Shame the Banks – Tell YOUR Story at ShameTheBanks.org

4closureFraud teams up with Shame the Banks. Go tell YOUR story and encourage others to do so as well. Together we can do more… This is a call to action. We are asking YOU to tell everyone you know – through e-mail, on facebook, twitter or other social media feeds, or through writing or calling … Continue reading

What Happens to Household Formation in a Recession

The present economic downturn has been, by many measures, the most severe since the Great Depression.  The housing market has been buffeted by large declines in real house prices, caused in part by the collapse of the housing finance system and by continued job losses. While the difficulties in the housing market are nationwide, some … Continue reading

Florida – The Face of Foreclosure

A Review of Statewide Foreclosure Filings A brief survey of news articles on foreclosures throughout the state of Florida is likely to leave one overwhelmed with potentially conflicting figures. In fact, many Floridians would probably not be surprised to read an article published by a major media outlet describing plummeting foreclosure rates one minute, and … Continue reading

Hamp “Improvements” – Making Home Affordable Program Enhancements to Offer More Help for Homeowners

Today (Friday March 26th) the Administration announced enhancements to the Home Affordable Modification Program (HAMP) to provide additional resources for struggling homeowners.  These changes will provide temporary mortgage assistance to some unemployed homeowners, encourage servicers to write-down mortgage debt as part of a HAMP modification, allow more borrowers to qualify for modification through HAMP, and … Continue reading

Full Deposition of the Infamous Erica Johnson Seck Now Available for Download and Printing

Here’s to all the requests. Screen might  freeze for a few but be patient. Takes a bit to load. Enjoy… 4closureFraud Florida Foreclosure Defense Law Offices of Carol C. Asbury http://www.FightTheBanksNow.com Full Deposition of the Infamous Erica Johnson Seck

JPMORGAN HAMP FAIL: 200,000 HAMP Mods offered, Only 2% Permanent?

JPMORGAN HAMP FAIL: 200,000 HAMP Mods offered, Only 2% Permanent? Here is the presentation from JPMorgan Chase yesterday, Dec, 8, 2009 at the Goldman Sachs Financial Services Conference… Page 18 in the presentation shows the progress of the various modification programs at JPM Chase. Only 2% HAMP trial modification have become permanent (4,302 of 199,033 … Continue reading

REVENGE OF THE DEBTORS – WHO CAN LEGALLY ENFORCE A MORTGAGE AFTER A “LANDMARK” CASE

“These cases encourage debtors and other parties to defensively use the mortgage securitization servicing system to prohibit servicers and other non-lending parties from enforcing rights under a mortgage. This trend, if it continues, may have significant impacts for consumer-debtor lawyers, as well as law firms that enforce mortgages and participated in mortgage loan securitization.” “A … Continue reading

This Judge “Gets It” Indymac Bank F.S.B. v Yano-Horoski

Indymac Bank F.S.B. v Yano-Horoski “Upon the Court’s own motion, it is ORDERED that the Adjustable Rate Note in the amount of $ 292,500.00 dated August 4, 2004 made by Diana J. Yano-Horoski in favor of IndyMac Bank F.S.B. shall be and the same is hereby cancelled, voided, avoided, nullified, set aside and is of … Continue reading

Defective Paperwork Strips Mortgage Holder of Foreclosure Rights NO. 09-CV-10988-PBS

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. and COUNTRYWIDE HOME LOANS, INC., v WARREN E. AGIN, TRUSTEE, A Massachusetts federal judge has upheld a bankruptcy court ruling allowing a trustee to treat a mortgage as an unsecured claim, which strips the mortgage holder of foreclosure rights, because of defective mortgage paperwork. 4closureFraud https://4closurefraud.wordpress.com/

EXECUTIVE ORDER 13519 ESTABLISHMENT OF THE FINANCIAL FRAUD ENFORCEMENT TASK FORCE

EXECUTIVE ORDER 13519 – – – – – – – ESTABLISHMENT OF THE FINANCIAL FRAUD ENFORCEMENT TASK FORCE By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to strengthen the efforts of the Department of Justice, in conjunction with Federal, State, … Continue reading

MERS, Mortgage Electronic Registration Systems and You

MERS,  Mortgage Electronic Registration Systems and You by Kevin Lamson Basic Corporate Information •MERS is incorporated within the State of Delaware. •MERS was first incorporated in Delaware in 1999. •The total number of shares of common stock authorized by MERSʼ articles of incorporation is 1,000. •The total number of shares of MERS common stock actually … Continue reading

Mortgage Securitization, Servicing, and Consumer Bankruptcy

“Well, in short, in the words of the Rapper Puff Daddy, “It’s all about the benjamins, Baby.” By O. Max Gardner III Wayne Gretzky once said that his success was due to the fact that he focused on where the puck was going to be, not where it was. For most consumer debtors who have … Continue reading

Foreclosure Fraud – What You Don’t Know Can Hurt You

“It’s actually been happening for a year or more in large numbers. Why the media hasn’t picked up on this story is a good question to ask… I don’t think anyone realizes how big this area of fraud actually is or could believe that it’s truly happening. The biggest reason is probably because the judicial … Continue reading

Full Deposition of the Infamous Erica Johnson Seck RE: Indymac Federal Bank Fsb, Plaintiff, Vs. Israel a. Machado – 50 2008 CA 037322xxxx Mb

“The Sanction of Dismissal is Warranted in this Case. As shown in the discussion above, the BANK has filed many documents with the Court in complete disregard of the truth or falsity of their factual underpinnings. Under the Court’s general civil contempt powers, the Court is authorized and entitled to sanction the BANKS’s misconduct. As … Continue reading

Saxon Mortgage Services, Inc., Et Al., Plaintiffs, V. Ruthie b. Hillery, Et Al., Defendants

“Regarding MERS and why they have a big problem with no quick solution. This is because MERS is the Beneficiary of the Security only and they nothing to do with the Note and are not a party to the Note. The problem is that an Assignment is worthless if it only transfers the Deed of … Continue reading