Category Archives: Belial Bank

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Independent Foreclosure Review – How Close Will They Look?

Posted on by Phil Querin

On April 13, 2010, the Office of Comptroller of the Currency (OCC), together with the Board of Governors of the Federal Reserve Board (FRB), and the Office of Thrift Supervision (OTS) announced that it had commenced enforcement actions against 14 large residential mortgage servicers and two third-party vendors for improper practices arising out of their […]

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Posted in B. L. Zebub, Belial Bank, Financial Crisis, Foreclosure, Legislation - Federal, Lenders, Market Conditions, Miscellany, Real Estate/Distressed, Servicers | Tagged , , , , ,

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. […]

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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 […]

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

Triage Time At Belial Bank – U.S. Bank vs. Flynn

Posted on by Phil Querin

“…any assignments of the beneficial interest must be recorded in order for a non-judicial foreclosure to comply with the Oregon Trust Deed Act.  The defendant [borrower] presented evidence in Exhibit 104 that by December 4, 2009, and apparently through December 11, 2010, Freddie Mac was the owner of the mortgage and therefore the holder of […]

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Posted in Belial Bank, Foreclosure Mills, Miscellany, Real Estate/Distressed, Servicers, Short Sales, Trust Deeds | Tagged , , , , , , , , , , ,

Exclusive Interview with Belial Bank’s Chief Lobbyist and PR Man Ѱ

Posted on by Phil Querin

Regretfully, I cannot disclose how the following transcript fell into my hands.  I have guaranteed the complete anonymity of my source, who participated in the surreptitious recording of a recent face-to-face interview with Kenneth Y. Slick, III, chief lobbyist and head of public relations for Belial Bank.  Mr. Slick has been affiliated with Belial Bank […]

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Posted in B. L. Zebub, Belial Bank, Foreclosure, Foreclosure Mills, Legislation - Oregon, Lenders, Market Conditions, Miscellany, Real Estate General, Real Estate/Distressed, Servicers | 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 […]

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