[Occupymendocino] Foreclosure Pandemic Continues

Richard Karch rkarch at mcn.org
Sun Jun 17 11:57:58 PDT 2012


>>>>> 
>>>>> FORECLOSURE PANDEMIC CONTINUES:
>>>>> Foreclosure Auctions Scheduled for the rest of June 2012 (from ForeclosureRadar):
>>>>>   California auctions:  55,037 – 2,752/day 
>>>>>   Arizona auctions:  12,726 – 636/day
>>>>>   Nevada auctions:  2,481 – 124/day
>>>>>   Oregon auctions:  1,783 – 89/day
>>>>>   Washington auctions:  2,431 – 121/day
>>>>> Total auctions for the rest of June, 2012:  74,458 - 3,722/day (just in these 5 states)
>>>>> 
>>>>> ARE BANKS SKIPPING OUT ON US??
>>>>> 
>>>>> 5/14:  GMAC puts mortgage unit (ResCap) in bankruptcy.  One of the 5 banks in the AG Settlement and paid $212M as a fine, ResCap still owes taxpayers $12B of $17.2B bailout.  Buyers of subprime loans sued GMAC demanding they buy back toxic assets.  Does this mean ResCap is defaulting on the bailout payback??
>>>>> 
>>>>> 5/30:  Aurora bankruptcy to be completed by June 30, 2012:  Aurora’s portfolio is being transferred to a new servicer, NationStar, on July 1, 2012 as part of their bankruptcy…  so who picks up the lawsuit tabs?   
>>>>> 
>>>>> 
>>>>> FIGHTING BACK BY DEMANDING FORECLOSURE FEES, TEMP HALT TO FORECLOSURES, OR DA ACTION BASED ON RECORDED FRAUDULENT DOCS:
>>>>> 
>>>>> 6/5:  SF: Supervisor Avalos And Recorder Phil Ting are sponsoring Foreclosure Protection Tax legislation requiring banks to pay transfer tax on foreclosures in San Francisco.  Surely counties can get on board with this revenue enhancing proposition.  Michigan won a lawsuit against Fannie/Freddie to make them pay transfer taxes.
>>>>> 
>>>>> 6/6:  SF, others seek temp halt to foreclosures.  Until $25B AG settlement is to be enacted July 1, 2012.  Remember “robosigning” is just plain fraud. And that fraud is on record at our county recorder offices.  That they aren’t in prison for this fraud is beyond me.  We’re encouraging county DAs to file charges.
>>>>> 
>>>>> 6/6:  Foreclosure fighters met with Butte county DA today and myself on the phone.  I was greatly encouraged to hear that all the DAs and the AG are meeting in 3 weeks to discuss this pandemic which is the major topic at hand.  Let’s do a big push in contacting our county DAs to let them know we need foreclosures to stop.
>>>>> 6/6:  Foreclosure CFI volunteers checking records in Santa Cruz and Butte County right now.  Check out our CFI Training page, to learn how to find fraud filed by the banks in your county records.
>>>>> 
>>>>> WHAT PEOPLE CAN DO TO HELP THEMSELVES – NEW STUFF AT WWW.HOFJ.ORG:
>>>>> 
>>>>> HOFJ web page:  5. Restitution, Reform page:  Independent foreclosure review:  [form] 2009-2010 foreclosed owners must file by 7/31/12.  if an owner feels they’ve suffered financial harm directly resulting from errors, misrepresentations, or other deficiencies that may have occurred during the foreclosure process.  Servicers required to compensate borrowers for financial injury resulting from deficiencies in their foreclosure processes. 
>>>>> 
>>>>> HOFJ web page:  2a. Free loan modification info page.  handy links to info with explanations.  
>>>>>    includes CA DRE cease and desist orders and enforcement against loan mod scammers links.
>>>>> 
>>>>> HOFJ web page:  Legal Action by State page:  Check out the AG Settlement, Facts and Executive Summary on
>>>>> 
>>>>> 
>>>>> CJ & HOFJ COMING EVENTS:
>>>>> 
>>>>> 6/14:  TV production went very well, and should be loaded up to Youtube soon and broadcast on Public TV, channel 3 in Mendocino county. 
>>>>> 
>>>>> 6/22:  Monterey County Foreclosure Teach-in at 1364 Fremont Bl, Seaside, from 6p-9p.
>>>>> 
>>>>> 6/25:  March on Sacramento for Foreclosure Moratorium June 25th 10a-3p.  I’ll be speaking.  We need thousands of owners to show up for this. Foreclosures hurt everyone.  Rally for Homes.
>>>>> 
>>>>> 9/8:  Santa Clara Foreclosure Summit – I’ll be speaking at event
>>>>> 
>>>>>  
>>>>> CJ Holmes
>>>>> Housing Policy Director 
>>>>> Real Estate Analyst  DRE 01234197
>>>>> (707) 235-1381 c
>>>>> cjholmes at cjholmes.com
>>>>>  
>>>>> Home Owners For Justice
>>>>> www.HOFJ.org
>>>>> (707) 578-5727
>>>>> (707) 578-5873 f
>>>>> 818 Mendocino Ave
>>>>> Santa Rosa, CA  95401
>>>>>  
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