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Foreclosure shows servicer hypocrisy

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Article source: http://www.sanduskyregister.com/story/201711300018

Centerra developer McWhinney sues former partners, says bogus loans, fraud led to foreclosure

Developer McWhinney is suing its former partners in the Promenade Shops at Centerra for $92 million, claiming a bogus loan and a series of fraudulent dealings sent the Loveland shopping center into foreclosure.

McWhinney on Aug. 15 won a $42 million judgment against Poag McEwen Lifestyle Centers-Centerra, LLC of Memphis, Tenn., after a battle in Larimer County District Court that started in 2011.

The Loveland-based company discovered additional acts of alleged fraud during the discovery process in the first lawsuit and on Nov. 8 filed a second claim in Larimer County, court records indicate. Poag McEwen on Tuesday filed a motion to move the case to U.S. District Court in Denver.

In the latest lawsuit, McWhinney accuses Poag McEwen of fraud, conspiracy and illegal transfer of money and assets to subsidiary businesses.

“The claims asserted in the new case now in federal court are without merit and we look forward to having an opportunity to defend those claims in court,” defense attorney Frank Visciano said in an email Wednesday. “We do not agree with the order in the state court lawsuit and will appeal.”

In 2004, McWhinney entered a deal with Dan Poag and Terry McEwen to develop retail shops on land near the intersection of Interstate 25 and U.S. 34. McEwen and Poag formed PM Centerra, which became the managing partner of the project, the lawsuit says.

But McEwen and Poag were already planning to sell their interest in PM Centerra to Poag’s son Josh, an inexperienced leasing agent with no prior development or real estate background, the lawsuit says. The operating agreement stipulated that if McEwen was no longer a managing partner, McWhinney could become the managing member, it says.

After the initial agreement was reached, PM Centerra obtained a $116 million construction loan through a consortium of banks, the lawsuit says. Josh Poag took control of the business in 2006. The same year, McEwen offered to sell his interest in the company for $40 million, the lawsuit says.

Josh and Dan Poag borrowed $40 million through a complicated deal involving their joint interest in the Promenade and Dos Lagos Lifestyle Center in Corona, Calif. The so-called mezzanine loan was essentially a second mortgage, the lawsuit says. They also deceived McWhinney about the purpose of the loan, it says.

PM Centerra also obtained a new rate swap loan through JP Morgan totaling $155 million even though the Promenade only needed a permanent loan of $116 million, the lawsuit says. McEwen signed an employment agreement keeping him on the PM Centerra payroll for seven years without requiring “any particular hours or duties” in exchange for the $40 million, the lawsuit says.

PM Centerra also transferred 100 percent of their interests in Promenade and Dos Lagos into a new company called Centerra Dos Lagos Venture to qualify and receive the $40 million loan. Most of that amount was then paid to McEwen in the secret buyout. Doing it that way effectively hid the fact that the Poags obtained McEwen’s stake in their company without using any of their own money, the lawsuit says.

Shortly after the $40 million loan was finalized, Poag McEwen began defaulting on multiple loans to various lenders, the lawsuit said. The Promenade didn’t have enough money to pay property taxes. Josh Poag essentially “robbed Peter to pay Paul,” the lawsuit says.

PM Centerra let the construction loan go into default in 2009 the Promenade then went into foreclosure.

McWhinney didn’t learn of Dan Poag and McEwen’s retirements and buyouts until 2015, the lawsuit says. McEwen and Dan Poag continued to hold their titles in an honorary capacity to prevent McWhinney and the public from learning about their departure, the lawsuit says.

“The court found the misconduct by Poag McEwen’s majority owners ultimately led to the foreclosure of the Promenade Shops and damages to McWhinney,” McWhinney spokeswoman Keo Frazier wrote in an email Wednesday.

After McWhinney sued PM Centerra, the property managers transferred the majority of its assets into various other companies and trust funds, the lawsuit says. Those assets included lucrative management rights to Promenade Shops in Colorado Springs, Connecticut, Tennessee, Indiana and California, the lawsuit says.

McWhinney has developed more than 6,000 acres of master-planned communities and more than 6.5 million square feet of commercial and mixed-use properties in the West, Frazier said. The company was a partner in the redevelopment of Denver Union Station and recently took the wraps off of the Dairy Block redevelopment in Lower Downtown Denver.

Article source: http://www.denverpost.com/2017/11/29/mcwhinney-poag-mcewen-lifestyle-centers-promenade-shops-at-centerra-lawsuit/

Greek police clash with protesters at property foreclosure auction

ATHENS (Reuters) – Greek police used teargas on Wednesday to disperse protesters from an Athens courtroom where they had been trying to halt dozens of planned foreclosure auctions of property.

The foreclosure auctions are a key condition of the country’s international bailout but have been repeatedly disrupted by leftist activists who say they are unfair and target the poor.

TV footage showed protesters hurling objects at police in a corridor filled with smoke and police pushing them back.

Notaries, who handle the auctions, had been boycotting them due to safety concerns, but returned to work on Wednesday after the leftist-led government said it would improve the process and increase security.

Greece has also agreed to launch foreclosure e-auctions, which began on Wednesday after being pushed back by two months.

Prime Minister Alexis Tsipras’ government swept to power two years ago on promises to protect primary homes and cancel unpopular reforms and austerity.

It later signed up to a new bailout and agreed to more belt-tightening, though it has pledged to protect people’s primary homes.

However, Greek banks are saddled with more than one hundred billion euros in bad loans after years of financial crisis, mainly due to people’s inability to repay mortages. An austerity-induced recession has cut jobs and shut businesses.

Non-performing loans top the agenda of Greece’s talks with its creditors. They are currently reviewing Greece’s progress on energy, labor and public sector reforms agreed under its third international bailout, which is worth 86 billion euros.

Athens wants to speed up the implementation of some agreed reforms to wrap up its bailout review soon. It hopes to start talks with lenders on the terms of exiting the bailout next year and on further debt relief – a long-standing Greek demand.

($1 = 0.8448 euros)

Reporting by Renee Maltezou; Editing by Gareth Jones

Article source: https://www.reuters.com/article/us-eurozone-greece-repossessions/greek-police-clash-with-protesters-at-property-foreclosure-auction-idUSKBN1DT2PX

KIYC: Sandy victims still at odds with banks over homes

November is National Scholarship Month, but while in search of help paying for college, there are some dos and don’ts to follow.

Article source: http://newjersey.news12.com/story/36957359/kiyc-sandy-victims-still-at-odds-with-banks-over-homes

EXCLUSIVE: ‘Catwoman’ Jocelyn Wildenstein says her attempts to claw her way back to solvency have been thwarted …

‘Catwoman’ Jocelyn Wildenstein’s attempts to claw her way back to financial security are being stymied by her bank, the plastic surgery-addicted socialite has claimed in new court papers.

DailyMail.com can reveal she is now trying to stop the bank from foreclosing on two 51st floor apartments in the Trump World Tower in Manhattan despite allegedly not paying a dime toward her $4.5 million mortgage in more than two years.

But Wildenstein insists she is in the right saying ‘This case is not your typical “bread and butter” foreclosure,’ in an affidavit opposing the bid by New York-based Modern Bank. 

The Swiss-born ‘Bride of Wildenstein’ received $2.5 billion in her 1998 divorce settlement from art dealer Alec Wildenstein. She was also to receive $100 million a year for the next 13 years.

The 77-year-old and her fiance Lloyd Klein, 50, were spotted going into a New York City courthouse on Wednesday for a hearing on their assault case earlier this month. 

Scroll down for video 

‘Catwoman’ Jocelyn Wildenstein (pictured on Wednesday) is trying to stop the bank from foreclosing on her Trump World Tower apartment after she allegedly failed to pay her $4.5M mortgage 

The 77-year-old was spotted going into a New York City court on Wednesday morning for a hearing 

The divorce came after 60-year-old Alec threatened her with a gun when she arrived home to find him in bed with a teenage Russian model. Alec died in 2008.

Over the years the money has disappeared, she claims. 

Wildenstein has always lived lavishly spending an estimated $555,000 a year on food and $62,000 on phone calls. She even kept two tigers in a bulletproof cage at one point.

But Modern Bank says she has not made any mortgage payments since July 2015, three months after Wildenstein says the trust cut her off. 

It also claims she has made unauthorized alterations to the condos ‘causing waste, harm and deterioration.’

The bank says the case against her has been delayed because attempts to serve papers on the feline-faced widow were thwarted by doormen at the high-rise close to the United Nations building in New York.

And it says her claims are ‘specious,’ ‘meritless,’ ‘patently untrue,’ ‘frivolous,’ and ‘absurdly inapposite.’

Wildenstein, who is alleged to have spent some $4 million on plastic surgery, claims the bank ‘coerced’ her into taking out the mortgage even though it should have known she couldn’t afford to pay it off.

She said the bank said it ‘would take complete responsibility for the payment of all my monthly bills, including the mortgage payment, if I would allow them access to all monies paid to me from my family trust.’ 

The feline-faced woman has been involved in a 15-year on-off affair with French fashion designer Lloyd Klein (left) but that relationship has been marred by physical altercations. She was arrested for allegedly slashing his face during a fight in November 2016 but the two have since reconciled

Wildenstein is trying to stop Modern Bank from foreclosing on her two 51st floor apartments in the Trump World Tower in Manhattan despite allegedly not paying a dime toward her $4.5 million mortgage in more than two years. Pictured, Klein reclining in the lavish apartment

Wildenstein paid around $6 million for two apartments, but borrowed millions more to turn it into the eight-bedroom, six-bathroom residence and deck it out in an opulent art deco interior

The bank claims she has not made any mortgage payments since July 2015, three months after Wildenstein said her ex-husband’s family cut her off

Her posh pad was put on the market earlier this year for $12,950,000 but has gone unsold despite the building boasting a spa, pool, and private wine cellar

She also claims bank officers — who she names as Shahin Pahlavi, Vera McVey, Reynold Tan and Daniel Bennett — should have known her net worth because it was in constant contact with the trust and made all her payments. She said her American Express bill was even sent directly to the bank for payment.

‘To this day,’ she said, the bank officers have ‘never provided me with an accounting of these transactions.

‘If there is a breach at all, it was caused by (Modern Bank’s) negligent actions.’

At the center of the dispute is her art collection including one work supposedly painted by French post-impressionist Paul Cezanne. Modern Bank knew she would have to sell off pieces of the collection to pay the mortgage, she alleges.

She said Modern Bank ‘breached its fiduciary duty to me when it either failed to use ‘due diligence’ in determining the value of the artwork, including but not limited to the ‘Cezanne,’…or knowingly funded the loan with such risk.’

Wildenstein’s lawyer, Patrick DeIorio, declined to comment on whether the Cezanne is genuine or whether the artwork is worth as much as once thought. ‘That is speculation,’ he told DailyMail.com.

Klein showed off his cuts and slashes that were visible from his chest to his face after his fight with Wildenstein last year  

DeIorio said he is now waiting for a response from the bank. ‘It’s a very sensitive issue,’ he said. ‘We have alleged that the bank has certain obligations under New York State banking laws but beyond that I am not at liberty to speak.’

A spokesman for Modern Bank, who declined to give his name, told DailyMail.com that ‘instructions were sent out’ not to speak about the case. 

She became the world’s most infamous divorcee in 1999 when she landed a then-record $2.5 billion settlement from her late ex-husband, art dealer Alec Wildenstein

During an interview with filmmaker Daphne Barak last year, she claimed she is broke because her ex-husband’s family had cut her off and the last payment from her trust had arrived in March 2015.

‘Then they stopped coming,’ she told Barak. ‘I wasn’t ready for it. How can I pay for dental care, doctors, the expenses of my homes or traveling.

‘I have nothing to pay with.

‘You know, it cannot be, that one day — all of the sudden — they stop the payments,’ she added. ‘Just leaving me like that.

‘They expected me to live only 20 years.’ 

Wildenstein has been involved in a 15-year on-off affair with French fashion designer Lloyd Klein, but that relationship has been marred by physical altercations.

The two were seen going into a New York City courthouse on Wednesday, weeks after they were reported to have been involved in another brawl. The pair has since brushed aside claims of an assault and blamed their cuts and bruises on ‘passionate sex.’ 

The Manhattan District Attorney’s Office told TMZ that the couple’s case could potentially be tossed if they keep up good behavior. 

The pair were seen smiling and linking arms as they left the court on Wednesday.  

Last November she was arrested after what was described as a frenzied attack on her much-younger lover, when she was accused of cutting his face and chest with scissors and throwing hot wax over him in a ‘violent rage.’

Klein, 50, said he had to push her into a cupboard to stop her attacks.

The following month he was arrested when he tried to retrieve personal items from the apartments in the Trump World Tower.

But the couple made up and in July they got engaged when he gave her a 32-carat diamond ring during a visit to Miami. 

Article source: http://www.dailymail.co.uk/news/article-5126769/Jocelyn-Wildenstein-fights-foreclosure-apartment.html

‘Warning Order’ issued on VA loan scams – Air Force Times

Among the types of offers that should set off alarms, according to a CFPB blog post:

Article source: https://www.airforcetimes.com/home-hq/2017/11/29/warning-order-issued-on-va-loan-scams/

Quicken Loans aims to help 65000 Detroit households avoid tax foreclosure

click to enlarge

  • Courtesy Photo
  • Volunteers help Detroit residents facing tax foreclosure apply for assistance to stay in their homes.

This fall, about two thousand Detroit families and households lost the roofs over their heads due to tax foreclosure.

This occurred for a variety of reasons, but in most cases, the people put out were renters with irresponsible landlords who hadn’t paid their tax bills. In other instances, low-income homeowners who would have been eligible for tax exemptions lost their homes because they weren’t aware of the help available or hadn’t properly filled out the sometimes complicated forms required to get it.

Whatever the cause, it was a continuation of the status quo: Since 2009, Wayne County has foreclosed on an estimated one in four Detroit properties.

With deeds doled out to investors and others who bought the homes for a fraction of their value in the September and October auction this year, another foreclosure cycle begins, and with it, efforts to make contact with people at risk of losing their homes.

But this time, community groups are embarking on an outreach effort that is far more comprehensive than it’s been in years past — thanks to a new, $500,000 campaign backed by the Quicken Loans Community Investment Fund (QLCIF).

Through the “Neighbor to Neighbor” effort, QLCIF and the United Community Housing Coalition will partner with about two dozen community groups and nonprofits to reach some 65,000 Detroit households behind on their taxes by yearend. The door knockers will notify homeowners of assistance available and then point them to upcoming workshops where they can get help applying for the programs.

“It’s a big deal for us,” Kenyetta Campbell, executive director of the Cody Rouge Community Action Alliance, says ”In District 7, there’s 2,300 [households behind on their taxes], and we’ve been able to go door to door and invite them to come to the workshop — as opposed to having seniors and such go downtown.”

Coordinators add that the involvement of community groups is critical. As opposed to getting information from contractors hired by the Wayne County Treasurer’s Office, for instance, at-risk residents are notified by a familiar face with a vested interest in preserving the community.

In past years, these kinds of efforts to help people stave off foreclosure have come in at the last minute, and volunteers have generally only made contact with people who were already two years behind on their taxes (the county forecloses after three years of unpaid bills). This time, the intervention is coming early.

“Our goal is to start getting in front of people as soon as they get behind on their tax bill and letting them know that there are networks of support and that things like the poverty tax exemption exist,” Laura Grannemann, the vice president of community investments at Quicken Loans, says. ”We’re not doing a last minute outreach [in] May.”

The money QLCIF has put toward the “Neighbor to Neighbor” program will be used to compensate door knockers and volunteers at the workshops scheduled for December.

Volunteers will focus on informing homeowners about an underutilized property tax-exemption that can reduce or eliminate the tax bill for low-income households. According to Grannemann, only 3,600 Detroit households are currently enrolled in the exemption, when Census data suggests some 40,000 households could be eligible.

The “Neighbor to Neighbor” effort follows a springtime pilot program in which Quicken Loans’ community investment fund partnered with UCHC to knock on the doors of 3,300 residents of Detroit homes facing the 2017 tax foreclosure auction. QLCIF says that outreach effort helped residents in 2,100 homes ultimately avoid tax foreclosure.

This year, Quicken Loans also launched a program through which renters at 80 households owned by landlords who failed to pay their taxes were able to buy the homes for as little as $2,500.

If you or someone you know in Detroit is behind on their taxes and seeking assistance, volunteers will be on hand this coming week at the locations below.

Article source: https://www.metrotimes.com/news-hits/archives/2017/11/29/quicken-loans-aims-to-help-65000-detroit-households-avoid-tax-foreclosure

Clark, Champaign residents eligible for $35K to avoid foreclosures

Clark and Champaign County residents who find themselves in a tough situation with bills mounting might be eligible for mortgage help, especially after the state expanded the qualifications to get the resources.

Save the Dream Ohio is a state-run program that takes settlement money paid by housing lenders after the foreclosur crisis and distributes it to Ohio residents with housing needs.

It can give residents behind on their mortgage up to $35,000 to get caught up. Requirements include a person must be eligible for unemployment or disability benefits, must have a household income of less than $112,000 and the balance of the mortgage must be below $432,000.

MORE: Things to know when shopping for home mortgage loans

“This is for people who are behind basically due to an unforeseen hardship,” Neighborhood Housing Partnership Home Ownership Manager Kerri Brammer said. “We document the hardship and the cash can help make up to nine months of the houseo payment with the maximum of $35,000.”

Before, residents had to be eligible for unemployment to qualify for the program. Now, anyone who qualifies for disability or unemployment may be eligible. The program isn’t taxpayer funded.

It’s rare that anyone uses the maximum amount, Brammer said, however, the program can cause a lot of relief to those stressed about making payments when trouble happens.

The office has taken in more than 20 applications since the start of the year and 16 have been approved. Few know about the program, Brammer said, and anyone who knows someone who might be eligible should encourage them to go online at SaveTheDream.Ohio.Gov to see if they are approved.

EXTRA: Average US mortgage rates fall; 30-year at 2017 low

The people who often are approved are those who want to work but can’t for reasons outside of their control.

“They are concerned about staying in their homes,” Brammer said. “The idea of getting caught up and having nine months to figure things out, it allows them to take a breath.”

People who apply are typically proud, NHP Executive Director Tina Koumoutsos said, and sharing that they got the money can be difficult.

One recipient told Brammer that they were thankful for the help after being met with tough circumstances.

READ: Average US 30-year mortgage rate falls

The recipient must remain in their home for at least five years after receiving the assistance or pay the money back, Brammer said. If they stay at least that long, the person or family wouldn’t owe any of the money.

Keeping families in houses in Clark and Champaign counties can have many positive effects on the economy, Koumoutsos said. For one, she said it is estimated that when a neighborhood has a vacant property on the street, homes around it can loose up to $3,000 in property value.

“When a home goes vacant it really can send the neighborhood into a downward spiral and the community starts to lose value on homes,” she said. “They can also lose the property tax on the homes for services in that community.”

She said the effects on the family that was displaced can also be large.

“The impact on the family is devastating,” she said. “Their credit is usually destroyed and it is really hard to for them to find a decent place to rent.”

Anyone hoping to get more information for Save the Dream Ohio program can go online or call the offices at 937-322-4623.



By the numbers

$35,000: Maximum amount available if approved.

$112,375: Household income must be below to be approved.

$432,600: Mortgage balance must be less than to get approved.

Unmatched Coverage:

The Springfield News-Sun provides the best coverage of the local economy and how state programs can have an impact on Springfield and the surrounding areas.

Article source: http://www.springfieldnewssun.com/news/local/clark-champaign-residents-eligible-for-35k-avoid-foreclosures/V89Zhk2LvLQgcAAyQwXqUJ/

Delaware becomes a buyer’s market for homes as foreclosure rate remains high

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Checkers expanding in Delaware with more locations on the way | 0:28

Checkers, the popular fast food destination known for its burgers and fries, is opening two new locations as it plans on rapid Delaware expansion.
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Siemens’ new East Coast Locomotive Service Headquarters, a 40,000-square-foot facility near New Castle that operates as the company’s digital service support, supply chain and technical field training hub in the region.
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Gov. John Carney amends the Coastal Zoning Act | 0:37

Gov. John Carney signed a bill amending the Coastal Zoning Act Wednesday at the former site of General Chemical Corp. in Claymont.
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The mortgage on Hercules Plaza was sold
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Patrick Harker, former President of the University of Delaware, toured parts of Wilmington Tuesday afternoon as part of his new role as the President of the Federal Reserve Bank of Philadelphia. 7/11/17
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Delaware’s housing market, for buyers, is promising. For sellers, it can be frustrating.

The price of an average home in the First State increased just 2.2 percent during the 12 months before Oct. 1, the lowest rate among states along the Northeast Corridor, and the fifth lowest nationally, according to data released Tuesday by the Federal Housing Finance Agency.

The slow growth has been driven by a large number of homes that are in foreclosure or otherwise being sold in distress at fire-sale prices, said Bruce Plummer, president of the Delaware Association of Realtors.

“It is a problem that is statewide,” he said. ”But at least there’s appreciation and not depreciation.” 

It also is a trend that has been ongoing for many years as Delaware home values increased just 12 percent during the past half-decade, the third-lowest figure nationally, according to the Federal Housing Finance Agency.

While the U.S. housing market steadily has recovered from a wave of foreclosures sparked by the Great Recession nearly a decade ago, Delaware has been slower to rid itself of a large proportion of bank-owned homes, said Plummer, who also is a practicing real estate broker for Coldwell Banker in Rehoboth Beach.

“For some reason, the problem is lingering in Delaware more than I expected,” he said. “We have $800,000 homes that are in foreclosure at the beach.”

An October report from ATTOM Data Solutions, a real estate research firm, determined that 1 out of every 800 homes in Delaware is in foreclosure, which is nearly three times the national rate.  

In addition to foreclosures, Delaware’s struggling economy and increased taxes on real-estate transfers are dampening demand for available homes, Plummer said. Still, he doesn’t believe a full-blown housing crisis, similar to 2008, is on the horizon. 

Pete Davisson, a Wilmington commercial real estate broker, said Delaware needs a new employer, like an Amazon.com, to bring new buyers into the state. 

“There’s nothing in Delaware today, unfortunately, that is calling people, saying, ‘Come to Delaware,’” said Davisson, who is a partner at Jackson Cross. “Manufacturing has gone away and the banks are all treading water … and the end result is houses don’t sell if you don’t have new people coming.” 

STORY: UnitedHealth cuts 138 Delaware jobs after it loses Medicaid contract

STORY: Confidential plan calls for consolidating Wilmington schools down to two

As Delaware’s homes have struggled to appreciate, home values nationally grew 6.5 percent during the 12-month period before Oct. 1, sparked by hot housing markets west of the Mississippi River and in Washington, D.C. 

“With relatively favorable economic conditions and a continued shortage of housing supply, price increases in the third quarter were generally robust and widespread,” Federal Housing Finance Agency economist Andrew Leventis said in a statement on Tuesday. 

The housing figures are derived from records of home sales financed by mortgages through the government-sponsored giants, Fannie Mae and Freddie Mac. 

While the Federal Housing Finance Agency does not publish the actual dollar amount of home values by state, the home listing website Zillow estimates the average Delaware home to be worth $217,000.

Plummer says Delaware’s relatively low housing prices and less competition for new homes is leading to a buyer’s market.  

“If you’re a buyer, this is another reason to come because prices are still affordable,” Plummer said. “I don’t think we want the most rapid appreciation, but we don’t want the least rapid appreciation.” 

Contact Karl Baker at kbaker@delawareonline.com or (302) 324-2329. Follow him on Twitter @kbaker6.

 

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Article source: http://www.delawareonline.com/story/news/2017/11/28/delaware-becomes-buyers-market-homes-foreclosure-rate-remains-high/901088001/

Angela and Erik Goettl vs Deutsche Bank Natl – Mortgage Foreclosure Postponement

NOTICE OF MORTGAGE FORECLOSURE SALE

THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.

NOTICE IS HEREBY GIVEN, that default has occurred in the conditions of the following described mortgage:

DATE OF MORTGAGE: May 2, 2006

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $189,000.00

MORTGAGOR(S): Angelica Goettl and Erik Goettl, wife and husband

MORTGAGEE: Mortgage Electronic Registration Systems, Inc.

TRANSACTION AGENT: Mortgage Electronic Registration Systems, Inc.

MIN#: 100425240007831289

LENDER: First Franklin A Division of Nat. City Bank Of IN.

SERVICER: America’s Servicing Company

DATE AND PLACE OF FILING: Filed May 24, 2006, Dakota County Recorder, as Document Number 2432309

ASSIGNMENTS OF MORTGAGE: Assigned to: Deutsche Bank National Trust Company, as Trustee for First Franklin Mortgage Loan Trust 2006-FF11; Dated: July 6, 2010 filed: July 16, 2010, recorded as document number 2741089; thereafter assigned to Deutsche Bank National Trust Company, as Trustee for First Franklin Mortgage Loan Trust 2006-FF11, Mortgage Pass-Through Certificates, Series 2006-FF11 dated February 27, 2012 and recorded on February 29, 2012 as document number 2852386 and by CORRECTIVE ASSIGNMENT OF MORTGAGE dated July 9, 2012 and recorded on July 16, 2012 as document number 2880404.

LEGAL DESCRIPTION OF PROPERTY:

Lot Two (2), Block One (1), Winter Park Addition

PROPERTY ADDRESS: 23520 Main St, Hampton, MN 55031

PROPERTY IDENTIFICATION NUMBER: 18.84300.01.020

COUNTY IN WHICH PROPERTY IS LOCATED: Dakota

THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THE NOTICE: $229,452.95

THAT all pre-foreclosure requirements have been complied with; that no action or proceeding has been instituted at law or otherwise to recover the debt secured by said mortgage, or any part thereof;

PURSUANT, to the power of sale contained in said mortgage, the above described property will be sold by the Sheriff of said county as follows:

DATE AND TIME OF SALE: October 4, 2012, 10:00am

PLACE OF SALE: Sheriff’s Main Office, Dakota County Law Enforcement Center, 1580 Hwy 55, Lobby S-100, Hastings, MN 55033

to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, including attorneys fees allowed by law, subject to redemption within 6 months from the date of said sale by the mortgagor(s) the personal representatives or assigns.

TIME AND DATE TO VACATE PROPERTY: If the real estate is an owner-occupied, single-family dwelling, unless otherwise provided by law, the date on or before which the mortgagor(s) must vacate the property, if the mortgage is not reinstated under section 580.30 or the property is not redeemed under section 580.23, is 11:59 p.m. on April 4, 2013.

“THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR’S PERSONAL REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED UNDER MINNESOTA STATUTES SECTION 582.032 DETERMINING, AMONG OTHER THINGS, THAT THE MORTGAGED PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN 5 UNITS, ARE NOT PROPERTY USED FOR AGRICULTURAL PRODUCTION, AND ARE ABANDONED.

Dated: August 9, 2012

Deutsche Bank National Trust Company, as Trustee for First Franklin Mortgage Loan Trust 2006-FF11, Mortgage Pass-Through Certificates, Series 2006-FF11

Assignee of Mortgagee

SHAPIRO ZIELKE, LLP

BY

Lawrence P. Zielke – 152559

Diane F. Mach – 273788

Melissa L. B. Porter – 0337778

Ronald W. Spencer – 0104061

Stephanie O. Nelson – 0388918

Randolph W. Dawdy – 2160X

Gary J. Evers – 0134764

Attorneys for Mortgagee

12550 West Frontage Road, Ste. 200

Burnsville, MN 55337

(952) 831-4060

NOTICE OF POSTPONEMENT OF

MORTGAGE

FORECLOSURE SALE

The above referenced sale scheduled for October 4, 2012, at 10:00 AM, has been postponed to December 4, 2012, at 10:00 AM, located at Dakota County Law Enforcement Center, 1580 Hwy 55, Lobby S-100, Hastings, MN 55033, said County and State.

If this is an owner occupied, single-family dwelling, the premises must be vacated by June 4, 2013 at 11:59 PM.

Dated: October 2, 2012.

Deutsche Bank National Trust Company, as Trustee for First Franklin Mortgage Loan Trust 2006-FF11, Mortgage Pass-Through Certificates, Series 2006-FF11

Assignee of Mortgagee

SHAPIRO ZIELKE, LLP

Lawrence P. Zielke – 152559

Diane F. Mach – 273788

Melissa L. B. Porter – 0337778

Ronald W. Spencer – 0104061

Stephanie O. Nelson – 0388918

Randolph W. Dawdy – 2160X

Gary J. Evers – 0134764

12550 West Frontage Road, Ste. 200

Burnsville, MN 55337

(952) 831-4060

Attorney for Assignee of Mortgagee

12-083896

(Oct 11)

Article source: http://www.farmingtonindependent.com/community/legal-notices/1073526-angela-and-erik-goettl-vs-deutsche-bank-natl-mortgage-foreclosure