Archive for 'Eviction' Category
Here is a strategy for one person in California whose lenders are GMAC and Countrywide. He is about one week away from sale of his property. Feel free to use what suits you. Keep in mind that the hyper-inflated values used by the appraiser, lender, underwriter, and mortgage broker constitute a violation, in my […]
This CNN reporter makes some good points, although contrary to the philosophy expressed in this blog site. Our premise has been to stop the clock, freeze foreclosures and evictions and work out a plan that gives the occupant a chance to make payments, maintain the home, and reinstate the defaulted loans so that bank balance […]
EDITOR’S NOTE: As long as Central banks focus on the currency instead of the cause, these measures will at best delay an inevitable collapse. At the core of the problem is that unless people are kept in their homes, trillions of dollars of assets will fail. This is NOT an inevitable consequence. Plans abound to […]
Commentary Choosing Recession Lakshman Achuthan and Anirvan Banerji 04.21.08, 6:00 AM ET The 2008 recession guarantees many months of job losses that will boost foreclosures and feed the credit crisis. But if fiscal stimulus had reached consumers quickly, it would have forestalled a recession, helping to stabilize the housing market. Such a soft landing […]
HUD RELEASES TIPS FOR AVOIDING FORECLOSURE Information aimed at helping more homeowners stay in their home WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) released its top 10 tips for homeowners who are facing foreclosure. “These guidelines will assist homeowners who are struggling to pay their mortgage and could be threatened […]
Mortgage Meltdown: Foreclosure Option — JINGLE MAIL (Send the keys back to lender) The issue is the stability of our economy, and our ability to recover the value of our homes, salvage the lifestyle of our neighborhoods and deal with the blame issues later through appropriate regulations. Mortgage Lenders, with full authority from the investment […]
People have to be careful in Arizona and other states that use the “Trustee” method of conducting sales of property that are allegedly in default. In fact they should be careful even without being in default. You might be at risk of receiving a claim for payment from two or more sources. each claiming standing […]
TRANSFERS OF “OWNERSHIP” OF DEBT OBLIGATIONS GIVES RISE TO THE LEGAL ISSUE OF STANDING IN STATE COURT, BANKRUPTCY COURT IN FORECLOSURES AND EVICTIONS AND OTHER ACTIONS RELATING TO THE MORTGAGE MELTDOWN. See also Foreclosure Defense: Cash for Keys Offer and TILA Defenses May 9, 2008 This is where the shell game played by lenders starts being […]
The clear mandate of future administrations is to bring the truth and reality home. Economic growth, as measured by the super pundit economists, has neither been truthful nor helpful in the real world of the life of the average American citizen. Countries all over the world have in one form or another realized that “the […]
It might just be that “free market” forces are going to change the landscape forever. What if other Fortune 500 companies involved in consumer finance, electronic funds transfer, insurance and foreign exchange decide that this huge credibility gap opens the door for their own entry into the market. McDonald’s once was surveyed as a brand […]
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