraud and now faces up to 6 years in prison. … Continue reading
First Look: New Linda Tirelli Suit Against Bank of America
Attorney Linda Tirelli, a rockstar in the arena of foreclosure defense, has just filed an adversarial bankruptcy suit in the Southern District of New York naming the following as defendants: Bank of America, Nationstar, U.S. Bank, and Recontrust. As many … Continue reading
Wells Fargo Beatdown over endorsements that are not “genuine”
Here at LRM, I have written a lot about the importance of endorsements on promissory notes, specifically what has come to be known as a “ta-da” endorsement, which is roughly defined thusly: “…endorsements that magically turn up on promissory notes … Continue reading
Wall Street Wanted Homeowners To Default And MIHOP
Great article from Neil Garfield today–How Servicers Engineer Defaults Using the Escrow Accounts, Forced Placed Insurance and False Projections— about how the Wall Street wolves got their defaults to trigger the big payoff from the CDS: manipulate escrow accounts. Exactly … Continue reading
MERS: Fake organization sues pranksters pretending to be MERS
Ah, MERS—the “mortgagee of record” on some 62 million + mortgages. Their very business model is fakery, in that they claim to be the “beneficiary” or “mortgagee” of these millions of mortgages, when they know that they are in fact … Continue reading
Why didn’t Yvanova help Yvanova? Q & A with CA attorney David Seal
The foreclosure defense arguments of some California homeowners were given a big boost by the recent California Supreme Court decision in Yvanova v. New Century Mortgage. In fact, just last week, we published an interview with one such homeowner, … Continue reading
First Yvanova, Now Hernandez—Courts Warming Up to Homeowner Arguments
California homeowner advocate Sherry Hernandez is feeling great these days about her efforts to fight her wrongful foreclosure by Penny Mac (i.e., PNMAC). “I’m trying to enjoy my time because I know that it’s not going to be easy going … Continue reading
Why Not Simply Follow The Law? Yale Law Journal’s Novel Idea for Foreclosure Judgments
In a recent post (Judges: Not Dupes—TOTALLY In On It), we decided that when it comes to foreclosure cases, judges are not guileless, impartial innocents deceived by wily banks into throwing people into the street. No, the judges are (to … Continue reading