most vendors are looking for money up front that will make them rich while you go down the tubes More and more “professionals” are coming out of the woodwork to “help” with your mortgage. Whether you are in default, foreclosure, in the midst of sale or eviction, or just sitting with a mortgage where the […]

Tags: borrowers, collection agencies, credit, foreclosure defense, lawyers, lenders, TILA audit
Posted in bubble, securities fraud |

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, […]

Tags: borrowers, credit, damages, derivatives, housing, inflation, lenders, mortgage meltdown, refunds, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

“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, […]

Tags: adversary proceeding, audit, borrowers, contingent liability, foreclosure, homeowners, lender authority, lenders, Mark Twain, quiet title, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

COUNTRYWIDE SUED FOR IMPROPER LENDING PRACTICES BY ITS SHAREHOLDERS: GOOD MATERIAL HERE FOR BORROWERS TO ALLEGE IN THEIR LAWSUITS AND DEFENSIVE ACTIONS In these posts I am trying to keep pace with the events unfolding on the investor side of the Mortgage Meltdown. That is because these lawsuits are more sophisticated than the usual fair […]

Tags: borrowers, CALIFORNIA, countrywide, lenders, Pfaelzer, risk, securitization, underwriting standards
Posted in bubble, Corruption, Eviction, securities fraud |

Anyone reading this site will not find it surprising that the number of foreclosures is rising by unprecedented numbers at unprecedented rates. At the same time, the FBI is getting involved claiming mortgage fraud is on the rise at well. Let’s tell it like it is: Until this scam was perpetrated by Wall Street on […]

Tags: borrowers, foreclosures, fraud, lenders, mortgage brokers, underwriting
Posted in bubble, Corruption, Eviction |

TIME TO WAKE UP. EVEN IF YOU ARE NOT IN DEFAULT THE MORTGAGE MELTDOWN IS GOING TO HURT YOU UNLESS YOU ACT NOW. GET INVOLVED! THERE IS NO “MIDDLE GROUND” Most projections put the number at over 20 million homes, which means that over 95% of the people negatively impacted by the mortgage meltdown either […]

Tags: borrowers, BRENANKE, FEDERAL INSURANCE, Federal reserve, foreclosure, FRANK, lenders, MORTGAGE WORKOUTS
Posted in bubble, Corruption, Eviction, securities fraud |

The “Simple” answer is YOU have to stop the trustee and lender(s) from acting illegally. They are counting on the idea that you won’t be persistent or clever enough to game the system against them the way they are doing to you. You don’t have to be very clever. But you DO need to be […]

Tags: Emergency Petition, injunction, lenders, persistence, pleadings, trustee
Posted in bubble, Eviction |

Today we have a bill pending that stops the meltdown. It is a courageous and creative step that protects all parties. It requires YOUR input, so pass this along to as many other people as you can. This is much more than a step in the right direction. It would be nice to see support […]

Tags: borrowers, congress, finance, House financial Services Committee, lenders
Posted in bubble, Corruption, Eviction, securities fraud |

  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 […]

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 […]

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