SUDDENLY APPEARING ENDORSEMENTS USED BY BANK-TRUSTEES IN FORECLOSURES

42 CASES WITH SUDDENLY APPEARING ENDORSEMENTS 

“The Court is concerned, as a result, that OneWest does not hold the Endorsed Note. But, perhaps more significantly, the Court is concerned that OneWest has determined that business expediency and cost containment are more important than complete candor with the courts.”[1]

 –  In Re Jessie M. Arizmendi (At the time of this California foreclosure decision in 2011, the homeowner/debtor, Ms. Arizmendi, was a frail 86-year-old with hearing loss and difficulty walking.)

This article discusses 42 cases with suddenly appearing (often called “ta-da”) endorsements.  In each case, a bank-trustee tried to foreclose on behalf of a mortgage-backed trust.  Most of these cases began with the filing of an unendorsed note that was described in the bank’s pleadings as a true and correct copy of the original note.  Several of the Florida cases…

Wells Fargo wants Indybay.org disabled as soon as possible

lol.. Of course, this has to do with Wells Fargo foreclosure manual floating around the internet which led to a bankruptcy case to be reopened again and have the bankruptcy judge questioning the bank….. 

Wells Fargo, a client of PhishLabs Security Operations, wants the “Wells Fargo foreclosure manual” removed from Indybay.org as soon as possible.

On March 12, 2014, the New York Post reported, “Wells Fargo, the nation’s biggest mortgage servicer, appears to have set up detailed internal procedures to fabricate foreclosure papers on demand, according to allegations in papers filed Tuesday in a New York federal court.” 

On March 17, 2014, The Washington Post published Wells Fargo’s 150-page manual to attorneys for fabricating foreclosure papers. The Post states, “Wells Fargo created an elaborate guide for how to produce missing documents to foreclose on homeowners, according to…

Did elderly Naples couple lose home over 10 cents?

NAPLES, Fla –  Lots of people run into problems paying their homeowners’ association fees at one point or another. And an elderly Naples couple, Phil and Sally Duplers, is no different.

They tried making good and pay up, but lost their $1,000,000 home when their homeowners’ associated foreclosed on the house anyway.

The couple tells 4 In Your Corner it’s been a tough couple of years. “We ran into financial problems. I’ve been quite sick,” said Sally Dupler. She had a stroke, and the couple missed about 6 months of HOA dues. “It was about $3,500 approximately,” Sally added.

After several attempts at collecting, the Serafina Association at Tiburon in Naples started to foreclose on the home last October. And in May, a Collier County judge decided the Duplers owed approximately $7,000, plus any additional interest and fees.

On June 3, the…

Obama administration reveals plan to jump-start housing, extends HAMP to 2016

Speaking Thursday at the Making Home Affordable five-year anniversary summit, U.S. Treasury Secretary Jacob Lew announced several initiatives designed to spur the flailing housing market.

Lew identified three specific issues that are holding back housing in the United States and announced plans to address each of those issues.

Citing the lack of private capital in the market, the dearth of affordable rental options and the abundance of Americans who are facing foreclosure or are underwater on their mortgages, Lew announced three new plans:

• The extension of the Making Home Affordable program until “at least December 31, 2016”

• A plan to expand access to credit by working to revive the private-label mortgage-backed securities market

• A new partnership between the Treasury and theDepartment of Housing and Urban Developmentto build new, affordable rental housing