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6 Things a Divorce Attorney Won’t Tell You — FYI Divorce

If you can manage it, get through your divorce with as little family law industry personnel involved as possible. Almost every person that works in the family law industry and even your friends will say, “you need an attorney!” Newsflash, they don’t REALLY know and if they work in the industry, they have ulterior motives. […]

via 6 Things a Divorce Attorney Won’t Tell You — FYI Divorce

I worked on divorce cases, both contested and uncontested in California for many years and I have to say that I agree with most of the points made in this blog post. The family law industry is just that, an industry whose main goal is to extract as much profit as possible.

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Going Pro Se in an Attorney’s World – 5 Things to Remember at Settlement — FYI Divorce

Going pro se or representing yourself in a divorce is not for everyone. Family law is a division of the Judicial Branch that is not governed like criminal law. In fact, there is very little information online that clearly explains how and when family law started in the first place and why it is structured […]

via Going Pro Se in an Attorney’s World – 5 Things to Remember at Settlement — FYI Divorce

Good tips.  If representing yourself in a divorce case be sure to visit the local law library as they will have excellent legal textbooks also known as treatises on various legal subjects including divorce (also referred to as domestic relations among other terms). These textbooks will have valuable information on the divorce laws in your state.

For California I have found that the Nolo Press books are excellent at providing basic information and guidance. For contested cases the Rutter Group Guide for family law is excellent and can be found in just about every county law library in California.  Search for a public law library in California at this link: Search for a law library in California

Readers in other states can search for a law library in their area at this link: Search for a law library in your area

If you are representing yourself in a divorce case in California you can get limited assistance through a family law facilitator in your local courthouse.  They cannot represent you but can often help walk you through the basics. You can search for the family law facilitator for your California county at this link: Family law facilitators in California

 

Wells Fargo Hit by Surprise Charge From Pre-Crisis Mortgages

Justice League

  • Bank takes $1 billion charge for pre-crisis mortgage probe
  • Surprise charge adds to headaches from fake accounts episode

Nearly a decade after the financial crisis, Wells Fargo & Co. is getting stung by bad behavior in the housing bubble.

The company took a surprise $1 billion charge in the quarter for previously disclosed regulatory investigations into its pre-crisis mortgage activity, the third-largest U.S. lender said Friday in a statement. The expense pushed total costs to a record $14.4 billion.

Read on.

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How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders — WEB OF DEBT BLOG

During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt. He said on October 3rd: You know they owe a lot of money to your friends on Wall Street. We’re gonna have […]

via How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders — WEB OF DEBT BLOG

I would support this strategy on the condition that any Puerto Rico bond debt that is held by the big banks or hedge funds not be included.

Katherine Ann Porter, Author of 2007 Study Revealing the Destruction of Notes, Is Running for Congress

Hopefully she will do more for homeowners than Kamala Harris has ever done, which was not very much.

Livinglies's Weblog

Ms. Porter was the first person who broke through the ruse of securitization and confirmed what I thought, in 2007, leading to the creation of this blog. As a Professor at the University of Iowa she conducted a study that revealed that, at a minimum, 40% of all executed notes were destroyed shortly after the “closing” of a home loan. Negotiable notes are the equivalent of cash. I was left with the question “why would anyone shred money?”

Now in California, this former protege of Elizabeth Warren is running for Congress. I think she deserves all the support she can get. She is one of the few people running for public office who understands the mortgage meltdown and who will keep fire to the feet of fellow legislators as the country continues to sort out fraudulent loans, fraudulent “meltdowns,” and fraudulent foreclosures.

Ten years ago, when I was a lone…

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North Carolina Bans Conflict of Interest on Deed of Trust

That is good news for homeowners in North Carolina. Other non-judicial foreclosure states such as California need to pass similar legislation.

Livinglies's Weblog

On August 30, 2017, an amendment to North Carolina’s foreclosure statutes took immediate effect.  The amended statute, Section 45-10, concerns substitute trustees under a deed of trust.  As amended, Section 45-10 now prohibits an attorney who serves as trustee or substitute trustee from representing the noteholder or the borrower while “initiating” a foreclosure proceeding.  Before the amendment, a lender often could rely on its counsel simultaneously to conduct the foreclosure and represent its interests.  With the new amendment, the takeaway for lenders is that non-judicial foreclosure under the power-of-sale provision in a deed of trust now requires two parties—a substitute trustee and lender’s counsel—and this may increase the time and expense of foreclosure.

Non-Judicial Foreclosure and Substitute Trustees

There are three parties to a deed of trust:  (1) grantor (borrower), (2) trustee, and (3) beneficiary (lender).  Typically, the first step in foreclosure is to replace, or substitute, the trustee under…

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The Implied “Trust” and Discovery

Livinglies's Weblog

If you look closely at the NOD, NOS, foreclosure complaint, and correspondence you see two things that are fairly constant — (1) they ALWAYS refer to the case as “US Bank” (or some other bank) and (2) they often don’t actually name a trust although it is implied.

This is classic misdirection. The Judge is thinking “U.S. Bank” when the case presented asserts that the Bank is not party to the action except as trustee for the “real party” which is not named and most likely doesn’t exist.

As an example of how to confront this, see below.

Get a LendingLies Consult and a LendingLies Chain of Title Analysis! 202-838-6345 or info@lendinglies.com.
https://www.vcita.com/v/lendinglies to schedule CONSULT, leave a message or make payments.
OR fill out our registration form FREE and we will contact you!

We also edit and draft documents

https://fs20.formsite.com/ngarfield/form271773666/index.html?1502204714426
THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH…

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