MONDAY, JUNE 24, 2013









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

Bank of America whistle-blower’s bombshell: “We were told to lie” Bank of America’s mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure: Yes, these allegations were suspected by any homeowner who ever had to deal with the bank to try to get a loan modification –

Wells Fargo Leads Bank Foreclosure Halt After OCC Guidance Wells Fargo, the biggest U.S. home lender, halted some foreclosure sales until it can understand new federal guidelines on seizures sent to the nation’s large and mid-sized banks. The rules from the Office of the Comptroller of….

Search Technologies’ Content Aids in Reducing Mortgage Fraud


In an effort to combat mortgage fraud and promote open government, Macomb County, Mich. recently made close to two hundred years of digitized land records more searchable for residents, law enforcement, and businesses….

Bernanke: ‘Shadow banking,’ other financial sectors still pose risks The Fed is responsible for overseeing individual banks to ensure their safety and soundness, but in recent years it has ramped up its monitoring of an increasingly complex web of financial services….

Northern California Real Estate Indicted On Additional Charge


A federal grand jury in U.S. District Court for the Eastern District of California in Sacramento returned a superseding indictment charging Andrew B. Katakis, of Danville, Calif., with obstruction of justice related to a federal investigation into conspiracies to rig bids….

Zombie foreclosure statistics scary In a zombie foreclosure, the owner has gotten a foreclosure notice and subsequently packed up and moved, apparently thinking it's over — the banks will finish the job. But many banks, for various reasons, haven't followed through with the rest of the process….

First National securitizes property tax liens First National Holdings, a purchaser and servicer of delinquent property tax liens, developed a novel way to increase liquidity. The company pooled delinquent property tax liens, primarily in Cook County, into an asset-backed securitization….

Fannie and Freddie Ignore Homeowners in Detroit This is all part of state and federal government policy to sweep the mortgage tragedies under the rug. Despite the fact that we know that most of the foreclosures that have already been deemed completed were in fact illegal, we have had millions of “auction sales” in which strangers to the transaction were awarded title to the house without ever having made a single payment of any amount of money to originate or acquire the loan….

Homeowner/Foreclosure Legal Q&A
When a property is foreclosed upon, what is the process that leads to it being auctioned in Cobb County, Georgia? >>>> Can i do a reverse foreclosure? >>>> Landlord Losses Home In Foreclosure >>>> Can proving mrtg fraud and pred. lending at an adversary proceeding in chap7 bnkrptcy help get our home back after forclosure? >>>> What happens to the 2nd mortgage? >>>> Lis Pendens 12/2009, FWOP 12/2011 since then no action other than recent Assignment of Mortgage >>>> The bank never sent a certified letter, but my husband got served foreclosure papers >>>> After wrongful foreclosure can we pursue the mortgage company for damages? >>>>

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