NEIL GARFIELD CONTINUES TO SCREW HOMEOWNERS

Maslanka called me to discuss what Garfield did to him in his case: Zdzislaw E. Maslanka v. Wells Fargo and Embrace, Florida’s 17th Circuit Trial Court and 4th District Appeals Court. He not only hit him up for over $35K for a nonsensical complaint, he also “stole” money out of his bank account. Moreover, Mr. Maslanka will have to go bankrupt, not to pay the attorney fees of the banks, which most likely will be way over $100k. BTW, this … Continued

POST YVANOVA CASE ADDRESSES QUESTIONS NOT ANSWERED BY THE CALIFORNIA SUPREME COURT

I posted to blogs, spoke with attorneys and homeowners and explained how the Yvanova case was much ado about nothing. Despite expounding on the issues for 30 pages, the Yvanova opinion simply stands for the unremarkable (and, largely, undisputed) proposition that a borrower can sue for wrongful foreclosure where the transaction by which the beneficiary acquired the loan was void to begin with. That narrow holding has been misconstrued by borrowers’ counsel, and by some in the financial industry, who read much … Continued

Homeowners Receiving Multimillion-Dollar Awards Attacking Banks By Using Their Loan Contract

Storm Bradford Founder Of The Nationwide Investigative Firm Mortgage Fraud Examiners Discloses To Homeowners The Latest Techniques Guaranteed To Beat The Banks. When asked how the mechanism works, Bradford explained: “It’s very simple; appraisal fraud, other tortious conduct, contract breaches, errors, setoffs, statutory/regulatory violations, etc., underlie over 90% of mortgage transactions. These abuses give homeowners leverage to beat the banks. When we examine mortgage transactions (contract) and find misconduct, our clients use our analysis to draft and send a contractually mandated ‘grievance … Continued

Investigation Discredits Felon’s $34,500 Mortgage Audit For Osceola Clerk Ramirez

Return to normal view · Wider · Narrower Return to normal view · Wider · Narrower Mortgage Fraud Examiners exposed the worthless mortgage audits these scammers were peddling to unsuspecting homeowners. Regrettably, they’ve been scamming clerks of courts as well. http://www.equities.com/news/review-discredits-felon-s-34-500-mortgage-audit-for-osceola-clerk-ramirez  

THE NEW FORECLOSURE THREAT: TROUBLED HELOCS & SECOND MORTGAGES

Prior to the financial crisis of 2008, when the real estate market was still thriving and properties were increasing in value year after year, it was very common for homeowners to take out second mortgages or home equity lines of credit (HELOCs). I’ve written previously about the financial shock many homeowners are now experiencing, as HELOCs they acquired in 2005-2006 begin reaching the 10-year mark, where they commonly reset from interest-only payments to repayment of principal and interest. In recent … Continued

Half of HELOCs Facing Payment Shocks Over Next Two Years

Home equity lines of credit (HELOCs) originated during the housing bubble years of 2005 to 2007 have either reached or will soon reach their 10-year “end of draw” period, at which point borrowers will face a payment shock that may cause delinquency rates among HELOCs to rise substantially. According to Black Knight Financial Services’ July 2015 Mortgage Monitor released Tuesday, HELOCs originated from 2005 to 2007 make up more than half (54 percent) of the current HELOC universe. These borrowers … Continued

RUN FROM ADVERSE POSSESSION SCAMMERS

In Dade County, Florida, the Orlando Sentinel reports: A two-time convicted car thief from South Florida got into the real estate business and began filing phony records with county officials then began stealing houses, according to the Florida Department of Law Enforcement. Louis Marvin Lewis, 47, formerly of Hollywood, used that scam to fraudulently obtain titles to 10 houses worth $2.5 million, the agency reported. One was a two-story, four-bedroom house near Bithlo that was in foreclosure and worth $207,000, … Continued

ANOTHER PRETENDER DEFENDER SPANKED FOR RIPPING OFF HOMEOWNERS

Delray Beach attorney S. Tracy Long was suspended for one year and must pay $11,500 in restitution following charges of sharing fees with a non-lawyer and foreclosure-related offenses. The Florida Supreme Court approved the suspension in late November. It was announced Friday by the Florida Bar. According to a conditional guilty plea signed by Long, in 2011 he used two companies to market foreclosure defense and loan modification work to be done by his law office. One of the firms … Continued

HAMP BORROWERS SHOULD HAVE HAD THEIR MORTGAGE TRANSACTION EXAMINED

Approximately half a million homeowners who received a mortgage loan modification in 2010 through the government’s Home Affordable Modification Program, commonly known as HAMP, are due to reset in 2015. Chief Financial Analyst Greg McBride, who said in 2009 that homeowners receiving a modification through HAMP were simply “kicking the can down the road” and now that we are in 2015, “we’re at the end of the road” because of all the HAMP mods due to reset this year. Furthermore, … Continued