Posts filed under “Foreclosures”

Full Deposition of Tammie Lou Kapusta, Law Office of David J Stern

Full Deposition of Tammie Lou Kapusta Law Office of David J Stern

Category: Foreclosures, Legal, Think Tank

Time for Criminal Charges To Be Filed . . .

The absurdity of illegal activity, criminal conduct, rampant fraud has reached a point where the nation much declare “No More.” We must begin the process of identifying criminal actors — and prosecuting them. The latest twist on the criminality/foreclosure fraud: The hiring of untrained, incompetent burger flippers to act as lawyers or paralegals in the…Read More

Category: Credit, Foreclosures, Legal

Explaining the Mechanics of the Foreclosure Mess

Yves Smith on Foreclosure Fraud:

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click for video
Picture 10

You can view the segment here.

Category: Foreclosures, Legal, Real Estate, Video

Wells Fargo Home Seizure Problems

FT.com:

“Legal documents obtained by the Financial Times suggest that Wells Fargo, the second-largest US mortgage servicer, also used a “robo signer”.

Unlike its rivals, Wells Fargo has not halted foreclosures. The San Francisco-based bank said on Tuesday it was reviewing some pending cases, but it has maintained that it has checks and balances designed to prevent serious procedural lapses.

In a sworn deposition on March 9 seen by the FT, Xee Moua, identified in court documents as a vice-president of loan documentation for Wells, said she signed as many as 500 foreclosure-related papers a day on behalf of the bank.”

Click for video

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Source:
Wells adds to crisis over home seizures
Suzanne KapnerFT.com, October 14 2010 00:01

http://www.ft.com/cms/s/0/ed4aa856-d70b-11df-9cd5-00144feabdc0.html

Category: Credit, Foreclosures, Legal, Video

Foreclosure Fraud Linkfest

We have been covering the systemic Foreclosure fraud that has gone viral through out the US banking system over the past few days, months and year. This is a perfect example as to why bailouts are so ill advised: The government becomes reluctant to prosecute firms when they have a vested interest in their financial…Read More

Category: Bailouts, Financial Press, Foreclosures, Legal

What’s the Foreclosure

Discussing possible solutions to the foreclosure fiasco, with Barry Ritholtz, Fusion IQ and CNBC’s Diana Olick.


Airtime: Mon. Oct. 11 2010 | 5:00 DT ET

Category: Foreclosures, Legal, Media, Real Estate, Video

Why Foreclosure Fraud Is So Dangerous to Property Rights

There seems to be a misunderstanding as to why the rampant and systemic foreclosure fraud is so dangerous to American system of property rights and contract law. Some of this is being done by people who are naked corporatists (i.e., the WSJ Editorial Board) excusing horrific conduct by the banks. Others are excusing endemic property…Read More

Category: Credit, Foreclosures, Legal, Real Estate, Really, really bad calls, Regulation, Taxes and Policy

Foreclosure/Banking Open Thread

Ok, y’all obviously have lots to say about this subject — so what say we open it up to all comers: What are the banks doing wrong with foreclosures? What are they doing correctly? What are the negative consequences for the economy if the legal/financial/RE sector cannot untangle this mess? What is the best and…Read More

Category: Foreclosures, Legal, Real Estate

Foreclosure fraud parody

hat tip Karl Denninger

Category: Foreclosures, Humor, Legal, Weekend

Foreclosure Error Flow Charts

Mike Konczal of RortyBomb puts together a spectacular series of flow charts that explain in the simplest of terms how the bank foreclosure process went off of the rails, in Foreclosure Fraud For Dummies. > How Courts Process Foreclosures > Errors Began in the Syndication Process > From A-Z, Fraud is Endemic in the Entire…Read More

Category: Credit, Foreclosures, Legal, Real Estate