By William Hudson Foreclosure Calls That Haunt For years, Neil Garfield and his staff received daily calls from homeowners facing foreclosure. The voices carried every emotion imaginable: Fear and confusion Helplessness and betrayal Anger and urgency Despair and complacency Some homeowners waited too long and discovered nothing more could be done. Others fought back and […]

Tags: distressed homeowners, ptsd depression, stress, trauma
Posted in discovery, foreclosure defenses, foreclosure mill, Uncategorized |

Editor’s Note: Principal reduction can be achieved in more ways than one. Here Non-profit Lenders see the clear opportunity to buy mortgages from dubious sources and then enter into new mortgages with the homeowner thus preventing eviction and restoring the homeowner to non-distress status. The problem here is that title is not clear and eventually […]

Tags: clear title, distressed homeowners, JOHN LELAND, modification, mortgage modification, Non-profit lenders, Ny Times, Post-foreclosure relief, principal reduction, quiet title, title problems
Posted in bubble, Corruption, Eviction, securities fraud |

With the Obama administration and private lenders actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued an advisory to taxpayers who receive — or seek to receive — such assistance if it’s offered. Editor’s Note: The only thing I would add to this, for the moment, is that any […]

Tags: cancellations, damages, distressed homeowners, forgiveness of debt, Form 1099-C, Form 982, income tax, IRS, Obama, Ocwen, principal reduction, principal residence, real estate taxes, Ron Faris, subprime loans
Posted in bubble, Corruption, Eviction, securities fraud |