Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Ed Cage
"Bear Stearns (BSC) owns two bankruptcy-debt buyers: Max Recovery and eCast Settlement. The market also includes billions in discharged debts."

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Submitted by
Ed Cage

1804 Cross Bend, Plano Texas 75023 (Phone listed)

ecagetx@tx.rr.com


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~Beenawhile

Now isn't that just nifty,

Max recovery received payments on our Chpt. 13

(we didn't find out til after the Chpt 13 discharge papers came to us, with full records, of all payments the trustee made.)

We never knew they were a part of our Bankruptcy. strange!

And you know what is even stranger? EMC didn't know they were getting our loan until "AFTER" we filed for the bankruptcy.

The original Mort co. and EMC, had a plan "to stick it to us" from the beginning. GREAT FIND ED!

EXCELLENT, THANK YOU, THANK YOU.

btw MAX RECOVERY got paid something like $1,800.00 they weren't even owed.

Boy this fraud just perpetuates from ever single corner.

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Digger
~Beenawhile
Quote:
EMC didn't know they were getting our loan until "AFTER" we filed for the bankruptcy.


EMC knew they were getting a list of loans to foreclose on.  The details of your loan were of no interest to EMC, as their role in this Ponzi scheme is to foreclose on homes, whether or not you were current with your payments.

Your loan was selected for its value and put on a list of homes to steal. EMC's role, as with the other fraudsters (Litton, Ocwen, etc.), is to first set you up by manufacturing a fraudulent default and then steal your home.  The illegal profits are H-U-G-E!   

EMC's "MOD (Manufacturers Of DeFault) SQUAD"?  Hahahahaha, that was just a public relations stunt, but with the rampant "dumbing down of America" - some believed it.  Remember, some still believe these foreclosures are our fault.

The Texas Attorney General is doing the same PR thing by announcing they told EMC to help borrowers.  That is like trying to train a rock.
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Ed Cage

Digger ON: --------------

"EMC knew they were getting a list of loans to foreclose on.  The details of your loan were of no interest to EMC, as their role in this Ponzi scheme is to foreclose on homes, whether or not you were current with your payments.
Your loan was selected for its value and put on a list of homes to steal. EMC's role, as with the other fraudsters (Litton, Ocwen, etc.), is to first set you up by manufacturing a fraudulent default and then steal your home.  The illegal profits are H-U-G-E!   
    EMC's "MOD (Manufacturers Of DeFault) SQUAD"?  Hahahahaha, that was just a public relations stunt, but with the rampant "dumbing down of America" - some believed it.  Remember, some still believe these foreclosures are our fault.
    The Texas Attorney General is doing the same PR thing by announcing they told EMC to help borrowers.  That is like trying to train a rock."

Digger OFF --------------

 

Well said Digger. And I might add the reason my primary focus is on these "escrow" "suspense" "corporate advance" funds is because that's a favorite methodology mortgage criminals like Citi Residential, Ameriquest (RIP), AMC (RIP) and EMC (RIP) illegally cheated and still cheat customers.  But the worst of all of them is the infamous Bear Stearns mortgage unit (Greg Fedler).  Fedler and the Bear Stearns fake or forged records, endless lies, and unjustly accelerated illicit "foreclosures" and gross abuse of the above "suspense" etc. accounts have indeed set the standard for criminal white collar fraud in America. Bear Residential and Greg Fedler will soon face criminal charges and I honestly don't see the Bear mortgage unit surviving past January 31, 2008.

 

Ed Cage
1804 Cross Bend, Plano Texas 75023
972-596-4363

ecagetx@tx.rr.com

 


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~beenawhile
so how long do you think they knew they were getting our loan , before they actually did get the loan transfer?

Did they know a month or two in advance?
This would also explain all the Insurance Activities that went on with EMC, right before transferring our loan to the current servicer.

Thanks





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Sweet Spot
Check the SEC website.
It WILL tell you when they changed hands on your loan.
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~beenawhile

Sweet Spot wrote:
Check the SEC website.
It WILL tell you when they changed hands on your loan.

Thanks all, and sweet spot, thank you for the tip about the sec website.
I've tried looking for the info, but have found nothing relevant to the sale of my loan. Actually, didn't find anything about EMC period.

Maybe I'm not doing the proper search.
Any suggestions?
Thanks.
beenawhile.
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