Somewhere along the line, people are going to start asking why "the banks" wait so long and they will come up with the answer: that "the banks" make more money by waiting. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL…[...]
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Florida Supreme Court dismisses motion for rehearing in case concerning Florida Statute of Limitations
Apr 3, 2017
by K.K. MacKinstry Last week a Manhattan court ruled in Costa v. Deutsche Bank that Deutsche Bank had failed to foreclose within the six year window and was therefore barred from collecting the debt. In the same week, the Florida Supreme Court denied a motion for rehearing in Bartram v. U.S. Bank regarding the statute of limitations in foreclosure cases,…[...]
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New York Judge finds foreclosure time-barred and cancels Mortgage: Costa v. Deutsche Bank
Apr 1, 2017
Read Costa v. Deutsche Bank here: Costa v. Deutsche Bank 2017 03 29 Unlike Florida where there is no statute of limitations and every missed mortgage payment resets the clock, New York enforces the statute of limitations for debt collection including mortgages. A federal judge has granted two New Rochelle, New York homeowners' request to have their mortgage canceled, ending…[...]
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Housing Bubble II: A Fed official warns that another real estate bubble could collapse financial stability
Apr 1, 2017
http://www.businessinsider.com/commercial-residential-real-estate-risk-financial-stability-2017-3 By Wolf Richter, Wolf Street The Fed caused it, but it won’t do much to contain it. Last year, Boston Fed President Eric Rosengren — considered a “dove” on the Fed’s policy-setting committee — started warning about the commercial real-estate bubble in the US and what its demise could do to banks. But in his speech on Financial Stability…[...]
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https://medium.com/@MattBruenig/are-boomers-really-doing-well-8faf4cdbbc9a https://medium.com/@MattBruenig/are-boomers-really-doing-well-8faf4cdbbc9a Are Boomers Really Doing Well? I was inspired by this piece in the Boston Globe about how the Boomers have ruined everything to go into the Survey of Consumer Finances and see just how well the Boomers are actually doing, at least as far as wealth goes. The answer, as with all things, is that it depends on what…[...]
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by K.K. MacKinstry The media claims the number of home foreclosures is down sharply from the depths of the financial crisis, even as many of the mortgage firms involved remain the same, including Fannie Mae, Wells Fargo, Bank of America and JPMorgan Chase. However, some companies like CitiMortgage are exiting the servicing industry altogether. As Livinglies previously reported, CitiMortgage may…[...]
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https://www.vice.com/en_us/article/how-a-cruel-foreclosure-drove-a-couple-to-the-brink-of-death A married couple resorted to self-harm after being physically and psychologically terrorized by Bank of America over their house—until a judge fined the bank $46 million. "Franz Kafka lives… he works at Bank of America." Judge Christopher Klein's words kick off an incredible ruling in a federal bankruptcy court in California last week, condemning Bank of America for a…[...]
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A potential investigation of foreclosure abuse by OneWest Bank, which was owned at the time by current Trump-appointee Treasury Secretary Steven Mnuchin, was abandoned after OneWest donated to the political campaigns of then-California Attorney General Jerry Brown (2006-2010) and incoming California Attorney General Kamala Harris (2011-2016). The "donations" (political bribes) occurred in 2010, shortly after an attempt to subpoena the…[...]
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One of the most effective strategies the banks have devised is to utilize a process of servicing musical chairs to keep the homeowner and judges from being able to decipher who the rotating parties involved in the loan are. The name game becomes so convoluted through assignments, serving rights and through attempts to identify the true creditor that not even…[...]
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Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays Many people assume that when they appeal that they will be able to retry their case, compel additional discovery and provide additional evidence in their appeal. This is not the purpose of an appeal court. An appeal is a request for…[...]
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