Figures don’t lie but liars figure. See if you figure this one out. Home sales statistics announced to the public do not include cancellations which are running at 30%. The good news is that cancellations are declining lately so maybe the figures lie, but not as much as they did? New Home Sales and Cancellations […]

Tags: April New Homes Sales, cancellations, Census Bureau, housing slump, mortgage meltdown
Posted in Eviction |

BK Judge Rules Stated Income HELOC Debt Dischargeable by Tanta This is a big deal, and will no doubt strike real fear in the hearts of stated-income lenders everywhere. Our own Uncle Festus sent me this decision, in which Judge Leslie Tchaikovsky ruled that a National City HELOC that had been “foreclosed out” would be […]

Tags: bankruptcy, borrower, due diligence, HELOC, lender, NATIONAL CITY
Posted in Eviction |

People ask me, will they really settle? Of course the question is from borrowers and they are asking if they can actually do something about the millions of foreclosures, default cases and upside down equity cases totaling more than 10 million homes in the U.S. alone. The answer is yes, especially now — because the […]

Tags: credit crisis, DEED IN LIEU, Fed, FINANCIAL MARKETS, foreclosure defense, FORECLOSURE SETTLEMENT, FOREIGN COLLATERAL, mortgage meltdown, short sales
Posted in bubble, Eviction |

For those frustrated with the process of automated attendants and talking with people who have a screen in front of them with a script written for them (and where they will be fired if they don’t use it), we offer the following: To get to a live operator Push zero repeatedly or say “operator” or […]

Tags: foreclosure defense, human contact
Posted in bubble, Eviction |

This ought to help you. It is a lot of reading but it has a lot of meat in it. bear-stearns-story  

Tags: BEAR STEARNS, foreclosure defense, predatory lending
Posted in bubble, Eviction |

events-coming-up-for-garfield-continuum-and-garfield-handbooks New comment on your post #214 “Glossary: Mortgage Meltdown and Foreclosure” Comment: A question on TILA and Non-judicial Foreclosure for anyone who knows the answer; Does a rescission letter that is timely and certifiably mailed to all appropriate parties (lender, assignee, servicer, trustee) prevent/nullify a pending non-judicial foreclosure sale? Would appreciate any information that […]

Tags: common law fraud, demand letter, disclosure, foreclosure defense, mortgage audit, rescission letter, RESPA, RICO, securities fraud, stopping the foreclosure sale, TILA audit
Posted in bubble, Eviction |

IF YOU ARE TAKING YOUR LENDER BANK TO COURT OR VICA VERSA, HERE IS MORE FUEL TO THROW ON THE FIRE — THEY EVEN LIED TO OTHER BANKS — INTENTIONALLY SO THEY WOULDN’T APPEAR DESPERATE FOR MONEY.  The Mysteries of Libor And Other Revelations…   THERE CAN BE NO DOUBT THAT THE FINANCIAL SYSTEM IS […]

Tags: foreclosure defense, INTERBANK LENDING, Libor, mortgage meltdown
Posted in bubble, Corruption, Eviction, securities fraud |

IT ALL COMES DOWN TO THIS: LENDERS DIDN’T CARE ABOUT THE QUALITY OF THE LOAN OR THE IMPACT ON BORROWERS OR INVESTORS (INCLUDING THEIR OWN SHAREHOLDERS). THEY WERE PREPARED TO FALSIFY ANYTHING AND USE ANY MISREPRESENTATION OR PRESSURE TACTIC THEY COULD TO GET THE LOAN SOLD AND THE BORROWER TO SIGN. THEY PRETENDED THEY HAD […]

Tags: AMbac, countrywide, foreclosure defense, GE, General Electric, lender fraud, Lender Liability, lender misrepresentation, MBIA, mortgage meltdown lawsuits, New Century Financial Corp, PMI Group, Redwood Trust, RESPA, TILA audit, WMC Mortgage
Posted in bubble, Corruption, Eviction, securities fraud |

If ANYTHING demonstrates the disgrace of our financial institutions, it is certainly this: Foreclosures in Military Towns Surge at Four Times U.S. Rate  By Kathleen M. Howley May 27 (Bloomberg) — U.S. Air Force Technical Sergeant Jeffrey VerSteegh, who repairs F-16 jets for the 132nd Fighter Wing, departed Des Moines, Iowa, in April for his third tour in […]

Tags: Camp Pendleton Marine Corps Base, Marine Corps, Marine Corps Air Station Cherry Point, military foreclosures, Norfolk Naval Base
Posted in bubble, Eviction |

There are plenty of people in the mortgage meltdown crisis, just like in a natural catastrophe who completely lack conscience or morality and who will tell you want you want to hear. Check it out, get references and if you are not sure of them, skip the “opportunity.” Real Estate Foreclosure Scams Lurking In Your […]

Tags: credit crisis, Foreclosure scams, mortgage meltdown
Posted in bubble, Eviction |