DON'T GET CAUGHT UP IN THE RUMOR MILL — Keep Your Eye on the Ball

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DON’T GET DISTRACTED BY RIDICULOUS RUMORS. Some rumors are flying around about lawyers and some politicians that are simply not true and devoting your time to spreading them takes away from your efforts toward doing something positive. I’m no fan of most politicians but there are some especially pernicious rumors about some lawyers who have devoted their lives to protecting homeowners and politicians in Arizona and other states who have supported and continue to support our cause. Be aware that the the rumor mill is fueled by billions of dollars of bank money used to hire people to spread disinformation.

1. Not one story about a lawyer “selling out”  to the foreclosure mills has proved to be true upon investigation.
2. Not one story about a politician killing proposed laws in legislatures for personal gain has been corroborated, although many are suspected. One in particular in Arizona is patently untrue, which I know of my own knowledge. But it wouldn’t surprise me if I did receive corroboration on some other stories in other states. The fact remains that the majority of politicians in both parties are already influenced against the interests of homeowners. Not much is required to kill bills that would help homeowners in foreclosure. But I do believe that central political figures (bell ringers) are probably receiving “favors” with respect to modification of their mortgages, although I can’t prove it. The rest of the stories I don’t believe because I don’t think the banks would spend any money they didn’t think was necessary.
   
3. In virtually every state there are only a few legislators who “get it” and really want to do something constructive. The rest are very much influenced by lobbying from the banks and campaign cash. As Senator Dick Durbin of Illinois said “The banks own the place.”
4. There is absolutely no indication from any state that any meaningful change in foreclosures will come from either the executive branch (governor, agencies etc.) or legislative branch. The ONLY place where we have hope and where things are progressing for homeowners in the judicial branch of government (in the the courts).

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