Archives by Tag ' strategic default '
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-168 “5810.10 Personal contract and tort liability of trustee. (A) Except as otherwise provided in the contract, for contracts entered into on or after March 22, 1984, a trustee is not personally liable on a contract properly entered into in the trustee’s […]
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-168 FOR THOSE OF US WHO ARE HAVING OUR HOMES STOLEN BY ONEWEST/INDYMAC, LET’S NOT FORGET WHO THE OWNERS ARE! IndyMac Is Set to Be Sold to Private Investors December 27, 2008, By DEALBOOK IndyMac Bancorp, one of the largest banks to […]
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Release on Foreclosure Fraud Settlement Looks Broader Than Advertised By: David Dayen In his statement on the Administration’s new housing policies, CFPB Director Richard Cordray makes a fairly stunning response, considering it’s posted at the White House blog: The principles articulated […]
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 “The banks created the MERS system as an end-run around the property recording system, to facilitate the rapid securitization and sale of mortgages. Once the mortgages went sour, these same banks brought foreclosure proceedings en masse based on deceptive and fraudulent court […]
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S NOTE: While the administration, realtors and others are trying to paint lipstick on the pig, the reality is that the housing market is as weak as ever, falling further and further in a death spiral. The number of strategic defaults […]
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: Based upon the calls and emails I receive it would appear that strategic defaults are increasing at an increasing rate of growth, which is why it is being referred to as a virus. In 2010 the Mortgage Bankers Association calculated the […]
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE MORAL DOUBLE STANDARD FOR RICH AND POOR EDITOR’S COMMENT: It’s really simple. Most people with jumbo mortgages are people who are more savvy with money than those who have much smaller homes. They are used to having money, not losing it. To them […]
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: I usually tell people not to do anything that automatically puts them in a worse position than when they started, so that is usually taken to mean that you should keep paying. The question of strategic default in a short-sale or […]
The notion that nobody is going to approve of borrowers getting a free house is a myth. It isn’t up to anyone but the people who own those homes. If given the choice they would negotiate in good faith. Given no choice, they won’t pay. Just Say NO. That is the battle cry of more […]


