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By William Hudson The number of Americans that own a home has fallen to its lowest recorded level ever. The second quarter of 2016, reflected that the non-seasonally adjusted homeownership rate fell to 62.9 percent, the same percentage reflected when the U.S. Census began tracking homeownership rates back in 1965. Since the recession, and […]
We get it. Judges don’t like statutory rescission under TILA. They are not required to like TILA rescission but they are required to follow it. This decision openly defies the SCOTUS ruling and refuses to apply it. Despite clear legislative intent to prevent banks from stonewalling rescission they are succeeding in doing so nonetheless as […]
The problem for everyone involved is that in reality the investors made nothing and merely received a portion of their own money as though it had come from the trust. But it didn’t come from the trust because the trust didn’t even have a bank account. If the banks had disclosed the truth of the […]
The court held that the FDCPA unambiguously requires any debt collector – first or subsequent – to send a section 1692g(a) validation notice within five days of its first communication with a consumer in connection with the collection of any debt. THE FOLLOWING ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN […]
http://www.express.co.uk/news/world/690675/Germany-economy-Deutsche-Bank-Brexit-Eurozone-finance German economy on a knife edge: Struggling Deutsche Bank closes nearly 200 branches GERMANY’S economy could be on the brink of collapse after its largest bank announced it will shut one-quarter of its branches. By Tom Parfitt PUBLISHED: 17:31, Mon, Jul 18, 2016 | UPDATED: 18:29, Mon, Jul 18, 2016 Germany’s largest lender Deutsche […]
Judges are thinking the unthinkable — that none of the trusts ever acquired anything and that the foreclosures were and are a sham. THE FOLLOWING ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER. —————- It isn’t “theory. It is facts, or rather the absence of […]
Homeowners say foreclosure firm failed them Just five years out of law school, Gennady Litvin ran a bustling legal practice that took in millions of dollars from distressed homeowners who hoped they could avoid foreclosure. The Litvin Law Firm grossed $5.2 million in 2013, much of it from financially strapped clients who paid $500 a […]
By The Lending Lies Team The Goldman’s bought their house months prior to 9/11. For a decade before they had been able to supplement their income by restoring old homes and returning them to their original condition. On average they netted about 27k a home after taxes and expenses. They were so credit-worthy they were […]
http://www.buckscountycouriertimes.com/life-style/local-feature/council-rock-alum-pens-saga-of-largest-fraud-in-american/article_d8071eae-4d0f-11e6-9c2b-6b9deac518a5.html David Dayen came of age as a writer during a golden age for bloggers. Dayen, a 1990 graduate of Council Rock High School, was making a living in Los Angeles editing films and TV programs. “Name a channel on your digital cable package, and I’ve probably done something for it,” he says. Interested […]
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