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WEEKEND EDITION, NOVEMBER 11 NOVEMBER 15, 2013

Support Our Efforts: Be The First On Your Block To Own ForeclosureGate Gazette Stuff>>>>

MONDAY, NOVEMBER 11, 2013


ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

Home equity lines due for reset may be looming financial disaster Could the real estate market be heading for a new financial storm? Maybe. Some mortgage and credit experts worry that billions of dollars of home equity credit lines that were extended a decade ago during the housing boom could be heading for big trouble soon, creating a new wave of defaults for banks and homeowners.

Late Breaking Foreclosure Information At Foreclosure Crime Scene News >>>>


The Frontiers of Mortgage Servicing, Part I It's just me, Professor Porter writing. And what I wanted to write about is the first in a series of thoughts that I have about where mortgage servicing policy needs to go in the future. My first topic where think mortgage servicing needs more conversation and reform is the role of the. Loan Officer Jailed for Falsifying Borrower Assets Through the use of falsified gift letters, Edwards was able to falsely represent borrower assets to qualify individuals for mortgage loans they could not pay. Buyers soon after obtaining the homes could not maintain the locations.

This is Americas worst regulator (and JPMorgans best pal) Unfortunately, theres one regulator whose negligence is beyond problematic, and damaging the country. Meet Thomas Curry, head of the Office of the Comptroller of the Currency (OCC).

'Massive fraud' at center of trial against BofA over U.S. mortgages Bank of America Corp's Countrywide unit placed profits over quality in a "massive fraud" selling shoddy mortgages to Fannie Mae and Freddie Mac, a U.S. government lawyer said. The claim came at the start of the first case by the.

Chicago renter protection in foreclosures takes effect The "Keep Chicago Renting" ordinance protects tenants in foreclosed buildings. Now, owners of foreclosed homes will have to either help relocate their tenants or continue renting out the property until it's sold to a third party.

Lawmaker wants foreclosure buyers to pay property taxes in advance A state lawmaker wants to weed out tax scofflaws from county tax foreclosure auctions by making them pay three years of property taxes in advance.

Basic Pleading Defects Reveal Fatal Flaws in Foreclosures There are plenty of defenses, chief among them PAYMENT and denial that the contract was ever formed because neither the forecloser nor any of its predecessors loaned any money to the homeowner. Fast forward to 2013. Foreclosers routinely omit any allegation that the borrower received a loan from the entity foreclosing on the house.

Homeowner/Foreclosure Q&A:
After buying a property though foreclosure auction, how soon can I enter the property?>>>> Fighting a Foreclosure>>>> Should I still pay my rent to the landlord if the house is in foreclosure?>>>> Is there a cap on what banks & foreclosure attorneys can charge in Nevada? Should I hire an attorney or not?>>>>

More Foreclosure News:


Former Executive Of Tarp Applicant Bank Sentenced To 17 Years In Federal Prison For Massive Fraud>>>> 2013 Forbes 400: The rich have now regained all their lost riches>>>> Keep Your Home California Servicer Scorecard>>>> For those with financial hardship, money to help pay the mortgage is there for the asking>>>>

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WEEKEND EDITION, NOVEMBER 11 NOVEMBER 15, 2013

Support Our Efforts: Be The First On Your Block To Own ForeclosureGate Gazette Stuff>>>>

TUESDAY, NOVEMBER 12, 2013


ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

Wall Street slumlords outrageous new scheme: How they could wreck the economy again Youd think that investors would run away from a new Wall Street innovation as fast as Congress runs away from a good idea. But instead, theyre flocking to the latest product peddled by large banking interests, even though they look almost exactly like the mortgage-backed securities that were a primary driver of the financial crisis.

Late Breaking Foreclosure Information At Foreclosure Crime Scene News >>>>


So Who is Carmen Whistleblower Q&A Segarra? A Fed Milwaukee looks to urban agriculture to help revitalize neighborhoods hit by foreclosures Peaches and pears grow in an orchard across the street from Larry Adams' home in one of Milwaukee's poorest neighborhoods. A garden has been planted a few lots down, and another parcel serves as a.

Former bank examiner Carmen Segarra vaulted into public consciousness earlier this month when she filed a wrongful termination lawsuit alleging that the Federal Reserve Bank of New York fired her after she.

D.C. home foreclosures prompts lawsuit A lawsuit that seeks to stop tax-lien investors from taking homes through foreclosures has been filed in federal court in Washington. Coleman, a 78-year-old veteran, became a symbol of the city's often-abusive.

Bank of Americas trial: A case of note IT IS hardly controversial to say that Countrywide Financial, Fannie Mae and Freddie Mac were at the very centre of the financial crisis Countrywide because it was a leading originator of subprime-mortgage loans.

Arizona OK to use mortgage settlement funds for general use The Arizona Supreme Court ruled Tuesday that the state Legislature was allowed to use $50 million from a federal mortgage settlement to prop up the states general fund for expenses.

JPMorgan Urged to Pay More in Mortgage Deal The Justice Department is moving closer to striking a multibillion-dollar settlement with JPMorgan Chase over questionable mortgage practices, after authorities urged the bank to raise its offer and the.

Banks find appalling new way to cheat homeowners A few months ago, Ceith and Louise Sinclair of Altadena, California, were told that their home had been sold. It was the first time theyd heard that it was for sale. Their mortgage servicer, Nationstar, foreclosed on them without their knowledge, and sold the house to an investment company.

Homeowner/Foreclosure Q&A:
After buying a property though foreclosure auction, how soon can I enter the property?>>>> Fighting a Foreclosure>>>> Should I still pay my rent to the landlord if the house is in foreclosure?>>>> Is there a cap on what banks & foreclosure attorneys can charge in Nevada? Should I hire an attorney or not?>>>>

More Foreclosure News:


Former Executive Of Tarp Applicant Bank Sentenced To 17 Years In Federal Prison For Massive Fraud>>>> 2013 Forbes 400: The rich have now regained all their lost riches>>>> Keep Your Home California Servicer Scorecard>>>> For those with financial hardship, money to help pay the mortgage is there for the asking>>>>

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WEEKEND EDITION, NOVEMBER 11 NOVEMBER 15, 2013

Support Our Efforts: Be The First On Your Block To Own ForeclosureGate Gazette Stuff>>>>

WEDNESDAY, NOVEMBER 13, 2013


ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

William Suser v. Wachovia Mortgage In this appeal, we consider whether the trial judge correctly granted summary judgment in this convoluted quiet-title action, which sought, in part, to remove a mortgage because of alleged inadequacies in its assignment. Many of the relevant facts are undisputed. Plaintiff William Suser obtained and recorded, on July 29, 2006, a mortgage on a West New York condominium unit securing his $150,000 loan to the prior owner

Late Breaking Foreclosure Information At Foreclosure Crime Scene News >>>>


Regions Discloses HUD Subpoena Related to Mortgages Regions Financial Corp. (RF), Alabamas biggest bank, received a subpoena from the U.S. Department of Housing and Urban Development tied to the origination of mortgages backed by the Federal Housing Administration. Even with surge in foreclosures post-Sandy, real estate prices in Queens, Brooklyn rise One year after Hurricane Sandy, New York area homeowners are drowning under a wave of foreclosure notices. In a sign that Sandy victims cant keep up with their mortgage payments or are choosing to abandon their battered homes.

Uncle Sam Is A Reluctant Landlord Of Foreclosed Homes For sale or rent by distressed owner: 248,000 homes. Thats how many residential properties the U.S. government now has in its possession

Feds: Mortgage fraud led $8 million in losses Ten Chicago-area suspects have been indicted in an alleged scheme to fraudulently secure around 50 residential mortgage loans worth more than $14 million.

Fannie, Freddie leave collectible foreclosures

$4.6

billion

in

Focht v. Wells: The Long Term Consequences of Foreclosure Fatigue Our government has lost control of the financial system. The banks rigged the game and bought off all the players.

Fannie Mae and Freddie Mac, the two mortgage finance giants whose financial woes required massive taxpayer bailouts in recent years.

Abandoned Homes Continue to Plague Chicago Despite recent efforts by the state and Cook County to improve the foreclosure process, Illinois and the city of Chicago are still plagued by abandoned residential buildings, not a hopeful sign for some neighborhoods as vacant structures attract transients and/or criminal elements, which, in turn, bring down local home values.

Homeowner/Foreclosure Q&A:
After buying a property though foreclosure auction, how soon can I enter the property?>>>> Fighting a Foreclosure>>>> Should I still pay my rent to the landlord if the house is in foreclosure?>>>> Is there a cap on what banks & foreclosure attorneys can charge in Nevada? Should I hire an attorney or not?>>>>

More Foreclosure News:


Former Executive Of Tarp Applicant Bank Sentenced To 17 Years In Federal Prison For Massive Fraud>>>> 2013 Forbes 400: The rich have now regained all their lost riches>>>> Keep Your Home California Servicer Scorecard>>>> For those with financial hardship, money to help pay the mortgage is there for the asking>>>>

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WEEKEND EDITION, NOVEMBER 11 NOVEMBER 15, 2013

Support Our Efforts: Be The First On Your Block To Own ForeclosureGate Gazette Stuff>>>>

THURSDAY, NOVEMBER 14, 2013


ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

Is Your State Still Struggling With Foreclosures? The housing crisis flooded the real estate market with foreclosures, and while the number of foreclosed homes on the market has declined significantly in the last year, some states are moving through the backlog faster than others Foreclosure processes vary among states, one of the biggest differences being whether or not foreclosures require court action.

Late Breaking Foreclosure Information At Foreclosure Crime Scene News >>>>


Published by Hon. William H. Burgess, III Due to numerous requests for copies of substantive trial orders that I have issued, I am posting copies of such orders for easy online access. These orders are posted for information purposes only. RBS unit to pay $150 million to settle U.S. SEC charges A unit of the Royal Bank of Scotland agreed to pay more than $150 million to settle civil charges alleging it misled investors in a financial crisis-era subprime mortgage product, U.S. regulators.

Is This Normal? Can I Get a Meeting with the Attorney General? Who else is able to call up the AG and just get a meeting like that when their firm is under criminal investigation? Do other citizens get talk things through mano-a-mano with the AG himself?...

Bailout Treachery Sequel? The simple answer is yes, there will be another bailout attempt and it appears likely that the Banks will continue to confuse things enough so that it again happens only this time there will be some stern regulations.

Danish Regulator Cracks Down on Mortgage Banks as Risks Grow A government-appointed committee investigating the causes behind Denmarks housing and banking crises said last week regulators should have done more to prevent an explosion in lending.

Jamie Dimon goes to Washington as mortgage settlement talks heat up The nation's largest bank could pay anywhere from $3 billion to $11 billion to settle a range of federal and state probes, according to a person familiar with the negotiations who was not authorized to speak publicly.

SEC Wins Big Fine From JPMorgan but Execs Skate Free Both the Securities and Exchange Commission and JPMorgan Chase won great public relations victories last week. But the public lost and in ways that go far beyond this one spat. By cracking down on the bank for its faulty internal controls in the $6 billion London Whale trading loss, the SEC can claim to be the ferocious regulator we have all been waiting for.

Homeowner/Foreclosure Q&A:
After buying a property though foreclosure auction, how soon can I enter the property?>>>> Fighting a Foreclosure>>>> Should I still pay my rent to the landlord if the house is in foreclosure?>>>> Is there a cap on what banks & foreclosure attorneys can charge in Nevada? Should I hire an attorney or not?>>>>

More Foreclosure News:


Former Executive Of Tarp Applicant Bank Sentenced To 17 Years In Federal Prison For Massive Fraud>>>> 2013 Forbes 400: The rich have now regained all their lost riches>>>> Keep Your Home California Servicer Scorecard>>>> For those with financial hardship, money to help pay the mortgage is there for the asking>>>>

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WEEKEND EDITION, NOVEMBER 11 NOVEMBER 15, 2013

Support Our Efforts: Be The First On Your Block To Own ForeclosureGate Gazette Stuff>>>>

FRIDAY, NOVEMBER 15, 2013


ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

Modifications Up, Foreclosures Down, Scams Up Recent laws and local rules are getting more and more judges applying laws and rules that require the forecloser to have their ducks in a row. The answer is that they have no ducks, so they cant get them in a row or any other configuration. They are strangers to the transaction with the homeowner. And there is a growing awareness that homeowners are not seeking a free house but a true lender or creditor with whom they can engage in meaningful discussions.

Late Breaking Foreclosure Information At Foreclosure Crime Scene News >>>>


Former Ceo Of Tarp Applicant Bank Sentenced To 23 Years In Federal Prison For Massive Bank Fraud Motivated by greed, Woodard lied, cheated, and stol e, said Christy Romero, Special Inspector General for TARP (SIGTARP). Greedy for aggressive growth, he made risky bank loans Helping hand homeowners extended to struggling

We brought underwriters from the banks. People who come here with (proper) documents can get a decision on a home loan modification today, said Lisa Thompson-Bennett with the Illinois Attorney Generals Office.

Florida 2d DCA Decision Looks to REALITY not Legal Theory The Court clearly states that if the bank does not meet the prerequisites of standing at the commencement of the action, the case must.

Looting the Pension Funds In the final months of 2011, almost two years before the city of Detroit would shock America by declaring bankruptcy in the face of what it claimed were insurmountable pension costs.

So Why is Dimon Getting to Plead His Case for JP Morgan I got this e-mail from a law school professor this evening: wtf is with Eric Holder personally meeting with Jaimie Dimon? Since when do other targets of investigations get such access and solicitude?

Fannie Woos Investors as Regulators Embrace Risk-Sharing Fannie Mae, preparing its first sale of securities that would share the risks of homeowner defaults with bondholders, will offer better terms than in Freddie Macs initial deal as the U.S.-backed mortgage companies seek to expand.

Mortgage relief didn't help many keep their homes, critics say When five giant mortgage firms signed a landmark $25-billion mortgage settlement last year, officials hailed debt forgiveness as the primary strategy to preserve homeownership. The banks hoped to avoid further enforcement action over widespread foreclosure abuses; federal regulators and state attorneys general aimed to prevent even more foreclosures.

Homeowner/Foreclosure Q&A:
After buying a property though foreclosure auction, how soon can I enter the property?>>>> Fighting a Foreclosure>>>> Should I still pay my rent to the landlord if the house is in foreclosure?>>>> Is there a cap on what banks & foreclosure attorneys can charge in Nevada? Should I hire an attorney or not?>>>>

More Foreclosure News:


Former Executive Of Tarp Applicant Bank Sentenced To 17 Years In Federal Prison For Massive Fraud>>>> 2013 Forbes 400: The rich have now regained all their lost riches>>>> Keep Your Home California Servicer Scorecard>>>> For those with financial hardship, money to help pay the mortgage is there for the asking>>>>

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