WHY INVESTORS, HOMEOWNERS AND THE ECONOMY
BENEFIT FROM PRINCIPAL WRITE-DOWNS

Principal write-downs have been condemned as morally hazardous.

Failure to include such write-downs may well sink any chances of an economic recovery. To demonstrate the value of write-downs, this research documents the history of homes now on the market due to foreclosure, and the losses to investors from failure to negotiate a meaningful modification.

1. Please limit your research to homes owned by Trusts (look for
the words “trustee for” in the name of the plaintiff.)

2. Search official records (or, in Florida, for a much easier search,
use findthefraud.com) and search document type “Jud”
(Judgments).

3. Find the amount of the judgment.

4. Be sure to include the county, CFN or Book and Page Number for
easy verification.

5. The actual street address almost always follows the legal
description of the property.

6. Final step: enter the address of the property on Google. If the
property is on the market, a listing will almost always appear
from the street address.

7. Please send your research to: szymoniak@mac.com for
compilation.

8. Please include your name if you would like to be listed in the
authors section of this article.

Example:

106 Devonshire Circle
Royal Palm Beach, FL

Sold for $510,772 on April 15, 2005

Final Judgment of Foreclosure Entered for $537,415 on 12/29/2010

Palm Beach County CFN: 20110000161 in favor of
Deutsche Bank National Trust Co., Trustee for

IMH Asset-Backed Bonds, Series 2005-5

Now Empty and on the Market for $229,900

THANK YOU FOR PARTICIPATING

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

Something strange is going on here and it looks like a complete set up… Don’t ask me why it just seems like risky business.

Wanna Bet?

The M Report-

JPMorgan Chase & Co. has a buyer for $15 billion in mortgage servicing rights from the financial institution, with the announcement that Ocwen Financial Corp. would purchase the bank’s MSRs for a rumored $950 million. Ocwen’s acquisition follows the company’s decision to raise $375 million in new equity through offering 25 million shares of public common stock.

The equity transaction is set to close on November 16, prior to the finalization of the MSR deal with JPMorgan, and Ocwen’s public common stock will be priced at $13 per unit. The company has previously stated that it intended to use proceeds from the sale to purchase JPMorgan’s MSRs, and that acquisition will close on January 1, 2012.

[THE M REPORT]

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

IN THE CIRCUIT COURT, FOURTH
JUDICIAL CIRCUIT, IN AND FOR
DUVAL COUNTY, FLORIDA

JIM FULLER, CLERK OF THE CIRCUIT
COURT, DUVAL COUNTY, FLORIDA,
in his official capacity and on behalf of
all those similarly situated,

Plaintiff,

vs.

MORTGAGE ELECTRONIC REGISTRATION
SYSTEMS, INC., a Delaware corporation; and
MERSCORP, INC., a Delaware Corporation

Defendants.

Scribd

 

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

Boston Globe-

Attorney General Martha Coakley,calling the foreclosure crisis a key challenge to the state’s economic recovery, yesterday urged Massachusetts lawmakers to approve legislation meant to push more lenders into helping financially-stressed homeowners save their homes.

Coakley testified before the Joint Committee on Financial Services in favor of a bill that would require lenders to modify certain mortgage loans when such agreements make more economic sense than property seizures.

“The single biggest thing we can do to spur economic recovery is to address the foreclosure crisis,’’ Coakley said. “This bill proposes a reasonable means to achieve large-scale loan modifications for homeowners, allowing people to stay in their homes and avoiding the negative impact of increased abandoned properties in our communities.”

[BOSTON GLOBE]

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