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Freddie Mac to consumers: Here’s how to avoid mortgage fraud

Justice League

Now this is a joke. Freddie Mac is educating consumers on mortgage fraud!

Housingwire:

As part of a continuing series that aims to educate consumers on all aspects of the home buying process, Freddie Mac released a short video that tells consumers how to avoid mortgage fraud when applying for a loan.

In the video, Freddie Mac identifies several “red flags” that consumer should be on the lookout for, including:

  • Being told to exaggerate your income, assets, credit, or provide false information someone says will help get the loan approved
  • Being pressured to sign paperwork that you haven’t had a chance to read or that you don’t fully understand
  • Being asked to release personal financial information online or over the phone by someone you don’t know

Last year, as a part of the same education effort, Freddie Mac issued a warning to buyers and lenders about scams that offer the…

View original post 59 more words

Using a QDRO to collect support in California

Using a QDRO to collect support in California is the topic of this blog post.

In order to collect current or overdue support in California from a pension or retirement plan requires that you first obtain what is sometimes known as a QDRO for Support. The use of a QDRO for Support is a little known procedure that some attorneys and other legal professionals that work on divorce cases in California are not even aware can be done.

A QDRO for Support in California is considered an Earning Assignment Order as defined in Family Code section 5208.

If you use it in the appropriate situations using a QDRO for Support in California is an extremely powerful tool that can allow you to collect current or overdue child, spousal or family support or both from any pension or retirement plan that has been joined as a party to the action. The use of a QDRO for Support can work wonders even if other more traditional and well known methods of collecting support have failed.

Important facts about the use of a QDRO to collect support in California.

However the most important limitation is that the QDRO for Support cannot work unless your spouse or ex-spouse currently is or will be entitled in the future to benefits from a pension or retirement plan.

One excellent advantage is that the QDRO for Support can require the pension or retirement plan to notify you in writing of the earliest date on which the person ordered to pay support will become eligible to receive any benefits under the pension or retirement plan if they terminated their employment.

Yet another important limitation in that the QDRO for Support cannot require the pension or retirement plan to pay out unless the person ordered to pay the support is eligible to receive any benefits under the pension or retirement plan. So if your spouse or ex-spouse is not eligible the QDRO for Support will only work when they become eligible to receive any benefits under the pension or retirement plan if they terminated their employment.

Another important limitation is that the pension or retirement plan must have been joined as a party to the action. However obtaining an order of joinder is fairly simple and can be issued by a court clerk at the counter in most counties once you have completed all of the required forms. For more information on obtaining an order of joinder view this blog post http://wp.me/ps4Uj-4s

Reasons to use a QDRO to collect Support in California.

The brutal reality that you must face is the fact that with the current state of the economy for the past 8 years or so it is becoming much harder to collect any unpaid debts including current or overdue child, spousal or family support or both even if you are using the services of the California Department of Child Support Services (DCSS).

The DCSS employees are competent and hard working but they are also usually swamped with all of the other support cases they are working on and that can result in delays in collecting your child support. And there are some that are not familiar with using a QDRO for Support to collect any support.

Using a QDRO for support in California is an often overlooked and powerful tool for collecting current or overdue child, spousal or family support

Attorneys or parties that would like to view a portion of a 15 page sample QDRO for Support designed for use with a pension or retirement plan containing brief instructions, sample suggested wording, instructions for the Payor and the Participant in the plan, and the required Statement of Confidential Information Attachment to Qualified Domestic Domestic Relations Order for Support sold by the author of this blog post can see below.

The author of this blog post, Stan Burman, is a freelance paralegal who has worked in California and Federal litigation since 1995 and has created over 300 sample legal documents for sale.

*Do you want to use this article on your website, blog or e-zine? You can, as long as you include this blurb with it: “Stan Burman is the author of over 300 sample legal documents for California and Federal litigation and is the author of a free weekly legal newsletter. You can receive 10 free gifts just for subscribing. Just visit http://freeweeklylegalnewsletter.gr8.com/ for more information.

 You can view sample legal document packages for sale at: http://legaldocspro.net

DISCLAIMER:

Please note that the author of this blog post, Stan Burman is NOT an attorney and as such is unable to provide any specific legal advice. The author is NOT engaged in providing any legal, financial, or other professional services, and any information contained in this blog post is NOT intended to constitute legal advice.

The materials and information contained in this blog post have been prepared by Stan Burman for informational purposes only and are not legal advice. Transmission of the information contained in this blog post is not intended to create, and receipt does not constitute, any business relationship between the author and any readers. Readers should not act upon this information without seeking professional counsel.

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HSBC pays $470m for mortgage misconduct

rogerrinaldi

HSBC pays $470m for mortgage misconduct

  • 5 February 2016
  • From the sectionBusiness
HSBC bankImage copyrightGetty Images

HSBC has reached a $470m (£325m) settlement with the US government and states related to dubious mortgage lending and foreclosure practices that contributed to the financial crisis.

The agreement includes a $100m fine and $370m in consumer relief to borrowers.

Investigations began in 2010 after HSBC was found to be signing off foreclosure documents without proper review.

In a statement, the bank’s chief executive Kathy Madison called the agreement a “positive result.”

The consumer relief will require the bank to cut the loan amount on mortgages for homeowners close to default. HBSC will also be required to change internal practices like foreclosing on homeowners who are being considered for a loan modification.

“The agreement is part of our ongoing effort to address root causes of the financial crisis,” said the head of the…

View original post 42 more words

Reminder: President of DOCX Pled Guilty to Fabricating and Forging Documents

Livinglies's Weblog

WE HAVE REVAMPED OUR SERVICE OFFERINGS TO MEET THE REQUESTS OF LAWYERS AND HOMEOWNERS. This is not an offer for legal representation. In order to make it easier to serve you and get better results please take a moment to fill out our FREE registration formhttps://fs20.formsite.com/ngarfield/form271773666/index.html?1453992450583 
Our services consist mainly of the following:
  1. 30 minute Consult — expert for lay people, legal for attorneys
  2. 60 minute Consult — expert for lay people, legal for attorneys
  3. Case review and analysis
  4. Rescission review and drafting of documents for notice and recording
  5. COMBO Title and Securitization Review
  6. Expert witness declarations and testimony
  7. Consultant to attorneys representing homeowners
  8. Books and Manuals authored by Neil Garfield are also available, plus video seminars on DVD.
For further information please call 954-495-9867 or 520-405-1688. You also may fill out our Registration form which, upon submission, will automatically be sent to us. That form can be…

View original post 1,946 more words

Bank Consolidation Chart-Great Tool for Everyone

Check out this great bank consolidation chart used by Roger Rinaldi who is fighting the big banks and has been for several years now.

rogerrinaldi

Comment: I have this in one of the many reference binders created, and although dated, it reflects pretty much the status quo of the current banking racketeering members as we know them.  These five largest left standing were all complicit in the creation, sale, and subsequent failure of the mortgage-backed securities used to rob the investors, the taxpayers, and those who became homeowners under the guise of cheap money.  The money wasn’t CHEAP, it was STOLEN.  Investor money never purchased or acquired any title to any of the notes and mortgages/deeds of trust. Look at the Europeans banks who robbed us as well: Deutsche Bank, HSBC, Barclays, UBS, Credit Suisse, they’re all in this up to their eyeballs.

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Confronting the “Motions” Filed Against Rescission

Livinglies's Weblog

THIS ARTICLE IS FOR LAWYERS ONLY
===============================
WE HAVE REVAMPED OUR SERVICE OFFERINGS TO MEET THE REQUESTS OF LAWYERS AND HOMEOWNERS. This is not an offer for legal representation. In order to make it easier to serve you and get better results please take a moment to fill out our FREE registration formhttps://fs20.formsite.com/ngarfield/form271773666/index.html?1453992450583 
Our services consist mainly of the following:
  1. 30 minute Consult — expert for lay people, legal for attorneys
  2. 60 minute Consult — expert for lay people, legal for attorneys
  3. Case review and analysis
  4. Rescission review and drafting of documents for notice and recording
  5. COMBO Title and Securitization Review
  6. Expert witness declarations and testimony
  7. Consultant to attorneys representing homeowners
  8. Books and Manuals authored by Neil Garfield are also available, plus video seminars on DVD.
For further information please call 954-495-9867 or 520-405-1688. You also may fill out our Registration form which, upon submission, will automatically be…

View original post 719 more words

Judge OKs class action against Wells Fargo in dispute with homeowners

Great news for homeowners! This blog post from the Justice League Task Force blog is about an article from the Mercury News how United States District Court Judge Vince Chhabria just signed an order to certify all of the plaintiffs suing Wells Fargo from California as a class. This means that Wells Fargo may face a huge liability for their failure to keep the promises that they made to homeowners that their mortgage would be modified.

Justice League

SAN FRANCISCO — Wells Fargo must defend itself against a class-action lawsuit brought by homeowners who accuse the banking giant of failing to modify mortgages that the residents sought to change amid the foreclosure crisis unleashed by the Great Recession, attorneys said Tuesday.

The plaintiffs in the case believe that Wells Fargo did not keep the promises it had made to homeowners in terms of modifying the terms and conditions of their mortgages.

Read on.

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