Eighth Circuit tells Minnesota District Court to “Show Me the Note”

Eighth Circuit recently reversed Minnesota district court’s summary judgment order allowing a bank to foreclose when it could not show it was a “holder” of the borrower’s note. Please read the In Re Banks case here.  →

OCC Cease and Desist to lenders and MERS!

Bill wants everyone to read the link below and be aware that the United States Treasury Office of the Comptroller of the Currency has issued a “Cease and Desist” Order commanding 8 lenders, including Bank of America, Citi, Wells, JPMorgan  →

Don't Miss These Videos! "Inside Job" and 60 Minutes

The Academy Award winning documentary on Wall Street’s making of the mortgage mess, “Inside Job”, is now available to view FREE! Here’s the link: http://www.openculture.com/2011/04/inside_job.html This is a wonderful community service from the creators of this movie to enable all  →

More MERS problems (Alan Page's dissent in Jackson v. MERS will show that he is on the right side of history)

http://www.zerohedge.com/article/and-so-it-ends-mers-corporate-secretary-joins-other-ship-jumping-executives-leaving-company  →

Brave and Heroic Judge Grossman of NY Shuts Down MERS

http://www.huffingtonpost.com/l-randall-wray/new-yorks-us-bankruptcy-c_b_824167.html  →

Bank Bailouts Explained—Leveraged Buyout of the Middle Class – VIDEO

http://www.youtube.com/watch?v=yipV_pK6HXw&feature=player_embedded  →

America's Tapeworm Economy Care of Wall Street and Congress, from Bush Whistleblower – VIDEO

“http://www.youtube.com/embed/h5kEYF1FcEU“  →

NPNs, HDCs and Why the Bank Won't Modify

The “investors” behind the curtain in the mortgage crises (hedge funds, Fannie and Freddie) are buying “non-performing notes” (NPNs) for about 37 cents on the dollar.  Why would a bank sell your $200,000 note and mortgage for $74,000 and not  →

Modifications – Beware of Paragraph 7

While some courts are still unconcerned with the legal status and title to the original notes, the banks clearly recognize that this is their Achilles heel.  Proof?  If BOA approaches you with a loan modification they generally will not let  →

SIGNIFICANCE OF THE MASSACHUSETTS DECISION in US Bank v. Ibanez, 2011 WL 38071 (Jan. 11, 2011)

This ruling on this case has the potential to be a very significant decision.  In Ibanez, the Massachusetts Supreme Court held that two banks did not have clear title to property that they acquired in a non-judicial foreclosure where those  →