Friday, May 31, 2013

To Summarize My Assumption: SOMEONE IS STEALING HOMES!

Our messed up situation has unfolded to reveal what looks to be a "widely-known" fraud scheme in the untouchable world of big banks, yet effectively hidden from the public. Big Banks, are getting away with fraud (a felony) with NO LEGAL REPERCUSSION! This is just mind-blowing! If "a real person" tried to do what the Big Banks are getting away with, there would be prison time!

My intent is to pass this information to as many eyes that are willing to see and share it. Isn't it time that we quit allowing big banks (who wrote their top executives big bonus checks with our tax-payer dollars after the first bailout) to continue raping the American public?

Check out this article by Matt Taibbi:
http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104
In fact, the amount of money that eventually got spent on homeowner aid now stands as a kind of grotesque joke compared to the Himalayan mountain range of cash that got moved onto the balance sheets of the big banks more or less instantly in the first months of the bailouts. At the start, $50 billion of TARP funds were earmarked for HAMP. In 2010, the size of the program was cut to $30 billion. As of November of last year, a mere $4 billion total has been spent for loan modifications and other homeowner aid.

Read more: http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104page=2#ixzz2Uug65PGm Follow us: @rollingstone on Twitter | RollingStone on Facebook

American home-owners are losing their homes to foreclosure in record numbers. Not only is this sad and frustrating, but now I know what is really going on. There is no money exchanged when a bank "acquires" a home at foreclosure. The easiest way to understand it is: The Banks say they have the money to cover it, acquire the home and then sell it after foreclosure WITHOUT PAYING FOR THE HOME! Isn't this just what the big banks were doing before the bailout? They said they have the money to cover loans they issued (lending up to 300% of what they actually had) and then gambled on the stock market to make up the difference if they lost on the predatory loans they had issued without the assets to back the losses. Well, this is not exactly the same thing. Same concept: Banks using their "credit" to "cover" the homes they are "acquiring"in BULK at record numbers (any guesses on percentage of credit- I bet more than 300%). But this is different in that they get to LIE TO THE AMERICAN PEOPLE and "acquire" a home they did not actually hold the note for! In our situation, it looks like Bear and Stearns was the original note-holder. They went bankrupt in 2008. Chase bank then "acquired" the bankrupt Bear and Stearns entity while also accepting massive amounts of money to cover their losses- our taxpayer money! In essence, we have already paid the banks for these homes they are "acquiring." Why do they get to take homes (they didn't actually pay for or lend the money for in the 1st place) from troubled home-owners who should have received help from the bailout money? So, shouldn't Chase bank hold the note now? Remember Andre at Chase said he verified Chase was not the owner, but the servicer- for US Bank.

In our situation, as a renter, we have tried for EIGHT MONTHS to buy our home. Why have we not been able to? Because our situation is even more tangled!! Someone(s) at NDExWest are "robo-signing" fraudulent documents for foreclosed homes that the original lender/note-holder has gone bankrupt. If US Bank "acquired" our home, as the filed deed says, US Bank would have sold it to us. Since NDEx West is having all documents mailed to them, it looks like they currently hold the deed. Carrington and Roselena must have been hired by NDExWest, though we have been told by Chase Bank, Roselena and Carrington that they were hired by CHASE BANK! And the legal notices posted to our front door say Carrington is authorized to act on behalf of the owner: US BANK (who doesn't have any record of the property)! WTF?! My assumption: Someone(s)-"real people"- at Chase Bank, NDExWest, Carrington, and Roselena are all involved in STEALING HOMES!

Please help me spread the word, follow my blog and PLEASE give me advice and ask questions. I need help getting to the bottom of this. Not just for me, but for all of America who has had their home stollen, or may in the future.

“Unless someone like you cares a whole awful lot,
Nothing is going to get better. It's not.”

― Dr. Seuss, The Lorax

EDIT: I'm a little bummed that feedback is coming from people via Facebook, email and text vs. comments on this blog for all to see. Even so, to clarify further:

If you took a loan out (for a home, car, etc) and the "person/entity" you owed money to went bankrupt... Who do you now owe money too? NDEx West? Carrington? I didn't think so!

Thursday, May 30, 2013

Previous Assignments of the Deed of Trust

Both of these documents were filed on January 18, 2011 at 8:00am. The document numbers are sequential. One says granted to: Bank of America, the other says granted to: MERS. I assume BOTH are robo-signed. BOTH are recorded by request of LSI Title Company (another widely known participant in fraud) and MAILED TO: NDEx West LLC!

Where it says:

(If signed and notarized in California):
Then it is signed and notarized in Louisiana on the SAME DAY it was notarized and robo signed by Kirsten Bailey with a DELAWARE stamp!

How does that work??!! An shouldn't this have been signed in CA?!

Kirsten Bailey, Assistant Secretary for Mortgage Electronic Registration Systems (MERS) is also known for robo-signing false documents:
http://www.foreclosurehamlet.org/profiles/blogs/notary-false-andor-forged
http://www.foreclosureself-defense.com/2011/02/robo-signer/

Wednesday, May 29, 2013

HAT Scammers Busted- press releases

I forgot to share the press releases on the busted scammers! By the way: just over 400 page views in only 6 days! Please continue to share this info and click "Subscribe to" at the bottom of the page to get updates as I post them :)

I know this one is hard to see. It basically says the same thing as the one that follows, but you can click on this link to see it too.
http://www.fbi.gov/washingtondc/press-releases/2013/two-perpetrators-of-nationwide-foreclosure-rescue-scam-walk-away-today-plead-guilty

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Home • Washington • Press Releases • 2013 • Two Perpetrators of Nationwide Foreclosure Rescue Scam ‘Walk Away Today’ Plead Guilty

Two Perpetrators of Nationwide Foreclosure Rescue Scam ‘Walk Away Today’ Plead Guilty

U.S. Attorney’s OfficeMay 10, 2013

Eastern District of Virginia(703) 299-3700

ALEXANDRIA, VA—Mark S. Farhood, 49, formerly of San Diego, California, and Jason S. Sant, 37, of Lecanto, Florida, pleaded guilty today to conspiracy charges in connection with their operation of a nationwide online foreclosure rescue scam that went by various names, including Home Advocate Trustees and Walk Away Today, and used various websites, including walkawaytoday.org and sellfastusa.com, to deceive hundreds of vulnerable, distressed homeowners into surrendering their properties to the company.

Neil H. MacBride, United States Attorney for the Eastern District of Virginia; Christy L. Romero, Special Inspector General for the Troubled Asset Relief Program, or SIGTARP; and Valerie Parlave, Assistant Director in Charge of the FBI’s Washington Field Office, made the announcement after the pleas were accepted by United States District Judge Anthony J. Trenga. Farhood and Sant each face a maximum penalty of 30 years in prison when they are sentenced on August 2, 2013, and August 9, 2013, respectively.

According to court records, Farhood and Sant co-owned Home Advocate Trustees, which also went by the names Walk Away Today, First Equity Trustees, Home Security Consultants, Sell Fast USA, Short Sale Buyer, USA Sell House Fast, and USA Rental Housing. They marketed the businesses nationwide as purchasers of distressed real estate and a means by which vulnerable homeowners could avoid foreclosure and the accompanying negative effects on their credit. The companies told homeowners they were in the business of negotiating with lenders to purchase mortgage notes at a discount and falsely claimed to have been in business for 17 years, to have experienced a 90 percent success rate in purchasing such notes, and to be the nation’s largest volume buyer of short sale and over-leveraged real estate.

As Sant and Farhood admitted in connection with their pleas, the businesses were a fraud, no such negotiations with lenders ever took place, and the scheme was merely a way for them to take possession of hundreds of residential properties, including homes within the Eastern District of Virginia, at virtually no cost and then reap millions of dollars in profits by renting the homes to unsuspecting tenants.

Farhood and Sant further admitted that as part of the scheme, they submitted fraudulent loan modification applications to mortgage lenders under the U.S. Department of the Treasury’s Home Affordable Modification Program (HAMP) in the name of homeowners, without the homeowners’ knowledge or consent. Farhood and Sant used the fraudulent applications to stall foreclosures on the properties under their control and for which no mortgage payments were being made and to maximize the time period during which they could collect rental income.

The homes purportedly sold to Home Advocate Trustees and its related entities ended in foreclosure, harming the participating homeowners and commonly resulting in eviction of the tenants.

This ongoing investigation is being conducted by SIGTARP and the FBI’s Washington Field Office. Assistant United States Attorney Paul J. Nathanson is prosecuting the case on behalf of the United States.

A copy of this press release may be found on the website of the United States Attorney’s Office for the Eastern District of Virginia at http://www.justice.gov/usao/vae.

http://www.sigtarp.gov/Press%20Releases/Farhood_and_Sant_Plea_Press_Release.pdf

FOR IMMEDIATE RELEASE Media Inquiries: 202-927-8940

Tuesday, May 14, 2013 Twitter: @SIGTARP

Web: www.SIGTARP.gov

PERPETRATORS OF NATIONWIDE FORECLOSURE RESCUE SCAM

PLEAD GUILTY TO FRAUD

Perpetrators Submitted Fraudulent HAMP Applications to Advance Their Scheme

WASHINGTON, DC – The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) today announced that Mark S. Farhood, 49, formerly of San Diego, Calif., and Jason S. Sant, 37, of Lecanto, Fla., pleaded guilty on Friday to conspiracy charges in connection with their operation of a nationwide online foreclosure rescue scam that went by various names, including Home Advocate Trustees and Walk Away Today, and used various websites, including walkawaytoday.org andsellfastusa.com, to deceive hundreds of vulnerable, distressed homeowners into surrendering their properties to the company. The pleas were accepted by United States District Judge Anthony J. Trenga.

“For nearly five years, in a nationwide scheme, Farhood and Sant personally profited from desperate homeowners and exploited TARP’s housing program, HAMP,” said Christy Romero, Special Inspector General for TARP (SIGTARP). “After swindling vulnerable homeowners out of their homes with false promises of taking over ownership, Farhood and Sant rented the properties to tenants unaware of the scheme. As the properties eventually fell into foreclosure, Farhood and Sant filed fraudulent HAMP mortgage modification applications without the true owners’ knowledge, temporarily halting foreclosure proceedings, in order to continue receiving rent payments on the properties. Taking advantage of those struggling most in the midst of our nation’s financial crisis and exploiting the federal government’s response to the crisis will not be tolerated. SIGTARP and our law enforcement partners will hold perpetrators of fraud schemes related to TARP accountable for their actions.”

According to court records, Farhood and Sant co-owned Home Advocate Trustees, which also went by the names Walk Away Today, First Equity Trustees, Home Security Consultants, Sell Fast USA, Short Sale Buyer, USA Sell House Fast, and USA Rental Housing. They marketed the businesses nationwide as purchasers of distressed real estate and a means by which vulnerable homeowners could avoid foreclosure and the accompanying negative effects on their credit. The companies told homeowners they were in the business of negotiating with lenders to purchase mortgage notes at a discount and falsely claimed to have been in business for seventeen years, to have experienced a 90% success rate in purchasing such notes, and to be the nation's largest volume buyer of short sale and over-leveraged real estate.

Farhood and Sant further admitted that as part of the scheme, they submitted fraudulent loan modification applications to mortgage lenders under the U.S. Department of the Treasury’s Home Affordable Modification Program (“HAMP”) in the name of homeowners, without the homeowners’ knowledge or consent. Farhood and Sant used the fraudulent applications to stall foreclosures on the properties under their control and for which no mortgage payments were being made and to maximize the time period during which they could collect rental income.

The homes purportedly sold to Home Advocate Trustees and its related entities ended in foreclosure, harming the participating homeowners and commonly resulting in eviction of the tenants.

Farhood and Sant each face a maximum penalty of 30 years in prison when they are sentenced on August 2, 2013, and August 9, 2013, respectively.

This ongoing investigation is being conducted by SIGTARP and the Federal Bureau of Investigation’s Washington Field Office. Assistant United States Attorney Paul J. Nathanson is prosecuting the case on behalf of the United States in the Eastern District of Virginia.

This prosecution was brought in coordination with President Barack Obama’s Financial Fraud Enforcement Task Force, which was established to wage an aggressive and coordinated effort to investigate and prosecute financial crimes. SIGTARP is a member of the task force. To learn more about the President’s Financial Fraud Enforcement Task Force, please visit www.StopFraud.gov.

About SIGTARP

The Office of the Special Inspector General for the Troubled Asset Relief Program investigates fraud, waste, and abuse in connection with TARP.

To report suspected illicit activity involving TARP, dial the SIGTARP Hotline: 1-877-SIG-2009 (1-877-744-2009).

To receive alerts about quarterly reports, new audits, and media releases issued by SIGTARP, sign up atwww.SIGTARP.gov/pages/press.aspx. Follow SIGTARP on Twitter @SIGTARP.

Tuesday, May 28, 2013

Waiting...

It only takes 15 minutes to read from the beginning and it may save someone you know from months of heartache and anguish. Please share and FOLLOW my posts! This is my first blog and am learning as I go.

I would love to know if anyone is experiencing or has experienced something similar? Advice?

Anyone know anyone willing to help with legal action? We have had no luck talking with countless lawyers. "The bank" is banking on renters who do not have $20k+ to defend themselves or even more money to sue. This is just WRONG! We will defend ourselves in court, but it would be nice to have someone that is familiar with foreclosure fraud cases on our side.

Keep in mind: Our lease is valid thru March of 2014. I bet this blog will continue after that date.

Saturday, May 25, 2013

Robo-Signing

Please see this link that illustrates How Foreclosure Fraud Works: http://butlerlibertylaw.com/foreclosure-fraud/
After opening the above link you can access links to 60 minutes episodes CBS aired on robosigning as well as other links. Be sure to check them out!

I copied and pasted this section on "robo-signing" so everyone realizes what the term means:

Record Title and Legal Title

Virtually all 62 million securitized notes define the “Noteholder” as “anyone who takes this Note by transfer and who is entitled to receive payment under this Note…” Very few of the holders of securitized mortgages can establish that they both hold (have physical possession of) the note AND are entitled to receive payments on the notes. For whatever reason, if a Bailout Bank has possession of an original note, it is usually endorsed payable to the order of some other (often bankrupt) entity.

If you are a Bailout Bank and you have physical possession of an original securitized note, proving that you are “entitled to receive payment” on the note is nearly impossible. First, you have to explain how you obtained the note when it should be in the hands of a PSA Trustee and it is not endorsed by the PSA Trustee. Second, even if you can show how you obtained the note, explaining why you are entitled to receive payments when you paid nothing for it and when the Fed may have satisfied your original creditors is a very difficult proposition. Third, because a mortgage is security for payments due to the noteholder and only the noteholder, if you cannot establish legal right to receive payments on the note but have a recorded mortgage all you have is “record” title to the mortgage. You have the “power” to foreclose (because courts trust recorded documents) but not necessarily the legal “right” to foreclose. Think FNBER v. IMS.

The “robosigner” controversy, reported by 60 Minutes months ago, is a symptom of the banks’ problem with “legal title” versus “record title.” The 60 Minutes reports shows that Bailout Banks are hiring 16 year old, independent contractors from Backwater, Georgia to pose as vice presidents and sign mortgage assignments which they “record” with local county recorders. This is effective in establishing the Bailout Banks’ “record title” to the “mortgage.” Unlike real bank vice presidents subject to Sarbanes-Oxley, Backwater 16-year olds have no reason to ask: “Where is the note?”; “Is my bank the noteholder?”; or “Is my Bank entitled to receive payments on the note?”

The Federal Office of the Comptroller of the Currency and the Office of Thrift Supervision agree with this analysis. In April of 2011 the OCC and OTS reprimanded the Bailout Banks for fraudulently foreclosing on millions of Average Joe’s:

…without always ensuring that the either the promissory note or the mortgage document were properly endorsed or assigned and, if necessary, in the possession of the appropriate party at the appropriate time…

The OCC and OTS further found that the Bailout Banks “failed to sufficiently oversee outside counsel and other third-party providers handling foreclosure-related services.”

Finally, Bailout Banks consented to the OCC and OTS spanking by admitting that they have engaged in “unsafe and unsound banking practices.”

In these “Order and Consent Decrees,” the OCC and the OTS reprimanded all of the usual suspects: Bank of America, Citibank, HSBC, JPMorgan Chase, MetLife, MERSCorp,PNC Bank, US Bank, Wells Fargo, Aurora Bank, Everbank, OneWest Bank, IMB HoldCo LLC, and Sovereign Bank.

Although the OCC and OTS Orders are essentially wrist slaps for what is a massive fraud, these orders at least expose some truth. In response to the OCC Order, the Fannie/Freddie-created Mortgage Electronic Registration Systems (MERS), changed its rules (see Rule 8) to demand that foreclosing lawyers identify the “noteowner” prior to initiating foreclosure proceedings.

"Housecleaning" up a Fraudulent Mess