87 Years Later & What has Changed in America?

If you have comments about this study please post in comments or email us your story at: info@lendinglies.com.  We will be compiling your comments and emails from this post and sending them to various agencies so they can understand the devastating psychological impact of Foreclosure on the American homeowner.  Please indicate your loan servicer(s) and current status.  All names and identifying information will be removed from comments and emails.  Thank you.

Tip to 4closurefraud.org for finding this tragic and relevant article.

The Onset of Depression During the Great Recession: Foreclosure and Older Adult Mental Health

Study here:Foreclosure and Depression

The Onset of Depression During the Great Recession: Foreclosure and Older Adult Mental Health

Earlier this week, Mother Jones reported that Donald Trump’s loans from the German-based Deutsche Bank—totaling at least $100 million and possibly much more—would pose a significant conflict of interest, should Trump, the GOP’s presumptive nominee, become president. After all, the bank was recently caught manipulating markets around the world (and had to pay $2.5 billion in fines), and it has tried to evade US laws aimed at curtailing risky financial shenanigans and has attempted to influence the US government via lobbying.

Richard Painter, an attorney who teaches at the University of Minnesota and who was the chief ethics lawyer for President George W. Bush from 2005 to 2007, noted that Trump’s relationship with the overseas financial giant was disturbing: “Having a president who owes a lot of money to banks, particularly when it’s on negotiable terms—it puts them at the mercy of the banks and the banks are at the…

The Neil Garfield Show Tonight! 6 pm EST

——–THE FOLLOWING ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER——–

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By William Hudson

Tonight Attorney James Randy Ackley returns to the Neil Garfield Show and will continue the conversation about adhesion contracts he touched on during the  April 29, 2016. broadcast.  During the show, Ackley discussed raising issues of unconscionability in regards to defending against foreclosure.

Unconscionable or oppressive loans are all too common. Take for example, a borrower with limited income who refinances his $1.5 million dollar loan, only to default after five monthly payments. A Notice of Default is subsequently recorded, followed by a Notice of Trustee’s Sale and finally a Trustee’s Deed Upon Sale is recorded just shy of one…

DAUGHERTY v. OCWEN LOAN SERVICING, LLC

U.S. District Courtcase number 5:14-cv-24506

BECKLEY – A Wood County man will receive more than $2.5 million after a federal jury said a mortgage service company didn’t investigate his repeated disputes of his credit report.

A federal jury on May 23 awarded $6,128.39 in compensatory damages and $2.5 million in punitive damages to David M. Daugherty of Vienna. He had sued Ocwen Loan Servicing LLC and EquifaxInformation Services LLC in Raleigh County in 2014. The defendants had the case removed to federal court.

After a six-day trial before Judge Irene Berger, the jury ruled in favor of Daugherty, saying Ocwen willfully violated the Fair Credit and Reporting Act. One component of that act requires that a company investigate all disputes. Daugherty had filed several disputes with Ocwen after receiving Equifax credit reports showing him behind on his mortgage payment.

More here…

By David Dayen, Author of Chain of Title and winner of the Studs Terkel Prize via Vice

http://www.vice.com/read/what-happened-when-the-fbi-investigated-foreclosure-fraud-in-florida

Six years ago, FBI agents in Jacksonville, Florida, wrote a memo to their bosses in Washington, DC, that could have unraveled the largest consumer fraud in American history. It went to the heart of the shady mortgage industry that precipitated the financial crisis, and the case promised to involve nearly every major bank in the country, honing in on the despicable practice of using bogus documents to illegally kick people out of their homes.

But despite impaneling a grand jury, calling in dozens of agents and forensic examiners, doing 75 interviews, issuing hundreds of subpoenas, and reviewing millions of documents, the criminal investigation resulted in just one conviction. And that convict—Lorraine Brown, CEO of the third-party company DocX that facilitated the fraud scheme—was sent to prison for duping the banks.

Thanks to…