CUTTING THE BUDGET…

 

 

Nobody puts the pencil to anything the government does, it's just to large too wrap your head around, it's not real money ya know. 

Biting the bullet – cutting expenses. 
I HOPE YOU WILL ALL PARTICIPATE AND DO YOUR PART 

The President ordered the cabinet to cut $100 million from the $3.5 trillion federal budget. I'm so impressed by this sacrifice that I have decided to do the same thing with my personal budget. I spend about $4000 a month on groceries, household expenses, medicine, utilities, etc, but it's time to get out the budget cutting axe, go through my expenses, and cut back. I'm going to cut my spending at exactly the same ratio, 1/35,000 of my total budget. After doing the math, it looks like instead of spending $4000 a month; I'm going to have to cut that number by… twelvecents. Yes, I'm going to have to get by with $3999.88, but that's what sacrifice is all about. I'll just have to do without some things, that are, frankly, luxuries. 

Did the president actually think no one would do the math? 

Please send this to everyone on your list so people understand what a load of crap this is!

Is It True… Wells Fargo Just Settled for $125 MILLION!

 

JOIN THE PARTY!!!

IT’S YOUR TURN!!!

 

Wells Fargo, the largest U.S. home lender, and several investment banks that underwrote the securities were sued in 2009 over alleged violations of securities laws in connection with sales of $36 billion in mortgage pass-through certificates in 2005 and 2006.


Is it true, Wells Fargo agreed to pay only a $125 million to settle accusations by investors that the bank misled them about the risks of mortgage-backed securities it sold?
 
Bank of America Corp. agreed on June 29 to pay $8.5 billion to resolve investor claims over sales of bonds backed by home loans by Countrywide Financial Corp., which it had acquired in 2008. The settlement covers 530 mortgage trusts
with an original loan balance of $424 billion, the bank said.
 
 

Bank of America nears $8.5 billion settlement with investors:

 

Next up should be a settlement to homeowner victims, and judges should either lead the charge or get out-of-the-way, instead of holding the bank's hands in wresting homes from family friends and neighbors.

In a day and age when bank fraud for home loan claims are up by over 30 percent from last year, you would think that there would be settlements to the real principal victims those targeted for toxic loans and those whose promissory notes have not been returned. Homeowners evicted without a promissory note return are likely still having their promissory note used to produce money fraudulently. Banks won't return the notes because they don't have them – they sold them to investors. Without the note there is no evidence of debt.

Homeowners would like a piece of the settlement 'pie'. Make no mistake, these homes were mostly stolen from homeowners without proper notices, robo-signatures on forms and fraud that has been revealed and confirmed by the 50 State Attorney Generals.

Go to Forms Section at the top of this site and more information of how banks are stealing our homes.

WITHOUT THE NOTE – AREN’T THE “LENDERS” TRYING TO GET YOUR HOUSE FOR FREE!

 



Introduction:

If someone owed you a million dollars would you have a copy of the agreement, and would you safeguard that agreement?  Of course.  But what we are witnessing in our State and Federal Courts in California, Arizona and across the nation, is lenders who cannot legally prove they have the right to enforce your mortgage.  Why?  They don’t have the original promissory note.  The reason for this is complicated and we will talk about the secondary loan market in other posts on UltimateBK.com.  Suffice it to say that if you walked into a small claims court and demanded payment on a written contract, the judge would want to see a copy of the written contract.  However, when it comes to securitized loans (especially in private non-judicial foreclosure settings) apparently you don’t have a right to ask if the real lender is foreclosing on you.  If Wallmart sends you a Notice of Default and Notice of Sale for example, you are supposed to take their word for it that they can foreclose on you, and basically go quietly and gently into the foreclosure night.  You have no right after all, being a delinquent borrower and asking such questions.

Some might say you are simply “trying to get your house for free.”  But let me ask you this, if a “lender” is seeking to foreclose, or assert rights in a bankruptcy court, and if they cannot produce LEGAL EVIDENCE THAT THEY ARE THE OWNER OF THE LOAN (whether by purpose or by mistake), who is the one actually trying to get a house for free?  This is the question we are asking and trying to get an honest answer to.  The California Commercial Code and Arizona commercial code (the two states where we are licensed to practice law) both set forth specific rules for the enforceability of commercial notes.  Why is it asking too much that an alleged creditor be able to prove its legal status to collect on your loan?

BANKS ARE NOT DOING ENOUGH…

Three Months just paid for Banks to foreclosure and Throw You and your Family on the Streets.

And 90% of attorneys (The root meaning for Attorney - Attorn: To turn over; to transfer to another money or goods) (Black Law 6th Ed.) not prepared to deal with knowledgeable consumers.

Did You know Services make more money while your home is in foreclosure.

The Facts remain burden of proof is on the lender and not homeowner.  

Learn to DISCHARGE AS UN-SECURE DEBT.

Our Proven Program put you in position to make them defend against RESPA (Real Estate Settlement Procedure Act).   *Look at your Deed of Trust and read the paragraph with RESPA.  There many other State and Federal laws they don't know how to defend against.  

Our members learn all this and so much more…And we also like to make a lot of $$$!

Goto our Free Forms Section and download what you need to get started.

Join Now!  

Listen to our Next Talkshoe call to learn what it takes or email us at: mailto:homeowner1.info@gmail.com or homeowner1.info@gmail.com.

Largest Mortgage Companies – Confidential Federal Audit

 

WASHINGTON — A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told The Huffington Post.

The five separate investigations were conducted by the Department of Housing and Urban Development’s inspector general and examined Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, the sources said.

The audits accuse the five major lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government. The audits were completed between February and March, the sources said. The internal watchdog office at HUD referred its findings to the Department of Justice, which must now decide whether to file charges.

The federal audits mark the latest fallout from the national foreclosure crisis that followed the end of a long-running housing bubble. Amid reports last year that many large lenders improperly accelerated foreclosure proceedings by failing to amass required paperwork, the federal agencies launched their own probes.

The resulting reports read like veritable indictments of major lenders, the sources said. State officials are now wielding the documents as leverage in their ongoing talks with mortgage companies aimed at forcing the firms to agree to pay fines to resolve allegations of routine violations in their handling of foreclosures.

The audits conclude that the banks effectively cheated taxpayers by presenting the Federal Housing Administration with false claims: They filed for federal reimbursement on foreclosed homes that sold for less than the outstanding loan balance using defective and faulty documents.

Two of the firms, including Bank of America, refused to cooperate with the investigations, according to the sources. The audit on Bank of America finds that the company — the nation’s largest handler of home loans — failed to correct faulty foreclosure practices even after imposing a moratorium that lifted last October. Back then, the bank said it was resuming foreclosures, having satisfied itself that prior problems had been solved.

Story Here http://www.huffingtonpost.com

“Folks…”We have Many Ways To Stop Any Foreclosure, Immediately…

 

WE HAVE GOOD NEWS!

Our company have helped hundreds of homeowners to stop foreclosure and we can help you too. 

When facing foreclosure Time is of the Essence. You MUST act fast to protect your rights. 

Many people needing help with stopping foreclosure simply do nothing and hope for a miracle. Don't fall into that trap! Click Here To Download \"Claim Of Rights\" Application (14)

 

You have options. Don't face foreclosure alone

Why wait for answers? Contact someone in your area who understands the foreclosure process and who knows the foreclosure laws in your state.  We will show you what to look for in your mortgage documents to find the felonies preformed against you.  Did you know you have the right to rescind your signature for the fraud. If you cancel the mortgage, the bank have no standing.

Time is your enemy!

If your house payments are more than a month behind, your lender has probably already started foreclosure proceedings. As time passes thousands of dollars in penalties and legal fees can be added to the balance you owe. And every single day extra interest is added! 

The longer you wait, the harder it is for us to help. Get Started Today.

Click Here To Download \"Claim Of Rights\" Application (14)      

 

What's Included with our Program!

- We complete the entire Claim of Rights Packet ( Protect Your Home with Homestead Laws)

- How to Cancel Bank Loan Step-by-Step Process

- FBI Documents and Letters  (Shows the FBI the crimes banks are committing and you want to report the crime)

- How to put the banks in default (Qualify Written Request and a complete commercial process to place bank in default and how you can collect all mortgage payments you have made)

- We provide Sample letters, Affidivats – Court Complaints and Answers; – Letters to Attorneys, Foreclosure Trustee, CEO of Banks etc.  

Many bonuses:

List of robo-signers. If you don't know what a robo-signer has done to homeowners.  Check out this60 Minutes video to learn more about robo-signers…http://www.cbsnews.com/video/watch/?id=7361572n&tag=api

Legal encyclopedia of United State law pertaining to fighting foreclosure 

Weekly Conference calls for updates about success stories, questions and answers. Homeowner's Community Call:  http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=86076&cmd=tc

 And much much more…

Don't Wait Get Started Today

Go to Product & Services pay the $300.00 under Stop Banks from Stealing Your Home.  You will get STOP THE FORECLOSURE PACK for "Free" with the your $300.00 and that includes all the Bonuses.  This offer expire at the end of this month!  Stop the Foreclosure and all the bonuses equals a $500.00 value and you get it for "Free".  

 

The longer you wait, the harder it is for us to help. Get Started Today.

Quieting Title

From Wikipedia, the free encyclopedia

An action to quiet title is a brought in a court having jurisdiction over land disputes, in order to establish a party's title to real property against anyone and everyone, and thus "quiet" any challenges or claims to the title.

 

Action to Quiet Title

Typically in an action to quiet title someone is attempting to assert their ownership right to some or all of the residential property, commercial property, or land in question while seeking a determination that others have no ownership rights to that real property. For example, assume that the seller of the property agreed to sell but died before the sale was finalized. Assume further that the seller also gave the property to a nephew in a will. In such a situation, both the nephew and the buyer have valid grounds for filing a suit to quiet title because each has a valid claim to the property.

 

"Claim" includes a legal or equitable right, title, estate, lien, or interest in property or cloud upon title. The law on quiet title actions varies from state to state. Some states have quiet title statutes. Other states allow courts to fashion most of the laws regarding quiet title actions. Under COMMON LAW, a plaintiff must be in possession of the property to bring a quiet title action, but many state statutes do not require actual possession by the plaintiff. In other states possession is not relevant. In some states only the person who holds legal title to the real estate may file a quiet title action, but in other states anyone with sufficient interest in the property may bring a quiet title action. Generally, a person who has sold the property does not have sufficient interest. When a landowner owns property subject to a mortgage, the landowner may bring a quiet title action in states where the mortgagor retains title to the property. If the mortgagee keeps the title until the mortgage is paid, the mortgagee, not the landowner, would have to bring the action.

Don’t Walk Away From Your Home

 

NOT A LOAN MODIFICATION

NOT A SHORT SALE

MUCH  BETTER 

 

THIS PROGRAM WILL HELP YOU KEEP YOUR HOME

Read the following link below "Where the Fraud Begins" and download the application "Claim Your Rights" to your property.  

Learn More…  Check This Out! Click Here To Read - WHERE THE FRAUD BEGINS (158)

Click Here To Download Claim Of Rights Application (160)

What if Adam Levitin is Right?

 

 

“We’re facing the same issues we’ve been facing for the last four years…every year we have another set of hearings.”

Adam Levitin never hesitates to speaks his mind. On November 18th, the young Georgetown professor gave some of the most memorable testimony of 2010. He was speaking before the House Financial Services Subcommittee

At RealtyInfusion, we’ve written a LOT of material trying to estimate the size of the Foreclosure market, the effects of Unemployment, the extent of Strategic Defaults and of course, the growth of the Short Sale industry. (Most recently, our focus was on Timing the Next Foreclosure Wave.)One of the most frequent emails I get from readers is the same basic question about statistics: why does it have to involve so much research and guesswork? Why aren’t there more simple, clear answers?

Well, as Levitin indicated several times during his testimony, it’s because we all work in a very strange industry. Straight facts are not easy to come by, even for college professor experts…

We don’t actually know how many mortgages there are in the US…which is just an astounding regulatory failure. No one knows the number. Somewhere between 50 and 60 million.”

Adam Levitin does have a clear picture on what the root of the problem is, though. He says it’s because government oversight has been an ongoing failure. “We’re not going to get the numbers unless Federal regulators go after them,” he said on Thursday. He also thinks the system is broken deliberately:

“Federal regulators don’t want to get this information, they don’t want to see if there is a problem, because they’re too scared that if there is a problem, they’re going to have to do something about it.”

Now, it’s not exactly a radical theory he’s advancing here. We’ve been writing about the need to deal with Fannie and Freddie for as long as RealtyInfusion has existed, and the government is still dragging their feet to this day. Unfortunately, this fear of responsibility is just a part of the culture in Washington, DC. Believe me, if all Adam Levitin had to offer you was criticism of our government, I would not be wasting your time.

Here’s where Levitin gets interesting: he also testified that the biggest, most powerful banks in the country — and indeed the world — are completely broke. What’s even more remarkable is that the numbers appear to back him up.

The Scope of the Problem

“There’s about $400 billion in second lien mortgages out there at the four largest banks — Bank of America, Chase, Citi, and Wells Fargo. That’s roughly equal to the market capitalization of those four banks. So if they started writing off their second lien mortgages, they would have no capital left. They would be insolvent.”

Four hundred billion dollars is pretty huge, but it’s not a Doomsday scenario he’s making up, either. The day before his testimony, the New York Times ran an article (“Foreclosure Fix is Seen as Distant“) citing almost the same number:

For the banks, the immediate cost of halting foreclosure is not significant. Brian Moynihan, the chief executive of Bank of America, said it totaled $10 million to $20 million a month. Bank of America has frozen foreclosures in 27 states.

A far greater threat to the broader financial system is the possibility that investors will force financial institutions to buy back hundreds of billions of dollars in soured mortgages, according to a Congressional Research Service report prepared for Thursday’s hearing and obtained by The New York Times.

Loan buybacks could shift $425 billion in losses on mortgage-backed securities from the investors that owned them to the banks that helped originate or assemble the securities, according to the report, far more than most estimates floated on Wall Street.


The Bottom Line

Here’s a screen shot from Levitin’s testimony:

That’s the back of Levitin’s head to the left. The rest of the frame is mostly empty seats, except for Brad Miller, who was asking the questions. Although finance and Real Estate blogs have been discussing Levitin a great deal in the past week, his words have gotten no play in the major media whatsoever.

So in closing, here’s the real question: does it matter if Adam Levitin is right? If the big banks are never forced to write off their losses, they’ll never go bankrupt even if they technically are. If the mortgage servicers can buy their way out of the Robo-Signing scandal with a settlement fund, does it matter if MERS was committing fraud on an industrial scale?

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