The Neil Garfield Show… Understanding Mortgages and Real Estate Loans


Hello Homeowners,
This is a great source of info pertaining to real estate loans.  I have learned so much from Neil.

 

Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays NEW MAIN NUMBER: 202-838-NEIL (6345). Do you have a question regarding wrongful foreclosure? Tonight Neil Garfield and California Attorney Charles Marshall will answer questions from Livinglies readers. Please keep your questions short and concise so […]

via Tonight on the Neil Garfield Radio Show 6pm Eastern: Q&A with Attorney Charles Marshall. — Livinglies’s Weblog

http://www.fraudstoppers.org/


 

http://www.fraudstoppers.org/

Breaking News for California Homeowners Facing Foreclosure:

Your mortgage could be legally unenforceable and you could be entitled to financial compensation for mortgage fraud and other legal violations. Legal errors, contract breaches, appraisal and mortgage fraud have caused the majority of mortgage transactions to be legally unenforceable.

Did you know that a government audit revealed that 83% of the mortgages surveyed contained legal violations?

Did you know these legal violations can turn the tables on your predatory lender and make them pay you to go away?

“I cannot decide for you the moral obligations you wish to pursue; but if a wrong has been committed against you (such as a clouded title or a fraud resulting from a mortgage loan) you have the duty as an American property owner to correct it. Filing a suit (in my book) reflects one’s personal responsibility”. Clouded Titles, p 13.

Stop playing games and wasting time trying to work with your corrupt lender, they are not in business to help you. If you’re interested in learning how to save your house from foreclosure by suing your predatory lender for mortgage fraud, get started right now by clicking here

http://www.fraudstoppers.org/

Foreclosure Notice…


Hello everyone,

I get to experience Foreclosure on my home in Montebello, CA.  Here are two documents, the NOD (Notice of Default) and the Payments I been making to the Loan Servicer.  I have not experienced that the Loan Servicer wants me to stay in my home.

Ed Reidhead

 

NOD8213

mortgagepmt

 

 

Unsealed court-settlement documents reveal banks stole $trillions’ worth of houses


Wow!  Is this the way Banks do business with Homeowners here in the United States?  I’m learning more and more about the mortgage banks and the different illegal activities they engage in.

Ed Reidhead

 

Unsealed court-settlement documents reveal banks stole $trillions’ worth of houses

Cory Doctorow at 8:46 am Mon, Aug 12, 2013
 
Back in 2012, the major US banks settled a federal mortgage-fraud lawsuit for $95,000,000. The suit was filed by Lynn Szymoniak, a white-collar fraud specialist, whose own house had been fraudulently foreclosed-upon. 

When the feds settled with the banks, the evidence detailing the scope of their fraud was sealed, but as of last week, those docs are unsealed, and Szymoniak is shouting them from the hills. The banks precipitated the subprime crash by “securitizing” mortgages — turning mortgages into bonds that could be sold to people looking for investment income — and the securitization process involved transferring title for homes several times over. This title-transfer has a formal legal procedure, and in the absence of that procedure, no sale had taken place. See where this is going?
The banks screwed up the title transfers. A lot. They sold bonds backed by houses they didn’t own. When it came time to foreclose on those homes, they realized that they didn’t actually own them, and so they committed felony after felony, forging the necessary documentation. They stole houses, by the neighborhood-load, and got away with it. The $1B settlement sounded like a big deal, back when the evidence was sealed. Now that Szymoniak’s gotten it into the public eye, it’s clear that $1B was a tiny slap on the wrist: the banks stole trillions of dollars’ worth of houses from you and people like you, paid less than one percent in fines, and got to keep the homes.
Now that it’s unsealed, Szymoniak, as the named plaintiff, can go forward and prove the case. Along with her legal team (which includes the law firm of Grant & Eisenhoffer, which has recovered more money under the False Claims Act than any firm in the country), Szymoniak can pursue discovery and go to trial against the rest of the named defendants, including HSBC, the Bank of New York Mellon, Deutsche Bank and US Bank.
The expenses of the case, previously borne by the government, now are borne by Szymoniak and her team, but the percentages of recovery funds are also higher. “I’m really glad I was part of collecting this money for the government, and I’m looking forward to going through discovery and collecting the rest of it,” Szymoniak told Salon.
It’s good that the case remains active, because the $95 million settlement was a pittance compared to the enormity of the crime. By the end of 2009, private mortgage-backed securities trusts held one-third of all residential mortgages in the U.S. That means that tens of millions of home mortgages worth trillions of dollars have no legitimate underlying owner that can establish the right to foreclose.

This hasn’t stopped banks from foreclosing anyway with false documents, and they are often successful, a testament to the breakdown of law in the judicial system. But to this day, the resulting chaos in disentangling ownership harms homeowners trying to sell these properties, as well as those trying to purchase them. And it renders some properties impossible to sell.

To this day, banks foreclose on borrowers using fraudulent mortgage assignments, a legacy of failing to prosecute this conduct and instead letting banks pay a fine to settle it. This disappoints Szymoniak, who told Salon the owner of these loans is now essentially “whoever lies the most convincingly and whoever gets the benefit of doubt from the judge.” Szymoniak used her share of the settlement to start the Housing Justice Foundation, a non-profit that attempts to raise awareness of the continuing corruption of the nation’s courts and land title system.

SOURCE: BoingBoing

My Foreclosure Experience Begins with a “Notice of Default” from the bank…


Hello Everyone,

Today I just learned that the Bank (Federal Reserve Bank, the Bank of New York Mellon, JPMorgan, Chase, One West Bank, IndyMac Bank) that holds the mortgage on my home at 537 N. 6th Street, Montebello, CA  90640 has started a foreclosure process against my brother (I actually live in the house) as I continue to pay the monthly mortgage.  I have had many mixed feelings on this, I feel like the best thing I can do at this time is to be transparent and share my experiences for the benefit of All.

I am seeking legal advice from those that understand the systemic fraud being practiced in the mortgage markets.  I am committed to filing a lawsuit against the bank for the many Fraud’s committed and continuing in the mortgage market.  I am standing for my financial freedom and everyone’s financial freedom…

more to follow…

Ed

 

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