2016 Five Star Housing Government Forum – Homeowners Uninvited?

Posted on February 26, 2016 by Deadly Clear

By Deby Morrow and Sydney Sullivan

2016 Five Star Institute’s “Housing Government” Forum in Washington, DC Without a Single “Housing” Representative (i.e., a homeowner) in Attendance. Whoa, Congress – right under your nose!

The forum is a daylong event where leaders in both servicing and federal government come together to engage in honest and open dialogue about the industry’s most pressing issues and challenges affecting both your business and the entire housing economy… Without a single homeowner representative on the Agenda. Continue reading →

A.G. Schneiderman Sues Long Island & Florida Companies For Defrauding Homeowners In Mortgage Rescue Scheme

Posted on August 31, 2014 by Deadly Clear

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.

Continue reading →

Sense on Cents: Message for Tim Geithner On the Release of Stress Test

Posted on May 13, 2014 by Deadly Clear

By Larry Doyle

Dear Tim,

Congratulations on the release of your book. I assure you that I will read it and review it here at my blog.

Given your positions formerly as head of the New York Federal Reserve and Secretary of Treasury, you will certainly receive enormous media attention and exposure in touting your book and your take on dealing with the crisis of 2008. To wit, I see just this morning that The Wall Street Journal is running your editorial entitled The Paradox of Financial Crises.

Tim, let’s cut the bull$hit. Continue reading →

“What?! Give up our paychecks while we shutdown the government? We’ve got mortgages and bills to pay.”

Posted on October 3, 2013 by Deadly Clear

Washington (CNN) — In an extended shutdown, most of the federal workforce would go without pay, but the checks will keep coming to the 533 current members of Congress.

Who gets paid in a shutdown and who doesn’t? Continue reading →

Fraudclosure Against America’s Middle Class – A War with Serious Repercussions

Posted on September 24, 2013 by Deadly Clear

A Foreclosure Primer from a Washington State Paralegal.

I. War Against America’s Middle Class.

While most Americans’ (and in fact the world’s) attention is on Syria, I would like to point out that there has been a war waging right here at home for several years, and it is far more likely to have a direct impact on you than anything overseas.

There is a financial war being waged that is arguably as damaging as any war in recent history. Warren Buffet said “In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal”. [Click HERE for PDF – Warren Buffet on Derivatives] Continue reading →

Mr. Potter and the State of Washington Legislate No Need for Original Note – Just Take the Land; Bye Bye

Posted on September 16, 2013 by Deadly Clear

By Sidney Sullivan

The history of Washington includes thousands of years of Native American history before Europeans and Americans arrived and began to establish territorial claims. The region was part of Oregon Territory from 1848 to 1853, after which it was separated from Oregon and established as Washington Territory. In 1889, Washington became the 42nd state of the United States – and was recently screwed by its own legislature. [Source: Wikipedia]

On Tuesday, March 19, 2013 the Washington SENATE FINANCIAL INSTITUTIONS, HOUSING & INSURANCE Committee met to discuss SB 1435, a law that excludes the need for the original promissory note – as a convenience to lenders, title insurance companies and the Washington Bankers Association – Mr. ~~Potter~~ Eliason.

Continue reading →

Washington, DC Tax Lien Rape Leaves Homeowner with Nothing

Posted on September 8, 2013 by Deadly Clear

Don’t think for one minute that this could not happen to you.

On the day Bennie Coleman lost his house, the day armed U.S. marshals came to his door and ordered him off the property, he slumped in a folding chair across the street and watched the vestiges of his 76 years hauled to the curb. Continue reading →

An OPEN FORECLOSURE DEFENSE LETTER To ALL Governors – Wake Up!

Posted on July 9, 2013 by Deadly Clear

Most of us working in foreclosure defense find the foreclosure procedure despicable. The lies and fraudulent documents make our hearts ache and stomachs turn; and when a judge refuses to see the deceit – CORRUPTION lights up like a neon sign. It’s time we take over these land grab issues, hand them back to the states and ask the Governors and Legislators to reign in the courts and protect the constituents. This is not about a “free house” – which is pure bankster propaganda that is hard to overcome. This is about truth, integrity and honesty – none of the attributes that Wall Street banks possess these days.

One Washington state constituent, Linda Michelle Darnell, a foreclosure defense consultant, wrote a compelling letter to her governor, Jay Inslee. We Continue reading →

REMIC Armageddon on the Horizon?

Posted on June 7, 2013 by Deadly Clear

It’s about time somebody recognized it. David Reiss and Brad Bordon posted a dynamic review of the most recent ‘slap down the banks’ cases of Saldivar and Erobobo and the potential impact on the [failed] REMIC tax shelters in REFinBlog.

David Reiss writes: “Brad Borden and I have warned that an unanticipated tax consequence of the sloppy mortgage origination practices that characterized the boom is that MBS pools may fail to qualify as REMICs. This would have massively negative tax consequences for MBS investors and should trigger lawsuits against the professionals who structured these transactions. Courts deciding upstream and downstream cases have not focused on this issue because it is typically not relevant to the dispute between the parties. Continue reading →