Does a bank need to prove they own a note/mortgage in order to foreclose? No. Does a bank need to prove how much they are owed if they try to foreclose? No. In fact, they don’t need courts, just let them bust down doors, and throw people and their property out. Although numbers are difficult [...]
Entries Tagged as 'countrywide'
Bank of America Trashes a Florida Home They Foreclosed…Problem Is The Homeowner Owned it Free and Clear! No Mortgage to Any Bank.
January 21st, 2010 · 2 Comments · Foreclosure
Tags:bank of america·charlie cardoso·countrywide·deed in lieu·foreclosure abuse·foreclosure fraud·lost note·matt weidner·trashed out
When is a Short Sale Not a Short Sale? When Bank of America is Being Paid Off For a Countrywide Mortgage!
January 11th, 2010 · 2 Comments · Foreclosure
The Baajillioin Dollar Bailout Bonanza
Across the country more than 9 million Americans either have loans that were originated by Countrywide or which were serviced by Countrywide which had a portfolio of loans that totaled $1.5 trillion (according to Bank of America’s website) at the time Countrywide’s assets were purchased by Bank of America in an [...]
Tags:bailout·bank of america·countrywide·deed in lieu·foreclosure defense·foreclosure pinellas·indymac·lost note·mortgage fraud·one west·short sale·wall street
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
The Subprime Mortgage Industry Crash and Countrywide Mortgage
October 27th, 2009 · No Comments · Mortgage News
The information contained in this blog is taken directly from “Chain of Blame”, http://www.chainofblame.com/a fascinating commentary on the meltdown of the American financial system which was named one of the ten best business books of the year by Bloomberg News. http://www.bloomberg.com/apps/news?pid=20601088&sid=am5wffhiJV9c
The current meltdown of the American economy began in Southern California in the late 1980’s. [...]
Tags:Attorney·countrywide·deed in lieu·Foreclosure·mortgage·pinellas
