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Duke Law: The Bootstrap Trap

The corporate owned media is constantly repeating the mindless mantra that a person’s credit score is so important. That is only true up to a point. It is better to live as frugally as possible and to save up and pay cash for items whenever possible to avoid having to borrow unless absolutely necessary. But you will rarely, if ever, find any mention of this strategy in the major media.

Livinglies's Weblog

The Bootstrap Trap

By J. Guggenheim

Duke Law Professor Sara Sternberg Greene’s paper The Bootstrap Trap  describes the tragic oppression of consumer credit on low-income households as people strive desperately to become secure and self-sufficient and the limited influence of poverty law. Professor Sternberg Greene, a practicing sociologist, evaluates the disturbing impact of credit scores on low-income consumers’ lives- that are also applicable to the middle class living paycheck-to-paycheck.

“…..respondents referred to their credit reports or scores as “the most important thing in my life, right now, well besides my babies,” as “that darned thing that is destroying my life,” and as “my ticket to good neighborhoods and good schools for my kids.” Many respondents believed that a “good” credit score was the key to financial stability.”-Greene

“One respondent, Maria, told a story about a friend who was able to improve his score.  She said…

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$2K goes missing from couple’s bank account, but it wasn’t a thief. Guess who?

In my personal opinion the money was taken by a thief, the thief was Bank of America.

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Karen and Lindsay Leveen of Sausalito had been victims of bank fraud once before. So when they found almost $2,000 missing from their checking account, they thought it happened again. The real shock? Finding out who actually took their money.

“We were horrified,” Karen Leveen said. “We said, ‘this is like stealing.”’

They realized their money was gone when they tried to use their debit card at a retail store.

“They said this card won’t cover your purchase and we said, ‘why?’ We thought they were joking.” Karen Leveen recalls. “There should be plenty of money in there.”

“We had just made deposits into that account,” Lindsay Leveen added. “Karen’s social security went into that account, my pension.”

“We thought somebody had drained our bank account,” Karen said. “We became alarmed and went to the nearest (bank) branch.”

A manager at Bank of America confirmed someone had just withdrawn $1,956…

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New Tax Scams Are On The Rise – Protect Yourself And Your Tax Return — Consider The Consumer

They say the only things certain in life are death and taxes, and, well, tax scams. The Internal Revenue Services (IRS) just reported yet another disturbing trend of targeting tax preparers this tax season. This year, however, the schemes seem a bit more sophisticated, making you a bit more susceptible. Even though this year’s tax season has…

via New Tax Scams Are On The Rise – Protect Yourself And Your Tax Return — Consider The Consumer

Ghostwriter: Fabricating Original Wet Blue Ink Signatures — the Underlying Fraud Behind Nearly all Foreclosures

It would not surprise me if the banks and mortgage servicers are also retaining questioned document experts and handwriting experts to ensure that the fabricated “original note” looks as authentic as possible.

Livinglies's Weblog

Want to know how they popped up with an “original” note that looked like the original?

“Our machines have been in government installations worldwide for over 60 years. The Ghostwriter T550 has been a popular machine. It offers the ability to sign signatures or short phrases on letters, awards, forms, and other correspondence. You are also able to enlarge or reduce the size of the signature to fit the signing area of the document. As with all Ghostwriter machines, security is a priority. Signatures are not stored in the machine but on a removable device. Machines are also equipped with passcode entry.”

Let us help you plan your narrative and strategy: 202-838-6345. Ask for a Consult.
Register now for Neil Garfield’s Mastering Discovery and Evidence in Foreclosure Defense webinar.
Get a Consult and TEAR (Title & Encumbrances Analysis and & Report) 202-838-6345. The TEAR replaces and greatly enhances the…

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CAUTIONING FEDERAL STUDENT LOAN BORROWERS ABOUT REFINANCING

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What happens when federal student loan borrowers refinance? Refinancing might be right for certain borrowers, but refinancing federal loans means losing out on certain borrower protections, including the opportunity for forgiveness. American Financial Benefits Center (AFBC), a private document preparation company that specializes in applying for repayment plans, cautions federal borrowers when it comes to refinancing.

“The things that are lost when a federal borrower refinances can be important,” said Brandon Frere, CEO of AFBC. “One of the biggest is forgiveness. Many people appreciate income-driven repayment plans because they know forgiveness is always an option at the end of the life of the loan.”

Refinancing — which means a new loan pays off an existing loan or loans — is possible only in the private sector. This means a borrower must take out a private loan to replace the federal loan, so any protections that are exclusive to federal…

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Even the Bank Attorneys Admit that NO Tender or lawsuit is Required in TILA Rescission. Burden is on the “lender” side.

Livinglies's Weblog

It appears that I have struck a nerve with many of the people who seek to prove me wrong in my “theories.” They are facts, not theories. And as explained by yet another attorney writing an article for the banks and bank attorneys, it is up to the “bank” side of the equation to do anything about rescission. The borrower need do nothing except send the notice. If the “bank” side does nothing they do so at their own peril — not the homeowner’s peril. READ THE STATUTE and the unanimous decision by SCOTUS in Jesinoski v Countrywide.

Although trial judges treat the matter as unsettled or even settled opposite to the express wording of the statute and the only case that matters, the issues raised defensively by the “bank” side relative to TILA Rescission are plainly without merit and well-settled by statute and SCOTUS.

The article below seeks to…

View original post 1,398 more words

It’s the Rules of Evidence Stupid: 25 Ways in Which Foreclosure Attorneys Are Knowingly Committing Fraud on Our State and Federal Courts — Deadly Clear

Sunday, February 4, 2018 – 3 PM HST (Rebroadcast from June 14, 2015 – Its Super Bowl Sunday – everybody deserves a day off now and then) Upcoming Discussion for Sunday’s THE FORECLOSURE HOUR Sundays: 3 pm (HST) / 5 pm (PST) / 8 pm (EST). Click HERE to listen. ——————————- Not very long ago lenders filing foreclosure actions […]

via It’s the Rules of Evidence Stupid: 25 Ways in Which Foreclosure Attorneys Are Knowingly Committing Fraud on Our State and Federal Courts — Deadly Clear

Knowledge of the rules of evidence for your particular state is vital for anyone fighting foreclosure.  If only the California Supreme Court would rule that lenders must prove their “standing at inception” to foreclose, having evidence of the possession of the underlying promissory note at the time the foreclosure lawsuit was first filed.

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