Zillow reporting inaccurate Foreclosure information and lowering property values


Livinglies's Weblog

Editor’s Note:  If you have been in foreclosure Zillow will often wrongfully list your home as foreclosed even if the home has not been sold.  It might be a good idea to check.  We have many clients who have tried and failed to have Zillow remove the inaccurate information.  Since realtors and appraisers use Zillow to assess home values, a foreclosure report on a property can cause a loss of value on the home and impact the value of surrounding homes.

Homeowners Say Real Estate Website Lists False Foreclosures

NORTH TEXAS (CBSDFW.COM) – A stranger’s knock lead to a troubling discovery for one North Texan.

“My house has never been in trouble,” Demetria Rogers told CBS 11 News.

She built her dream home from scratch in 2001.

Thus, when a stranger came knocking at her door one afternoon, it rattled her. The encounter was caught on her doorbell camera.

“I was wondering…

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Ocwen has a Confidential Ledger for each account.


This ledger was uncovered by a homeowner in DC while she did a discovery on Ocwen in her Deutsche Bank foreclosure.

Click on the link to download the document

CONFIDENTIAL LEDGER

 

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF COLUMBIA

In re: Chapter 7 case

ANITA HEATHER KERNACS Case No. 09-00783

Debtor Hon. S. Martin Teel Jr.

United States Bankruptcy Judge

  1. OCWEN LOAN SERVICING LLC.
  2. DEUTSCHE BANK NATIONAL TRUST;
  3. MORGAN STANLEY ABS CAPITAL 1 Inc.

Trust 2007-NC2 Mortgage Pass-through

Certificates, Series 2007-NC2.

Respondents

DEBTOR`S OPPOSITION TO RESPONDENT`S OPPOSITION TO REOPEN AND MOTION FOR FINDING OF CONTEMPT AND IMPOSITION OF SANCTIONS

Comes now Anita Kernacs, Debtor, Pro Se, hereby submits this Memorandum in Opposition to Respondents Motion in Opposition to Debtor Motion to reopen and Motion for finding of Contempt and Imposition of Sanctions, filed May 8, 2017.

INTRODUCTION

The Respondent alleged and filed a Judicial Foreclosure stating that Debtor is in default on a Promissory Note, dated October 25, 2006, in the amount of $369,000 (the “Note”) and secured by a Deed of Trust on the Collateral and filed an in personam Judicial Foreclosure and the Judicial Foreclosure caused the previously discharged Debt to be re-adjudicated in the amount of $369,000.00.

The following facts are undisputed;

a). that the lien-holder has In Rem rights.

b). that the Mortgage-Debt in the amount of $369,000.00 is discharged.

The Debtor alleges that the Respondents needed to facilitate the Judicial Foreclosure, and created and Perfected a Title and to garner Standing, then the Respondents Recorded the following documents, about (5)five years post Discharge;

1). Document No 2015010557 Deutsche Bank Trust Assignment 02/04/15 book 1730 page 0015,

2). Document No 2015023044 Appointment Substitution Trustee 03/13/2015 book 1730 page 0015 and

3). Document No 2016089609 Lis Pendens 09/01/2016 book 1730 page 2019

Categorically, the Debtor contends that the Recordings violated the Discharge order according to 11 U.S.C code 362 et seq, because the Recordings were more than five years too late.

The respondents did not file an In Rem action, naming a property description and noticing all interested parties to claim, instead the Respondent filed an in personam Judicial Foreclosure, causing service of process on Anita H Kernacs the Debtor, the in personam Judicial Foreclosure eventually caused a re-adjudication of previously discharged Debt.

The Respondents Complaint for Judicial foreclosure did not contain the word In Rem in all of its body, and on line 5 of the Respondents Judicial Foreclosure Complaint; “Upon information and belief the Court has Personal Jurisdiction over Anita H Kernacs.” the Respondents brought the wrong case. The Debtor first cited the Jurisdictional issue in a Motion to Dismiss, but Respondents convincingly stated that the underlying Debt was not discharged, the Motion was denied.

In an In Rem action there is no need to sell the property to satisfy a Judicial Foreclosure action pursuant to D.C. Code § 42-815.01., Right to cure residential mortgage foreclosure default. If Deutsche Bank had brought an In Rem action, there would be no defendant, no Default, no Default amounts, no Note or Deed of Trust. Likewise in an in Rem action, there is no need for the Recording of Instruments like the Substitution of Trustee, Corporate assignments of Deeds of Trust to demonstrate Standing.

The Respondents represented to the civil court, in many instances that the Debt was not discharged, many times until the Honourable Judge Brian F. Holeman repeated, in his Order of April 12, 2017, that “It is further undisputed that the Loan was not discharged by the 2009 bankruptcy proceedings” the Judges` statement mirrors that of the Respondents during the pendency of the civil case.

The Respondents now come to the bankruptcy court admitting that the Debt is discharged and seeking to uphold its “In rem rights via Judicial Foreclosure” having filed an in Personam lawsuit and obtained a money Judgement of $369,000.00 concerning a Debt previously discharged by this Court.

For the Above reasons the Debtors` Motion to re-open should not be denied.

BACKGROUND

Judicial Foreclosure action pursuant to D.C. Code § 42-815.01

Right to cure residential mortgage foreclosure default.

The Respondents, Deutsche Bank initiated a Judicial Foreclosure on November 2, 2015, in the D.C. Superior Court. See Deutsche Bank National Trust Company, as Trustee v. Kernacs, Case No. 2015 CA 008446 R(RP) (D.C. Sup. Ct.) (“Foreclosure Action”). § 42–815.01.

At the very bottom of the first page and on each page of the whole complaint the words “This is an attempt to collect a debt and any information obtained may be used for that purpose” are printed on the bottom, below a line.

The Case is styled to name a Defendant, Anita Kernacs, the Debtor whose name is on the Note and on the Deed of trust.

The Case recited a Payment Default in the amount of $369,000.00, alien and the Respondents represented that they are the beneficiary of an Original Note allegedly signed by the Debtor.

The Respondents received the relief sought in their Judicial Foreclosure Case;

WHEREFORE, Plaintiffs prays this Honorable Court to grant the following relief;

a) That this court find that the Borrower(s) is/are in Default of the Deed of Trust and/or Note as applicable;

b) That the Court enumerates all amounts due to Plaintiffs pursuant to said Note and Deed of Trust.”

RESPONDENT STATED AN ERROR IN “RELEVANT BACKGROUND”

Doc 98 page 3

The Respondent stated an important “error” in their Motion at doc 98 page 3 in the second paragraph; “On November 2, 2015, Deutsche Bank initiated a judicial foreclosure action pursuant to D.C. Code § 42-816 in the D.C. Superior Court. See Deutsche Bank National Trust Company, as Trustee v. Kernacs, Case No. 2015 CA 008446 R(RP) (D.C. Sup. Ct.) (“Foreclosure Action”).”

What is correct is that the Respondents filed the action under D.C. Code § 42-815.01 and not D.C. Code § 42-816 there are important differences in the “error”. D.C. Code § 42-815.01 allows the debtor to cure and is a traditional Judicial foreclosure involving a default, a Note and Deed of Trust, adversely D.C. Code § 42-816; Sale of property — Deficiency judgement; limitations thereon; relief in the suit to enforce vendor’s lien. The Respondents error suited it better, but the Fact is that Deutsch Bank filed a Judicial Foreclosure under § 42–815.01 in the D.C Superior Court.

The Respondent has a history of causing logistical errors twisting important facts, acting in bad faith, and being oppressive, the case in point was the manner in which the Respondents controlled the narrative, in the Civil Case, that the loan was not discharged “It is further undisputed that the Loan was not discharged by the 2009 bankruptcy proceedings” similarly writing 816 instead of 815.01 the Respondents intended the actions that violated the discharge injunction.

PERFECTING A TITLE

The primary reasons that the Debtor is asking the Court to Reopen and impose Sanctions is because Deutsche Bank Recorded Instruments to Perfect a lien holder’s In Rem rights, Tardy, more than five years, after the Discharge, the Debtor reads the discharge rules and believes that a lien holder has a time limit to perfect its lien, then Deutsche Bank obtained a money Judgement on a previously discharged debt utilising the very documents, Recorded tardy.

To be clear, the Debtor is not addressing the In Rem rights of a lienholder, but the Debtor is contesting the late Recordings of a lien holder, the late recordings violate 11 U.S. Code § 362 – et.sq.

ARGUMENT

The Debtor is asking the Honourable Court to re-open this case because, a) the Respondents filed certain papers in the Public Record five years after the Discharge Injunction, b) the Respondents attempted to collect a debt subject to a discharge and c) the Respondents used collection measures which the Debtor alleges are prohibited under the discharge injunction and d) Deutsche Bank, the Respondents obtained a Money Judgement on a Debt previously discharged by this Court.

The Instruments the Respondents Recorded were all Recorded about five years after the injunction, all of the instruments were Recorded to perfect a lien, all of the instruments were Recorded to create a lien and to confer Standing which the Lien Holder did not perfect.

The Instruments recorded acts to perfect a title, create a title and to confer standing concerning alien underlined by a Debt of $369,000.00 which is subject to Section 524(a)(2) of the Bankruptcy Code, (a) A discharge in a case under this title— (2) operates as an injunction against the commencement or continuation of an action, the employment of process, or an act, to collect, recover or offset any such debt as a personal liability of the Debtor, whether or not discharge of such debt is waived.

The Honorable Judge Brian F Holeman said it best in his ruling, see Respondents` Exhibit A on page 1 Procedural History;

On November 2, 2015, Plaintiff filed the Complaint for Judicial Foreclosure. Plaintiff seeks a judicial foreclosure of real property owned by Defendant and located at 4101 Albemarle Street, NW, #317, Washington, DC 20016 (the “Property”). (Compl. at ¶ 1.) Plaintiff alleges that Defendant is in default on a promissory note, dated October 25, 2006, in the amount of $369,000 (the “Note”) and secured by a Deed of Trust on the Property. (Id. at ¶¶ 7-25.) On December 3, 2015.” From this filing, the Respondents received a money judgement concerning Debt previously discharged.

Additionally, The respondents hired third party companies to enter upon the property to conduct regular door knocks, entered the Debtors home and attempted to enter upon the Debtors home, did skip trace on Debtors phone with visual surveillance, spoke to Debtors neighbours, acted to harass and intimidate wilfully in violation of the Discharge.

Whereas the Chapter 7 bankruptcy discharge extinguishes a lienholder’s in personam rights against a Debtor, the lienholder’s in rem right in the property serving as collateral for the lien will normally be unaffected despite the discharge, but in this case the Respondents began to Perfect the Title and Perfect the Lien, five years after the Discharge.

The record does not show that the debtor questions a lien-holders In Rem rights after the discharge, the Record shows the Debtor is alleging that the respondents are Perfecting a Title five years after the Discharge.

The Respondents stated in their Motion in opposition to reopening, Doc 98 page 7 that; “Coupled with its possession of the original blank-indorsed Note, Deutsche Bank was properly adjudged by the D.C. Superior Court to be entitled to enforce its secured in rem interest in the Property via judicial foreclosure.”

Here the Respondents admit that they presided over a Judicial Foreclosure which resulted in the re-adjudication of a pre-discharged Debt. The Respondent’s motions the Court to forget that the 11 U.S. Code § 362 et seq, furthermore the respondents motions the Court to allow it “to enforce its secured In Rem interest in the Property via judicial foreclosure”. The Debtor could not find a legal condition to fit the request, In Rem rights and Judicial Foreclosure are totally different to each other.

The Respondents Motion should be denied.

CONCLUSION

The Debtor is asking the Court to reopen the Case and to permit a Motion for finding of Contempt and Imposition of sanctions, based on the willingness of the Respondents to disregard Bankruptcy Laws, because knowingly going forward with collection activity, personally harassing/stalking Debtor, knowing or having reason to know that the debt is discharged, and getting re- adjudication of the underlying Debt is reason by itself, to reopen the case and award all just amounts. Additionally, the Respondents Perfected and Recorded In Rem rights five years after the Discharge.

Respectfully submitted under the penalty of perjury,

 

 

_________________ (Seal) ____________

Anita H Kernacs Date:

4101 Albemarle Street NW #317

Washington DC 20016

anitakernacs@yahoo.com

H: 202-686-1981

C: 202-341-4426

CERTIFICATE OF SERVICE

I, Anita Kernacs hereby certify that a true and correct copy of the foregoing was served electronically via email 5.12.17 on the following Lead Counsel(s)

S.Mohsin Reza ESQ,

Troutman and Sanders LLP

Email: Mohsin.reza@troutmansanders.com

Carlos Andres Uria, Esq.

Troutman Sanders LLP

Email: andy.uria@troutmansanders.com

Richard E. Hagerty

Troutman and Sanders LLP

Email: richard.hagerty@troutmansanders.com

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Faux Housing Recovery: US Mortgage Applications Tumble Most Since 2016


Livinglies's Weblog

After dismal housing starts and permits data yesterday, the ‘housing recovery’ narrative took another knock this morning as mortgage applications tumbled 4.1% last week – the biggest drop since December 2016.  If the Fed raises rates in June- there will be a further contraction.

While mortgage rates were unchanged, both purchases and refis fell notably…

  • Purchases down 2.7% after rising 1.7% in prior week
  • Refis fell 5.7% after rising 3.3% in prior week

Perhaps additionally of note the government’s programs saw a dramatic drop off in the last week…

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South Carolina joins crackdown against mortgage-servicing firm


Livinglies's Weblog

Ocwen Financial Corp. isn’t a household name in South Carolina or most other states, at least not to anyone outside of the mortgage or foreclosure business.

But its profile is quickly rising.

While the pain from the last residential real estate crash has largely subsided, the hangover is just starting to intensify for the Florida-based company.

Ocwen is coming under siege for its alleged botched handling of bank accounts set up to pay property taxes and insurance for home-loan borrowers, allegations the company insists are inaccurate and unfounded.

The dispute came to a head a few weeks ago, when regulators in more than two dozen states — including South Carolina — filed a flurry of similarly worded legal actions to block Ocwen from taking on any new business within their borders.

“The orders are the culmination of several years of examinations and monitoring by multiple state regulatory agencies…

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Statute of Limitations treated differently for Florida Reverse and Traditional Mortgages


Livinglies's Weblog

Statute Of Limitations Defense In Florida Foreclosures Not Quite Dead Yet? Trial Court Rules In Favor Of Deceased Borrower’s Daughter Against Bankster As Trial Court Notes Distinction Between Reverse Mortgage & Traditional Mortgage

http://consumerfsblog.com/

From a post at The Consumer Financial Services Blog:
  • The Circuit Court of the Eleventh Judicial Circuit in and for Miami-Dade County, Florida recently dismissed a second foreclosure complaint, filed more than five years after the initial complaint and alleging the same incident of default, as barred by the statute of limitations.

    In so ruling, the Court also held that the borrower’s daughter and sole beneficiary to the property encumbered by a reverse mortgage had standing to assert the statute of limitations defense.

    In October 2007, a borrower entered into a “home equity conversion mortgage,” commonly known as a “reverse mortgage.” After the borrower died in May 2008, 100 percent of her…

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Counsel’s Authority to Represent


Source: Counsel’s Authority to Represent

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SEC Probes Rental Home Values Backing Private-Equity Bond Deal


Livinglies's Weblog

May 8, 2017, 6:08 PM EDT
  • Radian’s Green River says U.S. queries broker price opinions
  • Probe said to question if firms’ assessments overstated values

U.S. securities regulators are investigating whether bonds backed by single-family rental homes and sold by Wall Street’s biggest residential landlords used overvalued property assessments.

Radian Group Inc.’s Green River Capital unit is one of the market participants that received a request for information from the Securities and Exchange Commission in March about broker price opinions, or BPOs, the company said in a regulatory filing late Friday. Green River provides BPOs that are used to value real estate in securitizations.

The agency has been looking at whether BPOs were wrongly inflated, and similar letters were sent to other companies, potentially serving as a starting point for an industrywide probe, according to a person with knowledge of the matter. The person asked not to…

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American Academy of Pediatrics declares “no science” needed to prove vaccines are safe, because they BELIEVE


The Invisible Opportunity: Hidden Truths Revealed

By Mike Adams

(Natural News) After publicly declaring that all vaccines are safe and not linked to autism, the American Academy of Pediatrics refused to provide a single shred of scientific evidence to support their claims. Even more laughably, the AAP said that there’ no need to provide any evidence at all, since the safety of vaccines is assumed to be true. Thus, who needs science when there’s such a widespread feeling of certainty?

This is the sad state of the abandonment of science by the entire medical establishment, which now employs troll farms to viciously smear and attack any person who refuses to mindlessly worship the “Religion of Vaccines.” Vaccines are uniquely declared exempt from all scientific scrutiny — or even any convincing, legitimate evidence of safety — based entirely on the woo woo feelings of vaccine promoters whose actions resemble psychopathic cult members more than defenders of legitimate…

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T&T’s debt: $123.8b


T&T’s debt: $123.8b

  • Published on May 5, 2017, 9:57 pm AST
  • By Asha Javeed
    asha.javeed@trinidadexpress.com
via;
parliament
AS at September 30, 2016, Trinidad and Tobago’s total public debt stood at $123.8 billion.
The Central Government’s debt stood at $60 billion, an increase of $9 billion from September 2015 to September 2016.
The data is contained in the Auditor General’s 2016 Report which was laid in Parliament yesterday.
According to the voluminous document, the debt is broken down into three categories—domestic debt, external debt and contingent liabilities.
The contingent liabilities which move the debt from $60 billion to $123.8 billion are:
-Balances on Loans assumed by the Government—$4.1 billion
-Loans and credits guaranteed by the state—$14.442 billion
-Letters of comfort—$14.919 billion
-Promissory Notes—$5.148 billion
-Open market operations re Treasury bills—$28.8 billion
Increasing debt

Since 2012 public debt has been steadily increasing.
In 2012, revenue was $52 billion while public debt stood at $42 billion.
In 2013, revenue increased marginally to $53 billion while debt stood at $43 billion, the Auditor General’s report indicated.
In 2014, revenue jumped to $62 billion but debt also rose to $47 billion while in 2015, with revenue at $60 billion, debt was $48 billion.
By 2016, the revenue was steady at $60 billion but debt jumped to $58 billion.
Domestic debt

The government borrowed domestically using three financial instruments- Treasury bills—$800 million, Treasury notes—$183 million and Government Loans raised by bonds-$30,910 million.
The holders of domestic debt are the Central Bank of Trinidad and Tobago—$23,626.2 million, commercial banks—$13,900.7 million and individuals-$263.3 million.
The country’s external debt at September 30, 2016, was $19.8 billion, the report showed.
This was a 59 percent increase from 2015 of $7.2 billion.
This was due to two new loans—US$1,000 million from Deutsche Bank Securities and First Citizens Bank and Euro 168.5 million from Ing Bank NV for Damen Naval Assets- and the repayment of three loans. The debt servicing of loans stood at $527 million for 2016.
Loans serviced for 2015 amounted to $1.9 billion, the Auditor General’s report stated.
As at September 30, 2016, the letters of comfort issued by Government were for $14.9 billion while loans guaranteed by the State amounted to $14.5 billion.
“The issue of the public debt and debt sustainability has long been a concern for policymakers of both fiscal and monetary authority. The central Government Debt and Contingent Liability must be examined and analyzed in its entirety to ensure present and future debt sustainability. It is important for overall macroeconomic policy to manage the debt and it needs to be coordinated closely with fiscal, monetary and other macroeconomic and financial policies,” stated Catherine Laban, Comptroller of Accounts in the report.
Two weeks ago, rating agencies Standard and Poor’s (S&P) and Moody’s downgraded T&T.
S&P downgraded T&T’s long-term sovereign ratings- that is the risk associated with investing in the country- from A- to BBB+.
S&P said the downgrade reflects a further deterioration of the country’s debt burden which includes a higher-than-expected rise in Government debt to Gross Domestic Product (GDP) and the interest burden over 2017-2020.
S&P said that T&T’s Government debt rose to 35 per cent of GDP in 2016, from 32 per cent of GDP in 2015, and is likely to rise again this year, to 37 percent of GDP before gradually declining in 2018-2020.

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CFPB to Assess RESPA Mortgage Servicing Rule Effectiveness


Livinglies's Weblog

The Consumer Financial Protection Bureau (CFPB) is planning to assess the effectiveness of the Real Estate Settlement Procedures Act (RESPA) mortgage servicing rule. The rule, introduced in January 2013 and which took effect in January 2014, was designed to assist consumers who were behind on mortgage payments.

Among other things, the RESPA mortgage servicing rule requires servicers to follow certain procedures related to loss mitigation applications and communications with borrowers. Servicers must give, in writing, notices of error within five days, and investigate and respond to the borrowers within 30 days.

Additionally, the RESPA mortgage servicing rule called for greater transparency between the servicer and the borrower. It required clear monthly mortgage statements, early warning before adjusting interst rates, and gave options to avoid fore-placed insurance.

“For many borrowers, dealing with mortgage servicers has meant unwelcome surprises and constantly getting the runaround. In too many cases, it has led to…

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#TrumpCare


Today`s  jaw dropper

The following pre-existing conditions are no longer covered under Trump’s ZOMBIE-CARE:
Anxiety, acid reflux, acne, ADD, addiction, Alzheimer’s/dementia, anemia, aneurysm, angioplasty, arrhythmia, arthritis, asthma, atrial fibrillation, autism, AIDS/HIV, bariatric surgery, basal cell carcinoma, bipolar disorder, blood clot, breast cancer, bulimia, bypass surgery, celiac disease, cerebral aneurysm, cerebral embolism, cerebral palsy, cerebral thrombosis, cervical cancer, colon cancer, colon polyps, congestive heart failure, COPD, Crohn’s disease, cystic fibrosis, DMD, depression, diabetes, disabilities, Down syndrome, eating disorder, enlarged prostate, epilepsy, glaucoma, gout, heart disease, heart murmur, heartburn, hemophilia, hepatitis C, herpes, high cholesterol, hypertension, hysterectomy, kidney disease, kidney stones, kidney transplant, leukemia, lung cancer, lupus, lymphoma, mental health issues, migraines, MS, muscular dystrophy, narcolepsy, nasal polyps, obesity, OCD, organ transplant, osteoporosis, pacemaker, panic disorder, paralysis, paraplegia, Parkinson’s disease, pregnancy, restless leg syndrome, schizophrenia, seasonal affective disorder, seizures, sickle cell disease, skin cancer, sleep apnea, sleep disorders, stent, stroke, thyroid issues, tooth disease, tuberculosis, ulcers.

#Trumpcare

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CitiFinancial, CitiMortgage To Pay $28.8M Over Mortgage Servicing Issues


Livinglies's Weblog

Millions of consumers lost their homes when the housing market bubble burst. But federal regulators say some of those people may have been able to stay in their homes had mortgage lenders fulfilled their requirements. To that end, the Consumer Financial Protection Bureau has ordered two Citigroup subsidiaries to pay $28.8 million to resolve allegations that some of its mortgage units harmed home borrowers. 

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Jimmy Dore Show: “Reporter Actually In S-Y-R-I-A Exposes Media Lies About Everything “


In Gaza

dore2

Very pleased to have been on Jimmy Dore’s show. I have a lot of respect for Jimmy, unabashedly speaking truth on Syria and many other issues–in fact, he has paid a price with Youtube demonetizing his videos. [On that note, how you can support his work:
▶Become a PATRON▶  https://www.patreon.com/jimmydore]


May 4, 2017, The Jimmy Dore Show

RELATED LINKS:

-This reporter, who actually was in Syria, exposes media lies about everything (Video), Alex Christoforou, May 5, 2017, The Duran

-Western corporate media ‘disappears’ over 1.5 million Syrians and 4,000 doctors, Eva Bartlett, Aug 14, 2016, SOTT.net

-Aleppo: How US & Saudi-Backed Rebels Target ‘Every Syrian’, Eva Bartlett, Nov 29, 2016,  MintPress News

-The Guardian view on Aleppo: More Western lies about Syria, Eva Bartlett, Sep 8, 2016, SOTT.net

*mentioned: [Syrian Militants Have Access to Chlorine Gas: Plant Owner, Apr 1, 2013, NTI

“Radical Islamist militants have access to large…

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Most U.S. homes are worth less than before the crash


Livinglies's Weblog

You can’t blame a homeowner in Fresno, Calif., for viewing the thriving metropolis to its northwest with both envy and dismay.

While San Francisco home values have surged since the recession, Fresno’s housing market is stuck in a rut. Less than 3% of homes in the city and its environs have returned to their pre-recession peak, according to a new study from Trulia. Median home values are a teeth-clenching $78,000 below their pre-recession peak.

The difference between the two California markets helps explain a key dynamic of U.S. housing a decade after the foreclosure crisis. Popular measures of the landscape, like S&P CoreLogic Case-Shiller Index and the FHFA House Price Index, show the market has recovered to levels last seen before the housing market went bust. But according to Trulia, this isn’t the whole, significantly bleaker picture.

Nationally, just one in three homes are worth more now than they were…

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Wells Fargo targeted undocumented immigrants, stalked street corners, lawsuit claims


Livinglies's Weblog

On “Hit the Streets Thursday,” Wells Fargo bankers and tellers, specifically those of Latino descent, scouted the streets and Social Security offices for potential clients. Their goal: Find undocumented immigrants, take them to a local branch and persuade them to open bank accounts.

Others hit construction sites and factories, according to court documents. Knowing that undocumented workers there needed a place to cash their checks, Wells Fargo employees urged them to open new accounts while promising to waive check-cashing fees. Some offered the immigrants money to open an account.

The more people signed up, whether it was for checking and savings accounts, credit and debit cards, online banking or overdraft protection, the better. If they signed up for all of the features, even better. Each new account was considered a sale, and the…

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Hang On! More properties underwater in the first quarter: Attom


Livinglies's Weblog

Seasonal factors contributed to an 89,000-unit increase in the number of seriously delinquent properties in the first quarter from the fourth quarter of 2016.

The quarter ended with nearly 5.5 million homes seriously underwater, compared with 5.4 million at the end of the fourth quarter and 6.7 million for the first quarter of 2016.

“There is typically a seasonal increase in the share of underwater homes in the first quarter. It’s primarily a result of a corresponding seasonal uptick in the share of distressed sales in the quarter along with a general seasonal lull in home prices, creating a drag on home values.

“This year we also saw an uptick in refinancing loan originations in the fourth quarter of 2016, a sign that more homeowners are leveraging more of the equity in their home, which could also be contributing to the seasonal uptick in the share of homes underwater,” said…

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US’s Largest Doctors Group Just Issued A Dire Warning About The New Trumpcare


Via;  http://occupydemocrats.com/2017/05/03/uss-largest-doctors-group-just-issued-dire-warning-new-trumpcare/

US’s Largest Doctors Group Just Issued A Dire Warning About The New Trumpcare

As the Republicans prepare to ram their atrocious Trumpcare bill down the throats of the American public, the groups who actually understand the bill are coming out in strong opposition to it. The American Medical Association, the largest organization of physicians in the country, just issued a statement condemning the Republican repeal-and-replace bill.

President of the organization, Andrew W. Gurman M.D. explained their concerns:

“None of the legislative tweaks under consideration changes the serious harm to patients and the health care delivery system if AHCA passes. Proposed changes to the bill tinker at the edges without remedying the fundamental failing of the bill – that millions of Americans will lose their health insurance as a direct result of this proposal.”

The Republicans are scrambling to whip votes for the bill, which none of them seem too enthusiastic about. The bill does nothing to strengthen the successes of Obamacare, and takes away provisions that will weaken the healthcare system across the board. Republicans aren’t concerned about the content or the effect of Trumpcare, they just want to be able to say they passed something. Their headlong charge towards a meaningless “legislative victory” will destroy many Americans.

One of the biggest concerns with the bill is that Republicans could strip away the requirement that insurance companies cover people with pre-existing conditions. One of the conceived alternatives the Republicans suggest is “high-risk pools.” Again, Gurman took them to task in his statement:

“High-risk pools are not a new idea. Prior to the enactment of the Affordable Care Act, 35 states operated high-risk pools, and they were not panacea for Americans with pre-existing medical conditions. The history of high-risk pools demonstrates that Americans with pre-existing conditions will be stuck in second-class health care coverage – if they are able to obtain coverage at all.”

Republicans seem to either fundamentally misunderstand how healthcare works, or simply not care. They should heed the advice of experts and abandon their disastrous bill, before it starts killing people.

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