Hawaii: family claims ownership of Waimanalo land using fake deed – just like the banks!

CLICK:  State: family claims ownership of Waimanalo land using fake deed – Hawaii News Now – KGMB and KHNL.

Hawaii fake deedsObviously, there are some ostriches in Hawaii when there are thousands of forgeries and fraudulent documents that have been filed in its Bureau of Conveyances over the last 8 years, but the registrar says: “only a handful of bogus property deeds get thrown out by the courts every year.” 

Maybe somebody ought to suggest a land record audit or just gather up all the foreclosure forgeries and sue the Bureau of Conveynances for ignoring fraud and total incompetence. Continue reading

Investors suing dozen of banks on Libor

Deadly Clear:

Oh finally, but probably too late… Just like not knowing that the loans never made it to the trusts because the trustees agreed to rehypothecation…

Originally posted on Justice League:

Courthouse News:
About two dozen banks and financial institutions conspired to artificially suppress and manipulate the London interbank offered rate (Libor) between 2007 and 2010, institutional and individual investors claim.

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SEC puts an end to Carrington Capital’s deal with New Century investigation

Deadly Clear:

Probably because they didn’t look in the right places…like the computer software systems?

Originally posted on Justice League:

After 18 months, they got nothing

After an 18-month investigation, the Securities and Exchange Commission will not issue any penalties or pursue any enforcement action against Carrington Capital Management, the company announced Wednesday.

Carrington was under SEC investigation for, among other items, its acquisition of failed subprime lender New Century Financial. The investigation dealt with how Carrington financed the $188 million deal, which relied in part on the firm issuing preferred securities to Carrington Investment Partners, LP, a fund managed by Carrington Capital Management.

The investigation also delved into the valuation of those preferred securities, which were used to finance the acquisition and operation of New Century’s mortgage servicing platform.

Read on.

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Mary McCulley: Still the $6 Million Woman

Deadly Clear:

This is terrific. Reading just the synopsis is extremely emotional. There is a movie here, Mary!

Originally posted on LIBERTY ROAD MEDIA:

Mary McCulley profile pic

That’s right.  Mary beat the bank.  Again.

In an appeal, U.S. Bank tried to get out of paying Mary McCulley the $6 million a Montana jury awarded her back in 2014.  Yesterday, the Supreme Court of Montana decided against U.S. Bank—they’re going to owe McCulley the $6 million, plus interest from the earliest possible date they could owe it, not the later one that had been bandied about.

Here is the Court’s own synopsis:

Mary McCulley bought a condominium in Bozeman and sought a 30-year, residential loan for $300,000 from Heritage Bank, which later merged with U.S. Bank. She later sued the Bank, alleging the Bank defrauded her by instead issuing an 18-month, $300,000 commercial loan, and failing to notify her of the change. When McCulley could not obtain refinancing and the condominium went into foreclosure, she attempted suicide. The jury found that the Bank defrauded McCulley and…

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‘Buyer beware': how the Federal Trade Commission redefined the word ‘free’ | OUP blog

Deadly Clear:

One can hope that this applies to “Free Shipping” offers that in the small print exclude Hawaii and Alaska …or only applies to the “contiguous 48 states” wherein you enter your credit card without finding the small print that you are going to be unreasonably charged (actually gauged) in extraordinary shipping rates that exceed USPS Priority Mail flat rates. Look out Avon, Blurb, and a ton of other companies that email Free Shipping offers – but not to you Hawaii or Alaska! Now maybe when we complain – the FTC will have added some teeth to the dispute!

Originally posted on Alina's Blog:

The FTC got off to a rocky start. In its early years, it was underfunded, hobbled by in-fighting among the commissioners, and was challenged regarding its mission to combat “unfair methods of competition.” In time, the commissioners came to view deceptive advertising as a means of unfair competition, falsely attracting customers from one’s competitors. But the courts were not always sympathetic to this idea. In 1925, the Third Circuit Court took a caveat emptor approach in the case of John C. Winston Co. v. Federal Trade Commission. The Winston Company offered consumers free encyclopedias but required buyers to pay $49.00 for “encyclopedic and research services.” The court wrote that “a very stupid person might be misled by this method of selling books, yet measured by ordinary standards of trade and by ordinary standards of the intelligence of traders, we cannot discover that it amounts to an unfair method of competition.” In order…

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PART I – CLUELESS KANGAROO – When the Court Jumps Over the Facts and Awards Foreclosure to the Banks

By Sydney Sullivan

PART I – CLUELESS KANGAROO

KANGAROO JUDGEWe see all sorts of cases in foreclosure defense and just as many judicial personalities… goofy decisions, irresponsible and / or clueless judges but this one takes the cake! You would think that if you’re going to have your case heard by a trial judge – that he would be required to have some knowledge on the subject, right? Apparently, not in Hawaii’s Second Circuit Court.

A few years ago it appeared that many judges were just not up to speed on the foreclosure scheme, but lately it seems like there has to be a higher ilk that commands lower court to squash the homeowner and if they can afford to appeal, maybe then they’ll be worthy of some justice. Otherwise, presented with the evidence, acknowledging the bad paperwork and still ruling against the homeowner would be crazy or corrupt… or maybe both. This appears to be a case that would certainly seem to fit that synopsis. Continue reading

Rescission: Putting the Pedal to the Medal — Window of Opportunity for Borrowers Might Close

Deadly Clear:

Thoughts or comments?

Originally posted on Livinglies's Weblog:

For further information or assistance please call 520-405-1688 or 954-495-9867.

The Pilot Program on rescission ends April 14.

==========================

TILA rescission procedures appear to apply to all loans. Whether the facts support TILA rescission is another matter. If you send a notice of rescission and you are incorrect about your ability to cancel the loan, then the bank can file an action within 20 days of receipt of the notice to file an action saying that the rescission should be blocked. Otherwise the rescission is effective by operation of law from the moment it is dropped in the mailbox. Not all closings are as clear as the banks would have the court think. While there are restrictions on when a borrower is entitled to cancel the loan, those are questions of fact that must be raised before the 20 day window expires. That’s how we see it and we think…

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A Requirement for Every Foreclosure Judge – Watch The Wolf of Wall Street

Deadly Clear:

It’s time to re-post a Deadly Clear favorite. Watch all the videos – if you haven’t seen the movie – rent it and then buy the book which has even more information. This is a true story and if you want to see just how corrupt Wall Street is – it is a must watch!

Originally posted on Deadly Clear:

By Sydney Sullivan

The Wolf of Wall Street - Sep 2013Without a doubt every foreclosure judge and any judge who has ruled in favor of the banks over duped homeowners should be required to watch The Wolf of Wall Street – not once but several times.

Every time the Courts consider ruling in favor of these decadent Wall Street creatures – they should be shoved into a room with a wide flat screen TV, handed a box of popcorn and ice cold Coca Cola and locked in there for 180 minutes – so they can see exactly what they are sustaining by ruling in favor of the banks.

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Will the California Supreme Court signal the resurrection of the American Homeowner throughout this Nation’s Courts?

SUNDAY on The Foreclosure Hour:

Will The California Supreme Court Restore The Evidentiary Due Process Rights Of American Homeowners, Finally Opening Up For Judicial Inspection The Underground Securitized Trust Banking System in the United States, When It Decides The Glaski, Yvanova, Keshtgar and Mendoza Appeals Pending Before It?  Don’t MissThis One!

Gary Dubin FHTHE FORECLOSURE HOUR
Sundays:  3 pm (HST) / 5 pm (PST) & 8 pm (EST) KHVH Radio Honolulu, Hawaii and on the Internet

Call toll free: (888) 565-8383

The topic for the Sunday, March 7th show:  Gary will address the most important question now before the entire foreclosure defense and securitized trust banking communities in the past fifteen years: Continue reading

Bill Black: We Send Teachers to Prison for Rigging the Numbers, Why Not Bankers? – New Economic Perspectives

Deadly Clear:

Teachers in prison won’t be able to organize and educate when they realize their pension funds are depleted by Wall Street unregulated securitization and rehypothecation gambling.

Originally posted on Alina's Blog:

A more general point is in order.  Atlanta is the culmination of destructive national trends and failing to mention Houston in the story was unfortunate.  First, the “reinventing government” movement decided the public sector was bad and the private sector was magnificent and said that the public sector should adopt private sector approaches including quite specifically “performance pay” based on quantitative measures.  This brought to the public sector the perverse incentives that were ruining the private sector and about to bring on Enron-era fraud epidemic and then the most recent three fraud epidemics.  Second, we were assured by proponents of the change that a concern for “reputation” would trump any perverse incentives.  What the proponents failed to see, of course, was that in both the private and public sectors the way to create a superb reputation was to report inflated data.  Reputation, instead of the “trump” ensuring good conduct, was…

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