FORECLOSURE MEDIATION IS A BOOBY TRAP

Mediation suggested by the courts – like modification, is a trap.  It buys time for the banks to dummy up more records and documents, while lulling the homeowner into a false sense of security and reliance that the servicer can actually perform a modification.  In most cases they can’t.

The number of fraudulent assignment of mortgage documents filed in the Hawaii Bureau of Conveyances, like many other states is appalling. Compounding the assignment fraud is the gigantic number of unrepresented homeowners in these foreclosure and eviction actions.  These homeowners have absolutely no understanding that an assignment of mortgage even exists or that it is fraudulent, assigned too late to a New York or Delaware trust, was filed with intent to

ELIZABETH WARREN: “We need a strong cop on the beat to make sure no one steals your purse on Main Street or your pension on Wall Street.”

“Elizabeth Warren Calls on JP Morgan Chief to Resign from NY Federal Reserve Bank Board,” Reports Stopforeclosurefraud.com

• Says Responsibility and Accountability Long Overdue
• Architect of the Consumer Financial Protection Bureau
• Warren Continues Challenging Wall Street Arrogance

DOERS ALERT: U.S. BANK NATIONAL USES FRAUD AND DECEIT TO EVICT A HAWAII FAMILY – WHILE MAUI, HAWAII COURTS FAIL TO ACT

Joe and Grace Barroga have been fighting foreclosure and a fraudulent assignment of mortgage since last year when they discovered a fraudulent, robo-signed Mortgage Electronic Registration Systems, Inc. assignment of mortgage made in 2009 by U.S. Bank National as Trustee for RFMSI Series 2006-SA4 Trust – a GMAC securitized loan trust. The Barrogas, like millions of other “responsible” homeowners, fell prey to for the defective Obama HAMP program that allowed banks to default good homeowners that asked for a modification. They are scheduled for eviction on Monday, May 14th.

Pursuant to the Trust controlling documents,

Investors One Corp. to Bank of America – Psychotic Behavior – An Intentional Pattern of Abuse:

“Psychosis is a clinical condition in which the affected person loses contact with reality altering key functions for the human being as the thoughts, feelings, perceptions and behavior.”

In Atlanta, a Dekalb County sheriff evicted a four-generation family, which had been occupying its home, in a 3 a.m. raid earlier this week.

Let’s Make A Deal – “Wells Fargo Come On Down”

The Phillips-Tehiva reconsideration hearing took place on Tuesday, May 1st.  May Day… Occupy Maui May Day.

Honorable Judge Eric G. Romanchak flew into Hana, Maui to hold monthly court in the “Little House on the Prairie-style” Hana Courthouse and hear the arguments presented on the foreclosure and eviction issues relating to the Phillips-Tehiva family and their Hawaiian family land.

The Wells Fargo, as Trustee v. Phillips-Tehiva case has been the focus of local and international media attention causing emotions
to run at very high levels.  

Chris Whalen: The Fallacy of “Too Big To Fail”–Why the Big Banks Will Eventually Break Up

Jim Puplava is Author & Host of Financial Sense & Financial Sense Newshour providing weekly broadcasts and writing thought-provoking commentary for Financial Sense Online in addition to interviews with top financial thinkers.
In a riveting interview on the banking industry, Christopher Whalen of Tangent Capital Partners in New York joins Jim on Financial Sense Newshour to discuss the fallacy of “too big to fail,” conflicts of interest in the derivatives markets, problems with the 2005 bankruptcy laws, and political failures, policies and programs.

Chris Whalen elaborates on the present economic situation and why we are not seeing the changes Americans expect.  

Behind the Securitization Curtain – 21st Century Mortgage Casino

The turn of the century mortgage lending fiasco was built like a 21st Century casino.
The entire scheme started with the homeowner who wanted to buy a home or refinance at unbelievable interest rates… too good to be true… and they were!

It all started with a loan application called a “1003.”  EVERY lender in the scheme used the same loan application software.  In fact, Fannie Mae patented the sucker. Inside this specific patent are numerous patents related to and referenced that make up the beloved 1003 loan application. These patents are listed on line in the USPTO.

One of the reference patents is a gem called the “Online system for fulfiling loan applications from loan originators” and it describes how technological methodology is integrated into the mortgage lending process.  

Wells Fargo Please Wait Until The Case Can be Heard on May 1st – You Do Not Have to Evict the Family on EASTER SUNDAY!!!!!!!

Wells Fargo has agreed to a postponement of ejectment until after the pending hearing.   Happy Easter. Mahalo to everyone.

PLEASE STOP THE EVICTION OF THE PHILLIPS-TEHIVA FAMILY

HATOTA TEHIVA, JAYDENE PHILLIPS TEHIVA, and JOYCELENE PHILLIPS
Hana, Hawaii 96713
Loan # 111003400

We support the Phillips-Tehiva `Ohana and the right for them to remain on their property at

5305 Hana Highway in Hana,

Maui, Hawai`i.

The nine family members, including 6 children and an ailing grandmother, are about to be evicted from land that has been in the family since the
Great Mahele.

The family has a reconsideration hearing in Second Circuit District Court scheduled for May 1, 2012.

HOWEVER, their eviction is scheduled for EASTER SUNDAY morning at 10:00 am. EASTER SUNDAY! 

LISA FOR CLERK!

As the Wall Street mortgage-backed securities fraud collapsed the United States economy Florida began to get hammered.  Heavily weighted in Florida loans, targeted Florida homeowners of these failing trusts were the first to feel the brunt force of foreclosures.

From the financial force majeure grew a group of “warriors” that knew something was wrong and they began combing the county records for clues.  Among the first of the warriors was Lisa Epstein, an oncology nurse in Palm Beach County, Florida who started noticing something new — and unsettling — as patients talked about their struggles. Not only were her patients and their families coping with a serious diagnosis and the cost and side effects of treatments, but more and more of them were also facing the loss of their homes.  

The Securitization Curtain is Lifting in Hawaii!

“One of the most important decisions for Borrowers Rights in the history of Hawaii has been made with this decision,” remarked Honolulu attorney Gary Dubin.  Honorable Judge J. Michael Seabright of the Hawaii United States District Court, today GRANTED the homeowners’ Motion to Dismiss the case filed against them in federal district court by Plaintiff Deutsche Bank National Trust Company, as Trustee Morgan Stanley ABS Capital I Inc. Trust 2007-NC1 Mortgage Pass-Through Certificates, Series 2007-NC1.