Archive for 'Eviction' Category
April 3, 2008 Court Approves Review of Countrywide Practices By DOW JONES/AP PHILADELPHIA (Dow Jones/AP) — A federal judge has authorized an examination of the mortgage processing systems of the lending giant Countrywide Financial by bankruptcy investigators seeking evidence that the company systematically abuses borrowers. Judge Thomas P. Agresti of the Federal Bankruptcy Court in Pittsburgh on […]
Mortgage Meltdown: Strategies for Defense and Settlement: Short Sales Borrowers, whether they are in foreclosure or not, are advised to write letters to their lenders claiming violations of law and their closing documents. The various causes of action and the advice to get an “audit” done of your loan have been detailed here […]
“This is not about mismanagement of a hedge fund. It is about premeditated lies to investors and lenders” – Mark Mershon, head of New York FBI office, after the arrests of two former Bear Stearns managers on conspiracy and fraud charges. Picked these up from foreclosureslam.com. The first point that the lender might not have […]
DO NOT Walk Away From Your Home Submitted by Harry on Thu, 02/21/2008 – 01:38. There are a lot of people out there that are in such dire financial straits that when it comes to their home they might feel the best thing is to just walk away. After having been served with a foreclosure […]
By slowing down the progression of foreclosures in the courts, judicial sales and bankruptcies, states can effectively bring the fall of housing to a point of equilibrium where at least the opportunity will arise for recovery. It is distinctly possible, particularly with the effect of inflation and devaluation of the dollar, that the numbers […]
The latest reports show that devaluation of the dollar combined with other economic factors has launched what will be the worst round of inflation we have seen in our lifetimes. And it will most probably feed itself into a frenzy despite all efforts to soften the blow. The 1.1% increase in production costs is only […]
THE BOTTOM LINE: YOU HAVE RIGHTS AND YOU SHOULD EXERCISE THEM. DON’T TAKE THIS NONSENSE LYING DOWN. GO TO YOUR ATTORNEY GENERAL OR WHATEVER AGENCY PROTECTS CONSUMER RIGHTS AND LET THEM BATTLE IT OUT. GO TO THE BANKING COMMISSION IN YOUR STATE AND LET THEM BATTLE IT OUT. THAT MERELY MEANS BORROWING FROM THE WORDS […]
The bottom line is that regardless of who steps into the oval office next January, nothing will actually change unless the dynamics of political participation by U.S. Citizens changes. It isn’t enough to vote. It isn’t wise to trust any leader to do the right thing. And it isn’t wise to trust that once a […]
I doubt that anyone is oging to let the lenders off the hook. I also doubt that regulation changes will be timely. I think ther eason we look to third party libaility is two-fold: Better to have defendants pointing the finger at each other than at the Plaintiff Better to awaken these third parties that […]
Gambling establishments know it, amusement parks know it, retailers know it — anything that separates your perception of spending your own money from the reality results in your spending more. And in the case of the American consumer, we are spending consistently more than we earn and more than we could ever pay back. […]
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