tag:blogger.com,1999:blog-19219224319500596322024-02-19T00:40:47.189-05:00OHIO FRAUDclosureStopping the FRAUD in OHIO foreclosuresOHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.comBlogger90125tag:blogger.com,1999:blog-1921922431950059632.post-42319781118213251602012-11-20T13:42:00.002-05:002012-11-23T21:52:03.090-05:00Former Ohio AG - 6 month license suspension<h1>
<span style="font-size: large;">Ohio Supreme Court upholds suspension</span></h1>
<strong>Former Ohio Attorney General loses appeal, and has license suspended for 6 months</strong><br />
<strong><img border="0" rea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCnkXSF8iA7cQIG48gicvfbzSMEb-ecwNBDgRAy3JxbJdbysLa4wTKh5oskgM-4WmvTXA2VEakmFKx1Gc1JVE1jT5V2pAYKRgxkpBwXDyvTb6LvkBVPUSTUnx5tw7mxNWN5c9YV4w2P8sp/s1600/Marc+Dann.jpg" /><span style="font-size: xx-small;"><em>Former Ohio Attorney General Marc Dann</em></span></strong><br />
The Ohio Supreme Court announced a decision in a long dragged out process to punish the former state attorney general - Marc Dann. The punishment will simply be a six-month law license suspension. This action, in part, is for a 2009 conviction in which he was charged with mishandling campaign funds for personal uses. The crimes were misdemeanors and Dann has since paid a $1,000 fine and completed 500 hours of community service. <br />
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Marc Dann, a true hero to <a href="http://ohiofraudclosure.blogspot.com/2012/08/thousands-of-ohio-homeowners-foreclosed.html" target="_blank">homeowners fighting fraudulent foreclosures</a>, resigned his attorney general post in 2008 after a turbulent 17 months in office. He has been working, as a private practice attorney, in an office located in Cleveland. Although we expect the negative media to be on full display, Marc Dann is a great leader, lawyer, and consumer advocate. We look forward to his return.<br />
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<strong>Related:</strong> <strong><em><a href="http://ohiofraudclosure.blogspot.com/2012/07/ohio-bombshell-former-ag-takes-on-lps.html" target="_blank">Ohio Bombshell: Former AG takes on LPS, Mills & Servicers</a></em></strong><br />
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For some time Dann has continued with a legal effort to fight the somewhat lengthy suspension. Dann had clearly "paid-his-debt" to society with long and continued efforts of pro-bono work. Dann's legal team had asked the Supreme Court of Ohio for leniency from a suspension recommended by the State Attorney Disciplinary Board. The disciplinary board of commissioners (on Grievances and Discipline) surprisingly sought to override a decision reached by The Office of Disciplinary Counsel. The Disciplinary Counsel, which acts as prosecutor in attorney discipline cases, had initially recommended a stayed six-month suspension that would have allowed Dann to continue his work in private practice. But it was overruled by the state Attorney Disciplinary Board, which after much wrangling (politically motivated?) recommended a flat six-month suspension. Today's decision from the Supreme Court has upheld the six-month suspension.<br />
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Dann's Cleveland law firm, issued a statement through Attorney Grace Doberdruk: <strong><em>"We have received notice that the Supreme Court has chosen to suspend our partner, Marc Dann, for six months. The suspension is the culmination of proceedings against Marc that began in 2008. While we are saddened by the Supreme Court’s decision, we respect it. Doberdruk & Harshman Law Office will continue to stand up to banks and big business in the interests of homeowners, consumers, working people and small businesses. We are proud of the work that we do to protect the rights of the hard working people we count among our clients and will continue to wage the battle against foreclosure.</em></strong><br />
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Additionally, Doberdruk & Harshman issued the following: <strong><em>"We have been upfront with all of our clients about the possibility of such a decision, disclosing the pending complaint in our client agreements and providing email, letter and blog updates on the matter,"</em></strong> {and} <strong><em>"We are confident in our ability to continue to successfully represent our clients."</em></strong><br />
The law firm will remove Dann's name during the suspension, and will be known as: <br />
Doberdruk & Harshman Law Office<br />
4600 Prospect<br />
Cleveland OH 44103<br />
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Today, in rejecting Dann’s argument for a stayed license suspension, the court wrote:<br />
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<strong><em>“Like judges, the attorney general has a heightened duty to the public by virtue of his elected office. As the chief law officer for the state, the attorney general is charged with providing legal representation and advice to all officers, boards, heads of departments, and institutions of this state,</em></strong>”<br />
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<strong><em>“While we recognize that Dann has offered substantial mitigating evidence, we note that he has previously been disciplined by this court,.....{and} He also engaged in this unlawful conduct while serving as the state’s chief legal officer and one of the most recognizable attorneys in this state.”</em></strong><br />
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<strong><em>“For that reason, the work of the attorney general touches upon virtually all areas of our state government....“Thus, Dann’s criminal and ethical violations reflect poorly on his fitness to practice law and the legal profession as a whole, but also cause incalculable harm to the public perception of the attorney general’s office and those government agencies, departments, and institutions that the attorney general advises and represents.”</em></strong><br />
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<strong><em><strong>Slip Opinion: Disciplinary Counsel v. Dann, No. 2012-Ohio-5337 (<a href="http://www.supremecourt.ohio.gov/rod/docs/pdf/0/2012/2012-Ohio-5337.pdf" target="_blank">HERE</a>)</strong></em></strong><br />
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OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com3tag:blogger.com,1999:blog-1921922431950059632.post-63902918322590564952012-10-31T11:06:00.002-04:002012-10-31T15:01:34.722-04:00Ohio Supreme Court: Bombshell win for homeowners<strong>BOMBSHELL WIN: Schwartzwald vs. Federal Home Loan (Freddie Mac)</strong><br />
<strong>Lack of standing CANNOT be cured or remedied with a later assigned mortgage</strong><br />
<strong>Judgement REVERSED and CASE DISMISSED</strong><br />
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<strong><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Explosive Legal News: </span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Supreme Court of OHIO: </span></span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="mso-spacerun: yes;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Cases: <span style="mso-spacerun: yes;"><span style="font-family: Times New Roman;">Nos. 2011-1201 and 2011-1362 - Submitted April 4, 2012</span></span></span></span></span></span></strong></div>
Decided: October 31, 2012 <br />
<strong><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="mso-spacerun: yes;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Written Opinion: Judge Terrance O'Donnell</span></span></span></span></strong><strong><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="mso-spacerun: yes;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><i style="mso-bidi-font-style: normal;"><span style="font-family: Times New Roman;"></span></i></span></span></span></span></strong><br />
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O’C<span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;">ONNOR</span></span><span style="font-family: Times New Roman;">, C.J., and P</span><span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;">FEIFER</span></span><span style="font-family: Times New Roman;">, L</span><span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;">UNDBERG </span></span><span style="font-family: Times New Roman;">S</span><span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;">TRATTON</span></span><span style="font-family: Times New Roman;">, L</span><span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;">ANZINGER</span></span><span style="font-family: Times New Roman;">, C</span><span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;">UPP</span></span><span style="font-family: Times New Roman;">,</span>and M</div>
<span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;">C</span></span><span style="font-family: Times New Roman;">G</span><span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;">EE </span></span><span style="font-family: Times New Roman;">B</span><span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;">ROWN</span></span><span style="font-family: Times New Roman;">, JJ CONCUR</span><br />
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<span style="font-family: "Times New Roman", "serif"; mso-fareast-font-family: 'Times New Roman';"><strong><strong><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">This is a major victory and EXPLOSIVE NEWS in the FRAUDclosure battle</span></strong></strong></span><br />
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<strong>Federal Home Loan Mortgage Corp. v. Duane Schwartzwald et al. (<a href="http://www.sconet.state.oh.us/rod/docs/pdf/0/2012/2012-Ohio-5017.pdf" target="_blank">HERE</a>)</strong><br />
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<span style="font-family: "Times New Roman", "serif"; mso-fareast-font-family: 'Times New Roman';"><strong>The Supreme Court of Ohio ruled that <em>standing</em> to initiate a mortgage foreclosure lawsuit is determined on the date the complaint is filed. A foreclosing party, which lacked standing at the time the suit was filed, CANNOT remedy that defect by obtaining an assignment of a mortgage and promissory note AFTER the filing of the foreclosure action but prior to an entry of a final judgment.<br /><br />The court’s 7-0 unanimous decision dismissed a decree of foreclosure granted to Federal Home Loan Mortgage Corporation FHLMA (AKA "Freddie Mac") against Duane and Julie Schwartzwald because FHLMA did not have standing at the time it filed the foreclosure action.</strong></span><br />
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<span style="font-family: "Times New Roman", "serif"; mso-fareast-font-family: 'Times New Roman';"><strong>Congratulations to the court for making the right decision and for upholding the law. Many similar cases were cited from other states to support the decision. Congratulations to fine attorney ANDREW ENGEL for fighting this battle on behalf of the Schwartwald family (no longer in the home) and attorney </strong></span><strong><a href="http://brucembroyles.blogspot.com/" target="_blank">BRUCE BROYLES</a> for submitting an amicus brief on behalf of this blog</strong><br />
<strong>OHIO FRAUDCLOSUE (<a href="http://www.sconet.state.oh.us/pdf_viewer/AttachmentFiles/702641.pdf" target="_blank">our amicus brief here</a>) and OHIO homeowners</strong><br />
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<strong><u>COURT FINDS:</u></strong><br />
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</span><span style="font-family: Times New Roman;"><strong>{¶41}</strong>It is fundamental that a party commencing litigation <strong>must have </strong></span><strong>standing to sue </strong>in order to invoke jurisdiction of the common pleas court. Civ.R. 17(A) does not change this principle, and a lack of standing at the outset of litigation <strong>cannot be cured by receipt of an {later post filing} assignment ....</strong> or by substitution of the real party in interest.
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<span style="font-family: Times New Roman;"><strong>{¶42}</strong></span><span style="font-family: Times New Roman;"><strong>Here it is undisputed that <u>Federal Home Loan did not have </u></strong><strong><u>standing</u> at the time it commenced this foreclosure action</strong>, and therefore it failed... </span><strong>Accordingly, the judgment of the court of appeals is reversed, and the cause is dismissed.</strong><br />
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<strong><u>OTHER STATE DECISIONS were relied upon:</u></strong></div>
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<strong>{¶27}This principle accords with decisions from other states holding that standing is determined as of the filing the complaint.</strong></div>
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<i><span style="font-family: Times New Roman;">See, e.g., <strong>Deutsche Bank Natl. Trust v. Brumbaugh</strong></span></i><span style="font-family: Times New Roman;"><strong>, 2012 OK 3, 270 P.3d 151</strong>, ¶ <strong>11</strong> (“If Deutsche Bank became a person entitled to enforce the note as either a holder or nonholder in possession who has the rights of a holder </span><i><span style="font-family: Times New Roman;">after the foreclosure action was filed</span></i><span style="font-family: Times New Roman;">, then the case may be dismissed without prejudice * * *” [emphasis added]); </span><br />
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<i><span style="font-family: Times New Roman;"><strong>U.S.Bank Natl. Assn. v. Kimball</strong></span></i><span style="font-family: Times New Roman;"><strong>, 190 Vt. 210, 2011 VT 81, 27 A.3d 1087,</strong> ¶ 14 (“U.S. Bank was required to show that </span><i><span style="font-family: Times New Roman;">at the time the complaint was filed </span></i><span style="font-family: Times New Roman;">it possessed the original note either made payable to bearer with a blank endorsement or made payable to order with an endorsement specifically to U.S. Bank” [emphasis </span>added]); </div>
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<i><span style="font-family: Times New Roman;"><strong>Mtge. Electronic Registration Sys., Inc. v. Saunders</strong></span></i><span style="font-family: Times New Roman;"><strong>, 2010 ME 79, 2 A.3d </strong><strong>287</strong>, ¶ 15 (“Without possession of or any interest in the note, MERS </span><i><span style="font-family: Times New Roman;">lacked </span></i>standing to institute <span style="font-family: Times New Roman;">foreclosure proceedings and could not invoke the jurisdiction </span>of our trial courts” [emphasis added]); </div>
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<i><span style="font-family: Times New Roman;"><strong>RMS Residential Properties, L.L.C. v.</strong></span></i><strong>Miller</strong><span style="font-family: Times New Roman;"><strong>, 303 Conn. 224, 229, 232, 32 A.3d 309 (2011)</strong>, quoting </span><i><span style="font-family: Times New Roman;">Hiland v. Ives</span></i><span style="font-family: Times New Roman;">, 28 </span>Conn.Supp. 243, 245, 257 A.2d 822 (1966) (explaining that “ ‘[s]tanding is the legal right to set judicial machinery in motion’ ” and holding that the plaintiff had standing because it proved ownership of the note and mortgage at the time it commenced foreclosure action); <br />
<i><span style="font-family: Times New Roman;"><strong>McLean v. JP Morgan Chase Bank Natl. Assn.</strong></span></i><span style="font-family: Times New Roman;"><strong>, </strong></span><strong>79 So.3d 170, 17 (Fla.App.2012)</strong> (“the plaintiff must prove that it had standing to foreclose when the complaint was filed”); <i><span style="font-family: Times New Roman;">see also <strong>Burley v. Douglas</strong></span></i><span style="font-family: Times New Roman;"><strong>, 26 So.3d </strong></span><strong>1013, 1019(Miss.2009),</strong> quoting <i><span style="font-family: Times New Roman;">Lujan v. Defenders of Wildlife</span></i><span style="font-family: Times New Roman;">, 504 U.S. 555, </span>571, 112 S.Ct. 2130, 119 L.Ed.2d 351 (1992), fn. 5 (“ ‘standing is to be determined as of the commencement of suit’ ”); <br />
<i><span style="font-family: Times New Roman;"><strong>In re 2007 Administration of </strong></span></i><strong>Appropriations of Water of the Niobrara</strong><span style="font-family: Times New Roman;"><strong>, 278 Neb. 137, 145, 768 N.W.2d 420 </strong></span><strong>(2009)</strong> (“only a party that has standing may invoke the jurisdiction of a court or tribunal. And the junior appropriators did not lose standing if they possessed it under the facts existing when they commenced the litigation” [footnote omitted]).</div>
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<strong><u>PREVIOUS Ohio circuit court decisions:</u></strong></div>
</span><span style="font-family: Times New Roman;"><strong>{¶34}</strong> Thus the <strong>Third and the Ninth Circuits</strong> have rejected the notion that Fed. R. Civ. P. 17(a), on which Civ.R. 17(A) is based, allows a party with no personal stake in a controversy to file a claim on behalf of a third party, obtain the cause of action by assignment, and then have the assignment relate back to commencement of the action {and} </span><span style="font-family: Times New Roman;">“Rule 17(a) does not apply to a situation where a party with no cause of action files a lawsuit to toll the statute of limitations and later obtains a cause of action through assignment. Rule 17(a) is the codification of the salutary principle that an action should not be forfeited because an honest mistake; it is not a provision to be distorted by parties to circumvent the limitations period. </span><br />
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<strong>{¶37}</strong> <strong>Other </strong><span style="font-family: Times New Roman;"><strong>courts have also determined that plaintiff cannot rely on </strong><strong>procedural rules similar to Civ.R. 17(A) to cure a lack of standing at the </strong><strong>commencement of litigation. </strong></span><i><span style="font-family: Times New Roman;"><strong>Davis v. Yageo Corp.</strong></span></i><span style="font-family: Times New Roman;"><strong>, 481 F.3d 661, 678 (9th </strong><strong>Cir.2007)</strong></span><br />
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<span style="font-family: Times New Roman;"><strong>{¶38}We agree with the {above} reasoning and analysis presented in these cases</strong>. </span><strong>Standing is required to invoke the jurisdiction of the common pleas court. Pursuant to Civ.R. 82, the Rules of Civil Procedure do not extend the jurisdiction of the courts of this state, and a common pleas court cannot substitute a real party in interest for another party if no party with standing has invoked its jurisdiction in the first instance</strong></div>
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<strong>JUDGEMENT REVERSED AND CASE DISMISSED</strong><br />
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<strong>Andrew M. Engel, for appellants</strong>.</div>
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<strong><a href="http://www.brucebroyleslaw.com/" target="_blank">Bruce M. Broyles</a>, urging reversal for amici curiae Homeowners of the</strong></div>
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<strong>State of Ohio and Ohiofraudclosure.blogspot.com.</strong></div>
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Advocates for Basic Legal Equality, Inc., and Andrew D. Neuhauser;</div>
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Legal Aid Society of Cleveland and Julie K. Robie; Legal Aid Society of</div>
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Southwest Ohio, L.L.C., and Noel M. Morgan; Community Legal Aid Services,</div>
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Inc., Christina M. Janice, and Paul E. Zindle; and Ohio Poverty Law Center and</div>
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Linda Cook, urging reversal for amici curiae Advocates for Basic Legal Equality,</div>
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Inc., Legal Aid Society of Cleveland, Legal Aid Society of Southwest Ohio,</div>
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L.L.C., Community Legal Aid Services, Inc., Ohio Poverty Law Center, Legal</div>
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Aid Society of Columbus, Southeastern Ohio Legal Services, Legal Aid of</div>
Western Ohio, and Pro Seniors, Inc.</span>
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OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com6tag:blogger.com,1999:blog-1921922431950059632.post-57057469670229482342012-10-22T01:23:00.001-04:002012-10-22T01:36:22.313-04:00Obama: "too many homes underwater"FINALLY !!!- President Obama addresses "underwater homeowners" + Call to action<br />
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<strong> Weekly Presidential address - Saturday October 20th 2012 </strong><br />
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........."Too many families are still having a hard time making the mortgage on their piece of the American Dream, {and} now we have to build on the progress we’ve made, and keep moving forward. I never believed that the best way to deal with the housing market was to just sit back, do nothing, and simply wait for things to hit bottom. {I.E. The Romney Plan}That would have been a disaster for all the responsible families who – through no fault of their own – were struggling to make ends meet. Instead, I’ve made helping those homeowners a priority.<br />
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Since I took office, my Administration has taken action to help millions of families stay in their homes. </div>
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We teamed up with attorneys general in almost every state to investigate and crack down on the practices that caused this mess. And in the end, we secured a $25 billion settlement from the biggest banks – one of the biggest settlements in history – and used it to provide relief to families all across America.</div>
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We’ve taken action to help responsible homeowners refinance their mortgages. As a result, just this year hundreds of thousands of Americans who were stuck in high-interest loans have been able to take advantage of historically low rates and are saving thousands of dollars every year. </div>
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And now I want every homeowner in America to have that chance. I just wish it didn’t require an act of Congress. But it does. So, back in February, I sent Congress a plan to give every responsible homeowner the chance to save about $3,000 a year on their mortgage by refinancing at historically low rates. That’s the equivalent of a $3,000 tax cut.</div>
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It’s a plan that we know will work. It has the support of independent, nonpartisan economists and leaders across the housing industry. It’s a no-brainer that should have passed easily. </div>
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But Republicans in Congress banded together and kept this plan from even coming to a vote. They banded together and prevented millions of Americans – including many of you listening today – from saving $3,000 a year. That’s money that could have gone back into the value of your home, or your kid’s college savings account. That’s money that could have gone into your local businesses, so they could hire and create more jobs in your town. </div>
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But Republicans in Congress still won’t let that happen. And that’s only held back the economy, when we should be doing everything we can to accelerate our economic engine. Let’s be honest – Republicans in Congress won’t act on this plan before the election. But maybe they’ll come to their senses afterward if you give them a push. So contact your Representative, especially if this plan will help you or someone you know. Tell him or her that American homeowners have waited long enough. Tell them that it’s time for Congress to stop standing in the way of our recovery and to start standing up for you."</div>
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Full White House transcript (<a href="http://www.whitehouse.gov/the-press-office/2012/10/19/weekly-address-congress-should-join-president-help-responsible-homeowner" target="_blank">HERE</a>)<br />
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Related Post: HOME IS WHERE THE VOTE IS - Campaign - (<a href="http://ohiofraudclosure.blogspot.com/2012/08/home-is-where-vote-is.html" target="_blank">HERE</a>)</div>
OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-18601987428517297912012-10-05T00:40:00.001-04:002012-10-17T11:34:28.268-04:00DEBATE: What Housing Crisis?<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKzc1vRTA_f9o137dHvosFpkIEDnE52X86uDUpuktITH_bvUKiZRkPh9rPKuTUxMBOd0Q_v_5kw62kwqeAATSZBeYScU9r1x7m8CBJZucRo8S24Yv59Yf1m_cplapbzWmXgvR4GQesG9-z/s1600/Debate+Help+Foreclosure.bmp" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="292" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKzc1vRTA_f9o137dHvosFpkIEDnE52X86uDUpuktITH_bvUKiZRkPh9rPKuTUxMBOd0Q_v_5kw62kwqeAATSZBeYScU9r1x7m8CBJZucRo8S24Yv59Yf1m_cplapbzWmXgvR4GQesG9-z/s400/Debate+Help+Foreclosure.bmp" width="400" /></a><em><span style="font-size: xx-small;"><strong>Eric Gay - Associated Press</strong></span></em></div>
A Housing and Foreclosure Crisis? What? Is there is still a housing crisis? That should be your reaction after Tuesday nights' second presidential debate failed to touch upon the topic that started the great recession. In the first debate, October 3rd, both President Obama and Governor Romney steered clear of addressing the foreclosure crisis that helped push the country into a recession, devastated millions of families and has continued to hold back the economy or even resemble a recovery. You may have by now come to the conclusion - <a href="http://ohiofraudclosure.blogspot.com/2012/08/the-big-lie-foreclosure-issues-resolved.html" target="_blank">The Housing Crisis is Over</a>.<br />
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<strong><u>Tracy Van Slyke, Director at New Bottom Line @ HuffingtonPost:</u></strong><br />
<h1 class="title-blog">
<span style="font-size: small;">HuffPost Politics Blog: <a href="http://www.huffingtonpost.com/tracy-van-slyke/post_3959_b_1939365.html?" target="_blank"><span style="color: red;"><em>The Real Debate Loser: The Voters </em></span></a></span></h1>
<span style="font-family: Arial, Helvetica, sans-serif;"><strong>President Obama and Governor Romney gingerly sidestepped into housing and Wall Street abuse for an estimated two minutes. That seems like enough time to talk about, oh you know, <em>the reason </em>our economy is in the tank, millions of jobs lost, life savings ripped away, over 15 millions homeowners underwater, and millions of others unfairly (and often illegally) foreclosed on.</strong></span><br />
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<strong><span style="font-family: Arial, Helvetica, sans-serif;">There was nothing about any attempts to hold Wall Street accountable for crashing the economy. There was zip about how to help the millions of homeowners still suffering. There were no policy proposals debated, much less put forth, including potential major solutions such as principal reduction, which economists from both ends of the political spectrum, say is key to get rebuilding our economy. </span></strong><br />
<span style="font-family: Arial, Helvetica, sans-serif;"><strong>But even though I'm angry and depressed right now, I'm not going to give up. Neither will the <a href="http://ohiofraudclosure.blogspot.com/2012/10/underwater-homeowner-vote-may-turn.html" target="_blank">homeowners and underwater voters pressuring the candidates</a> to talk real solutions, not regurgitate attack ads. There's too much at stake. </strong></span><br />
<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/VkOqAUZQy8A" width="560"></iframe><br />
<span style="font-family: Arial;"><strong>* Only eight months ago, the president delivered 20 minutes of rhetoric on foreclosures, Wall Street crimes and how it wrecked the economy. He bragged on how the administration had made fixes and it was a top priority to repair the economy and hold Wall Street accountable!</strong></span><span style="font-family: Arial;"><strong>.....what happened? </strong></span><strong><span style="font-family: Arial;">Try to watch even 10 minutes of the above video...any 10 minutes...why how about any 5 minutes or even 3 minutes. If you watch even a 2 minute clip...it will be more time ...than the president spent on this topic - during the entire debate.</span></strong><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT79MdU5xrjaNPOZhvX-VjRHGTCVwBN6dkSLLcg7TEXeFaLiCi-DKrPxFXRVkmWhv1YzppCkyq4H63C4ftFgo66_BJJBZQRvufu31KesHviBfB-XR4QLiwfjsHJzjJJjA2al2uaGkFfIvP/s1600/HomeVoteIsLogo%5B2%5D.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="174" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT79MdU5xrjaNPOZhvX-VjRHGTCVwBN6dkSLLcg7TEXeFaLiCi-DKrPxFXRVkmWhv1YzppCkyq4H63C4ftFgo66_BJJBZQRvufu31KesHviBfB-XR4QLiwfjsHJzjJJjA2al2uaGkFfIvP/s200/HomeVoteIsLogo%5B2%5D.png" width="200" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><strong>Over the next few weeks, our </strong></span><a href="http://www.homeiswherethevoteis.com/" target="_hplink"><span style="font-family: Arial, Helvetica, sans-serif;"><strong>Home Is Where The Vote Is</strong></span></a><span style="font-family: Arial, Helvetica, sans-serif;"><strong> campaign will continue to pressure both candidates to address the housing crisis as they travel the country talking to voters and homeowners in key swing states like </strong></span><a href="http://www.homeiswherethevoteis.com/nevada" target="_hplink"><span style="font-family: Arial, Helvetica, sans-serif;"><strong>Nevada,</strong></span></a><span style="font-family: Arial, Helvetica, sans-serif;"><strong> </strong></span><a href="http://www.homeiswherethevoteis.com/ohio" target="_hplink"><span style="font-family: Arial, Helvetica, sans-serif;"><strong>Ohio</strong></span></a><span style="font-family: Arial, Helvetica, sans-serif;"><strong>,</strong></span><a href="http://www.homeiswherethevoteis.com/colorado" target="_hplink"><span style="font-family: Arial, Helvetica, sans-serif;"><strong> Colorado</strong></span></a><span style="font-family: Arial, Helvetica, sans-serif;"><strong> and Florida. President Obama and Governor Romney ignore underwater voters in these swing states at their own peril.</strong></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;"><strong>We will call on the next presidential debate moderator, Candy Crowley, to fill the void left by her predecessor and to make the connection that the American people want to know which candidate can fix the housing crisis and rebuild our economy.</strong></span><br />
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<strong><u>From Jed Kolko, chief economist for Trulia:</u></strong><br />
<h1>
<a href="http://trends.truliablog.com/2012/10/the-first-presidential-debate/" rel="bookmark" title="The First Presidential Debate: Apparently, This Housing Crisis Is Over"><span style="color: red; font-size: small;"><em>The First Presidential Debate: Apparently, This Housing Crisis Is Over </em></span></a></h1>
<strong>......First,</strong> in his opening remarks, Obama said "housing has begun to rise." He’s right: the housing market is in better shape today than when he took office in 2009. More surprising was that Romney didn’t argue. Romney did point out several ways that broader economic performance worsened during Obama’s presidency, but the housing market wasn’t one of them. Had Romney wanted to point to the ongoing pain from the housing crisis, he could have pointed to the stubbornly high foreclosure rate in many states or the fact that the market is still <a href="http://trends.truliablog.com/2012/09/housing-market-leaps-to-42-back-to-normal/">not even halfway back to normal</a>. But he didn’t.<br />
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<strong>Second,</strong> Obama and Romney were more focused on preventing the next housing crisis than getting out of this one. They mentioned housing only in their brief debate over government regulation. Obama cited banks’ risky lending practices in the past as reason for why regulation is important for the future. Romney got into the weeds, agreeing that mortgage regulation is important and, in fact, blamed the continued uncertainty over the Dodd-Frank <em>"qualified mortgage" </em>rules** for banks’ {and their} reluctance to lend today. <br />
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But that was about it for housing. There’s a long list of what the candidates <span style="text-decoration: underline;">didn’t</span> say about housing. Not a word about refinancing, principal reductions, selling government-owned foreclosed homes, or the mortgage interest deduction – all hot-button housing issues. Why wasn’t there more debate over housing? Two {Bronx} cheers to the candidates for focusing on rules to prevent the <span style="text-decoration: underline;">next</span> housing <br />
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<span style="font-family: Arial;"><em><strong>*</strong></em> <span style="font-family: Times New Roman;">President Obama discusses a proposal to help more responsible homeowners refinance their mortgages at today's historically low interest rates. February 1, 2012.</span></span><br />
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**A "qualified mortgage," is a mortgage meeting standards (with legal & financial measurement parameters)that automatically "count" (qualify) the mortgage as being within a borrower's ability to repay.<br />
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~OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-45102051091483308012012-10-02T11:39:00.001-04:002012-10-03T12:19:01.338-04:00Underwater Homeowner Vote may turn electionThe cheer leading and rah-rah, heard at the presidential conventions, has long since died down. BUT, both candidates left a huge election topic (Housing) unaddressed, and as a result, the door is now wide open, to speak directly on <strong>Foreclosures and Underwater Homeowners</strong>. It is important that both men address these two (2) related issues instead of repeating & summarizing all the problems by using drone like rhetoric and simply calling it a <strong>Housing Crisis.</strong><br />
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<strong><u>ELECTION NEWSFLASH: </u></strong><br />
President Obama - you - and Governor Romney will be competing for votes of millions of homeowners. As presidential candidates, you need to address <strong>the housing issues</strong> (<strong><em>Underwater Mortgages</em></strong>, <em><strong>Foreclosure,</strong></em> <strong><em>Fraudclosure, principal reduction</em></strong>) especially in big <em>swing states</em> such as Ohio, Colorado, Nevada and Florida. Current estimates show there are between <a href="http://ohiofraudclosure.blogspot.com/2012/05/drowning-in-debt-underwater-mortgages.html" target="_blank"><span style="color: red;"><strong>12 - 16 million underwater homeowners</strong></span></a>, <br />
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<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/JsSoIrTQkWg?rel=0" width="560"></iframe><br />
<span class="long-title" dir="ltr" id="eow-title" title="Americans Speak Out About Underwater Housing - Home Is Where The Vote Is (Full)"><span style="font-size: large;"><span style="font-size: small;"><strong>3 Americans Speak About Foreclosure & Underwater Housing (OH, NV, CO)</strong></span></span></span><br />
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<strong><u>OHIO:</u></strong><br />
The housing crisis has hit OHIO harder....than but a handful of states. As a result, many OHIO VOTERS are underwater on their mortgages (mortgage debt is greater than value of home) Recent housing market data shows more than a half a million (529,834) OHIO mortgages are underwater. What does that mean?<br />
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<strong>*1 Million (1,000,258)</strong> Ohio eligible voters are underwater<br />
<strong>12% of the eligible voters</strong> - underwater & <strong>528,834 home mortgages</strong> - underwater <br />
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<span style="font-size: x-small;">*To put these numbers in perspective, the number of <strong><em>Underwater Voters</em></strong> in Ohio (1,000,258) is OVER 1/3 of the total votes cast for the winning presidential candidate in 2008.</span><br />
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<strong><u>MESSAGE:</u></strong> <strong>OHIO VOTERS</strong><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpxY1KXIxVn6GYxzDoADSLNA-OTOKnZ6-acjN1DdJi1uV4MVkaEYdLt1GhRqlpk_oNYq_HQXi6M1Jec8p8KijGkcmI3AJS8B-6KkWCX7tTewiQPcTu-a3G5eu5X1mjWi92NhC_Ns4sOE_e/s1600/HomeVoteIsLogo%5B2%5D.png" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="173" mda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpxY1KXIxVn6GYxzDoADSLNA-OTOKnZ6-acjN1DdJi1uV4MVkaEYdLt1GhRqlpk_oNYq_HQXi6M1Jec8p8KijGkcmI3AJS8B-6KkWCX7tTewiQPcTu-a3G5eu5X1mjWi92NhC_Ns4sOE_e/s200/HomeVoteIsLogo%5B2%5D.png" width="200" /></a><strong>please join the <span style="font-size: large;">New Bottom Line</span> Campaign:</strong></div>
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<div style="text-align: center;">
<strong> <a href="http://www.homeiswherethevoteis.com/" target="_blank"><span style="color: red; font-size: x-large;">HOME IS WHERE THE VOTE IS</span></a></strong></div>
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The national campaign has put the agenda and vote of <strong>16 million underwater homeowners</strong> squarely on the national political agenda. <em><strong>‘Home is Where the Vote Is’</strong></em> is a multi state effort to have the candidates address the issue. <br />
These voters WILL influence and help decide the presidential election outcome!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD64wd6xbwZlDUDYh4BEQfcAjvyzx1R0vTMqWwUdHW_FWFnbCQlORfN7VYINhFPYYCUtubPtgPqkob-beAYo5V70QevUCKmMzTbgsEPvf91B6s6Q_U2vukl3886AEut_JEQEutr212qLdN/s1600/WhiteHouse+NBL+9-13-12.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="300" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD64wd6xbwZlDUDYh4BEQfcAjvyzx1R0vTMqWwUdHW_FWFnbCQlORfN7VYINhFPYYCUtubPtgPqkob-beAYo5V70QevUCKmMzTbgsEPvf91B6s6Q_U2vukl3886AEut_JEQEutr212qLdN/s400/WhiteHouse+NBL+9-13-12.jpeg" width="400" /></a></div>
<span style="font-size: xx-small;"><strong>Tracy Van-Slyke (Director of The New Bottom Line) & Mark Roarty (Ohio FRAUDclosure) take message to the White House</strong></span><br />
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<strong><em>RELATED: <a href="http://ohiofraudclosure.blogspot.com/2012/09/ohio-blogger-to-white-house-for-housing.html" target="_blank"><span style="color: red;">Ohio Blogger to White House for Housing Summit</span></a></em></strong><br />
<strong>The candidate that fails to seriously address foreclosures, underwater homeowners, and the resulting housing crisis WILL BE the candidate that loses! See below as </strong><strong>Tracy Van Slyke shares the importance (below) on the new HUFFPOST - <em>Firsthand</em></strong><br />
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<strong>Move video slider bar and begin at 10 minutes in - Shocking Truth Explained</strong><br />
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<strong>READ Huffingtonpost Business Blog</strong>:<br />
<strong><a href="http://www.huffingtonpost.com/tracy-van-slyke/a-challenge-to-obama-and-_b_1821360.html" target="_blank"><span style="color: red;">Underwater Voters Take Aim at Obama and Romney over Housing</span></a></strong><span style="color: red;"> </span><br />
....Neither President Obama nor Governor Romney has proposed the bold solutions needed to address the housing crisis at the root of the American economy’s troubles. Resetting mortgages to fair market value is essential to keeping families in their homes and the recovery of the US economy and job market. Economists from both sides of the political spectrum support it. Resetting those mortgages to fair market value would save the average underwater homeowner $543 per month, pumping $104 billion into the national economy every year. This would create 1.5 million jobs nationally<br />
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<strong><em>'Home is Where the Vote Is'</em></strong> is organized by The New Bottom Line, a growing movement of community organizations, congregations, and individuals working together to challenge big bank interests and fight for principal reduction for underwater homeowners. Allies mobilizing underwater voters this season include <strong><em><a href="http://rebuildthedream.com/" target="_blank">Rebuild the Dream</a></em></strong>, <strong><em><a href="http://www.righttothecity.org/" target="_blank">Right to the City</a></em></strong>, <strong><em><a href="http://www.homedefendersleague.org/" target="_blank">Home Defenders League,</a></em></strong> <strong><em><a href="http://ohiofraudclosure.blogspot.com/" target="_blank"><span style="color: blue;">Ohio FRAUDclosure</span></a></em></strong> and the hundreds of thousands of underwater homeowner and voting families.<br />
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<strong><a href="http://ohiofraudclosure.blogspot.com/2012/05/usa-foreclosed-and-blighted.html" target="_blank"><span style="color: red;">Our neighborhoods are being destroyed by foreclosed homes</span></a>. It's our communities that are deprived of hundreds of millions of dollars in revenue because too many homeowners have to unfairly pay the big banks instead of investing in local businesses</strong>. Entire communities are being blighted across our state and nation because of the failed policies and the on-going fraudulent practices of the big banks.<br />
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MORE: ...<a href="http://www.huffingtonpost.com/tracy-van-slyke/president-obama-home-is-w_b_1735016.html" target="_blank"><strong>Huffington Post<em> </em></strong><strong>Business Blog - by Tracy Van Slyke</strong></a><br />
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~OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com1tag:blogger.com,1999:blog-1921922431950059632.post-36326097310303778802012-09-27T01:53:00.004-04:002012-09-27T11:44:34.036-04:00U.S. Court sides with City of Cleveland v Wall Street<div style="text-align: center;">
<strong><strong><strong><span style="font-size: medium;"><a href="http://www.blogger.com/"></a><span id="goog_1558770508"></span><span id="goog_1558770509"></span><span id="goog_1558770527"></span><span id="goog_1558770528"></span>U.S. Federal Appeals court sides with City of Cleveland (Ohio)</span></strong></strong></strong></div>
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<strong><strong>UNITED STATES COURT OF APPEALS</strong></strong> </div>
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<span style="font-family: Times New Roman; font-size: x-small;"><span style="font-family: Times New Roman; font-size: x-small;"></span></span></div>
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<strong>FOR THE SIXTH CIRCUIT ANNOUNCES </strong></div>
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<strong>For years the City of Cleveland (Ohio) has fought a herculean battle against Banks, Wall Street and the lenders which almost destroyed the entire housing stock of Cleveland. The city fought to Hold Banks accountable in local courts, State and Federal courts and even all the way to the U.S. Supreme Court. Unfortunately, the well funded banks have spent millions litigating these cases, going "all-in" with a transparent effort and goal to financially wipe out the city (with legal expenses). The banks hoped, litigating these cases, even to the point of absurdity, would teach Cleveland (and other cities) a lesson - Don't take on Wall Street! To date, that strategy has worked well by applying "legal paralysis" (on-going litigation) in an effort to prevent the already "asleep at the wheel" federal agencies and regulators from acting.</strong><br />
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<strong>Fortunately, the U.S. Court of Appeals (for the Sixth Circuit) refuses to be "bought out" or "sell-out." The court continues to enforce the Rule of Law and even show the Supreme Court of Ohio they'll NOT allow the trashing of existing laws in favor of the Banks and Wall Street firms. Although this is not a win (on the merits of the suit), nonetheless, it holds <strike>co-conspirators</strike> Plaintiffs JP Morgan Chase (Chase Bank) responsible for procedurally abiding by the rules. </strong><strong>The Sixth Circuit, took the time, as part of their published decision, to opine on the foreclosure crisis and added some colorful commentary (below) on the havoc that Wall Street brought on the city.</strong><br />
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<span style="font-family: Times New Roman;"><strong><span style="font-family: Times New Roman;">C</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">HASE </span></span><span style="font-family: Times New Roman;">B</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">ANK </span></span></strong><span style="font-family: Times New Roman;"><strong>USA, N.A.,</strong> JPM</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">ORGAN </span></span><span style="font-family: Times New Roman;">C</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">HASE </span></span><span style="font-family: Times New Roman;">B</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">ANK</span></span><span style="font-family: Times New Roman;">, N.A., JPM</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">ORGAN </span></span><span style="font-family: Times New Roman;">M</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">ORTGAGE </span></span></span><br />
Acquisition Corp., and J.P. Morgan Securities, Inc.<br />
<i><span style="font-family: Times New Roman;"><strong>Plaintiffs-Appellants/Cross-Appellees</strong></span></i><br />
<strong><em>V.</em></strong><br />
<i><span style="font-family: Times New Roman;"><strong><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">CITY OF </span></span><span style="font-family: Times New Roman;">C</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">LEVELAND</span></span><span style="font-family: Times New Roman;">,</span></strong></span></i><br />
<i><i><span style="font-family: Times New Roman;"><strong>Defendant-Appellee/Cross-Appellant</strong> </span></i></i><br />
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<i><i><span style="font-family: Times New Roman;"><strong>READ CASE DECISION: </strong></span></i></i><a href="http://www.ca6.uscourts.gov/opinions.pdf/12a0348p-06.pdf" target="_blank"><strong><span style="color: red;">CASE <span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">Nos. 10-4115/4116</span></span></span></strong></a><br />
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<strong><u>KAREN NELSON MOORE, Sixth Circuit Judge:</u></strong><br />
<strong>.....The foreclosure crisis that swept the nation in the latter half of the past decade hit Cleveland particularly hard. It also led to this litigation. Though this case has - as its background - such weighty factual topics as subprime-mortgage lending, foreclosures, and the precarious economic state of the post industrial Midwest, <u>the issue at stake in this appeal is solely procedural</u>. Because the district court (<span style="font-family: Times New Roman;">United States District Court for the Northern District of Ohio at Cleveland. No. 08-00514) </span>nonetheless dismissed the suit...without notice to the parties, <u>we REVERSE the judgment of the district court</u> and REMAND for further proceedings. </strong><br />
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<strong><span style="font-family: Times, "Times New Roman", serif;">Cleveland’s decision to address the issue of subprime-mortgage securitization through litigation arguably reflects an otherwise frustrated regulatory intent, as the city likely could not regulate such activity directly. Ohio law appears to prevent Cleveland from regulating subprime mortgages in the traditional manner (i.e. by municipal ordinance), as it vests the state with sole authority to “regulate the business of originating, granting, servicing, and collecting loans and other forms of credit in the state and the manner in which any such <span style="font-family: Times New Roman;">business is conducted.” Ohio Rev. Code § 1.63(A). In addition, Ohio law expressly preempts “[a]ny ordinance, resolution, regulation, or other action by a municipal corporation” to regulate such matters. </span><i><span style="font-family: Times New Roman;">Id.</span></i><span style="font-family: Times New Roman;">§ 1.63(B). <u>Indeed, the OHIO SUPREME COURT struck down Cleveland's previous attempt to regulate predatory mortgage lending by ordinance as preempted by state law</u>, including <span style="font-family: Times New Roman;">§ 1.63</span>.</span><span style="font-family: Arial;"><span style="font-family: Arial;"> </span></span><i><span style="font-family: Times New Roman;">Am. Fin. Servs. Ass’n v. City of Cleveland</span></i><span style="font-family: Times New Roman; font-size: x-small;"><span style="font-size: small;">, 858 N.E.2d 776, 785–86 (Ohio 2006).</span></span></span></strong><br />
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I. BACKGROUND</div>
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The City of Cleveland has seen a record number of home foreclosures in the past decade. Between 2000 and 2008, Cuyahoga County, Ohio, where Cleveland is located, recorded approximately 80,000 foreclosures. <em>In Cleveland, Foreclosures Decimate Neighborhoods,NPR Radio, May 24th, 2008. </em></div>
</span><span style="font-family: Times New Roman;">In 2007, County Treasurer Jim Rokakis described the city as "the epicenter of the mortgage meltdown in America." (Thomas Ott & Susan Vinella, </span><i><span style="font-family: Times New Roman;">Home Loan Foreclosures on the Rise in Cuyahoga</span></i><span style="font-family: Times New Roman;">, The Plain Dealer, July 4, 2007). </span><span style="font-family: Times New Roman;">Against this backdrop came three (3) lawsuits relevant to this case:</span><br /><br />
<span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><strong><u>A. </u></strong></span><i><span style="font-family: Times New Roman;"><strong><u>City of Cleveland v. Ameriquest Mortgage Securities, Inc. </u></strong></span></i></span><strong><u><span style="font-family: Times New Roman;">(</span><i><span style="font-family: Times New Roman;">City of Cleveland I</span></i></u></strong><span style="font-family: Times New Roman;"><strong><u>)</u></strong></span><span style="font-family: Times New Roman;">
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<span style="font-size: x-small;"><strong><span style="font-size: small;">In January 2008</span></strong></span>, Cleveland brought suit against twenty-one (21) financial institutions in <strong>Ohio state court</strong>, alleging that the defendants’ actions in the subprime-mortgage industry constituted a public nuisance under Ohio common law. By securitizing subprime mortgages and later foreclosing on the houses purchased through such mortgages, the defendants allegedly contributed to a financial crisis in the city that included significant declines in property values, a shrinking tax base, and an increase in criminal activity. Cleveland sought to recover for the costs it incurred in monitoring, maintaining, or demolishing foreclosed properties and for decreased tax revenues. The defendants {Ameriquest} removed the case to federal court. {Then} a<span style="font-family: Times New Roman;">fter denying Cleveland’s motions to remand and to amend its complaint...the district court granted the defendants’ motion to <span style="font-family: Times New Roman;">dismiss on the grounds that the city’s suit was preempted by state law and was barred by the economic-loss doctrine.</span></span></div>
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</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><strong><u>B. </u></strong></span><i><span style="font-family: Times New Roman;"><strong><u>City of Cleveland v. JP Morgan Chase Bank, N.A. </u></strong></span></i></span><strong><u><span style="font-family: Times New Roman;">(</span><i><span style="font-family: Times New Roman;">City of Cleveland II</span></i></u></strong><span style="font-family: Times New Roman;"><strong><u>)</u></strong></span><span style="font-family: Times New Roman;">
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<strong>In </strong><strong>August 2008</strong>, shortly after the district court denied Cleveland’s motion to remand in City of Cleveland I, Cleveland filed a second suit in Ohio state court against twenty-eight (28) financial institutions, including the non-diverse JPMorgan Chase Bank, N.A. In addition to pleading another public-nuisance claim, Cleveland alleged that the defendants had violated the Ohio Corrupt Activities Act (“OCAA”), the state RICO analogue, by inaccurately claiming title to mortgages and promissory notes in foreclosure proceedings in violation of Ohio Revised Code § 2921.12(A). See Ohio Rev. Code § 2923.32. Cleveland also sought to recover under Ohio Revised Code § 715.261 for costs incurred maintaining or demolishing foreclosed houses.</div>
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</span><span style="font-family: Times New Roman;"><u><span style="font-family: Times New Roman;"><strong>C. </strong></span><i><span style="font-family: Times New Roman;"><strong>Chase Bank, USA, N.A. v. City of Cleveland </strong></span></i></u></span><strong><u><span style="font-family: Times New Roman;">(</span><i><span style="font-family: Times New Roman;">Chase Bank</span></i></u></strong><span style="font-family: Times New Roman;"><strong><u>)</u></strong></span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">
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In February 2008, while City of Cleveland I was pending, Plaintiffs-Appellants Chase Bank, USA, N.A., JPMorgan Chase Bank, N.A., JPMorgan Mortgage Acquisition Corp., and J.P. Morgan Securities, Inc. (collectively, “Chase Bank”) <strong>brought the suit that is currently before us</strong>. Chase Bank sued Cleveland in federal district court... requesting an injunction against that suit. After Cleveland filed City of Cleveland II, Chase Bank amended its complaint to request declaratory relief and an injunction against both of Cleveland’s lawsuits.</div>
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<span style="font-family: Times New Roman;"><u><strong>D. Recent Developments:</strong></u></span><br /><span style="font-family: Times New Roman;">Since this case left the district court, several developments have occurred in both City of Cleveland I and City of Cleveland II. In City of Cleveland II, <strong><em>the Cuyahoga County Court of Common Pleas dismissed Cleveland’s public-nuisance an</em></strong><strong><em>d OCAA claims</em></strong>, but denied the defendants’ motion to dismiss. {As}J.P. Morgan Chase Bank, N.A. and J.P. Morgan Securities, Inc. are defendants in City of Cleveland II. <span style="font-family: Times New Roman;">Cleveland voluntarily dismissed its §715.261 claim and appealed the trial court’s dismissal of the public nuisance and OCAA claims. <strong>That appeal is currently pending in the Court of Appeals of Ohio, Eighth Appellate District</strong>.</span><br /><br /><strong><span style="font-family: Times New Roman;">In addition, the <u>United States Supreme Court denied Cleveland’s petition</u> for a writ of certiorari in </span><i><span style="font-family: Times New Roman;">City of Cleveland I</span></i><span style="font-family: Times New Roman;">. </span><i><span style="font-family: Times New Roman;">City of Cleveland v. Ameriquest Mortgage Sec., Inc.</span></i></strong></span><span style="font-family: Times New Roman;">, 131 S. Ct. 1685 (2011). Accordingly, Chase Bank’s request for injunctive and declaratory relief regarding </span><i><span style="font-family: Times New Roman;">City of Cleveland I </span></i></span><span style="font-family: Times New Roman;">is now moot. <strong>All that remains of the suits in which Cleveland is the plaintiff is </strong></span><i><span style="font-family: Times New Roman;"><strong>City of Cleveland II</strong></span></i></span><span style="font-family: Times New Roman;">. Because Chase Bank, USA, N.A. and JPMorgan Mortgage Acquisition Corp. are not parties to </span><i><span style="font-family: Times New Roman;">City of Cleveland II</span></i></span><span style="font-family: Times New Roman;">, <strong>we dismiss their claims as moot</strong>. </span><br /><br />
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<strong><span id="goog_1558770511"></span>Another Recent Case linked below from the same U.S. Federal Court (Sixth Circuit<span id="goog_1558770512"></span>):</strong></div>
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<strong><span style="color: red;"><a href="http://ohiofraudclosure.blogspot.com/2012/06/us-court-of-appeals-smackdown-of-ohio.html" target="_blank">US Court of Appeals smackdown of Ohio Mill Firm - <span id="goog_1558770500"></span>LSR</a></span></strong></div>
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<strong><span style="font-size: medium;">CLEVELAND WARNED the Regulators !! Yet...No one did a thing!!!</span><br />SHOCKING, STUNNING, and ACCURATE predictions are quotes from this now <u>4 year old (2008) article</u> : </strong><a href="http://blog.cleveland.com/business/2008/09/as_decade_dawned_signs_of_cris.html"><span style="color: red;"><strong>As Decade Dawned signs of Crisis: 9-28-2008</strong></span></a> - Roger Mezger<br />
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<em><strong>"We called it early... Nobody listened,"There was blood on the streets of Cuyahoga County. But it wasn't until there was blood on the streets of Wall Street that anyone cared."</strong> </em><br />
(Jim Rokakis - Cuyahogo County Treasure)<br />
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<em><strong>'This is going to become an epidemic,' and they sat on their hands. For whatever reason, they didn't act. But if you were looking, the handwriting was on the wall. If you were looking, it was obvious something was wrong."</strong> </em><br />
(Tony Stevenson, a staff attorney with Housing Advocates Inc. in Cleveland)<br />
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<em><strong>"Regulators allowed loose lending to keep the economy going. All the regulators knew what was going on."</strong></em><br />
(Raj Aggarwal, dean of the College of Business Administration at the University of Akron)<br />
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<strong>For years Cleveland had been WARNING "asleep-at-the-wheel" State and Federal regulators of what was to come. <b><strong>Home prices had become so outrageous in value, that during a 6 year period, median home prices (in Cleveland) rose 56%, according to county real estate records, while the city's population dropped 4% during the same period.<strong> It didn't make sense. YET - No one in OHIO or the Federal Government would listen or do anything to stop these lenders and banks from pillaging the city.</strong></strong></b></strong></div>
OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-21872201003746604982012-09-18T11:58:00.002-04:002012-09-24T23:44:38.581-04:00Ohio Blogger to White House for Housing Summit<strong>At White House Meeting, Youngstown Ohio Housing Leader, Blogger, Homeowner - Pushes Obama Administration for Solutions to Foreclosure and Housing Crisis</strong><br />
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<strong>WASHINGTON, DC</strong> – On Thursday September 13th, Mark Roarty, an Ohio leader and nationally recognized blogger and housing advocate traveled to our nation’s capital to meet with top Obama Administration officials at the White House. Mr. Roarty discussed the immediacy and need for implementing bold new solutions to the housing and foreclosure crisis that has devastated our communities. cities & states.<br />
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<img border="0" hea="true" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoxlxVA0SYMH2fgQoGuIDcUgWRLUYLjUS-XQQDkIn_11ShaG3IM0ywHnZI-eJgCavdzt1l3xWdoDuhX936TETEutVW_LjaLA2c6QocHzANci-2NiLAZdxnPAdKh1UdQFN1OhUI08b_vP5f/s320/whitehouse+9-13-12.jpeg" width="320" /><span style="font-size: xx-small;"><strong><em>Mark Roarty prior to White House housing summit</em></strong></span></div>
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In break-out meetings with officials from HUD, DOJ, and the White House National Economic Council - Mark joined 150 other leaders, clergy, homeowners, and housing advocates (representing 26 states) and laid out recommendations to address the housing crisis and getting our economy back on solid ground. Roarty, along with other leaders, told the White House administration that it is far past time that they enact policy solutions such as:<br />
- <strong>Principal reduction</strong> as a bold new plan needed to address foreclosures, fix the housing crisis, create jobs, and reset the economy. Specifically, the request <a href="http://ohiofraudclosure.blogspot.com/2012/07/ed-demarco-refuses-to-help-taxpayers.html" target="_blank">included strong language to remove Ed DeMarco</a>, interim director of FHFA, which oversees Fannie Mae and Freddie Mac. Ed DeMarco obstinately and ideologically opposes principal reduction, despite its proven benefits for homeowners and taxpayers.<br />
- <strong>Publicly <a href="http://ohiofraudclosure.blogspot.com/2012/01/doj-sec-hud-and-ag-holder-to.html" target="_blank">support the RMBS Task Force</a></strong> investigating big bank fraud, <a href="http://www.rollingstone.com/politics/blogs/taibblog/obama-goes-all-out-for-dirty-banker-deal-20110824" target="_blank">which the president announced in his State of the Union address back in January</a>. The task force needs additional financial resources and staff to conduct real and effective investigations. The task force work will result in accountability for Wall Street crimes that crashed our economy.<br />
- <strong>A nationwide </strong><a href="http://www.huffingtonpost.com/rick-jacobs/how-the-big-banks-lost-an_b_1648071.html"><strong>Homeowner Bill of Rights</strong></a> that enacts strong standards for how banks must work with borrowers in foreclosure, including mediation and mandatory principal reduction when it would help the homeowner and investor.<br />
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<strong>Later in the day, Roarty joined up with other Ohio housing support groups</strong> and organizational leaders to visit Ohio Senators <a href="http://ohiofraudclosure.blogspot.com/2012/01/foreclose-evict-abandon-sherrod-brown.html" target="_blank">Sherrod Brown</a> and Rob Portman. In the Senators' Washington D.C. offices they met with key staff to share ideas and ask for support from the Ohio Senators on the recently introduced Menendez/Boxer Bill (<a href="http://www.equities.com/news/headline-story?dt=2012-09-11&val=469297&cat=finance" target="_blank">S. 3522</a>). The bill would allow homeowners trapped in high-interest loans, guaranteed by Fannie Mae and Freddie Mac, to refinance into lower interest loans and also eliminate up-front fees along with appraisal and loan closing costs. <br />
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<strong>Roarty, was invited to the meeting</strong> because of his affiliation with <strong><a href="http://www.npa-us.org/" target="_blank">NPA</a></strong> and <strong><a href="http://www.newbottomline.com/" target="_blank">The New Bottom Line</a></strong> along with his nationally recognized blog <strong><em>Ohio FRAUDclosure.</em></strong> In Ohio, he is a leader and homeowner advocate with the <strong><a href="http://www.mvorganizing.org/" target="_blank">Mahoning Valley Organizing Collaborative (MVOC)</a></strong>. <br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8wcVyT6RjBbh1zfxyHw8i-h9XimsNEY2saSZqE0zLd2q6cFgdblCEzzfsGCRAtRnPBdsdPJgZLV-A5XoCI5cRBFTcpYXEh8kIl3qceJ-affKOAuKS5jNR8Q4Ovu9maoXecNl4A6z0bgAK/s1600/WhiteHouse+NPA+9-13-12.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" hea="true" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8wcVyT6RjBbh1zfxyHw8i-h9XimsNEY2saSZqE0zLd2q6cFgdblCEzzfsGCRAtRnPBdsdPJgZLV-A5XoCI5cRBFTcpYXEh8kIl3qceJ-affKOAuKS5jNR8Q4Ovu9maoXecNl4A6z0bgAK/s400/WhiteHouse+NPA+9-13-12.jpeg" width="400" /></a></div>
<strong><span style="font-size: xx-small;">Tracy Van-Slyke (Director of The New Bottom Line) & Mark Roarty on front steps of White House prior to meeting.</span></strong><br />
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Mark Roarty is also one of three nationwide home-owner spokespersons for <em><strong>The New Bottom Line</strong></em> coalition's <strong><a href="http://www.homeiswherethevoteis.com/about" target="_blank">Home Is Where The Vote Is</a></strong> campaign. The campaign, with the goal of making President Obama and Governor Romney address the foreclosure and housing crisis, features Roarty in a two-minute video explaining the realities faced by thousands of Ohio homeowners. Some of the deeply felt pain, of being in foreclosure, is shared by Roarty in the video. Recently, after a 4 1/2 year legal battle, a decision was handed down by an Ohio Appellate Court reversing the illegal foreclosure on his home. <br />
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<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/IM0XrkSpt8s?rel=0" width="560"></iframe><br />
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<strong>More than 400,000 OHIO homeowners have been foreclosed on since 2007</strong>, <strong>with the state’s eight urban cores being hit hardest. The spike in foreclosures has led to massive neighborhood blight, vacant properties and <a href="http://ohiofraudclosure.blogspot.com/2012/01/foreclose-evict-abandon-sherrod-brown.html" target="_blank">community disinvestment</a>.</strong> <strong>Those maintaining their homes have seen a huge decline in value, leaving 529,834 Ohio homeowners underwater on their mortgages. That figure is roughly one quarter of all homeowners in the state. </strong><strong>Nationally, there are almost 16 million underwater homes</strong>, totaling a loss of $1.2 trillion in home equity. Resetting those mortgages to fair market value would save the average underwater homeowner $543 per month, pumping $104 billion into the national economy every year. This would also allow financial capacity to create 1.5 million jobs nationally.<br />
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<strong>Related:</strong> New Jersey - <a href="http://www.njtvonline.org/njtoday/2012/09/18/new-jersey-homeowners-underwater-and-abandoning-ship/" target="_blank">Homeowners Underwater and abandoning ship</a>.<br />
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<strong>The foreclosure crisis in Ohio is rooted in <a href="http://ohiofraudclosure.blogspot.com/2012/07/ohio-bombshell-former-ag-takes-on-lps.html" target="_blank">illegal activity by lenders and Wall Street</a></strong> and inadequate rules and enforcement. The misconduct included predatory sub-prime lending, targeting of senior citizens, veterans, and communities of color, and bundling and pawning off flawed mortgages, avoiding accountability. Those forces combined with record long-term unemployment to bring our economy to the brink of collapse, and continue to jeopardize our economic recovery.<br />
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<strong>"The Mahoning Valley (Youngstown),</strong> like many areas across the country, need help to stop the on-going and rampant <a href="http://ohiofraudclosure.blogspot.com/2012/07/ohio-bombshell-former-ag-takes-on-lps.html" target="_blank">bank and servicing fraud in foreclosure</a>," Roarty said. "Local and state leaders and organizations have done everything possible to deal with the result of illegal and improper foreclosures (vacant homes & blighted neighborhoods) <a href="http://ohiofraudclosure.blogspot.com/2012/05/ohio-ag-75-million-for-demolition-of.html" target="_blank">by helping secure funds for demolition</a>. Now we need to address the cause. We need action, and we need it now. My home, our communities, and our economic future is depending on it."<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUUlTZjuQL5bfPg4_T_vyWMiyXDwPETzObHlwi7fnRUL-N-BIfNBtZ0XZxLaOsz5qUxtlNbGHxwmPVH5QAdsV-DfCidVRJoLzHNxgjBWvJUEmUrly-iqbyIgQ4F69MKunwKLVgG0PNECgE/s1600/WhiteHouse-HUD_Shaun+Donavan.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" hea="true" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUUlTZjuQL5bfPg4_T_vyWMiyXDwPETzObHlwi7fnRUL-N-BIfNBtZ0XZxLaOsz5qUxtlNbGHxwmPVH5QAdsV-DfCidVRJoLzHNxgjBWvJUEmUrly-iqbyIgQ4F69MKunwKLVgG0PNECgE/s320/WhiteHouse-HUD_Shaun+Donavan.jpeg" width="320" /></a></div>
Speaking directly to HUD Secretary Shaun Donovan at the end of the meeting, Roarty, in front of the entire forum, asked that the administration officials in attendance pass along the importance of these issues - directly to the President. <br />
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Although he was impressed that the administration agreed to host the forum, he feels that more immediate action is needed. "<strong><em>The President needs to address this in his campaign,"</em></strong> Roarty said after the meeting. <strong><em>"It’s great that administration officials heard our concerns and critique, but this requires more than lip service."</em></strong><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0YkpgXsYOK0JF0h_5fudy0G2W6-Ta6iS6IRkeb5q_cIfW7zuLyUmjpOoLMAreGPEdrMuW9RIwxPKCJ_XhsjEQh1cGFu16CXQW197yhahi5uSOmSxLtdgJSvqQvWg1wT3kMAC8xv494SR9/s1600/HomeVoteIsLogo%255B2%255D.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" hea="true" height="174" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0YkpgXsYOK0JF0h_5fudy0G2W6-Ta6iS6IRkeb5q_cIfW7zuLyUmjpOoLMAreGPEdrMuW9RIwxPKCJ_XhsjEQh1cGFu16CXQW197yhahi5uSOmSxLtdgJSvqQvWg1wT3kMAC8xv494SR9/s200/HomeVoteIsLogo%255B2%255D.png" width="200" /></a></div>
<strong><em>Information for Ohio Homeowners at Home is Where the Vote is (<a href="http://www.homeiswherethevoteis.com/ohio" target="_blank">HERE</a>)</em></strong><br />
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<strong><em><span style="font-size: xx-small;">.</span></em></strong>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com2tag:blogger.com,1999:blog-1921922431950059632.post-18400586148554421252012-08-27T14:51:00.003-04:002012-08-27T15:50:39.746-04:00The Big Lie - Foreclosure issues resolved<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmY_R6BuEhJgGjfGlJuvCzIX4648WonB1meKVwK90LTfABLyUFuL3Nx9sJC0GL_MHVM4Ege5VoFXou_EgoA8Te1JK41bjFgPKHubv92vj8v5rMe_COInmDn_iBuEjEX9h7PpAvceIlHMjt/s1600/IfyourepeatalieoftenenoughitbecomestruthPolitics.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmY_R6BuEhJgGjfGlJuvCzIX4648WonB1meKVwK90LTfABLyUFuL3Nx9sJC0GL_MHVM4Ege5VoFXou_EgoA8Te1JK41bjFgPKHubv92vj8v5rMe_COInmDn_iBuEjEX9h7PpAvceIlHMjt/s320/IfyourepeatalieoftenenoughitbecomestruthPolitics.jpg" width="257" yda="true" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><strong><u>The current administration is revisiting the so called "Foreclosure Settlement</u>"</strong></div><div class="separator" style="clear: both; text-align: left;"><br />
</div><strong>* First....consider the settlement that the Obama Administration is now beginning to trumpet as one of its greatest achievements. This is the joint forty-nine state & federal settlement wherein the banks claim to eventually settle...by paying a paltry $25 billion. (the 'headline number' provided by the White House) Not only is this a completely "disingenuous" claim, but it was systematically and totally </strong><a href="http://www.nakedcapitalism.com/2012/02/the-top-twelve-reasons-why-you-should-hate-the-mortgage-settlement.html" target="_hplink"><span style="color: #2b0073;"><strong>dismantled</strong></span></a><strong> by Yves Smith of Naked Capitalism (Top ranked financial blog). </strong><br />
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In reality, and with maybe... a mere $5 billion (moved around on their books), the five criminal banks were released from <strong>ALL STATE lawsuits</strong> stemming from the massive and systemic fraud that went into the origination and servicing of housing loans throughout the bubble and into the crash. For this paltry sum, the banks were released from all liability stemming from a decade-long-run of illicit activities that fleeced millions of customers and inflated a bubble that eventually destroyed the economy of the United States and much of the world. Now, you might ask, to what did the five large banks, party to the settlement (Bank of America, Wells-Fargo, Morgan Stanley, Citibank, and Ally Bank) agree to do in exchange for this wonderful bounty of sweeping immunity? They committed themselves, after much dodging and wrangling,<strong> to follow the law of the land!</strong> (Are you serious ! Really!) Specifically, they <a href="http://www.nationalmortgagenews.com/dailybriefing/2010_299/sen-shelby-gop-officials-seek-1023767-1.html" target="_hplink"><span style="color: #2b0073;">promised</span></a> to <strong>stop engaging in fraudulent foreclosure practices</strong>. That is harsh! (sarcasm!)<br />
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Consider the massive evidence of FRAUD -- besides the reams of paper and court documents, this includes the many witnesses who have spoken to the media, written testimonials or books, already testified in court on related matters, etc. Then, consider even this partial list of crimes to be investigated. Accounting fraud screams out for action under Sarbanes-Oxley; loan origination fraud (including, by 2006, almost universal appraisal fraud); the robo-signing, forgeries, and post-dating of documents that for years were routinely submitted to courts during legal proceedings; the myriad of tax avoidance scams and lost paperwork that were a core feature of the mortgage electronic registration systems; the deliberate misrepresentation in the "Warrants and Reps" attached to the packaging and sale of mortgage-backed securities and derivatives thereof; and on and on it goes. (I should add that, coincidentally, soon after this settlement was signed, several states inexplicably <a href="http://www.nakedcapitalism.com/2012/08/mark-ames-tracy-lawrence-the-foreclosure-suicide-america-forgot.html" target="_hplink"><span style="color: #2b0073;">dropped or settled</span></a> what were very promising criminal investigations.)<br />
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But, let us be fair, the Administration got more than that (exaggeration !) Contingent on their meeting a number of criteria, families found to have lost their home through fraudulent actions taken by one of these five gigantic loan servicers were to be eligible to receive $1,500 to $2,000! Now, I cannot speak for you. But if, as a consequence of fraud or negligence on the part of a major bank, I lost my home and as a consequence also lost my credit rating, neighborhood, dignity, and the ability of any children I might have to remain in the schools and with the teachers with whom they were familiar, I would be very angry. If, years later, I got a check for $2,000, such a paltry payment for all that I had lost would strike me as only one more of a long line of humiliations. Some real personal homeowner humiliations are shared below<br />
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<iframe allowfullscreen="allowfullscreen" frameborder="0" height="315" src="http://www.youtube.com/embed/JsSoIrTQkWg?rel=0" width="560"></iframe><br />
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Apparently, Obama's campaign managers believe that reminding <strike>voters</strike> listeners of this most awful settlement, one that so clearly defines and encapsulates everything that is so wrong about the Administration's approach to disciplining fraudulent financial institutions, is their best strategy for convincing voters that things would be so much worse under a Romney Administration<br />
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<div class="separator" style="clear: both; text-align: left;"><strong> * Excerpts above ....come from a brilliant <em>HuffingtonPost</em> Blog by Robert Prasch titled:</strong></div><h1 class="title-blog"><span style="font-size: large;">The Obama Administration, the 49 State Mortgage Settlement, and the Spin: A Study in Shamelessness (<a href="http://www.huffingtonpost.com/robert-e-prasch/the-obama-administration-_2_b_1826206.html" target="_blank">HERE</a>)</span></h1><div class="title-blog"><br />
</div><strong>Related post: Home is Where the Vote Is (<a href="http://www.homeiswherethevoteis.com/about" target="_blank"><span style="color: red;">HERE</span></a>)</strong><br />
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<strong><span style="font-size: xx-small;">.</span></strong>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com1tag:blogger.com,1999:blog-1921922431950059632.post-58705559744761709362012-08-22T12:00:00.004-04:002012-08-22T15:58:56.926-04:00Home is Where the Vote Is<strong>OHIO</strong> <strong>is being called the most important <em>swing state</em> for the 2012 election!</strong><br />
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<strong><u>NEWSFLASH: </u></strong><br />
President Obama - you - and Governor Romney will be competing for votes of millions of homeowners. As presidential candidates, you need to address ALL the housing issues (<strong><em>Underwater Mortgages</em></strong>, Fraudclosure, Fannie & Freddie holdings) in big <em>swing states</em> such as Ohio, Colorado, Nevada and Florida. Current estimates show there are between <a href="http://ohiofraudclosure.blogspot.com/2012/05/drowning-in-debt-underwater-mortgages.html" target="_blank"><span style="color: red;"><strong>12 - 16 million underwater homeowners</strong></span></a>, in addition to millions of fraudulent foreclosures that are NOT being counted in these totals.<br />
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<strong><u>OHIO:</u></strong><br />
The housing crisis has hit OHIO harder....than but a handful of states. As a result, many OHIO VOTERS are underwater on their mortgages (mortgage debt is greater than value of home) Recent housing market data shows more than a half a million (529,834) OHIO mortgages are underwater. What does that mean?<br />
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<span style="font-size: large;"><strong>1 Million (1,000,258)</strong> Ohio eligible voters are underwater</span><br />
<span style="font-size: large;"><strong>12% of the eligible voters</strong> - underwater</span><br />
<span style="font-size: large;"><strong>528,834 home mortgages</strong> - underwater </span><br />
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To put these numbers in perspective, the number of <strong><em>Underwater Voters</em></strong> in Ohio (1,000,258) is OVER one third of the total votes cast for the winning presidential candidate in 2008. **<br />
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<strong><u>MESSAGE:</u></strong> <br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpxY1KXIxVn6GYxzDoADSLNA-OTOKnZ6-acjN1DdJi1uV4MVkaEYdLt1GhRqlpk_oNYq_HQXi6M1Jec8p8KijGkcmI3AJS8B-6KkWCX7tTewiQPcTu-a3G5eu5X1mjWi92NhC_Ns4sOE_e/s1600/HomeVoteIsLogo%5B2%5D.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="278" mda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpxY1KXIxVn6GYxzDoADSLNA-OTOKnZ6-acjN1DdJi1uV4MVkaEYdLt1GhRqlpk_oNYq_HQXi6M1Jec8p8KijGkcmI3AJS8B-6KkWCX7tTewiQPcTu-a3G5eu5X1mjWi92NhC_Ns4sOE_e/s320/HomeVoteIsLogo%5B2%5D.png" width="320" /></a></div><br />
<strong>OHIO VOTERS: please join the <span style="font-size: large;">New Bottom Line</span> Campaign:</strong><br />
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<div style="text-align: center;"><strong> <a href="http://www.homeiswherethevoteis.com/" target="_blank"><span style="color: red; font-size: x-large;">HOME IS WHERE THE VOTE IS</span></a></strong></div><br />
It's not just Ohio's underwater homeowners - it's millions of homeowners being impacted<br />
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<strong><u>Washington, DC:</u> - Today (August 22nd)</strong> - a national campaign will put the agenda of 16 million underwater homeowners squarely on the national political agenda. <em><strong>‘Home is Where the Vote Is’</strong></em> will engage in a 8 state campaign to influence the presidential election with on-the-ground actions led by underwater homeowners along the travel routes of both candidates. The campaign will give a voice to the underwater voter -- a key voting bloc - this election cycle. Swing states included in the campaign are some of the hardest hit by the foreclosure crisis, including OH, CO, NV, FL, IA, MI. <br />
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<strong><em>'Home is Where the Vote Is'</em></strong> is organized by The New Bottom Line, a growing movement of community organizations, congregations, and individuals working together to challenge big bank interests and fight for principal reduction for underwater homeowners. Allies in highlighting and mobilizing underwater voters this season include <strong><em><a href="http://rebuildthedream.com/" target="_blank">Rebuild the Dream</a></em></strong>, <strong><em><a href="http://www.righttothecity.org/" target="_blank">Right to the City</a></em></strong>, <strong><em><a href="http://www.homedefendersleague.org/" target="_blank">Home Defenders League,</a></em></strong> <strong><em><a href="http://ohiofraudclosure.blogspot.com/" target="_blank">Ohio FRAUDclosure</a></em></strong> and the hundreds of thousands of underwater homeowner and voting families.<br />
<br />
READ Huffingtonpost Business Blog:<br />
<strong><a href="http://www.huffingtonpost.com/tracy-van-slyke/a-challenge-to-obama-and-_b_1821360.html" target="_blank"><span style="color: red; font-size: large;">Underwater Voters Take Aim at Obama and Romney over Housing</span></a></strong><span style="color: red;"> </span><br />
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Neither President Obama nor Governor Romney has proposed the bold solutions needed to address the housing crisis at the root of the American economy’s troubles. Resetting mortgages to fair market value is essential to keeping families in their homes and the recovery of the US economy and job market. Economists from both sides of the political spectrum support it. <br />
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<strong><em>'Home is Where the Vote Is'</em></strong> will elevate the real stories and power of underwater voters to the level that the campaigns will be forced to respond. <strong><u>Nationally, there are 16 million underwater homes, worth $2.8 trillion, that are $1.2 trillion underwater.</u></strong> Resetting those mortgages to fair market value would save the average underwater homeowner $543 per month, pumping $104 billion into the national economy every year. This would create 1.5 million jobs nationally<br />
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The candidate that fails to seriously address Wall Street , underwater homeowners, and the resulting housing crisis WILL BE the candidate that loses.<br />
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<span class="long-title" dir="ltr" id="eow-title" title="Americans Speak Out About Underwater Housing - Home Is Where The Vote Is (Full)"><span style="font-size: large;"><span style="font-size: small;"><strong>More Americans Speak Out About Underwater Housing - (OH, NV, CO)</strong></span> </span></span><br />
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<strong><a href="http://ohiofraudclosure.blogspot.com/2012/05/usa-foreclosed-and-blighted.html" target="_blank"><span style="color: red;">Our neighborhoods are being destroyed by foreclosed homes</span></a>. It's our communities that are deprived of hundreds of millions of dollars in revenue because too many homeowners have to unfairly pay the big banks instead of investing in local businesses</strong>. Entire communities are being blighted across our state and nation because of the failed policies and the on-going fraudulent practices of the big banks.<br />
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MORE: ...<a href="http://www.huffingtonpost.com/tracy-van-slyke/president-obama-home-is-w_b_1735016.html" target="_blank"><strong>Huffington Post<em> </em></strong><strong>Business Blog - by Tracy Van Slyke</strong></a>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com1tag:blogger.com,1999:blog-1921922431950059632.post-39372721461912752822012-08-15T13:28:00.003-04:002012-08-15T21:51:07.443-04:00Thousands of Ohio homeowners foreclosed on improperly<strong>Newspaper (Cleveland Plain Dealer)</strong> coverage: on our previously reported story:<br />
<h1 class="entry-title"><span style="color: red; font-size: small;"><em><a href="http://www.cleveland.com/business/index.ssf/2012/08/thousands_of_ohio_homeowners_w.html" target="_blank">Thousands of Ohio homeowners were foreclosed on improperly, lawsuit claims</a></em></span></h1><div class="entry-title"><br />
</div><h3 class="post-title entry-title"><em><a href="http://ohiofraudclosure.blogspot.com/2012/07/ohio-bombshell-former-ag-takes-on-lps.html" target="_blank">Ohio Bombshell: Former AG takes on LPS, Mills & Servicers</a></em> </h3><strong>CLASS ACTION COMPLAINT filed in Cuyahoga County (Cleveland)<br />
MARC DANN (Former OHIO AG) of <span style="color: black;">DANN, DOBERDRUK & WELLEN, LLC</span></strong> <br />
<div class="separator" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; clear: both; text-align: left;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9RGApY2UIT4_WJ0wr34wibgX5G1DiIlMxr8IAZB7ViWVc2zWRVGsBOIzPCT0yJHo7bwJHqGs96yInd7_aEf9nH0c8o6wKcQthklLn-u1A4fOEJ-cJbN_HrJbwDDU-Zq_JUFvINkMXwRcU/s1600/Explosion.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><strong><img border="0" closure_uid_d01yvu="2" height="320" j8="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9RGApY2UIT4_WJ0wr34wibgX5G1DiIlMxr8IAZB7ViWVc2zWRVGsBOIzPCT0yJHo7bwJHqGs96yInd7_aEf9nH0c8o6wKcQthklLn-u1A4fOEJ-cJbN_HrJbwDDU-Zq_JUFvINkMXwRcU/s320/Explosion.jpg" width="260" /></strong></a><strong> </strong><strong><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> </span></strong></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><strong><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Explosive Legal News: </span></strong><br />
<strong><span style="font-family: 'Arial Black', 'sans-serif'; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: 'Arial', 'sans-serif'; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Cuyahoga County: Court of Common Pleas</span></span></strong></div><div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: left;"><strong><span style="font-family: 'Arial Black', 'sans-serif'; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">Linda Clark, Doehner, Lowery, Whiteman, <span style="color: red;">Laura YEAGER</span></span></span></strong><br />
<strong><em><span style="font-family: Arial;">Plaintiffs</span></em></strong><br />
<strong><em><span style="font-family: Arial;"><span style="color: red;">Urgent Update</span>: CALL to ACTION for plaintiff being evicted (<a href="http://start2.occupyourhomes.org/petitions/call-to-action-please-help-us-the-yeagers-stop-our-eviction-scheduled-for-aug3-2012" target="_blank"><span style="color: red;">HERE</span></a>)</span></em></strong></div><div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: left;"><strong><span style="font-family: 'Arial Black', 'sans-serif'; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">VS.</span></strong></div><div class="MsoNormal" style="margin: 0in 0in 10pt; text-align: left;"><strong><span style="font-family: 'Arial Black', 'sans-serif'; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Lender Processing Services (LPS) </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> </span></span></strong><br />
<strong><span style="font-family: 'Arial Black', 'sans-serif'; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">LPS Default Solutions </span><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> </span></span></strong><br />
<strong><span style="font-family: 'Arial Black', 'sans-serif'; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">DOCX LLC </span><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> (DocX)</span></span></strong><br />
<strong><span style="font-family: 'Arial Black', 'sans-serif'; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Fidelity National Information Services (FNIS)</span></span></strong><br />
<strong><span style="font-family: 'Arial Black', 'sans-serif'; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: 'Arial Black', 'sans-serif'; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">American Home Mortgage Bank Servicing (AHMSI)</span></span></strong><br />
<strong><span style="font-family: Arial Black;">LERNER, SAMPSON & ROTHFUS (LSR)</span></strong><br />
<strong><span style="font-family: Arial Black;">MANLEY, DEAS KOCHALSKI LLC (MDK)</span></strong><br />
<strong><span style="font-family: Arial Black;">REIMER, ARNOVITZ, CHERNEK& JEFFREY CO LPA</span></strong><br />
<strong><em><span style="font-family: Arial;">Defendants</span></em></strong> </div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;"><span style="font-family: 'Times New Roman', 'serif'; mso-fareast-font-family: 'Times New Roman';"><strong><br />
<span style="font-family: 'Times New Roman', 'serif'; mso-fareast-font-family: 'Times New Roman';"><strong>The complaint clearly spells out the criminal behaviour of the co-conspiring entities which acted in concert while participating and perpetrating enormous FRAUD in OHIO's foreclosures. </strong></span><span style="font-family: 'Times New Roman', 'serif'; mso-fareast-font-family: 'Times New Roman';"><strong>Our former Attorney General along with some powerful legal allies have filed this action on behalf of a proposed class consisting of:</strong></span></strong></span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd6bPyvNILMX2I1To_sBfK3v2zmPJCgifV_jjB0E_0YceHMhDhjT9A6IYOoeQf3ZnuHETEubQcOG5c7tec9dqumyD_iI0AGApvjur8B61TLjjAwdthWmYE_9yD9soGynnryZBEwsAHlOaQ/s1600/Marc+Dann.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" closure_uid_4ycajh="4" closure_uid_d01yvu="3" height="200" m="m" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd6bPyvNILMX2I1To_sBfK3v2zmPJCgifV_jjB0E_0YceHMhDhjT9A6IYOoeQf3ZnuHETEubQcOG5c7tec9dqumyD_iI0AGApvjur8B61TLjjAwdthWmYE_9yD9soGynnryZBEwsAHlOaQ/s200/Marc+Dann.jpg" true="true" width="155" /></a></div></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: 'Calibri', 'sans-serif'; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><span style="font-family: 'Times New Roman', 'serif'; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="color: black;"><strong><u>ALL OHIO CITIZENS</u> who were (a) defendants in judicial foreclosure actions {with} first lien mortgages on their homes that were <u>purportedly held by securitization trusts</u>, and that were knowingly initiated and prosecuted by Defendants on <u>behalf of parties that lacked legal standing</u> to do so, and (b) who were damaged by Defendants’ <u>abusive foreclosure practices</u>, including: </strong></span></span><span style="font-family: 'Times New Roman', 'serif'; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="color: black;"><strong>(i) preparing, executing, and notarizing fraudulent court documents and assignments of mortgages and other property records that were used to initiate and prosecute such foreclosures, and </strong></span></span><span style="font-family: 'Times New Roman', 'serif'; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="color: black;"><strong>(ii) imposing inflated, unfair, unreasonable and/or fabricated fees for “default management services” (the “Class”) </strong></span></span></span><br />
<span style="color: #060624; font-family: 'Calibri', 'sans-serif'; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><span style="font-family: 'Times New Roman', 'serif'; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: 'Times New Roman', 'serif'; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="color: black;"><strong>Three (3) categories of defendants {Servicers, Foreclosure document venders, and Foreclosure Mills) <u>acted in concert and conspired in furtherance of the fraudulent scheme to generate enormous profits</u> from default servicing fees by knowingly initiating foreclosure actions on behalf of entities that lacked legal standing to bring such actions.</strong></span></span></span></span><br />
<strong></strong><span style="color: #060624; font-family: 'Calibri', 'sans-serif'; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><br />
<span style="font-family: 'Times New Roman', 'serif'; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: 'Times New Roman', 'serif'; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><strong><span style="color: black;">92 page Class Action Complaint: <a href="http://dannlaw.files.wordpress.com/2012/07/lps-litigation-2012-07-23-clark-complaint1.pdf" target="_blank"><span style="color: red;">DOWNLOAD HERE</span></a></span></strong></span></span></span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: 'Calibri', 'sans-serif'; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">Sadly, in what appeared to be an instant counter action and outrageous and unconscionable retaliatory attack - <strong>a 10-day eviction notice was posted on Plaintiff Michael and Laura YEAGER's home - the day after the complaint was filed! It has since been followed up with another!</strong> The PREDATOR DRONE foreclosure mill law firm (<span style="font-family: Arial Black; font-size: xx-small;">REIMER, ARNOVITZ, CHERNEK& JEFFREY CO LPA</span> ) apparently tasked co-defendant paper filing drones' (<strong>Manley Deas Kocholski</strong>) to execute the writ-of-possession while the morally corrupt bank sponsored attorney - <strong>Kristi Pallen<span style="font-size: x-small;">*</span></strong> - (<a href="mailto:kpallen@reimerlaw.com"><span style="color: red;">kpallen@reimerlaw.com</span></a>) (330-405-1199) continues the fight to legally block the Yeager's request for a Stay (of an eviction). <strong>Reimer</strong> (Pallen) has also refused a supersedeas property bond offer (collateral), or to accept a previously agreed upon short sale. </span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: 'Calibri', 'sans-serif'; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><strong><span style="font-size: medium;">*Kristi Pallen -</span> </strong>Previous <strike>irresponsible, bank-sponsored, failed</strike> action ADMONISHED: </span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: 'Calibri', 'sans-serif'; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><strong>READ HERE on admonished behaviour: <span style="font-size: medium;"><a href="http://www.gpo.gov/fdsys/pkg/USCOURTS-ohnd-1_07-cv-02635/pdf/USCOURTS-ohnd-1_07-cv-02635-3.pdf" target="_blank"><span style="color: red;">U.S. Bank National Association v. Lenor</span></a></span></strong></span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><div align="left" class="MsoNormal" style="margin: 0in 0in 10pt;">*Plaintiff’s counsel, Attorney Kristi Brown, also identified as Attorney Kristi Pallen, filed this matter on behalf of <strike>bogus</strike> Plaintiff, U.S. Bank National Association. </div></span>The Court finds Plaintiff’s counsel (Kristi Brown kna Kristi Pallen) <strong>did not</strong> <strong>follow Local Rule 4.2</strong>. filing procedures for service by Certified Mail....and...</span> </div><div class="MsoNormal" style="margin: 0in 0in 10pt;"></div><div align="left"><span style="font-family: Times New Roman;"><strong>The Court strikes all entries pertaining to serv</strong>i<strong>ce</strong> and f</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">urther, the Court finds Plaintiff’s counsel failed to prosecute this matter...and.. </span></span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><u><strong>Therefore, it is ORDERED this case is dismissed, without prejudice</strong>, .....and for <strong>Want of Prosecution</strong></u>. It is further ORDERED this case is dismissed... for <strong><u>failure to perfect service within 120 days, according to </u></strong><strong><u>Fed.R.Civ.P 4</u></strong>.</span></span></div><div align="left"></div><strong><u>Plaintiff’s counsel is admonished !!!!! </u>as to Service by Certified Mail</strong>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com1tag:blogger.com,1999:blog-1921922431950059632.post-63333042843172161352012-08-14T11:53:00.004-04:002012-08-14T12:25:46.431-04:00OHIO to Palm Beach FL - Vote Lisa Epstein - Tues AUG 14thIt is so rare to meet a person that can impact our society and affect change. It is even more rare ...to have that person... want to share their knowledge as a public servant. Today Palm Beach County Florida residents (VOTERS) can honor such a person - vote today for<br />
<div style="text-align: center;"><strong><span style="font-size: medium;">LISA EPSTEIN - CLERK of COURTS</span></strong></div><div style="text-align: center;"><strong><span style="font-size: medium;">Palm Beach County Florida</span></strong></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj318D_9PYti7XhPAj_8QTb3EFLSmFY02AUd5-Awez-rmKysZzeF7zsZnNIypWhZpTIPW3dIdeqJn3b1mw1ddleR0gmMOj8nC-7SBUueRjyLrAm7iKcvU-Esf2RdAuUwCGGgmN1_gdjU64y/s1600/Lisa-for-Clerk.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" closure_uid_l2b1c="2" height="237" qda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj318D_9PYti7XhPAj_8QTb3EFLSmFY02AUd5-Awez-rmKysZzeF7zsZnNIypWhZpTIPW3dIdeqJn3b1mw1ddleR0gmMOj8nC-7SBUueRjyLrAm7iKcvU-Esf2RdAuUwCGGgmN1_gdjU64y/s400/Lisa-for-Clerk.jpg" width="400" /></a></div><div style="text-align: center;"><strong><span style="font-size: medium;">LISA EPSTEIN - CLERK of COURTS</span></strong></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRg5jOu8TwQxOevIt6VPjJol0REq-Pn7WDPnBv62jTfMz-ZuYqLYOMfdUvB0auXYCoHGyuSbNPTlV_gjpDuDWd6xfv6Pa0LIsvY6gRukLdiu1dGqW7yi7y5Z9k43mo-qdEQvOKQ0JInUPh/s1600/lisaClerk.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" closure_uid_l2b1c="3" height="196" oda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRg5jOu8TwQxOevIt6VPjJol0REq-Pn7WDPnBv62jTfMz-ZuYqLYOMfdUvB0auXYCoHGyuSbNPTlV_gjpDuDWd6xfv6Pa0LIsvY6gRukLdiu1dGqW7yi7y5Z9k43mo-qdEQvOKQ0JInUPh/s320/lisaClerk.jpg" width="320" /></a></div>Number one financial Blogger: YVES SMITH of Naked Capitalism says: <br />
<a href="http://www.nakedcapitalism.com/2012/08/get-everyone-you-know-in-palm-beach-county-to-vote-for-lisa-epstein-for-clerk-of-the-court-next-tuesday.html" target="_blank"><span style="color: red;">“<strong><u>Get Everyone You Know in Palm Beach County to Vote for Lisa Epstein for Clerk of the Court...Tuesday”</u></strong></span></a><br />
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Lisa Epstein, a foreclosure fighter (who gained national recognition for her research and discovery) attempts to pull off an upset <strong>Tuesday (August 14th)</strong> in the race for <strong>Clerk of Court in Palm Beach County</strong>. This position is the equivalent of a "register of deeds" (The official who records mortgage transfer documents & title) in counties across the country. <br />
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Lisa Epstein is running in the Democratic primary against a longtime incumbent, who has done little of note in highlighting the fraudulent documents rolling into her office. Palm Beach County Florida is one of the key areas {and states} for the foreclosure crisis. <br />
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With no Republican running....today's<strong> primary race WILL decide the next Clerk of Court</strong>. <br />
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The Palm Beach election is drawing national attention. <strong>Neil Barofsky</strong>, the former special inspector general for the bailout funds {TARP}, has <a href="http://twitter.com/neilbarofsky/statuses/233899118404182016" target="_blank">endorsed</a> LISA. Number one financial Blogger Yves Smith of <em>Naked Capitalism</em> threw her support behind Epstein in a <a href="http://www.nakedcapitalism.com/2012/08/get-everyone-you-know-in-palm-beach-county-to-vote-for-lisa-epstein-for-clerk-of-the-court-next-tuesday.html" target="_blank">post</a> “<strong><u>Get Everyone You Know in Palm Beach County to Vote for Lisa Epstein for Clerk of the Court Tuesday.”</u></strong><br />
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<strong>ALL voters in Palm Beach County can participate in the election</strong><br />
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Read<strong> more from David Dayen: </strong><a href="http://news.firedoglake.com/2012/08/12/lisa-epstein-challenging-incumbent-for-palm-beach-county-clerk-of-courts-election-on-tuesday/" target="_blank"><span style="color: red;"><strong>Lisa Epstein Challenging incumbent</strong></span></a><br />
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Read: <strong><em>BLOOMBERG BUSINESS WEEK</em></strong>: on Lisa Epstein run for office <strong>(<a href="http://www.businessweek.com/articles/2012-08-13/in-florida-a-housing-rebel-wants-to-be-part-of-the-system" target="_blank"><span style="color: red;">HERE</span></a>)</strong><br />
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Read:<strong> Lisa Epstein - Homeowner Hero wants to help - again (<a href="http://ohiofraudclosure.blogspot.com/2012/04/lisa-epstein-homeowner-hero-wants-to.html" target="_blank"><span style="color: red;">HERE</span></a>)</strong><br />
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View:<strong> Lisa Epstein - National Television Interview: (<a href="http://4closurefraud.org/2012/08/14/lisa-epstein-on-rt-news-banks-fraudulently-foreclose-on-millions-of-americans-video/?utm_source=rss&utm_medium=rss&utm_campaign=lisa-epstein-on-rt-news-banks-fraudulently-foreclose-on-millions-of-americans-video" target="_blank"><em><span style="color: red;">Video Here</span></em></a>)</strong><br />
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OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-46435727611398130242012-08-05T19:48:00.004-04:002012-08-05T20:29:12.251-04:00OHIO: Home is Where the Vote Is<strong>OHIO</strong> <strong>is being called the most important <em>swing state</em> for the 2012 election!</strong><br />
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<strong><u>NEWSFLASH: </u></strong><br />
President Obama - you - and Governor Romney will be competing for votes of millions of homeowners. But, presidential candidates need to address ALL the housing issues (Fraudclosure, Fannie & Freddie holdings, Underwater Mortgages) in big swing states such as Ohio, Florida, Colorado and Nevada. Current estimates show there are between <a href="http://ohiofraudclosure.blogspot.com/2012/05/drowning-in-debt-underwater-mortgages.html" target="_blank"><span style="color: red;"><strong>12 - 16 million underwater homeowners</strong></span></a>, in addition to fraudulent foreclosures NOT counted in that total. That is potentially some 15 - 20 million voters who are watching how you - as President - and Governor Romney will address this issue. But that's just the tip of the iceberg... <br />
<div class="separator" style="clear: both; text-align: center;"><img border="0" eda="true" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHl6sMq5Gh-D0ujbM8-t0cFei3fbiFBCpelWYpZdn0uB3QVzx1IGt48VfFDzAxmFmbHq4GroiHg7TmFKaV6mNUui4N2j9LvLQCw29BrlkoEAEuDfztqudwylCOjdZq75Q3IG7DhBhwJ5Ne/s320/Obama+in+ohio-blog480.jpg" width="320" /><span style="font-size: xx-small;"><em>Mansfield Ohio 8-1-12 photo by <span class="credit">Luke Sharrett The New York Times</span></em></span></div>It's not just the millions of homeowners impacted - it's all of us. <strong><a href="http://ohiofraudclosure.blogspot.com/2012/05/usa-foreclosed-and-blighted.html" target="_blank"><span style="color: red;">It's our neighborhoods that are destroyed by foreclosed homes</span></a>. It's our communities that are deprived of hundreds of millions of dollars in revenue because too many homeowners have to unfairly pay the big banks instead of investing in local businesses</strong>. Entire communities are being blighted across our state and nation because of the failed policies and the on-going fraudulent practices of the big banks.<br />
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<strong><u>MESSAGE:</u></strong> The candidate that fails to seriously address Wall Street accountability, foreclosures, underwater homeowners and the resulting housing crisis WILL BE the candidate that loses ...<strong><em>HuffingtonPost </em></strong><strong>Business Blog - by Tracy Van Slyke:</strong><br />
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<strong><span style="font-size: x-large;">President Obama: Home Is Where the Vote Is</span></strong><br />
.....Just over four years ago, Wall Street and big banks crashed the economy, causing home values to tank. Now over <span style="color: black;">15 million homeowners are underwater</span>--drowning in debt to banks they shouldn't owe. This means that the money they have worked hard and saved for to buy their home to invest in their future, support their retirement, their kids' college funds, and any safety net is gone. <br />
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And this is the crux of a major election issue. <a href="http://www.washingtonpost.com/business/economy/nevadas-housing-crisis-leaves-obama-vulnerable/2012/07/19/gJQAhaytxW_story.html" target="_hplink"><span style="color: #2b0073;">The Washington Post </span></a>and <a href="http://www.npr.org/2012/07/31/157637436/presidential-race-zeroes-in-on-nevada" target="_hplink"><span style="color: #2b0073;">National Public Radio</span></a> have already started to report that Presidential candidates need to address housing in swing states..... <br />
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..... start publicly addressing how to hold Wall Street accountable (everyone but Wall Street loves that!) and really, truly, boldly, support millions of homeowners and everyday people whose lives have been systematically ruined by the big banks. <br />
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Read more of Tracy's blog (<a href="http://www.huffingtonpost.com/tracy-van-slyke/president-obama-home-is-w_b_1735016.html?utm_hp_ref=tw" target="_blank"><span style="color: red;"><strong>LINK HERE</strong></span></a>)<br />
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In Palm Beach County Florida....your vote ...can make a difference ....(<a href="https://lisaforclerk.nationbuilder.com/contribute" target="_blank"><span style="color: red;">HERE</span></a>) & (<a href="http://ohiofraudclosure.blogspot.com/2012/04/lisa-epstein-homeowner-hero-wants-to.html" target="_blank"><span style="color: red;">HERE</span></a>)OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-38296617311342047582012-07-31T16:56:00.006-04:002012-08-01T12:11:00.276-04:00Ed DeMarco Refuses to help Taxpayers & Homeowners<div class="separator" style="clear: both; text-align: center;"><img border="0" eda="true" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWKDIQwjmN0TzfwdoGgK_h0vZOShGXAtJF_q8MjyVQnYXawet8DyNGno614k9-wZeeLVai41_OtzXoEwYcUAZolEXgmezGYbzHDzNKOIJ27HlFyXtLyW674bAxAXGrjTZUh3n5o6OYAX_h/s400/demarco.jpg" width="400" /><span style="font-size: xx-small;"><em>Insane man: courtesy of Bush Administration</em></span></div><strong><em>"Honest...I didn't know throwing them an anchor....would cause them to drown"</em></strong><br />
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<div id="headline"><h2>President Obama: Please Fire FHFA Director Ed DeMarco</h2></div><strong><span style="font-family: Georgia, "Times New Roman", serif; font-size: large;"><em>New York Times:</em></span></strong> <strong><span style="color: red; font-size: large;"><a href="http://krugman.blogs.nytimes.com/2012/07/31/fire-ed-demarco/" target="_blank">Opinion - FIRE DeMarco</a></span></strong><br />
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<strong>ATTENTION - </strong><strong>ALL AMERICAN TAXPAYERS and HOMEOWNERS</strong><br />
The "tone-deaf" bureaucrat has clearly lost his mind and his schizophrenic behaviour is on display. Ed DeMarco is a sad, but powerful career politician that is a holdover {leftover} from the Bush Administration. As acting Director of the Federal Housing Finance Agency(FHFA) DeMarco oversees Fannie Mae and Freddie Mac which control or own over half the nation's mortgages.<br />
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<strong>Ed DeMarco has refused to allow for any meaningful relief for homeowners and has been stonewalling taxpayers in attempt to avoid a Principal Correction (reduction) conversation. </strong>It has been made clear, that without Fannie and Freddie taking action, millions of homeowners will remain underwater {paying more to their mortgage - than their home is worth} and contributing to the vicious cycle of the housing/foreclosure crisis. <br />
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For millions of families on the financial brink, the REFUSAL, by DeMarco to allow a mortgage principal correction {to fair market value} is the difference between an economic recovery or crashing the economy. Earlier this year, it was revealed that <strong><u>DeMarco hid critical documents showing that FHFA was on the verge of approving a principal reduction/correction program</u></strong> until HE quashed the plans & reports. <strong></strong><br />
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We need an honest director<strong> </strong>not someone willing to mislead Congress & the President.<br />
<strong>President Obama if your serious about restoring the housing market and standing with American homeowners, tax-payers, and the 99%, you must get rid of Ed DeMarco.</strong><br />
<strong>HOW CAN I HELP ?</strong> -NewBottomLine <a href="http://www.newbottomline.com/fire_fhfa_director_ed_demarco" target="_blank"><strong><span style="color: red;">CLICK HERE</span></strong></a> & NPA (<a href="http://npa-us.org/node/1101" target="_blank"><strong><span style="color: red;">CLICK HERE</span></strong></a>)<br />
<h2><span style="font-size: small;">DeMarco Wins Gold in New Event: <em><a href="http://jaredbernsteinblog.com/ed-demarco-wins-the-gold-in-new-event-stonewalling-on-principal-reduction/" target="_blank">Stonewalling on Principal Reduction</a></em></span></h2><strong>FHFA to <em><a href="http://news.firedoglake.com/2012/07/31/fhfa-opts-to-reject-principal-reductions-for-fannie-and-freddie-loans/" target="_blank"><span style="font-size: large;">reject Principal Reductions for Fannie & Freddie</span></a></em> </strong><br />
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<strong>Huffington Post Business: <a href="http://www.huffingtonpost.com/2012/07/31/ed-demarco-principal-reduction_n_1724880.html" target="_blank"><em>Top Housing official {DeMarco} defies White House</em></a></strong><br />
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<strong>Letters Below {proving a future insanity defense for DeMarco}</strong><br />
In a move that brings two federal "tone-deaf" agencies as close to warfare as possible within the confines of bureaucratic memos, the Treasury Department called out housing regulator Edward DeMarco on Tuesday for his continued refusal to offer a key piece of housing assistance to underwater borrowers struggling to save their homes from foreclosure.<br />
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<strong><em>The Federal Housing Finance Agency's own analysis has shown that principal reduction could help up to 500,000 homeowners and save taxpayers as much as $1 billion,</em></strong> Tim Geithner wrote: {principal reduction}<strong><em> could save Fannie Mae and Freddie Mac {the government-controlled mortgage giants} up to $3.6 billion.</em></strong><br />
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The response by DeMarco {letter to Congress - below} reaffirms his opposition to principal reduction, a move championed by many housing advocates and economists. DeMarco wrote that his agency's analysis found that the taxpayer benefit of writing down the mortgage values <strong><em>"would not make a meaningful improvement in reducing foreclosures in a cost effective way for taxpayers."</em></strong><br />
<a href="http://www.scribd.com/doc/101662202" style="-x-system-font: none; display: block; font-size-adjust: none; font-stretch: normal; font: 14px Helvetica, Arial, Sans-serif; margin: 12px auto 6px; text-decoration: underline;" title="View Letter to FHFA on Scribd">Letter to FHFA</a><iframe class="scribd_iframe_embed" data-aspect-ratio="" data-auto-height="true" frameborder="0" height="600" id="doc_44593" scrolling="no" src="http://www.scribd.com/embeds/101662202/content?start_page=1&view_mode=list" width="100%"></iframe>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-21128665727717419702012-07-25T01:36:00.016-04:002012-08-07T13:00:13.156-04:00Ohio Bombshell: Former AG takes on LPS, Mills & Servicers<strong>BOMBSHELL: CLASS ACTION COMPLAINT filed in Cuyahoga County (Cleveland)</strong><br />
<strong>MARC DANN (Former OHIO AG) of </strong><span style="color: black;"><strong>DANN, DOBERDRUK & WELLEN, LLC</strong></span> <br />
<span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="mso-spacerun: yes;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"></span></span></span></span><br />
<div class="separator" style="border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; clear: both; text-align: left;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9RGApY2UIT4_WJ0wr34wibgX5G1DiIlMxr8IAZB7ViWVc2zWRVGsBOIzPCT0yJHo7bwJHqGs96yInd7_aEf9nH0c8o6wKcQthklLn-u1A4fOEJ-cJbN_HrJbwDDU-Zq_JUFvINkMXwRcU/s1600/Explosion.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><strong><img border="0" height="400" j8="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9RGApY2UIT4_WJ0wr34wibgX5G1DiIlMxr8IAZB7ViWVc2zWRVGsBOIzPCT0yJHo7bwJHqGs96yInd7_aEf9nH0c8o6wKcQthklLn-u1A4fOEJ-cJbN_HrJbwDDU-Zq_JUFvINkMXwRcU/s400/Explosion.jpg" width="326" /></strong></a><strong> </strong><strong><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> </span></strong></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><strong><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Explosive Legal News: </span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Cuyahoga County: Court of Common Pleas</span></span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="mso-spacerun: yes;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Case: 2012 CV 787639<span style="mso-spacerun: yes;"> </span></span></span></span></span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="mso-spacerun: yes;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Judge: Michael Donnelly</span></span></span></span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="mso-spacerun: yes;"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><i style="mso-bidi-font-style: normal;">Jury Trial Demanded</i></span></span></span></span></strong><br />
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<div style="text-align: left;"><strong><span style="font-family: "Arial Black", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: "Arial Black", "sans-serif"; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">Linda Clark, Doehner, Lowery, Whiteman, <span style="color: red;">YEAGER</span></span></span></strong><br />
<strong><em><span style="font-family: Arial;">Plaintiffs</span></em></strong><br />
<strong><em><span style="font-family: Arial;"><span style="color: red;">Urgent Update</span>: CALL to ACTION for plaintiff being evicted (<a href="http://start2.occupyourhomes.org/petitions/call-to-action-please-help-us-the-yeagers-stop-our-eviction-scheduled-for-aug3-2012" target="_blank"><span style="color: red;">HERE</span></a>)</span></em></strong><br />
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</div><div style="text-align: left;"><strong><span style="font-family: "Arial Black", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">VS.</span></strong></div><div style="text-align: left;"><strong><span style="font-family: "Arial Black", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Lender Processing Services (LPS) </span><span style="font-family: "Arial", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> </span></span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">LPS Default Solutions </span><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> </span></span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">DOCX LLC </span><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"> (DocX)</span></span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">Fidelity National Information Services (FNIS)</span></span></strong><br />
<strong><span style="font-family: "Arial Black", "sans-serif"; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: "Arial Black", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;">American Home Mortgage Bank Servicing (AHMSI)</span></span></strong><br />
<strong><span style="font-family: Arial Black;">LERNER, SAMPSON & ROTHFUS (LSR)</span></strong><br />
<strong><span style="font-family: Arial Black;">MANLEY, DEAS KOCHALSKI LLC (MDK)</span></strong><br />
<strong><span style="font-family: Arial Black;">REIMER, ARNOVITZ, CHERNEK& JEFFREY CO LPA</span></strong><br />
<strong><em><span style="font-family: Arial;">Defendants</span></em></strong><br />
<strong><span style="font-family: Arial Black;"></span></strong></div><div style="text-align: left;"><span style="font-size: x-small;"></span></div></div><span style="font-family: "Arial Black", "sans-serif"; mso-fareast-font-family: 'Times New Roman';"><span style="font-family: "Arial Black", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: 'Times New Roman'; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"></span></span><br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;"><span style="font-family: "Times New Roman", "serif"; mso-fareast-font-family: 'Times New Roman';"><strong><strong><span style="font-family: Arial, Helvetica, sans-serif; font-size: small;">This is a major action and EXPLOSIVE NEWS in the FRAUDclosure battle</span></strong><br />
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<span style="font-family: "Times New Roman", "serif"; mso-fareast-font-family: 'Times New Roman';"><strong>The name of this blog is <u>OHIO FRAUDclosure</u>, so we want to stay on <strike>target</strike> topic! This IS a major story and a long awaited and much anticipated Class Action lawsuit. The complaint clearly spells out the criminal behaviour of the co-conspiring entities which acted in concert while participating and perpetrating enormous FRAUD in OHIO's foreclosures. </strong></span><span style="font-family: "Times New Roman", "serif"; mso-fareast-font-family: 'Times New Roman';"><strong><br />
</strong></span><span style="font-family: "Times New Roman", "serif"; mso-fareast-font-family: 'Times New Roman';"><strong>Folks - this is much bigger than the State of OHIO and is proof positive that Ohio's top legal warrior and consumer advocate is still Marc Dann! Our former Attorney General along with some powerful legal allies have filed this action on behalf of a proposed class consisting of:</strong></span></strong></span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd6bPyvNILMX2I1To_sBfK3v2zmPJCgifV_jjB0E_0YceHMhDhjT9A6IYOoeQf3ZnuHETEubQcOG5c7tec9dqumyD_iI0AGApvjur8B61TLjjAwdthWmYE_9yD9soGynnryZBEwsAHlOaQ/s1600/Marc+Dann.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" closure_uid_4ycajh="4" height="200" m="m" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjd6bPyvNILMX2I1To_sBfK3v2zmPJCgifV_jjB0E_0YceHMhDhjT9A6IYOoeQf3ZnuHETEubQcOG5c7tec9dqumyD_iI0AGApvjur8B61TLjjAwdthWmYE_9yD9soGynnryZBEwsAHlOaQ/s200/Marc+Dann.jpg" true="true" width="155" /></a></div></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><span style="font-family: "Times New Roman", "serif"; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="color: black;"><strong>ALL OHIO CITIZENS who were (a) defendants in judicial foreclosure actions {with} first lien mortgages on their homes that were <u>purportedly held by securitization trusts</u>, and that were knowingly initiated and prosecuted by Defendants on <u>behalf of parties that lacked legal standing</u> to do so, and (b) who were damaged by Defendants’ <u>abusive foreclosure practices</u>, including: </strong></span></span><span style="font-family: "Times New Roman", "serif"; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="color: black;"><strong>(i) preparing, executing, and notarizing fraudulent court documents and assignments of mortgages and other property records that were used to initiate and prosecute such foreclosures, and </strong></span></span><span style="font-family: "Times New Roman", "serif"; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="color: black;"><strong>(ii) imposing inflated, unfair, unreasonable and/or fabricated fees for “default management services” (the “Class”) </strong></span></span><span style="font-family: "Times New Roman", "serif"; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Times New Roman", "serif"; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="color: black;"><strong>Three (3) categories of defendants {Servicers, Foreclosure document venders, and Foreclosure Mills) <u>acted in concert and conspired in furtherance of the fraudulent scheme to generate enormous profits</u> from default servicing fees by knowingly initiating foreclosure actions on behalf of entities that lacked legal standing to bring such actions.</strong></span></span></span><br />
OHIO FRAUDclosure spoke with attorney Marc Dann, by phone, and there is much more to come.</span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><br />
<span style="font-family: "Times New Roman", "serif"; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><span style="font-family: "Times New Roman", "serif"; font-size: 12pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: 'Times New Roman'; mso-fareast-language: EN-US;"><strong><span style="color: black;">92 page Class Action Complaint: <a href="http://dannlaw.files.wordpress.com/2012/07/lps-litigation-2012-07-23-clark-complaint1.pdf" target="_blank">DOWNLOAD HERE</a></span></strong></span></span></span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><br />
</div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;">Sadly, in what appears to be an instant counter action and outrageous and unconscionable retaliatory attack - <strong>a 10-day eviction notice was posted on Plaintiff Michael and Laura YEAGER's home only giving them until Friday August 3rd - to move out!</strong> The PREDATOR DRONE foreclosure mill law firm (<span style="font-family: Arial Black; font-size: x-small;">REIMER, ARNOVITZ, CHERNEK& JEFFREY CO LPA</span> ) had filed a writ-of-possession with the Lake County Ohio Sheriff's department. The morally corrupt bank sponsored attorney - <strong>Kristi Pallen<span style="font-size: small;">*</span></strong> - (<a href="mailto:kpallen@reimerlaw.com">kpallen@reimerlaw.com</a>) (330-405-1199) has fought hard to legally block the Yeager's request for a Stay (of an eviction) and also has refused a supersedeas property bond offer (collateral). </span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><strong><span style="font-size: large;">*Kristi Pallen -</span> </strong>Previous <strike>irresponsible, bank-sponsored, failed</strike> action ADMONISHED: </span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><strong>READ HERE: <span style="font-size: large;"><a href="http://www.gpo.gov/fdsys/pkg/USCOURTS-ohnd-1_07-cv-02635/pdf/USCOURTS-ohnd-1_07-cv-02635-3.pdf" target="_blank">U.S. Bank National Association v. Lenor</a></span></strong></span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><div align="left" class="MsoNormal" style="margin: 0in 0in 10pt;">*Plaintiff’s counsel, Attorney Kristi Brown, also identified as Attorney Kristi Pallen, filed this matter on behalf of <strike>bogus</strike> Plaintiff, U.S. Bank National Association. </div></span>The Court finds Plaintiff’s counsel (Krisit Brown kna Kristi Pallen) <strong>did not</strong> <strong>follow Local Rule 4.2</strong>. filing procedures for service by Certified Mail....and...</span></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"></div><div align="left"><span style="font-family: Times New Roman;"><strong>The Court strikes all entries pertaining to serv</strong>i<strong>ce</strong> and f</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">urther, the Court finds Plaintiff’s counsel failed to prosecute this matter...and.. </span></span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><u><strong>Therefore, it is ORDERED this case is dismissed, without prejudice</strong>, .....and for <strong>Want of Prosecution</strong></u>. It is further ORDERED this case is dismissed as to Willie Grady aka Willie Grady, Jr., and Unknown Spouse, if any, for <strong><u>failure to perfect service within 120 days, according to </u></strong><strong><u>Fed.R.Civ.P 4</u></strong>.</span></span></div><strong><u>Plaintiff’s counsel is admonished !!!!! </u>as to Service by Certified Mail.</strong><br />
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<strong>PREVIOUS BLOG POST on MARC DANN one year ago: (<a href="http://ohiofraudclosure.blogspot.com/2011/07/ohio-leaders-shaping-national.html" target="_blank">READ HERE</a>)</strong><br />
<span style="font-family: Arial;">This great attorney, and former AG, remains active in OHIO while continuing to fight and wage legal battles against the TBTF banks and Predator Drone (Foreclosure Mill) law firms. He continues to be a champion for those fighting violations of their Consumer Rights. Dann twice has taken time out of his busy schedule for phone interviews with OHIO FRAUDclosure. He recently drove two hours to meet with us and share an "inside look" at his busy schedule <strong><em>and planned future legal actions. Many of these actions will have an impact at a national level with possible implications to the ever changing Federal Laws guiding foreclosure judges. </em></strong></span><span style="font-family: Arial;">Marc Dann has filed <strong><a href="http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=22496649"><span style="color: red;">Class Actions suits against Servicers</span></a></strong> for foreclosing on borrowers that were either eligible for or in a HAMP modification. Additionally he filed a "Class Action" suit against a giant OHIO Predator Drone (foreclosure mill) law firm Lerner Sampson Rothfuss (LSR). Unfortunately, the<em> terms of the settlement</em> could not be shared with us, but we've assumed the homeowners were made happy.</span></span><br />
<span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 11.5pt; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-hansi-theme-font: minor-latin;"><span style="font-family: Arial;">Additionally national blogger Martin Andelman (<a href="http://mandelman.ml-implode.com/"><strong><span style="color: red;">Mandelman Matters</span></strong></a>) shared this phone interview as an audio podcast <a href="http://mandelman.ml-implode.com/tag/ohio-attorney-general-marc-dann/"><span style="color: red;"><strong>(Click Here)</strong></span></a>.</span></span>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-59242708505989686992012-06-26T21:22:00.011-04:002012-06-29T20:24:17.132-04:00US Court of Appeals smackdown of Ohio Mill Firm - LSR<div style="text-align: center;"><strong><strong>UNITED STATES COURT OF APPEALS</strong></strong> </div><div style="text-align: center;"><span style="font-family: Times New Roman; font-size: small;"><span style="font-family: Times New Roman; font-size: small;"></span></span></div><div style="text-align: center;"><strong>FOR THE SIXTH CIRCUIT ANNOUNCES </strong></div><div class="separator" style="clear: both; text-align: center;"><strong style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="155" rca="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjF6_G30dwu0gzYXOhY56MrNqYvkbGubwhrzNCxZ0iCnkFUzweNE8zHKJ5lAvJ8oA7B1tv6GgizAuOq8alkYFYnDlMB25E7_xAmF-l1x-nhDbDt8gRXmM9ei7ej76jcNBMRLE-5WFfR_-tu/s640/blackwhite.jpg" width="640" /></strong></div><strong><span style="font-size: large;">Major Smackdown of Predator Drone Law Firm (LSR) </span></strong><span style="font-family: Times New Roman;"><strong>in</strong> </span><span style="font-family: Times New Roman;"> </span> <br />
<div align="left"></div><div align="left"><strong><em>BETTY WALLACE</em></strong><br />
<strong><em>v.</em></strong></div><div align="left"><strong><em><span style="font-family: Times New Roman;">WASHINGTON MUTUAL BANK F.A.</span></em></strong> </div><div align="left"><strong><em><span style="font-family: Times New Roman;">W</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">ELLS </span></span><span style="font-family: Times New Roman;">F</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">ARGO </span></span><span style="font-family: Times New Roman;">B</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">ANK </span></span><span style="font-family: Times New Roman;">N.A., </span></em></strong></div><div align="left"><span style="font-family: Times New Roman;"><strong><em>Defendants</em></strong> </span></div><div align="left"><strong></strong><br />
<div align="left"><strong><em><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">LERNER</span></span><span style="font-family: Times New Roman;">, S</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">AMPSON </span></span><span style="font-family: Times New Roman;">& R</span><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;">OTHFUSS</span></span><span style="font-family: Times New Roman;">,</span></em></strong></div></div><div align="left"></div><div align="left"><span style="font-family: Times New Roman;"><strong><em>Defendant-Appellee</em></strong></span><br />
<strong><em>Appeal from the U. S. District Court for the Southern District of Ohio at Cincinnati.</em></strong></div><span style="font-family: Times New Roman;"></span><br />
<div align="left">(<a href="http://www.ca6.uscourts.gov/opinions.pdf/12a0197p-06.pdf" target="_blank"><span style="color: red;"><strong>Download Opinion - HERE</strong></span></a>)<br />
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<strong><em>A major victory at the federal level reverses a bad decision originally decided in the southern district of Ohio - Cincinnati - which is coincidentaly the home & headquarters of Predator Drone & Foreclosure Mill law firm -Lerner Sampson Rothfuss (LSR)<br />
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The court held:</em></strong></div><div align="left"><strong><em>The single issue before us is whether the filing of foreclosure action by the law firm claiming ownership of the mortgage by its client Washington Mutual constitutes a "false, deceptive or misleading representation" under the Fair Debt Collection Practices Act {FDCPA} when the bank <u>has not</u> received a transfer of the ownership documents. <u>We hold that the complaint states a valid claim and reverse the dismissal of the case.</u></em></strong><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgel0omJOC33Vt5vpjq4kfUdn58WhvgDt6H-8hqF3XdBpVppXvj15ZOmGbjZnl0u7VT7FjDwHde2fOsCBSz_TaQoyXaBfiwIATTUnew0jp-4oRQEH_k4lOqyh60zRrBIlVRV6xXr7zNBNan/s1600/wham.bmp" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" rca="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgel0omJOC33Vt5vpjq4kfUdn58WhvgDt6H-8hqF3XdBpVppXvj15ZOmGbjZnl0u7VT7FjDwHde2fOsCBSz_TaQoyXaBfiwIATTUnew0jp-4oRQEH_k4lOqyh60zRrBIlVRV6xXr7zNBNan/s200/wham.bmp" width="200" /></a></div></div><span style="font-family: Times New Roman;"></span><br />
<div align="left"><strong><em>Plaintiff alleges that the statement in the foreclosure complaint that Lerner, Sampson filed against her on behalf of Washington Mutual contained the false statement that Washington Mutual was the holder of her mortgage. District courts have decided, and we agree, that a clearly false representation of the creditor’s name may constitute a "false representation to collect or attempt to collect any debt" under <span style="font-size: x-small;">Section 1692e. </span></em></strong></div><div align="left"><strong><em><span style="font-size: x-small;">Hepsen v. J.C. Christensen and Assocs., Inc.<span style="font-family: Times New Roman;">, No. 8:07-CV-1935-T-EAJ, 2009 WL 3064865, at *5 (M.D. Fla. Sept. 22, 2009) (imposing liability based on a statement incorrectly identifying the name of a creditor comports with the purposes of the Act); </span></span><span style="font-family: Times New Roman;"><span style="font-size: x-small;">Blarek v. Encore Receivable Mgmt., Inc.</span></span><span style="font-family: Times New Roman;"><span style="font-size: x-small;">, No. 06-C-0420, 2007 WL 984096, at *15 (E.D. Wis. Mar. 27, 2007) (same). </span></span></em></strong></div><div align="left"></div><div align="left"><strong><em><a href="http://dannlaw.wordpress.com/2011/01/25/lerner-sampson-lawsuit/" target="_blank">Lerner, Sampson does not dispute</a> that the foreclosure complaint identifies Washington Mutual as the actual holder of plaintiff’s mortgage, but claims that Ohio law permits Washington Mutual to anticipate that it would become the title holder after the foreclosure action was initiated but before it becomes final. <u>We disagree that the issue of standing in Ohio, even if resolved in Lerner, Sampson’s favor, has any bearing on whether misidentifying a creditor is materially misleading under the Fair DebtCollection Practices Act.</u></em></strong><br />
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<strong><em>HUGE footnote (below) referencing outcome of pending OHIO SUPREME COURT: Federal Home Loan Mortg. Corp. v. Schwartzwald </em></strong><br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz4XwmH0TkeHY71BpGaxacRzKIZC8xsvtaROsk5KEihzndZe5JFVsb9XAD9fvELxQaD0KEVvfSZyYwK6K2yUtkK7eM7Wbtzg7RDwUfb3A9lQUO8X83BM12FW84feChkmH_UWr6svS0_cCV/s1600/4bamm.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" rca="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiz4XwmH0TkeHY71BpGaxacRzKIZC8xsvtaROsk5KEihzndZe5JFVsb9XAD9fvELxQaD0KEVvfSZyYwK6K2yUtkK7eM7Wbtzg7RDwUfb3A9lQUO8X83BM12FW84feChkmH_UWr6svS0_cCV/s1600/4bamm.jpg" /></a><br />
<div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #060624; font-family: "Arial", "sans-serif"; font-size: 7.5pt; line-height: 115%;">1</span><em><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 10pt; line-height: 115%;">The Ohio Supreme Court allowed an appeal and stayed briefing in plaintiff’s state case against </span></em><em><b><span style="color: #060624; font-family: "Arial", "sans-serif"; font-size: 7.5pt; line-height: 115%;">WASHINGTON MUTUAL, </span></b></em><em><b><span style="color: #060624; font-family: "Arial", "sans-serif"; font-size: 9pt; line-height: 115%;">Wallace v. Washington Mutual Bank N.A. ..2011-Ohio-6556..(Dec 21, 2011)....pending resolution of Fed. Home Loan Mort. Corp. v. Schwartzwald, 194 Ohio App. 3d 644, 2011-Ohio-2681, 957 N.E.2d 790 (Ohio Ct. App.), motion to certify and appeal allowed by 129 Ohio St. 3d 1488, 2011-Ohio-5129, 954 N.E.2d 661(Ohio Oct 5,2011)(Consolidating cases and certifying a conflict in the Ohio appellate courts on the issue of whether in order to have standing as a plaintiff in a mortgage foreclosure action, a party must show that it owned the note and the mortgage when the complaint was filed.). Should the Ohio courts decide that a potential mortgagee may anticipate transfer of the note and mortgage and bring valid foreclosure proceedings in advance, the district court will have to decide the impact of such a holding on Wallace’s claim for damages under the Fair Debt Collection Practices Act. <u>We do not agree, however, with the district courts of this Circuit that have treated the debate in Ohio over standing to bring a foreclosure action as dispositive of whether a statement was materially misleading under the Act. </u></span></b></em><em><b><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 9pt; line-height: 115%;">See</span></b></em><strong><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 9pt; line-height: 115%;">, </span></strong><em><b><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 9pt; line-height: 115%;">e.g.</span></b></em><strong><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 9pt; line-height: 115%;">, </span></strong><em><b><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 9pt; line-height: 115%;">Whittiker v. Deutsche Bank Nat’l Trust Co</span></b></em><strong><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 9pt; line-height: 115%;">., 605 F. Supp.</span></strong><em><b><span style="color: #060624; font-family: "Calibri", "sans-serif"; font-size: 9pt; line-height: 115%;">Kline v. Mortg. Elec. Sec. Sys., No. 3:08cv408, 2010 WL 1133452, at </span></b></em><strong><i><span style="color: #060624; font-family: "Arial", "sans-serif"; font-size: 9pt; line-height: 115%;">*7 (S.D. Ohio Mar. 22, 2010). Certainly, should the Ohio courts decide that Washington Mutual did not have standing to bring the foreclosure action in the first place, the materiality of the false statement of ownership would be patent. However,</span></i></strong><em><span style="color: #060624; font-family: "Arial", "sans-serif"; font-size: 9pt; line-height: 115%;"> </span></em><strong><i><u><span style="color: #060624; font-family: "Arial", "sans-serif"; font-size: 9pt; line-height: 115%;">even if Ohio holds the opposite, the Act protects the unsophisticated consumer from false statements tending to mislead or confuse—whether Washington Mutual may ultimately succeed in an Ohio court in its foreclosure action has no bearing on whether the initial false statements misled Wallace. The issue arises in the shadow of the recent subprime mortgage crises in which financial institutions are charged with encouraging reckless lending standards and rapid transfer and sale of subprime mortgages so as to profit from the mass securitization and sale of the mortgages</span></u></i></strong></div><div class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-family: "Arial", "sans-serif";">Slipping computer generated, shoddy and manufactured paperwork past lower court judges (old, out-of-touch, too busy) on a “fast track” to foreclosure…used to be easy! The judicial machinery spun out of control when directed by large <span style="color: black;"><strong>Predator Drone Foreclosure Mills </strong>and their<strong> <a href="http://www.rollingstone.com/politics/news/matt-taibbi-courts-helping-banks-screw-over-homeowners-20101110"><span style="color: red;">"Bench Warmers</span></a><span style="color: red;">"</span></strong></span>(local counsel used to foreclose) seeking the revered “Green Light” rating (used by LPS Desktop Solutions). Unfortunately thousands of Ohioans lost their homes while these <a href="http://www.scribd.com/doc/46418118/Full-Deposition-of-Shellie-Hill-of-Lerner-Sampson-amp-Rothfuss"><span style="color: red;">FRAUDclosure factories</span></a> and drone filing attorneys operated openly in front of Ohio judges ...which unfortunately were asleep-at-the-wheel.<span style="color: red;"> </span></span><span style="color: red; font-family: "Arial", "sans-serif"; font-size: 8pt;"><a href="http://showdowninamerica.org/files/Foreclosing_On_Ohio_Cleveland_Cincinnait_and_Columbus_NPA_report_May_2011.pdf"><span style="color: red;">(Link to report</span><span style="color: red;">).</span></a></span><span style="color: red; font-family: "Arial", "sans-serif";"> </span><br />
<span style="font-family: "Arial", "sans-serif";"></span><span style="font-family: "Arial", "sans-serif";"></span><br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 10pt;"><span style="font-family: "Arial", "sans-serif";">However, <a href="http://ohiofraudclosure.blogspot.com/2011/12/occupy-our-homes-day-of-action.html"><span style="color: red;">recent attention from the OCCUPY movement</span></a>, highly regarded foreclosure defense attorneys and <span style="color: black;">bloggers</span> (<a href="http://4closurefraud.org/" target="_blank">here</a>, <a href="http://www.foreclosurehamlet.org/" target="_blank">here</a>, <a href="http://mandelman.ml-implode.com/" target="_blank">here</a>) have turned the spotlight on the fraudulent and criminal behavior (of the Foreclosure Mills & Servicers) <a href="http://www.nytimes.com/2012/02/07/business/docx-faces-foreclosure-fraud-charges-in-missouri.html"><span style="color: red;">The robo-signing clearly showed that documents, legally needed to initiate foreclosures, were created and falsely executed</span></a>. The attention has finally started to drown out the traditional lap dog media trained in "Bank-Speak."</span><br />
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<div style="text-align: center;"><div style="text-align: center;"><span style="font-family: "Arial", "sans-serif";"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><strong>Predator Drone Foreclosure Mills</strong>:</span></span></div><div style="text-align: left;"><span style="font-family: "Arial", "sans-serif";"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">The mindless and <a href="http://dannlaw.wordpress.com/2011/01/25/lerner-sampson-lawsuit/"><span style="color: red;"><em>legally void</em> factory approach</span></a> used to methodically ram-rod thousands of FRAUDclosures through the judicial machinery of Ohio’s 88 county Civil Court system </span></span><span style="font-family: "Arial", "sans-serif";"><span style="font-family: "Arial", "sans-serif"; font-size: 11pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">appears to have finally hit a BUMP. Proof: recent published decisions coming out of some of Ohio's twelve Appellate Courts show that some judges are actually waking-up from a deep legal sleep. The <strong>Appellate courts have been routinely overturning and dismissing cases which had <em>improperly</em> awarded <em>Summary Judgment </em>to pretend lenders, bogus trust & trustees, and improper plaintiff parties.</strong></span></span><br />
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<strong><span style="font-family: Arial;">Read full deposition - with admissions - of <a href="http://www.scribd.com/doc/46418118/Full-Deposition-of-Shellie-Hill-of-Lerner-Sampson-amp-Rothfuss"><span style="color: red;">LSR employee Shellie Hill</span></a></span></strong></div></div></div></div></div>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com2tag:blogger.com,1999:blog-1921922431950059632.post-86801210382400763912012-06-06T00:14:00.007-04:002012-06-06T10:05:22.288-04:00Shocking Maps of USA Housing Misery (Foreclosure)<div style="text-align: center;"><strong>Pictures are Worth a Thousand</strong> <strong>Words</strong></div><br />
<strong>March 2007</strong> - USA Map of MORTGAGES 30+ days delinquent or in Foreclosure<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjKNdda4wiHyaaVvcbmFlL87J-0lgyx6KJHu0NxOEyZtajGcFO0pGrZlKmn_W0yaG3ufVbWYCNGd67-OKyphHxBeCi32pCwrOrM2ju6h-wJq-Uu6sTEDyL-PSK6PO8dctxLJIgJSMZNVtx/s1600/StLoiusFC2007.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" fba="true" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjKNdda4wiHyaaVvcbmFlL87J-0lgyx6KJHu0NxOEyZtajGcFO0pGrZlKmn_W0yaG3ufVbWYCNGd67-OKyphHxBeCi32pCwrOrM2ju6h-wJq-Uu6sTEDyL-PSK6PO8dctxLJIgJSMZNVtx/s400/StLoiusFC2007.jpg" width="400" /></a> </div><br />
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<strong>March 2012</strong> - USA Map of MORTGAGES 30+ days delinquent or in Foreclosure<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQw6YI4VmDG_6eB7vAqMTxZghrKKWsxXFp2o2HWPZwTpkUI3qvD63XiH0b_6ok5lj_-7mWwYSRKp3hYqOdrYMQq-PVhHqOotO2CBj5R6P5Q_jPfRyXd07bo2Jn6fxwXL480GrhBZ1kmfV0/s1600/STLouisFC3-2012.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" fba="true" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQw6YI4VmDG_6eB7vAqMTxZghrKKWsxXFp2o2HWPZwTpkUI3qvD63XiH0b_6ok5lj_-7mWwYSRKp3hYqOdrYMQq-PVhHqOotO2CBj5R6P5Q_jPfRyXd07bo2Jn6fxwXL480GrhBZ1kmfV0/s400/STLouisFC3-2012.jpg" width="400" /></a> </div>Although <em>distressed mortgages</em> were said to have peaked in 2010, a majority of these delinquencies & foreclosures were isolated to just a few states. Now (March 2012) it is painfully obvious that large regions of the country are suffering according to a <a href="http://research.stlouisfed.org/econ/bullard/pdf/BullardBipartisanPolicyCenter5June2012Final.pdf" target="_blank">38 page report</a> * from the <strong>Federal Reserve Bank of St. Louis.</strong><br />
*Report by James Bullard, President & CEO, FRB-St. Louis<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjE_vNuyDsoEOYokoQ_0NJsvp5kUy5EVbwc5x3g4FLVDIpt4cjLL4tk6ZcS4oOXio7GWRby__U-6Pd0eXaZzhxOOGKY7VRhRewCyE-VnkZ8FgSpGSDtsmMoKMlPAYrpYiTPhJ9INDcSxRD/s1600/HousingRecovery2012lg.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" fba="true" height="395" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjE_vNuyDsoEOYokoQ_0NJsvp5kUy5EVbwc5x3g4FLVDIpt4cjLL4tk6ZcS4oOXio7GWRby__U-6Pd0eXaZzhxOOGKY7VRhRewCyE-VnkZ8FgSpGSDtsmMoKMlPAYrpYiTPhJ9INDcSxRD/s640/HousingRecovery2012lg.jpg" width="640" /></a><strong>Picture of current recovery....courtesy of Calculated Risk Blog (<a href="http://www.calculatedriskblog.com/2012/06/comparing-housing-recoveries.html?" target="_blank">HERE</a>)</strong></div><br />
<strong>More "distress" to come as previously reported:</strong><br />
<h3 class="post-title entry-title"><a href="http://ohiofraudclosure.blogspot.com/2012/05/drowning-in-debt-underwater-mortgages.html" target="_blank"><span style="color: red;">Drowning in Debt - Underwater Mortgages - Next Crisis </span></a></h3><div class="post-title entry-title"><strong>AND</strong></div><h3 class="post-title entry-title"><a href="http://ohiofraudclosure.blogspot.com/2012/05/usa-foreclosed-and-blighted.html" target="_blank"><span style="color: red;">USA - FORECLOSED and BLIGHTED</span></a><span style="color: red;"> </span></h3><br />
<strong>More Honest Housing Assessments:</strong><br />
<strong>Michael Olenick: </strong><a href="http://www.nakedcapitalism.com/2012/03/michael-olenick-beware-of-housing-cheerleading.html" target="_blank"><span style="color: red;"><strong><em>Beware of Housing Market Cheerleading</em></strong></span></a><strong><em> (</em></strong><a href="http://www.economicpopulist.org/content/nar-existing-home-sales-increase-34-april-2012" target="_blank"><strike><em>NAR</em></strike></a><strike><em> ,</em></strike><a href="http://www.economicpopulist.org/content/nar-existing-home-sales-increase-34-april-2012" target="_blank"><strike><em>NAR</em></strike></a><strike><em> or </em></strike><a href="http://online.wsj.com/article/SB10001424052702304723304577366294046658820.html?" target="_blank"><strike><em>WSJ</em></strike></a><em><strong>)</strong></em><br />
<br />
<strong>Robert Reich: <em><a href="http://www.ft.com/cms/s/0/d10dd468-6136-11e1-a738-00144feabdc0.html#axzz1wz9zWdm9" target="_blank"><span style="color: red;">Housing is the rotting core of US Recovery</span></a></em></strong><br />
<div style="background-color: white; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><span style="font-size: small;">The biggest continuing problem for most Americans is their homes. Purchases of new homes <strong>are down 77% from their 2005 peak ... </strong>home sales overall are still dropping and prices are still falling.....</span><br />
<span style="font-size: small;">Houses are the major assets of the middle class. Most Americans are therefore far poorer than they were six years ago. <strong>Almost one out of three homeowners with a mortgage is now “underwater”, owing more to the banks than their homes are worth on the market.</strong></span><br />
<span style="font-size: small;"><a href="http://online.wsj.com/article/SB10001424052702304723304577366294046658820.html?" target="_blank">Optimists point to declining home inventories in relation to sales</a>, but they are looking at an illusion. Those supposed inventories do not include about <strong>5 million housing units</strong> with delinquent mortgages or those in foreclosure, which will soon be added to the pile. Nor do they include approximately <strong>3 million housing units</strong> that stand vacant – foreclosed upon - but not yet listed for sale, or vacant homes that owners have pulled off the market because they can’t get a decent price for them</span>. <br />
.</div>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-84063945246260492722012-06-04T13:25:00.003-04:002012-06-04T22:52:21.569-04:005 Federal Agencies agree on section of Dodd-Frank Act<h2 class="joint"><span style="font-size: small;">Memorandum of Understanding on </span><span style="font-size: small;">Section 1025 of <em>Dodd-Frank Act</em></span></h2><div class="separator" style="clear: both; text-align: center;"><img border="0" fba="true" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpj3YgH5jvHn15mdOuNqd78ra6IwJNMbHXurM9Go8NG7UshoEO-KeA6hYv79ln1KFpn3T2J4B2AB8-A8Rs2369BiP2hjV84z2Xav5JqL2csstKcRo9lOUQKkbM32hTZNIz1HyfsJHOTMeN/s400/DF-main.jpg" width="400" /><span style="font-size: xx-small;"><em>ROD LAMKEY JR/AFP/Getty Images</em></span></div><div style="background-color: white; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><span style="font-size: xx-small;"><strong>Barack Obama signs the Dodd-Frank Wall Street Reform and Consumer Protection Act alongside members of Congress in 2010</strong></span></div><br />
<strong>WHO: </strong><br />
1) <strong>Consumer Financial Protection Bureau (CFPB)</strong> and the <strong>prudential regulators;</strong><br />
2) The Board of Governors of the Federal Reserve System, <br />
3) Federal Deposit Insurance Corporation (FDIC)<br />
4) National Credit Union Administration (NCUA), and the <br />
5) Office of the Comptroller of the Currency (OCC)<br />
<br />
<strong>WHAT:</strong><br />
The federal supervisory agencies today released a Memorandum of Understanding (MOU) that clarifies how the agencies will coordinate their supervisory activities, consistent with {Section 1025 of} the Dodd-Frank Wall Street Reform and Consumer Protection Act.<br />
<br />
<strong>HOW:</strong> A Memorandum of Understanding (MOU) was signed seeking to coordinate important aspects of the<strong><em> supervision of insured depository institutions</em></strong> <strong><em>with more than $10 billion in assets</em></strong> (and their affiliates). Such coordination includes <strike>complex duties such as</strike> scheduling examinations, conducting simultaneous examinations of covered depository institutions (unless an institution requests separate examinations), and sharing draft reports of examination (for comment). These coordination undertakings should <strike>but will NOT</strike> lead to greater uniformity and efficiencies in supervision and help minimize regulatory burden <strike>for U.S. Tax-payers</strike> on covered depository institutions. <br />
<br />
Read Press release from the Federal Reserve (<strong><a href="http://www.federalreserve.gov/newsevents/press/bcreg/20120604a.htm" target="_blank">HERE</a></strong>)<br />
<br />
Matt Taibbi of Rolling Stone: <a href="http://www.rollingstone.com/politics/news/how-wall-street-killed-financial-reform-20120510" target="_blank"><em><span style="color: red;"><strong>How Wall Street Killed Financial Reform</strong></span></em></a><br />
<br />
.OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-22440734429102523482012-05-24T20:44:00.007-04:002012-05-24T23:55:07.583-04:00Drowning in Debt - Underwater Mortgages - Next Crisis<div style="text-align: center;"><strong><span style="font-size: large;">The next wave of foreclosures will be a TSUNAMI!</span></strong></div>The defaults will come from 16 Million Americans paying on "underwater" home mortgages.<br />
These mortgages represent about <strong>1.2 TRILLION DOLLARS of negative home value. </strong><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJvUPJBNDoYWBXs8bKKKQA3pvjD14HzQhFDFwjq8ZsukcxU93NWfIr3ff_erOsdNPStFeI8pUP6V-UFKsS5RYUak_meZ9O5-8mZ6RZLXu0yXjwXVMUGgzibwViwvldhkzUp7qUDh3QRFMr/s1600/underware-house.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="234" qba="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJvUPJBNDoYWBXs8bKKKQA3pvjD14HzQhFDFwjq8ZsukcxU93NWfIr3ff_erOsdNPStFeI8pUP6V-UFKsS5RYUak_meZ9O5-8mZ6RZLXu0yXjwXVMUGgzibwViwvldhkzUp7qUDh3QRFMr/s320/underware-house.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: center;"><strong>No problems......No worries....no threat of Moral Hazard ("walk-away")</strong></div><div class="separator" style="clear: both; text-align: center;"><br />
</div>On average, <strong>U.S. homeowners owe $75,644 more than what their house is worth</strong>, or 44.5% more than current value. Almost 5% of U.S. homeowners, with a mortgage, <strong>owe more than twice what their house is worth</strong> (full report <a href="http://zillow.mediaroom.com/file.php/1446/Zillow+Neg+Equity+Report_Q1.pdf" target="_blank"><strong>HERE</strong></a>)<br />
<br />
<strong><em><u>According to a MSNBC report (<a href="http://economywatch.msnbc.msn.com/_news/2012/05/23/11835006-one-in-three-mortgage-holders-still-underwater?" target="_blank">Here</a>) using data from Zillow</u></em></strong>:<br />
Despite the temptation to just walk away and mail back the keys also know as "Jingle mail"<br />
90% of the underwater borrowers are making their mortgage & home loan payments on time, and ONLY 10% <span class="GRcorrect" grphrase="ad1b0bbff2ed2ec6a1bbb5bd1f22702f5061e600" grtype="null" id="GRmark_ad1b0bbff2ed2ec6a1bbb5bd1f22702f5061e600_are:0" itxtharvested="0" itxtnodeid="192">are</span> more than 90 days delinquent. Here ..look at the chart... see for yourself<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgs8U61Z4lH0uza_-3_jgbdZU-zgZin52besb7PKB4v_3krwnSc4v1TMpURzrb5tGyqfGP9_tqwZPyh_ARDUrlMH0g06SAjZFuhjiOX3qgPc2XbG9imrA8cwDACdzPVUeYbSS4KhfJypg_r/s1600/UnderwaterHomes-Zillow.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" qba="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgs8U61Z4lH0uza_-3_jgbdZU-zgZin52besb7PKB4v_3krwnSc4v1TMpURzrb5tGyqfGP9_tqwZPyh_ARDUrlMH0g06SAjZFuhjiOX3qgPc2XbG9imrA8cwDACdzPVUeYbSS4KhfJypg_r/s400/UnderwaterHomes-Zillow.jpg" width="377" /></a><br />
<em><strong>"Negative equity will continue to weigh on the housing market, it also puts millions of owners at greater risk of losing their home <u>if the economic recovery stalls</u>,"</strong> </em><br />
said Zillow chief economist - Stan Humphrie. <br />
<br />
Hey Stan....what economic recovery are you referencing?<br />
<br />
To prove he is the <em>Master of the Obvious</em>... Stan added this earth-shattering comment:<br />
<em><strong>"If economic growth slows and unemployment rises, more homeowners will be unable to make timely mortgage payments, increasing delinquency rates and eventually foreclosures,"</strong></em><br />
<br />
Way to go Stan....thanks for that information. You say your an Economist...wow...that is way cool...you really have a handle on this underwater issue. Again no worries Stan, I see the chart and it assures us people will certainly keep paying on their underwater mortgage and obviously have no problem remaining a mortgage debt slave..... lets say....oh maybe.... for another 20 or 30 years. By the way - that chart comes with a Zillow Guarantee right? I mean we can rely on that data going forward ...right? How many years can we count on that chart Stan? Regardless, it must be 'good stuff' cause your an economist (expert?) and your kinda telling us - this is still good news. And Stan - Don't forget the tag lines<br />
<strong>Mortgage rates are at an all time low!!! and now is a great time to buy!!! </strong>and lets see what else...what other bank/realtor speak can we tell the news readers at faux(Fox) and CNN.<br />
<br />
OHIO FRAUDclosure asks......How much longer will American homeowners continue to pay on underwater mortgages that were based on falsely inflated (bogus appraisals) values? What useless bank loan mods or phony "life preserver" government programs will be offered? You know - the programs designed to trick and trap (Hamp, Hope, Harp etc.) <br />
<strong><u>When will American Homeowners STRATEGICALLY DEFAULT</u></strong>?<br />
<br />
<strong>Lets ask the Mortgage Bankers Association for an answer on this underwater crisis</strong>.<br />
They saw this crisis coming 2 years ago and faced an underwater loan on their headquarters.<br />
They have to know what is best - go ahead - ask em: <br />
<strong><u><span style="font-size: large;">What would the Mortgage Bankers Do?</span></u></strong><br />
<br />
<div style="background-color: black; width: 520px;"><div style="padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px;"><iframe frameborder="0" height="288" src="http://media.mtvnservices.com/embed/mgid:cms:video:thedailyshow.com:361442" width="512"></iframe><br />
<div style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin-bottom: 0px; margin-top: 4px; padding-bottom: 4px; padding-left: 4px; padding-right: 4px; padding-top: 4px; text-align: left;"><b><a href="http://www.thedailyshow.com/watch/thu-october-7-2010/mortgage-bankers-association-strategic-default">The Daily Show with Jon Stewart</a></b><br />
Get More: <a href="http://www.thedailyshow.com/full-episodes/">Daily Show Full Episodes</a>,<a href="http://www.indecisionforever.com/">Political Humor & Satire Blog</a>,<a href="http://www.facebook.com/thedailyshow">The Daily Show on Facebook</a></div></div></div><br />
<br />
<strong><a href="http://mandelman.ml-implode.com/wp-content/uploads/2010/02/images1.jpeg"><img alt="images" class="aligncenter size-full wp-image-2983" height="124" src="http://mandelman.ml-implode.com/wp-content/uploads/2010/02/images1.jpeg" title="images" width="82" /></a></strong><br />
The CEO of the Mortgage Bankers Association, John Courson said underwater borrowers should keep paying their mortgages and <em><span style="color: red;"><strong>"should not walk away from lawful debts"</strong></span></em><br />
In an interview on this topic (in 2010!) Courson appeared genuinely concerned adding:<br />
<span style="color: #333333;"><em><strong><span style="color: red;">"What about the message they'll send to their family, their kids and their friends?"</span></strong></em></span><br />
Obviously, Mr. Courson was not just speaking as a defender of financial institutions. Clearly, he was showing how much he cares for people and their personal relationships. He believes the children are our future. He thinks we should teach them well and let them lead the way. That we should show them all the beauty they posses inside. Give them a sense of pride. To make it easier, let the children’s laughter remind us how we used to be<br />
<strong>Read Mandelman Matters: <em>How to Strategic Default? Ask the MBA</em></strong> (<em><a href="http://mandelman.ml-implode.com/2012/05/how-to-strategic-default-ask-the-mba/" target="_blank">HERE</a></em>)OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com2tag:blogger.com,1999:blog-1921922431950059632.post-32991773028394298792012-05-19T13:52:00.002-04:002012-05-19T16:06:16.383-04:00FORECLOSURE DIARIES - Documentary Film<div style="text-align: center;"><strong>FORECLOSURE DIARIES - Documentary Film Trailer</strong></div><iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/6e_nvtQznt0?rel=0" width="560"></iframe><br />
<br />
<strong><em>FORECLOSURE DIARIES</em></strong> focuses on the relationship between homeowners, mortgage servicers & Wall Street, <strong>using the experiences of families who have been evicted</strong> or who are currently facing foreclosure. Six years after they began production on the documentary, the foreclosure crisis is still running at full tilt. But it is important to emphasize that the film will show<strong> how people, around the country, are <a href="http://www.occupyourhomes.org/" target="_blank">refusing to become victims</a>; they are organizing, <a href="http://www.lisaforclerk.com/" target="_blank">and taking activist roles in pursuing justice</a> for themselves and their families. </strong><br />
<br />
And, .....near Cleveland, Ohio, (an epicenter of the foreclosure crisis) there’s a blue-collar mother, Ann Holden, whose daughter, wrote a compelling letter, addressed to the judge overseeing the family’s Litton-Loan initiated foreclosure. <strong>Her on-camera reading still captures the emotional trauma of being forced from their home. </strong><br />
<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/2i30hR70zeg?rel=0" width="560"></iframe><br />
<br />
Devastated and incensed over what she believed were Litton's fraudulent practices - Ann - turned crusader, and in Erin Brockovish style, joined up with Jack Wright, to co-found, <strong><em><a href="http://msfraud.org/">MSFRAUD.ORG</a>.</em></strong> The site is an outstanding and long-running forum and Internet meeting place for others facing mortgage related problems.<br />
<br />
<strong>Related:</strong> <strong><em>Foreclosure affects 8 Million Children</em></strong> <strong>(<a href="http://ohiofraudclosure.blogspot.com/2012/04/foreclosure-crisis-affects-8-million.html" target="_blank"><span style="color: red;">Here</span></a>)</strong><br />
<br />
Have we heard the seen the worst of the scandal? I doubt it, but the mortgage industry - like a piece of plate glass - has already been scored. It continues to destroy people and families. <br />
<br />
<strong>Related:</strong> <strong><em>Wells Fargo Servicing drives family man to commit suicide (<a href="http://mandelman.ml-implode.com/2012/05/husbands-suicide-yesterday-wells-fargo-to-evict-wife-tomorrow-anyway/" target="_blank"><span style="color: red;">Here</span></a>) & (<a href="http://www.huffingtonpost.com/2012/05/17/norman-rousseau-foreclosure-victim-suicide-wells-fargo_n_1521743.html" target="_blank"><span style="color: red;">Here</span></a>)</em></strong><br />
<br />
In Ohio - recently an ignorant judge allowed an improper foreclosure and subsequent terrifying eviction of The Brian Bayless family<br />
<iframe allowfullscreen="" frameborder="0" height="315" src="http://www.youtube.com/embed/6pTUXybelhE?rel=0" width="560"></iframe><br />
<br />
<strong>Now, it's up to a fed-up constituency - the 99 per centers, politicians, prosecutors, or some combination of all three - to shatter the glass and reveal the smoking guns</strong>. <strong>Hopefully, it will come soon enough to provide an ending for "Foreclosure Diaries."</strong><br />
<br />
<strong><span style="font-size: large;"><u>See Related Stories and Information:</u> </span></strong><br />
<span style="font-size: large;"><strong><em>Pacific Street Films</em></strong> </span>(<a href="http://www.psfp.com/foreclosurediaries.htm" target="_blank">HERE</a>)<br />
<strong><em><span style="font-size: large;"><span style="font-size: small;">American Banker:</span> </span><span style="font-size: small;">Joel Sucher "A foreclosure Film awaits final Scene (</span><a href="http://www.americanbanker.com/bankthink/a-foreclosure-film-in-the-making-awaits-final-scene-1049419-1.html" target="_blank">HERE</a>)</em></strong><br />
<strong><em><span style="font-size: large;">Ohio FRAUDclosure:</span> Bayless Family Eviction <a href="http://ohiofraudclosure.blogspot.com/2012/03/stop-eviction-of-brian-bayless-family.html" target="_blank"><span style="color: red;">(HERE)</span></a></em></strong><br />
<strong><em><span style="font-size: large;">4closurefraud:</span> Litton allowed to unload servicing platform on Ocwen (</em></strong><a href="http://4closurefraud.org/2011/09/01/federal-reserve-board-announces-a-formal-enforcement-action-against-the-goldman-sachs-group-inc-and-goldman-sachs-bank-usa/" target="_blank"><span style="color: red;">HERE</span></a><strong><em>)</em></strong><br />
Goldman Sachs sold Litton Loan Servicing (to Ocwen Financial) Ocwen was mandated to hire a "third party auditor," (selected by Goldman and approved by the Fed) to address a pattern of misconduct and negligence relating to deficient practices in residential mortgage loan servicing and foreclosure processing involving ALL 2009 and 2010 FRAUDclosures handled by Litton. The review was INTENDED to provide "remediation" to borrowers who suffered financial injury. Although Goldman has submitted a name to the Fed, as of yet, the Fed has yet to <em>announce the name</em> nor give the proposed auditor a green light to begin the foreclosure reviews.OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com1tag:blogger.com,1999:blog-1921922431950059632.post-51337269612883290842012-05-17T14:12:00.002-04:002012-05-17T23:01:28.199-04:00Foreclosures slowing....thanks to legal scrutiny<strong>FRAUDclosures slow ...due to scrutiny & spot-light in Judicial States</strong><br />
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpG5vZxyNvrCh3fPH2ZPcymv_OKP23JqOcjhuLx_t0Z6pzz7ICCQzwj0YSF4KrZIsXPvQ3H4el4vUjHTm9E6SQS53aAVtXGkvUXS4T298z0ahyphenhyphenELH0k7kzRPSYd12QrB_yX_Dhgak78YIS/s1600/RollingOpalawblogspot.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><strong><img border="0" kba="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpG5vZxyNvrCh3fPH2ZPcymv_OKP23JqOcjhuLx_t0Z6pzz7ICCQzwj0YSF4KrZIsXPvQ3H4el4vUjHTm9E6SQS53aAVtXGkvUXS4T298z0ahyphenhyphenELH0k7kzRPSYd12QrB_yX_Dhgak78YIS/s1600/RollingOpalawblogspot.jpg" /></strong></a><em><span style="font-size: xx-small;">Photo courtesy of Oakland Press Blog</span></em><br />
Foreclosures "appear to be slowing" ...how exciting is that?...especially for "news readers" at faux (Fox) news and CNN. That has to be good....right???.... WRONG! <br />
Rather than competing against "propaganda" cranked out daily by <strike>Criminal</strike> Mortgage Servicers....let me simply introduce..... <strong>Abigail Field.</strong><br />
<br />
Abigail is a N.Y. based attorney. She is also an outstanding journalist with a knack of understanding the really complicated language of <em>Mortgage Bank Speak</em> ...and translating it (dissecting the lies) and making it simple for us plain folk (homeowners).<br />
<br />
<strong>She has a wonderful blog REALITY CHECK (<a href="http://abigailcfield.com/" target="_blank">HERE</a>) </strong><br />
<br />
<strong>Abigail states the following: </strong><strong>The Foreclosure Crisis Is Nowhere Near Over Yet</strong><br />
<span style="font-size: x-small;">The decreased delinquencies, is a misleading fact. Sure, it’s true, but what does it mean? Does it mean that the foreclosure crisis is ending or winding down? No, it doesn’t, because the crisis isn’t. But when your brain picks up on the bolded language, that’s the (Banks & Servicers) implicit message: delinquencies are down, so the foreclosure crisis is easing....</span><span style="font-size: x-small;">and then Abigail goes to shows how the headlines attempt to</span><br />
<br />
<strong><strong><strong>Targeting the Courts...Due Process is the Solution, Not the Problem......</strong></strong></strong><br />
<span style="font-size: x-small;">Well, the banks are doing just that: they are using their </span><a href="http://abigailcfield.com/?p=1166" title="Setting the Record Straight: The Housing Bubble Lie"><span style="font-size: x-small;">self-created </span></a><span style="font-size: x-small;">foreclosure crisis to build pressure to dismantle judicial foreclosures. The bankers want it to be much cheaper and easier to take collateral with </span><a href="http://abigailcfield.com/?p=562" title="CA AG Harris (and others): Where Are the Search Warrants?"><span style="font-size: x-small;">fraudulent documents</span></a><span style="font-size: x-small;">. Which it is, in non-judicial foreclosure states.</span><br />
<br />
Read: <em><strong>SPOTTING THE BANKERS LATEST PROPAGANDA CAMPAIGN (<a href="http://abigailcfield.com/?p=1278" target="_blank">here</a>)</strong></em><br />
<br />
<img border="0" height="320" kba="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimD5cvs4T6si_plKY0x4tZE3sjmm41CixVp1CSHh21_IGji10_5CCraegcu9D1vOK3NnqLRN19KLNeDagrtPpgtPVybjMBM7uVdHLnqGP60JwJcRHv7BIXiKO4tOYG0v1ZSbLXiRMLsEfQ/s320/RollingStonemain.jpg" width="230" /> <span style="font-size: xx-small;"><em>Illustration by Victor Juhasz-Rolling Stone</em></span><br />
Related: <strong><em><span style="font-family: Georgia, "Times New Roman", serif; font-size: large;">Invasion of the Home Snatchers <span style="font-size: small;">(<a href="http://www.rollingstone.com/politics/news/matt-taibbi-courts-helping-banks-screw-over-homeowners-20101110" target="_blank">here</a>)</span></span></em></strong><br />
Matt Taibbi Rolling Stone shocker showing how Courts in a Judicial Foreclosure State (Florida) are helping Big Banks screw over homeowners.OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-62242973606312616332012-05-15T11:13:00.024-04:002012-05-18T10:02:20.379-04:00Jamie Dimon - To big to fail?<span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="font-size: medium;"><span itemprop="articleBody" sizcache="5" sizset="167"><span style="font-family: Arial, Helvetica, sans-serif; font-size: x-small;"><strong><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="font-size: small;">UPDATE & BOMBSHELL:</span> (<a href="http://www.businessinsider.com/wsj-jamie-dimon-jpmorgan-trade-losses-5-billion-2012-5" target="_blank">Business Insider</a>)</span></strong></span></span></span></span><br />
<div style="background-color: white; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">Wall Street Journal Report: Jamie Dimon Personally Approved The Concept Of The Disastrous Trade, Losses Could Total $5 BILLION! .....The reporter's sources appear to be very close to Dimon. The story includes an exchange between Dimon and his wife and also references<strong><em> an evening fueled by vodka</em></strong>. <br />
<div style="background-color: white; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">(<a href="http://online.wsj.com/article/SB10001424052702303448404577410341236847980.html" target="_blank">WSJ - Here</a>)<br />
</div></div><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span itemprop="articleBody" sizcache="5" sizset="167"><span style="font-family: Arial, Helvetica, sans-serif;"><strong><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="font-size: large;">JP MORGAN CHASE & CO </span><span style="font-size: small;">- We’re Number ONE !!!! <span style="color: black;"><em>(1)</em></span></span></span></strong></span></span></span><br />
<div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: left;"><strong><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia", "serif"; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"></span></i></strong></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: left;"><strong><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="color: #444444;">What!: </span>"it's ok to lose 2 billion...we've made billions this quarter"...</span></strong></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: justify;"><strong><span style="font-family: Georgia;"><strong><strike>Liar:</strike> JPM Didn't "hedge" (<strike>4</strike>) 2 Billion dollar loss - </strong>JPM Chase placed a huge bet that went bad, a bet that cannot be described as a “hedge” in any policy relevant way. JPM Chase was simply gambling for profit (<a href="http://abigailcfield.com/?p=1222" target="_blank"><span style="color: red;"><em>HERE</em></span></a>)</span></strong></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: justify;"><br />
</div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: justify;"><strong><span style="color: red;"><span style="color: black;">FBI & DOJ announce investigations of 2 billion "trading loss"</span> <em>(<a href="http://www.npr.org/blogs/thetwo-way/2012/05/15/152753524/report-justice-dept-probing-jpmorgans-big-loss?" target="_blank">HERE</a>)</em></span></strong></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: justify;"><strong><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"></span></strong></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: left;"><strong><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="color: #444444;">How?:</span> </span><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia", "serif"; font-size: 12pt; mso-fareast-font-family: "Times New Roman";">Foreclosure as a Business Model (<a href="http://ohiofraudclosure.blogspot.com/2011/05/ohio-jp-morgan-chase-were-1-in.html" target="_blank">HERE</a>)<span style="font-size: xx-small;">(1)</span></span></i></strong></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: left;"><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="font-family: "Georgia", "serif"; font-size: 12pt; mso-fareast-font-family: "Times New Roman";"></span></i></b><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="color: #444444;">When:</span> Tuesday May 15<sup>th</sup> - 2012</span></b></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: left;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="color: #444444;">Where: </span>Tampa, Florida "Back-office Complex"</span></b></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: left;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="color: #444444;">Event:</span> Jamie Dimon vs. Shareholders & CALPERS</span></b></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: left;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";">Jamie Dimon - I'm to big to fail..let me count the reasons......</span></b><br />
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<div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: left;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";">CHASE – NUMBER ONE - in AMERICA - for FORECLOSURES<span style="font-size: xx-small;">(1)</span></span></b> <span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="font-family: Georgia, "Times New Roman", serif;"><span style="color: red; font-size: x-small;"><span style="color: lime; font-family: "Georgia", "serif"; font-size: 18pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">**</span></span></span></span></div><div class="MsoNormal" style="background: white; line-height: 12.75pt; margin: 0in 0in 3.75pt; text-align: left;"><div class="MsoNormal" style="background: white; line-height: normal; margin: 0in 0in 3.75pt;"><div class="MsoNormal" style="background: white; line-height: normal; margin: 0in 0in 3.75pt;"><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="font-family: Georgia, "Times New Roman", serif;"><br />
<span style="font-family: Georgia; font-size: xx-small;"><em><strong>(1) SNL Finacial report 6-10-10 - JP Morgan Chase had the highest dollar value, <span style="font-size: xx-small;">19.5 Billion</span>, of 1-4 family homes in foreclosure. JP Morgan Chase had an additional <span style="font-size: xx-small;">54.5 BILLION</span> in foreclosure properties which it serviced for others</strong></em></span></span></span></div><span style="font-size: x-small;"><span style="font-family: Georgia, "Times New Roman", serif;">Scharf stated that most of the <u>paper problems were simple</u> "affidavit issues" but confirmed it could cost the company a few million dollars for every month that foreclosure proceedings were delayed. However, Schaff quelled investors’ worries by stating that re-filings with <strike>fraudulent</strike> <em>new paperwork</em> would begin in a few weeks and would only take three to four months to complete.</span> </span></div><div class="MsoNormal" style="background: white; line-height: normal; margin: 0in 0in 3.75pt;"><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="font-size: x-small;"><span style="font-family: Georgia, "Times New Roman", serif;">Moreover, Scharf stated <em>ALL the company’s foreclosure decisions were "based on materially accurate information" and Chase had multiple controls in place to assure that all property records had been properly assigned and transferred.</em></span><em> </em></span></span></div><div class="MsoNormal" style="background: white; line-height: normal; margin: 0in 0in 3.75pt;"><span style="font-family: Georgia, "Times New Roman", serif; mso-fareast-font-family: "Times New Roman";"><span style="font-size: x-small;">Finally, Scharf's presentation showed that JPMorgan’s default employees (currently numbering around 17,000) had independent "operational processes" in place - to assure - all foreclosures were proper. That process was checking a loan status - twice. First before a loan was <em>referred</em> <strike>to a Mill Firm attorney</strike> for foreclosure and then again, before the final foreclosure sale.</span><strong> </strong></span><br />
<span style="font-family: "Georgia", "serif"; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"></span></span><span style="font-family: "Georgia", "serif"; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"><span style="font-family: "Arial", "sans-serif"; font-size: 14pt;"></span></span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none; text-align: left;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial", "sans-serif"; font-size: 14pt;"><span style="font-size: x-small;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial", "sans-serif"; font-size: 12pt;">Below are excerpts from the 41 page report <span style="font-size: xx-small;">(full report linked at bottom): </span></span></b></span></span></b></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none; text-align: left;"><span style="font-family: "Arial", "sans-serif"; font-size: 14pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-size: x-small;">….</span><b style="mso-bidi-font-weight: normal;"><span style="font-size: medium;">The ability to <i style="mso-bidi-font-style: normal;">continue to foreclose</i> is critical to continued economic and real estate recovery</span> </b></span><span style="font-family: "Arial", "sans-serif"; font-size: 10pt;">(translation we have 375+ billion dollars worth of exposure, and we need to unload this crxx - as soon as possible – we’ll simply call it Economic Real Estate Recovery) <a href="http://www.bloomberg.com/news/2011-04-21/jpmorgan-chase-settles-military-mortgage-overcharging-suit-for-56-million.html"><span style="color: red;">Will $56 Million help? for Chase overcharging 6,000 active military</span></a></span><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial", "sans-serif"; font-size: 14pt;"></span></b></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><strong>….We strongly believe foreclosures should not be delayed any longer than necessary </strong><span style="font-family: "Arial", "sans-serif"; font-size: 10pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">(translation: Judges…go back to sleep…and get back to Rubber-Stamping our foreclosures as we have profit margins and analysts’ projections to meet. Our stockholders & investors can’t be delayed by any legalities or Rules of Law.)</span><span style="color: red; font-family: Arial; font-size: xx-small;"><a href="http://www.bnet.com/blog/financial-business/why-jpmorgan-chase-foreclosed-on-a-distinguished-ohio-judge/9625#"><span style="font-size: x-small;"><span style="color: red;"> JP Morgan will foreclose - even if your an Ohio Judge</span></span></a> </span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial", "sans-serif";">….{Any} further foreclosure delays will damage communities and the economy</span></b><span style="font-family: "Arial", "sans-serif"; font-size: 10pt;">(what? - silly me - of course any delays to the emptying of occupied houses and further blighting cities will damage the economy! Our drug-dealers need safe-houses to store and sell drugs in order to quickly <em>stimulate the economy</em>) </span><br />
<span style="font-family: "Arial", "sans-serif";"><strong>…..{F}acts and circumstances</strong> <strong>supported {our} decisions to foreclose but if we become aware of any <strike>fraud</strike> <em><u>exceptions</u></em>, we will fix them </strong></span><span style="font-family: "Arial", "sans-serif"; font-size: 16pt;"><span style="font-size: xx-small;">(</span><span style="font-family: "Arial", "sans-serif"; font-size: 16pt;"></span></span><span style="font-family: "Arial", "sans-serif"; font-size: 10pt;">translation: hopefully this Robo-Signing thing will blown over quickly….and we can <strike>FRAUDulently</strike> create needed transfers and <strike>bogus</strike> assignments) </span><span style="font-family: "Arial", "sans-serif"; font-size: 16pt;"></span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><strong><span style="font-family: "Arial", "sans-serif";"></span></strong> </div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><strong><span style="font-family: "Arial", "sans-serif";">......Pg 29....</span><span style="font-family: "Arial", "sans-serif";">{A<span style="color: black;">ll} the following are ...…<em>Misconceptions</em> of Chase:</span></span><span style="color: #6d6e71; font-family: "Arial", "sans-serif";"></span></strong></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;">{that} liens were not properly transferred</span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;">{that} <a href="http://www.usatoday.com/money/economy/housing/2010-10-02-old-republic-foreclosures_N.htm"><span style="color: red;">defects in title transfer - compromise title insurance</span></a></span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;">{that} foreclosures are pursued too aggressively and completed without sufficient review</span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;">{that} <span style="color: red;"><span style="color: black;">borrowers current (on loans) have been foreclosed upon;</span></span></span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;">{that} foreclosure decisions are not supported by underlying facts and circumstances</span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;">{that} servicers were not willing or able to staff up to cope with volumes....<a href="http://www.usatoday.com/money/economy/housing/2011-01-27-fed27_ST_N.htm"><span style="color: red;">Inspector General to ask Chase to testify - only has modified 67,000 of the 204,000 eligible.</span></a> + <a href="http://www.martindale.com/class-actions-law/article_Hinshaw-Culbertson-LLP_1241578.htm"><span style="color: red;">2011 Class Action</span></a></span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;"><strong><span style="font-family: "Arial", "sans-serif"; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"></span></strong></span> </div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;"><strong><span style="font-family: "Arial", "sans-serif"; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">.....Pg 6….by the way... </span><span style="font-family: "Arial", "sans-serif"; font-size: 16pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"><span style="font-size: x-small;">JP MORGAN CHASE & CO</span> </span></strong><span style="font-family: "Arial", "sans-serif"; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">has a<strong> Nationwide footprint</strong> (over 5,000 branches & 16,000 ATMs in 23 states<b style="mso-bidi-font-weight: normal;">) and “We operate from a position of strength”</b> and <b style="mso-bidi-font-weight: normal;">“We will be appropriately paid for the services we provide</b></span></span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;"><span style="font-family: "Arial", "sans-serif"; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><span style="font-family: "Georgia", "serif"; mso-fareast-font-family: "Times New Roman";"><span style="font-family: Georgia, "Times New Roman", serif;"><span style="color: red; font-size: x-small;"><span style="color: lime; font-family: "Georgia", "serif"; font-size: 18pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;">**</span><span style="color: lime; font-family: ""sans-serif"", "serif"; font-size: 10pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><a href="http://files.shareholder.com/downloads/ONE/847571171x0x415409/c88f9007-6b75-4d7c-abf6-846b90dbc9e3/BAAB_Presentation_Draft_11-03-10_FINAL_PRINT.pdf"><span style="color: red; font-family: ""sans-serif"", "serif"; font-size: 11pt; line-height: 115%; text-decoration: none; text-underline: none;"><span style="font-family: Times New Roman;"><u><strong>Presentation of November 4, 2010</strong></u></span></span></a></span></span></span></span></span></span></div><div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt; mso-layout-grid-align: none;"><span style="color: black; font-family: "Arial", "sans-serif"; font-size: 12pt;"><span style="font-family: "Arial", "sans-serif"; font-size: 12pt; line-height: 115%; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US;"><strong></strong></span></span> </div></div></div>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-74849310515339608452012-05-08T12:39:00.009-04:002012-05-09T18:09:29.026-04:00Bank of America - Let us distract you - from the Truth <strong>Bank of America - Latest attempt to distract - from the truth</strong><br />
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<strong>5/9/12 Update: Thousands OUTRAGED at shareholder meeting (<a href="http://www.huffingtonpost.com/2012/05/09/bank-of-america-protests-_n_1502493.html?ref=politics#48_many-shareholders-turned-away" target="_blank"><span style="color: red;">HERE</span></a>)</strong><br />
<strong>5/9/12: The Nation: photos & updates from North Carolina (<a href="http://www.thenation.com/blog/167781/thousands-turn-out-protest-bank-america-shareholders-meeting" target="_blank"><span style="color: red;">HERE</span></a>)</strong><br />
<strong>5/9/12: Top 5 Reasons why Bank of America is being Occupied (<a href="http://thinkprogress.org/economy/2012/05/09/480685/five-reasons-bank-of-america-occupied/" target="_blank"><span style="color: red;">HERE</span></a>)</strong><br />
<strong>5/9/12: Outrage - B of A forecloses on cerebral palsy child (<a href="http://www.pasadenastarnews.com/ci_20578022/occupiers-protest-bank-america-foreclosures-today-pasadena" target="_blank"><span style="color: red;">HERE</span></a>)</strong><br />
<strong>5/9/12: Shareholder comments: </strong><br />
<span style="font-size: x-small;"><strong><em><u>Roger Davis of Ohio:</u></em></strong> "<strong><em>I'm an underwater borrower, and I want to keep my home. I’m a responsible homeowner, I’m a responsible American and I’m trying to do the right thing."</em></strong></span><br />
<span style="font-size: x-small;"><strong><em><u>Shareholder:</u></em></strong> "<strong><em>What is it going to take for Bank of America to start abiding by the law and treating customers fairly?...Bank of America is among the worst."</em></strong> </span><br />
<span style="font-size: x-small;"><strong><em><u>Shareholder:</u> "If you were a better corporate neighbor, you wouldn’t need to be so scared" </em></strong></span><br />
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<div itemprop="articleBody"><span style="font-size: x-small;"><strong><u>TONE DEAF CEO Brian Moynihan:</u> "I don’t feel threatened at all.</strong> <strong>We’re here to answer questions and <u>we’ll do it for the rest of the afternoon</u> if that’s what it takes.”</strong> </span></div><div itemprop="articleBody"><span style="font-size: x-small;">Moynihan suddenly wrapped up the meeting barley past noon, only two hours after it began, thus frustrating many of the shareholders that had comments to make...<strong>NY Times coverage</strong>... (<strong><em><a href="http://www.nytimes.com/2012/05/10/business/bank-of-america-shareholders-protest-but-approve-pay.html" target="_blank"><span style="color: red;">HERE</span></a></em></strong>)</span></div><div class="separator" style="clear: both; text-align: center;"><img border="0" dba="true" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjw-ZRwY9FsHI7UMf6LwquUrTpEAxD6PtVZTkkdszymWdaM6TOMBSHjiSbZaSwBcYFPzLE-JA_G6PBPxq1NvJDjkS-K79Ijz67zF4r-PTU5fqK97k-TrNGOs0QrRhB1NjD7-bE06Aa18XoV/s400/BofA2.jpg" width="305" /><span style="font-size: xx-small;"><em>illustration by Victor Juhasz/Rolling Stone</em></span></div><br />
<div class="separator" style="clear: both; text-align: left;">Bank of America's latest effort to announce <strike>through traditional media TelePrompter readers</strike> "good news" reeks of bad timing as much as the FRAUDulent news itself. First and foremost is the embarrassing PR effort to sell "good news" and somehow call it a "principal reduction" offer (for underwater homeowners). This "Bank Speak" news release was, I'm sure, sheerly coincidental to the date of the Annual Shareholder meeting (Wednesday May 9th). The news comes just before a shareholder event that is already marred by the <em>police state atmosphere</em> surrounding the meeting and recent warnings from the Charlotte North Carolina police. They have asked their police officers to unconstitutionally harass and arrest protesters, to protect Bank of America from any inconvenience</div><div class="separator" style="clear: both; text-align: left;">(<a href="http://abigailcfield.com/?p=1199" target="_blank"><span style="color: red;"><strong>Read Abigail Field HERE</strong></span></a>)</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRebyH3KkiBejOr_f57GR1Ch5swJF279LEi6DZTlhPm8_Mm2dq7d9_yFBm2x6aeA0cwaLwk1fbEiUSq0wCu4FlsTwMkb1M-JpITeMQNQEnjCP3uIrxHBCEVzUL23JKb67nmuDSns28T0Wl/s1600/r-BANK-OF-AMERICA-PROTEST-large570.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" dba="true" height="166" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRebyH3KkiBejOr_f57GR1Ch5swJF279LEi6DZTlhPm8_Mm2dq7d9_yFBm2x6aeA0cwaLwk1fbEiUSq0wCu4FlsTwMkb1M-JpITeMQNQEnjCP3uIrxHBCEVzUL23JKb67nmuDSns28T0Wl/s400/r-BANK-OF-AMERICA-PROTEST-large570.jpg" width="400" /></a><span style="font-size: xx-small;"><em>courtesy of AP</em></span></div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Wow - what timing for the previously mentioned principal reduction mailer!....and just in time to share this news with the stockholders! Are you kidding me?...don't your PR people try to create this bullshixx more than a couple days in advance?...so it's less transparent! ohh yeah, I forgot, they're already working 24/7 trying to cover up all the other FRAUD the Bank deals up.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><strong><u>From David Dayen....of FireDogLake:</u></strong></div><div class="separator" style="clear: both; text-align: left;">Bank of America ....{As}you may recall <a href="http://news.firedoglake.com/2012/03/09/bofa-gets-side-deal-in-settlement-reducing-penalty-by-modifying-loans-they-dont-own/">inked a side deal</a> from the {national foreclosure}settlement that would allow them to <strong>extinguish an additional</strong> <strong>$850 million of the cash penalties</strong>, by reducing loan balances more deeply than called for in the settlement. At the time it was announced, the thinking was that BofA could avoid that $850 million by reducing balances on loans it didn’t actually own......<strong>So who did BofA reach out to today?</strong></div><blockquote><div class="wbq"><em>The bank said it planned to contact more than 200,000 homeowners who could be candidates for the offers, sending letters to a majority of them by the third quarter of this year. (that means a letter sent...by September 2012!)</em></div></blockquote><blockquote><div class="wbq"><em>To be eligible for the principal reductions, however, homeowners will have to meet certain criteria, including: having a loan <strong>owned or serviced by Bank of America</strong>; owing more on the mortgage than their property is worth; and being at least 60 days behind on payments as of the end of January.</em></div></blockquote>Owned <u>OR serviced</u>. In other words, this is exactly as we suspected; <strong>BofA will try to extinguish cash penalties by modifying principal on loans they don’t own!!!</strong>. <br />
Read the rest of David's accurate take on this phony news and offer (<a href="http://news.firedoglake.com/2012/05/08/bofa-begins-pay-settlement-with-other-peoples-money-scheme/" target="_blank"><span style="color: red;"><strong>HERE</strong></span></a>)<br />
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<strong>RELATED: Bank of America</strong> - <strong><em>Not just another foreclosure</em></strong> (<a href="http://ohiofraudclosure.blogspot.com/2011/07/not-just-another-foreclosure-story.html" target="_blank"><strong><span style="color: red;">HERE</span></strong></a>)<br />
<br />
<u><strong>In other recent Bank of America news.....from Rolling Stone Magazine</strong>:</u><br />
<div style="background-color: white; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">It's been four years since the government, in the name of preventing a depression, saved this mega bank from ruin by pumping <strong>$45 billion of taxpayer money into its arm</strong>. Since then.... <strong>Bank of America has systematically ripped off almost everyone with whom it has a significant business relationship, cheating investors, insurers, depositors, homeowners, shareholders, pensioners and taxpayers</strong>. <br />
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<strong>It brought tens of thousands of Americans to foreclosure court using bogus, "robo-signed" evidence – a type of mass perjury that it helped pioneer. It hawked worthless mortgages to dozens of unions and state pension funds, draining them of hundreds of millions in value</strong>.....<strong>Bank of America unleashed {on our entire U.S. Court system and in every state} a practice called robo-signing</strong>, <strong>which essentially involved drawing up fake documents for court procedures</strong>. <strong>Two years ago, a Bank of America robo-signer named <em>Renee Hertzler</em> gave a deposition in which she admitted...to creating as many as 8,000 legal affidavits a month, {and} to signing documents with a fake title.</strong><br />
<div style="background-color: white; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><br />
Robo-signing is not the disease - it's a symptom of Bank of America's entire attitude toward the law. A bank that's willing to commit whole departments to inventing legal affidavits might also, for instance, intentionally ding depositors with bogus overdraft fees. (A class action suit accused Bank of America of heisting some $4.5 billion from its customers and the bank settled the suit for a mere 10 cents on the dollar.)<br />
<br />
<strong>Read more of MattTaibbi</strong>: <a href="http://www.rollingstone.com/politics/news/bank-of-america-too-crooked-to-fail-20120314#ixzz1uIMtpBcg" target="_blank"><em><span style="color: red;"><strong>BANK of AMERICA: "Too Crooked To Fail"</strong></span></em></a><br />
.</div></div>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-83160186886404516502012-05-05T19:32:00.014-04:002012-05-09T17:14:49.847-04:00Ohio AG - $75 Million for Demolition of Blighted Homes<div style="text-align: center;"><strong>OHIO Mortgage Fraud Settlement Funds </strong></div><div style="text-align: center;"><strong>$75 Million to be be used for demolition of Fraudclosed & Blighted homes</strong></div>Homeowners and citizens of Ohio were terribly disappointed by the small amount of money allocated to the state ($335 Million) as part of a multi-state $25 billion mortgage foreclosure settlement for foreclosure abuse, FRAUDulent servicing, and other "unacceptable" mortgage practices by Bank of America, JP Morgan Chase, Citibank, Wells Fargo and GMAC/Ally. The financial settlement was part of a penalty payment negotiated to purportedly "resolve" past criminal behavior and improper foreclosures by the nations five largest mortgage servicers. The national FRUADclosure settlement was negotiated by 49 State Attorneys General and announced on <strong>February 9th 2012 (<a href="http://ohiofraudclosure.blogspot.com/2012/02/federal-government-announces-agreements.html" target="_blank"><span style="color: red;">HERE</span></a>)</strong><br />
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On <strong>February 12th, 2012</strong>, Youngstown Ohio was the first city visited by Attorney General Mike DeWine, to announce his intention to use $75 million (of AG office $97 million) for demolition. DeWine stood in front of an empty house on a street full of abandoned homes to explain his plan for helping Ohio communities pay for demolition of the thousands of empty and blighted homes. (<strong><a href="http://www.wytv.com/content/news/local/story/Attorney-General-Funds-to-Help-Pay-for-Demolitions/uhFC0xRy8ku7H96VlhVuLQ.cspx" target="_blank"><span style="color: red;">HERE</span></a></strong>)<br />
<div class="separator" style="clear: both; text-align: center;"><img border="0" height="150" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVWntjohazryymoM7JFZsHS0CaJdA8w04QuW6Lo8XPGJHvuPpMTLWOdeRPr1DZyggitx967T_juJmauYxaQfQiWAPC2GS5T3j2giQH2aXsfEiIcADVPRKcMu-PLZwBo2WY1g6O6qWG_MPU/s200/Picture+005.jpg" width="200" /><span style="font-size: xx-small;"><strong>Marco (Ohiofraudclosureblog) Ty Beatty (MVOC) Jim Rokakis, Adam Keck(MVOC)</strong></span></div>City leaders, community organizations, and advocates (including this blogger) wanted to make sure that some of the funds, under direct control of the Attorney general's office would be allocated to remove (demolish) bank abandoned and blighted homes which are a cancer on the housing infrastructure in every Ohio county. <br />
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<strong><em>"These are abandoned homes. They're never going to come back. That are a blight on the neighborhoods, that take property values down and make it difficult for people who live in the neighborhood, that are trying to raise their kids to get by,"</em></strong> DeWine said<br />
<iframe frameborder="0" height="400" scrolling="no" src="http://eplayer.clipsyndicate.com/embed/iframe?aspect_ratio=3x2&auto_next=1&auto_start=0&page_count=5&pf_id=9627&pl_id=446&rel=3&show_title=0&tags=news_local&va_id=3265904&volume=8&windows=1" width="525"></iframe><br />
<strong>February 12th 2012 - Mike DeWine (Ohio AG) - visit to Youngstown</strong><br />
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After the announcement, Mike Dewine's office agreed to a future meeting with leaders of the <strong>Mahoning Valley Organizing Collaborative</strong> (<a href="http://www.mvorganizing.org/" target="_blank"><span style="color: red;"><strong>MVOC</strong></span></a>) and this blogger. The MVOC has been instrumental in identifying and <a href="http://www.mvorganizing.org/campaigns/vacant-properties" target="_blank"><em><span style="color: red;">registering vacant properties</span></em></a> and working towards establishing a county land bank to deal with them.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcu1bIKS9d_OeJZOK4_WK06JqNKsu7d6bvy-7up-S_wcwTVnyCuNtvdKPuE_KLpM-rurSY8iZ0IeBrEfXnV_Wy6nLgZRL4GwYGz7dDocDl8Q9r8LOJSoFEuemLP2wtdz2vvwcOgfbzbH9Q/s1600/Picture+008.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="150" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcu1bIKS9d_OeJZOK4_WK06JqNKsu7d6bvy-7up-S_wcwTVnyCuNtvdKPuE_KLpM-rurSY8iZ0IeBrEfXnV_Wy6nLgZRL4GwYGz7dDocDl8Q9r8LOJSoFEuemLP2wtdz2vvwcOgfbzbH9Q/s200/Picture+008.jpg" width="200" /></a><span style="font-size: xx-small;"><strong><em>Attorney General Mike DeWine greets OhioFraudclosure blogger</em></strong></span><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmUrV6GmPpYbgUGblMAzsaQlkKa7n4G45zM3zQFE3Wv3qVRSuQwb1U6Z4wffCVA11tBNx9wuk_zpLcEvIFikcy47CkjGBS0vHMB0ImF3G6ekOWmPrNq_kjs_0Qb58i2QNOeZ-aRMfo6EB9/s1600/MVOC-OFAGoffice2-14-12.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmUrV6GmPpYbgUGblMAzsaQlkKa7n4G45zM3zQFE3Wv3qVRSuQwb1U6Z4wffCVA11tBNx9wuk_zpLcEvIFikcy47CkjGBS0vHMB0ImF3G6ekOWmPrNq_kjs_0Qb58i2QNOeZ-aRMfo6EB9/s320/MVOC-OFAGoffice2-14-12.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: left;">As promised, the Ohio Attorney General office granted a meeting with MVOC leaders and OhioFRAUDclosure (pictured above) to hear "input and ideas" as to allocation of money and the matching funds component of the state's $75 million ear-marked for demolition of blighted properties.</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyJJK1_loDmgBzjv6HwPLYWR3ieA1Py_3VKjesIGZiauLoT1gEnNWGMzqRvEWaCOs4uk31Dh9y9p6nXtji7gV2KhzuYtWrcxwyIZs8be2va5yrjMu8kfWrda-aoumB2enmZJeU-rTjGOVs/s1600/marco+ag+2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="179" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyJJK1_loDmgBzjv6HwPLYWR3ieA1Py_3VKjesIGZiauLoT1gEnNWGMzqRvEWaCOs4uk31Dh9y9p6nXtji7gV2KhzuYtWrcxwyIZs8be2va5yrjMu8kfWrda-aoumB2enmZJeU-rTjGOVs/s320/marco+ag+2.jpg" width="320" /></a></div><div class="separator" style="clear: both; text-align: left;">Additionally, I made an impassioned plea (above) to one of the longest serving and most respected Chief Counsel and asked the office open or continue investigations into the Foreclosure Mill law firms operating in Ohio. I further requested the office use all their legal power and authority to examine MERS for possible fraudulent activities and/or failed recordings which may have cost Ohio's 88 counties millions in lost revenue.</div><div class="separator" style="clear: both; text-align: left;">(see <a href="http://www.scribd.com/doc/69365481/State-of-Ohio-v-MERS-and-Banks" target="_blank">MERS complaint</a> filed Geauga County Prosecutor using a New York law firm)</div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_LQouiczZwfLUEYRQkUffNTVolsxnMN2ZTRtpUKAmeJX7pNudqCg6UdgH-FARgCGWHrz13IqiV7rPyD7GxiXmQV2yXWhgi6bOxzJrdcmd29R7shRvZ0ZqoaUzzh4OBl7ollcjCatF6VIC/s1600/move-ohio-funds-graphic.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="217" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_LQouiczZwfLUEYRQkUffNTVolsxnMN2ZTRtpUKAmeJX7pNudqCg6UdgH-FARgCGWHrz13IqiV7rPyD7GxiXmQV2yXWhgi6bOxzJrdcmd29R7shRvZ0ZqoaUzzh4OBl7ollcjCatF6VIC/s400/move-ohio-funds-graphic.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><strong>MAY 4th 2012: <em>Moving Ohio Forward Demolition Program</em></strong></div><div class="separator" style="clear: both; text-align: left;"><strong><span style="font-size: large;">Ohio AG announces guidelines for Demolition Program</span></strong></div><div class="separator" style="clear: both; text-align: left;"><strong><em> "One of the biggest things holding this state back from moving forward is the vast number of abandoned and vacant homes littering Ohio. They are blight on our communities, rotting them from the inside out. Our new grant program will help free our neighborhoods -- urban and rural, alike – from the blight that is paralyzing them."</em></strong></div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">Ohio Attorney General Mike DeWine <a href="http://www.ohioattorneygeneral.gov/Briefing-Room/News-Releases/May-2012/Attorney-General-DeWine-Announces-Guidelines-for-D" target="_blank"><span style="color: red;">today announced</span></a> guidelines for local communities interested in applying for the $75 million in demolition grants to help stabilize and improve communities by removing blighted and abandoned homes. The funds are from the national mortgage settlement reached earlier this year by the attorneys general with five of the nation's largest mortgage servicers over foreclosure abuses, fraud and deceptive mortgage practices. </div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: left;">The <strong><em>Moving Ohio Forward Demolition Program</em></strong> will require that a lead entity, such as a land bank or local government, apply for the funds on behalf of each county in Ohio. The first round of grant applications, which can be downloaded from the Attorney General's website at <a href="http://www.ohioattorneygeneral.gov/foreclosure">www.ohioattorneygeneral.gov/foreclosure</a>, will be accepted between May 4-June 30, 2012. After grant agreements are executed, demolitions must be completed by 12-31-13.</div><div class="separator" style="clear: both; text-align: left;"><br />
</div>A goal of the <strong><em>Moving Ohio Forward Demolition Program</em></strong> is to maximize the number of demolitions of blighted and abandoned residential properties. Recognizing that many local governments are experiencing economic hardships, the program will not require a match for the first $500,000 allocated to each county. Counties will be required to provide a dollar-for-dollar match to receive any reimbursement request over their $500,000 allocation. <strong>Conservative estimates place the number of <u>vacant and abandoned properties in Ohio in need of immediate demolition at 100,000</u></strong><br />
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Local communities with questions regarding this program should contact: <br />
<strong>Ohio Attorney General Office</strong>, Mortgage Foreclosure Unit, <br />
<strong>30 E. Broad St</strong>., 15th Floor, Columbus, Ohio 43215, or email at <a href="mailto:MovingOhioForward@ohioattorneygeneral.gov">MovingOhioForward@ohioattorneygeneral.gov</a>.<br />
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<strong>The top 13 counties and funds eligible for Demolition</strong><br />
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<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 198px;"><colgroup><col style="mso-width-alt: 3291; mso-width-source: userset; width: 68pt;" width="90"><col style="mso-width-alt: 3949; mso-width-source: userset; width: 81pt;" width="108"></colgroup><tbody>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt; width: 68pt;" width="90"><span style="font-family: Calibri;"><strong><a href="http://www.cleveland.com/metro/index.ssf/2012/05/cuyahoga_county_to_receive_nea.html" target="_blank">Cuyahoga</a></strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; width: 81pt;" width="108"><span style="font-family: Calibri;"><strong>$11,850,744</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Franklin</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$8,203,091</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Hamilton</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$5,838,920</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Montgomery</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$4,178,732</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Summit</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$3,780,560</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Lucas</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$3,674,822</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong><a href="http://www.chicagotribune.com/news/sns-mct-butler-county-to-apply-for-2.7m-in-funds-20120505,0,2664950.story" target="_blank">Butler</a></strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$2,679,701</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Stark</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$2,343,607</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Lorain</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$2,081,001</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong><a href="http://www.vindy.com/news/2012/may/05/mahoning-co-to-get-m-from-state-to-raze-/" target="_blank">Mahoning</a></strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$1,531,680</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Lake</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$1,496,117</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Trumbull</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$1,275,797</strong></span></td></tr>
<tr height="21" style="height: 15.75pt;"><td class="xl63" height="21" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8; height: 15.75pt;"><span style="font-family: Calibri;"><strong>Warren</strong></span></td><td align="right" class="xl65" style="background-color: transparent; border-bottom: #ece9d8; border-left: #ece9d8; border-right: #ece9d8; border-top: #ece9d8;"><span style="font-family: Calibri;"><strong>$1,244,356</strong></span></td></tr>
</tbody></table><br />
All 88 Ohio counties - excel spread sheet of funds available - download (<a href="http://www.ohioattorneygeneral.gov/ApplicationAllocationChart" target="_blank"><strong>HERE</strong></a>)OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com1tag:blogger.com,1999:blog-1921922431950059632.post-19624887269525953342012-05-01T10:45:00.012-04:002012-05-02T12:47:01.028-04:00USA - FORECLOSED and BLIGHTED<strong>It's what's coming...and what it really looks like...when you "pull back the covers." </strong><br />
Yeah...we know....this is Florida....it's not about our state (Ohio?, Illinois,? Michigan? Nevada?)<br />
<div style="text-align: center;"><strong><span style="font-size: large;">Think Again !!!</span></strong></div><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqc_6XwbWXRKH1GenGgYt37y4sit9HZkJDQJWjvp096cfMEQ2VVJBgwyqe3khIOuW3O8UswJnYjBu5W7hPWVMwHbEZuUT4yK1E9apcCvib7D5X8S5_9DbOVZXnpEq5GgB2Yuq1BBNl_Lyh/s1600/sfl-badneighbor-banks-section-header-graphic.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqc_6XwbWXRKH1GenGgYt37y4sit9HZkJDQJWjvp096cfMEQ2VVJBgwyqe3khIOuW3O8UswJnYjBu5W7hPWVMwHbEZuUT4yK1E9apcCvib7D5X8S5_9DbOVZXnpEq5GgB2Yuq1BBNl_Lyh/s1600/sfl-badneighbor-banks-section-header-graphic.jpg" /></a></div>The <strong>FLORIDA SUN SENTINEL</strong> has a powerful 3-part series which closely examines the outcome of the bank run foreclosure system. The series reveals the aftermath of what happens when our ignorant judges empty our cities on behalf of the banks. Worse - when banks leave cities, communities and neighborhoods blighted ...they point fingers ...and have everyone wondering....who will clean up the mess? Who will pay the taxes?<br />
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Stunning 3-part report shows what happens when Big Banks own our Courts and Judges!!!<br />
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<span style="font-size: large;"><strong>Part 1: Thousands of Homes Neglected (</strong><a href="http://www.sun-sentinel.com/news/local/bad-neighbor-banks/fl-bad-neighbor-banks-preservation-20120429,0,4503102.story" target="_blank"><strong><span style="color: red;">HERE</span></strong></a><strong>)</strong></span><br />
<div style="text-align: center;"><span style="font-family: Arial, Helvetica, sans-serif;"><strong>David vs. Goliath</strong></span></div><span style="font-family: Verdana, sans-serif; font-size: x-small;"><strong><span style="font-size: small;"><span style="font-family: Verdana, sans-serif;"><strong>In Ohio, the nonprofit <em>Cleveland Housing Renewal Project</em> filed suit against Wells Fargo in 2010, dropping the case only after the bank agreed to donate distressed properties to the county <em>"land bank,"</em> along with $7,500 per home to offset demolition costs. <em>Land banks</em> hold properties until they can be sold, developed or bulldozed into green space.</strong></span><br />
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<strong><span style="font-family: Verdana, sans-serif;">Another suit filed by the nonprofit group, against Deutsche Bank and eight other mortgage servicers, is still active. The Ohio group has persisted in its court actions despite being outmatched financially by the banks. It has relied on the donated services of a law professor at Cleveland State University and a local attorney who offered a discounted rate. They were up against a platoon of bank lawyers likely making $500 an hour, said Frank Ford, <em>Cleveland Housing Renewal Project</em> president.</span></strong></span><span style="font-family: Verdana, sans-serif; font-size: x-small;"><strong><span style="font-size: small;">"Not every city has a nonprofit that would take on a David and Goliath situation," he said</span>.</strong></span></strong></span><br />
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<span style="font-family: Verdana, sans-serif; font-size: x-small;"><strong></strong></span><span style="font-family: Verdana, sans-serif;"><strong>Also see related: <a href="http://ec2-50-19-166-97.compute-1.amazonaws.com/news/business/realestate/canceled-foreclosure-sales-saddle-neighbors-hoas-with-expenses/1227340" target="_blank"><span style="color: red;">Cancelled Foreclosures 'saddle neighbors'</span></a></strong></span><br />
<span style="font-family: Verdana, sans-serif;"><span style="font-size: x-small;"><strong>Reporter: </strong><span style="font-family: Times New Roman;">Mark Puente spent more than five years with <i>The Plain Dealer</i> in Cleveland where he won several journalism awards for his investigative work. The newspaper nominated him twice for the Pulitzer Prize</span></span></span><br />
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<span style="font-family: Verdana, sans-serif; font-size: x-small;"><strong><strong><span style="font-size: large;">Part 2: Crumbling Homes in Legal Limbo (<a href="http://www.sun-sentinel.com/news/local/bad-neighbor-banks/fl-bad-neighbor-banks-limbo-20120429,0,2098022.story" target="_blank"><span style="color: red;">HERE</span></a>)</span></strong><br />
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<span style="font-size: small;">Bank-owned homes are concentrated in predominantly minority and less well-to-do neighborhoods, where household incomes fall below the countywide medians...In a report released earlier this month, the National Fair Housing Alliance, a Washington advocacy group, charged that banks are violating the federal Fair Housing Act by neglecting the upkeep on homes in minority neighborhoods and steering real estate agents to the banks' better-preserved homes elsewhere</span>. <a href="http://www.pottsmerc.com/article/20120423/FINANCE01/120429841/1007/rememberingpa.us/fighting-foreclosure-blight&pager=1" target="_blank"><span style="color: red;">(Read HERE)</span></a></strong></span><br />
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<span style="font-family: Verdana, sans-serif;"><strong>Also see related: <a href="http://ohiofraudclosure.blogspot.com/2012/04/foreclosure-crisis-affects-8-million.html" target="_blank"><span style="color: red;">The Foreclosure Crisis affects 8 Million Children</span></a></strong></span><br />
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The organization has called on federal regulators and law enforcement to investigate the banks for housing discrimination practices. Wells Fargo, one of the banks identified, denied the allegations. The bank "conducts all lending-related activities in a fair and consistent manner without regard to race; this includes maintenance and marketing standards for all foreclosed properties for which we are responsible," said {<strike>bank-paid script reading & robotic</strike>} company spokeswoman Vickee Adams.<br />
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<strong><span style="font-family: Verdana;">Also see related: <a href="http://ohiofraudclosure.blogspot.com/2012/01/foreclose-evict-abandon-sherrod-brown.html" target="_blank"><span style="color: red;">Foreclose, Evict & Abandon</span></a></span></strong><br />
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"When the servicer … discovers that the house isn't worth much they'll call up whoever is doing the work ... and say 'You're done. Stop cutting the grass. Don't go look every week to see if it's still boarded up. We're done,'" said retired law professor Kermit Lind, a consultant for the <strong>Municipal Housing Court in Cleveland</strong>, <strong>Ohio</strong>. "If it's a low-value house, the service is lousy. And usually doesn't last very long," Lind has found.<br />
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Typically, the banks contract out property maintenance and preservation work to large national firms, such as <strong>Safeguard Properties, based in Cleveland</strong>; Field Asset Services in Austin, Texas, or Mortgage Contracting Services (MCS), headquartered in Tampa. They, in turn, subcontract the work to smaller local companies, which then find people to actually mow the lawn or perform other chores.But who exactly the companies are, and how extensive their obligations, are often as cloudy as the algae-covered pools they are sent to clean. Neighbors and city officials often struggle to identify which company to call about a problem place. The firms come and go, depending on when a home enters foreclosure, whether it can be determined to be vacant, and whether a company servicing a loan decides to proceed with a foreclosure action or drop it and walk away.<br />
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<strong><span style="font-size: large;">Part 3: Cities Fight Back (<a href="http://www.sun-sentinel.com/news/local/bad-neighbor-banks/fl-bad-neighbor-banks-solutions-20120430,0,5695561.story" target="_blank"><span style="color: red;">HERE</span></a>)</span></strong><br />
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Hey judges- now that the mill/drone attorneys have left your courtroom - who owns the house?<br />
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<div style="text-align: center;"><strong>"Largest slumlords"</strong></div><strong>Across Florida, many local officials have looked to <u>Cleveland </u>for innovative solutions. The Ohio city was hit early and hard by the foreclosure crisis. There, Judge Raymond L. Pianka won national prominence for using its Municipal Housing Court in novel ways to address code enforcement violations involving absentee owners, including banks. </strong><strong>When owners failed to show up for hearings, he conducted trials in absentia. When the {</strong><strike>Bank owned</strike><strong>} Ohio Supreme Court shot down that practice, Pianka issued summons for the missing lenders. Those who didn't appear were found in contempt and fined. The names of banks, and others who ignored the court's calls, were added to what's called a "warrant capias" list.</strong><strong>Banks on that list are denied court-ordered actions in other matters, such as evictions, until they respond to the code violations.</strong><br />
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<strong><span style="font-family: Verdana;">Also see related: <a href="http://ohiofraudclosure.blogspot.com/2012/03/mls-tells-wells-fargo-stop-deceiving.html" target="_blank"><span style="color: red;">MLS tells Wells Fargo Bank: <em>Stop Deceiving</em></span></a></span></strong><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVidPVbIbXZmxLiOgJoaVevYYhbkSCWeyPcYt-BzSe9Sx_aiMqfZ1W7D6jh7H1DfpX0WNPqaECwDjcfM3MDZGJFEXXh9_X0KtCy6S2KvBGorOLXnKcieKZtJVq4eOMzubrEqolt1ztCXRI/s1600/BankOwnedProperty.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="640" mea="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVidPVbIbXZmxLiOgJoaVevYYhbkSCWeyPcYt-BzSe9Sx_aiMqfZ1W7D6jh7H1DfpX0WNPqaECwDjcfM3MDZGJFEXXh9_X0KtCy6S2KvBGorOLXnKcieKZtJVq4eOMzubrEqolt1ztCXRI/s640/BankOwnedProperty.jpg" width="249" /></a><span style="font-size: xx-small;"><strong><em><span style="font-size: x-small;">SunSentinel Graphic</span></em></strong> <strong><span style="color: red;">(</span></strong><a href="http://www.sun-sentinel.com/news/local/bad-neighbor-banks/fl-fl-gx-day1-online-home-responsibility-flowchart-20120427,0,2815505.graphic" target="_blank"><strong><span style="color: red;">HERE</span></strong></a><strong><span style="color: red;">)</span></strong></span></div><br />
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<div class="clear"></div><div class="headlineItem rightHeadlinePos inLine briefRight " sizcache="8" sizset="22"><a href="http://www.sun-sentinel.com/news/local/bad-neighbor-banks/sfl-bank-owned-homes-in-foreclosure-pictures-20120327,0,6830852.photogallery" jquery1335881636851="204" target="_top"><img alt="<b>Photos:</b> Bank-owned homes in foreclosure" class="headlineThumb" height="177" src="http://www.trbimg.com/img-4f721bb6/turbine/sfl-bank-owned-homes-in-foreclosure-pictures-20120327/187/16x9" width="320" /></a> <strong>Shocking PHOTO gallery (</strong><a href="http://www.sun-sentinel.com/news/local/bad-neighbor-banks/sfl-foreclosed-homes-in-limbo-pictures-20120327,0,3623365.photogallery" target="_blank"><strong>Linked Here</strong></a><strong>)</strong></div>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0tag:blogger.com,1999:blog-1921922431950059632.post-68688680778635084102012-04-29T15:26:00.003-04:002012-04-29T22:07:52.149-04:00The Foreclosure Crisis affects 8 Million Children<div style="text-align: center;"><strong><span style="font-size: large;">In OHIO - Foreclosure affects 177,000 children</span></strong></div>Nationwide 2.3 million children lost their homes due to foreclosure while another 3 million are - at risk - while their homes are in some stage of foreclosure. Additionally some 3 million children had to relocate due to rental evictions. In Ohio an estimated 79,000 children have lost their homes to foreclosure and 98,000 more are at risk of eviction because their families’ mortgage payments are at least 60 days delinquent, according to a report released earlier this month by <strong><em><a href="http://www.firstfocus.net/" target="_blank">First Focus</a></em></strong>, a Washington D.C. based family advocacy-group.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkApf8imzCa4-9x5N2AFvkDxRRIVl5ehBfUFwFrrQ_opIxxjGxo6oWP8m2EwiHx05fc7BUinJFvdJrdzjfSYi1l8qCPB17U2CnBY9hoZRKG5bRU6znjnJS7Og_p2UnUhdRcLQPMU8Bh7Yi/s1600/ButlerArtMuseum-Youngstwon.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" closure_uid_7gzfp0="6" height="297" oda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkApf8imzCa4-9x5N2AFvkDxRRIVl5ehBfUFwFrrQ_opIxxjGxo6oWP8m2EwiHx05fc7BUinJFvdJrdzjfSYi1l8qCPB17U2CnBY9hoZRKG5bRU6znjnJS7Og_p2UnUhdRcLQPMU8Bh7Yi/s400/ButlerArtMuseum-Youngstwon.jpg" width="400" /></a></div><div align="left" class="separator" style="clear: both; text-align: center;"><strong>Family destruction by foreclosure - painting at Youngstown Butler Art Museum</strong></div><div align="left" class="separator" style="clear: both; text-align: center;"><br />
</div><div class="separator" style="clear: both; text-align: left;"><strong><em>“It is a huge, traumatic issue for families, and the implications for kids’ long-term well-being is really poor,” </em></strong>said Bruce Lesley, president of First Focus.</div><br />
<strong><em>“The financial pressure on parents tends to affect interactions with each other and with their children, and a less supportive parenting style caused by stress can have negative consequences on children’s behavior and their overall development,”</em></strong> said Julia Isaacs, senior research fellow at the Urban Institute and author of the report. <br />
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The <u><strong>school performance of children</strong></u> who are forced to move out of their homes often suffers, as a move has the <strong>same effect of missing one month of school</strong>, the report said. Some health issues have been linked to housing changes as families with housing problems also postpone important medical visits and they skip buying necessary medications.<br />
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<strong><em>“Many of these families are living in a state of limbo for a very long period of time, and being in that limbo state and trying to fight to avoid losing your house is very tough on these families” </em></strong>said Cyleste Collins, research assistant professor with the Center on Urban Poverty and Community Development at Case Western Reserve University in Cleveland. <br />
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Collins said parents try to limit the disruption the foreclosures cause in their children’s lives by doing things like keeping them in the same schools or holding onto their home until the school year ends. But it is very difficult to shield children from the hardships involved in losing a home, she said.<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoLL36SOsfZHIuJMutIWrphSwxba-rtQyFuB-ADbp3Bg7t9T-VA1PWTMwkUyhsE7wdAvYuX77N7pdnJZxbxqfM6DM3uJaaRaIyzZQ6pcQ8oHeWHmTbfRHj8SofydD5iUnPL2qzPnOfoZ3X/s1600/ForeclosuresWebsiteCarousel.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="211" oda="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoLL36SOsfZHIuJMutIWrphSwxba-rtQyFuB-ADbp3Bg7t9T-VA1PWTMwkUyhsE7wdAvYuX77N7pdnJZxbxqfM6DM3uJaaRaIyzZQ6pcQ8oHeWHmTbfRHj8SofydD5iUnPL2qzPnOfoZ3X/s640/ForeclosuresWebsiteCarousel.jpg" width="640" /></a></div><br />
Across the country, millions of children have lost their homes while millions more are at risk of joining them. Families that are evicted from their homes often must double up with other relatives or rely on friends for a place to stay, according to First Focus. Unstable housing situations commonly lead to emotional and psychological hardships that negatively affect family relationships<br />
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<strong>Read about this terrible crisis & problem as reported by Cornelius Frolik</strong> <a href="http://www.middletownjournal.com/news/middletown-news/study-nearly-80-000-ohio-kids-have-lost-homes-1367529.html" target="_blank"><strong><span style="color: red;"><em>(HERE)</em></span></strong></a><br />
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<strong>In Ohio: contact </strong><a href="http://www.vfc-oh.org/" target="_blank"><strong>Voices for Ohio’s Children</strong></a><br />
<strong><em>Voices for Ohio's Children</em></strong> is a non-partisan collaborative of private, public, and not-for-profit sector organizations and individuals who advocate for public policy that improves the well-being of Ohio's children and their families. Voices for Ohio's Children will be a leader in children's advocacy efforts in Ohio. Our work results in public policy ensuring our children are well-educated, healthy and safe.<br />
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<strong>In Utah: Homeless Families found living in storage units (<a href="http://www.ksl.com/?nid=148&sid=20169843" target="_blank"><em><span style="color: red;">KSL-TV-VIDEO</span></em></a>).....</strong><br />
Storage manager Christie Andrews said that a family of three, including a 3-month-old child, was staying in one of the storage sheds. She said sometimes families can't keep up with traditional rent. "<strong><em>They're homeless and they don't have anywhere to go, I was getting a lot of complaints that people were leaving their doors a half a foot up. ... I would kick them out and then an hour later they were there."</em></strong><br />
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Authored by <strong><em>Brookings Institution</em> </strong>scholar<strong> Julia Isaacs</strong>, the report (<span style="color: red; font-size: x-small;"><a href="http://www.firstfocus.net/sites/default/files/Foreclosures%202012_0.pdf" target="_blank"><strong>Download-Read report HERE</strong></a></span>) provides a comprehensive look at the impact of the mortgage foreclosure crisis on America's children. It finds that one-in-ten children has been or is at risk to be affected by foreclosures, that the rate approaches one-in-five in some states, and that the upheaval resulting from foreclosure can have harmful and lasting consequences on a child's development.<br />
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A <a href="http://www.ffcampaignforchildren.org/resources/documents-and-publications/fact-sheets/a-children-focused-response-to-the-foreclosure-cris" jquery1335724887608="38"><strong><span style="color: red;">companion paper</span></strong></a> released by the <strong><a href="http://www.ffcampaignforchildren.org/" target="_blank"><span style="color: black;"><em>First Focus Campaign for Children</em></span></a></strong> recommends specific actions Congress and the Administration can take to help families avoid foreclosure, find quality, affordable homes quickly when foreclosures happen, and deliver the help children need to blunt the harms resulting from foreclosure. <br />
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The <strong>First Focus Campaign for Children</strong> <strong>places a priority on supporting legislators who stand by our nation's children</strong>. Our Champions and Defenders of Children awards recognize the top 100 Members of Congress (<a href="http://www.ffcampaignforchildren.org/sites/default/files/ChampionsForChildren2011Ad%20-%20Final%20-%20Web.pdf" target="_blank"><strong><span style="color: red;">HERE</span></strong></a>) working to make children and families a national priority in federal policy and budget decisions. <strong>Congratulations to OHIO's only recognized leader - SHERROD BROWN</strong>OHIO FRAUDclosurehttp://www.blogger.com/profile/07611327634810279355noreply@blogger.com0