SECURITIZED DISTRUST – PART TWO

Posted on August 2, 2012 by Deadly Clear

“The abuses and dishonesty and multiple breaches of contract within the shadow banking world of securitized trusts appear to have been endless, now with new revelations regarding the rigging of Libor rates, as well as constituting a litigation puzzle for borrowers and for their attorneys seeking to use those abuses and dishonesty to their advantage. But how?”

SECURITIZED DISTRUST PART TWO provides another outstanding synopsis of the banking foreclosure fraud and little known hidden secrets used by lenders to defraud the borrowers and the courts.

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HAWAII SENATE RESOLUTION DIRECTING THE ATTORNEY GENERAL TO INVESTIGATE CASES WHERE FRAUDULENT TRANSFERS AND ASSIGNMENTS OF MORTGAGE LOAN DOCUMENTS ARE ALLEGED.

Posted on March 9, 2012 by Deadly Clear

HAWAII SENATE CONCURRENT RESOLUTION S.C.R. NO. 39 – NEEDS YOUR SUPPORT AND TESTIMONY BEFORE MARCH 13, 2012 at 10:15 A.M.

Honolulu, Hawaii March 9, 2012 Mahalo Hawaii Senators!

In an effort to get the Hawaii Attorney General’s focus on the fraudulent documents filed in the Hawaii Bureau of Conveyances, the Hawaii Senate drafted a Concurrent Resolution in cooperation with the House Representatives:

“DIRECTING THE ATTORNEY GENERAL OF THE STATE OF HAWAII TO INVESTIGATE CASES WHERE FRAUDULENT TRANSFERS AND ASSIGNMENTS OF MORTGAGE LOAN DOCUMENTS ARE ALLEGED“…and just in time. Continue reading →

“The REMICs have failed! “The REMICs have failed!”

Posted on November 4, 2011 by Deadly Clear

If Paul Revere were alive today he would be riding through the town warning “The REMICs have failed!” However, the government these days would go, “Shhhhhh!”

Most average homeowners have no idea what a REMIC is – actually most attorneys have no clue …. so, you know many of the Judges are completely in the dark. REMICs are a form of IRS tax shelter sold to investors as part of the mortgage-backed securities package (Real Estate Mortgage Investment Conduit (“REMIC”) pursuant to I.R.C. §§860A-G).

The documents that killed the REMICs may actually help save your home. Continue reading →

Ratigan on Delaware Fights MERS® – “even where Washington has failed to do so”

Posted on October 29, 2011 by Deadly Clear

Delaware AG Beau Biden: Fighting Fraudclosure
October 28, 2011

Dylan Ratigan has been a powerful journalist in the investigative media exposing the frauds and government mismanagement of the Wall Street Ponzi scheme that lead to the worldwide financial collapse. Delaware AG Beau Biden is the most recent of attorneys general to file a lawsuit on behalf of the homeowners in Massachusetts against MERSCORP, Inc. Ratigan’s interview with AG Biden identifies the significant issues that ALL attorneys general (including Hawaii) should be considering.

CLICK HERE for the interview.

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COMPLAINT | STATE OF DELAWARE v. MERSCORP INC. Go Go Beau!

Posted on October 28, 2011 by Deadly Clear

As most of us are aware – it’s about time that MERSCORP, Inc. became the thrust of the AG’s investigations. It’s also about time that JUDGES started reading up on the lawsuits against MERSCORP, Inc. and it’s “straw man” empty shell entity Mortgage Electronic Registration Systems, Inc. and quit giving them a free ride. STOP making BAD law thinking you are protecting your pension and retirement funds – THEY ARE GONE!

Complaint | State of Delaware v. MERSCORP Inc

RACHEL MADDOW | BEAU BIDEN ON MERS AND

ACCOUNTABILITY OF MORTGAGE MALFEASANCE

If there is one MUST WATCH interview for all Legislators, lawyers and JUDGES – it’s the MADDOW – BIDEN interview on MERSCORP, Inc. CLICK HERE and pass it along to your friends on the judiciary committees and the Judges on the bench.
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MERS vs. MERScorp – Looks Like They are One-in-the-Same

Posted on October 11, 2011 by Deadly Clear

How many times have you seen opposing counsel argue in a Motion to Dismiss that MERSCORP, Inc. should not be a Defendant in the lawsuit? They allege, for example: “Plaintiffs do not allege that they had any dealings with Defendant MERSCORP, nor that Defendant MERSCORP is a party to or drafted any of the documents relative to their loan, or took any action against them?” Well, folks – MERS and MERSCORP, Inc. are apparently one-in-the-same… it appears to be a “dba” at best…. New evidence, anybody? [Ed. note: I stand corrected referring to the comment below; not even “dba” is adequate. See AMERICA WHOLESALE LENDER v. PAGANO stating,“We conclude that, because a trade name is not an entity with legal capacity to sue, the corporation has no standing to litigate the merits of the case.” Check your state and local case law.]

The U.S. Patent and Trademark Office documents a MERS “name change” … Continue reading →

How & Why the Big Banks’ Lobbyists Killed Foreclosure Mitigation

Posted on October 10, 2011 by Deadly Clear

BIG BANKS OWN CALIFORNIA TOO
By Lee Fang, October 8, 2011

As the 99 Percent Movement takes shape across the country, citizens are demanding that Congress represent the public interest instead of the whims of bankers and big corporations. For instance, after demanding and receiving massive bailouts, Wall Street banks successfully lobbied Congress to crush any serious effort to mitigate the foreclosure crisis. The spectacular bank lobbying coup in Washington prompted Sen. Dick Durbin (D-IL) to remark that the banks “frankly, own the place.” [read more on NationofChange.org].

And the answer to the $10 million question…. Whose fault is that, Dick? Tic toc, tic toc…. Continue reading →

Do Lenders Need To Hold Both Promissory Note & Mortgage At Foreclosure?

Posted on September 12, 2011 by Deadly Clear

SJC To Consider “Produce The Note” Foreclosure Defense In MERS Mortgage Case

by RICH VETSTEIN on SEPTEMBER 8, 2011 in
FANNIE MAE, FORECLOSURE, MASSACHUSETTS REAL ESTATE LAW, MORTGAGE CRISIS, MORTGAGES

Do Lenders Need To Hold Both Promissory Note & Mortgage At Foreclosure?

In a rare “sua sponte” (on their own) direct appellate review, the Massachusetts Supreme Judicial Court has agreed to hear an appeal considering the controversial “produce the note” defense in foreclosure cases and whether a foreclosing lender must possess both the promissory note and the mortgage in order to foreclose. Based on arguments asserted by the lender, the court may also consider the circumstances by which a mortgage granted to Mortgage Electronic Registration System (MERS) can be effectively foreclosed in Massachusetts. Continue reading →

Part II – The Elites will Eat Their Own: Full-Blown Civil War Erupts On Wall Street

Posted on September 5, 2011 by Deadly Clear

Part II: Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

By David DeGraw

Continuing from Part I on DEADLY CLEAR:

You can read the suits filed against each individual bank here. For some more information read Bloomberg: BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion. Noticeably absent from the list of companies being sued is Wells Fargo.

And the suits just keep coming…

BofA sued over $1.75 billion Countrywide mortgage pool

Bank of America Corp (BAC.N) was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying Continue reading →

Part I – The Elites will Eat Their Own: Full-Blown Civil War Erupts On Wall Street

Posted on September 5, 2011 by Deadly Clear

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

By David DeGraw

Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Turn On Each Other Finally, after trillions in fraudulent activity, trillions in bailouts, trillions in printed money, billions in political bribing and billions in bonuses, the criminal cartel members on Wall Street are beginning to get what they deserve. As the Eurozone is coming apart at the seams and as the US economy grinds to a halt, the financial elite are starting to turn on each other. The lawsuits are piling up fast. Here’s an extensive roundup: Continue reading →