150,000 people are receiving letters now telling them that their second tier mortgages are “eliminated.” Whether BOA has the authority to do this depends upon whether they are the creditor in those loans. They may be the creditor in some of them but I suspect that the loans cannot be proven in any chain of […]

Tags: Bank of America, BOA, BofA, second mortgages
Posted in bubble, Corruption, Eviction, securities fraud |

As will be discussed in the workshops coming up in California (check the schedule), it isn’t just the homeowner who could be filing wrongful foreclosure actions for damages. Junior lienholders should be doing the same. They are the association that maintains the property or common elements, second mortgage holders, holders of HELOCS etc. When THEY […]

Tags: ASSOCIATIONS, HELOC, junior lienholders, second mortgages, wrongful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Comment: Don’t give anybody money unless you have checked them out. I’m not saying they must have a six year history in this like I do, but get some references and don’t part with your money until you understand exactly what they are planning to do and why it will or has a likelihood […]

Tags: ASSOCIATIONS, HELOC, junior lienholders, modification, scams, second mortgages, wrongful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |