Tag Archives: negotiation
WTF? BANK OF AMERICA AND FANNIE MAE SUPPOSEDLY HAVE THE SAME ADDRESS AND PHONE NUMBER
If we were to discover that a Mob boss shared the same address and phone number with a legitimate business–like a liquor store or some such—what would we say about that liquor store? We’d say that the liquor store was … Continue reading
IT’S ALL ABOUT THE ENDORSEMENTS, Y’ALL
As we have written about many times here at LRM, endorsements on promissory notes are a big deal, to put it lightly (see list of articles at the end of this post). The judges know this. The banks know this. … Continue reading
HOW MORTGAGE SERVICERS ARE LIKE A STARBUCKS DRIVE-THRU
Neil Garfield writes again on the topic of “servicer advances” today, explaining in a nutshell what they are: “[Servicer advances] fall into the category of payments made to the creditor-investors, which means that the creditor on the original loan, or … Continue reading
WELLS FARGO “CORRECTS” DOCUMENTS TO TAKE HOUSES
In the Wells Fargo manual mentioned in the post “Conspiracy Fact, Not Theory: Wells Fargo’s Manual”, we find the following statement on p. 32: “Files needing a corrected endorsement or assignment will not follow the Wells Fargo policy of returning … Continue reading
IS THERE EVEN A “NOTE HOLDER” TO PAY?
Reaction to a post at Living Lies today in which Neil Garfield said: “If the owner can’t be known, are we really saying that the borrower still owes the money on the fictitious debt that was described in ether note … Continue reading