The Sorry State of Bank Apologies

Deadly Clear:

It doesn’t stop them from continuing to abuse the system. Confiscate the patents. Legislate property/land as a liability – rather than the replacement for gold and silver.

Originally posted on Justice League:

Admitting a problem, as the cliché has it, is the first step to solving it. But with the Justice Department and the Securities and Exchange Commission, admissions of wrongdoing have been the last step. There’s much work to be done to hold giant corporations accountable for their misdeeds.

Over the last few years, the Justice Department and the S.E.C. have been assailed for delivering lashings to corporate malefactors that resemble a fanning with palm fronds. In response, the Justice Department and the S.E.C. would like us to think that they received the message and got tough. This summer, the Justice Department forced Credit Suisse and BNP Paribas to plead guilty to crimes. In some of its recent settlements, the S.E.C. has been requiring individuals and corporations admit that they did something wrong.

Such public statements of contrition have some degree of usefulness. It’s almost ridiculous that we consider it progress…

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Incredible! New Century Bankruptcy Judge’s Order Against Homeowner Vacated… “[d]ue process affords a re-do”

Vacated NCTenacity pays off! Maybe the jig is up… This is the bankruptcy court that wanted to DESTROY the homeowner files.

Appellants Molly S. White and Ralph N. White (“White”) (“appellants”) filed this bankruptcy appeal on October 18, 2013. (D.1. 1) They appear pro se. The appeal arises from an order entered by the bankruptcy court on August 30, 2013, that determined debtors complied with the bankruptcy court’s order establishing bar dates for ‘filing proofs of claim and approving the form, manner, and sufficiency of the notice as applied to unknown creditors.” Continue reading

Unrecorded Mortgage Assignment: If You Snooze, You Can Lose

Deadly Clear:

How many mortgages are located in securitized trusts and unrecorded because the mortgagor has never defaulted? Plenty, betcha.

Originally posted on Bankruptcy-RealEstate-Insights:

In re First Mortgage Fund, Inc., 498 B.R. 180 (E.D. Mich. 2013) –

A debtor (First Mortgage), which was the mortgagee of record, foreclosed a mortgage and obtained title to the foreclosed property notwithstanding that it had assigned the note and mortgage to another party several years before the foreclosure sale.  After the assignee sought to make a claim based on the assignment, the debtor’s chapter 7 trustee sought to avoid the rights of the assignee using his strong-arm powers.  After the bankruptcy court found in favor of the chapter 7 trustee, the assignee appealed.

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Mortgage Enforcement: Dot Those “i”s and Cross Those “t”s – Or Else

Deadly Clear:

Luckily, the Debtor apparently had a competent attorney.

Originally posted on Bankruptcy-RealEstate-Insights:

In re Demers, 511 B.R. 233 (Bankr. D. R.I. 2014)

A chapter 13 debtor objected to the portion of a mortgagee’s claim consisting of expenses related to foreclosure of its mortgage. She argued that since the mortgagee failed to comply with notice requirements under the mortgage, the foreclosure expenses were not valid.

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Benz v. Federal Home Loan Mortgage Corp || “…or that the parties to the transfer “were attempting to backdate an event to their benefit.” ” || Accordingly, we reverse the summary judgment.

Originally posted on Justice League:

The record in this case fails to demonstrate Freddie Mac’s standing on the date the complaint was filed.

Here is the court document. Click here.


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An assignment of mortgage but not the note

Deadly Clear:

This is exactly what we try to warn the courts about. Nobody knows for sure who they are paying. It’s all a crap shoot. Dubin is right – make them all produce the note and record it or shut the hell up!

Originally posted on Justice League:

Nothing has changed from the banksters. Still submitting fraudulent documents in the county recorder offices. Check this out. This is an email that I received from Virginia of Deadly Clear website. Thanks Virginia!:

Another one to follow – thought you’d find interesting.

Aloha, Virginia


Begin forwarded message:

From: Tim Morell <>
Date: August 21, 2014 9:08:58 AM HST
To: Tim Morell <>
Subject: assignment of mortgage but not the note…

Here is a not your typical MERS type assignment of mortgage.  This is a situation where Citimortgage originally was the holder of the note and filed suit for foreclosure in 2013. The borrower got a successful modification. He started the process with Citi, but Citi advised him that a new servicer would be taking over: FIC Lender Services LLC.

One thing led to another and the client received copies of assignments of…

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Florida homeowners get huge chunk of BofA settlement

Deadly Clear:

It’s not a staggering sum considering most homes were overvalued on an average of 35% or more…but it is certainly better than other ostrich states that fail to audit their land records or pursue the banks for their crimes on behalf of their constituents.

Originally posted on Justice League:

Nearly 17,000 consumers helped.

Nearly 17,000 Floridians will receive an excess of $1 billion in relief from the Bank of America (BAC) record settlementwith the Department of Justice, which is almost 14% of the total $7 billion that was allotted to consumer relief, according to the office of Florida Attorney General Pam Bondi.

Those eligible will receive relief in the form of first and second lien principle reductions and loan forgiveness.

“Our office worked closely with Bank of America to ensure that Florida homeowners would be treated fairly in any settlement, and I’m pleased that Floridians will be receiving one-seventh of the overall consumer relief,” Bondi said.

The $16.65 billion settlement with the U.S. Department of Justice, certain federal agencies and six states was to resolve claims over toxic residential mortgage-backed securities, collateralized debt obligations and an origination release on residential mortgage loans sold to Fannie Mae and

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To Serve and Protect or Occupy and Repress?

Deadly Clear:

Our government appears to have allowed pension funds to have been gambled away in a known corrupt securities scheme. We’d all like to think it was stupidity that created the major losses, costing the American taxpayers TRILLION$ to bailout the thieves on their titanic adventure. But facts are piling up that appear to make it apparent that stupidity is a delusional term of art for something more sinister.

Originally posted on Rcooley123's Blog:

Since the terrorist attacks of September 11, 2001, there has been a steady militarization of police forces in many of America’s cities. This has become increasingly obvious when the subject of dealing with public protests has arisen. Whether in dealings with Occupy protesters a few years ago, or with the unrest caused recently by the killing of Michael Brown (an unarmed teenager) by police in Ferguson, Missouri, many question the use of some of the brutal tactics and military style weapons used by police across the nation. There often seems to be a difference in opinion between police and protesters (particularly when they are dealing with mainly unarmed, peaceful demonstrators who feel they are simply exercising their civil rights to peaceably assemble and speak their minds freely as is written in the Constitution and Bill of Rights), as to what is the appropriate way in which each should act.


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Judge Clears Way For Settlement In BofA, US Bank RMBS Suit

Originally posted on Justice League:

Case Information

Case Title

Policemen’s Annuity and Benefit Fund Of The City Of Chicago v. Bank of America, NA et al


Case Number



New York Southern

Nature of Suit

Other Statutory Actions


Katherine B. Forrest

Law360, New York (August 19, 2014, 11:36 AM ET) — A New York federal judge on Monday made way for a settlement by Bank of America NA and U.S. Bank NA of an investor suit over residential mortgage-backed securities, finding the pending deal makes moot a bid to certify a class of investors who alleged the banks failed in their role as the trustees of pools of the securities.

U.S. District Judge Katherine B. Forrest cited the potential settlement, first disclosed to the court in a June 5 letter, in an order terminating a pending motion…

Read on.

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Attorney rips Freddie Mac over leaving neighbors to maintain vacant, mold-infested home

Originally posted on Justice League:

The issues at 1053 Janet Ave. are nothing new in Ypsilanti Township.

The derelict and once unsecured home’s grass is mowed by neighbors and the odor from a severe mold infestation is identifiable from the sidewalk.

And like multiple other homes the Ypsilanti Township Office of Community Standardstackled in recent years, its mortgage is nowheld by Freddie Mac, which officials say has neglected the property and let it deteriorate to a point that the township considers it a public nuisance and is asking a judge to order it secured and cleaned.

The condition also prompted Township Attorney Doug Winters to rip Freddie Mac in a letter to the company detailing issues at the 1,008-square-foot home and offer his thoughts on the failure to maintain or secure the property since it took over the mortgage in March 2013.

“This is absolutely unbelievable and even more egregious when…

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