Monthly Archives: December 2010

Lawmaker Questions Power to Foreclose

Lawmaker Questions Power to Foreclose By ROBBIE WHELAN Wall Street Journal Nov. 1, 2010 A Virginia lawmaker asked the state’s attorney general to launch an investigation of Mortgage Electronic Registration Systems, the middleman firm in millions of court filings that … Continue reading

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Foreclosure Defenses, Foreclosure Fraud, Overview

65,830 foreclosure cases in Florida cleared in three months

11/02/2010 © Palm Beach Post By Kimberly Miller Florida’s courts cleared 65,830 foreclosure cases in a three-month period beginning July 1, with 71 percent being decided in quickie hearings before the judge sometimes called “rocket dockets.” According to a report … Continue reading

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Overview

Distressed Homeowners Appeal to Third Circuit in Foreclosure Fraud Class Action Against Countrywide, Wells Fargo and Phelan Hallinan & Schmieg

Less than two weeks ago, an appeal was filed in the US Court of Appeals for the Third Circuit, alleging a Philadelphia based law firm, Phelan Hallinan & Schmeig (PHS) along with Countrywide Home Loans, Inc (CW) and Wells Fargo … Continue reading

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Foreclosure Defenses, Foreclosure Fraud, The Players

From Public Records to Private Databases

In a typical subprime mortgage loan, a homeowner communicates with a mortgage broker that receives a commission for selling the loan. At closing the homeowner signs a promissory note on behalf of the originating lender and a mortgage or deed … Continue reading

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History - Or how we got here

Here’s an example of Mortgage Fraud from the WSJ

From the WSJ, October 4 First, the affidavits IndyMac used to file the foreclosure were signed by a so-called robo-signer named Erica A. Johnson-Seck, who routinely signed 6,000 documents a week related to foreclosures and bankruptcy. That volume, the court … Continue reading

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Foreclosure Fraud

Fraud On The Court

FRAUD ON THE COURT InUS Bank v. Harpster the Law Offices Of David J. Stern committed fraud on the court by the evidence based on the Assignment of Mortgage that was created and notarized on December 5, 2007. However, that purported creation/notarization date … Continue reading

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Foreclosure Defenses, MERS

COURTS FIND ISSUES WITH MERS

COURTS FIND ISSUES WITH MERS Federal and state judges across America are realizing that the mortgage industry’s nominee is backfiring. In Mr. Arnold’s own words, “For these servicing companies to perform their duties satisfactorily, the note and mortgage were bifurcated. … Continue reading

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MERS

MERS – The Quarterback

  MERS has evolved into a totally different purpose today. Mortgage Electronic Registration Systems, Inc. is a wholly owned subsidiary of MERSCORP Inc., located at 1595 Spring Hill Rd Ste 310 Vienna, VA 22182. MERS was founded by the mortgage … Continue reading

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MERS, The Players

Foreclosure Bombshell

A bombshell has landed on the banks. There are two major themes going on currently in Foreclosure Land. First is Document Fabrication – which is fraud, and one of the areas that has gained so much press of late. Second … Continue reading

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Overview