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GLASKI case dramatically affects Short Sales, Loan Mods and the rights of CA Homeowners in foreclosure

On August 12, 2013 By Joe Roberts
Firm commentary:   The July 31, 2013 the CA appellate court ruling in GLASKI v. BANK of AMERICA allows SELLER’s and their agents to challenge non-judicial foreclosure where ROBO-SIGNING has been used to transfer a loan to a Mortgage-Backed Security Trust by an ASSIGNMENT of DEED of TRUST. This ruling provides SELLERS a new legal [...]
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Fannie Mae and CHASE caught deceiving the Court: Understanding wrongful foreclosure by a loan servicer rather than owner

On July 6, 2013 By Joe Roberts
FIRM COMMENTARY:  This office is prosecuting various civil and bankruptcy claims against Chase and Fannie Mae for wrongful foreclosure in California.  If you are being evicted or foreclosed by Fannie Mae and Chase was the loan servicer, it is likely the foreclosure is legally flawed.  In essence, Chase falsely claims it owns loans actually owned [...]
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HEDGE FUNDS ARE INFLATING PRICES; KILLING MODS & SHORT SALES

On June 23, 2013 By Joe Roberts
  Firm Commentary:  California Short Sale agents need be advised that the largest real estate investors in the country are manipulating home values through rapid price inflations that could form another bubble, Herald-Tribune analysis shows.  The over-payment strategy is has created a slew of potentially adverse impacts — INCREASINGLY KILLING SHORT-SALE APPROVALS, increasing a rise [...]
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Bank of America sued for paying bonuses to employees to blow off HAFA\HAMP

On June 17, 2013 By Joe Roberts
Firm Commentary: Pursuant to the terms of the Pooling and Servicing Agreements of Mortgage Backed Security Trusts, Loan Servicers make more money off investors in default servicing fees when they foreclose rather than allow short sale or mofification.  Bank of America routinely denied qualified borrowers a chance to modify their loans or complete short sales and [...]
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Need a SECOND TRY at a LOAN MODIFICATION?..The Court can STOP a FORECLOSURE under NEW LAW

On June 7, 2013 By Joe Roberts
Firm Commentary: I’m pleased to relate another WIN for Home Owners in Financial Distress.  This is the first case where a California court granted a Temporary Restraining Order (TRO) to prevent foreclosure where the loan servicer committed a “dual tracking violation” following a SECOND loan modification following a “material change in financial circumstances”. Under the [...]
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MERS loses BIG in Oregon…California Homeowners could benefit next

On June 6, 2013 By Joe Roberts
Firm Commentary:   An Oregon Federal Court addressed MORTGAGE ELECTRONIC REGISTRATION SYSTEMS,INC. (MERS) power to facilitate substitutions of trustee and non-judicial foreclosure under the Oregon statutes.  California has a similar statutory scheme and logic behind the decision, (MIRARABSHAHI v. RECONTRUST COMPANY, BANK OF AMERICA THE BANK OF NEW YORK MELLON and MERS) may soon have an [...]
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What’s the Hurry? Slow playing your Loan Modification profits Loan Servicers; screws you and investors alike

On June 5, 2013 By Joe Roberts
Firm Commentary: Why do loan servicers like CHASE, OCWEN, WELLS FARGO, CITIBANK, NATIONSTAR, AURORA, BANK OF AMERICA and GMAC\ALLY take so long to competently process loan modifications?  The make more money off of you and the loan’s real owner in “servicing fees” while your loan is in default status.   Here’s how it works:  Loan [...]
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BANKS offer GIFT and “THANK YOU” Letters to U.S. Taxpayers after posting RECORD PROFITS

On June 1, 2013 By Joe Roberts
FIRM COMMENTARY: U.S. banks earned $40.3 billion in the first quarter 2013 according to the Federal Deposit Insurance Corp. (FDIC), the highest ever for a single quarter and up 15.8 percent from the first quarter of 2012.  Those banks include Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. [...]
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HAMP EXTENDED thru 2015…but Loan Servicer’s OCWEN, NATIONSTAR to make tens of $millions off Sucker Taxpayers

On May 31, 2013 By Joe Roberts
Firm Commentary:  – The U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development extended the Obama Administration’s Making Home Affordable Program through December 31, 2015.  The new deadline now coincides with the Federal Housing Finance Agency (FHFA) extended deadlines for the Home Affordable Refinance Program (HARP) and the Streamlined Modification [...]
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Keep on CHEATIN’ ON! CA Appeals Court OK’s Loan Mod NEGLIGENCE Lawsuit against CHASE

On May 26, 2013 By Joe Roberts
Firm commentary: For CHASE BANK and other financial institutions, CLOWNING their way through loan modification processing is BIG BUSINESS.  Understaffing, Delay and incompetence=HUGE Default Servicing Fees and Low operating costs. For the last 4 years, this office has been engaged in a battle with CHASE relating to practices in its foreclosure, bankruptcy and loan modification [...]
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  • Recent Posts

    • OCWEN agrees to $2Billion Settlement with CONSUMER FINANCIAL PROTECTION BUREAU
    • WELLS FARGO, WORLD SAVINGS BANK “DUAL TRACKING” NOT ACTIONABLE UNDER HOMEOWNER BILL OF RIGHTS
    • Failure to Respond to THREE YEAR old LOAN MOD APP is a basis for ENJOINING FORECLOSURE SALE
    • Why you can THANK OJ Simpson for the $13Billion CHASE Settlement that won’t help Homeowners
    • Supreme Ct Judge jailed for SHORT SALE FRAUD
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