Archive for 'Eviction' Category
Editor’s Comment: Kwak takes on the entire “immoral borrower” myth quickly and easily here. The worst you can say about the borrower is the best you can say about the banker who got us into this mess. www.baselinescenario.com Want more? Read 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. Written by James Kwak […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “For years these problems have been the focus of research reports, Congressional testimony and court cases. Regulators, however, looked the other way, which is how we got into the mortgage mess.” “Take, for example, underwater borrowers — the millions of Americans who owe more on […]
EDITOR’S NOTE: It is obvious now that virtually all debt collection practices are based on illegal and/or improper assumptions without proof, due diligence or even service of process for defaults. Robo-signing, a new term coined in the mortgage crisis has been used for decades in the collection of virtually all other debt. Hundreds of thousands […]
BY CHERYL I love Elizabeth Warren, but we don’t need modifications, we need justice and restitution! Here are the reasons we all need to start suing the lenders and all their cronies. They are bold, coldhearted criminals, that make Al Capone look like purse snatcher. We need to focus on the crimes committed because even […]
“officials were so worried that they might be accused of helping the undeserving that they ended up helping almost nobody.” – Paul Krugman “The irony is that in their determination to punish the undeserving, voters are punishing themselves: by rejecting fiscal stimulus and debt relief, they’re perpetuating high unemployment. They are, in effect, cutting off […]
The multi-trillion dollar bailout of 2008-2009 was supposed to be for all the crazy, stupid foolish losses the banks incurred as a result of the $13 trillion dollar mortgage mess they multiplied into tens of trillions of dollars through “synthetic” CDOs and other exotic instruments. I have just one question. How could they still have […]
“They Will Suffer The Consequences” Says South Carolina Chief Justice Of ‘Corner-Cutting’ Foreclosing Lenders Involved In Robosigner Scandal In South Carolina, The State reports:Across courts in South Carolina, judges say they are halting more foreclosures — as many as one in four —because lawyers for banks have incomplete documents or missing paperwork. They also are […]
Under District law, in contrast to the laws of many states, each deed or other document transferring a mortgage interest must be recorded with the Recorder of Deeds within 30 days of execution. This requirement is not satisfied by private tracking of mortgage interests through the Mortgage Electronic Registration Systems (MERS). October 27, 2010 Attorney […]
VOTE FOR THE LONG SHOT by Neil F Garfield Simple proposition: The further ahead a candidate is in the polls, the more money he or she is getting from the banks and credit industries, the oil industry, and the drug and medical industry. That is because these lobbyists bet on winners — not on ideology. […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary see Early Stress Test for the Financial Stabilitiy Oversight Council Editor’s Comment: Simon Johnson warned us this day would come. And he wasn’t the only one. In the article below he describes BOA’s position as “precarious,” arising from the growing number of claims from investors […]
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