By Neil F. Garfield
EDITOR’S ANALYSIS: For those who have followed this Blog for any length of time, this news will come as no surprise. Ultimately, the proof and the relief sought by homeowners will come from investors who demand answers to what happened to their money when they purchased mortgage backed securities and pooled their money to fund mortgages.
The result is a pincer action, to put it military terms, where the creditors and the debtors are making the same allegations against the intermediaries who stole from both sides, “borrowed” the loss to claim Federal bailout money, and left both sides holding the bag. Continue reading “INVESTORS COMING OUT OF THE SHADOWS: BANKS’ WORST NIGHTMARE”
In a huge disclosure, Wells Fargo Bank has admitted that World Savings loans were securitized. This is a big move for homeowners strapped with Option ARM negative amortization loans. In recent months we have seen numerous endorsements on World Savings promissory notes showing that the notes were in fact endorsed to The Bank of New York. This is not an isolated incident as we now have 3 confirmed cases where World Savings notes were endorsed to The Bank of New York. Foreclosure defense lawyers have been seeking to know what this information means for their clients. These details are revealed in the LivingLies / Luminaq / AHC combo and in the DTC Systems Securitization Reverse Engineering and Failure Analysis for Lawyers (disclosure: DTC Systems provides their unique and premier Securitization Reverse Engineering and Failure Analysis and also provides services to Attorney Neil F. Garfield’s Securitization Report and Securitization Commentary, which is included in the LivingLies Combo).
Here is the original World Savings post: http://dtc-systems.com/world-savings-bank-loans-were-securitizated/
Lawyers CLE Workshop On Foreclosure Defense and Offense in Ft. Lauderdale, FL
By Daniel Edstrom
DTC Systems, Inc.
SEE LIVINGLIES BLOG FOR DETAILS ON THIS EXCITING REVISION AND IN-DEPTH UPDATE OF GARFIELD CONTINUUM
EARLY BIRD ($995) FOR AN ATTENDANCE PASS TO THE GARFIELD CONTINUUM CLE SEMINAR, 2 DAYS, CLE CREDITS VARY FROM STATE TO STATE, ESTIMATED AT 16 TOTAL CREDITS, 2.5 CREDITS ETHICS.
The PRESENTERS are Neil F Garfield, Esq., Jon Lindeman, Esq., Alex Goldovsky, Dan Edstrom, Lori Enriquez, James Macklin, and Beth Findsen, Esq..
Conference Pass – for Attorneys, includes lunch and seminar materials in digital format .
JUNE 25-26 – in FORT LAUDERDALE, FLA
Retail $1495, EARLY BIRD $995 UNTIL JUNE 15, RESERVE SEATING NOW, SPACE LIMITED
Membership $1395, EARLY BIRD $895 UNTIL JUNE 15, RESERVE SEATING NOW, SPACE LIMITED, Go to livinglies.wordpress.com for membership pricing
LAWYERS CLE WORKSHOP ON FORECLOSURE DEFENSE AND OFFENSE
Venue is to be determined
Sponsored by the GARFIELD CONTINUUM
SPONSORED IN PART BY WWW.LIVINGLIES.COM AND LIVINGLIES BLOG
This is a two-day seminar on litigation and negotiation of residential loans that are claimed to be securitized. Early registration is advised. Continue reading “LAWYERS CLE WORKSHOP ON FORECLOSURE DEFENSE AND OFFENSE”
Support Cameron/Baxter Films in support of Foreclosure Defense!
HELP KICKSTART the Foreclosure Crisis film “COPS ‘n ROBBERS vs THE PEOPLE: the Death and Rebirth of the American Dream”. Taking the High Road. This is a movie of the People, by the People, for the People. Join our Kickstarter.com backer community and INSPIRE AMERICA to its higher conscience! VALENTINE’S DAY DEADLINE. FEB. 14! http://kck.st/hLX9W5