SEE ALSO taking-2nd-mortgage-to-pay-the-foreclosure-lawyer
DETAILS ON TELECONFERENCE: lawyer-client-job-fair-by-teleconference-spread-the-word
The main problem confronting homeowners who have been the victims of fraudulent and deceptive lending, leading to title problems caused by DEFECTIVE documents that have been recorded, is that there are not enough lawyers who are willing to take these cases. The lawyers are of course concerned with how they can get paid. But several models have emerged that are very successful. Let’s remember that the lawyers on the other side made tens of millions of dollars prosecuting defective foreclosures using defective documentation. It should not be difficult to see the likelihood of your success on behalf of clients in the context of the hundreds of articles and analyses that have been published and discussed in newspapers, magazines, TV, radio, and the Internet. The prospective market for these services is at least 20 million households nationwide. There is no larger or better opportunity for lawyers to be of service to their communities and no better opportunity, in my opinion, to earn money.
One of the obstacles to getting lawyers interested in taking these cases has been their own uncertainty about the merits of the defenses. They are also concerned about the unpaid investment of their time in learning about securitization and title defects caused by mortgage practices over the last 10 years. Most of what they thought they knew about mortgages does not seem to apply. This creates uncertainty which in turn leads to ambivalence. Of course those lawyers who have not been involved in foreclosure defense and foreclosure offense (for damages, correction of principal, or equitable relief) are unaware of the many support services that essentially do the intake and preparation of the file. This blog promotes several of those services and there are hundreds of other firms that provide litigation support.
This blog receives no less than 25 inquiries per day seeking representation by counsel. The assumption that these homeowners do not have money is usually incorrect. They’re usually able to pay a retainer and a monthly fee. And now there is the prospect of a contingency fee which might be protected by a junior lien on the property. The number of inquiries per day would certainly increase if we had a viable way to connect the right lawyer to the right client. While we are working on automating this process the needs of many clients are not being met. So I have set up a telephone conference for three hours on Tuesday for prospective clients and prospective lawyers to make connections.
Lawyers who wish to participate in this open access conference can, if they want to, send contact information that will be published on the blog at no charge. Whether you participate in the telephone conference or not, any lawyer who wishes to provide current contact information and who is willing to accept clients seeking defense or relief from the consequences of these mortgages, I will publish your information on the blog at no charge. If this venue works I will repeat it. I will appear at the beginning of the conference and perhaps periodically during the three hours of open access. Please post your comments regarding this effort on the blog.
I would also suggest, that while I have not been able to offer any new workshops lately, there are two people who are heading up that effort right now and doing a good job of teaching several strategies in connection with these cases. While there are differences of opinion that might exist between them and I, the overall importance of their workshops and seminars cannot be under-stated: I refer to Max Gardner and April Charney. Just Google them and you’ll get to see when their next workshop is coming up.
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud |
I told you so…Not for notoriety or for posterity. I told you so for a reason. You write about things that are not relevant. You consider things that have little meaning and or effect on the cause. People attack the purveyor of the news needed to gradually win back a home. If it’s too hard to understand and too difficult to comprehend, you nail him up.
There are a series of dominos dropping and now they will fall faster and faster. Are you remedies and rights done with? No
No way.
If your clueless to the things I have spoke of in past publishing – Derecognition, SOP FAS140, 1122AB, Derivatives and beneficial interests, MERS, Basis accounting in assets held, mark to marketability, financial versus beneficial interests….You’re in trouble.
This is a sector of finance way too many people tried to learn and profit from by taking advantage of others. THEY WERE NOT EQUIPTED TO DO WGHAT THEY DID. These Audits i never believed were worth anything and the government told you this.
Robo signatures, pretender benders, fender lenders, protest and molest to digest, Cream of Wheat…. There is nothing there. And know this – YOU WILL NEVER PROSECUTE THE CULPRITS (sorry Raja)
You will never prosecute a Robo Bobo Signature. Karl Kop is another attorney who took a lot of heat fighting the good fight. We both never relinquished our storylines…and now look where we are.
As Kop said today, they (government) are really thinking they can immunize the culprits here for criminal acts and allow the criminal conduct to stand in threes decisions. Judge after judge and court after court across this nation failed us. They did not want to hear us.
Wow. What a judicial mess I see coming on the State court and yes, time to let some Judges go home.
I have at least a dozen affirmative defenses for the preemptive strike coming January 1st 2011. Obama will announce MERS is federalized and now on par with Fannie and Freddie. But that’s okay. There are still a landslide of opportunity and hope for saving homes and receiving settlements for these acts. It’s no longer about civil torts or tortuous interference, Mis Joinder of Parties, Estoppels and laches.
Now it’s about exposing the process for what it really is. Securitization rewards borrowers who do not make the payments – it’s a fact. And on the back side it has to repurchase the loan which violates FAS 140. And that process on a credit bid is a sham.
msoliman
expert.witness@live.com
I am a Nevada (Las Vegas) attorney who just starting representing some clients in litigation in this area. I have been suprised that in surfing the various sites re lender/fc fraud I see very little participation from Nv attys or mention of Nevada given we have been one of the hardest hit in relation to the sheer numbers of foreclosures. Have I just missed them?
I have a theory that may be uniquely useful in NV (and WA as well I believe). It involves the “deed of trust follows the note” argument that has been touted by the institutions and judiciary and which seems to me will likely get even more play in the furture as these defendants appear to be increasingly showing up at the last minute with blank note endorsements and need the adage to avoid the consequences of thier repeated inability to show a proper assignment of the DT. I would love some private feedback on my thoughts before public posting of the same due to a sense of intellectual responsibility (or insecurity!) and, call me paranoid, but would not want to give defendants in these non-judicial fc states a jump start in preparing their way around the potential argument.
If anyone is interested in shooting some ideas back and forth, please feel free to email me at angela_bello5@msn.com. (Please include your bar number!)
ALSO with regards to the comments posted above as to earning income, getting paid etc in these cases, I would like to point out that NV allows the assertion of special damages in the form of atty fees for dec actions, injunctive relief (and slander of title). It seems to me that when you have out of order assignments and substitutions recorded (which is so often the situation from what I am seeing here in NV) the courts should have no problem finding the institution’s actions in this regard necessitated the filing and award the fees as part of its decision on these particular causes of aciton–regardless of what its underlying decision eventually is on these or any other claims that may also be asserted (i.e, deceptive trade practices, fraud etc). Of course, the hope is that the Court will also be inclined to award punitive damages on these actions as well, given we should be able to show the institutions knew this order of recording had necessitated hudreds if not thousands of suits by confused homeowners yet continued to engage in this practice. Is anyone aware of anything caselaw that prevents punitive damages in relation to a Dec action? If so, I would appreciate the heads up.
GREAT. Keep up the good work!
You are right. I know several who need to connect with the right attorneys.
mr. Garfield I went to an attorney here in missouri, referred to me by the mo, bar association, now he has had my paperwork for a “Quiet Title Action Suit” for over a week, and i have made two telephone calls after the first 5 business days, he has yet to call me back, i think this law firm or lawyer does not get it, if you know of any good and honest attorney or law firm in the state of missouri who can and will file my suit, i can and will pay up front, thanks, larry (417) 833-3358 or lwalker1230@peoplepc.com
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Karl Denninger in Foreclosuregate…Here Come The Depositions
Posted on November 8, 2010 by Foreclosureblues
osted 2010-11-08 11:58
by Karl Denninger
in Foreclosuregate
Here Come The Depositions
Gee, there’s nothing wrong here with this sort of signing of documents, right?
About 30 minutes worth….. repeated admissions that she’s signing as a “witness”, but she never actually witnesses anything – she’s signing documents as a witness that she never witnessed. (10:00, roughly, first video, and right in the front of the second video, and well into it….)
Naw, there’s nothing wrong with submitting hundreds (thousands?) of documents to a court in which you claim to have witnessed a signature when you really didn’t……
It’s also ok that a person who has such limited knowledge of the English language that they do not understand what the words “For good and valuable consideration” means when signing as a witness. Or, for that matter, what the words “effective date” mean. Yes, really (~4:00 to 5:30, second video.)
It’s also ok that this person’s signature has been scanned into a computer and used as if an original?
It’s ok to testify that you never sign as a “Vice President”, then you’re shown a document where you have indeed signed as a Vice President…. of course, the problem here is that she doesn’t understand and read enough English to know what she’s doing – she’s simply been paid to sign her name anywhere it appears. (~7:00 into the second video)
This is what passes for due process of law in this country. These are “technical deficiencies” in paperwork.
We don’t actually have companies exploiting immigrants to this nation who have extremely-limited understanding and comprehension of the English language to utter documents attesting to false facts, right?
This most-certainly is not evidence of an organized conspiracy to defraud the courts, defraud the people, and steal homes, right?
How much more of this crap will we tolerate America?
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Is An ATM Cash Shortage Coming?
Posted on November 8, 2010 by Foreclosureblues
Is An ATM Cash Shortage Coming?
Today, November 08, 2010, 34 minutes ago | Tyler DurdenGo to full article
While we have no way to confirm or refute the validity of this statement presented by a supposed ATM business insider on Steve Quayle.com, it does bring up an interesting point regarding how banks may be conserving “petty cash.” Of course, if this perspective is true, it validates concerns about bank capitalization, and explains the reason why the FDIC recently expanded insurance on checking accounts from $250,000 to infinity in an attempt to get Americans to put their money in their friendly naighborhood bank. Of course, that this contradicts everything that the Fed Chairman is trying to do by getting Americans to spend (or buy Netflix at a 1,000 P/E) instead of putting the money in the bank, is precisely the reason why Sheila Bair’s relationship with Geithner and Bernanke is, shall we say, tenuous.
From Steve Quayle:
“George, I work with a business partner in the [region redacted] . We have combined between us 180 ATM machines that we service, Cash Load. In order to do this we NEED to order the money, 20′s only from several banks on a weekly basis. This is a considerable amount weekly, 380k plus. Here is the interesting piece that is developing: In the past several weeks 4 of the MAJOR banks have informed us that they can no longer provide us with the cash for our business. Now the problem is that it is OUR money we are taking out!
So speaking with bank “personnel” on the side my question was this, what is going on? how come we cannot take OUR money out? Answer: “they” are not authorized to hold, carry or have on hand anymore more than a certain amount of cash on hand! The amount we are getting, even though it is out of our account, they cannot order or have on hand that amount of cash at any time now. I am not talking small banks…large banks [large money center bank in America name redacted] etc…!
We can see our ability to keep these machines with available cash is becoming more and more difficult. This has taken place just in the past few weeks. By the way, these banks were willing to lose our full business due to this issue. Trying to work with smaller banks now…we will see how long!”
h/t Kyle
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ATTORNEY…How Loan Modifications Cause Foreclosure
Posted on November 8, 2010 by Foreclosureblues
How Loan Modifications Cause Foreclosure
Today, November 08, 2010, 12 minutes ago | Mark StopaGo to full article
It’s bad enough that the loan modification process is not helping homeowners as intended, a failure I’ve reported in this blog many times. Unfortunately, it’s even worse than that. As numerous media outlets are now reporting, and as I’ve seen in my daily practice as a foreclosure defense attorney in Florida, temporary loan modifications often *cause* a homeowner who was otherwise not behind on mortgage payments to go into foreclosure.
The New York Times has a real-life story, but here’s the simplified version:
The homeowner is making monthly mortgage payments as required, but finances are tight. The homeowner asks the bank for a loan modification. The bank says it needs to review the homeowner’s financial information to make a decision, but agrees to a temporary modification while the application is being reviewed. The homeowner’s payments are temporarily reduced from $1,500/month to $1,000, pending the review process, which the bank says should take a couple of months. The homeowner diligently makes the $1,000 payments each month and anxiously awaits approval on the permanent modification. The process seems simple enough, so the homeowner is optimistic.
Two months turn into six, then eight, then ten. The homeowner keep making the required $1,000/month payments, never imagining it would drag on this long. The homeowner keeps calling, and the bank keeps saying the permanent modification is being reviewed. Then, bam. The bank rejects the permanent modification, without explanation (or a flimsy explanation that shouldn’t have taken 10 months to disclose). But instead of telling the homeowner to resume the $1,500/month payments, the bank requires the homeowner pay all of the arrearages. In other words, the $500/month that the homeowner didn’t have to pay while the modification was being reviewed – those monies need to be paid, all at once, in one lump-sum, plus interest, late fees, attorneys’ fees, etc. When the homeowner can’t/doesn’t pay that $7,500 lump sum (10 months x $500/month = $5,000, plus $2,500 estimated interest, late fees, etc.), the bank pursues foreclosure.
This sounds impossible to believe, but this phenemonon is happening to homeowners all across the country. Please, don’t fall prey to such “gotcha” tactics.” Retain a foreclosure defense attorney to assist you through this process.
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SEC Probes Citigroup Bond Funds
Posted on November 8, 2010 by Foreclosureblues
SEC Probes Citigroup Bond Funds
Today, November 08, 2010, 4 hours ago | Hugh CollinsGo to full article
The SEC subpoenaed several former in-house brokers as part of an investigation of Citigroup (C) debt funds.
The funds in question borrowed heavily and invested in mortgage bonds and municipal bonds, The Wall Street Journal said without naming its sources. The funds’ value slumped by as much as 77% during the financial crisis, leading Citigroup to offer share buybacks that would reduce investor…Continue reading SEC Probes Citigroup Bond Funds
SEC Probes Citigroup Bond Funds originally appeared on DailyFinance on Mon, 08 Nov 2010 07:19:00.
Filed Under: Company News, Citigroup, Market News
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Ohio GMAC Foreclosure Case May Set Anti-Wall Street Precedent…BLOOMBERG
Posted on November 8, 2010 by Foreclosureblues
Ohio GMAC Foreclosure Case May Set Anti-Wall Street Precedent
By Michael Riley – Nov 7, 2010 11:00 PM CT Mon Nov 08 05:00:01 GMT 2010
Ohio GMAC Foreclosure Case May Set a Precedent
The office complex of GMAC Mortgage. Photographer: Bradley C. Bower/Bloomberg
When James Renfro had to stop making payments on his two-story fixer-upper in Parma, Ohio, a suburb of Cleveland, he triggered events that were supposed to result in the forced sale of his home.
That Nov. 15 auction has been canceled because of defects in documents submitted by his loan servicer, Ally Financial Inc.’s GMAC Mortgage unit. Two affidavits about Renfro’s home were signed by Jeffrey Stephan, a GMAC employee who said in sworn depositions in Florida and Maine that he hadn’t read thousands of affidavits he’d signed.
Renfro’s case has created a showdown between GMAC and Ohio’s Attorney General Richard Cordray. Cordray has asked Cuyahoga County Court of Common Pleas Judge Nancy Russo not to let GMAC simply submit new documents to cure defects without consequences. He’s taken the same stand against Wells Fargo & Co., which has said it found defects in 55,000 foreclosures.
“This is just the first,” said Cordray, who has filed an amicus or friend-of-the-court brief in the Renfro case. The judge will consider Cordray’s views today in Cleveland. Cordray will ask Russo to punish GMAC, the fourth-largest U.S. mortgage lender, for its conduct, he said in an interview.
The precedent set by the case might hasten a settlement between home lenders and the attorneys general of the 50 U.S. states, who are investigating allegations of fraud in foreclosure filings. Those being probed include San-Francisco- based Wells Fargo, which has said it will re-file foreclosure affidavits involving statements that “did not strictly adhere to the required procedures.”
Thousands of Cases
In potentially thousands of cases across the U.S., judges have the power to impose “sanctions, penalties, fines and even default,” as the banks try to submit substitute paperwork to proceed with flawed foreclosures, Cordray said.
“The banks want to wish this away and pretend like it doesn’t exist,” he said.
Detroit-based Ally briefly suspended foreclosures in all 50 states in September. After a review, the company began reinstating proceedings in cases it said didn’t involve errors.
“The underlying facts of default in this case are not in dispute,” Jim Olecki, a spokesman for Ally, said of the foreclosure of Renfro’s home. “We only pursued foreclosure after all other home preservation options had been exhausted.”
Ally disputes assertions Cordray made in his amicus brief in the Renfro case.
“To date, we have found no evidence of any inappropriate foreclosures,” Olecki said.
Wells Fargo’s View
Tom Goyda, a spokesman for Wells Fargo, said the lender would go ahead with plans to re-submit thousands of affidavits in cases nationwide, including Ohio. When judges seek information on documents already filed, “we will work with them to meet their concerns,” Goyda said.
The 50-state investigation is focused on uncovering the scope of tainted foreclosures, including how many so-called robo-signers processed documents they didn’t review, Cordray said. So far, investigators have identified “double figures of robo-signers” working on behalf of lenders such as JPMorgan Chase & Co. and Bank of America Corp., he said.
Such banks are conducting their own reviews to spot errors and determine how many cases with defects are involved. GMAC’s Stephan testified to signing as many as 10,000 documents a month. New York-based JPMorgan initially suspended foreclosures in 23 states affecting 56,000 cases to review potentially faulty documents.
Among the least appealing scenarios for the lenders is that affected cases will have to be examined, like the Renfro case, in individual courtrooms across the country, with the possibility of thousands of judges deposing robo-signers and other loan processing officials.
‘Irregularities’
GMAC said in a filing withdrawing the sale of Renfro’s four-bedroom home from auction that “verification irregularities may have occurred.” Judge Russo said in an interview that until hearing the evidence, she has no way of telling whether the documents represent an error, negligence, or fraud, and that other judges will have to make the same time- consuming inquiries.
“If Ohio has 10,000 of these cases, there should be 10,000 hearings,” Russo said. “I’m sympathetic to the fact that it’s onerous for the lenders, but I still have to do my job.”
The judge said she will hear arguments related to the integrity of the documents and may decide to allow depositions of individuals who signed affidavits in the case at a subsequent hearing. If she determines the circumstances rise to the level of fraud, GMAC could be found in contempt of court, Russo said.
“You’ll probably have different resolutions in different cases from different judges,” she said. “This is not going to be solved in a couple of months. The long-term effects are phenomenal.”
Russo’s Court
Russo’s court on the 18th floor of Cleveland’s sprawling Justice Center has been inundated with foreclosures as the city’s declining economy was exacerbated by the subprime mortgage crisis. A projected 12,553 foreclosures will be filed in surrounding Cuyahoga County in 2010, the most of any county in Ohio.
One of those cases already filed involved Renfro’s house on Klusner Avenue, which he purchased in 2005 for $114,900. An affidavit in support of a summary judgment motion to authorize foreclosure was done by Stephan, who is identified as a limited signing officer for GMAC Mortgage LLC.
Five Months Behind
Renfro had fallen five months behind in his payments by the time GMAC, the loan servicer for U.S. Bancorp, moved for foreclosure early this year, he said. An effort to reach a settlement with the lender failed because of Renfro’s high credit-card and other debt, and his $22,000 a year salary as an auto mechanic, according to Harold Williams, Renfro’s lawyer, an attorney for the Legal Aid Society of Cleveland.
“Once you get so far down, it’s such a struggle to get back up,” said Renfro, 36, who lives in the house with his girlfriend, step-son and seven-year-old daughter, who is deaf.
The nearby school is one of only two in the metro area that can provide Renfro’s daughter with a sign-language translator during the school day, he said.
“It’s quiet,” said Renfro, who is following the GMAC- Cordray battle in Russo’s court. “If something finally goes my way, it will be such a relief. There’s a park at the end of the street. I wanted a safe sidewalk so she could ride her bike. Normal, typical things, I guess. I’m just trying to get back on track.”
New Guidelines
Judges in Russo’s jurisdiction last week drafted new guidelines for dealing with robo-signers, following similar efforts in states such as New York. Under the new rules, attorneys for lenders would have to sign an affidavit swearing that they have communicated with a representative of the party seeking foreclosure and have been informed that an official “has personally reviewed the documents and records relating to this case,” according to a draft copy.
The policy will apply to pending cases, and an affidavit will have to be signed before a judgment is entered, said Stephen M. Bucha, the chief magistrate.
“The hope is that will preclude any robo-signing in the future, so that we don’t see a repeat of the problem,” Bucha said.
Bucha and other Cuyahoga County judges said they fear document foreclosure defects may give former homeowners a claim on the title that will affect future sales. That scenario fuels Judge Russo’s sense of urgency to sort out problems now, she said.
“If courts around the country do not handle this on an individual case basis and there are later problems with the title, the courts will have participated with the clouding of the title,” Russo said. “The potential for harm is so immense at so many levels.”
The case is U.S. Bank National Association v. Renfro, 10- 716322, Ohio Court of Common Pleas for Cuyahoga County (Cleveland).
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ST. LOUIS PAYDAY LENDER ATTORNEY ROBOSIGNED DEFAULT JUDGEMENTS…PUNITIVE DAMAGES SOUGHT
Posted on November 8, 2010 by Foreclosureblues
Punitive Damages Sought From Payday Lender
By JOE HARRIS
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CLAYTON, Mo. (CN) – World Acceptance Corp. conspired with an attorney and a notary to get fraudulent default judgments against borrowers, a class action claims in St. Louis County Court. The class claims World Acceptance, which has more than 1,000 outlets, provided attorney Steven Mandlman with generic loan verification pages, signed by a World Acceptance branch manager, which Mandlman photocopied en masse for notary Lori Swanson to sign and notarize.
The class adds that World Acceptance operates its 1,005 retail locations in 11 states and Mexico, and that “the loans carry interest rates which often exceed 150 percent. … The interest rates on the loans are considered usurious in the majority of states, except the 11 states, including Missouri, in which WAC operates.”
The complaint states: “Swanston often notarized the documents with blue ink creating the appearance that the entire document, including the employee’s signature, was original. Mandlman then attached these pages to thousands of petitions that he filed throughout the State of Missouri.”
The generic “verification pages” contained “no specific information relating to any one account or defendant,” the complaint states.
Once a default judgment was obtained, named plaintiff Rance Reed says, Mandlman served garnishments to collect the money.
“In the case of every proposed class member, the judge entering the default judgment failed to recognize that the verification contained a photocopied signature and fraudulent notarization,” the complaint states.
World Acceptance makes high-interest, short-term loans, often called payday loans. The class claims the interest rates are so high that only 11 states, including Missouri, allow World Acceptance to operate in their jurisdictions.
The class consists of all Missourians who were sued by Mandlman and World Acceptance after 2007, in which default judgments were entered after the filing of notarized photocopied verifications. The class alleged conspiracy, unjust enrichment and fraud upon the court. It seeks compensatory damages, an injunction prohibiting the defendants from collecting money through garnishments and $10 million in punitive damages. It is represented by Neil Smith
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BANKER FACING FRAUD CHARGES SERIOUSLY BEATEN IN PRISON
Posted on November 8, 2010 by Foreclosureblues
Bloodied and shackled: Controversial cricket tycoon Allen Stanford beaten up by jail inmates as he awaits trial
By Daily Mail Reporter
Last updated at 8:18 AM on 8th November 2010
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Bloodied and bruised, this is the shocking picture of cricket tycoon Allen Stanford after a beating by jail inmates.
His neck in a brace, his eye bleeding and half-closed and his head bandaged.
The final humiliation for Stanford, 60, awaiting trial accused of masterminding a $7billion fraud, was his feet and hands were shackled as he was taken to hospital.
Attacked: The tycoon sits on a hospital trolley with his neck in a brace, his eye half-shut and a bandage wrapped around his head after the assault by jail prisoners in Texas Attacked: The tycoon sits on a hospital trolley with his neck in a brace, his eye half-shut and a bandage wrapped around his head after the assault by jail prisoners in Texas
Shackled: Allen Stanford is bound hand and foot at the hospital near Houston, TexasShackled: Allen Stanford is bound hand and foot at the hospital near Houston
Once he posed with a perspex case containing $20million at Lord’s cricket ground. after being hailed as the saviour of English cricket.
But that counted for nothing at the private prison in Conroe near Houston, Texas, and the inmates sharing his cell.
‘I was on the telephone and some of the other people in the cell didn’t like it,’ he told a friend who visited him, according to the Sunday Times.
‘They said something to me and then two of them jumped me and kept punching me and kicking me in the head.
‘I lost consciousness, but at one time I came round and grabbed one of them by the leg. That just set them off a again’.
The guards burst into the cell and shackled Stanford before taking him to a hospital where he underwent an operation while still chained up.
Flirting: Allen Stanford grabs Emily Prior, wife of wicketkeeper Matt, and puts her on his lap while watching a game in Barbados with the wives and girlfriends of England’s cricketersFlirting: Allen Stanford grabs Emily Prior, wife of wicketkeeper Matt, and puts her on his lap while watching a game in Barbados with the wives and girlfriends of England’s cricketers
Million dollar man: Allen Stanford shows off the $20 million as he is joined by members of the ECB and cricket legends at Lord’s Cricket groundMillion dollar man: Allen Stanford shows off the $20 million as he is joined by members of the ECB and cricket legends at Lord’s Cricket ground
Awaiting trial: Stanford in his prison uniform and shacklesAwaiting trial: Stanford in his prison uniform and shackles
Stanford suffered fractures to his eye socket, cheek bones and severe bruising to his body.
He has lost all feeling in the right side of his face. No one has been punished for the attack and he spent three weeks in solitary confinement. before being moved to another prison.
The assault happened in October last year in a cell holding 14 other men. It was designed to hold eight inmates and at the time had no electricity, air conditioning and was in virtual darkness.
The friend claimed the inmates were ‘on edge’ with each other because of the cramped conditions.
Stanford, who faces 21 charges at his trial which begins in January, had made three requests to be moved to another prison.
His downfall began after he signed a deal with the England and Wales Cricket Board in June 2008 for five Twenty20 international matches between England and a West Indies all-star XI with a prize of $20 million.
He was caught flirting with the wives and girlfriends of England’s cricketers and was seen to grab Emma Prior, wife of wicket-keeper Matt and pull her onto his lap before putting an arm round Alistair Cook’s girlfriend.
An assessment of Stanford’s health was prepared for a court by Victor Scarano, a forensic psychiatrist.
He wrote: ‘Mr Stanford described himself as a breathing corpse with increased episodes of despair, hopelessness and helplessness’.
Read more: http://www.dailymail.co.uk/news/article-1327421/Allen-Stanford-beaten-jail-inmates-awaits-trial.html#ixzz14hovj08A
I believe that the article represents some action that will help the homeowners, but I also believe that it should be done another way with only limited use by attorneys. Every homeowner that thinks their foreclosure was wrongly foreclosed needs to submit their name to their state attorney generals. I understand one attorney general told a homeowner they didn’t have time or manpower to make investigations. The AG’s can check those names with the f/c attorneys but the f/c attorneys will need to review and stamp each of their files that they have certified to its validity and they are not going to know which files have been turned in so the f/c attorneys better get the midnight oil burning and check their right to f/c. We believe that an ongoing forensic tash force that works in the AG’s office should be set up to randomly check files that are turned in to them on a random basis by a homeowner who closes his loan. The title companies nor the lenders are going to know which homeowner sent in his loan for a review which will review how even the new loans are being processed, funded and closed. We need to put the burden on the f/c attorneys, not the people to clear up this mess. There are other options I am sure, but I would like to see Mr. Garfield take charge of this issue and continue doing the really good work that he does as he appears to be the most knowledgeable about what is really going on. I apologize if I have offended anyone as I did not mean to do that, but enough is enough.
stan i agree im from wisconsin and trying to find someone to help is impossible i filed banckruptcy to help save the house and all my lawyer does is ask how much do you want to spend on saving it they don’t understand what has happened and won’t take the time to learn i have sent them to this sight but don’t think thev’e been here now i spend more money for what don’t know probily still lose the house and then what i’m out 6500 dollars for that wow what a state we live in
Neil, we are interested in participating. How do we access the teleconference? There were attorneys involved in the robosigning and fraudulent documents. Let’s not throw the baby out with the bath water. There are many attorneys out there who are outraged by this fraud on the courts and Americans. Maybe this conference will help some homeowners. We do not expect people to work for free. Reasonable fees paid in reasonable ways. Mr. Sirak has helped many people with the foreclosure problem.
http://www.challenginforeclosure.com
Sirak@challengingforeclosure.com
Stan
Racine Wi
There are no lawyers in Wis because I was told there is very little case law. I am not going to pay a lawyer to learn. I am teaching myself with these blogs.
My Mother who is 91 and blind was evicted by ASC or Wells Fargo.
This is not acceptable under any circumstances. If attorneys are paid for this by the homeowner, that will be the a total slap in the face and further victimization of the homeowners. The banks will either clean up their own mess and give the proper relief to the homeowners or there needs to be a tea party mortgage group that can do what has to be done and that is to take a stance against the banks and the attorneys. IN our lawsuits, we have included the attorneys as part of the suit. Why in the world would we continue to allow this kind of treatment of homeownrs to go forward. I have been working for five years with homeowners none of home havev lost their homes and I did it without charging them. The attorneys who screwed up know they did it and if they don’t step in and audit their own files, then we know it was intentional and one law class action law suit can take them out. This is just absurd. What does it take to put the ball back in the court of the very people that caused this demise. Where are the attorney generals, probably behind the eight ball not wanting to really come up with anything now that the political game is over. I hope that is not true and apologize for it, but they need to answer to their constituents and do it now as to what is being planned. Enough is enough. Make the banks subsidize the homeowners payments and forget about the law suits and fouling up the justice system which has already worked in the banks interest in so many cases. Now we are going to hire attorneys with money the people do not have. This is unbelievable. Sorry Neil if this is your idea, I don’t think it is a good one. If we are going to clean house and go back to ethical ways of doing business, we sure don’t want to reward the very people who caused this mess. In my days of management, we held our attorneys accountable for verifying our policies and the legal and correct way for servicing accounts. The attorneys today do not intend to honor that kind of commitment. Who will the people go to for help. Why don’t you have a conference about that and the tea party groups to put the pressure on the banks. This whole thing is out of control. We don’t know who is getting payoffs and who isn’t. 45 years in the business and never have I seen anything like this that was so obviously being perpetrated in front of our very own noses. I don’t count the feds because they jumped ship a long time ago, probably 2004.
The Market Ticker ®
Commentary on The Capital Markets
Posted 2010-11-08 11:58
by Karl Denninger
in Foreclosuregate
Here Come The Depositions
Gee, there’s nothing wrong here with this sort of signing of documents, right?
Download:
FLVMP43GP
Download:
FLVMP43GP
About 30 minutes worth….. repeated admissions that she’s signing as a “witness”, but she never actually witnesses anything – she’s signing documents as a witness that she never witnessed. (10:00, roughly, first video, and right in the front of the second video, and well into it….)
Naw, there’s nothing wrong with submitting hundreds (thousands?) of documents to a court in which you claim to have witnessed a signature when you really didn’t……
It’s also ok that a person who has such limited knowledge of the English language that they do not understand what the words “For good and valuable consideration” means when signing as a witness. Or, for that matter, what the words “effective date” mean. Yes, really (~4:00 to 5:30, second video.)
It’s also ok that this person’s signature has been scanned into a computer and used as if an original?
It’s ok to testify that you never sign as a “Vice President”, then you’re shown a document where you have indeed signed as a Vice President…. of course, the problem here is that she doesn’t understand and read enough English to know what she’s doing – she’s simply been paid to sign her name anywhere it appears. (~7:00 into the second video)
This is what passes for due process of law in this country. These are “technical deficiencies” in paperwork.
We don’t actually have companies exploiting immigrants to this nation who have extremely-limited understanding and comprehension of the English language to utter documents attesting to false facts, right?
This most-certainly is not evidence of an organized conspiracy to defraud the courts, defraud the people, and steal homes, right?
How much more of this crap will we tolerate America?