Weekend Edition - October 28, To November 1, 2013 - ForeclosureGate Gazette

WEEKEND EDITION, OCTOBER 28 NOVEMBER 1, 2013
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MONDAY, OCTOBER 28, 2013

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners
Senator Warren Highlights Enforcement Record of SIGTARP, Questions Fed, SEC, OCC United States Senator Elizabeth Warren sent a letter to Chairman Ben Bernanke of the Board of Governors of the Federal Reserve System (Fed), Chair Mary Jo White of the U.S. Securities & Exchange Commission (SEC) and Comptroller Thomas Curry of the Office of the Comptroller of the Currency (OCC) to request information about the enforcement records of their agencies between 2009 and 2012..
Late Breaking Information At Foreclosure Crime Scene News >>>>

The Media Can't Stop Sucking Up to Alan Greenspan Journalists have asked such penetrating questions as, "You were knighted. Does that come with a title or anything?" The Big-Bank Subsidy Not surprisingly, representatives of the big banks are pushing back as hard as they can on the notion that they receive subsidies of any kind.
What if a typical family spent like the federal government? Itd be a very weird family The idea here seems to be that the U.S. government is taking on a lot of debt. True, the typical American family also takes on lots of debt through mortgages and the like.
Taxpayer Dollars Paid A Third Of Richest Corporate CEOs: Report More than one-third of the nation's highest-paid CEOs from the past two decades led companies that were subsidized by American taxpayers
California city backs plan to seize negative equity mortgages Richmond can now invoke eminent domain if trusts for more than 620 delinquent and performing "underwater" mortgages reject.
The Rich Get Richer Through the Recovery The top 10 percent of earners took more than half of the countrys total income in 2012, the highest level recorded since the government began collecting the relevant data a century ago.
Banks Wont Take the Money: Insist on Foreclosure Even When Payment in Full is Tendered They dont want the money, they dont even want the house what they desperately need is a foreclosure judgment because that caps the liability on that loan to repay insurers and CDS counterparties, the Federal Reserve and many other parties who paid in full over and over again for the bonds of the REMIC trust that claimed to have ownership of the loan.
Homeowner/Foreclosure Legal Q&A:

What is a chance to get the house back after a foreclosure sale?>>>> Do recorded documents have to be notarized?>>>> What are the issues with Contract for deed sale?>>>> Who has to prove what in a real property title dispute?>>>>
More Foreclosure News:

LinkZ: More August 2013 Foreclosure Related News, Worth A Peek>>>> Reality is Not on the Menu>>>> Sales of New U.S. Homes Fell More Than Forecast in July>>>> Exclusive: U.S. steps up probe of JPMorgan over Bear Stearns mortgages sources>>>>
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TUESDAY, OCTOBER 29, 2013

Bankruptcy Judge Sends a Message to Bank of America Bank of America Corp. has been ordered to pay $10,000 per month for every month it continues to badger a couple to pay off a loan that was discharged in bankruptcy, in a ruling from a prominent judge who says he means to send a message. This is not just a stupid mistake. This is a policy, wrote Judge Robert Drain of the U.S. Bankruptcy Court in New York.
Late Breaking Foreclosure Information At Foreclosure Crime Scene News >>>>

State AGs settle with LPS for $113 million; only nobody knew El Paso, Texas seems to be ground zero for the filing of some of the national mortgage lawsuits, but somehow these cases manage to stay off the mortgage fraud radar. Consumer group finds racial disparity in bank complaints People in minority communities are more likely to submit grievances to the governments consumer watchdog about their banks than those in predominantly white areas, a trend that raises questions about fair lending practices.
Bank of America Said to Cut 2,100 Jobs in Mortgage Slump Bank of America Corp., the second-largest U.S. lender, will eliminate about 2,100 jobs and shutter 16 mortgage offices as rising interest rates weaken loan demand.
After foreclosure, an ongoing mess Heath sent letters to state senators, state representatives and town officials, protesting how the property is not only an eyesore but also dangerous
Two Arrested In Foreclosure Rescue Scam According to court documents, beginning in January 2010, Alan Tikal operated a large - scale mortgage rescue scam by offering to eliminate
Report: Recovery Different Markets
Influencers
Betting
on
A full housing recovery requires rebounds in both prices and new construction,
Embracing Wynne Godley, an Economist Who Modeled the Crisis With the 2008 financial crisis and Great Recession still a raw and painful memory, many economists are asking themselves whether they need the kind of fundamental shift in thinking that occurred during and after the Depression of the 1930s.


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WEDNESDAY, OCTOBER 30, 2013

Condo owner's heirs caught off guard by foreclosure Question: Last year a reclusive relative, who owned and lived in a condominium, died. Still grieving over his death, the family tried to get organized in dealing with his belongings and the life he left behind. It was overwhelming, but his mortgage was paid off decades ago so our family assumed we didn't have to worry about the condominium.

Foreclosure Unexpected troubles like a lay off, illness or death in the family can make it hard to keep up with mortgage payments, and homeowners may find themselves facing foreclosure. Should Foreclosure Attorneys Like Stern Be Subject to Bar Complaints and Lawsuits? If the lawyer is party to fabrication of documents, forgery, and subordination of perjury (knowingly proffering a witness whose testimony is known to be false), then the.
Subsidized housing voucher renters cope with foreclosures When Johneece Cobb signed the lease on a two-story home two years ago, she had no idea that her landlord was keeping a secret from her.
Perpetrators Of Nationwide Foreclosure Rescue Scam Sentenced To Federal Prison Farhood was sentenced to 11 years in prison, followed by 3 years of supervised release. Sant was sentenced to 6 years in prison, followed.
Foreclosure Trail Strategy- CHALLENGE THE ENDORSEMENT ON A Mortgage Promissory Note Deutsche Bank filed a mortgage foreclosure action against Virgil and Lissette Bennett, alleging that it was the current owner of or has the right to enforce the Note and Mortgage.
Over a dozen Statesville homeowners face potential foreclosure More than a dozen homeowners in a Statesville neighborhood are facing the potential loss of their homes to foreclosure, but they never missed a mortgage payment.
TARP watchdog sinks teeth into fraud The scams are complex and the co-conspirators many, but five years after the bailout, the watchdog is getting better at unraveling and uncovering them, said Christy Romero, who heads the special inspector general for TARP. At the same time, many of the cases the IG has spent years putting together are coming to fruition.


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THURSDAY, OCTOBER 31, 2013

Even if You Win, Homeowners Must Quiet title and Clear the Negative Report on Their Credit The plain truth is that virtually everyone who has a mortgage lien filed against their property which is subject to claims of securitization, sales into the secondary market, assignments, or other transfers have a problem with title. The time to clear that up is now not when you are trying to sell or refinance or mortgage the home. The quiet title suit could take several months to resolve.

JPMorgan $13 Billion Accord Would Join Largest U.S. Pacts Past accords include: -- The $246 billion settlement by the biggest U.S. tobacco companies in 1998 to resolve state government claims for the costs of treating sick smokers. States Used Mortgage Settlement Money to Balance Budgets Instead of helping homeowners, states used at least $1 billion of the $2.5 billion they received in a legal settlement with major mortgage lenders to plug budget holes, pay for pet projects or promote economic development.
Foreclosures Comeback
Undermining
Detroits
Court Statistics on Foreclosure Vary WIDELY from industry statistics The number of people facing new foreclosures locally and statewide has plummeted recently by more 40 percent by one count, but unfortunately the change seems related to a new law rather than homeowners improved fortunes.
While the city of Detroit continues to handle its financial crisis through bankruptcy, there is another form of crisis that appears to be getting worse. Detroits home foreclosure crisis is undermining the citys comeback.
Why Former Investors Despair of Returning to Mortgages Investors are likely to say "fool me once" which may explain why the volume for newly issued private label residential mortgage securitizations is a fraction of what it was a few years ago.
Ill. sues property firm over foreclosure eviction Illinois Attorney General Lisa Madigan is suing an Ohio company, claiming it illegally evicts Illinois homeowners whose properties are in foreclosure.
AG looks for homeowners at fair Representatives from Gary Kings office said it will be hosting a booth for the duration of the State Fair with information on its Foreclosure Preservation Program. The program is a statewide effort to give homeowners resources that can help them keep their home....


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FRIDAY, NOVEMBER 1, 2013

Wealth inequality is only getting worse The richest 1% own nearly half of all global wealth. Let's get our heads around that. Only a tiny fraction of the roughly 7 billion people in the world accounts for 46% of the estimated $241 trillion in money, property and other material resources available.

JPMorgan Is Too Big to Whine A new injustice plagues the land, at least according to people who take the side of JPMorgan Chase & Co. and its chief executive officer, Jamie Dimon, after the bank's tentative agreement. Banks Midlevel Executive Becomes a New Face of the Housing Crisis More than five years after the housing bust, the roll call of banking executives who have been blamed by the public for the crisis has grown ever longer. But when it comes to top managers.
Americas Sinking Middle Class On Tuesday, however, the Census Bureau reminded me how for most Americans 1988 still looks a lot like yesterday: last year, the typical household made $51,017, roughly the same.
Follow the Money: Payday Laundry Edition I hope that bank regulators (and Congress) start asking why banks are willing to fund loans that they aren't willing to make directly themselves because of reputational concerns.
Why Wall Street Loves Houses Again For more than a generation now, like it or not, Wall Streets financial engineering has helped determine whether the average American can buy a home.
2008 financial crisis business schools
holds
lessons
for
Five years after Lehman Bros.' implosion, USC wants to make sure its newly minted accountants won't help blow up the world economy.
Virginia Developer Sentenced To 50 Months In Federal Prison For Role In Massive Fraud The bank officials extend ed to Etheridge what appeared on the banks books as new loans and construction funds, but in reality the funds were used by bank officials to pay off Etheridge s past - due balance; t he officials simply pretended that Etheridge had paid the loans current with his own funds


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Weekend Edition - October 28, To November 1, 2013 - ForeclosureGate Gazette

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WEEKEND EDITION, OCTOBER 28 NOVEMBER 1, 2013

MONDAY, OCTOBER 28, 2013

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

Homeowner/Foreclosure Legal Q&A:

More Foreclosure News:

WEEKEND EDITION, OCTOBER 28 NOVEMBER 1, 2013

TUESDAY, OCTOBER 29, 2013

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

Report: Recovery Different Markets

Homeowner/Foreclosure Legal Q&A:

More Foreclosure News:

WEEKEND EDITION, OCTOBER 28 NOVEMBER 1, 2013

WEDNESDAY, OCTOBER 30, 2013

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

Homeowner/Foreclosure Legal Q&A:

More Foreclosure News:

WEEKEND EDITION, OCTOBER 28 NOVEMBER 1, 2013

THURSDAY, OCTOBER 31, 2013

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

Homeowner/Foreclosure Legal Q&A:

More Foreclosure News:

WEEKEND EDITION, OCTOBER 28 NOVEMBER 1, 2013

FRIDAY, NOVEMBER 1, 2013

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

2008 financial crisis business schools

Homeowner/Foreclosure Legal Q&A:

More Foreclosure News:

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