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Sarah Palin, Meet Linda Green (And MERS): Was Palin's New Home Purchase Preceded By A "Robosigned" (And Fraudulent) Title Release

Tyler Durden's picture


Yesterday we reported that Sarah Palin has just purchased a new property in North Scottsdale, AZ for $1.75 million. We further speculated that there may have been some fishyness with regard to the terms of the purchase of the JPM short sale which was an over 100% flip in about a year. So far so good. Where this story takes yet another detour into the macabre, is a cursory analysis of the release deed of the prior mortgage holder of the property, one Steven Soraya, who had a loan amounting to $980,500.00 with Wells Fargo, which was released on July 3, 2007 and which just so happens was signed by Robosigner extraordinaire, the one, the only, the infamous Linda Green. Ergo our question: did miss Palin just procure a property to which there is no legitimate title, and which, therefore, may not have been legitimately sold to her? Oh yes, MERS is of course involved too.

Behold Ms. Green's signature on the release of the mortgage (and compare to her original signature).


JPM in turn procured the property courtesy of MERS...


But all may yet be well: the seller, the previously mentioned Ian Whitmore, received a special warranty deed to defend the title.... from JP Morgan.... for $10.


Expect to hear much more on this story.

h/t Manal Mehta



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Thu, 05/26/2011 - 11:50 | 1313343 Dan The Man
Dan The Man's picture

I love ZH ! 

But Sarah's got great tits!

Palin 2012!

Thu, 05/26/2011 - 12:12 | 1313428 chet
chet's picture

Yes, you guys PLEASE nominate Sarah Palin!  Please oh please....

Thu, 05/26/2011 - 12:17 | 1313456 Conrad Murray
Conrad Murray's picture

Show your support below. Or, just drop a line referencing this article..maybe throw in a few questions.!/sarahpalinusa

Thu, 05/26/2011 - 12:42 | 1313546 the left behinds
the left behinds's picture


Thu, 05/26/2011 - 13:06 | 1313624 Things that go bump
Things that go bump's picture

That would be about the only thing that would make me vote for Obama for another term.

Thu, 05/26/2011 - 16:19 | 1314229 Bay of Pigs
Bay of Pigs's picture

Why would you vote for either of them? 

Thu, 05/26/2011 - 19:30 | 1314854 Things that go bump
Things that go bump's picture

Knee jerk reaction.  On further reflection, my loathing for that ignorant twat does not actually improve that diseased whore Obama's raddled attractions. 

Thu, 05/26/2011 - 13:30 | 1313709 orangedrinkandchips
orangedrinkandchips's picture

yeah, dumb as hell but hot. where's the beaver shot?

Thu, 05/26/2011 - 14:16 | 1313841 boooyaaaah
boooyaaaah's picture

Why do lefties hate Sarah.

Left females are jealous

But I guess left males are just
Listening to the boss to stay out of trouble

Now which female is calling your shots Tyler?
Only you can answer.

Thu, 05/26/2011 - 11:54 | 1313346 vote_libertaria...
vote_libertarian_party's picture

I'm sure Jesus said it was ok.

Thu, 05/26/2011 - 12:01 | 1313386 BobPaulson
BobPaulson's picture

Of course, as a carpenter he would see the benefit to the construction industry that "fast track" housing sales have done.

Thu, 05/26/2011 - 11:51 | 1313350 Racer
Racer's picture

Now that would be ironic wouldn't it  LOL

Thu, 05/26/2011 - 11:51 | 1313352 Dan The Man
Dan The Man's picture

Junk me !


Thu, 05/26/2011 - 12:24 | 1313478 FOC 1183
FOC 1183's picture

Ask and ye shall receive

Thu, 05/26/2011 - 12:34 | 1313523 Esso
Esso's picture

Do you get a prize or sumpthin'?

Thu, 05/26/2011 - 11:56 | 1313360 buzzsaw99
buzzsaw99's picture

She needs a place that is warm so she can wear scanty bits while hanging by the pool. I wish I could watch.

Thu, 05/26/2011 - 11:59 | 1313373 the left behinds
the left behinds's picture

why do we always get the urge to breed morons ?

OH, because we are all morons . .

Thu, 05/26/2011 - 12:03 | 1313402 Conrad Murray
Conrad Murray's picture

This short clip explains it quite well

Thu, 05/26/2011 - 12:07 | 1313414 buzzsaw99
buzzsaw99's picture

Welcome to Costco, I love you.

Thu, 05/26/2011 - 12:42 | 1313551 the left behinds
the left behinds's picture


Thu, 05/26/2011 - 13:07 | 1313633 GeorgeHayduke
GeorgeHayduke's picture

"Go away...I'm batin'!"

I think that movie did poorly because it hit too close to home.

Thu, 05/26/2011 - 14:15 | 1313838 MrBoompi
MrBoompi's picture

LOL that does explain things.

Thu, 05/26/2011 - 12:03 | 1313406 buzzsaw99
buzzsaw99's picture

Humperdinck! Humperdinck! Humperdinck!

Thu, 05/26/2011 - 12:24 | 1313479 andybev01
andybev01's picture

A warm rock to sun herself on, just like all of the other lizards in the desert.

Thu, 05/26/2011 - 11:55 | 1313362 Ras Bongo
Ras Bongo's picture


NEW Harlequin Novel

Harlequin Novel, Updated.... 2011 Version:??


He grasped me firmly, but gently, just above my elbow and guided me into a room, his room. Then he quietly shut the door and we were alone. He approached me soundlessly, from behind, and spoke in a low, reassuring voice close to my ear.
"Just relax."

Without warning, he reached down and I felt his strong, calloused hands start at my ankles, gently probing, and moving upward along my calves, slowly but steadily. My breath caught in my throat.

I knew I should be afraid, but somehow I didn't care. His touch was so experienced, so sure. When his hands moved up onto my thighs, I gave a slight shudder, and partly closed my eyes. My pulse was pounding. I felt his knowing fingers caress my abdomen, my ribcage. And then, as he cupped my firm, full breasts in his hands, I inhaled sharply.

Probing, searching, knowing what he wanted, he brought his hands to my shoulders, slid them down my tingling spine and into my panties. Although I knew nothing about this man, I felt oddly trusting and expectant. This is a man, I thought. A man used to taking charge. A man not used to taking 'No' for an answer. A man who would tell me what he wanted. A man who would look into my soul and say . . . .

"Okay ma'am, you can board your flight now." ------------ I see new career prospects for DSK after his jail time is done with 


Thu, 05/26/2011 - 14:17 | 1313847 Canucklehead
Canucklehead's picture

...Excellent post...

Thu, 05/26/2011 - 11:57 | 1313363 wake up America
wake up America's picture

The whole thing is as forged as the Obamasters birth certificate.  


Hopefully she has title insurance - (with the title company likely owned by JPM).

Thu, 05/26/2011 - 12:07 | 1313412 JW n FL
JW n FL's picture

you may pay for title insurance but it is swiss cheese.. and has been going back a couple of years now. title insurance is just money for nothing becuase the policy covers NOTHING! ask anyone who has closed anything in the last 12 months for resd. and 24 months for commercial.

Thu, 05/26/2011 - 11:58 | 1313365 silvertrain
silvertrain's picture

Linda green only makes around $8 an hour and you expect a clean title, get real..

Thu, 05/26/2011 - 14:16 | 1313843 MrBoompi
MrBoompi's picture

Yeah but there must be at least 100 Linda Greens so that comes to $800/hr!

Thu, 05/26/2011 - 11:59 | 1313371 Dick Darlington
Dick Darlington's picture

...who had a loan amounting to $980,500.00...


That says it all. No offence to this or any other person but when you jump on the gravy train with a loan as big as that you deserve to get burned. It's the same everywhere. Massive leverage to buy "the house of your dreams" and get rich as quick as possible. What happened to common sense? These type of ponzi schemes always end up in tears.

Thu, 05/26/2011 - 11:56 | 1313372 writingsonthewall
writingsonthewall's picture

Where are all the Palin stooges?


Come on - you need to keep up - somone is dissing your leader and you must defend her at all costs.


Could it be we're into the 'evidence based' accusations and the tea party nutters can't handle evidence? Belief is more their game...

Thu, 05/26/2011 - 12:07 | 1313413 Minyan Vince
Minyan Vince's picture

what exactly would tea party supporters need to defend on behalf of Mrs. Palin? There is no reference to any wrongdoing by her.

Thu, 05/26/2011 - 12:27 | 1313489 three chord sloth
three chord sloth's picture

That's the way I read this too.

If anything fishy happened, it was between Wells Fargo, JPM, and this Whitmore guy, from 2007 - 2010. To me, it looks like she is just one of millions of people who are going to be stuck dealing with faulty home titles for the next few decades... all for the great "sin" of simply buying a house in today's legally defective housing market.

Thu, 05/26/2011 - 12:08 | 1313415 Conrad Murray
Conrad Murray's picture

Could you quote the part "dissing" Palin? Thanks.

Thu, 05/26/2011 - 12:00 | 1313374 SparkyvonBellagio
SparkyvonBellagio's picture

Looks like Palin still has residence in Alaska... 

Hopefully the person who got foreclosed on, gets their house back FREE AND CLEAR.




Thu, 05/26/2011 - 13:59 | 1313796 Bob
Bob's picture

That's what I was hoping for.  Not as an injury to Sarah, but to make a monumental "teachable moment" about the RE debacle. 

Thu, 05/26/2011 - 14:18 | 1313858 MrBoompi
MrBoompi's picture

True, when borrowers don't live up to the contract the banks get the property free and clear. When lenders don't follow the law when it comes to chain of custody, etc. they just have the laws changed or pay a small fine to someone, but keep the property free and clear anyway.

Unfortunately this is the lesson in law we are being taught.

Thu, 05/26/2011 - 12:01 | 1313379 plocequ1
plocequ1's picture

Sounds good to me. As long as her interests don't conflict with mine. Now BTFD

Thu, 05/26/2011 - 12:01 | 1313384 Jim in MN
Jim in MN's picture

That's bad. 

This is worse: The place where they are PUTTING the radioactive water at Fukushima is, itself, leaking, stopping all work in its tracks.

TEPCO probes into possible leak at Fukushima

The operator of Japan's troubled nuclear plant is trying to determine where contaminated water from a waste disposal facility is leaking to, after finding that the water level inside the facility has dropped.

Tokyo Electric Power Company has been removing highly radioactive water from the Fukushima Daiichi plant's crippled reactors to the waste disposal facility within the compound.

The utility suspended the transfer from the No.3 reactor on Thursday and checked the water level in its section of the disposal facility.

Engineers learned that the water level had dropped by 4.8 centimeters over a 20-hour period, meaning some 57 tons of water has been lost.

The utility says it inspected inside the disposal facility and found contaminated water leaking to a passageway leading to another building.

TEPCO attributes the problem to a failure to stop the water leaking before the transfer began.

Thursday, May 26, 2011 19:57 +0900 (JST)

Thu, 05/26/2011 - 12:01 | 1313394 BobPaulson
BobPaulson's picture

Interesting segue. Did I tell you my father in law with alzheimer's was out wandering around the neighbourhood near his old folks home last week. He fell and got a black eye.

So what do you think about the Canucks in the finals? 

Thu, 05/26/2011 - 12:38 | 1313518 Stormdancer
Stormdancer's picture

The water problem is going to be recognized for what it is...probably soon.  I've been keeping an eye on it since the first of April when reports of highly radioactive water were first reported in the basements of reactors 5 and 6.  My immediate response was "5 and 6??...Where's that coming from??"

The implications for groundwater contamination were immediately clear.  Cursory investigation revealed that there was nowhere near enough storage capacity on site to send even half of the water filling the basements of 1-4, and no plans for building enough new storage fast enough to make a dent in the rest.

Since then, the situation has deteriorated, not improved.  Now they've almost filled all available storage and the total amount of radioactive water remaining to be dealt with has increased.

They cannot make meaningful progress in controlling the cores with the basements of these reactors full of deadly hot radioactive water.

In spite of recent news indicating that the construction of some closed loop cooling systems is beginning, they are still at square one with reference to bringing these things to a place where they can remove the fuel or entomb the mess and stop new releases of radioactivity.

Closed loop cooling will help prevent this mess from spiralling completely out of control (if they can actually get it done), but it does nothing more.  It might help lessen the amount of water being added to their already unmanageable lakes beneath the complex, which is good, but it doesn't give them access to the reactors.

They're saying these closed loop systems will recirculate water from the basements, through demineralizer/purifying systems and back into the reactors.  No word on how the basements will ever be emptied to make serious work possible.

I argued early on that they were going to be forced to dump that water into the sea.  A horrible thing, but I still don't see any other option that leads to a final solution.

What are they planning?  To just keep recirculating this water, holding the whole thing at the precarious edge of disaster for the next 200 generations?

No real answers in sight so far....

Thu, 05/26/2011 - 13:12 | 1313640 Fukushima Sam
Fukushima Sam's picture

"What are they planning?  To just keep recirculating this water, holding the whole thing at the precarious edge of disaster for the next 200 generations?"

This statement applies to pretty much all nuclear power plants/waste anyway.

Thu, 05/26/2011 - 14:58 | 1313945 Stormdancer
Stormdancer's picture

I've been a nuclear power supporter most of my life.  It is the waste issue that was my blind spot.  I had no idea waste was being stored in pools above reactors all over the world, nor had I learned much about the challenges of long term disposal.

I was also unaware how many decisions about power generation were in reality made to provide a supply of materials for nuclear weapons.

We could have had much safer nuclear power long ago if military and power generation needs had been handled separately and some of the newer thorium fueled designs might yet provide power with a reasonable risk/reward balance.  I don't know...but I do know I will never support any nuclear project in the future unless and until there is a clear solution to any waste generated already fully in place.

That's been the biggest eye-opener about Fukushima from my seat.  I had no idea how desperately unmanagable the waste issue is...and has been since the beginning of the nuclear age.

Thu, 05/26/2011 - 12:04 | 1313391 slewie the pi-rat
slewie the pi-rat's picture

miss Palin!


Thu, 05/26/2011 - 12:03 | 1313407 FreeNewEnergy
FreeNewEnergy's picture

Tina Fey is Linda Green.

Now it all makes perfect sense.

Thu, 05/26/2011 - 12:07 | 1313410 Treeplanter
Treeplanter's picture

How does one sell a house with no title?  The realtor can't process the sale.

Thu, 05/26/2011 - 14:35 | 1313897 blunderdog
blunderdog's picture

There are plenty of titles to go around.  I don't see a problem.

Thu, 05/26/2011 - 12:05 | 1313417 JW n FL
JW n FL's picture

I need an esquire to File Suit in Federal Court Against the U.S. Government.. more over the President of the United States of America. Pro Bono in the name of Fight Club!


The Law Suit is for breach of the Constitution for bringing home the U.S. Army and now Training the U.S. Army to operate Against "We the People".


Who wants to get some T.V. face time for themselves and for Tyler here.. we want warm bodies to educate we have to up our visible profile.


I am looking for feedback and ideas to make as big a splash as possible! so if you have something that will help, speak up! even if you think its small! speak up! every little thing matters and helps! SO PLEASE!!! Speak Up!


Thu, 05/26/2011 - 12:31 | 1313500 Lord Blankcheck
Lord Blankcheck's picture

What SS# is he using these days?

Thu, 05/26/2011 - 13:00 | 1313598 JW n FL
JW n FL's picture

Obama? dont know.. maybe those who would like proof he is able to make decisions as president can add some language!


this suit could cover a LOT of ground and be of real use to people..


the problem is NO ONE wants to step up and get into a fight.. so! I am! volunteering Fight! Club!! and thusly myself! to take in on the chin!


I am looking for people to help with ideas..

I am looking for people to help spread the word.. because NBC will not run the Federal Law Suit on the National Nightly News!

I am looking for an esquire who wants the face time..

I am looking for people to donate to cover filing fees! or whatever the esquire may need to file!

I am looking for a bean counter to run the donations..

I am not king of this lil operation.. it’s just an idea that I am putting forth to "We the People" of "Fight Club" so that it can be all it can be!


once again this Federal Law Suit could cover a LOT of Ground of the input is offered! so if you want it to be Great! open your mouth and help out!


Thu, 05/26/2011 - 13:12 | 1313653 Orly
Orly's picture

Just get on board with Jerome Corsi.  He's already filing suit.

Thu, 05/26/2011 - 14:42 | 1313908 JW n FL
JW n FL's picture

then we are to late..


well? who wants to start a law suit to gain some new members for our ranks?


I would like to spread the word of Fight Club!


anyone have any ideas they would like to share so that we can grow the number of educated and shrink the number of ignorant?




Thank You!

Thu, 05/26/2011 - 14:45 | 1313918 JW n FL
JW n FL's picture

Jerome is suing for the brith certificate..


I was thinking that we could file suit for the U.S. troops being trained to Patrol U.S. Soil.. which the Constitution is plainly against.


anyone want to keep U.S. troops out of U.S. nieghborhoods?


everyone is ok then with the Troops patroling your nieghborhood to keep the po folks out?


ok then.. that clears up the group vote for the morning crew.

Thu, 05/26/2011 - 18:29 | 1314704 takinthehighway
takinthehighway's picture

JW, while your idea does have some merit...

Remember Obama's "civilian security force" trial balloon? All he'd need to press for that would be some "foreign intelligence information" perhaps coupled with a nice false flag attack...presto, a new homeland security initiative...thousands of new jobs created...TPTB would just run an end-around. Makes Obama look like a hero, virtually guarantees reelection...and four years of carte blanche for a domestic crackdown rampup.


Thu, 05/26/2011 - 12:06 | 1313421 Cow
Cow's picture

For those who don't know who Linda Green is:



Thu, 05/26/2011 - 12:10 | 1313437 AldoHux_IV
AldoHux_IV's picture

It'd be interesting to see what kind of loan Palin took.

Thu, 05/26/2011 - 15:23 | 1314002 Clowns on Acid
Clowns on Acid's picture

Aldo - reportedly she paid cash.

Thu, 05/26/2011 - 12:12 | 1313444 DOT
DOT's picture

"The" Linda Green !  Thanks, I needed that Tyler.

Let's all keep tuned-in for the next big name that picks out a tainted prop.

Joe Smiths all over are going to be cheated by the REO unwind with-out a mention.

Popcorn please.

Thu, 05/26/2011 - 12:18 | 1313465 Peter K
Peter K's picture

The lunatic left will always telegraph who they fear most ;)

Thu, 05/26/2011 - 14:04 | 1313800 Flakmeister
Flakmeister's picture

Left, Right, don't matter...

This woman should not be let near the levers of power. Simple as that. She makes W look like a intellectual giant...

Thu, 05/26/2011 - 17:39 | 1314547 CompassionateFascist
CompassionateFascist's picture

Yeah, kind of - hardly a day goes by w/o the Sergey Brin homepage - 'scuse me, the Yahoo browser - taking a dump on her. But it's not about Left vs. Right; they, like her, are all on board the good ship Israel. As Kevin MacDonald noted, Palin is the "Queen of Implicit Whiteness". The Tribe just can't stand that gun-toting Whiteness.

Thu, 05/26/2011 - 12:19 | 1313473 williambanzai7
williambanzai7's picture

Thu, 05/26/2011 - 17:50 | 1314575 CompassionateFascist
CompassionateFascist's picture

You forgot to give her a GUN.

Thu, 05/26/2011 - 17:52 | 1314589 Problem Is
Problem Is's picture

She probably left Todd in Alaska with the snow shoes...

This is good willb7... But I am keeping Ben Pavlov's dog on my desktop ;<)

Fri, 05/27/2011 - 00:42 | 1315573 StychoKiller
StychoKiller's picture

Hey, the blowup doll is not properly equipped (the guy, that is!) :>D

Thu, 05/26/2011 - 12:25 | 1313483 Ned Zeppelin
Ned Zeppelin's picture

Title insurance probably protects Palin from the title risk.

Thu, 05/26/2011 - 13:21 | 1313677 Flounder
Flounder's picture

You have to be out of your mind to touch one of these short sale, laundered houses and title insurance is a ruse by the banks to get people into houses they can't afford.


And the insurers don't pay.


March 18 (Bloomberg) -- Bank of America Corp. stepped up efforts to curtail the cost of soured mortgages by suing First American Corp., claiming the title insurer refused to cover more than 5,500 loans that caused $535 million of losses.

First American, the second-biggest title insurer, was supposed to protect the bank against defective titles on home- equity loans and lines of credit, according to the suit, filed March 5 in a North Carolina court. The suit focuses on loans in which Bank of America relied on a borrower’s word regarding any outstanding liens or mortgages, the suit said.

Home lenders are sparring with mortgage insurers, bond investors and Fannie Mae and Freddie Mac over who should bear the cost of record defaults. Bank of America, the biggest U.S. lender by assets, said last week it’s writing off $1.5 billion to $2 billion of unpaid home-equity loans each quarter, and has sued MGIC Investment Corp., the biggest mortgage insurer, for allegedly denying millions of dollars of claims.

Thu, 05/26/2011 - 12:27 | 1313490 dick cheneys ghost
dick cheneys ghost's picture

I am Linda Green

Thu, 05/26/2011 - 13:27 | 1313687 swmnguy
swmnguy's picture

That's odd.  I thought you were Spartacus.

Thu, 05/26/2011 - 12:29 | 1313494 Nicholaz
Nicholaz's picture

Sales History:
29005 N. 82nd Street
Scottsdale, AZ 85266

Thu, 05/26/2011 - 12:31 | 1313507 jal
jal's picture

Keep diggin.

Sarah has a big megaphone.

This is the best thing that could happen to make the whole mortgage fraund hit main stream media.

The best is to come ... when she stops paying for her mortgage due to clouded title

Don't forget to keep her informed by posting the true info concerning her doomstead in the desert on her facebook.

Thu, 05/26/2011 - 13:34 | 1313714 bugs_
bugs_'s picture

DOOMSTEAD!!!  (add to zh lexicon) LOL

Thu, 05/26/2011 - 16:48 | 1314343 Dirt Rat
Dirt Rat's picture

It's highly appropriate, as Anglo-Saxon land law begins with The Domesday Book.

Thu, 05/26/2011 - 17:25 | 1314503 indio007
indio007's picture


Thu, 05/26/2011 - 14:11 | 1313837 Bob
Bob's picture

You don't think she would milk this for publicity, do you?

I love it.  She could even make it about Barry and friends. 

Thu, 05/26/2011 - 12:34 | 1313508 granolageek
granolageek's picture

IIRC Linda Green also signed Obama's release of mortgage when he sold his place in Chicago.


Seems nicely symmetrical.

Thu, 05/26/2011 - 17:58 | 1314607 Problem Is
Problem Is's picture

If he didn't sign his real name Barry Soetoro...

Then who is the REAL robo-signer???

Thu, 05/26/2011 - 12:32 | 1313514 FreeNewEnergy
FreeNewEnergy's picture

But wait, there's more!

How about, Brenda Oxford, the JPM "VP" who signed off on the $10 warranty deed, is another robo-signer!

Google "Brenda Oxford JP Morgan Chase" and start oogling the links. Whole buncha VPs down there in Florida.

This is almost perfect. Sarah Palin uncovers massive JPM fraud while overpaying for new Arizona digs.

Lying liars and their lying lies, to infinity and beyond...

Thu, 05/26/2011 - 17:14 | 1314458 Rusty_Shackleford
Rusty_Shackleford's picture

Agreed.  The sheer lunacy of it all surpasses even the most absurd dystopian fiction. 


It's poetic.


I love it.

Thu, 05/26/2011 - 12:35 | 1313517 Nicholaz
Nicholaz's picture

There are quite a few homes for short sale there

Thu, 05/26/2011 - 12:43 | 1313553 Seasmoke
Seasmoke's picture

i dont trust or believe a single one of those signatures on any of the documents are real.....this is a house of cards and it would be great if somehow this circus show that is the palin family, were able to bring it out in the national it may be the only way it gets out there

Thu, 05/26/2011 - 13:16 | 1313656 Screwball
Screwball's picture

That would be a hoot now wouldn't it?

In the world today as we know it - fitting.

Thu, 05/26/2011 - 13:16 | 1313641 FreeNewEnergy
FreeNewEnergy's picture

OK, this gets a little more interesting.

Check out these two supposedly "identical" documents.


taking a close look at both signatures, of Diane Towns, Assistant Secretary, and Mayra Rodriguez, notary. Same? Similar? Oopsie!

These are the documents that give authority to Brenda Oxford and seven other Vice Presidents to sign off on all manner of affidavits, assignments, deeds, and other RE-related docs.

The fraud is complete, pervasive and never-ending.

Thu, 05/26/2011 - 17:20 | 1314488 Rusty_Shackleford
Rusty_Shackleford's picture

As I said, there is an almost perfect poetic symmetry here.


One can only sit back and revel in it's sheer genius.

Thu, 05/26/2011 - 13:18 | 1313669 Destinapp
Destinapp's picture

It's called "Flopping", lowball a bank REO to re-sell at a profit. The fraud occurs when the bank orders an appraisal to check the offer price and the appraiser lowballs the value to facilitate the deal. Basically a crooked appraiser places the value "Too Low" so the "investor" can mop up. The banks/taxpayer getting screwed again while the agents get rich.

Thu, 05/26/2011 - 15:09 | 1313977 Dirt Rat
Dirt Rat's picture

It's ironic that questionable appraisal practices are coming back full circle. Many of the sub-prime (and even alt-A and Grade A) loans were so toxic because of an over-inflated appraisal, i.e. a property whose fair market value in the real world was $100,000 was given an appraisal of $175,000 with a resulting $175,000 mortgage.

Compounding this problem now is that the bottom has fallen out of the real world value of property. This $100,000 property is now worth $60,000 with a $175,000 mortgage on it. The problem gets even worse when a sizable percentage of the loans are like this.

The banks and Wall Street, as well as their servants the appraisers, the title insurance companies, mortgage brokers and realtors, knew exactly what was going on at the time, but everyone was making far too much money to care. This is why Mr. Spitzer had to be taken out of the picture, I think. He was starting to go after First American Title and Appraisal Services for providing their friends at WaMu over-inflated appraisals to make these sorts of loans.

Only the taxpayer is the one getting reamed again on the back end of the deal with the lowball appraisals. He's getting reamed by the same people who caused him all the problems and reamed him the first time. The big boys and their minions are still laughing all the way to the bank.

The banksters and their henchmen need to get used to the idea of taking a moderate haircut now, lest they have to take a closer shave on the National Razor.

/end rant



Thu, 05/26/2011 - 13:27 | 1313700 williambanzai7
williambanzai7's picture

Why don't they just run Linda Green?

Thu, 05/26/2011 - 13:39 | 1313733 lizzy36
lizzy36's picture

That is sheer fucking genius.

And finally a candidate i could vote for, at least twice.

Thu, 05/26/2011 - 18:00 | 1314614 Problem Is
Problem Is's picture

Linda Green could robo-sign all of our names on the petition to get her name on the ballot...

Thu, 05/26/2011 - 13:39 | 1313742 chunga
chunga's picture

Speaking of Robo-signers posting this link on The Foreclosure Hamlet last night coincided with mysterious "technical problems" lol.


Harmon Law is New England's own version of David J. Stern.

Below is a link to Linda Green that aired on channel 7 news in Boston last night.

Hank Investigates: Mortgage Documents

Quotes from John O'Brien, Register, Southern Essex District Registry of Deeds that should be of concern to all.

"This is a catastrophe of epic proportions."

"But the same signatures saving some homes from foreclosure - could be bad news for homeowners who always pay their mortgage."

"If you have a "Linda Green" signature hiding in your paperwork - that could spell trouble"

"They may not be able to sell their home, and they may not be able to refinance their home. And that is a major, major problem."

Thu, 05/26/2011 - 17:28 | 1314513 Rusty_Shackleford
Rusty_Shackleford's picture

Great clip.  I loved this line:

The scope of the problem is unimagineable, the depth of the fraud is shocking.

Thu, 05/26/2011 - 13:40 | 1313747 Michael66
Michael66's picture

"Flopping" is the new scam involving short sales of bank owned property.


Flopping is going to cost banks billions.

Thu, 05/26/2011 - 13:49 | 1313774 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Being a thief and a scalawag is a prerequisite to higher office in the former U.S. of A.  Apparently, Palin has all the right credentials.



Thu, 05/26/2011 - 13:47 | 1313767 johnnymustardseed
johnnymustardseed's picture

Crooked banksters screws crooked politician....... HMMMMM

What world!!!

Thu, 05/26/2011 - 14:21 | 1313869 wake up America
wake up America's picture

Hope her new pad has RV parking for her new rig.





Thu, 05/26/2011 - 14:22 | 1313871 JLee2027
JLee2027's picture

Great catch Tyler.  Not that you need my permission.  Sorry I doubted you.

Thu, 05/26/2011 - 14:38 | 1313901 TruthBeforeAll
TruthBeforeAll's picture

Wow, I just registered for ZH at the behest of my brother thinking I would find apolitical intellectual discussions about current events. Man, I can read stuff like this in the checkout line at WalMart.

Fri, 05/27/2011 - 00:49 | 1315584 StychoKiller
StychoKiller's picture

Kinda makes ya wanna rethink your position on Saddam's "relationship" with BatBoy don't it?!  :>D

Thu, 05/26/2011 - 14:44 | 1313914 buzzard beak
buzzard beak's picture

This does not look to me like a case of fraud. There's another, obvious explanation for the hugely profitable flip in a dead market: the buyer was stupid as a stump.

This is the perfect buyer that real estate investors dream about. Some trailer trash reality TV star or the like who suddenly has a pot of money and doesn't have a clue what anything is worth. She actually wants to pay as much as possible, because for her it's all about the big figure bragging rights, the property is secondary at best.

As for the neither one nor only Linda Greene, yeah, there's a prosecutable crime there for faking signatures and notarization, an easy RICO case against top execs, but it doesn't have anything to do with the price. Nor does it threaten Palin in any way, as even in the extremely unlikely event that anyone would seek to invalidate the previous short sale, Palin's title insurer would be responsible.

Thu, 05/26/2011 - 14:51 | 1313927 SmittyinLA
SmittyinLA's picture

I guess the original borrower has a legetimate claim against the foreclosing bank/entity of course they probably lied to get the loan, and of course if Ms Palin's title is challenged by the original borrower she too has a claim.

Thu, 05/26/2011 - 16:43 | 1314309 mind_imminst
mind_imminst's picture

I don't usually post much, but these obvious hit pieces on Sarah Palin are disturbing. And don't give me this "where is the part that is negative on Palin" (Tyler, others). I am in the media and see this type of hit piece all the time, usually carefully crafted by AP or CNN. The title of the first piece was "Sarah Palin......Fraud". That is how 98.45% of the public reads the title, and 70% go no further. For those that read past the OMG-THIS-HOUSE-IS-SO-OPPULANT-HOW-COULD-SHE-DURING-SUCH-A-TERRIBLE-ECONOMY-HOW-INSENTIVE part, and then past the "hey deranged leftist killers out there, here is the exact suburb and address and here is the video of the place so that you don't miss (wink, wink) part, and couple more paragraphs, then we learn that Mrs. Palin did not do anything wrong (as far as we know, so stayed tuned for more hit pieces). I don't like Mrs. Palin all that much, because I am more of a libertarian fellow, but I felt compelled to defend her because thew attacks have been so unrelenting and savage for so long. This is one instance where the MSM has done better than Zerohedge. Even though Zerohedge is a site where one would expect alternative takes on popular stories and lots of sarcasm, I expect better than Palin hit pieces. 

Thu, 05/26/2011 - 17:03 | 1314391 Tyler Durden
Tyler Durden's picture

This is not a Sarah Palin hit piece. This "piece" has the explicit purpose of bringing attention to the issue of mortgage fraud especially since it affects someone who obviously generates such polar opposite opinions. If you really believe this article has anything to say about Palin, positive or negative, then please take your prejudice elsewhere.

Thu, 05/26/2011 - 18:40 | 1314736 chunga
chunga's picture

There should be a hit piece on Andrew Harmon, Esq. up about 10 replies. That baby has legs. Anyone with a PACER account would be very surprised at who received an Electronic Notice. Stay tuned - this is gonna get exciting. I hate "Foreclosure Mills".

Thu, 05/26/2011 - 17:44 | 1314567 Rusty_Shackleford
Rusty_Shackleford's picture

Give us a break.  You could insert any current "celebrity" for Palin and the value/point of the story is unchanged.


Thu, 05/26/2011 - 18:08 | 1314637 blunderdog
blunderdog's picture

Quit yer whining, bitch.

WAH, the big bad media is so MEAN!

You know what Palin would do, dontcha?  She wouldn't retreat...she'd RELOAD.


Fri, 05/27/2011 - 00:53 | 1315588 StychoKiller
StychoKiller's picture

I hope Sarah takes note of the fact that she probably bought a pig-in-a-poke, and publicly drags some Banksters through even more mud.  She gets to claim righteous indignation, the Banksters get a tar and feathering...everybody wins!

Thu, 05/26/2011 - 17:49 | 1314580 Problem Is
Problem Is's picture

Palin McMILF becomes Palin Gump...
Stupid is as stupid does...

Who would pay $1.75 million in Az into a real estate escalator ride down in one of the key bubble states? (Read: Further declines)

Oh yeah... elect this genius to run the economy...

This broad never ceases to amaze...

Fri, 05/27/2011 - 04:36 | 1315723 jmc8888
jmc8888's picture

I was wondering if it was a MERS mortgage. 

The Palin's got defrauded.  She may be an idiot, but even idiots shouldn't be defrauded. 

It doesn't matter if she paid 1 trillion bernanke bucks, given the above, it wasn't legally able to be sold, and thus not the palin's home.....legally. 

Original owner should file, and in a sense could blow up and get MERS into the minds of the populace.  How could the media NOT cover a court case where someone is challenging the order that might kick palin out of her house?  It's this type of shit people tune in day after day for weeks on end.  The Palin Home trial.

Stupid reason for the average person to pay attention, but hey million of children die every year of hunger and shit...yet the average housewife cares about caylee anthony bullshit.  Great priorities.  But that's where we are unfortunately at.


Mon, 05/30/2011 - 18:47 | 1323338 aninvestor
aninvestor's picture

Never in the history of human communication have people spoken  so much about things  they know so little about .

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