Despite all efforts to conceal the pernicious effects of inflation and the rising tide of credit warning signals, it is now crystal clear that the underlying inflation rate in the United States is over 15% while the dollar declines in value at about the same rate. This double whammy is showing up in our pocketbooks, the gas pumps, the grocery…[...]

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Here are some headlines that are grabbing the attention of mortgage lenders. As you can see they have good reason to be scared. It may not look like it and they might not act like it, but you have the upper hand now on your mortgage whether it is in default, foreclosure, sale, eviction or not. There are claims to…[...]

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From a reader: I was running errands with my Mother the other day when she told me the amount My Father and her paid for their first house, in Seattle, the year I was born-1976. It was $15,000. I waned to throw up. I know inflation happens and I don’t expect things to remain at the lows they were back…[...]

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For general instructions on filing an answer, see this link. Remember that an answer is not the same as an affirmative defense and an affirmative defense is not the same as a counterclaim. In most cases for foreclosure and even bankruptcy you should be prepared to file an answer, affirmative defenses, and counterclaim, in state court proceedings, and an adversary…[...]

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Good comment, which I edited slightly for readability:   Hey Jose, run your case by the trustee who more than likely will not do a thing;  request for leave to file the case in C Court, not to worry about the lender,  he will remove to Fed Court.  Lost Note, fight it long, hard and strong! They must produce the…[...]

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EXPLAINING MORTGAGE MELTDOWN, IRAQ AND INEQUALITY OF WEALTH AND OPPORTUNITY The truth we don't want to hear is the same truth we shout down as unpatriotic. It is the essence of patriotism and good journalism to speak the truth and to back it up with solid facts that are congruent with the reality we experience in our daily lives. This…[...]

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"If you don't read the newspaper you are uninformed, if you do read the newspaper you are misinformed." Mark Twain Pitfalls and advice for consumers and homeowners: Don't believe what you read in the newspapers or hear on TV. Reporters are just as lazy as lawyers and everyone else. They don't know much about economics, they know less about foreclosure…[...]

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  Top Posts for 30 days ending 2008-05-17 (Summarized) Summarize: 7 Days 30 Days Quarter Year All Time 2008-04-17 to Today Title --- Views Can You Contest Your Foreclosure? 193   Foreclosure Defense: Opposing Motion for 187   FORECLOSURE DEFENSE: EMERGENCY PLEADING 178   Mortgage Meltdown: Foreclosure Option -- 165   Clinton Scheme Blows Up: Barbara Reynold 151   Mortgage…[...]

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CONVERSION FROM INDEX TO REALITY Obama’s call for “TRUTH” is a simplified statement that calls into question the manner in which information is collected, the way it is presented and the manner in which it is disseminated to the public.  Underlying this simple call for integrity is his assessment that information flow is fundamentally flawed and that a much needed…[...]

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§ 226.15  Right of rescission.    (a)  Consumer's right to rescind.  (1)(i) Except as provided in paragraph (a)(1)(ii) of this section, in a credit plan in which a security interest is or will be retained or acquired in a consumer's principal dwelling, each consumer whose ownership interest is or will be subject to the security interest shall have the right to rescind: each credit extension…[...]

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