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David's Macro Blog

Analysis and commentary on business, economics, real estate, financial markets, and other fun topics

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Tag: Foreclosure Mill

Ever wonder how the real estate boom and bust occurred? Why is the foreclosure process such a mess and causing problems across the country?

The system was set up for failure.

Watch both videos of the deposition of alleged robosigner Dhurata Doko of Nationwide Title Clearing. The deposition was taken by attorney Christopher Forrest of The Forrest Law Firm.

This is not about the actions of a few lower-level employees but the system created by those in power.

Part 1

Part 2

Again, this is not about the people performing tasks on a daily basis — they were NOT the ones in power or control. They were just following orders from above.

Other robosigner deposition videos:

Ever wonder how the real estate boom and bust occurred? Why is the foreclosure process such a mess and causing problems across the country?

The system was set up for failure.

Watch all three videos of the deposition of alleged robosigner Brian Bly of Nationwide Title Clearing. The deposition was taken by attorney Christopher Forrest of The Forrest Law Firm.

This is not about the actions of a few lower-level employees but the system created by those in power.

Part 1

Part 2

Part 3

Again, this is not about the people performing the tasks on a daily basis — they were NOT the ones in power or control. They were just following orders from above.

Other robosigner deposition videos:

Ever wonder how the real estate boom and bust occurred? Why is the foreclosure process such a mess and causing problems across the country?

The system was set up for failure.

Watch all four videos of the deposition of Crystal Moore, alleged robosigner of Nationwide Title Clearing. The deposition was taken by attorney Christopher Forrest of The Forrest Law Firm.

The main issue is not the actions of a few low-level employees but the system created by those in power.

Part 1

Part 2

Part 3

Part 4

Again, this is not about the people performing the tasks on a daily basis — they were NOT the ones in power or control. They were just following orders from above.

Other robosigner deposition videos:

Foreclosure Fraud By now you’ve probably heard of the massive fraud in foreclosures perpetrated by lenders in their haste to cut costs and process the high volume of forecloses quickly. Some of the biggest issues at the heart of the now nationwide foreclosure moratorium go to the heart of our legal system and the rule of law.

There are two depositions of paralegals at the David J. Stern law firm in Florida that you must read. These two employees describe the climate, culture, and operations of a “Foreclosure Mill“. This blatant disregard for the rule of law is so embedded in the culture there that our very freedoms and trust in the fairness of the egalitarian “American Way are at risk.

The biggest issues are that the Stern law firm (and probably most of the foreclosure industry) perpetrated fraud upon the courts by falsely signing affidavits and creating fictitious legal documents in order to capture fees for processing foreclosures quickly.

I know these are lengthy depositions, but it is well worth reading BOTH documents (embedded below) so that you understand the issues and realize the gravity of our situation should this systemic fraud continue.

My Thoughts on Foreclosure Fraud

Yes, home owners who haven’t paid their loan should lose their homes to foreclosure, but NOT through legal fraud imposed upon them by the banks and their servicers. Are we a 3rd-world nation where bribes and legal malfeasance direct action?

False affidavits are not unlike perjury in the courtroom because an affidavits is similar to a courtroom testimony. Many, many people should go to jail; let’s hope some of those at the top do; not just a few scapegoats.

Deposition of Tammie Lou Kapusta – Law Office of David J. Stern

Full Deposition of Tammie Lou Kapusta Law Office of David J Stern

Deposition of Cheryl Sammons – Law Office of David J. Stern

Full Deposition of the Soon to Be Infamous Cheryl Samons RE Deutsche Bank National Trust Company, As Truste…

More About the Foreclosure Mess and Fraud

Fraud Factories: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis