Weekend Edition - May 13, To May 17, 2013 - ForeclosureGate Gazette

WEEKEND EDITION, MAY 13 MAY 17, 2013
MONDAY, MAY 13, 2013

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners
US Bank walks away from foreclosure on Aurora woman US Bank on Friday backed down from its efforts to foreclose on an Aurora woman whose federal court battle against it has taken on the constitutionality of Colorado's foreclosure laws. Just days after lawyers for the bank told a federal judge they've always had the original documents necessary to foreclose on Lisa Kay Brumfiel's tri-level house legally and U.S. District Judge William J. Martnez said to produce them the bank rescinded the whole thing
U.S. Uses Wartime Law to Push Cases Into Overtime The statute of limitations had run out on much of the alleged wrongdoing. But the government said the usual time constraints don't apply because a 1948 law called the Wartime Suspension of Limitations Act gives prosecutors unlimited time to go after alleged fraud during times of war. California Fund Manager Sentenced To 10 Years In Federal Prison Farahi preyed on vulnerable victims during the financial crisis who lost their homes, retirement savings, and funds for medical needs while Farahi used their money, and money from TARP banks, to live in a Beverly Hills mansion.
Homebuilder confidence remains dismal "The upswing for the new home market may be a very short one based on the housing market index which fell 2 points to a much lower-than-expected 42," said Econoday analysts. "This is the lowest reading since October and the outcome, for the second straight month, is below Econoday's low estimate."
NY Court Reinstates Foreclosure, Chides Judge For `Robosigning' Sanctions A New York appeals court reversed a Brooklyn judges 2011 decision throwing out a foreclosure and ordering $15,000 in sanctions against lender HSBC, saying the judge had abused his discretion by consulting the Internet.
Zoning restrictions also a key factor in foreclosure crisis, scholar says According to a study published in the journal Housing Policy Debate, communities that zoned too strictly for the development of large, singlefamily homes have a higher risk for foreclosure 4 Signs That The Housing Recovery Is Stalling
Washington AG Unveils New Web Resources for Active Military, Veterans Washington Attorney General Bob Ferguson unveiled a range of new web-based resources on Monday for the state's active military personnel and veterans.
But recently we've seen some signs that the recovery is slowing down. First, building permits have declined since January. And though housing starts have come in strong, up 7% in March, this was driven by a 31% rise in multifamily starts. Single family starts were down 4.8%. Bank of America's Michelle Meyer has previously pointed out that in this recovery multi-family rentals are creating a larger part of the housing stock.
Homeowner/Foreclosure Legal Q&A

Our foreclosure was dismissed with prejudice! >>>> Shouldn't I be getting notices of a foreclosure? >>>> The problem is, I had another parcel with a different address and different parcel number... >>>>
Federal Bank Regulators Permitted Banks To Harm American Citizens Via Independent Foreclosure Review(s) (IFR). Why?
Check Out The Independent #Foreclosure Review (IFR) Crime Scene News For The Week Of May 13, 2013 >>>> Foreclosure Review Hearings Show Its Time to Burn Down the OCC >>>> Naked Capitalism: Launching Our First (Free) Ebook on the OCC/Fed Foreclosure Review Fiasco >>>>
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TUESDAY, MAY 14, 2013

California Homeowner Bill of Rights blocks BofA foreclosure A California man successfully halted a foreclosure sale on his property using the newly minted California Homeowner Bill of Rights to obtain a court injunction against two foreclosing parties: Bank of America and its ReconTrust Co. subsidiary. For simply obtaining the HBOR injunction, the homeowners attorney is requesting $20,255 in legal fees and costs a compensation request that is permissible under HBOR .
Mystery shrouds Lake Worth foreclosure attorneys disappearance Lake Worth attorney Timothy McCabe packed a suitcase for a routine overnight trip to Tampa early on the Tuesday morning after Easter. It was nothing unusual..
Where The Foreclosure Crisis Is Still Booming But dig deeper into RealtyTracs first quarter report and youll also find that a handful of states are actually bucking that recovery trend, experiencing dramatic jumps in the number of homes facing foreclosure.
Former Loan Officer Arrested for Straw Buyer Scam The indictment alleges that Romaniolis recruited five straw buyers to purchase eight California residential properties in Rocklin, Roseville, and San Clemente. Romaniolis assisted the straw buyers in providing false information.
Florida Bar files complaint against foreclosure lawyer David Stern The document alleges that Stern failed to manage his employees, which led to missed trials and improperly executed documents and left thousands of clients without adequate representation.
Time to tell Google who owns the listing Wherever you find real estate listings online, you should also see which agent wrote or represents that listing. Why show something for sale without saying who to talk to if you want to buy it?
Foreclosure legislation invites bank fraud New legislation House Bill 87 and Senate Bill 1666 which backers say will clear the backlog of foreclosure cases in Florida actually will create more problems by putting speed ahead of justice..
The paying agent for checks being sent to borrowers under the Independent Foreclosure Review The paying agent for checks being sent to borrowers under the Independent Foreclosure Review has assured the Federal Reserve Board that early problems with some checks have been corrected and that funds are available to cash all checks. Some early recipients of checks informed the Federal Reserve's consumer helpline on Tuesday that they were told their checks could not be cashed.

Our foreclosure was dismissed with prejudice! >>>> Shouldn't I be getting notices of a foreclosure? >>>> The problem is, I had another parcel with a different address and different parcel number... >>>> Does a law firm that has filed a foreclosure have to Re-File and give another 30 day notice? >>>>
Big Banks And Their Ally's, Our Homes They Did Steal >>>> Check Out The Independent #Foreclosure Review (IFR) Crime Scene News For The Week Of May 13, 2013 >>>> Foreclosure Review Hearings Show Its Time to Burn Down the OCC >>>> Naked Capitalism: Launching Our First (Free) Ebook on the OCC/Fed Foreclosure Review Fiasco >>>>
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WEDNESDAY, MAY 15, 2013

The Truth: Was the Loan Sold or Not? Suppose you wanted to foreclose on property for which you never made a loan. Suppose you dont have a lien and never did. Suppose you wanted to do this on a grand scale. How could you get away with it? This is the essence of the issue confronting the courts, borrowers and their attorneys.
Experts Warn About An 'Outbreak Of Delayed Foreclosures Down The Road' While economists have been cranking up their home price forecasts this year, the rise in foreclosure starts is a trend to watch closely. "Although the overall national foreclosure trend continues to head lower, late
Foreclosure-relief funds California mostly unspent
earmarked
for
A federal foreclosure-prevention effort that earmarked nearly $2 billion in taxpayer money to help troubled California homeowners has delivered only about one-sixth of that money in three years.
Wall Street betting billions on single-family homes in distressed markets Big investors are pouring unprecedented amounts of money into real estate hard hit by the housing crash, bringing those moribund markets back to life but raising the prospect of another Wall Street-fueled bubble that wont be sustainable.
Fannie Mae economist: Housing recovery faces rough road ahead While speaking at the SourceMedia mortgage servicing conference in Dallas, Koss depicted a market where home prices are affordable on the backs of low interest rates, but qualifying for a mortgage or even having enough saved up for a down payment remains a challenge for.
Don't Kill the Mortgage DeductionCap It An alternative for policy-makers to consider, however, is to adjust, rather than eliminate, the mortgage deduction. Capping the tax break will allow it to do what it is intended to do: stimulate home buying.
New homes inventories
are
one
solution
to
tight
"The most important thing I can say to general agents about why they should sell new homes is the fact it the easiest, most stress-free sale in real estate," Rabits said.
The Government Agency That Should Fine Itself This just in from the "It Couldn't Possibly Get Any Worse" Department: The first wave of checks from the bungled foreclosure abuse settlement landed in mailboxes around the country this week, but when people tried to cash them, a number of them bounced.

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THURSDAY, MAY 16, 2013

Foreclosed Homeowners Sue 32 Hawaii Judges A Hawaii family and a developer filed a federal class action against every Circuit Court judge in Hawaii, accusing them of using "ancient judge-made procedures" to enforce foreclosure judgments. Jerry Agbannaoag, Ke Kailani Development et al. claim the judges' practice fostered the "flipping" of properties and unjustly enriched lenders.
The Seductive Simplicity of a New Banking Bill Theres one other important element to Basel III and the Dodd-Frank Act: they assume regulators are up to the task of monitoring big banks.
Republicans intensify pressure to limit powers of consumer agency Republicans have stepped up their pressure to limit the wide-ranging powers of the nation's watchdog over consumers' money matters.
Banks Breaking Into Homes On August 20, 2009, plaintiffs J. John Marshall (Marshall) and Kimberly Wiley (Wiley) (collectively plaintiffs) were working at Marshalls residence located at 1625 Brookwood Drive, Elkhart, IN (the property). The property was in foreclosure, but the foreclosure had not been completed.
Judge Carney Stays Foreclosure on Episcopal Church Home Six months ago, Governor Andrew Cuomo announced an agreement for the statethrough the New York State Department of Transportationto buy the property from the Episcopal Church Home for $4 million.
Orange County foreclosure indicted over kickbacks
specialist
Big banks lawsuits
request
intervention
in
FHFA
Federal prosecutors say a former Orange County foreclosure specialist for Fannie Mae has been named in a grand jury indictment saying he took kickbacks from a real estate broker in exchange for granting him properties to sell.
The lawsuits filed accuse the banks of violating securities laws by "misleading" the governmentsponsored enterprises about the quality of the home loans packaged into RMBS deals worth billions of dollars.
Down Payment Rules Are at Heart of Mortgage Debate Lenders and consumer advocates rarely on the same side of the issue are now cautioning against down payment requirements. They argue that such restrictions could limit lending, and prevent lower-income borrowers from buying homes.

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FRIDAY, MAY 17, 2013

While Wronged Homeowners Got $300 Apiece in Foreclosure Settlement, Consultants Who Helped Protect Banks Got $2 Billion The obscene greed-and-arrogance stories emanating from Wall Street are piling up so fast, it's getting hard to keep up. This one is from last week, but I missed it it's about the foreclosure/robo-signing settlement that was concluded earlier this year.
Bill would foreclosure
require
mediation
before
Fewer California homes heading for foreclosure The number of California homes entering the foreclosure process plunged to a more-than-sevenyear low this year thanks to rising home prices, an improving economy and new laws designed to protect homeowners.
Banks would be required to go through formal mediation with a homeowner before beginning a foreclosure under the terms of a bill pending in the N.C. Senate. Its a response to the.
Future of Mortgage Banking: Going Mobile In the fast-paced world we live in, with an abundance of cell phones and tablets everywhere we look, what difference does a cloud-based solution make for mortgage.
9 Investigates: Chaos in nationwide foreclosure relief program Now, hundreds of thousands of Florida home owners, like Luna, are entitled to bank payouts as compensation for fraudulent and sloppy foreclosure practices.
Floridas Foreclosure Flu Drags On The root of the problem is that Florida requires court review of the foreclosure process. The other so-called sand states that saw the biggest real estate booms before the crash do not.
Audit faults Freddie mortgage servicers
Mac's
oversight
of
The audit report sheds a harsh light not only on the servicers but on Freddie Mac and the Federal Housing Finance Agency itself, which it faulted.
Hearing Acknowledges FHFA's Progress, Points to Shortcomings As the GSEs approach their fifth year in government conservatorship, Congress held a hearing Thursday to evaluate the Federal Housing Finance Agencys role as regulator and conservator. Acting Director Edward DeMarco offered testimony detailing the agencys achievements, and Steve A. Linick, inspector general at the FHFA Office of the Inspector General, highlighted some areas in need of improvement at FHFA.

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Weekend Edition - May 13, To May 17, 2013 - ForeclosureGate Gazette

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Weekend Edition - May 13, To May 17, 2013 - ForeclosureGate Gazette

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WEEKEND EDITION, MAY 13 MAY 17, 2013

MONDAY, MAY 13, 2013

Homeowner/Foreclosure Legal Q&A

WEEKEND EDITION, MAY 13 MAY 17, 2013

TUESDAY, MAY 14, 2013

Homeowner/Foreclosure Legal Q&A

WEEKEND EDITION, MAY 13 MAY 17, 2013

WEDNESDAY, MAY 15, 2013

Foreclosure-relief funds California mostly unspent

New homes inventories

Homeowner/Foreclosure Legal Q&A

WEEKEND EDITION, MAY 13 MAY 17, 2013

THURSDAY, MAY 16, 2013

Orange County foreclosure indicted over kickbacks

Big banks lawsuits

Homeowner/Foreclosure Legal Q&A

WEEKEND EDITION, MAY 13 MAY 17, 2013

FRIDAY, MAY 17, 2013

Bill would foreclosure

Audit faults Freddie mortgage servicers

Homeowner/Foreclosure Legal Q&A

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