Foreclosure Strategists: OCC & Federal Reserve Bank: Foreclosure Review Process

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Editor’s Comment:

Contact: Darrell Blomberg  602-686-7355

Meeting: Tuesday, June 26th, 2012, 7pm to 9pm

OCC & FRB have finally established dollar amounts for
”errors, misrepresentations, and other deficiencies in the 
foreclosure process” for the Independent Foreclosure Reviews!

Complaint filing date extended to September, 30, 2012!

As we are all aware the OCC (Office of the Comptroller of the Currency) has been inviting homeowners / dispossessed homeowners with a personal link to foreclosures that were in process or completed in 2009 or 2010 to file complaints.  Many people have been loathe to go through the complaint process because of the lackluster prospect of receiving a paltry $2,000.  Well, that has officially changed in writing!  The OCC and the FRB (Federal Reserve Bank) have now established dollar amounts for the remedies of errors, misrepresentations, and other deficiencies in the foreclosure process.


If you know any homeowners who were foreclosed or dispossessed of their home after January 1, 2009 or they were alleged to be in default of their note prior to before December 31, 2010 this is a must attend meeting.  (I believe you could even make a valid argument for anybody that received a 1099A or 1099C anytime in 2009 or 2010 even if their sale / dispossession was long before January 1, 2009.)



Hogan Decision & Subsequent Actions

We will review the Hogan v Washington Mutual Bank, N.A. decision and explore the Motions for Reconsideration submitted by both the Appellants and the Appellees.


Ninth Circuit Appeals Court Audio – Beth Findsen

Local foreclosure defense attorney Beth Findsen argued in front of the Ninth Circuit Appeals Court in San Francisco in the Mariusz Buchna, et al. v. Bank of America NA, et al. ( No. 10-17651) case last Friday.  Here is a link to the audio of that proceeding.


$50 Million Sweep is ON HOLD!

On Tuesday, 2012-06-12, the plaintiffs and defendants in the Morones – Hernandez v Horn (Az AG) & Ducey (Az Treasurer) case stipulated that the $50 Million Sweep from the Attorneys’ General Settlement Funds will not be transferred to the State of Arizona General Fund until at least 2012-12-31!  The Minute Entry can be found at this link:

See “COURT WATCHERS – Upcoming Hearings” section below for next hearing information.

We meet every week!

Every Tuesday: 7:00pm to 9:00pm. Come early for dinner and socialization. (Food service is also available during meeting.)
Macayo’s Restaurant, 602-264-6141, 4001 N Central Ave, Phoenix, AZ 85012. (east side of Central Ave just south of Indian School Rd.)
COST: $10… and whatever you want to spend on yourself for dinner, helpings are generous so bring an appetite.
Please Bring a Guest!
(NOTE: There is a $2.49 charge for the Happy Hour Buffet unless you at least order a soft drink.)


I have set up a Facebook page. (I can’t believe it but it is necessary.) The page can be viewed at, look for and “friend” “Foreclosure Strategist.”

I’ll do my best to keep it updated with all of our events.

Please get the word out and send your friends and other homeowners the link.


I have set up a MeetUp page. The page can be viewed at Please get the word out and send your friends and other homeowners the link.

Home Defenders League

The Home Defender’s League supported the Lilly Washington event.  They are building a nationwide coalition to support underwater and distressed homeowners.  Here is a link to their website:

They have a feature story about Lilly Washington at this link:

May your opportunities be bountiful and your possibilities unlimited.

“Emissary of Observation”

Darrell Blomberg


31 Responses

  1. […] Read more… Posted in Banks, MERS, News Around The Country, States « BOA DEATH WATCH: Ironic Twist for Zombie Banks PRACTICE LAW, LOSE YOUR LICENSE: WHAT SB 94 MEANS TO YOUR PRACTICE By Alice M. Graham » You can leave a response, or trackback from your own site. […]

  2. Enraged wake up – real estate is not securitized. Mortgage Investment and Deed of Trust Investements are agreements not loans that collateral will be held by a third party. Collateral acceptable to FED. FEE SIMPLE. Get it! No you don’t get it you get enraged.

  3. Wake Up! Money goes to Servicer

  4. @Kathy,

    True. Most people can NO LONGER afford an attorney.

    But whether or not they can has nothing to do with the house, whether they can afford it now and whether they should lose it. They could pay, at some point in the past, right? Didn’t the banks actually vouch for it when they agreed to lend them the amount for the purchase? You don’t say “yes” today and set yourself out to be a liar. Bible 101… and, come to think of it, common sense 101. It is Congress and government’s refusal to hold the banks to their original evaluations of people’s ability to repay that caused this mess. The day Congress starts saying to banks: “Makes no difference if people defaulted 5 years later. The fact of the matter is that, way back then, in 2003, you agreed that they could pay. You’re stuck! And if you collapse because of all those bad evaluations, tough shit!” is the day we’ll start breathing.

  5. Nancy is right folks! Listen to her! ….. If your excuse is you can not afford an attorney, then Face It! … you can not afford your house. Just sayin …..

  6. @Nancy Drewe,

    Let me guess… And we need a complete forensic analysis of our loans, right? How much do you charge again…?

  7. Wake Up!
    OCC does not have authority to adjudicate the alleged unlawful business acts! Beware of those who charge a fee to process paperwork to OCC you cna do it yourself for free. You need a lawyer! You need to go to court. You need to wake up!
    http : //

  8. But wasn’t John Wayne also a fraud like Superman & Batman & BANKS?? County sheriffs paid by U.S. Bangsters are trained by their masters who evicted millions of people who never even had a debt on their houses, so how could they show mercy and a heart for people with mortgagors!!! so this is what they do with all except with their selected agents:

  9. Don’t you love living in a country where the banks are allowed to steal your house, their jack booted thugs are allowed to break in and take everything but the clothes on your back, there is a settlement with the perpetrators that absolves them of guilt without an investigation, and then the president brags about having done something great for the defrauded borrowers while the state’s general fund siphons off the money that was touted as “relief for homeowners” and redirects it into their own pockets, which the bank emptied much as they did the pockets of the borrowers? Why would we expect anything less from the O.C.C. than dispatching all the claims without really giving any of the stolen money back? We need John Wayne to ride in here and start shootin’ these bastards.

  10. wow wow win for homeowner in this appeal decision—used FDCPA

  11. Agreed Jordana.

    I recently watched TBTF, the movie. It solidifes the concept of save the banks at any and all cost. There’s simply no room for them and us.

    Here’s your modification Wall Street

  12. E. Tolle: Your situation sounds similar to mine in many ways. However, I do not think you can can the review results an “offer.” They said the results are final. and you can always sue if you want. It’s not a negotiation. You can even accept the results, take the money and still sue (although they will offset the amount paid against any judgment you receive). My cynical bet is most people (except the servicemen and odd random foreclosure on people current on their mortgage) will receive a letter saying the servicer is found to have done nothing wrong and recovery is denied. Period. That will discourage enough from pursuing further claims and complaints, the desired result. Move along… nothing to see here. The only other option is a recovery based on the amount of pain you have inflicted on the servicer and how much they want you to go away. In that event, I recommend lots of letters and lots of complaining…. might mean more money. But, the former is a safer bet. This is not a meaningful and real attempt to make people whole. Oh, and BTW, they apparently already “lost” some pages of my review. Sound familiar?

  13. @ Neil: is there any specifics revealed by OCC/FED review clowns?

  14. ToLLE,

    You forget the one that started it all: “You were not behind in your payments when you asked for the mod and, therefore, not at risk of foreclosure. You were strongly advised that you should stop paying for 60 days and, then, resubmit your application which would assuredly be approved. You did exactly what you were told IN WRITING and you lost the house… because you were behind in your payments.”

  15. I’m the unfortunate poster child for this OCC review, and yes, I sent it in with very complete documentation. I aim to see if Neil will publish my results when all is said and done, as I have major league doubts that the OCC and Treasury are serious in what I believe is their faux determination to do the right thing. We all know that every single move by TPTB to date has been about strengthening the banks, NOT the populace, and I’d be willing to bet the farm (if it weren’t in foreclosure), that this is just another feel good moment on their part.

    My hard fought modification, which btw took 9 months of the usual and comical fax and re-fax to their self-described black hole, was never honored, even though we officially inked a deal. My three months of payments were never applied to the new agreement; they simply cashed the checks and partied for all I can tell. Oh, and the new amount was higher than the original monthly payment, a dirty little secret that TPTB always fail to discuss in polite company, the fact that if in fact a person was having issues making a mortgage payment at $XX prior to a mod, how in the Hell is $XXX going to be sustainable? But we all know that there was nothing whatsoever sustainable about the entire heist.

    As soon as the modification began, I knew it was toast. The monthly statements showed wildly gyrating amounts owed, late fees where there should have been none, as we should have started with a clean slate. The final straw was the addition of $15K to the principal amount after three months of on-time monthly payments, a charge that came out of nowhere, and was obviously a time that they decided to foreclose instead of follow through with a mod.

    I wrote the office of the president of the bank and after getting nowhere, told the contact that the least I expected was for a bank to be able to add and subtract. They never answered multiple qualified written requests, as well as dinging my credit after receiving these same requests. This is not only illegal, but sets up a situation where not only can one have difficulties due to trashed credit in conducting business, but after their trashing I couldn’t even get a new checking account after leaving their system. They should NOT be allowed to screw one’s FICO without authority, if at all. They should pay $125K just for this infraction.

    Here are the reasons that they list on the review for those who may qualify, and suffice it to say that I score high on the list:

    Listed below are examples of situations that may have led to financial injury. This list does not include all situations.
    – The mortgage balance amount at the time of the foreclosure action was more than you actually owed
    – You were doing everything the modification agreement required, but
    the foreclosure sale still happened
    – The foreclosure action occurred while you were protected by bankruptcy
    – You requested assistance/ modification, submitted complete documents on time, and were waiting for a decision when the foreclosure sale occurred
    – Fees charged or mortgage payments were inaccurately calculated, processed, or applied
    – The foreclosure action occurred on a mortgage that was obtained before active duty military service began and while on active duty, or within 9 months after the active duty ended

    I’ll follow up after I receive the expected low-ball offer. If nothing else, I want to call them out on their bullshit. I want to see them toppled, nothing less.

  16. @Ann,

    It’s been my point for a while: this country of 320 million inhabitants, owning collectively 290 million of firearms is going to blow itself up by refusing to practice the minimum of human decency. Natural law at work: nations that care nothing about their own self-destruct. I’m watching it happen right before my very eyes.

    At least, I can leave. There are many countries i can relocate to and it may very well come to that once everything i worked for has been stolen from me by… soulless money-making machines. I saw one just yesterday: young arrongant little f…er with the means to hire an attorney and crush me in court. It does jack up my rage one notch but, in the end, little f…er will get it. The attorney he bought will get it. The judge who ranged on the side of theft will get it. Without my lifting one little finger: all we need is to wait for natural laws to kick in. And they will.

  17. Banks Breaking Into Homes, It’s Unfair Debt Collecting….IT’S GOING TO STOP! I WON’T STOP UNTIL IT DOES!
    June 24th, 2012 | Author: Matthew D. Weidner, Esq.

    If a bank sent a jack booted thug to come kick down your door, burst into your home, take your personal property and then asked for your mortgage account number and whether you had 401 k’s that could be liquidated to pay your mortgage, even the most hostile court might just find that to be unfair debt collecting….right?

    I mean even in corporate fascist Amerika circa 2012, our courts are going to recognize the terrifying march towards tyranny and violence and ratchet this behavior back…right?

    Most every law that seems like it might offer a glimmer of hope to consumers is a paper tiger. The corporate lobbyists add so many exceptions then courts limit the application any further until consumers are left naked, vulnerable, weak and exposed….completely defenseless to the abuses and terror from the banks.

    In the context of mortgages, the banks have created a special little ruse, a little wink and a nod that allows them to engage in thuggish, intimidating debt collecting not much different than the baseball bat wielding, kneecap shattering attacks the comparatively ethical mafia would use on their debtors. But their $600/hour attorneys have tried to slither away from calling their behavior actual debt collecting under state and federal law….

    “We’re just inspecting the property…we’re just securing our collateral…we’re just preserving the property…”


  18. Yep! It is starting again. HOUSE PRICES ARE UP!!! Hear that? House prices are up! Back to making fillings. Are you sure you don’t have an old grandma somewhere you could scam out of everything? Isn’t that what old people are for?

    Tuesday, June 26, 2012
    Michael Olenick: Irrational Exuberance, Housing Edition

    By Michael Olenick, creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick or read his blog, Seeing Through Data

    … how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions…
    – Alan Greenspan, Dec. 5, 1996

    In any context except a Gay Pride parade grown men wearing short skirts and carrying pom-poms look out of place. But if they’re cheering the artificial rise of housing prices we’ve seen lately, they seem to be not only accepted but welcome.

    “Broward home prices rise 10 percent in May,” reads a typical headline for the Broward County, FL Sun-Sentinel, ground zero for the housing meltdown. The article itself mentions that the ten-percent increase was year-over-year, not month-over-month, and neighboring Palm Beach County suffered a month-over-month decline by a whopping four-percent, but – whatever – home prices are up; let’s party. In this spirit the article mentions Palm Beach sales volume increased, though a close look shows the increase amounts to 114 additional houses sold, out of 664,549 housing units in the county. This figure is so small that my calculator expresses it in scientific notation when I convert it into a percentage.

    It’s not only reporters from areas decimated by the bubble that are looking for signs of a housing bottom. Bill McBride of Calculated Risk (CR) calls a housing bottom like clockwork. CR somehow fails to reconcile data about underwater homeowners being unable to sell with the low inventory levels. There’s fewer houses for sale so all is peachy; never mind that inventory is being manipulated by servicers and regular sellers are locked-out of the market through negative equity.

    On the latter subject, last week CR labeled a story about a CA couple who looted $140,000 from their retirement savings to refinance their underwater home “a reasonable option.” At least he didn’t use the word rational, since their decision is anything but. Since the couple’s mortgage had been a purchase-money mortgage, had they walked away from the old loan, their lender (under CA law) could not obtain a deficiency judgment. However, with their new loan – since it is refinanced – that option, their best leverage point when negotiating a modification (say they need one later due to financial setbacks), is gone. It’s one thing to cheer for your team but it’s normally considered bad sportsmanship to purposefully injure the other team.

    Yale Prof. Robert Shiller, co-creator of the well-known Case-Shiller house price index, takes a more sober approach. Shiller argues in the New York Times until meaningful principal reductions are put in place that house prices are hosed. Pricing may bump up on artificial scarcity caused by the relatively low number of foreclosures after the robo-signing scandal, but in the long run underwater borrowers are likely to drown. Further, because of sky-high loss severities in foreclosures – my own data shows it is not at all uncommon for investors to lose the entire face value of a mortgage in a foreclosure – principal reductions make good business sense.

    Shiller embraces an idea being floated about lately; having municipalities use eminent domain to “take” mortgages at fair market value. Databases like the one I’ve been compiling clearly show the loss severity of similar mortgages in similar ZIP codes, allowing municipalities to ascertain fair market value of the mortgages, as opposed to the houses. In bubble-states, where negative equity issues are most pronounced, fair market value of most mortgage would be no more than 20-percent of the face value of the first mortgages – and oftentimes far less; no more than a few cents on the dollar – while second liens would be worthless.

    Assuming this approach is only used with the consent of the homeowner, I’d suspect that one last call the servicer before implementation would magically result in an almost immediate modification: no lost paperwork, no transfers to the offshore call center, no capitalized interest.

    Those who advocate a “rip the bandage off” approach through mass foreclosures should embrace this idea since it will lead to the same place, quick resolution of problem mortgages. It won’t be the homeowner who is left bleeding but since their advocacy for quick pain to end the crisis is principled, as opposed to being rooted in greed or malice, they should be enthusiastic supporters .. right? Further, absent amending the Constitution there’s nothing our dysfunctional federal government can do to get in the way. Even trying to interfere would expose Republican hypocrisy on issues of federalism and Democrats hypocrisy on middle-class aid.

    While this solution looks like a great idea it remains unclear if local officials could pull it off competently. As the residents of Jefferson County, Alabama can attest to with their new sewage system – that led the county into bankruptcy – when local cronies “work with” Wall Street bankers the result is often barbaric for everybody besides the bankers. There’s a real risk that they’d pay far too much for the mortgages or team up with the same types of sharks that caused the mess in the first place, leading to the same inevitable meltdown. Here’s a hint for success: if the principals in any company offering to “help” have a background originating or securitizing subprime debt keep the idea alive but look elsewhere for partners.

    Granted, investors could opt for principal reductions out of business sense – that is, they’d rather lose 40-percent of their principal than the 90% that’s become common in foreclosures – but they follow the lead of the Federal Housing Financial Authority, FHFA, and simply lie about this well-known fact. There’s an irony that the FHFA publicly screams that principal reductions are taboo while benefiting from those same principal reductions in the Agency MBS subprime tranches owned by Fannie and Freddie. The dirty secret is that principal mods DO work. DS News quoted a study on this very issue:

    For 2011 modifications, the re-default rate after 12 months for principal modifications was 12 percent compared to 23 percent for rate modifications and 30 percent for capitalization modifications, according to the [Amherst] report [by analyst Laurie Goodman].

    However, it’s been a long time since anybody has accused either Fannie, Freddie, or their regulator of honesty. Besides, with taxpayers footing the bill there’s no reason to mitigate losses. It’s much easier to be short-sighted and pander to beggar-thy-neighbor sentiment.

    I own a home in West Palm Beach, FL. I want home prices to rise. But there are just too many factors that continue to drain the economy, including and especially underwater borrowers who push money into their bubble-era basis mortgages, robbing local economies of this sorely needed stimulus. Further, the dearth of first-time home buyers – caused by young people saddled with staggering amounts of student loan debt – will have long-term, very real repercussions.

    We have to deleverage the middle-class, just as we did the banks in 2008, if we are going to put a long-term floor on the housing market. Until then the cheerleaders may inspire a goal or two, but – especially given that inventories are being artificially depressed – no matter how well they wiggle their tuchas or shake their pom-poms we’re never going to rally to overcome this point deficit. Take the Monday housing report that new home sales are higher than they’ve been in years; three years, to be exact, putting new home sales at the third worst for the home-buying season since the US has been keeping statistics. As pundits cheer the “recovery” people will no-doubt be inspired by the news, as long as they don’t hear the chant “We’re number three .. from the bottom.”

  19. Not according to the form I completed. Have you seen the form? The wrongful acts are fairly limited though it does say reasons for recovery are not limited to these acts only. But it doesn’t provide much flexibility to fill in your own scenario. I mean, if your a war veteran and your home was foreclosed upon while you were serving, you’re going to get recovery. Or, if you were foreclosed upon while still making payments. Or if you were making mortgage modification payments. Apparently, this happened a lot. However, it doesn’t mention anything about the servicer changing the terms of the mod after you had completed the trial payments or anything about brow beating you into signing whatever they gave you to save your home.

  20. @jordana

    Does “wrongdoing” include the fact that (in my case) the foreclosure mill lied and said in writing that the trustee of the empty mbs trust was my current creditor/lender? And that the servicer (in writing) was foreclosing on behalf of said empty securitization?
    Yeah…I’d say that was some sort of “wrongdoing”…

  21. Tuesday June 26, 2012

    Asia investment banks launch round of job cuts

    HONG KONG: Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe’s debt crisis and China’s economic slowdown bite into the region’s financial activity.

    Speaking to bankers and other industry sources, Reuters was able to confirm at least 50 people were let go in the past three weeks, a cull that includes senior expatriates as well as junior bankers. The cuts mainly target the equities business, with more layoffs expected in coming weeks.

    CLSA, Deutsche Bank, Goldman Sachs, and UBS were among the banks and brokerages that cut jobs, the sources said.

    “In response to a market environment far worse than anticipated and considerable overcapacity in the industry, we have made the difficult decision to make some positions redundant,” said Anna Tehan, a spokeswoman for CLSA.

    CLSA, an Asia-focused brokerage, has prided itself over the years on keeping cuts low, with employees previously taking voluntary pay cuts to stay on board.

    “A very small percentage of our workforce is affected, from across all areas of the business,” Tehan said, adding that the firm would not comment on specific reduction numbers.

    Two sources at CLSA said that tens of jobs were cut across the region in the last two weeks, with one saying specifically they included 25 people in Hong Kong, and 10 in India across sales, core research and the new India Reality Research division.

    “Banks have cut 57% of staff, which is unusual as this cut usually happens in November and December,” David Azar, managing director, equities at recruitment firm Pemberton Stewart, wrote in an email, describing the round of layoffs. “We see more cuts in the next few months.”

    Asia, where banks staffed heavily in the last few years to capture the growth of developing economies, saw cutbacks at the end of last year as deal and trading activity slowed in the wake of early signs of Europe’s woes.

    But the latest round of layoffs comes as hopes for a strong first half faded quickly after the first quarter.

    China’s slowdown in growth, after years of supporting the surge in Asia’s financial activity, has hit particularly hard. — Reuters

  22. They go down, we go down. We go down, they go down. When are we going to put them out of their misery (and ours)???

    Lenders putting out to sea to protect assets

    A branch of BNP Paribas in Paris. The lender, along with fellow French giant Societe Generale, is looking to wind down its shipping books. Picture: EPA LONDON
    Tuesday, June 26, 2012

    WITH the crisis in the shipping market now in its fourth year, bankers are putting to sea and seizing ships to protect the value of their loans to struggling shipowners.

    Lenders to the shipping trade, themselves lashed by the eurozone crisis, are recruiting management companies to take over and operate defaulting owners’ ships rather than sell them at a heavy loss or take a writedown on their loan books.

    Earlier this month, Credit Suisse and a group of Chinese banks seized seven tankers from Singapore’s Dongfang Shipbuilding to pay outstanding debts of around US$250 million after the Singapore Supreme Court ruled in favour of the creditors.

    “The banks have so many problem loans today at a time of extreme political, social and regulatory pressure that they don’t know which way to turn,” said Nigel Prentis, head of research, consulting and advisory with HSBC Shipping Services Ltd.

    UK-headquartered Bibby Ship Management is among companies aiming to capitalise on the slump by offering to run vessels for a fee, including chartering out a ship on behalf of a bank. The group said it was in talks with a number of European banks.

    “What we do is come in and provide technical management of the vessel and provide a full crew to run the vessel and get it to a standard where it is fit for resale by the bank or whatever they want to do,” said Bibby’s business development manager Brian Williams.

    Bibby has teamed up with asset recovery specialist Marine Risk Management (MRM), whose staff includes former special forces personnel, which can arrest a vessel from its owner on behalf of a bank and sail it to another jurisdiction with a letter of authority from an admiralty court.

    “The biggest difference to the 1980s, which was the last major crisis, is the value of the assets could be up to 10 times higher (than then), which is why banks have been reluctant up to now to force anything in the hope that the market was going to recover. Clearly that’s not going to happen, and banks are looking at taking other action now,” MRM’s chief executive John Dalby said.

    “We are providing them with an option to technically and commercially manage a vessel and then sell it as a going concern subsequently. The alternative is writing off massive loans, which is not something anyone wants to do in this climate.”

    Surplus capacity due to brisk ordering during the boom years has pushed the nominal resale value of a supertanker, used to transport crude oil, has fallen to around the $90 million level from US$162 million in 2008.

    The value of a capesize ship, one of the largest carriers of dry bulk commodities such as iron and coal, has also slumped to US$44 million from just under US$100 million in 2008.

    “Many banks are thought to have contingency plans to take over ships and run them through the cycle rather than further undermine values with an auction process,” said HSBC’s Prentis said.

    “The correction in values has been enough to wipe out equity in many cases, meaning that many ships will be worth less than the outstanding loan: negative equity. Hence, this is a problem for many European banks. Faced with big writedowns, on top of haircuts on peripheral eurozone bonds, they have generally chosen forbearance.”

    European lenders in particular are under growing pressure to cut their exposure to risky and dollar-denominated assets such as ship and trade finance to meet tougher capital rules and shore up reserves.

    Global syndicated lending to the shipping sector slumped to US$245 million in the second quarter of this year, down from over US$1.6 billion in the first quarter and over US$3.9 billion in the second quarter of 2011, Thomson Reuters LPC data showed.

    “There is still pain on the horizon because of the deliveries and because of the slowing economy,” said Harris Antoniou, managing director, energy, commodities & transportation with ABN AMRO Bank. German ship operator Oldendorff Carriers is another group in talks with banks over providing them with options.

    “These days we are offering banks to ‘park’ the ships with us … where we effectively take care of the technical and commercial management,” said its chairman Henning Oldendorff. “It is very straightforward and transparent. If the banks want to sell the ship, we can terminate the charter.”

    A number of European banks, including France’s two biggest listed banks Societe Generale and BNP Paribas, are looking to wind down their shipping books. Reuters


  23. let’s return to the reality…. there will be no money, no damages , no civil damages , no RICO …nothing……the only truth here is that you have to go to work tomorrow…well if you are one of the lucky ones that still have one….

  24. the only thing we will get…. if we are lucky…..

    4. A diamond-like ring with the look of real cubic zirconium (made in china of course)

    this is BS (big time)…why so insistent???? something smells really bad… i think here is a bigger issue…

    first they say…you have only 3 months to submit…
    then , you have 6 months…now…extended to September or whatever….

    they want all the information to forge the signatures and fabricate all the documents…

    -so with a little help of all attorneys charging 2000 to 3500 to review a file….2000 to 4000 to file a motion… did i mentioned the 700 to 1500 monthly for doing nothing????

    and more help from the corrupted system….

    the “4. A diamond-like ring with the look of real cubic zirconium” sounds really good deal and even too much for wrongful fraudulent robbery

    i think its time to just move on and let this crooks kill them selves….
    judges started to give a @#$@#$!#$ about securitization…they just want the monthly 150 k they receive …..

    no option but to pay rent for our own properties to HUD at least thats what the letter we received after the robbery says ….

    bunch of c@#$%@#

  25. @Pie,

    What the hell is that?

    .Wells Fargo to Acquire Subscription Finance Business
    Jackie Stewart | Jun 25
    Wells Fargo has agreed to buy a subscription finance portfolio with $6 billion in commitments from WestLB, European commercial bank based in Germany.

  26. Well ToLLe,

    Good thing I haven’t been foreclosed on. Anyway, earlier today I lost a JDB case. First judge was a good guy (although Rep. Go figure…) but he was replaced by some Dem who used to defend corporations. I didn’t have a prayer. Plus, the guy has been harping since the last hearing that I “chose” to be pro se (asshole! But I did correct it a few times. Didn’t “choose” to be pro se. Didn’t have money to get an attorney!)

    Anyway, JDB won and I ain’t paying. Went to empty my checking account right away. A few hours later, there was a guy in my driveway snooping around my garage. He got in his car and drove away when I got out to ask him what he was doing. Pisses me off! Now, I’m gona be a hostage in my own house. Forced to close my garage all the time. never used to have to do it but JDB are getting desperate: they’ve sued everyone and his brother and no one is paying anymore. And that one is particularly pissed: I fought him for 18 months. I even had a Rico counterclaim. Didn’t fly but I learned a few things. Can’t wait for the mass arrests to begin.

  27. “Were you the subject of a wrongful foreclosure?

    You too could receive one of the following:

    1. $125,000.00 cash compensation
    2. 60” flat screen TV
    3. 3 days 2 nights in Cleveland
    4. A diamond-like ring with the look of real cubic zirconium

  28. @ Enraged, it’s simple….the money’s coming from funds they took from each of us in the perping of the crime….at least that’s the math they’ve been using thus far. Steal a trillion, lose a million, what’s not to love about that equation?

    Or as the great philosopher Saul Enderby said, “Sorry you’ve been an instrument of imperial hypocrisy but there’s rather a lot of it about.”

  29. But, please do submit if you qualify. I have been told I am occasionally wrong.

  30. No. Let’s get this clear. The bandied about $2000 figure is for the Attorneys General settlement and requires that you were actually foreclosed upon. There is no additional requirement showing any wrongdoing or any financial harm. It is what it is. The new template for recovery under the OCC Independent Foreclosure Review requires a showing of wrongdoing with proof of it in your file and actual financial harm. The $125K amount is only paid under very specific circumstances. Real recovery is likely to be much less and moreover, many will be told nothing wrong was done by their servicer and will get nothing. Sorry to rain on the recovery parade but the excitement and mention of $125K is likely a ruse to inspire more people to submit for recovery. The OCC and big servicers know that in order to make this settlement meaningful in a real “now will everyone just go away” way, is to get more to submit claims. They’ve launched a massive PR blitz to accomplish this and this template of financial recovery is part of that.

  31. Didn’t I read something about $125,000 being the average compensation? Hard to believe and you have to wonder: where is that money coming from?

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