The clear mandate of future administrations is to bring the truth and reality home. Economic growth, as measured by the super pundit economists, has neither been truthful nor helpful in the real world of the life of the average American citizen. Countries all over the world have in one form or another realized that "the pursuit of happiness was fundamental…[...]

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Tags: environment, government, happiness
Posted in bubble, Eviction |

It might just be that "free market" forces are going to change the landscape forever. What if other Fortune 500 companies involved in consumer finance, electronic funds transfer, insurance and foreign exchange decide that this huge credibility gap opens the door for their own entry into the market. McDonald's once was surveyed as a brand name and 30% of the…[...]

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Tags: Auction, Cuomo, GE, Investigation, McDonald's, rates
Posted in bubble, Eviction |

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 Tuesday approved an inquiry into…[...]

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Tags: banks, countrywide, lending practices
Posted in bubble, Eviction |

  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 for several months and are…[...]

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Tags: audit, borrowers, fair market value, lenders, loan, short sales, TILA
Posted in bubble, Eviction |

"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 standing is correct. The second…[...]

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Tags: borrowers, courts, judges, lenders, motions, standing
Posted in Eviction |

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 action from their lender (and…[...]

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Tags: borrowers, government, lenders, taxes
Posted in bubble, Eviction |

  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 can work out even without…[...]

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Tags: Green, Maryland, Ohio, Philadelphia, Reuters, Sheriff, Washington Post
Posted in bubble, Eviction |

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 tip of the iceberg.…[...]

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Tags: costs, Federal reserve, inflation, prices, purchasing power
Posted in bubble, Corruption, Eviction |

The reality of inflation is that it is robbing nearly everyone blind and is going to get much worse before it gets better.   http://www.forbes.com/2008/04/08/inflation-milk-bread-ent-fin-cx_ml_0408grocerprices.html?partner=weekly_newsletter   This is the period I was talking about where merchants and consumers alike get caught in the middle. Some merchants can take advantage of inflation but most are stuck with being the "bad guy"…[...]

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Tags: currency, demand, inflation, price, supply, value
Posted in Uncategorized |

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 USED IN THIS BLOG AND…[...]

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Tags: costs, fees, interest, money, points, TILA
Posted in bubble, Eviction |