Home for Christmas: Suicide, Depression and the Holidays

The holidays can be very trying times for people who are facing foreclosure or are in litigation. Many of us fighting foreclosure have been victimized by a corrupt judicial system that refuses to comply with the law, and predatory attorneys who fail to uphold their promises; while taking every last cent we have. There is often no recourse with the courts and filing malpractice is often not financially feasible. Banks rely on their ability to influence the judiciary and evade discovery requests while outspending and exhausting the consumer. If the laws were followed, these cases would be honorably settled, people would heal, and everyone would go forward with their lives-but this isn’t how the banks and courts work. The feeling of powerlessness, hopelessness and futility often contribute to major depression and too often result in suicide when people recognize that everything they…

see https://www.wellsfargo.com/com/financing/real-estate/multi-family-capital/manufactured-home-communities/

See

• Conduit Loan Servicing (PDF)

Wells Fargo Article: “The thing most borrowers fail to realize about conduit loans is that once the loan has been securitized they are not working with a “lender” anymore.”

[Editor’s Note: And they never were dealing with a “lender.” Wells Fargo glosses over the fact that without the money and the loans going into the trust, the loan was not securitized, they destroyed the security, the Trust is nothing in the eyes of the law, and they made it virtually impossible for investors to know how to collect their money when the servicer chooses to stop making payments to the investors.

But what is clear is that in  virtually all cases Wells Fargo admits that as Master Servicer they are causing payments to be made at least 3-4 months after the borrower stops paying the servicer.]

see Wells Fargo Document – No Lender…

In May 2009 Congress created a special commission to examine the causes of the financial crisis. The idea was to emulate the celebrated Pecora Commission of the 1930s, which used careful historical analysis to help craft regulations that gave America two generations of financial stability.

But some members of the new commission had a different goal. George Santayana famously remarked that “those who cannot remember the past are condemned to repeat it.” What he didn’t point out was that some people want to repeat the past — and that such people have an interest in making sure that we don’t remember what happened, or that we remember it wrong.

Read More: ‘The Big Short,’ Housing Bubbles and Retold Lies – The New York Times

Back in 2007, at the height of the foreclosure crisis, Citibank CEO Chuck Prince told the Financial Times that, “As long as the music is playing, you’ve got to get up and dance. Prince continued, “we’re still dancing.”   It appears the Big Banks are still dancing- while the judiciary has turned into a giant electronic music festival sponsored by an unconcerned judiciary and impotent government agencies. Since 2007 nothing has changed- consumers are still being foreclosed on by banks who have no standing to do so- and the foreclosure epic continues unchecked.

The Big Short, a film written by Michael Lewis (Moneyball, The Blind Side, The Big Short), will be released on December 23^rd, 2015 and will hopefully provide enough outrage that Americans take to the street in protest. The movie, starring Brad Pitt (who also produced), Steve Carell, Christian Bell and Ryan Gosling- tells the story of…

For more information please call 954-495-9867 or 520-405-1688

This is not a legal opinion on any individual case. It is for general information only. Get a lawyer.

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The financial crisis struck a chord with Hollywood this year as two major motion pictures were listed in the nominations for the 73rd Golden Globe Awards, which were announced early Thursday morning.

The Big Short was one of three motion pictures to lead the nominations for the 73rd Golden Globe Awards, which were announced early Thursday morning.

The comedy motion picture flashes back to the 2008 timeframe where the subprime debacle was just taking hold.

The cast of characters bet against the big banks, and potentially, the American economy to get rich while the Empire crumbled.

Add in a couple of Hollywood A-listers and you get The Big Short movie, based on the book by Michael Lewis.

Golden Globe nominations for The Big Short include:

• Best motion picture – musical or comedy
• Best performance by an actor in a motion picture – musical or comedy – Christian Bale
• Best performance…

Up until the motion picture The Big Short, which is based on the best-selling book by Michael Lewis, the name Michael Burry was probably unfamiliar to most people.

The comedy motion picture flashes back to the 2008 timeframe where the subprime debacle was just taking hold.

……………………

One of the characters is Michael Burry, played by Christian Bale. According to an article in CNBC, Burry made a fortune in last decade’s financial crisis by betting that the housing bubble would burst, is also gaining a following north of Hollywood, as a Silicon Valley tech investor.

Now, in 2015, the article explained his latest venture. Burry is an early investor in PeerStreet, an online marketplace for real estate-backed loans.

From CNBC:

PeerStreet’s mission is to open up a particular segment of the real estate market — residential, typically non-owner occupied — to a wider swath of investors, thus adding…