8/13/2019 YEAR IN REVIEW, WEEKEND EDITION - January - May 2013 - ForeclosureGate Gazette

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MONDAY, DECEMBER 16, 2013 

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS

The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related NewsAnd Information Intended To Educate And Advance Justice For American Homeowners

JANUARY 2013 

OCC Foreclosure Reviewer: “ Independent” Reviews Were Controlled by Banks, Findings Suppressed

This is what corruption looks like at the operational level. I suggest you read this piece closely; it’s chock full ofdamning tidbits. For instance, Luxtexente gives us one reason why the cost of this process got to be so high: he andhis colleagues were being paid early on to do nothing. …. Time after time scenarios would go something like this.The borrower would call in and ask for help with a modification….

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

 As Foreclosure Crisi s Drags On, So DoesFlawed Government Response

 As the sixth year of the foreclosure crisis comesto an end, the percentage of loans in foreclosureremains a staggering eight times higher than it

was in 2005. About 5.3 million homeowners —

The middle class languishes as the super-richthrive

Notwithstanding the election results, the course ofnegotiations in Washington suggests that in 2013,the Americans taking it on the chin will be people

defined by Mitt Romney as the 47% who refuse….

Sarasota author suing biggest U.S. bank overforeclosure

Self-help author Liz Coursen was not looking toset a precedent when she decided to go after thebig Wall Street investment bank that foreclosedon her Sarasota home. She just wanted herhouse back….

Despite Massive Fraud, The Wall Street

Journal Pushes To Make It Easier For BanksTo Foreclose On Homeowners

Despite this fraud, a Journal  editorial advocatedthat all states adopt a mortgage foreclosuresystem in which lenders can seize people'shouses without going to court:

Feds Replace Flawed Foreclosure ReviewWith Vague $8.5 Billion Settlement

The Independent Foreclosure Review wassupposed to be a full and fair investigation of thebig banks' foreclosure abuses, and it wastrumpeted as the government's largest effort tocompensate victimized homeowners….

Everyone Realized Very Early On That theBanks Had No Losses From Defaulting Loans

It was the investors who made the loans andwould take those losses. But even though thegovernment recognized this fact, it did so in secretallowing the confusing notion of bank losses topermeate the judicial cases….

Stench Rises on Rumored $10 Billion Settlement to End Wall Street Foreclosure Fraud Investigation

Borrowers that suffered injuries were to receive financial awards up to a maximum of $125,000 under these consentorders. Now, out of the blue, major business media are reporting that this legally adopted plan has been scrappedand a quick fix will soon be announced to fine the whole lot of banks a cumulative $10 billion and call it quits on theinvestigation….

Homeowner/Foreclosure Q&A: A Look Back, Homeowners Vs. Banks 2013 

HOA subordination of lien in Declaration, in a first mortgageforeclosure sold to third party, who is liable?>>>>

What is the time limit for lender to respond to a defendantsMotion to dismiss ?>>>>

Did foreclosure attorney actually do the Title Search?>>>>

Foreclosure Process in Maryland>>>>

Citing Federal Protection, Army Dentist Fights Foreclosure>>>>

Fighting Foreclosure In Washington State>>>>

Golden Valley woman sues to stop foreclosure>>>>

 Auburn woman to receive settlement in foreclosure mess>>>>

8/13/2019 YEAR IN REVIEW, WEEKEND EDITION - January - May 2013 - ForeclosureGate Gazette

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8/13/2019 YEAR IN REVIEW, WEEKEND EDITION - January - May 2013 - ForeclosureGate Gazette

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WEDNESDAY, DECEMBER 18, 2013 

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS

The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related NewsAnd Information Intended To Educate And Advance Justice For American Homeowners

MARCH 2013 

The recession was her fault

The state and federal charges against Brown claim that she committed a conspiracy to forge and fabricate mortgagedocuments. But apparently it was a conspiracy of one. Nobody else participated in this scheme, at least according tothe statements of fact that the Justice Department put out. They assert that Brown cleverly concealed hercompany’s conduct from mortgage servicers, units of some of the largest banks….

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

State high court rules big foreclosure trusteebroke consumer law

Quality “has demonstrated little understanding orregard for Washington law,” wrote Justice TomChambers. Foreclosure trustees are not simply

agents for the lender, the court wrote….

Maine Supreme Court: "only the economicbeneficiary of a mortgage note may sue forforeclosure"

[¶16] The requirement that a plaintiff “certify proofof ownership of the mortgage note” does require

that a plaintiff do more than provide the evidence..

SHILLER: All This Housing Optimism Is WayToo Premature

Henry Blodget: Everybody in the U.S. seemsconvinced that the housing market is going tocome roaring back, it’s going to save theeconomy, house prices are going to rise, housesare a great investment again. Are they right?

California Court Holds That Borrowers MayEnjoin A Foreclosure If A Lender Fails To MeetServicing Guidelines

In Pfeiffer v. Countrywide Home Loans, ---Cal.Rptr.3d ----, 2012 WL 6216039 (Dec. 13,2012), mortgage borrowers filed a damages claimagainst a trustee for violating the federal Fair….

Dave Dayen: Servicers Committed Loan ErrorRates of Either 4.2% or 97.2%, Take Your Pick

 Anyone paying a smattering of attention justifiably raised a skeptical eyebrow at theOffice of the Comptroller of the Currency’sassurances to Congress that the Independent ….

Facing Foreclosure? Don't Just Sit There—ActNow

 A shocking 2012 study by the Federal ReserveBank of Chicago, the Office of the Comptroller ofthe Currency, University of Chicago and OhioState University estimates that over 800,000 ….

LPS Inc. In Agreement to Resolve Criminal Fraud Violations Following Guilty Plea from Subsidiary CEO

Lender Processing Services Inc. (LPS), a publicly traded mortgage servicing company based in Jacksonville, Fla.,has agreed to pay $35 million in criminal penalties and forfeiture to address its participation in a six-year scheme toprepare and file more than 1 million fraudulently signed and notarized mortgage-related documents with propertyrecorders’ offices throughout the United States….

Homeowner/Foreclosure Q&A: A Look Back, Homeowners Vs. Banks 2013 

HOA subordination of lien in Declaration, in a first mortgage

foreclosure sold to third party, who is liable?>>>>

What is the time limit for lender to respond to a defendants

Motion to dismiss ?>>>>

Did foreclosure attorney actually do the Title Search?>>>>

Foreclosure Process in Maryland>>>>

Citing Federal Protection, Army Dentist Fights Foreclosure>>>>

Fighting Foreclosure In Washington State>>>>

Golden Valley woman sues to stop foreclosure>>>>

 Auburn woman to receive settlement in foreclosure mess>>>>

8/13/2019 YEAR IN REVIEW, WEEKEND EDITION - January - May 2013 - ForeclosureGate Gazette

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THURSDAY, DECEMBER 19, 2013 

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS

The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related NewsAnd Information Intended To Educate And Advance Justice For American Homeowners

APRIL 2013

Nine Atto rneys General Demand DeMarco Ouster

Nine state attorneys general have sent a letter to President Obama, Senate Majority Leader Harry Reid and SenateMinority Leader Mitch McConnell demanding new leadership at the Federal Housing Finance Agency (FHFA). Theletter, which effectively calls for Acting FHFA Director Edward J. DeMarco to be fired, was sent Friday by the groupspearheaded by Massachusetts' AG Martha Coakley and New York's Eric Schneiderman….

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

Borrower Beware: Don’t Payoff WithoutTender of REAL Original Note

So whether you are buying property, sellingproperty or paying off the “old” mortgage for anyreason you are not only creating a title mess, you

have no proof that the original note has beencanceled….

Why the Independent Foreclosure ReviewsWere Doomed to Fail

The message: we didn't foreclose on anyone whodidn't deserve it. We were just foreclosing onsome scumbags and doing you all a favor by

getting the meth lab out of the neighborhoodbefore it blew up….

Foreclosure Horror Story: BofA MortgageModification All egedly Goes Wrong

Bank of America’s math is bad -- real bad! Myname is Grace Alexander and I’m a 57-year-oldNewark grandmother. Bank of America offered to"help" me save my home from foreclosure ….

Indictment - 18 U.S.C. 1343, 1346: Wire Fraud,Deprivation of Honest Services

Defendant GRANILLO's duties included reviewingand approving applications made by real estatebrokers for permission to list Fannie Mae REOproperties for sale; assigning Fannie Mae REO …

Revenge of the Clerks: MERS ConfrontsCounty Clerk and Qui Tam Lawsuits

Mortgage Electronic Registration Systems, Inc.(MERS) has faced unceasing controversy fromlitigators and scholars for its role in foreclosures,its effect on public records….

Foreclosure crew clears wrong Texas building

Workers tasked with emptying a Central Texashome set for foreclosure instead dragged away a16-foot boat, a backhoe, wedding dress and loveletters from a neighbor's barn. The company,Ohio-based Safeguard Properties….

Naked Capitali sm: Launching Our First (Free) Ebook on the OCC/Fed Foreclosu re Review Fiasco

We hope you will download this ebook, read it, and circulate it widely. It’s timely because the botched foreclosurereviews are coming back into focus. The GAO released its report on them yesterday, and even though it was narrowin focus, it confirmed, as Dave Dayen reported, that the IFR was poorly designed, inconsistently implemented, andsubjected to changing guidelines….

Homeowner/Foreclosure Q&A: A Look Back, Homeowners Vs. Banks 2013 

HOA subordination of lien in Declaration, in a first mortgage

foreclosure sold to third party, who is liable?>>>>

What is the time limit for lender to respond to a defendants

Motion to dismiss ?>>>>

Did foreclosure attorney actually do the Title Search?>>>>

Foreclosure Process in Maryland>>>>

Citing Federal Protection, Army Dentist Fights Foreclosure>>>>

Fighting Foreclosure In Washington State>>>>

Golden Valley woman sues to stop foreclosure>>>>

 Auburn woman to receive settlement in foreclosure mess>>>>

8/13/2019 YEAR IN REVIEW, WEEKEND EDITION - January - May 2013 - ForeclosureGate Gazette

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YEAR IN REVIEW

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FRIDAY, DECEMBER 20, 2013 

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS

The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related NewsAnd Information Intended To Educate And Advance Justice For American Homeowners

MAY 2013 

 At to rney Misconduct at Foreclosure Mi lls

The scale of attorney malfeasance in connection with the foreclosure crisis is enormous. Whether attorneysknowingly filed false documents or simply failed to question documents they had reason to suspect, a large numbersof attorneys were complicit in the filing of tainted documentation throughout the nation….

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

Wells, Citi Halt Most Foreclosure Sales asOCC Ratchets Up Scrutiny

The abrupt slowdown came in response to theOCC's April release of minimum standards forforeclosure sales, which are usually the final actin the foreclosure process. The Federal Reserve

issued identical guidance….

Consumer bureau fines mortgage insurers$15M over alleged kickbacks

For more than a decade, four of the nation’slargest mortgage insurers paid millions of dollarsin kickbacks to home lenders in exchange forbusiness, raising insurance prices for consumers,

the Consumer Financial Protection Bureau said…

Finally: Federal Judge Challenges Consitutionality of Colorado Foreclosure Law

The part of the law that the Judge findstroublesome and that the rest of us find is absurdis that in lieu of actually providing the court withevidence, lawyers can assert that their client hasthe right to foreclose….

Woman Gets 34 Years for Selling Homes SheDidn’t Own

Shela Amos, Indianapolis, Indiana, was sentencedto 34 years for defrauding victims by using thevacant home sale scheme whereby thedefendant sold homes she did not own.  Atfirst, the scam artists identify abandoned homes…

Regulators closer to supervising nonbankfinancial companies

The Federal Reserve approved a final rule thatbrings the government closer to placing largenonbank companies that were at the heart of thefinancial crisis under stricter supervision….

Occupy Our Homes Activists Arrested AtJustice Department Headquarters

Members of one of Occupy Wall Street’soffshoots, Occupy Our Homes, were arresteddemonstrating outside the headquarters of theDepartment of Justice in Washington….

Elizabeth Warren to Obama Administ ration: Take the Banks to Court, Already!

Warren sent a letter to the Justice Department, as well as to the Securities and Exchange Commission and theFederal Reserve, asking them for evidence on how a settlement that doesn't require a bank to admit guilt would bebetter policy than taking the bad apple to trial. If regulators at least show that they are willing to play tough, sheargued, it will help deter bad behavior….

Homeowner/Foreclosure Q&A: A Look Back, Homeowners Vs. Banks 2013 

HOA subordination of lien in Declaration, in a first mortgage

foreclosure sold to third party, who is liable?>>>>

What is the time limit for lender to respond to a defendants

Motion to dismiss ?>>>>

Did foreclosure attorney actually do the Title Search?>>>>

Foreclosure Process in Maryland>>>>

Citing Federal Protection, Army Dentist Fights Foreclosure>>>>

Fighting Foreclosure In Washington State>>>>

Golden Valley woman sues to stop foreclosure>>>>

 Auburn woman to receive settlement in foreclosure mess>>>>