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 |

The bottom line is that regardless of who steps into the oval office next January, nothing will actually change unless the dynamics of political participation by U.S. Citizens changes. It isn’t enough to vote. It isn’t wise to trust any leader to do the right thing. And it isn’t wise to trust that once a policy or program has been…[...]

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Tags: Clinton, Conservative, Liberal, McCain, Mellon, Obama, Treasury
Posted in bubble, Eviction |

In both cases --- housing prices and CDO/CMO prices, there was no intervening factor that caused the decline. No meteor hit the earth, no world war broke out, no material event occurred to account for these changes. It is therefore impossible to come to any conclusion except that the fair market values of the houses and the CDO/CMO market were…[...]

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Tags: Federal reserve, junk, Lehman, Ponzi, Wall Street Journal, WSJ Freedom
Posted in bubble, Corruption, securities fraud |

I doubt that anyone is oging to let the lenders off the hook. I also doubt that regulation changes will be timely. I think ther eason we look to third party libaility is two-fold: Better to have defendants pointing the finger at each other than at the Plaintiff Better to awaken these third parties that the financial institutions are not…[...]

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Posted in bubble, Eviction |