“The whole foreclosure crisis is predicated on fraudulent practices,” Fluker told Wayne County Commissioners. “Why is this county and our sheriff allowing evictions to proceed based on fraud?”

Michigan Citizen-

DETROIT — Wayne County Commissioners heard stirring testimony June 13 from dozens of area residents fighting to remain in their homes.

Their pleas were bolstered by attorneys and experts familiar with the depth of devastation wrought by the ongoing foreclosure crisis. The broad coalition turned out for the public meeting held at the Coleman A. Young Municipal Center and in support of the Homeowner Protection and Neighborhood Preservation Act.

The act, proposed by Commissioner Martha Scott in April, seeks an immediate moratorium on all foreclosures in Wayne County for one year.

Continue reading [THE MICHIGAN CITIZEN]

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com

CTPOST-

State lawmakers hope changes to a successful foreclosure mediation program will grant homeowners struggling to hold on to their property more time and greater piece of mind.

Under the new proposal, which needs to by signed by the governor, lenders cannot proceed with any legal action for eight months.

“A lot of people were able to work things out within three months,” said state Sen. Bob Duff, D-Norwalk, who helped enact the original mediation effort in 2008.

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com

Rumor has it, Mr. Home has trademarked both Fannie Mae and Freddie Mac names in AZ ??

AZCENTRAL-

A Tucson mayoral candidate from a fringe political party has seized dozens of foreclosed homes in metro Phoenix, changing the locks, kicking out real-estate agents and posting “Do Not Trespass” signs.

Marshall Home, who claims many foreclosures are illegal, has filed documents in the past two weeks with the Maricopa County Recorder’s Office showing he has supposedly taken ownership of at least 21 homes belonging to government-owned mortgage giant Fannie Mae. But none of the documents shows any money has changed hands, and Fannie Mae says it has not sold the houses.

[...]

“Lenders are gangsters, and they can’t prove they own these homes. So they have no right to foreclose,” said the 80-year-old self-professed billionaire from his real-estate and political office in Tucson on Tuesday. “I plan to continue to take homes from Fannie Mae and Freddie Mac. I would buy them, but those groups can’t produce the notes showing they are the rightful owners to sell or foreclose on them.”

Continue reading [AZCENTRAL]

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com

BLOOMBERG-

Former Washington Mutual Inc. (WAMUQ) Chief Executive Officer Kerry Killinger and Chief Operating Officer Stephen Rotella are in lawsuit settlement talks with the Federal Deposit Insurance Corp., according to a court filing.

Lawyers for Killinger, Rotella and David Schneider, Washington Mutual’s former home-loans president, exchanged term sheets with FDIC attorneys and are “diligently working to resolve their remaining disputes,” according to papers filed yesterday in federal court in Seattle.

“In some instances, the settlement terms must have consent of certain third parties,” lawyers for both sides said.

Continue reading [BLOOMBERG]

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com