Rene’ Powers: Radio Host/One Mom On A Borough

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If you are a homeowner in California that has had to deal with OCWEN and was damaged in anyway, please take the time to let Carlos Marroquin know.

Carlos is the head of OCCUPY FIGHTS FORECLOSURE in California and is in talks with the California Regulators investigating OCWENS’s misconduct, fraud and let’s be honest here THEFT of homeowners identities, properties and lives. Even if you were foreclosed on or had problems with OCWEN prior to January 2013 we want to hear from you.

OCWEN has entered into deals to stop predatory practices, but they have not. OCWEN continues to steal homes, as do all the 3rd party debt collectors.

It is important to compile as many letters as possible to turn into the Regulators. If you are able to have them notarized it is a good thing to do.

Do you have an Ocwen story to share with the regulators? If so, please take the time to send your information to Carlos at :

Carlos Marroquin’s email at carlosoccupy@gmail.com

Carlos may also be found on facebook at this link:      https://www.facebook.com/carlosthemailman?fref=ts&ref=br_tf

Many groups have given the authorities proof of foreclosure fraud, from Occupy, the California 18, individual homeowners and foreclosure fighters to many to list here. Please take a stand, send your letters and contact all the agencies to tell them that it is not just OCWEN it is a systemic pattern of crimes that are stealing our land, homes, lives and stealing from the State and Federal funds as well. IRS fraud, Insurance fraud, Mortgage fraud, Securities fraud, Identity theft, Forged documents, Bribery, Pay Offs, Stolen Property, the list goes on. Stop the crimes and help our nation to heal. Hold Public Servants accountable to arresting the criminals, giving back stolen property and paying damages.

The Attorney General of Massachusetts has done this, look and see it can be done, should be done and will be done in California too. HOW ABOUT IT ATTORNEY GENERAL KAMALA HARRIS? Isn’t it time California stops illegal foreclosures?

For Immediate Release – January 16, 2015

Four National Banks to Pay $2.7 Million to Massachusetts Over Unlawful Foreclosures

Bank of America, JP Morgan Chase, Citi and Wells Fargo Bank to Assist Consumers in Curing Foreclosure-Related Title Defects

BOSTON – Four national banks agreed to pay a total of $2.7 million and undertake obligations to facilitate the repair of defective property titles, resolving claims that they unlawfully foreclosed on properties in Massachusetts when they did not hold the mortgages, Attorney General Martha Coakley announced today.

The consent judgment, entered today in Suffolk Superior Court, resolves the AG’s allegations that Bank of America, JP Morgan Chase Bank, Citi, and Wells Fargo Bank violated Massachusetts foreclosure law and the Massachusetts Consumer Protection Act by illegally foreclosing upon Massachusetts residents’ homes when the banks lacked the legal authority to do so.

“Our continued work to address illegal foreclosures in Massachusetts plays an important role in ensuring liquidity in our housing market and providing relief to homeowners who purchased properties with defective titles,” AG Coakley said. “This settlement holds these four national banks accountable for violating state law and cutting corners in the foreclosure process.”

According to the amended complaint, the AG’s Office alleged that the defendants’ unlawful conduct resulted in void foreclosures affecting the marketability and insurability of property titles throughout the Commonwealth. The Supreme Judicial Court ruled in the Ibanez decision that mortgagees seeking to foreclose must strictly comply with Massachusetts foreclosure laws. Under the statutory power of sale and Massachusetts law, a foreclosure is void unless a bank or other foreclosing party is the mortgagee of record or holds the mortgage through a valid assignment before publishing the notice of foreclosure sale.

The amended complaint alleged that the banks ignored this fundamental legal mandate and foreclosed on homeowners when they had no legal authority to conduct the foreclosures. The banks’ failure to obtain a valid assignment of the mortgage prior to foreclosure has adversely impacted titles to numerous properties in the Commonwealth. The AG’s Office is continuing to negotiate a resolution of these claims also alleged against GMAC Mortgage, LLC, one of the named defendants, which filed bankruptcy in May 2012.

Under the terms of the settlement, the banks are obligated to assist a consumer who makes a claim that the title to his or her residence is void from an unlawful foreclosure by conducting a thorough title review, providing curative documents, releasing junior liens held by the banks, and, in cases where consumers do not have title insurance, paying reasonable costs associated with the title cure. In addition, the banks will pay $2.7 million, $700,000 of which will be allocated to the Attorney General’s Local Consumer Aid Fund to provide consumer assistance. The remaining $2 million of the settlement will be paid to the Commonwealth’s General Fund.

The complaint initially contained allegations against the banks relating to widespread mortgage servicing abuses and allegations against Mortgage Electronic Registration System, Inc. (“MERS”) and the banks for violation of Massachusetts law relating to registered land. The allegations relating to registered land were dismissed in November 2012, while the servicing allegations against the banks were resolved in the National Mortgage Settlement, a landmark agreement announced in February 2012. So far, the settlement has provided more than $63 billion in relief to distressed homeowners nationwide, and created significant new servicing standards which the banks must follow. The settlement brought more than $300 million in relief to Massachusetts borrowers, including a direct payment of more than $44.5 million to the Commonwealth, used in part to establish the AG’s HomeCorps program and offer grants aimed at helping to mitigate the impact of the foreclosure crisis.

In February 2014, Ocwen, the nation’s fourth largest mortgage servicer, entered into a $2.1 billion national settlement with the federal government, and 49 states, including Massachusetts, resulting in an estimated $80 million in principal reduction and cash payments to Massachusetts homeowners over claims of loan servicing misconduct and so-called “robo-signing.” Massachusetts homeowners also received approximately $1.5 million in cash payments from that multistate settlement. In addition, in June 2014, Massachusetts filed a separate assurance of discontinuance with Ocwen,paying Massachusetts $3.7 million to resolve claims that it failed to provide certain notices to homeowners and unlawfully foreclosed on certain properties in violation of state law.

More information about AG Coakley’s work during the lending crisis can be found on the AG’s website.

This matter was handled by Assistant Attorneys General Justin J. Lowe, Lisa R. Dyen and Division Chief Stephanie Kahn, with assistance from Assistant Attorneys General Amber Villa and Sara Cable, of Attorney General Martha Coakley’s Consumer Protection Division.

Massachusetts did it, so can California.

Do you have an Ocwen story to share with the regulators? If so, please take the time to send your information to Carlos at :

Carlos Marroquin’s email at carlosoccupy@gmail.com

Carlos may also be found on facebook at this link:      https://www.facebook.com/carlosthemailman?fref=ts&ref=br_tf

Ocwen is not cooperating, imagine that?Ocwen is not cooperating, imagine that?paper transferred hands on the trip around the worldpaper transferred hands on the trip around the worldthe contracts are worth less than toilet paperthe contracts are worth less than toilet paperprotest the fraud and send in your lettersprotest the fraud and send in your lettersis this a face you trusted?is this a face you trusted?Carlos and Occupy Fights Foreclosure is fighting for your home.Carlos and Occupy Fights Foreclosure is fighting for your home.Do you have an Ocwen story to share with the regulators? If so, please take the time to send your information to Carlos at :
Carlos Marroquin's email at carlosoccupy@gmail.com

Carlos may also be found on facebook at this link:      https://www.facebook.com/carlosthemailman?fref=ts&ref=br_tfDo you have an Ocwen story to share with the regulators? If so, please take the time to send your information to Carlos at : Carlos Marroquin’s email at carlosoccupy@gmail.com Carlos may also be found on facebook at this link: https://www.facebook.com/carlosthemailman?fref=ts&ref=br_tf

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About Here and Now

I rant about issues concerning foreclosure, real estate law and any topic of interest. Normally my day job is Fashion and Costume Design. I like writing and reading interesting subjects.
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