Category Archives: Bankruptcy

MERS Musings – James v. ReconTrust, Bank of America, et. al. Analyzed [Part One]

Posted on by Phil Querin

“[The defendant banks] categorize [the plaintiff borrowers] as ‘strategic defaulters’ who are riding out their admitted default by raising frivolous legal challenges while continuing to live in the subject property rent-free until foreclosure of the Deed of Trust, knowing that they will be immunized by the OTDA from any deficiency judgment upon eventual foreclosure. – Hon. […]

Continue reading “MERS Musings – James v. ReconTrust, Bank of America, et. al. Analyzed [Part One]” »

Posted in Bankruptcy, Belial Bank, Foreclosure, HyperLynx, Mortgage Insurance, Real Estate/Distressed, Short Sales, Tax Issues | Tagged , , , , , , ,

MERS Surrenders!

Posted on by Phil Querin

“You got to know when to hold ’em, know when to fold ’em, know when to walk away, know when to run” [The Gambler, by Kenny Rogers, 1978] This isn’t really late-breaking news.  It’s been under internal discussion for months, but now it’s official:  MERS is out of the foreclosure business.  Read the full story […]

Continue reading “MERS Surrenders!” »

Posted in Bankruptcy, Belial Bank, Foreclosure, MERS, Miscellany | Tagged , , , , , , ,

The Meat of the Matter – In Re: Veal Analyzed

Posted on by Phil Querin

“When a note is split from a deed of trust ‘the note becomes, as a practical matter, unsecured.’ *** Additionally, if the deed of trust was assigned without the note, then the assignee, ‘having no interest in the underlying debt or obligation, has a worthless piece of paper.’” [In re Veal – United States Bankruptcy […]

Continue reading “The Meat of the Matter – In Re: Veal Analyzed” »

Posted in Bankruptcy, Foreclosure, Legislation - Oregon, Market Conditions, Miscellany, Real Estate General, Real Estate/Distressed | Tagged , , , , , , , , ,

Another Bad Day At The Foreclosure Mill….

Posted on by Phil Querin

sat·ire/ˈsaˌtī(ə)r/Noun – The use of humor, irony, exaggeration, or ridicule to expose and criticize people’s stupidity or vices, particularly in the context of contemporary politics and other topical issues. Wikipedia [The following bit of satire is intended to be read immediately before or after my recent post regarding a class action lawsuit filed against Lender […]

Continue reading “Another Bad Day At The Foreclosure Mill….” »

Posted in B. L. Zebub, Bankruptcy, Belial Bank, Foreclosure, Foreclosure Mills, Miscellany, Real Estate General, Real Estate/Distressed, Servicers | Tagged , , , , , , , , ,
  • Categories

  • Archives