FORECLOSURE FRAUD | by DinSFLA - Part 2
Lori Jo Vincent, et al. v. The Money Store, Inc. et al | No. 03 cv 2876 (S.D.N.Y.) – Home mortgage lenders hire Moss Codilis to send 88,937 collection letters to defaulted borrowers: borrowers allege this violated the FDCPA and a judge certifies the class

Lori Jo Vincent, et al. v. The Money Store, Inc. et al | No. 03 cv 2876 (S.D.N.Y.) – Home mortgage lenders hire Moss Codilis to send 88,937 collection letters to defaulted borrowers: borrowers allege this violated the FDCPA and a judge certifies the class

17 February 2015

Lexology- In Lori Jo Vincent, et al. v. The Money Store, Inc. et al, No. 03 cv 2876 (S.D.N.Y. February 2, 2015), the United States District Court for the Southern District of New York certified a class of home mortgage borrowers who defaulted on their loans and received uniform “breach letters” from a law firm [...]

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Henderson v. Deutsche Bank etc.,| FL 4th DCA – Because Deutsche Bank failed to prove it had standing to foreclose at the inception of the case, we reverse the final judgment of foreclosure and remand for the trial…

Henderson v. Deutsche Bank etc.,| FL 4th DCA – Because Deutsche Bank failed to prove it had standing to foreclose at the inception of the case, we reverse the final judgment of foreclosure and remand for the trial…

16 February 2015

DISTRICT COURT OF APPEAL OF THE STATE OF FLORIDA FOURTH DISTRICT DUROY HENDERSON and MARILYN HENDERSON, Appellants, v. DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee under Pooling and Serving Agreement dated as of May 1, 2007 Securitized Asset Back Receivables LLC Trust 2007-BR4 Mortgage Pass-Through Certificates, Series 2007-BR4, PALM AUTO PLAZA, INC. d/b/a PALM BEACH [...]

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Tax-change renewal could hurt troubled homeowners in North Carolina

Tax-change renewal could hurt troubled homeowners in North Carolina

16 February 2015

Charlotte Observer- North Carolina lawmakers are poised to renew a rule requiring homeowners to pay state income taxes on mortgage debt forgiven by lenders – a move that could cost some homeowners thousands of dollars in additional taxes. For years, North Carolina allowed taxpayers not to count written-off mortgage debt as taxable income after Congress, [...]

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Rulings could breathe new life into dead foreclosure cases

Rulings could breathe new life into dead foreclosure cases

15 February 2015

Herald Tribune- It took seven years for Florida’s court systems to erase a backlog of nearly half a million home defaults left over from the Great Recession. But just as that logjam is clearing, a pair of recent appellate court rulings could bring thousands of seemingly dead foreclosure cases back to life, all at a [...]

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Obama’s Foreclosure Relief Program Was Designed to Help Bankers, Not Homeowners

Obama’s Foreclosure Relief Program Was Designed to Help Bankers, Not Homeowners

15 February 2015

Bill Moyers- After her stroke, Alice Emile of Freeport, New York, wanted to die at home. On April 24, 2009, she passed away quietly at the age of 74. Her son Darrell Emile, executor of the estate, had to close the reverse mortgage she took out in 2006, which had passed into the hands of [...]

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FLORIDA’S COURT SYSTEMS IN A STATE OF FLUX! FLORIDA’S REAL ESTATE DOESN’T FARE MUCH BETTER!

FLORIDA’S COURT SYSTEMS IN A STATE OF FLUX! FLORIDA’S REAL ESTATE DOESN’T FARE MUCH BETTER!

15 February 2015

Clouded Titles- The media is starting to pay attention to issues created by recent court rulings in Florida’s very complex foreclosure debate. However, until the Supreme Court of Florida steps in and decides what is just, which is certainly debatable in of itself, Florida may be the worse place to buy REO’s (real estate owned [...]

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[VIDEO] Osceola foreclosure reviews could lead to criminal charges

[VIDEO] Osceola foreclosure reviews could lead to criminal charges

13 February 2015

More than 150 cases have been filed in the Osceola County courts. http://www.wftv.com/ . © 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.

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Wells Fargo Bank, NA v Burke | (N.Y. App. Div. 2015) – Mr. Fargo your Robo-witness is inadmissable…..SUMMARY JUDGEMENT DENIED

Wells Fargo Bank, NA v Burke | (N.Y. App. Div. 2015) – Mr. Fargo your Robo-witness is inadmissable…..SUMMARY JUDGEMENT DENIED

12 February 2015

Decided on February 11, 2015 SUPREME COURT OF THE STATE OF NEW YORK Appellate Division, Second Judicial Department JOHN M. LEVENTHAL, J.P. L. PRISCILLA HALL LEONARD B. AUSTIN SANDRA L. SGROI, JJ. 2013-10952 (Index No. 11403/11) [*1]Wells Fargo Bank, NA, respondent, v Brian Burke, et al., appellants, et al., defendants. Richard J. Sullivan, Port Jefferson, [...]

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NM family suing California-based company that mistook family home for foreclosure, cleared it out

NM family suing California-based company that mistook family home for foreclosure, cleared it out

12 February 2015

KOB 4- The American foreclosure crisis gripped our nation, reminded all of us of the dangers of risky loans and left millions without their homes. At its peak, it was downright scary for homeowners worrying when the bank would repossess their homes. But we’ve discovered a darker side to the business of home foreclosures; it’s [...]

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What J.P. Morgan’s ‘Worst Nightmare’ Thinks About Whistleblowing

What J.P. Morgan’s ‘Worst Nightmare’ Thinks About Whistleblowing

12 February 2015

WSJ- She surely ranks as one of the world’s most successful whistleblowers, but Alayne Fleischmann, whose revelations about former employer J.P. Morgan cost the bank a $13 billion settlement with regulators, still doesn’t think justice has been done. A Canadian who worked as a securities lawyer at the bank between 2006 and 2008, Ms. Fleischmann [...]

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Adam Levitin: Sh*t In, Sh*t Out? the Problem of Mortgage Data Corruption & Empirical Analysis

Adam Levitin: Sh*t In, Sh*t Out? the Problem of Mortgage Data Corruption & Empirical Analysis

11 February 2015

Credit Slips- Empirical economic analysis is a powerful tool. It can elucidate correlations and sometimes even get us to causual explanations. But it has a serious weak-spot: its value is entirely dependent upon the integrity of the data analyzed. To put the problem succinctly: sh*t in, sh*t out. This brings us to analyses of the [...]

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Department of Housing and Urban Development | Housing Trust Fund re: increase and preserve the supply of rental housing for extremely low- and very low-income families…

Department of Housing and Urban Development | Housing Trust Fund re: increase and preserve the supply of rental housing for extremely low- and very low-income families…

11 February 2015

Wall Street is in the rental business now. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 24 CFR Parts 91 and 93 [Docket No. FR–5246–I–03] RIN 2506–AC30 Housing Trust Fund AGENCY: Office of the Assistant Secretary for Community Planning and Development, HUD. ACTION: Interim rule. SUMMARY: The Housing and Economic Recovery Act of 2008 (HERA) establishes a [...]

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Agencies Issue Guidance for Home Equity Lines of Credit Nearing Their End-of-Draw Periods

Agencies Issue Guidance for Home Equity Lines of Credit Nearing Their End-of-Draw Periods

10 February 2015

Just a reminder that many are coming to reset this year and on. According to National Mortgage News, 2015 marks a decade since the surge of boom-era home equity line of credit originations, and mortgage industry insiders forewarn that roughly $23 billion of these loans will have payment increases in the coming year alone as the [...]

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Matt Taibbi | Will HSBC Deal Come Back to Haunt Loretta Lynch?

Matt Taibbi | Will HSBC Deal Come Back to Haunt Loretta Lynch?

10 February 2015

Rolling Stone- Three years ago, then-U.S. Attorney of the Eastern District of New York Loretta Lynch crafted a soft-touch deferred-prosecution deal for Europe’s largest bank, HSBC, which had only been caught in the largest drug-money-laundering case in history. Today, as Lynch awaits approval for the Attorney General job, HSBC is in the news again. This [...]

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Southside, LLC v SunTrust Bank (In re Southside, LLC) | Bankr. N.D. Ga. – Attorney Fees: Following Local Law Can Mean the Difference Between Collecting or Not

Southside, LLC v SunTrust Bank (In re Southside, LLC) | Bankr. N.D. Ga. – Attorney Fees: Following Local Law Can Mean the Difference Between Collecting or Not

10 February 2015

Bankruptcy-RealEstate-Insights - A debtor objected to attorney fees included in the proof of claim filed by a mortgagee, and the mortgagee moved for relief from the automatic stay to exercise its rights under a security deed securing the debtor’s guaranty based in part on the debtor’s lack of equity in the property. The lender’s proof [...]

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Service Members to Receive Over $123 Million for Unlawful Foreclosures Under the Servicemembers Civil Relief Act

Service Members to Receive Over $123 Million for Unlawful Foreclosures Under the Servicemembers Civil Relief Act

09 February 2015

FOR IMMEDIATE RELEASE Monday, February 9, 2015 Service Members to Receive Over $123 Million for Unlawful Foreclosures Under the Servicemembers Civil Relief Act The Justice Department announced today that under its settlements with five of the nation’s largest mortgage servicers, 952 service members and their co-borrowers are eligible to receive over $123 million for non-judicial [...]

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Ocwen CEO Vows to Shrink Servicer as Complaints Rise

Ocwen CEO Vows to Shrink Servicer as Complaints Rise

09 February 2015

Bloomberg- Ocwen Financial Corp., which agreed with regulators in December to improve its mortgage servicing, sent Nathan Fitzgerald a notice saying his loan was in default. If he didn’t send a $2,266 check immediately, Ocwen said, it would foreclose on him. The warning in January shocked Fitzgerald, who said he never missed a payment on [...]

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HSBC bank ‘helped clients dodge millions in tax’

HSBC bank ‘helped clients dodge millions in tax’

09 February 2015

KPMG were auditors to HSBC 1991 – 2013. Ex KPMG partners chair HMRC and direct Financial Conduct Authority.  BBC- Banking giant HSBC helped wealthy clients across the world evade hundreds of millions of pounds worth of tax, the BBC has learned. Panorama has seen accounts from 106,000 clients in 203 countries, leaked by whistleblower Herve [...]

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NMR is the site and database dedicated to the homeowners – statistics and reports about how they are being helped and what’s out there for them

NMR is the site and database dedicated to the homeowners – statistics and reports about how they are being helped and what’s out there for them

08 February 2015

National Mortgage Registry “NMR” national.mortgage.registry@gmail.com   February 7, 2015.  Interview with one of NMR’s founders and director (as well one of the state directors for the Homeowners’ Superpac Committee). What is NATIONAL MORTGAGE REGISTRY? A type of ‘census’ – inventory if you will – for struggling homeowners all over America.  In this country today despite [...]

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Colon v. JP Morgan Chase | Fla. 5th DCA – Bank failed to satisfy the notice requirement of paragraph 22 of the mortgage

Colon v. JP Morgan Chase | Fla. 5th DCA – Bank failed to satisfy the notice requirement of paragraph 22 of the mortgage

06 February 2015

IN THE DISTRICT COURT OF APPEAL OF THE STATE OF FLORIDA FIFTH DISTRICT NOT FINAL UNTIL TIME EXPIRES TO FILE MOTION FOR REHEARING AND DISPOSITION THEREOF IF FILED CRISTOBAL COLON, Appellant, v.       Case No. 5D14-1191 JP MORGAN CHASE BANK, NA, ET AL., Appellees. _______ _________________________/ Opinion filed February 6, 2015 Appeal from the Circuit Court [...]

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GOVERNOR CUOMO ANNOUNCES WELLS FARGO TO PAY $4 MILLION re: Wells Fargo affiliate put borrowers’ homes on the line for routine credit card purchases

GOVERNOR CUOMO ANNOUNCES WELLS FARGO TO PAY $4 MILLION re: Wells Fargo affiliate put borrowers’ homes on the line for routine credit card purchases

05 February 2015

February 5, 2015 Contact: Matt Anderson, 212-709-1691 GOVERNOR CUOMO ANNOUNCES WELLS FARGO TO PAY $4 MILLION FOR VIOLATIONS ON CREDIT CARD ACCOUNTS AT FORMER AFFILIATE More than 1,300 New Yorkers Expected to Receive Restitution Payments Averaging Approximately $1,600 Governor Andrew M. Cuomo today announced that Wells Fargo Bank will pay a $2 million penalty and [...]

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Meet the troubled company that banks hire to break into people’s homes and take their stuff

Meet the troubled company that banks hire to break into people’s homes and take their stuff

05 February 2015

RAW STORY- An Ohio company is being sued by homeowners who claim that that its employees broke into homes that had not been foreclosed yet and removed, then destroyed, all the items in them, ABC 6 reports. The company, Safeguard, is hired by banks to inspect houses on the brink of foreclosure, then clean and [...]

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