To assist in accurate compensation to consumers, and for targeting critical reasons that mortgage and foreclosure frauds flourish, it is imperative to look at the main tool: enablement from Judicial systems.
Congress must force courtroom judges to cease allowing courtrooms to be used by foreclosure mill lawyers, mortgage servicers, and lenders to commit fraud, and self-dealings that –RATHER than property returned to the lenders, enable lawyers or their straw buyer acquaintances to unlawfully acquire distressed property.
There are lawyers actually engaged in real estate racketeering through intentional fraudulent pleadings that they file in civil courts and bankruptcy courts on behalf of purported lender-clients –and some are filed via names of defunct mortgage companies.
For decades, it has been PROFITABLE, and FACILE to make use of judicial systems to accomplish multiple and various levels of foreclosure fraud, while also unlawfully rendering families homeless; and mortgage lenders and banks (that receive their mortgage-default insurance and IRS write-offs), never get the homes. Ultimately, after repeated flips, the homes become sold to Freddie Mac.
Lawyers who engage in willful foreclosure fraud also unconscionably access “deficiency judgments” against homeowners even though the reason for the deficiency is because their straw buyer friends place unlawful “credit bids.” And the lawyers record worthless property deeds after sham foreclosure auctions that impedes title insurance. The list goes on!
Also, aside from hoping, demanding that out-of-control judicial and political systems somehow right itself, American consumers need to DO our part. Pro-action accomplishes better results than (notwithstanding any justification) posting commiserating, blaming, or angry comments and statements on the Internet regarding our nation’s mortgage crisis. Ethical lawmakers, activists, news media –and particularly investigative reporters who put their safety on the line, are not solely responsible for exposing fraud and corruption.
Contained in the petition, “Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers” @ http://chn.ge/eU2zAm are details and illustrations about foreclosure frauds being carried out by some lawyers who file foreclosure proceedings in civil as well as bankruptcy courts. Individual consumers can help law enforcement to curtail and / or prosecute frauds associated with foreclosures by providing facts and information similar to descriptions in that petition. (It’s BETTER than copying / buying various publications via the Internet, and thinking one can take on court systems –in light of the few grounds for opposing foreclosures successfully.)
Anyone telling people to simply move out NEEDS a wake up call as to what’s really going on –including the cause of longterm blighted communities. Fraud foreclosed homes that ‘go back’ to lenders become put on the market and various channels and outcomes –always unlawful.
Hopefully people continue signing and sharing the petition, “Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers” @ http://chn.ge/eU2zAm, who file foreclosure proceedings in civil as well as bankruptcy courts. And hopefully consumers will heap upon offices of Attorneys General, information / evidence about foreclosure-judicial wrongdoing. *SEE: “Commentary on: “Emerging Battleground on Mortgage Abuses: Foreclosure Mills” @ http://t.co/riJXgou.
Via David Dayen, at least one federal regulator wants to do something about the foreclosure crisis. Federal Deposit Insurance Commission Chair Sheila Bear has proposed implementing rigid standards for mortgage services in the financial reform regulatory rulemaking. She's advocating the idea of a claims commission for homeowners.
Federal Deposit Insurance Corp. Chairman Sheila Bair wants a foreclosure claims commission set up, similar to the one established during the oil spill crisis in the Gulf of Mexico last year, to help homeowners victimized by improper foreclosures....
Lenders and servicers have restarted foreclosures from the robo-signing scandal and have begun refiling thousands of affidavits. Chase said it would mail out $2 million in refunds to those families.
But Bair wants to consider more in compensation and in new regulation.
"The mortgage servicing industry is fundamentally flawed and in desperate need of reform. It does not provide significant incentives to provide borrowers enough loss mitigation needs," Bair said.
She added that some servicers have become too big to succeed. Since 2000, the five largest servicers grew their market share from 32% to more than 60% today, Bair said, adding that these companies were either incapable of or reluctant to commit the resources necessary to implement effective loss mitigation practices.
As the 50 state attorneys general continue their investigation into the servicing industry, Iowa AG Tom Miller has said a fund to compensate borrowers victimized by robo-signers is on the table, but not necessarily pending.
It's good as far as it goes for those who've already been victimized by the mortgage servicing industry, but there's an immediate need to stop these unwarranted foreclosures and prevent their being further victims. Dday:
A nationwide compensation fund is fine, but in the end it’ll probably end up as just a payoff, the cost of doing business for the banks. You have to add to that real modifications with principal reductions, to reset the entire housing market and stabilize it. And you have to provide consequences for illegal behavior, which is in the background of virtually every foreclosure action over the past several years. Judge Arthur Schack is taking on foreclosure lawyers because they are lying in his court and breaking the law. The remedy for that is to throw those people in jail, and that needs to go all the way to the top. “I’m not going after lawyers, I’m out to do justice,” Judge Schack said. “We have something called due process of the law.” And there’s no justice without actual sanctions for criminal behavior. “We’re not Animal House,” concluded Judge Schack. “Some animals, like banks, are not more equal than others, to bring George Orwell into this.” It was Animal Farm, but have I mentioned that I love Judge Schack?
It's a start, and a good thing that someone in the administration is talking about doing something, anything on this issue. But it is just a start.
bench craft company reviews
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
bench craft company reviews
To assist in accurate compensation to consumers, and for targeting critical reasons that mortgage and foreclosure frauds flourish, it is imperative to look at the main tool: enablement from Judicial systems.
Congress must force courtroom judges to cease allowing courtrooms to be used by foreclosure mill lawyers, mortgage servicers, and lenders to commit fraud, and self-dealings that –RATHER than property returned to the lenders, enable lawyers or their straw buyer acquaintances to unlawfully acquire distressed property.
There are lawyers actually engaged in real estate racketeering through intentional fraudulent pleadings that they file in civil courts and bankruptcy courts on behalf of purported lender-clients –and some are filed via names of defunct mortgage companies.
For decades, it has been PROFITABLE, and FACILE to make use of judicial systems to accomplish multiple and various levels of foreclosure fraud, while also unlawfully rendering families homeless; and mortgage lenders and banks (that receive their mortgage-default insurance and IRS write-offs), never get the homes. Ultimately, after repeated flips, the homes become sold to Freddie Mac.
Lawyers who engage in willful foreclosure fraud also unconscionably access “deficiency judgments” against homeowners even though the reason for the deficiency is because their straw buyer friends place unlawful “credit bids.” And the lawyers record worthless property deeds after sham foreclosure auctions that impedes title insurance. The list goes on!
Also, aside from hoping, demanding that out-of-control judicial and political systems somehow right itself, American consumers need to DO our part. Pro-action accomplishes better results than (notwithstanding any justification) posting commiserating, blaming, or angry comments and statements on the Internet regarding our nation’s mortgage crisis. Ethical lawmakers, activists, news media –and particularly investigative reporters who put their safety on the line, are not solely responsible for exposing fraud and corruption.
Contained in the petition, “Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers” @ http://chn.ge/eU2zAm are details and illustrations about foreclosure frauds being carried out by some lawyers who file foreclosure proceedings in civil as well as bankruptcy courts. Individual consumers can help law enforcement to curtail and / or prosecute frauds associated with foreclosures by providing facts and information similar to descriptions in that petition. (It’s BETTER than copying / buying various publications via the Internet, and thinking one can take on court systems –in light of the few grounds for opposing foreclosures successfully.)
Anyone telling people to simply move out NEEDS a wake up call as to what’s really going on –including the cause of longterm blighted communities. Fraud foreclosed homes that ‘go back’ to lenders become put on the market and various channels and outcomes –always unlawful.
Hopefully people continue signing and sharing the petition, “Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers” @ http://chn.ge/eU2zAm, who file foreclosure proceedings in civil as well as bankruptcy courts. And hopefully consumers will heap upon offices of Attorneys General, information / evidence about foreclosure-judicial wrongdoing. *SEE: “Commentary on: “Emerging Battleground on Mortgage Abuses: Foreclosure Mills” @ http://t.co/riJXgou.
Via David Dayen, at least one federal regulator wants to do something about the foreclosure crisis. Federal Deposit Insurance Commission Chair Sheila Bear has proposed implementing rigid standards for mortgage services in the financial reform regulatory rulemaking. She's advocating the idea of a claims commission for homeowners.
Federal Deposit Insurance Corp. Chairman Sheila Bair wants a foreclosure claims commission set up, similar to the one established during the oil spill crisis in the Gulf of Mexico last year, to help homeowners victimized by improper foreclosures....
Lenders and servicers have restarted foreclosures from the robo-signing scandal and have begun refiling thousands of affidavits. Chase said it would mail out $2 million in refunds to those families.
But Bair wants to consider more in compensation and in new regulation.
"The mortgage servicing industry is fundamentally flawed and in desperate need of reform. It does not provide significant incentives to provide borrowers enough loss mitigation needs," Bair said.
She added that some servicers have become too big to succeed. Since 2000, the five largest servicers grew their market share from 32% to more than 60% today, Bair said, adding that these companies were either incapable of or reluctant to commit the resources necessary to implement effective loss mitigation practices.
As the 50 state attorneys general continue their investigation into the servicing industry, Iowa AG Tom Miller has said a fund to compensate borrowers victimized by robo-signers is on the table, but not necessarily pending.
It's good as far as it goes for those who've already been victimized by the mortgage servicing industry, but there's an immediate need to stop these unwarranted foreclosures and prevent their being further victims. Dday:
A nationwide compensation fund is fine, but in the end it’ll probably end up as just a payoff, the cost of doing business for the banks. You have to add to that real modifications with principal reductions, to reset the entire housing market and stabilize it. And you have to provide consequences for illegal behavior, which is in the background of virtually every foreclosure action over the past several years. Judge Arthur Schack is taking on foreclosure lawyers because they are lying in his court and breaking the law. The remedy for that is to throw those people in jail, and that needs to go all the way to the top. “I’m not going after lawyers, I’m out to do justice,” Judge Schack said. “We have something called due process of the law.” And there’s no justice without actual sanctions for criminal behavior. “We’re not Animal House,” concluded Judge Schack. “Some animals, like banks, are not more equal than others, to bring George Orwell into this.” It was Animal Farm, but have I mentioned that I love Judge Schack?
It's a start, and a good thing that someone in the administration is talking about doing something, anything on this issue. But it is just a start.
benchcraft company portland or
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
benchcraft company portland or
[reefeed]
benchcraft company scam
bench craft company reviews
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
benchcraft company scam
To assist in accurate compensation to consumers, and for targeting critical reasons that mortgage and foreclosure frauds flourish, it is imperative to look at the main tool: enablement from Judicial systems.
Congress must force courtroom judges to cease allowing courtrooms to be used by foreclosure mill lawyers, mortgage servicers, and lenders to commit fraud, and self-dealings that –RATHER than property returned to the lenders, enable lawyers or their straw buyer acquaintances to unlawfully acquire distressed property.
There are lawyers actually engaged in real estate racketeering through intentional fraudulent pleadings that they file in civil courts and bankruptcy courts on behalf of purported lender-clients –and some are filed via names of defunct mortgage companies.
For decades, it has been PROFITABLE, and FACILE to make use of judicial systems to accomplish multiple and various levels of foreclosure fraud, while also unlawfully rendering families homeless; and mortgage lenders and banks (that receive their mortgage-default insurance and IRS write-offs), never get the homes. Ultimately, after repeated flips, the homes become sold to Freddie Mac.
Lawyers who engage in willful foreclosure fraud also unconscionably access “deficiency judgments” against homeowners even though the reason for the deficiency is because their straw buyer friends place unlawful “credit bids.” And the lawyers record worthless property deeds after sham foreclosure auctions that impedes title insurance. The list goes on!
Also, aside from hoping, demanding that out-of-control judicial and political systems somehow right itself, American consumers need to DO our part. Pro-action accomplishes better results than (notwithstanding any justification) posting commiserating, blaming, or angry comments and statements on the Internet regarding our nation’s mortgage crisis. Ethical lawmakers, activists, news media –and particularly investigative reporters who put their safety on the line, are not solely responsible for exposing fraud and corruption.
Contained in the petition, “Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers” @ http://chn.ge/eU2zAm are details and illustrations about foreclosure frauds being carried out by some lawyers who file foreclosure proceedings in civil as well as bankruptcy courts. Individual consumers can help law enforcement to curtail and / or prosecute frauds associated with foreclosures by providing facts and information similar to descriptions in that petition. (It’s BETTER than copying / buying various publications via the Internet, and thinking one can take on court systems –in light of the few grounds for opposing foreclosures successfully.)
Anyone telling people to simply move out NEEDS a wake up call as to what’s really going on –including the cause of longterm blighted communities. Fraud foreclosed homes that ‘go back’ to lenders become put on the market and various channels and outcomes –always unlawful.
Hopefully people continue signing and sharing the petition, “Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers” @ http://chn.ge/eU2zAm, who file foreclosure proceedings in civil as well as bankruptcy courts. And hopefully consumers will heap upon offices of Attorneys General, information / evidence about foreclosure-judicial wrongdoing. *SEE: “Commentary on: “Emerging Battleground on Mortgage Abuses: Foreclosure Mills” @ http://t.co/riJXgou.
Via David Dayen, at least one federal regulator wants to do something about the foreclosure crisis. Federal Deposit Insurance Commission Chair Sheila Bear has proposed implementing rigid standards for mortgage services in the financial reform regulatory rulemaking. She's advocating the idea of a claims commission for homeowners.
Federal Deposit Insurance Corp. Chairman Sheila Bair wants a foreclosure claims commission set up, similar to the one established during the oil spill crisis in the Gulf of Mexico last year, to help homeowners victimized by improper foreclosures....
Lenders and servicers have restarted foreclosures from the robo-signing scandal and have begun refiling thousands of affidavits. Chase said it would mail out $2 million in refunds to those families.
But Bair wants to consider more in compensation and in new regulation.
"The mortgage servicing industry is fundamentally flawed and in desperate need of reform. It does not provide significant incentives to provide borrowers enough loss mitigation needs," Bair said.
She added that some servicers have become too big to succeed. Since 2000, the five largest servicers grew their market share from 32% to more than 60% today, Bair said, adding that these companies were either incapable of or reluctant to commit the resources necessary to implement effective loss mitigation practices.
As the 50 state attorneys general continue their investigation into the servicing industry, Iowa AG Tom Miller has said a fund to compensate borrowers victimized by robo-signers is on the table, but not necessarily pending.
It's good as far as it goes for those who've already been victimized by the mortgage servicing industry, but there's an immediate need to stop these unwarranted foreclosures and prevent their being further victims. Dday:
A nationwide compensation fund is fine, but in the end it’ll probably end up as just a payoff, the cost of doing business for the banks. You have to add to that real modifications with principal reductions, to reset the entire housing market and stabilize it. And you have to provide consequences for illegal behavior, which is in the background of virtually every foreclosure action over the past several years. Judge Arthur Schack is taking on foreclosure lawyers because they are lying in his court and breaking the law. The remedy for that is to throw those people in jail, and that needs to go all the way to the top. “I’m not going after lawyers, I’m out to do justice,” Judge Schack said. “We have something called due process of the law.” And there’s no justice without actual sanctions for criminal behavior. “We’re not Animal House,” concluded Judge Schack. “Some animals, like banks, are not more equal than others, to bring George Orwell into this.” It was Animal Farm, but have I mentioned that I love Judge Schack?
It's a start, and a good thing that someone in the administration is talking about doing something, anything on this issue. But it is just a start.
benchcraft company scam
benchcraft company scam
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
benchcraft company portland or
benchcraft company portland or
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
bench craft company reviews
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
benchcraft company portland or
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
how to lose weight fast benchcraft company scam
benchcraft company scam
benchcraft company portland or
benchcraft company portland or
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
benchcraft company scam
As more and more Americans face foreclosure and start to miss payments, many are facing the questions, "What happens if/when I stop paying my mortgage?" Here we answer this question in detail.
Stop Foreclosure Help: What Type of State Do You Live in - Deed of Trust or Mortgage State?
What happens when you stop paying your mortgage depends on which type of state you live in, ie, a deed of trust state or a mortgage state. Why? Because lenders collateralize home loans in one of two ways - as a trustees deed, or as a mortgage.
Trustees Deed Defined
A deed is the physical document that transfers the title of a property to another party. trustee's deed is a deed is the document (deed) executed by a person serving as a trustee - of your home in this case. Trustees can be attorneys, title companies or other entities. It doesn't really matter because they can't act unless/until a lender tells them to start the foreclosure process - and provides proof that you are in default.
How the Home Foreclosure Process Proceeds Under a Trustees Deed State
When you stop paying your mortgage, a lender can foreclose at any time. How they foreclose depends on whether you're in a mortgage state or a deed of trust state.
In a deed of trust state, there are two situations where the lender can start foreclosure proceedings:
(i) Notice of Default: When you miss one payment, you are legally in default on your home loan. But, most lenders won't do anything until you are e at least 90 days late. Then, the trustee - on direction from the lender - files an NOD; Notice of Default.
This is simply a notice that alerts you, the homeowner, that if you don't become current with your mortgage, they intend to start the next stop -- posting a notice of sale.
(ii) Notice of Sale: This is when the lender instructs the trustee to set sale date for your home. How long it will take for a sale date to be set and carried out varies by state. It can be as few as 30 days, or as long as 6 months or more.
In today's foreclosure-ridden market, not uncommon for this period to be four to six months or longer.
When a property goes to sale in a deed of trust state, there is no right of redemption, which is a major difference between a mortgage state and a deed of trust state, which brings us to how foreclosures happen in "mortgage states."
What is a Mortgage?
Basically, the foreclosure process is the same as in a deed of trust state, with two glaring exceptions: the aforementioned right of redemption and judicial/non judicial foreclosure.
Stop Foreclosure Advice: The Difference Between a Judicial and a Non-Judicial Foreclosure
When a borrower doesn't pay the mortgage, the lender has the right - and the power - to foreclosure on the property and sell it to recoup monies owed to them. In a mortgage state, they must go through the courts system to start this process. This makes it a judicial foreclosure.
In deed of trust states, the foreclosure process is a non-judicial one. This means, the lender doesn't have to go through the courts in order to properly foreclose. This makes it easier for lenders to foreclosure because the foreclosure process often quicker, easier and less expensive.
Stop Foreclosure Advice: What is the Right of Redemption
The second major difference between mortgage states and deed of trust states is what's known as a right of redemption period. The is regulation that allows homeowners who've been foreclosed upon a period of time to "redeem" their property --- even after it has been sold.
The right of redemption period varies by state. Only mortgage states have rights of redemption periods. Deed of trust states do not. Once a home is sold in a deed of trust state, the sale is final.
Stopping Foreclosure: A Timeline -- Why It Takes a While
The foreclosure process can take anywhere from 30 days to a year or more once you break it down, ie:
90 Days. Usually, you have this long to miss payments before a lender will take any foreclosure action.
30-120 Days:Notice of Default Mailed. This gives homeowners another 30-120 days to bring their mortgage current, or work out some other plan, eg, mortgage modification, forbearance agreement, etc.
30-180+ Days: Notice of Sale. Lender notifies homeowner that a sale date has been set.
If you add all this time up, it's anywhere from five months to a year or more before you have to vacate your property. If your financial situation is temporary, this can be enough time to get back on your feet and stop the foreclosure process.
big seminar 14
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
big seminar 14
Denver Broncos <b>News</b>: Horse Tracks - 2/6/11 - Mile High Report
Horse Tracks -- Your Daily Cup of Orange and Blue Coffee.
Pitchfork: LCD Soundsystem Announce Farewell NYC Show
Photo by Ruvan Wijesooriya; front page photo by Leigh Ann Hines LCD Soundsystem have announced that they will play their ...
<b>News</b> In Brief: Earth/Environment - Science <b>News</b>
Licorice may be a natural alternative to antibiotics on hog farms, plus more in this week's news.
big seminar 14
No comments:
Post a Comment