Monthly Archives: May 2013

How Class Works: Understanding The Foreclosure Crisis

By: 4closureFraud HOW CLASS WORKS Richard Wolff is an economist who has studied class issues for more than 40 years. In this animation and audio presentation, Wolff explains what class is all about and applies that understanding to the foreclosure crisis of 2007–2011. He … Continue reading

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Wells Fargo Bank, N.A. v Erobobo: Non-Compliance With Pooling And Servicing Agreement (PSA) Voids Assignment of Mortgage…

By: Matthew D. Weidner Down here in Florida Foreclosure Courts, we are treated to a constant, steady, nearly impenetrable wall of, “Fraud in Foreclosure Doesn’t Matter at All!” and “Banks Can Ignore All Laws, All Rules, All Foreclosure Processes And … Continue reading

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IRS Data Web Snares Mostly Low- and Middle-Income Taxpayers

By: Richard Satran The Internal Revenue Service relies on technology more than ever to sniff out tax cheats using robo-audits and data mining–but so far it has caught lot of minnows, and big fish are still eluding detection. Even as millions … Continue reading

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OCC Misses Another Conflict of Interest: Independent Foreclosure Review Outreach/Payment Processor Rust Consulting Owned By Residential Real Estate Player Apollo, Being Sold to VC Arm of Citigroup

It appears that the Office of the Comptroller of the Currency and the Fed dropped the ball yet again on vetting firms involved in the Orwellianly-named Independent Foreclosure Review (IFR) for conflicts of interest. Michael Olenick’s expose on Allonhill, one of … Continue reading

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Mortgage Errors in Bankruptcy: How Not to Correct a “Boo-Boo” – The Bank’s Claim is to be Treated as Unsecured

By: Vicki R. Harding “Whether one is baking a cake, building a house, or recording a mortgage, sometimes even the slightest deviation from the directions can lead to catastrophe.  Cakes don’t rise, buildings fall down, and … mortgages aren’t perfected.”  … Continue reading

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MBIA Can Continue its Fraud Case Against Bank of America

By: Karen Freifeld NEW YORK, (Reuters) – Bond insurer MBIA Inc may pursue its case against Bank of America Corp over toxic mortgage-backed securities packaged by Countrywide Financial Corp. In decisions made public Monday, New York State Supreme Court Justice Eileen … Continue reading

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DEFICIENCY JUDGMENTS – Is your Court a Collection Agency for Crooks?

Deficiency judgments are another dark corner, if not the darkest corner in foreclosure. The Dubin Law Offices filed a Class Action Complaint in Hawaii United States District Court today [4/29/13] because of the injustice of deficiency judgments. It’s not bad enough to lose your … Continue reading

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