Why Americans Are So Angry by Bernie Sanders, Independent Senator from Vermont Full article here: The rich are getting richer. Their effective tax rate, in recent years, has been reduced to the lowest in modern history. Nurses, teachers and firemen actually pay a higher tax rate than some billionaires. It’s no wonder the American people […]
How will our Arizona Supreme Court decide the certified questions in Vasquez? I don’t know, but let’s look to other state supreme courts deciding issues of notes, deeds of trust, mortgages and foreclosure in the last year or two. Obviously, there are varying questions before the respective courts, but the list is indicative of the […]
This whole settlement is suspect as it is occurring without any substantial investigation by the AGs. As Eliot Spitzer and other prosecutorial types have pointed out, the AGs haven’t subpoenaed any of the discovery they would need to ascertain the strength of their claims before giving them up. Chief among the elephants in the room is the effect of […]
NY Times article by Gretchen Morgenson has the details of the $108 million Countrywide settlement payout: “It is astonishing that one single company could be responsible for overcharging more than 450,000 homeowners, which is more than 1 percent of all the mortgages in the United States,” Jon Leibowitz, chairman of the trade commission, said in […]
Consumer Attorney Fires Back at BoA Attorney for Malicious Tactics Designed to Chill Consumer Lawsuits Against BoA Professor Katie Porter on the Free House Myth Florida Bar Opinion Reminds Lawyers That Duty of Candor to the Tribunal Doesn’t Disappear By Pulling Faulty Affidavits and Dismissing Foreclosure Suits Elizabeth Warren on the Cordray Appointment as Head of the […]
The AP reports in “Mortgage Robo-Signing Goes On“: In Michigan, the attorney general took the rare step in June of filing criminal subpoenas to out-of-state mortgage processing companies after 23 county registers of deeds filed a criminal complaint with his office over robo-signed documents they say they have received. New York Attorney General Eric Schneiderman’s […]
Journalist Scot Paltrow reports that Reuters conducted their own robo-signer investigation. This will come as no great shock to many, but the banks’ promises to cut out the shady practices (as though we had an apology-based justice system, oh wait, we do now, but only for some), they continue to submit trumped up assignments and foreclosure notices almost […]
Sheila Bair article by Joe Nocera for the New York Times magazine.
According to Living Lies, this was a recent Arizona order. The court denied a motion to dismiss the sale trustee (in AZ, a proper trustee should be dismissed or not sued, unless bad faith or a breach of the trust deed is alleged, but in many cases the status of the claimed trustee is in […]
Chain of title is crucial in these foreclosure cases, and it is insanity for courts to hold otherwise. The Nevada Supreme Court agrees, in construing Nevada’s mandatory foreclosure mediation statutes. Pasillas v HSBC Nev. SC July 7 2011 In Pasillas (above), the Supreme Court found that the district court should have sanctioned the loan servicer […]
Beth Findsen Attorney 