Source – home.solari.com
– “…McDonnell Property Analytics’ mission is, and always has been: To Raise the Standard of Truth in Lending Through Auditing, Education and Advocacy…Without meaningful disclosure, consumers cannot make informed credit decisions, which leaves them vulnerable to exploitation”
Your Mortgage: Financing Your Home Without Falling for Fraud – By Catherine Austin Fitts & Marie McDonnell
“If I have one piece of advice to give your audience, it is to impress upon them the importance of maintaining and safeguarding a complete mortgage file in two parts: 1st) a permanent archive of the mortgage loan documents they received from and supplied to the lender from application to closing (i.e., the inactive file); and 2nd) an annual file containing their monthly mortgage statements, real estate tax bills, homeowners insurance premiums, year-end 1098 mortgage interest statement, annual escrow account disclosure statement, correspondence, etc. (i.e., the active file). They should retain these documents until, at least, one year after they have paid off their mortgage loan.” ~ Marie McDonnell
Your Mortgage: Financing Your Home Without Falling for Fraud – By Catherine Austin Fitts
Entering into a home mortgage is a major legal and financial undertaking. It quite literally “pays” to take the time to understand your options and to ensure that application and closing process are correctly done. After closing, you must ensure that all terms and conditions that were agreed are maintained. It will be your responsibility to make sure this enforcement is the case.
To help you do so, I invited Marie McDonnell, President of McDonnell Property Analytics, to join me this week on the Solari Report. Marie is a Mortgage Fraud and Forensic Analyst™, a Certified Fraud Examiner (CFE), and a Master Analyst In Financial Forensics (MAFF) with significant experience in transactional analysis, mortgage auditing, and mortgage fraud investigation. Her firm provides a variety of analytical services to individual clients and offers litigation support, mortgage-backed securities research and foreclosure forensics to attorneys nationwide. McDonnell Property Analytics also advises and performs services for county registers of deeds, attorneys general, courts and other governmental agencies.
One point you will hear emphasized repeatedly – it is essential that you understand the documents that you are supposed to have and that you sign and that you maintain all copies. Unfortunately, horror stories abound of what can go wrong. However, if you take care to manage your origination, closing and payment of your mortgage and do a good job of archiving your documents, you should be able to avoid potential pitfalls and present your proofs if things outside of your control go wrong – such as your mortgage being transferred to a sloppy or fraudulent servicer.
How To Stop Foreclosure With A Notice Of Error
In the wake of the Mortgage Meltdown of 2007, the Financial Crisis of 2008, and the ensuing Foreclosure Crisis that continues to disenfranchise homeowners, consumers want sound advice they know they can trust. McDonnell Property Analytics is renowned for its integrity, effectiveness, and its extraordinary ability to present its findings in court. McDonnell Property Analytics’ mission is, and always has been: To Raise the Standard of Truth in Lending Through Auditing, Education and Advocacy.
In 1987, our firm’s founder, Marie McDonnell, recognized that as evermore sophisticated mortgage products were being introduced into the marketplace, the need for transparency and full disclosure increased accordingly. Without meaningful disclosure, consumers cannot make informed credit decisions, which leaves them vulnerable to exploitation. To bridge this knowledge gap, McDonnell Property Analytics began innovating mortgage auditing tools, technologies, protocols and strategies that efficiently identify the root cause of the problem so that our clients can focus on solutions.
For over thirty years, McDonnell Property Analytics has provided intelligence and decision support to consumers who want to obtain an affordable home mortgage; understand the features and benefits of an alternative mortgage product; unwind a mortgage transaction subject to rescission; and investigate whether payments have been properly credited —especially where a loan modification, foreclosure, or bankruptcy is involved.
McDonnell Property Analytics played a central role as a Friend of the Court (amicus curiae) in the precedent setting cases decided on appeal by the Massachusetts Supreme Judicial Court in U.S. Bank v. Ibanez and Eaton v. Fannie Mae. Marie McDonnell served as the homeowners’ expert in the matter of Wolf v. Wells Fargo Bank in which a Texas jury unanimously agreed with McDonnell’s analysis that the Transfer of Lien (assignment of mortgage) was both fraudulent and void and failed to convey any interest in the homeowners’ property to Wells Fargo Bank. The jury awarded the Wolfs $190,000 in actual and emotional distress damages, $190,000 in legal fees, and $5 million in punitive damages. McDonnell also served as the homeowners’ expert in the matter of Wells Fargo Bank v. Juza where the presiding judge in The Brown County Circuit Court, Wisconsin vacated a 7-year-old judgment of foreclosure and voided a $900,000 Mortgage due to McDonnell’s finding there had been fraud upon the court.
A substantial portion of our firm’s practice is dedicated to foreclosure defense and litigation support services on behalf of consumers in which we document:
Failure in the conveyance of authority to the foreclosing entity
Failure to comply strictly with non-judicial foreclosure statutes
Mortgage servicing abuses
Truth in Lending Act violations
Real Estate Settlement Procedures Act violations
Fair Debt Collection Practices Act violations
Breaks in the chain of title
Fictitious persons & Robosigners
Bait and switch schemes
Fraud upon the court
And follow the facts wherever they may lead