Matt Weidner Blog

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Entries Tagged as 'Foreclosure'

Another Day, Another Set of Serious Allegations Against David J. Stern

July 28th, 2010 · 1 Comment · Foreclosure, Mortgage News

Things just keep looking darker for the former king of Florida foreclosures, David J. Stern.  This comes from the wire at Wall Street Journal…poor David J. Stern…..the following is taken directly from the press release:
The Briscoe Law Firm, PLLC and Cash Powers Taylor, LLP Announce the Investigation of Possible Breaches of Fiduciary Duties Against [...]

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Fight The Mortgage Servicers Who Bring These Foreclosure Actions

July 28th, 2010 · 1 Comment · Foreclosure

The vast majority of foreclosure cases are brought not by the real parties that have any interest in the outcome of the litigation, but by nominal, shell Plaintiffs that have been propped up by the investors or the real parties in interest to pursue the litigation.  Because the vast majority of foreclosures go undefended, this [...]

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BOMBSHELL- CLASS ACTION OPEN FOR EVERY CONSUMER WHO HAS BEEN SUED BY DAVID J. STERN

July 27th, 2010 · 3 Comments · Foreclosure, Mortgage News

First reported by 4closurefraud, I post below a stunning and mind-blowing class action lawsuit that was just filed against the Law Offices of David J. Stern, David J. Stern individually and MERSCorp. The lawsuit is stunning both in the allegations made and the detail that describes the collapse of the entire American financial markets and [...]

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Lenders Working Hard to Avoid Mortgage Modifications.

July 26th, 2010 · 1 Comment · Foreclosure

The reports from the federal government regarding the number of homeowners that have obtained permanent mortgage modifications under the HAMP program show once again how hopeless it is to rely upon government programs to resolve the mortgage crisis.  Clients and advocates continue to ask me, “Why won’t the lender work with me on a modification?” [...]

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Who’s To Blame When Mortgages Aren’t Modified or Short Sales Are Not Approved? Noone Knows?

July 25th, 2010 · 1 Comment · Foreclosure

In far too many cases, homeowners are refused reasonable modifications and short sales are not approved…and nonone really knows why….or who is making the decisions.  The article attached here and first published on loansafe.org should have everyone thinking.
Why are we allowing billions of dollars in property and capital be transferred by judicial process to corporations [...]

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Are Circuit Courts Complicit in The Latest Wall Street Con Games?

July 24th, 2010 · 1 Comment · Foreclosure, Mortgage News

I have been screaming for months now that the lenders, servicers and shadowy entities that are pushing foreclosures through are engaging in more fraud that threatens to destabilize our economy and further damage American’s already shaky trust in government and institutions.
The fraud and con is being played out in circuit courts all across the State [...]

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More Bad News for David Stern and DJSP Enterprises…..

July 23rd, 2010 · 1 Comment · Foreclosure, Mortgage News

Another day, another bad newspaper article in the St. Petersburg Times for David J. Stern, (ahem) the Law Offices of David J. Stern, David J. Stern Enterprises or whatever the heck the evil empire is called…..I cannot imagine that the small number of institutional lender clients will continue to refer cases to a law firm [...]

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From Today’s WSJ- HAMP Modification a Dismal Failure, Absurd Requests and Delays

July 23rd, 2010 · 1 Comment · Foreclosure, Mortgage News

Today’s Wall Street Journal reports what we’ve all known for quite a while….The HAMP program is an absurd joke and a dismal failure. Full article here.
So far, the 17-month-old effort has delivered a permanent fix to less than 15% of the borrowers the administration said it could ultimately help. Through June, roughly 398,000 [...]

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The Banks Win, We All Give Up, You Can Have The Keys To The Courthouse.

July 22nd, 2010 · 1 Comment · Foreclosure

We’re all acutely aware that there is a foreclosure crisis across this country and in the State of Florida in particular.  It has been widely reported that there are 33,000 active foreclosure cases pending in Pinellas County, Florida.  I actually think the number of foreclosures that could be filed would be closer to double or [...]

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TRICKED, CONNED, SCAMMED- ANOTHER HOMEOWNER’S HOME SOLD WHILE IN ACTIVE NEGOTIATIONS WITH LENDER

July 22nd, 2010 · 1 Comment · Foreclosure

Actually it probably happens hundreds, perhaps thousands of times a week across the state.  A hapless but hopeful homeowner is working with his lender (or someone he thinks is his lender), thinking that he is on the verge of a mortgage modification, when behind the scenes, the lender has convinced a judge to grant foreclosure [...]

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