WEEKEND EDITION, JULY 1 JULY 5, 2013

MONDAY, JULY 1, 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

DocX [aka LPS] Executive Now Sentenced in Florida for Robo-Signing Brown was an executive at LPS and the chief executive of DocX LLC, which was a wholly-owned subsidiary of LPS, until it was closed down in early 2010. DocXs main clients were residential mortgage servicers, which typically undertake certain actions for the owners of mortgage-backed promissory notes. According to Browns plea agreement, employees of DocX, at the direction of Brown and others, began forging and falsifying signatures of authorized personnel on the mortgage-related documents that they had been hired to prepare and file with property recorders offices.

Wells Fargo halts home foreclosure of man who paid mortgage early Etienne Syldor, the hardworking father and Walt Disney World bus driver who found himself in foreclosure received good news His attorney said after Channel 9's story aired, she heard from Wells Fargo and said the bank had not only halted foreclosure, but restored his mortgage

Four Reasons Housing Recovery Isnt Yet Boosting Economy The housing market may finally be leaning on the economys gas pedalbut its also keeping a foot on the brake. Those expecting a quick return to the virtuous cycle by which rising prices, home sales, and housing construction feeds further consumer spending will have to wait until.

Mortgage Relief Tornado Victims

Offered

to

Oklahoma

VP Gets 5 Years for Contributing to Bank Collapse In an attempt to prevent the FDIC from discovering certain past-due loans on Appalachians books, between June 2008 and August 2009, Teague and unindicted coconspirator T.N, arranged a number of sham real estate transactions.

The moratorium applies to borrowers with mortgages insured by the F.H.A. who live in Cleveland, Lincoln, McClain, Oklahoma and Pottawatomie counties. The action applies to new foreclosures, as well as those already in progress.

Debt Collection: The Ugly Side of Foreclosure As the banks, credit card companies, and the debt collectors obtain judgments against Floridians, debt collection becomes an increasingly important and potentially costly battle. Unfortunately, not all of these. How The Nevada Robosigning Case Was Unraveled

Will Housing Save the U.S. Economy? A growing consensus pins the severe U.S. recession and slow recovery on the tremendous negative wealth shock to households, which resulted from the combination of very high leverage and a sharp decline in house prices.

Attorneys at Irell & Manella LLP secured the dismissal of a 306 - count indictment against their client for an alleged role in a robosigning scheme at Lender Processing Service Inc., uncovering prosecutorial conflicts of interest and overcoming tragic case developments, including the suicid e of a key witness. Nevada state prosecutors indicted LPS title officer Gary Trafford in November 2011 for allegedly instructing employees to fraudulently sign.

Homeowner/Foreclosure Legal Q&A

Is a HELOC loan used for purchase non-recourse? >>>> Property taxes paid while in foreclosure.. >>>> Our Arkansas home was foreclosed on but the appraisal was not done till a few weeks after the Foreclosure sale >>>> During investigation I discovered I own my home since 2006 but.. >>>>

Homeowner Resources
How, When, Where and Why to Hire an Attorney >>>> CA Independent Monitor to Protect Interests of Homeowners>>>> Know Before You Owe, Mortgages >>>> When Foreclosure Threatens, Help For Free >>>>

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WEEKEND EDITION, JULY 1 JULY 5, 2013

TUESDAY, JULY 2, 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

Wells Fargo Sold This Womans House In Foreclosure Even Though She Paid Up In 2012, her house went into foreclosure. But she went to the final judgment and told the judge that she intended to reinstate the mortgage by paying everything she owed, who gave her 60 days to do so. She sent the full instatement funds that the bank quoted $141,441.81 and the bank then reinstated her loan and told her it had vacated the final motion to foreclose. At that point she should have once again been the rightful owner of her house with no danger of a foreclosure sale. Yet in reality the bank failed to stop the sale. Crimson Ibis, LLC, a real estate investment firm, bought the title to her house. Meanwhile, Seipp claims she got no notice about the sale.

Another Conflicted Foreclosure Review: PricewaterhouseCoopers and Ally/ResCap Is the fact PwC is working to estimate harm to borrowers caused by ResCap errors in 2009 and 2010, overlapping with PwCs 2009 all-clear to ResCap on financial reporting and internal controls for mortgage business, an actual conflict of interest or, at least, a perceived conflict of.

Oregon House approves foreclosure mediation expansion Under Senate Bill 558A, the program would apply to foreclosures pursued by lenders in courts, which has become the standard procedure for most lenders. When the Legislature created the mediation program a year ago, most foreclosures occurred outside the court system.

Housing is going to lead the recovery. Not so fast, some experts say Robert Shiller, Karl Case and David Blitzer -leading experts in the housing market -- believe several headwinds will keep a lid on housing gains, such as a low level of new home starts, an unexpectedly slow migration of so-called.

Obama administration says needs $943 million

housing agency

The cash-strapped Federal Housing Administration will likely require a $943 million taxpayer bailout to cover expected losses on loans it insured as the U.S. housing bubble was deflating, the Obama administration said.

Hispanic homebuyers a driving force in housing First-time buyers make the housing wheel go 'round: As they segue from renting to owning, they set off the sequence of move-up purchases that, in theory, will help the overall market get well.

Lawmakers shifting some mortgage-settlement dollars into foreclosure assistance Legislative budget-writers are shifting more of Florida's national mortgage settlement dollars into programs targeting the homeless, low-income college students, and foreclosure-clogged courts.

Alabama Slamma Not for Better, Far Worse As Foreclosures we Chart We seem to be having a national recovery in much of the media, but in the states themselves the numbers are refusing to cooperate. I guess if you can have a jobless recovery, then you can probably have a national recovery without states being involved.

Homeowner/Foreclosure Legal Q&A

Is a HELOC loan used for purchase non-recourse? >>>> Property taxes paid while in foreclosure.. >>>> Our Arkansas home was foreclosed on but the appraisal was not done till a few weeks after the Foreclosure sale >>>> During investigation I discovered I own my home since 2006 but.. >>>>

Homeowner Resources
How, When, Where and Why to Hire an Attorney >>>> CA Independent Monitor to Protect Interests of Homeowners>>>> Know Before You Owe, Mortgages >>>> When Foreclosure Threatens, Help For Free >>>>

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WEEKEND EDITION, JULY 1 JULY 5, 2013

WEDNESDAY, JULY 3, 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

BofA Should Face Foreclose Probe by TARP, Waters Says Foreclosure is often the most profitable end result for a servicer that does not own the loan they are servicing, the California Democrat wrote to Christy Romero, the special inspector general of the Troubled Asset Relief Program. It goes without saying that this is an outright abuse of consumers and government mortgage-assistance programs. Bank of America is being sued by homeowners who didnt receive permanent HAMP loan modifications after making payments under trial programs, according to court papers.

Lawsky to Regulators: Claw Back Consultant Fees U.S. regulators should shut out consulting firms that engage in misconduct in an effort to claw back fees for botched work, said New York State Benjamin Lawsky banking regulator The comments delivered.as federal lawmakers push for a crackdown on consultants

Bill to shorten foreclosure redemption period advances A Senate committee approved legislation Thursday significantly shortening the redemption period for homeowners in foreclosure. Opponents predicted it would slow Michigan's recovery from the mortgage crisis, while a foreclosure expert argued it would boost the state's home sales.

Foreclosure compensation checks arrive, but anger some homeowners Millions of American homeowners who have struggled with foreclosures are now receiving checks for compensation from the companies that serviced their mortgages -- part of the federal governments efforts to resolve the.

An Allonge is Not an Assignment: Do the research! 1. The allonge attached to the Complaint does not meet the legal definition of what an allonge is: a firmly attached document to the Note, when there is no space on the bottom of the Note for endorsements.

14 American Housing Markets Struggling With Foreclosures Foreclosure filings were down 5% from March, and 23% from a year ago. While national foreclosure activity fell to a six-year low, pockets of America continued to struggle with foreclosures. We drew on RealtyTrac's report to highlight the 14 metros with the highest.

Beware of Up-Front Fees in Foreclosure Rescue If a foreclosure rescue scheme seems too good to be true, it could cost you a lot. The legislature passed the Foreclosure Rescue Fraud Prevention Act in 2008. This act specifies that no fees are to be paid by the borrower until the rescue services are fully rendered.

Millions of Above-Water Borrowers Lack Enough Equity to Move The number of homeowners underwater on their mortgages continued to fall in Q1, but millions still lack enough equity to afford to move, Zillow revealed in its first-quarter Negative Equity Report. According to the report, the national negative equity rate was 25.4 percent in the last quarter compared to 27.5 percent at the end of 2012. That percentage represents slightly more than 13 million homeowners with a mortgage, Zillow said.

Homeowner/Foreclosure Legal Q&A

Is a HELOC loan used for purchase non-recourse? >>>> Property taxes paid while in foreclosure.. >>>> Our Arkansas home was foreclosed on but the appraisal was not done till a few weeks after the Foreclosure sale >>>> During investigation I discovered I own my home since 2006 but.. >>>>

Homeowner Resources
How, When, Where and Why to Hire an Attorney >>>> CA Independent Monitor to Protect Interests of Homeowners>>>> Know Before You Owe, Mortgages >>>> When Foreclosure Threatens, Help For Free >>>>

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WEEKEND EDITION, JULY 1 JULY 5, 2013

THURSDAY, JULY 4, 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

The Evil Lies of Crazy Bankers: 6 Former Employees Expose Inhuman Greed of BofA Just when we thought the big banks couldnt hit a new low, they did. Six former employees of Bank of America have come forward, alleging that the big bank intentionally denied eligible homeowners mortgage loan modifications, and lied to those homeowners about the status of their mortgage payments and documents. Bank of America allegedly used these dirty tactics to lead homeowners into foreclosures and in-house loan modifications, both of which helped reap massive profits for BOAs bottom-line.

Will Victims Of Foreclosures Get Fair Share Of Money Owed? Checks for thousands of foreclosure victims will finally be going out, with hundreds of millions of dollars more earmarked for new housing programs statewide. But theres a growing debate on where most of the moneys going and if foreclosure victims are really getting their.

State battles foreclosures settlement funds

with

mortgage

When Montana received nearly $6 million from a $25 billion national settlement with the nations five largest banks a result of their shady mortgage practices the state tucked away its share of the funding to help homeowners address the threat of foreclosure.

Fidelity National officially acquires LPS Fidelity National Financial officially announced that it will acquire Lender Processing Services, following a HousingWire report on Thursday stating buyout talks were in the works. In addition, LPS announced FNF will combine its ServiceLink business in a new consolidated holding company.

The US Supreme Court Says This Foreclosure Case Should Be DismissedWill This Court Follow That Directive? Will the court, when presented with the stipulated facts, and the guidance and directive of both federal, state and in fact the United States Supreme Court grant dismissal of the case:

Loan Modification Multiple Violations

Company

Sued

For

Home Prices Seen Falling in Some Areas as Rates Increase Home prices are climbing too fast relative to buyer incomes, signaling that property values may fall in some U.S. cities once mortgage rates rise and reduce affordability, according to a study by Zillow Inc.

Consumers paid 60 to 65 percent of their current mortgage payment to the business after the business assured them that the funds would be held in escrow and submitted to their lenders once a modification was reached. Minnesota real estate careers continue despite loan scams

A defunct company called Modify My Loan US LLC has not paid a penny of the record $1 million fine the state assessed last year for scamming 200 Minnesotans trying to save their homes from foreclosure. Yet two of the Eden Prairie companys former owners remain in the real estate business. The Minnesota Department of Commerce allowed them to keep their state-issued licenses.

Homeowner/Foreclosure Legal Q&A

Is a HELOC loan used for purchase non-recourse? >>>> Property taxes paid while in foreclosure.. >>>> Our Arkansas home was foreclosed on but the appraisal was not done till a few weeks after the Foreclosure sale >>>> During investigation I discovered I own my home since 2006 but.. >>>>

Homeowner Resources
How, When, Where and Why to Hire an Attorney >>>> CA Independent Monitor to Protect Interests of Homeowners>>>> Know Before You Owe, Mortgages >>>> When Foreclosure Threatens, Help For Free >>>>

Page 4 of 5

WEEKEND EDITION, JULY 1 JULY 5, 2013

FRIDAY, JULY 5, 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

Foreclosure Activity Up as Bank Repossesions Jump RealtyTrac reported on June 13th that foreclosure filings default notices, scheduled auctions and bank repossessions were reported on 148,054 U.S. properties in May, an increase of 2 percent from the 75-month low in April but still down 28 percent from May 2012. The report also shows one in every 885 U.S. housing units with a foreclosure filing during the month.

FL AG Pam Bondi Outlines Critical Concerns Over BofAs Possible Non-Compliance with National Mortgage Settlement Attorney General Pam Bondi has outlined critical concerns regarding Bank of Americas possible failure to comply fully with the servicing standards she helped negotiate.

Housing prices in March make biggest advance in seven years but many caveats apply First caveat: The Case Shiller Index is based on nominal prices. As Bill McBride at Calculated Risk eternally points out, a truer measure of what's happening can be found in.

Study: 54.3 percent of valley homeowners under water But hundreds of thousands of local households are still drowning in a sea of negative equity, and numbers from online real estate database Zillow show which neighborhoods are most submerged. California foreclosures: How we got here Some homeowners have a hard time figuring out who owns the legal right to their home. Complicated paperwork makes it easier for banks and their mortgage servicers to cut corners on loan documents. Study: How Using Homes as ATMs Fueled Foreclosures

Did the Occupy Wall Street movement waste its moment in the sun? In retrospect, the real surprise is that all this did not happen sooner. Anger with banks and the mess they had caused had been boiling for three years.

Secret 'pocket listings' return in hot housing markets But with pocket listings, properties are kept under wraps and brokers only show them to people they expect will put money down if the property and the price are right.....

The conventional wisdom of the housing crisis goes something like this: Too many people bought homes as the housing bubble inflated. Some were unlucky in their timing, while others overextended themselves by putting too little money down. All of these top-of-the-market purchases led to an explosion of foreclosures once home prices dropped sharply and the economy hit the skids.

Homeowner/Foreclosure Legal Q&A

Is a HELOC loan used for purchase non-recourse? >>>> Property taxes paid while in foreclosure.. >>>> Our Arkansas home was foreclosed on but the appraisal was not done till a few weeks after the Foreclosure sale >>>> During investigation I discovered I own my home since 2006 but.. >>>>

Homeowner Resources
How, When, Where and Why to Hire an Attorney >>>> CA Independent Monitor to Protect Interests of Homeowners>>>> Know Before You Owe, Mortgages >>>> When Foreclosure Threatens, Help For Free >>>>

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