MORTGAGE FRAUD VICTIMS: STOP FORECLOSURE FRAUD KEEPS YOU UP WITH ALL THE IMPORTANT FORECLOSURE NEWS

Tuesday, August 16, 2011

STOP FORECLOSURE FRAUD KEEPS YOU UP WITH ALL THE IMPORTANT FORECLOSURE NEWS

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Stop Foreclosure Fraud presents the following...

FORECLOSURE FRAUD | by DinSFLA
Help Stop Unlawful Foreclosures, Bank Repossession, Evictions and Foreclosure Fraud with the power of Resources, Education and Each Other.

Fannie Mae promises to keep families in homes, but instead pressures banks to foreclose - 2011-08-15 13:38:46-04StopForeclosureFraud received a similar memo from Fannie to GMAC, but this one addressed to JPMorgan Chase [see below]
Feep.com
In early December, a senior executive at Fannie Mae assured members of the Senate Banking Committee in Washington that the mortgage giant was doing everything possible to address the foreclosure crisis.
“Preventing foreclosures is a [...]

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MERS “stiffed” three Mass. Berkshire Registry of Deeds offices of nearly $2 million in recording fees - 2011-08-15 15:10:20-04
Massachusetts clearly is not backing down!

Berkshire Eagle-
A Virginia-based mortgage registry business mired in the nation’s housing foreclosure investigation has apparently “stiffed” the three Berkshire Registry of Deeds offices of nearly $2 million in recording fees for more than a decade, local registry officials have claimed.
Mortgage Electronic Registration Systems Inc. [...]

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Stern insurer wants out of policy, says it doesn’t cover claims involving “fraud” - 2011-08-15 15:58:05-04Oh it’s getting hard to escape this word connected to Mr. Stern. Just last month GMAC dropped a bombshell of it’s own in case you missed it.
Kim Miller-
An insurer for former foreclosure giant David J. Stern wants out of its policy, saying in a lawsuit that the company doesn’t cover “claims based upon, arising out [...]

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Downey Sav. & Loan Assn., F.A. v Trujillo | NY Judge Schack Slams Ebenezer Scrooge “Under the penalties of perjury, Deceptive trick and fraud upon the Court, “Bah, humbug!” - 2011-08-15 17:40:16-04
Decided on August 12, 2011

Supreme Court, Kings County

Downey Savings and Loan Association, F.A., Plaintiff,

againstDario Trujillo, et. al., Defendants.
http://stopforeclosurefraud.com/?s=JUDGE+SCHACK+%22BAH%2C+HUMBUG%22&x=0&y=0

22268/08
Plaintiff
Nicholas E. Perciballi, Esq.
Druckman Law Group, PLLC
Westbury Jericho NY
Arthur M. Schack, J.

Plaintiff’s counsel, in this foreclosure action, engaged in possible sanctionable conduct by affirming “under the penalties of perjury” to a false statement. In [...]

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N.J. judge allows 4 major banks to resume uncontested foreclosure proceedings - 2011-08-15 23:05:06-04
If New Jersey has no clue to what a third world country looks like… it better brace itself because neighborhoods are going to be eyesores. Just imagine who’s taking care of the nearly 20% of Florida homes that are vacant?
NJ-
A New Jersey judge has ruled that four major banks can resume uncontested foreclosure actions [...]

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Nevada Joins States Balking at Bank Releases in Foreclosure Practices Deal - 2011-08-15 23:19:41-04
Bloomberg-
A possible settlement of a 50-state probe of foreclosure practices was questioned by Nevada’s attorney general, who joined three other states in voicing concern about a deal that protects banks from continuing mortgage investigations.
Nevada Attorney General Catherine Cortez Masto, whose office has sued Bank of America Corp. (BAC) and is conducting civil and criminal foreclosure [...]

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It now looks like MERS and the system set up to legalize securitization was jerrybuilt at best – Ted Kaufman - 2011-08-15 23:33:21-04
Will the Mortgage Mess Meet Too Big To Fail?
HuffPO-
Ever since the Dodd-Frank Wall Street Reform Act passed last year, there has been a running debate about the Resolution Authority in the bill. Would it actually prevent another taxpayer bailout of a bank or banks to avoid a financial meltdown? I believe there [...]

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Tellado v. INDYMAC MORTGAGE SVS | PA Dist. Court “OneWest Bank shall refund all payments made under the contract, cancel and return any negotiable instrument” - 2011-08-15 23:52:26-04
JOSE TELLADO AND MARIA TELLADO, Plaintiffs,

v.

INDYMAC MORTGAGE SERVICES, a division of OneWest Bank, FSB, Defendant.
Civil Action No. 09-5022.
United States District Court, E.D. Pennsylvania.
August 8, 2011.
MEMORANDUM
PETRESE B. TUCKER, District Judge.
After a bench trial in this matter on November 8, 2010, and pursuant to Fed. R. Civ. P. 52(a), the Court [...]

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Disclaimer:

Legal information is NOT legal advice. The information herein
should NOT be taken as legal advice and is NOT a substitute for the
assistance of a licensed advisor. I AM NOT AN ATTORNEY.

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