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Daily Archives: August 7, 2012
Housing Solution – holding the lender accountable
Have you noticed that banks are foreclosing at an alarming rate? Have you noticed that banks are usually allowed to do what they want in court? This is a follow up to a previous post of July 27, 2012 http://reclaimourrepublic.wordpress.com/2012/07/27/superior-court-judge-says-hamp-has-no-teeth/ … Continue reading
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Tagged "I concur fully in the opinion of the court, 2010) ( MA SJC), and Massachusetts law has always required that it proceed strictly in accord with the statutes that govern it....., AND Notes...also requiring the entity foreclosing to have the Note AND Deed of Trust - properly endorsed before they can foreclose. The penalty being that any violation would deny the lender the abili, and that the mortgaged properties were subject to foreclosure. Before commencing such an action, and write separately only to underscore that what is surprising about these cases is not the statement of principles articulated by the court regarding title law and the law of foreclosure in Massachu, banks are usually allowed to do what they want in court, Bevilacagua v Rodriguez 18 LCR 451 (Aug 26, but rather the utter carelessness with which the plaintiff banks documented the titles to their assets. There is no dispute that the mortgagors of the properties in question had defaulted on their obl, Deeds of Trusts/Mortgages, granting relief to homeowners, Have you noticed that banks are foreclosing at an alarming rate?, housing mess, however, in Massachusetts, one state Supreme Court Justice, Pointing fingers, ResCap, ResCap wants Bankruptcy protection, SJC Justice Cordy, state pass a constitutional amendment, stop the corrupt lenders, that is not the point. Foreclosure is a powerful act with significant consequences, the holder of an assigned mortgage needs to take care to ensure that this legal paperwork is in order. Although there was no apparent actual unfairness here to the mortgagors, usually by initiative petition, wants Bankruptcy protect, wants to continue to sue you and foreclose, wants to stop you from suing them, who did what to whom, who goes by 51 other names, would require lenders to record all transfers of titles
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UK bank, Iran accused of scheme that left US financial system ‘vulnerable to terrorists’
Published August 06, 2012 – Associated Press ALBANY, N.Y. – A British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007, leaving the United States’ financial system “vulnerable to terrorists,” New York’s financial regulator charged … Continue reading →