Showing posts with label Ally Financial. Show all posts

Monday, August 15, 2011

DON'T MISS STOP FORECLOSURE FRAUD.COM!

_____________________________________________________________________________________

Stop Foreclosure Fraud presents the following...

DEUTSCHE v. PELLETIER | Maine Supreme Judicial Court Affirms JGMT “Ameriquest, Rescission, TILA, RESPA” - 2011-08-12 10:32:30-04
MAINE SUPREME JUDICIAL COURT DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE, IN TRUST FOR THE REGISTERED HOLDERS OF AMERIQUEST MORTGAGE SECURITIES INC., ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2006-R2 v. DONALD P. PELLETIER et al. EXCERPT: [¶13] Although the Pelletiers have not yet tendered to the bank the proceeds of the loan that they received from Ameriquest, the statute specifies that tender is not required until the [...]

GMAC LLC vs. LAW OFFICES OF DAVID J. STERN Battle it out in Federal Court - 2011-08-12 10:48:12-04
Mortgage Fraud GMAC Mortgage, LLC Law Offices of David J. Stern Action Date: August 12, 2011 Location: FT. Lauderdale, FL GMAC Mortgage, LLC filed counterclaims in a federal court lawsuit brought against GMAC by its former lawyers, The Law Offices of David J. Stern, P.A. (“Stern”). The case, No. 11-CV-61526, was filed in federal court in the [...]

BOMBSHELL | GMAC’s Stunning Admissions, Accusations of David J. Stern, DJSP - 2011-08-12 13:46:20-04
Attorney’s are hired to fix “mistakes”, not make thousands! Imagine all the people who lost their homes to this. There is a right way and wrong way but this just goes to the core of the allegations made in the Class action again David J Stern, MERS and Shareholders including GMAC, in Florida. Continue down below [...]

A Taxing Thought - 2011-08-14 20:56:10-04
gave the (…eviction post foreclosure) process only to a `person entitled to the premises,’ which required him to prove that he was entitled to this possession, and which said that the defendant should have judgment if the plaintiff failed to prove his right to possession.” Id. at [...]

U.S. Senators Push for Gross-Backed Bill to Ease Refinancing - 2011-08-14 21:18:33-04
H/T to a subscriber This is about S 170 and HR 363. Refi at LV, not FMV, and appraisals are prohibited… Mortagee would presumably stay w/current servicer and lose existing rights, if any, re origination. New securities are rebundled for sale (PIMCO, Penny Mac, et al). If this happens, it will happen under the [...]

The Banksters Strike Back- The Florida Foreclosure Fraud Foregiveness Act of 2012 - 2011-08-14 21:20:26-04
Via: Matt Weidner This is the Bad, Bad Bankster Fraud Forgiveness Act of 2012! Have a read at some of the lowlights! Once suit has been filed, the public interest is served by moving foreclosure cases to final resolution expeditiously in order to get real property back into the stream of commerce… (NO FOLKS, ONCE A SUIT HAS [...]

Homeowner Win: Mortgage Servicers Must Obey GA Law - 2011-08-14 21:23:35-04
Abigail C. Field- Foreclosures are often done in the name of mortgage servicers rather than the person who actually owns the defaulted loan. Fannie Mae, for example, generally requires servicers to foreclose in the servicers’ name rather than Fannie Mae. (The link is to Fannie Mae’s current servicing guidelines; see Section 101 at p. 801-2.) Well, [...]

Bank of America Uses Attack Dog to Smear NY AG Schneiderman - 2011-08-14 21:40:26-04
By: David Dayen I could barely suppress a laugh when reading about Bank of America CEO Brian Moynihan begging Tim Geithner to settle the foreclosure fraud issue so they can get out from under their liability. As Yves Smith points out, if Tim Geithner had the power to get Bank of America out of their [...]

MORGAN v. OCWEN, MERS, MERSCORP | GA Dist. Court “Only Secured Creditors Can Foreclosure Non-Judicially in Georgia” - 2011-08-14 23:22:54-04
Via: NYE LAVALLE author of Report On Fraudulent & Forged Assignments Of Mortgages & Deeds In U.S. Foreclosures IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF GEORGIA ATLANTA DIVISION MICHAEL L. MORGAN, Plaintiff, v. OCWEN LOAN SERVICING, LLC, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., and MERSCORP, INC. Defendants. ORDER The action is presently before the Court on Defendants’ motion to dismiss (“motion”) [Doc. 15], filed on November [...]

NY Post finds in 92% of NY area foreclosures, banks fail to prove ownership to foreclose - 2011-08-14 23:46:25-04
NY POST- The banks still just don’t get it. In a staggering 92 percent of the claims brought by creditors asserting the right to foreclose against bankrupt families in New York City and the close-in suburbs, banks and mortgage servicers couldn’t prove they had the right to kick the families out on the street, [...]

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.

*posts are scheduled in advance and may not be in real time*

SSD, LLC, PO BOX 11394, Fort Lauderdale, FL 33339, USA

To unsubscribe or change subscriber options visit:
http://www.aweber.com/z/r/?jKyMTEyMbLQs7GysbMxsrLRGtIyMzCzsLMxM

Sunday, July 31, 2011

ROBO-SIGNERS LIST! GREAT NEW BLOG!

Robo Signers List

FORECLOSURE SELF-DEFENSE COMPLETE GUIDE TO ROBO-SIGNERS

Wow. Why have I not seen this before. My better half just found it as is published on Scribd on April 1, 2011. It is a long piece as it details a lot of information of individual Robo signers and Robo signing in general. For example:

What is a robo-signer?
Robo-signers are mortgage lending company employees who prepared and signed off on foreclosures without reviewing them, as the law requires. Jeffrey Stephan, the GMAC employee who was the first identified as a robo-signer, has acknowledged in sworn deposition that he prepared 400 such foreclosures a day.The discovery of robo-signers could simply bethe tip of the iceberg. If so, more revelations could only increase the pressure on large banks.Their potential exposure to losses could skyrocket….
What·s the significance?
The “robo-signing of affidavits and Assignments of Mortgage and all other mortgage foreclosure documents served to cover up the fact that loan servicers cannot demonstrate the facts required to conduct a lawful foreclosure. If it turns out that robo-signers did indeed sign off on loans without review, they committed fraud by claiming knowledge of a financial matter of which they had no personal knowledge. It could also mean that some people are wrongly being evicted from their houses….

This excerpt warrants attention so I am creating the “bold” emphasis.

Briefly, Robo Signers are illegal because fraud cannot be the basis of clear title, trustee’s deeds following Robo Signed sales are void as a matter of law, notarization is a recording requirement for many of the documents, which we also know was often botched, and most importantly because robo signed falsifications ARE meant for use in court, including unlawful detainers and bankruptcy matters….
Clear Title May Not Derive From A Fraud(including a bona fide purchaser for value). In the case of a fraudulent transaction the law is well settled.

This is a MUST HAVE document.

If you are an attorney and have not seen this it is a must have reference source. It has links and information that can be vital to your defenses.

If you are an individual facing or in foreclosure, this document is a“must save” reference guide as it will give you information to help you find the fraud in your loan, assignments and foreclosure filings as well as other valuable information links, depositions etc., such as:

CONGRESSIONAL WRITTEN REPORT REGARDING
SECURITIZATION AND FRAUDCLOSURE OF NOVEMBER 18, 2010
click on title for link

It also provides a very long list of named Robo Signers giving who they worked for, who they signed for and what titles they used.

Here is just one example of what you will find:

Allen, Greg -
Greg ALLEN is an employee of Lender Processing Services
in Mendota Heights,Dakota County, MN. He signs Mortgage Assignments as an officer of MERS, servicing companies, and lenders. Allen often signs these Assignments to trusts years after the closing date of the trusts. Allen frequently signs Assignments for mortgage companies that filed forbankruptcy years before the effective date of the Assignment. Deutsche Bank National Trust Company is one of the banks that frequently uses Assignments signed by Greg Allen to foreclose. Greg Allen has signed Mortgage Assignments using the following titles:
Vice President, Mortgage Electronic Registration Systems, as nominee for American Home Mortgage Acceptance, Inc.;
Vice President, Mortgage Electronic Registration Systems, as nominee for Bayrock Mortgage Corp.;
Vice President, Mortgage Electronic Registration Systems, as nominee for CTXMortgage Co., LLC;
Vice President, Mortgage Electronic Registration Systems, as nominee for EMC Mortgage Corp.;
Vice President, Mortgage Electronic Registration Systems, as nominee for EQ Financial,Inc.;
Vice President, Mortgage Electronic Registration Systems, as nominee for FirstGuaranty Mortgage Corp.;
Vice President, Mortgage Electronic Registration Systems, as nominee for FranklinFinancial;
Vice President, Mortgage Electronic Registration Systems, as nominee for MaitlandMortgage Lending Company;
Vice President, Mortgage Electronic Registration Systems, as nominee for MortgageNetwork, Inc.;
Vice President, Mortgage Electronic Registration Systems, as nominee for PMC Lending; and
Vice President, Mortgage Electronic Registration Systems, as nominee for ValleyBank.

SEE full deposition -stopforeclosurefraud.com/2010/12/18/full-deposition-transcript-of-lps-greg-allenmers-is-live/
www.whatsignature.com/files/Allen_Greg.1.pdf, www.whatsignature.com/files/Allen_Greg2.1.pdf,www.whatsignature.com/files/Allen_Greg2.2.pdf,www.whatsignature.com/files/Allen_Greg.3.pdf,www.whatsignature.com/files/Allen_Greg.4.pdf,www.whatsignature.com/files/Allen_Greg.5.pdf,www.whatsignature.com/files/Allotey_Liquenda.5.pdfwhatsignature.com/files/Cody_John.pdf

They list these Robo Signers alphabetically so it is easy for you to begin to verify some of the signatures in your documents.

THIS IS ONE POST YOU MUST PASS ON TO EVERYONE YOU KNOW. It is without a doubt the most valuable post I have ever posted here on TheForeclosureDetonator.

Here now the link to the valuable reference guide courtesy of Scribd…click here

View this document on Scribd

The Banks Promised to Clean Up Their Act — So Why Are They Still Using Robo-Signers to Engage in Foreclosure Fraud? (alternet.org)
Special report: Banks continue robo-signing(huffingtonpost.com)
‘Robo-signing’ foreclosures haven’t gone away(msnbc.msn.com)
“Robo-signing” of mortgages still a problem (cbsnews.com)
AP Exclusive: Mortgage ‘robo-signing’ goes on(seattlepi.com)
Special report: Banks continue robo-signing – Reuters(news.google.com)
Wells Fargo Illegally Pushed Thousands Of Borrowers Into Subprime Mortgages, Falsified Loan Documents, Federal Reserve Says (huffingtonpost.com)
Banks Continuing Dubious 'Robo-Signing' Foreclosure Practices: Investigation (huffingtonpost.com)
'Robo-signing' foreclosures haven't gone away (msnbc.msn.com)
Mass. AG puts conditions on bank settlement (seattlepi.com)
Robo Signers List (theforeclosuredetonator.wordpress.com)
"Robo-signing" of mortgages still a problem (cbsnews.com)
One West False statements (timothymccandless.wordpress.com)
Mass. AG puts conditions on bank settlement (seattletimes.nwsource.com)

Friday, July 22, 2011

WHY DO BANK HIDE FORECLOSURE RECORDS?

RPT-States negotiating immunity for banks over foreclosures

(Repeats to additional subscribers; click on link.reuters.com/kyb72s for a special report on this issue)

* Negotiations continue despite evidence of continuing irregularities

* Reuters report helps prompt senators to demand information

By Scot J. Paltrow

NEW YORK, July 20 (Reuters) - State attorneys general are negotiating to give major banks wide immunity over irregularities in handling foreclosures, even as evidence has emerged that banks are continuing to file questionable documents.

A coalition of all 50 states' attorneys general has been negotiating settlements with five of the biggest U.S. banks that would include payment of up to $25 billion in penalties and commitments to follow new rules. In exchange, the banks would get immunity from civil lawsuits by the states, as well as similar guarantees by the Justice Department and Department of Housing and Urban Development, which have participated in the talks.

State and federal officials declined to say if any form of immunity from criminal prosecution also is under discussion. The banks involved in the talks are Bank of America, Wells Fargo, CitiGroup, JPMorgan Chase and Ally Financial.

REUTERS REPORT PROMPTS LETTER

Reuters reported Monday that major banks and other loan servicers have continued to file questionable documents in foreclosure cases. These include false mortgage assignments, and promissory notes with suspect or missing "endorsements," which prove ownership.

The Reuters report also showed continued "robo-signing," in which lenders' employees or outside contractors churn out reams of documents without fully understanding their content. The report turned up several cases involving individuals who were publicly identified as robo-signers months ago.

Reuters found that such activity has continued even after 14 major mortgage lenders signed settlements with federal bank regulators promising to halt such practices and give remediation to some homeowners who were harmed.

In response to these disclosures, Sen. Robert Menendez (D-NJ), chairman of the Senate Subcommittee on Housing, Transportation and Community Development, and nine other senators sent a letter to federal bank regulators, asking them to disclose information gathered about banks' foreclosure practices.

"This is especially important given this week's allegations that mortgage servicers continue to engage in widespread 'robo-signing' despite your assurances that the illegal actions would not continue," said the letter, which also cited a report by the Associated Press.

Several senators on the Senate Banking Committee, including Richard Shelby, the ranking Republican, have faulted bank regulators for not conducting a thorough investigation of the banks' handling of foreclosures. Six months ago, the Office of the Comptroller of the Currency and other federal regulators conducted brief "examinations" of banks, during which they looked at a sample of only 2,800 loan files.

New York State Attorney General Eric Schneiderman has publicly objected to any wide-ranging grant of immunity by the other states. Schneiderman has launched his own investigations of the banks, including probes of suspected misdeeds in "securitizing" mortgages. Securitization involves packaging large numbers of mortgages into pools and selling securities that give investors income from the mortgages.

"Attorney General Schneiderman remains concerned by any settlement agreement that would preclude state attorneys general from conducting comprehensive investigations of the mortgage crisis," a spokesman said.

Three states' attorneys general -- in Iowa, Illinois and Connecticut -- have been designated to handle the states' negotiations with the banks over protection from civil suits and other issues. Spokesmen for all three declined to comment on the progress of negotiations, or on the evidence of continuing wrongdoing by the banks. But people close to the talks said there is still widespread disagreement over the extent of immunity and the dollar amount of penalties.

The banks involved have declined to comment on the talks.

(Editing by Michael Williams)