Bloomberg: States and Litigants Pressure Banks, Foreclosures Are Dropping

We can’t say the tide has totally turned but we definitely changed the course of the ship of foreclosures. By fighting tooth and nail across the nation, we and others like us are drawing blood in litigation, legislation and other efforts. The multi-state settlement has not been the reason. If anything it was meant to give the banks carte blanche to continue. But doubts about representations of ownership of the loan and where the money went are taking their toll.

With only a 10% drop its a dent not a gaping hole blown out of foreclosures. Default notices are being sent to one in 686 homes. States like Oregon, Nevada and Hawaii have passed laws and other states are looking at the same thing — mediation or proof of loan ownership before foreclosure can proceed, are dropping the number of foreclosures sharply.

At the Sign Up for Full Day Seminar in Emeryville (San Francisco), a specialist from Nevada will present the issues in mediation and forcing the true decision makers and owners of the loan to step forward. We will also present this important material in the Anaheim seminars. One is for homeowners Sign up for 1/2 day Homeowners Seminar and the other is a CLE seminar for lawyers, paralegals and other real estate professionals Sign Up for Full Day Seminar in Anaheim. Participants will get discounts on the purchase of our forms library and workbooks. Call 520-405-1688 for details.

I’m pleased to report that the Canadian Business Journal has published my article on the dangers of buying foreclosed properties on in a six page spread, circulated in the United States and of course Canada.

These efforts are paying off as the light shines brighter on the illicit banking activities that brought us to this point. We are winning battles both in the press and in the courtroom, but the war is far from over.

It’s time to step up the pressure and really mean it. The deny and discover strategy is not just some tactic. It goes to the truth of the matter. The “original” documents are probably photo-shopped so you don’t need to admit that is YOUR signature. The note names the wrong payee and repayment terms from the standpoint of the REAL creditor.

The chain of title is all based upon vapor with no underlying financial transaction. But the trail of money is undocumented, and that is how the Banks were able to “borrow” ownership of the loan and trade on the loans and receive insurance, credit default swap payments and bailouts, while the real loss was sustained by investors who thought they were buying real mortgage bonds in a real trust that had real loans in the pool, when none of that was true.

For lawyers who work directly with me in the Garfield Firm or otherwise, attendance at the seminars is mandatory — and free. Our purpose is not to try to corner the market on this legal business. That is virtually impossible with 20 million homes still at risk. The purpose is to get our message straight and to have aggressive attorneys, understanding and believing the facts, present themselves, their objections and pleadings in a competent credible manner.

I don’t care who is the hero in all this. It just needs to be done if we are to get our country back on track.


6 Responses

  1. Re: The Prosecution of US Bank and SN Servicing’s Owners and Board of Directors. Ok People our petition to the FBI, The Attorney General and the Mortgage Task Force is is now gaining real speed and sure to go public exposing the Board of Directors. Join our list of other victims, if you also have real proof of forged or photo shopped deeds or mortgage documents please call me. Its time to bring the current owners, services and Board of directors to justice for forgery and fraud on our state and federal courts. They all knew or should have known that these crimes have been committed for some time now but they did nothing. They hide behind the attorneys who have been claiming that they didn’t know they were forged, but don’t believe it they all knew. Some attorneys have been backing out and asking to be removed from these cases because they are honorable but do they come forward? Hell no. Their silence is only keeping this destructive train chugging along destroying families and clouding titles forever. Making payments to these guys or paying off your mortgage will come back to haunt you when the real owners show up and make their demands. The crooks will be long gone and you may lose in the end anyway because lawyers cost big bucks.

    Join us with your real proof and we will get justice. Call me Ray Shelton at 352-274-8467

  2. Shocking details have emerged regarding the alleged Colorado Batman shooter James Holmes.

    Holmes’ father, Robert Holmes, reportedly is a senior lead analyst with FICO, and was scheduled to testify as a whistle-blower in the coming weeks regarding the LIBOR scandal, was was reportedly ready to NAME BIG NAMES involved in the massive global fraud as well as provide evidence to the Senate Banking Committee linking the high level executives to their crimes!

    Robert Holmes, the shooting suspect’s father, is a senior lead scientist with FICO, the American credit score company. He was scheduled to testify in the next few weeks before a US Senate panel that is investigating the largest bank fraud scandal in world history. This banking fraud threatens to destabilize and destroy the Western banking system.

    Robert Holmes not only uncovered the true intent of the massive LIBOR banking fraud, but his “predictive algorithm model” also traced the trillions of “hidden”dollars to the exact bank accounts of the elite classes who stole it. In other words, Robert Holmes could NAME NAMES!

    Those names WOULD AWAKEN THE WORLD to the depth of government and corporate corruption which could include members of Congress, Wall Street, Federal Reserve and EU executives and could even include US Presidential candidates and the British Royal family.

    The motives for the massacre are:

    1) To silence whistle-blower Robert Holmes whose son is now facing a possible death sentence

    2) To influence the upcoming vote on the UN Global Small Arms Treaty which could result in gun confiscation and disarming world citizens. The UN treaty could override national sovereignty and give a license to federal governments to assert preemptive gun control powers over state regulatory powers.

  3. @Ray,

    I have posted a lot of what Barnes posts on his blog, foreclosuredefensenationwide. He does, indeed, sound knowledgeable, eager and honest. I wish you the best of luck. It is unfortunate that the truly good ones are hard to find. I would like to believe I did too. Time will tell.

  4. y Shelton, on August 10, 2012 at 3:51 pm said:

    Ok People, Re: A very brilliant Attorney, Jeff Barnes. Like the guy above I was duped by other attorneys too. They bragged about how many clients they had just to get us to sign up but once signed they just avoided us like we had a death wish. Just try to get one of your past attorneys to send your file to a new attorney, that’s impossible. Our Florida bar will go after them but will they slap the hand that feeds them? Yea right, good luck with that complaint. Then one day as I started to give up hope I found a fighting Pit Bull needed to do battle against the big boys, and he is wining Federal Cases all across our great country. It took some time to get this man on board because he doesn’t want long winded stories or clients who truly have no case. He is also very tough on the money issues. After 6 months of saving and borrowing every penny to hire him, I headed out from Florida to meet him in person in Beverly Hills, California. Turns out that I was very lucky to meet him because he spends most of his time at 40.000 feet traveling to his next case or conducting seminars for other attorneys on how to win their foreclosure cases . I called as soon as I arrived, he said come over. I entered a plain office on the corner of Wilsher Blvd and Rodeo Dr and I found Jeff to be a very warm and personalble man. He was not all lawyer talk but he did have a clear understanding of the law and how Americans have been raped by the banksters and servicers. He did give me a mouth full of all the technical and legal issues that pertained to our case and for the first time I really believe that we were going to win this battle. Now after several months of him being on board I have come to really appreciate who I have as a defense team. I do think Jeff Barnes including his nationwide defense team are going to be a hero to many families who have been victimized by the banks. I also feel that they are going to make a big different in all the courts across this land, Just read about his wins on the Internet.
    We always believed that the banksters had no standing, because of the securitization issues, the mortgage companies and servicers bankruptcy’s, but at this point I can only have faith in Jeff and my own case because we are just now realizing that all the documents that were submitted by Golson’s firm were possibly fake and forged by some very complex machinery that forged our names. We are going to find out who did this. But we have the proof now and Jeff has presented it to the court, will our Judge rule on the truth now?
    If not Jeff will appeal imidiatlely. My biggest consern now is that some judges still dont get it and many peoplel feel that some judges are acting like collectors for the big banks.
    If we are right about the fraud on the court then when will these people go to jail? I believe that the board of directors of US Bank and SN Servicing may be Criminals involved in Racketeering and Corruption at its highest level but are they being shielded by the system to prevent the truth from coming out and the collapse of their profits?
    US Bank and SN Servicing has hired new attorneys now, then they too dropped out, begging the court to let them out of any liability ( we said no way and won that motion ) Did they probably realized that the doc’s were fraud on the court and wanted no part of it? Now a new law firm has been hired but guess what? These guys have a background in Criminal Defense. Is this to provide legal advice to keep the banksters and servicers out of jail as they continue to try and foreclose on us with possibly forged documents? Who really knows for sure. Soooo If you can, hire Jeff Barnes do it no matter what it takes because he is the best you are going to find when it comes to fighting the banksters. He trains other attornies on how to fight with the right tools in court and now many of them are winning too. Good Luck People and May God Bless You, Yours and Jeff Barnes.
    Thanks, Ray Shelton

  5. “I’m pleased to report that the Canadian Business Journal has published my article on the dangers of buying foreclosed properties on in a six page spread, circulated in the United States and of course Canada.”

    Well, this is good news but it will not deter anyone willing to gamble. What we need to see is real investors of hard-earned money (pension plans, annuities in lieu of cash-up-front for damages sustained or whole life insurance policy holders for example) realizing that real estate will ruin it for them no matter how they slice it. Since most of those are in the hands of banks, we need to see them walk away and invest elsewhere to know that it worked.

  6. Do the Garfield guys work on contingency –ever? Just help in settlements would be a real plus for people; Motto should be if nothing else —–WE GET THE ORIGINAL NOTE BACK or a surety bond –when the house is siezed —cause they will be back knocking on your door with something that looks a lot like the original [eg an auto-pen signed copy using the signature that was scanned —unless you file bankruptcy—the nasty thing about the UCC is it allows double collection

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