Thousands of Pennsylvania Foreclosures Could Be on Shaky Ground

From Daily Finance by Abigail Field. Two Pennsylvania cases, one state and one federal, have exposed new types of document problems in foreclosure cases. One of the cases has potentially transformative consequences for thousands of troubled Pennsylvania homeowners. At the center of each is the same law firm: Goldbeck McCafferty & McKeever (GMM). A lawsuit filed by Patrick Loughren against …

American Securitization Forum Tells Monstrous Whoppers in Senate Testimony on Mortgage Mess

The Senate Banking Committee had hearings yesterday, part 2 of problems in mortgage servicing from modification to foreclosure. Yves Smith of Naked Capital has a lot to say about the testimony of American Securitization Forum executive director Tom Deustch. Here is an excerpt. Deutsche gave one of the most outrageously dishonest presentations I can recall ever seeing, and readers know …

Banks Seeking to Foreclose Face More Questions About Legal Standing

Via by Marian Wang ProPublica, Nov. 30, 2010 As we’ve noted, banks seeking to enforce foreclosures must demonstrate that they have proper documentation proving their right to enforce a foreclosure—meaning they have the legal standing to enforce the foreclosure either as the holder of the note or as an agent acting on behalf of the holder. In bankruptcy court, this …

Don’t Just Tell Us. Show Us That You Can Foreclose.

Boot Camper David Shaev is quoted by Gretchen Morgenson in this New York Times piece. AFTER examining their foreclosure practices for flaws in mortgage documentation and other procedures, many of the nation’s largest banks have resumed — or will soon resume — trying to evict defaulted borrowers. … “If we find any foreclosures in error, we will fix them,” JPMorgan …

Ahead of Congressional Hearings, Robo-Signer Scrutiny Spreads

by Marian Wang ProPublica, Nov. 16, 2010 Several recent reports about robo-signers have brought fresh attention to another angle of the foreclosure scandal: Robo-signing didn’t just occur in the foreclosure process. It also occurred in the processing of mortgage assignments. Mortgage assignments are documents showing a loan’s transfer of ownership2014transfers that happened over and over when Wall Street firms began …

Lenders face fraud scrutiny on foreclosures

Boot Camp graduate Linda Tirelli is featured in a lohud.com article about fraudulent documents being used to foreclose on homeowners. Linda M. Tirelli is furious, yet she can’t help but laugh as she fingers through file after file of what she says are “so obviously fake” and fraudulent foreclosure documents. “What I want is the truth. Don’t make up documents …

Matt Taibbi: Courts Helping Banks Screw Over Homeowners

A few choice excerpts from Rolling Stone Magazine.  Added emphasis is ours. The foreclosure lawyers down in Jacksonville had warned me, but I was skeptical. They told me the state of Florida had created a special super-high-speed housing court with a specific mandate to rubber-stamp the legally dicey foreclosures by corporate mortgage pushers like Deutsche Bank and JP Morgan Chase. …