Tag Archives: foreclosure defense

Mortgage servicing and standing

Cramdown Controversy #2–Will I “Succeed?” posted by Katie Porter Our active readers at Credit Slips already started debating the second controversy about the pending cramdown legislation: is the failure rate of chapter 13 too high to make mortgage modification in … Continue reading

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insider mers memo foreclosure procedures all states

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Plan of engagement: what to do "let them foreclose" or "Do something about it" what to do

UPDATE: This is THE OUTLINE of a plan that is current in its evolution but by no means complete or the last word. It replaces the entry I made in February of this year. The assumption here is that even … Continue reading

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A Homeowners’ Rebellion: Could 62 Million Homes be Foreclosure-Proof?

62 MILLION HOMES ARE LEGALLY FORECLOSURE -PROOF Posted 7 hours ago by Neil Garfield on Livinglies’s Weblog EDITOR’S NOTE: YES IT MEANS WHAT IT SAYS — WHICH IS WHAT I HAVE BEEN SAYING FOR THREE YEARS. BUT JUST BECAUSE SOME … Continue reading

Posted in 2923.5, 2923.6, 2924, Foreclosure, mortgage meltdown, Mortgage modification, Predatory Lending, stop foreclosure | Tagged , , , , , , , , , , , | 1 Comment

Gretchen “Gets It” but misses the mark

Posted on July 25, 2010 by Neil Garfield It’s no secret that I admire Gretchen Morgenson of the New York Times. Her articles have penetrated deeper and deeper into the realities and logistics of the Great Financial Meltdown. But she … Continue reading

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No Default The Servicer is making the payments !!!

In the sercuritization game there are many co-obligors and you may not be in default after all. In the pooling agreement the servicer must agree to advance payment in the event of a missed payment by debtor. Who is the … Continue reading

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Bankruptcy Court Wipes Out Mortgage Debt When Servicer Fails to Document Claim

10/26/2009 By: Darrell Delamaide A federal bankruptcy judge in New York created new uncertainties for mortgage servicers when he expunged a mortgage debt after the servicer could not provide sufficient documentation that it had a claim on the home. The … Continue reading

Posted in Foreclosure, Mortgage modification, stop foreclosure | Tagged , , , , | 1 Comment