First New York Securities LLC and Four Ex-Traders to Pay $435,000 in FINRA Sanctions Over Short Selling :: Stock Broker Fraud Blog
My research my forclosure auction for 12/11 2008 changed 12/30, 2009 When Foreclosur s were on hold. Can not find new auction date sold on 1/29/2009 recorded 2/11/2009 sold to Marburry Park Group LLC. no other information on foreclosure just received with 3 day eviction notice. No info on Marburry Park Group anywhere.
Friday, March 27, 2009
Wells Fargo, Goldman Sachs, JP Morgan Chase, Citigroup, UBS Securities, Bank of America, Moody’s Investment Services, and Fitch Ratings are Among Defendants Sued On Behalf of Wells Fargo Certificate Investors for Alleged Securities F
Wells Fargo, Goldman Sachs, JP Morgan Chase, Citigroup, UBS Securities, Bank of America, Moody’s Investment Services, and Fitch Ratings are Among Defendants Sued On Behalf of Wells Fargo Certificate Investors for Alleged Securitie
I was wondering why the homeowners were the only ones losing.I have to be out Monday I should be packing. I received a check today for 3800.22 From Chase Bank South West Security's No Note, or Reason, no phone.I don't really understand. Just a few personal Thoughts.Why is the Fed sending money to The Banks The ones That seem to be behind all of this Corruption.
I was wondering why the homeowners were the only ones losing.I have to be out Monday I should be packing. I received a check today for 3800.22 From Chase Bank South West Security's No Note, or Reason, no phone.I don't really understand. Just a few personal Thoughts.Why is the Fed sending money to The Banks The ones That seem to be behind all of this Corruption.
Wednesday, March 18, 2009
Los Angeles County-Search Results
Los Angeles County-Search Results: "ACWM.CO.LA.CA.US
AUDITOR.CO.LA.CA.US
FILE.LACOUNTY.GOV
LAPUBLICHEALTH.ORG
PLANNING.LACOUNTY.GOV
PORTAL.LACOUNTY.GOV"
REPORT AND RECOMMENDATIONS TO ADDRESS FORECLOSURES AND REAL ESTATE FRAUD Los Angeles County Assessor's Office -
NOTICE REQUIREMENTS IN PRIVATE FORECLOSURE ACTIONS
Federal American Recovery and Reinvestment Act (ARRA) Funding
http://housinq.lacountv.qov/) that
COMPREHENSIVE COUNTYIDE APPROACH TO DEALING WITH THE IMPACT
OF FORECLOSURES, REAL ESTATE FRAUD AND PREDATORY LENDING
PRACTICES
AUDITOR.CO.LA.CA.US
FILE.LACOUNTY.GOV
LAPUBLICHEALTH.ORG
PLANNING.LACOUNTY.GOV
PORTAL.LACOUNTY.GOV"
REPORT AND RECOMMENDATIONS TO ADDRESS FORECLOSURES AND REAL ESTATE FRAUD Los Angeles County Assessor's Office -
NOTICE REQUIREMENTS IN PRIVATE FORECLOSURE ACTIONS
Federal American Recovery and Reinvestment Act (ARRA) Funding
http://housinq.lacountv.qov/) that
COMPREHENSIVE COUNTYIDE APPROACH TO DEALING WITH THE IMPACT
OF FORECLOSURES, REAL ESTATE FRAUD AND PREDATORY LENDING
PRACTICES
Tuesday, March 17, 2009
Manipulation of the Appraisal
11621 Lull St I can not find recorded trustee sale notice NOT NOD Public auction is not a public auction if the public is not notified????? I was not told of the sale until I was given eviction notice
20 years ago I paid 169,000.00 sold for $192,000. estimated which doesn't mean anything 600,000 2 1/2 years ago. Just doesn't seam fair.
Transaction Not Included, Possible Trustee Sale ] ... These anomalies can include unusual document or transaction types, sales between possibly related parties, unusually high or low transaction prices, or other data irregularities that might indicate the transaction is not a full-value, arms-length
http://www.fatf-gafi.org/dataoecd/45/31/40705101.pdf
Manipulation of the Appraisal or Valuation of a Property.....................................
Under-valuation of Real Estate
Trust Accounts
Shell Companies ......................................................................................................................... 14
Property Management Companies ............................................................................................. 15
Non-trading real estate investment companies
Foreclosures 2009 update
Foreclosures
The Trustee must record a "Notice of Default" (NOD) in the county where the property is located. Recording the NOD commences the three-month "reinstatement period" in which the borrower may cure the default by paying all delinquent payments and late charges, plus Trustees' fees and expenses.
The Trustee must mail the borrower a copy of the NOD within 10 days of recording it.
After the three-month reinstatement period the Trustee can schedule a sale if:
The Trustee publishes a "Notice of Trustee's Sale" (NOTS) in a newspaper of general circulation in the county where the property is located. The NOTS must be published once a week for three consecutive weeks over a 20-day period.
Twenty days before the sale the NOTS must be mailed via registered or certified mail to the borrower.
Fourteen days before the sale the NOTS must be recorded in the county recorder's office.
The NOTS must be posted for at least 20 days in at least one public place in the city or judicial district or county of the sale.
The NOTS must be posted for at least 20 days in a conspicuous place on the property, on the front door if the property is a single-family residence.
The Trustee must record a "Notice of Default" (NOD) in the county where the property is located. Recording the NOD commences the three-month "reinstatement period" in which the borrower may cure the default by paying all delinquent payments and late charges, plus Trustees' fees and expenses.
The Trustee must mail the borrower a copy of the NOD within 10 days of recording it.
After the three-month reinstatement period the Trustee can schedule a sale if:
The Trustee publishes a "Notice of Trustee's Sale" (NOTS) in a newspaper of general circulation in the county where the property is located. The NOTS must be published once a week for three consecutive weeks over a 20-day period.
Twenty days before the sale the NOTS must be mailed via registered or certified mail to the borrower.
Fourteen days before the sale the NOTS must be recorded in the county recorder's office.
The NOTS must be posted for at least 20 days in at least one public place in the city or judicial district or county of the sale.
The NOTS must be posted for at least 20 days in a conspicuous place on the property, on the front door if the property is a single-family residence.
Calculated Risk: Foreclosure Sales and REO For UberNerds
Calculated Risk: Foreclosure Sales and REO For UberNerds: "If Lender invokes the power of sale, Lender shall execute or cause Trustee to execute a written notice of the occurrence of an event of default and of Lender’s election to cause the Property to be sold. [Tanta: this is the “NOD.”] Trustee shall cause this notice to be recorded in each county in which any part of the Property is located. Lender or Trustee shall mail copies of the notice as prescribed by Applicable Law to Borrower and to the other persons prescribed by Applicable Law. Trustee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law"
Thursday, March 12, 2009
Homeowners Rights: What are they?
Homeowners Rights: What are they?: "Blown Mortgage
Blowing the Lid Off the Mortgage Industry"
Blowing the Lid Off the Mortgage Industry"
Tuesday, March 10, 2009
California Courts: Forms: All Forms
California Courts: Forms: All Forms: "CIV-090CIV-0901/1/2008Offer to Compromise and Acceptance Under Code of Civil Procedure Section 998
CI
CI
JSTOR: The University of Chicago Law Review, Vol. 40, No. 1 (Autumn, 1972), pp. 206-228
Power of Sale Foreclosure after Fuentes
Monday, March 9, 2009
Homeowners, if they are unable to reinstate the loan by the end of the period on the notice of default, will then be sent a notice of sale of the property. This indicates when and where the house will be sold by the county at an auction to satisfy the delinquent mortgage. In most cases, the sheriff sale will be conducted at the county courthouse and there will be few other bidders besides the bank itself.
If the state has a redemption period after the sheriff sale has been conducted, homeowners will receive another notice informing them of their right to redeem and how long they have to do so. Some states have no redemption period, while others have from just a few months to a year for borrowers to attempt to save their home.
Banks must follow all of these notice requirements for the foreclosure process to be valid and legal. If it or the attorneys miss one or another notice, the homeowners may be able to contest the foreclosure for inadequacy of process and have the lawsuit thrown out or the sale halted. This would then require the mortgage company to begin the entire process all over again from the beginning.
If the state has a redemption period after the sheriff sale has been conducted, homeowners will receive another notice informing them of their right to redeem and how long they have to do so. Some states have no redemption period, while others have from just a few months to a year for borrowers to attempt to save their home.
Banks must follow all of these notice requirements for the foreclosure process to be valid and legal. If it or the attorneys miss one or another notice, the homeowners may be able to contest the foreclosure for inadequacy of process and have the lawsuit thrown out or the sale halted. This would then require the mortgage company to begin the entire process all over again from the beginning.
Redemption: only if Judicial Foreclosure
Timeline: around 120 days
Redemption: only if Judicial Foreclosure
Deficiency Judgments: only if Judicial Foreclosure
Judicial Foreclosure: Yes
Non-Judicial Foreclosure: Yes
Security Instruments: Deed of Trust, Mortgage
The Judicial Foreclosure process is rarely used in California . The Non-Judicial Foreclosure process is more common in California , and is used when there is a “power of sale” clause in the original loan documents. This clause authorizes the lender to sell the property in case of a default. If the loan documents specify the place, time, and terms of the sale, then those details must be adhered to. If they do not specify the time, place, and terms of the sale, then there are a series of guidelines that must be followed.
Redemption: only if Judicial Foreclosure
Deficiency Judgments: only if Judicial Foreclosure
Judicial Foreclosure: Yes
Non-Judicial Foreclosure: Yes
Security Instruments: Deed of Trust, Mortgage
The Judicial Foreclosure process is rarely used in California . The Non-Judicial Foreclosure process is more common in California , and is used when there is a “power of sale” clause in the original loan documents. This clause authorizes the lender to sell the property in case of a default. If the loan documents specify the place, time, and terms of the sale, then those details must be adhered to. If they do not specify the time, place, and terms of the sale, then there are a series of guidelines that must be followed.
How long does this process usually take?
From the time you miss your first payment to the final foreclosure sale its not uncommon for six months or more to pass. In some state this could be more and in others considerably less. It will also depend a great deal on your mortgage holder and how aggressively they pursue your case.
When in the foreclosure process do I have to move out of my house?
YOU DON'T!!!!!!!!! The foreclosure process even when followed through to completion only transfers ownership of the house from you to the high bidder. This transfer of ownership becomes complete at a closing following the foreclosure auction. After the auction you automatically become a tenant in the house you formally owned. At this point the new owner must follow the legal procedures in your state for eviction.
What is the eviction process?
When in the foreclosure process do I have to move out of my house?
YOU DON'T!!!!!!!!! The foreclosure process even when followed through to completion only transfers ownership of the house from you to the high bidder. This transfer of ownership becomes complete at a closing following the foreclosure auction. After the auction you automatically become a tenant in the house you formally owned. At this point the new owner must follow the legal procedures in your state for eviction.
What is the eviction process?
Buying Foreclosure Homes - Pros and Cons of Buying REOs
Buying Foreclosure Homes - Pros and Cons of Buying REOs
Even if you are the winning bidder at a foreclosure auction, doesn't always
mean that you will own the house. In fact, some states have what is referred to
as redemption laws. This means that delinquent borrowers are given extra time to
return their mortgages to good standing. If this happens the original owner will
keep his home and you will be out of luck.
It's also important to realize
that many people simply do not want to lose their homes. When served with an
eviction notice some will comply with the notice, but others will fight to stay
in their home. There are even cases where legal proceedings are brought against
the new buyers.
What Happens After Foreclosure? The redemption period is your opportunity to get your house back, even if it technically has a new owner.
What Happens After Foreclosure?
Do you want to know what happens after foreclosure? It may not be what you think. Most people assume that once a foreclosure happens, you have to leave your home immediately. However, this isn't always the case. Depending on what state you live in, you may still have some time left to redeem your home.
Some states have what is known as a redemption period. This period ranges from anywhere from a few days to a month or more, and it starts immediately after the foreclosure sale.
Do you want to know what happens after foreclosure? It may not be what you think. Most people assume that once a foreclosure happens, you have to leave your home immediately. However, this isn't always the case. Depending on what state you live in, you may still have some time left to redeem your home.
Some states have what is known as a redemption period. This period ranges from anywhere from a few days to a month or more, and it starts immediately after the foreclosure sale.
The redemption period is your opportunity to get your house back, even if it
technically has a new owner. You can't be evicted from your house during the
redemption period.
Save Your Home Before the Legally-Guaranteed Redemption Period Expires After Foreclosure
Save Your Home Before the Legally-Guaranteed Redemption Period Expires After Foreclosure
In certain states, homeowners have an extra period of time after the foreclosure auction in which they can save their homes. During this time, known as a redemption period, the bank can not start the eviction process or demand payment or try and force the owners out of the property in any other way. But when the owners run out of time and the redemption expires, there may be very few solutions remaining to stop the eviction.
Most states that have a redemption period after a foreclosure auction give homeowners extra time to stay in a property after the sale. The house is foreclosed on, then sold at a public auction, and then the homeowners have time afterwards in order to find a method to stop foreclosure, pay off the redemption amount, get a new loan, sell, or just save up money and move on. The eviction will not start until after the redemption has expired.
In certain states, homeowners have an extra period of time after the foreclosure auction in which they can save their homes. During this time, known as a redemption period, the bank can not start the eviction process or demand payment or try and force the owners out of the property in any other way. But when the owners run out of time and the redemption expires, there may be very few solutions remaining to stop the eviction.
Most states that have a redemption period after a foreclosure auction give homeowners extra time to stay in a property after the sale. The house is foreclosed on, then sold at a public auction, and then the homeowners have time afterwards in order to find a method to stop foreclosure, pay off the redemption amount, get a new loan, sell, or just save up money and move on. The eviction will not start until after the redemption has expired.
What Happens After Foreclosure? A Guide for Homeowners
What Happens After Foreclosure? A Guide for Homeowners
If your state has a Redemption Period, you will be able to use the time to raise the money to buy back the home. You may also be able to stay in the home for the entire length of the Redemption Period without making any payments.
California - 1 year
A Redemption Period is a time after the house has been auctioned to the highest bidder that the homeowner has to buy it back for the auction price. The time varies by state. In some places, it is as little as 3 days. In other states, it is a full year.
If your state has a Redemption Period, you will be able to use the time to raise the money to buy back the home. You may also be able to stay in the home for the entire length of the Redemption Period without making any payments.
California - 1 year
A Redemption Period is a time after the house has been auctioned to the highest bidder that the homeowner has to buy it back for the auction price. The time varies by state. In some places, it is as little as 3 days. In other states, it is a full year.
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