Wells Fargo — the largest mortgage servicing company in the country — was recently busted for creating and sharing a handbook that instructed their employees on how to commit fraud. Ring of Fire guest host Farron Cousins discusses this with attorney Mike Burg. The WellsFargoForeclosureAttorneyManual on how to craft fraudulent foreclosure documents and its patent software program VendorScape are designed to defraud the homeowners and the courts. Shouldn’t the judges care?
Category Archives: Foreclosure Defense
The Buck Stops Here – But Apparently Nobody told the State Court Judges
Nothing is more depressing than a state court judge that obviously favors the bank’s attorneys – even when the evidence clearly says the trust bank claiming to hold the documents is not the real party in interest. How could a securitized trust not have to follow the UCC securities code, Articles 7-9?
How could an actively trading trust with certificates issues against a static financial asset become a “Holder” under UCC Article 3 when the financial instrument is supposed to be non-negotiable until it is purchased at face value from the trust (to pay off the certificate holders)?
Personally, every case that gets reviewed and every transcript that is read where the Assignment of Mortgages are plainly fabricated and the judge turns a blind eye when he knows the bank attorneys are defrauding the court, just smacks of judicial corruption. And in America – this is very, very sad. Continue reading
Which Institutions Do Americans Trust The Least?
Which institutions do Americans trust the least? According to the Harris Poll’s findings, Congress has fallen out of favor – 72 percent of American adults reported a decline in their trust for Congress over the past few years. The White House has also seen a major fall in trust – 57 percent of people reported that they trust it less than before.
Matt Taibbi and Bank Whistleblower on How JPMorgan Chase Helped Wreck the Economy, Avoid Prosecution
DEMOCRACY NOW!
A year ago this month the U.S. Department of Justice announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle
claims that it had routinely overstated the quality of mortgages it was selling to investors. But how did the bank avoid prosecution for committing fraud that helped cause the 2008 financial crisis? Today we speak to JPMorgan Chase whistleblower Alayne Fleischmann in her first televised interview discussing how she witnessed “massive criminal securities fraud” in the bank’s mortgage operations. She is profiled in Matt Taibbi’s new Rolling Stone investigation, “The $9 Billion Witness: Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking.” Click HERE for the interview.
Matt’s Back! The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare
Matt Taibbi is back at Rolling Stone – God Bless America!
Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking
She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore. Continue reading
The Big Lie.
If you are asking yourself ‘why are judges ruling against homeowners when they know the banks scammed them?’ Then you need to understand a judge’s most basic insight into the human condition is that it is impossible to con an honest man.* It is larceny lurking in the soul of its victim that is preyed upon. What does that mean?
The mortgage deals were too good to be true – but the homeowners believed it to be the truth… because they wanted it to be and it all boils down to making “easy” M-O-N-E-Y. Continue reading
Policy Changes aka eNotes are Here! New Paragraph 11 in Promissory Notes.
We’ve discussed UETA and eSign and the significance of explicit consent…in most cases pre-2008…there isn’t any. Here is a Indiana case that is riveting: Good v. Wells Fargo. Read it HERE.
In this case, Bryan Good stated that in this 2008 transaction there were apparently 2 notes. Wells Fargo asserts that Good signed an eNote with a new (policy change) paragraph 11 – and that is still not enough.
Yes – go get your promissory notes and look for paragraph 11. You probably won’t see it if your note pre-dates 2008. Continue reading
Please Help and Support The Torrenga Family Fighting Foreclosure
Fighting a non-traditional mortgage loan foreclosure (NTM) is one of the hardest and heart-wrenching actions anyone can undertake. What is even more frustrating is the inability to find a good foreclosure attorney when you need him/her.This was the case for KathyJo Torrenga, who started her family in this home. Click HERE to support the Torrenga Family.
The Torrenga’s live in rural Muskegon, MI and let’s face it, even in big cities it’s hard to find knowledgeable foreclosure defense attorneys. Good defense attorneys are few and far between and bank fraud – as we see in these huge settlements – runs rampant. KathyJo tried to defend her home pro se after searching for an attorney that could understand a complicated securitization case. Continue reading
A.G. Schneiderman Sues Long Island & Florida Companies For Defrauding Homeowners In Mortgage Rescue Scheme
Court Issues Restraining Order Against Firms As Lawsuit Seeks Restitution For Consumers
NEW YORK – Attorney General Eric T. Schneiderman today filed a lawsuit in New York County Supreme Court against four interrelated companies and their principals for operating a fraudulent loan modification scam. The lawsuits were filed against Home Affordable Direct, Inc. (Farmingdale, NY), Home Affordable Solutions, Inc. (Farmingdale, NY), JR Holding Group Corp (Babylon, NY), Clear Solutions and Settlements, Inc. (Tampa, FL) and their principals, Javier Gutierrez and Shadi Soumekh. The companies and their principals are alleged to prey upon financially vulnerable consumers by claiming they can provide substantial relief from unaffordable mortgage payments through loan modifications and other forms of foreclosure prevention.
Incredible! New Century Bankruptcy Judge’s Order Against Homeowner Vacated… “[d]ue process affords a re-do”
Tenacity pays off! Maybe the jig is up… This is the bankruptcy court that wanted to DESTROY the homeowner files.
“I. INTRODUCTION
Appellants Molly S. White and Ralph N. White (“White”) (“appellants”) filed this bankruptcy appeal on October 18, 2013. (D.1. 1) They appear pro se. The appeal arises from an order entered by the bankruptcy court on August 30, 2013, that determined debtors complied with the bankruptcy court’s order establishing bar dates for ‘filing proofs of claim and approving the form, manner, and sufficiency of the notice as applied to unknown creditors.” Continue reading
