The US economy collapsed in 2008 and we would have fallen into an economic and societal abyss had the federal government not taken massive interventions that we’ll be paying for for decades to come. As we know from the investigations that are now being made public, and which will continue to develop in the years [...]
Entries Tagged as 'bankruptcy'
Hazard For The Title Insurance Industry Part II- New Financial Collapse Coming
May 26th, 2010 · 1 Comment · Foreclosure
Tags:bankruptcy·florida supreme court residential mortgage task force·foreclosure attorney·foreclosure pinellas·mortgage fraud·New Financial Collapse·title insurance industry bankrupt
HOLY SMOKES- BofA to Slash Principal Balances on Mortgages!
March 25th, 2010 · 3 Comments · Foreclosure
Finally, as reported here in today’s edition of the Wall Street Journal, BofA is going to start reducing the principal balance on mortgages.
After being pumped full of billions of dollars in taxpayer money and after acquiring many of the loans that will be reduced for cents on the dollar….reducing principal is just something that makes [...]
Tags:bank of america·bankruptcy·Foreclosure·foreclosure pinellas·hamp·lost note·matt weidner·mortgage modifcation
Conspiracy of Confusion- The Failed HAMP Mortgage Modification Program
January 20th, 2010 · No Comments · Foreclosure
It is widely accepted that Obama’s HAMP mortgage modification program is a failure, not helping anywhere near the number of homeowners leaders estimated it would help. If you’re facing foreclosure in Pinellas of Florida or are simply trying to get some reduced payments on your mortgage you will find trying to get a modification a [...]
Tags:bankruptcy·deed in lieu·Foreclosure·foreclosure defense·hamp·lost note·mortgage modification·OBAMA·pinellas
Federal Lawsuit to Dismiss Every Foreclosure Filed in America
January 15th, 2010 · 3 Comments · Foreclosure
SUE THE USA FOR THE MORTGAGE MESS!
Wow! Every once in a while I read something truly mind blowing…totally off the wall and completely revolutionary. I found that just a few minutes ago in a lawsuit filed by private citizen Paul L. Muckle and suing Barack Obama, George Bush, Timothy Geithner, Henry Paulson, Sarah Palin and [...]
Tags:assignment·bank fraud·bankruptcy·cdo·cds·criminal·deed of trust·discrimination·Foreclosure·foreclosure fraud·forgery·fraud·freddie mac·livinglies·matt weidner·MERS·Mortgage Electronic Registration System·mortgage fraud·muckley·Paul Muckle·predatory lending·securities fraud·securitized·subprime·wall street fraud·wrongful foreclosure
Should I stay or should I go? Is a “Strategic Default” the soulution to your foreclosure problem?
December 17th, 2009 · No Comments · Foreclosure
An article in today’s Wall Street Journal poses just that question and suggests that for many people the risks and consequences of walking away from their mortgage outweigh the benefits of staying in their home and continuing to make payments, especially when the house is underwater. The full text of the article can be found [...]
Tags:bankruptcy·deed in lieu·Foreclosure·lost note·pinellas·pinellas home·short sale·strategic default·walk away
Solution for your Foreclosure Problem? Just Walk Away!
December 10th, 2009 · No Comments · Foreclosure
An article in today’s Wall Street Journal illustrates one increasingly common solution for homeowners who are in foreclosure or trapped in a home where they owe more than it is worth—just walk away from the home and rent a comparable (or better) home elsewhere.
There are indeed very real consequences to adopting such a strategy, but [...]
Tags:Attorney·bankruptcy·deed in lieu·Foreclosure·hamp·lost note·matt weidner·modification·short sale·walk away
HAMP Modifications Not Working! HAFA is the Answer!
December 8th, 2009 · No Comments · Mortgage News
Thousands of homeowners struggle to keep current with their mortgage obligations and foreclosures continue to be filed against them in record numbers. In response, the Obama administration announced the HAMP mortgage modification guidelines which provided directions lenders were required to follow in determine who was eligible for modification.
The problem with the HAMP modification program is [...]
Tags:bankruptcy·deed in lieu·Foreclosure·hamp·lost note·matt weidner·modification·pinellas·realtor·short sale
Obama To Push For More Mortgage Modifications
November 29th, 2009 · 9 Comments · Mortgage News
As foreclosures in Pinellas County continue to increase, there is news that the Obama administration plans to announce a new campaign to pressure lenders to modifiy mortgages for borrowers. This will come as welcome news to the many homeowners struggling to obtain a mortgage modification from their lender but who have hit a brick wall.
The [...]
Tags:bankruptcy·Foreclosure·lost note·mortgage modification·OBAMA·pinellas·reo·short sale
Florida’s Foreclosure Fraud Rescue Prevention Act
November 28th, 2009 · No Comments · Foreclosure
The Florida Legislature recently found that homeowners who are in default on their mortgages, in foreclosure, or at risk of losing their homes due to nonpayment of taxes may be vulnerable to fraud, deception, and unfair dealings with foreclosure-rescue consultants or equity purchasers.
In response, the Legislature passed Chapter 501.1377, The Foreclosure Rescue Fraud Prevention Act, [...]
Tags:Attorney·bankruptcy·foreclosure attorney·foreclosure rescue·fraud·lost note·matt weidner·mortgage modification·pinellas·reo·short sale
Nearly Half of Tampa Bay Homes Have Negative Equity!
November 25th, 2009 · No Comments · Mortgage News
Today’s St. Petersburg Times quotes an article that I first wrote about yesterday which suggests that more than 46% of homes in the Tampa bay have mortgages on them that total more than the value of the homes. While the article, and the study in the Wall Street Journal do not report exactly how they [...]
Tags:bankruptcy·countrywide·Foreclosure·lost note·mortgage·mortgage modification·pinellas·reo·short sale
