Here is where you can make some headway and push back against the lender. Taken from Bankersonline.com. Show this to your attorney but make absolutely certain he/she knows about this or the mistakes mentioned in the article will be repeated. respa-permitted-fees We have names of attorneys and auditors who do this for a living.  ACTION AUDIT Regulation Z: Checking APRs…[...]

Continue Reading

Tags: audit, TIL, truth in lending
Posted in bubble, Eviction, securities fraud |

Question the fees, and demand proof that they own the mortgage. If they don't they might not have the right to collect from you. They have to show a proper assignment, not just tell you about it. If they don't have the right to collect it because they sold it someone else, then they might not have the right to…[...]

Continue Reading

Tags: foreclosure defense, mortgage meltdown
Posted in bubble, Eviction |

What we know is that nothing constructive is happening now, the usual ideological gridlock is preventing progress, and that the curiosity about a brilliant new face might just get the right people to the right table at the right time.  Bernanke is completely right that the ONLY way out of this mess is not throwing more money at it, further damaging…[...]

Continue Reading

Tags: Bernanke, Bush, Clinton, executive leadership, McCain, mortgage balance, Paulson
Posted in bubble, Eviction |

Here is Martin Wolf's column: Martin WolfAmerica’s economy risks mother of all meltdownsFebruary 20, 2008, Financial TimesRecently, Professor Roubini’s scenarios have been dire enough to make the flesh creep. But his thinking deserves to be taken seriously. He first predicted a US recession in July 2006*. At that time, his view was extremely controversial. It is so no longer. Now he…[...]

Continue Reading

Tags: credit crisis, defaults, financial disaster, roubini
Posted in bubble, Corruption, Eviction, securities fraud |

Obama’s message of inclusion and practicality presents a fresh face and a valid approach. He seeks commonality rather than differences and guides the process toward a consensus rather than either force-feeding poorly vetted solutions or stonewalling perfectly workable solutions. Neither his presence nor his approach create knee jerk ideological objections in most circles. He presents an opportunity that might not…[...]

Continue Reading

Tags: economics, free market, risk analysis
Posted in bubble, Eviction, securities fraud |

The continuing decline of the U.S. dollar will only hurt you if you are holding U.S. dollars --- NOT so much if you are holding real estate  --- i.e, your home. Before you go overboard in panic mode, consider this, and hope.... The mortgage meltdown free money craze may have pulled the trigger, but the gun was decades of profligate spending…[...]

Continue Reading

Tags: foreign exchange, funny money, housing prices, inflation, mortgage meltdown, negative equity, recession
Posted in bubble, Eviction, securities fraud |

It isn't coming. Practicality is being trumped by ideology and politics. Help will not arrive in time to help you. You must help yourself. Whether you have a lawyer to help or not, you need to aggressively defend, refuse to cooperate and demand judicial fairness. If you all pile into the court system, the court system will not have the…[...]

Continue Reading

Tags: Barney Frank, clerks, discovery, foreclosure, foreclosure defense, judges, judicial, mortgage audit, RICO
Posted in bubble, Eviction, securities fraud |

Paulson’s comments yesterday were inappropriate. He just doesn’t get it. He is arguing for hitting the iceberg and then let the deadly water take care of the problem. The ship is the American economy. And the waters are a legal system that assumes, all things being equal, that the process of foreclosure, eviction and losses on CDO investments will eventually…[...]

Continue Reading

Tags: attorney general, bailout, congress, judicial system, mediation, Paulson, States
Posted in Corruption, Eviction, securities fraud |

Mortgage Meltdown Remedial Legislation Barney Frank has a good idea that will work. Mortgage notes must be reduced without penalty to borrowers, and of course continue the tax exemption for short sale. Cooperation will be needed by FDIC, Federal Reserve, SEC, FASB, IRS, Controller of Currency and Treasury Department. I would add the following AFTER reducing the mortgage by a flat percentage…[...]

Continue Reading

Tags: Barney Frank, credit cards, liquidity, Mortgage, payday loans, regulation, write-down
Posted in bubble, Eviction, securities fraud |

Back from a cross country trip for 6 weeks accumulating data "on the ground." I am have discovered that the ripple effects of the economic mismanagement, the mortgage meltdown, the credit crisis, the housing crash, and many other factors are playing havoc not only with our current status but with our prospects. These are the things that the next President…[...]

Continue Reading

Tags: commodities, currency, economics, political backlash, recession
Posted in Eviction, securities fraud |