The tip of the iceberg in mortgage rescues

Discussion of various forms of Advance Fee Fraud, including application fees for loans that never materialize, self-liquidating loan scams, as well as mortgage elimination scams and related debt elimination scams [Nigerian-type scams should go in the Nigerian 4-1-9 forum]
Judge Roy Bean
Judge for the District of Quatloosia
Judge for the District of Quatloosia
Posts: 3529
Joined: Tue May 17, 2005 7:04 pm
Location: West of the Pecos
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The tip of the iceberg in mortgage rescues

Postby Judge Roy Bean » Wed Mar 11, 2009 4:44 am

The depth of deceit in rescue scams just never surprises me - but there may be consequences:

http://www.nytimes.com/2009/03/08/nyregion/08scam.html?_r=2&th&emc=th

“Our position is that the mortgage with IndyMac is toilet paper — it has no legal standing,” said her lawyer Rick Wagner, litigation director with Brooklyn Legal Services Corporation A. “The law for 200 years is that no title can arise from a fraudulent act.”


Ah, Rick, let me give you (and especially the other 90% of the legal community that is apparently content to ignore your client's situation) a hint here - "titles" have been arising from fraudulent acts for years. Hopefully you'll prevail, but when a Federal agency steps in, don't expect rational behavior.
The Honorable Judge Roy Bean
The world is a car and you're a crash-test dummy.
The Devil Makes Three

verus2612

Re: The tip of the iceberg in mortgage rescues

Postby verus2612 » Wed Mar 11, 2009 11:54 pm

The good director is in for a rude awakening should push come to shove. Assuming that he's able to overcome the hurdle of Indymac being treated as a bonafide purchaser for value without knowledge of the fraud alledgedly perpetrated by the poor woman's rescuer relative to the lien of the mortgage, he's going to find out that a lot of things that might have been a defense against Indymac aren't applicable when the holder of the mortgage is the FDIC.

Judge Roy Bean
Judge for the District of Quatloosia
Judge for the District of Quatloosia
Posts: 3529
Joined: Tue May 17, 2005 7:04 pm
Location: West of the Pecos
Contact:

Re: The tip of the iceberg in mortgage rescues

Postby Judge Roy Bean » Wed Apr 01, 2009 7:11 pm

The Honorable Judge Roy Bean
The world is a car and you're a crash-test dummy.
The Devil Makes Three


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