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Entries Tagged as 'deed in lieu'

Congress Urges More Mortgage Help- Today’s Wall Street Journal

March 8th, 2010 · 1 Comment · Foreclosure

An article in today’s Wall Street Journal, found here reports that Congress is getting real serious about forcing banks to work with homeowners (taxpayers) in foreclosure.  They are so serious, that Rep. Barney Frank wrote a letter!  He wrote a letter.  See apparently, banks aren’t working with homeowners and the foreclosure problem continues to slog [...]

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An Anarchist’s Strategy To Dismiss Every Foreclosure In Florida

February 7th, 2010 · 7 Comments · Foreclosure

Courts Are Overwhelmed With Foreclosures
Across the country, circuit court judges and their staff are becoming overwhelmed and frustrated by the total avalanche of foreclosure cases that have been dumped in their courtrooms.  In Pinellas County, Circuit Court judges who used to handle like 400 foreclosure cases are now handling something like 3,000.These judges still have [...]

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The Florida Consumer Protection and Homeowner Credit Rehabilitation Act- An Insult to Consumers and Taxpayers of the State of Florida

February 2nd, 2010 · No Comments · Foreclosure

The Fat Cat Bankers have chosen to title their anti-consumer bill the Florida Consumer Protection and Homeowner Credit Rehabilitation Act.
I woke up this morning just furious at that name.  The name suggests that somehow consumers will benefit from something in it or that their credit will somehow be, “rehabilitated”.  Make no mistake, there is [...]

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Florida Consumer Protection and Homeowner Credit Rehabilitation Act (The Bankers Are Coming To Steal Your Home)

February 1st, 2010 · 1 Comment · Foreclosure

The banks and lenders that caused the American economy to collapse and then were rescued with Bajilliions of our tax dollars have caused themselves such problems and have engaged in such widespread fraud and conspiracy that they can no longer rely on courts of justice to help them extract ill-gotten profits from consumers and taxpayers [...]

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Bankers’ Solution to The Foreclosure Crisis? End Foreclosures and Just Take Houses From Homeonwers.

January 29th, 2010 · No Comments · Foreclosure

I was wondering what the response would be to the backlog of foreclosures and now it has reared its ugly head in the name of The Florida Consumer Protection and Homeowner Credit Rehabilitation Act.
A review of this bad, anti-consumer bill can be found in the St. Petersburg Times here. If it passes it will [...]

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Screw The Lenders and Save Your Home! The Helping Families Save Their Home Act of 2009.

January 27th, 2010 · No Comments · Foreclosure

The legal and legislative deck is, for now, stacked severely against the borrower and homeowner in foreclosure proceedings.  Some things are slowly changing and an experienced foreclosure attorney can provide real assistance to help a homeowner keep their home or at least stay in it long enough to work on some better solution.
Tenants [...]

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Hello CitiMortgage? Hello Bank of America? It’s Me, “Shortsale” are you there?

January 25th, 2010 · 1 Comment · Foreclosure

I currently have several files in my office where buyers with cash or with solid financing have made solid offers on properties that are in foreclosure. By solid I mean offers that will net the mortgage lender something like 75-80% of the balance of the mortgage on the home.  It is absolutely maddening that I [...]

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State Foreclosure Prevention Working Group Report

January 24th, 2010 · 2 Comments · Foreclosure

The State Foreclosure Prevention Working Group consists of 12 state attorneys general (Arizona, California, Colorado, Florida, Illinois, Iowa, Massachusetts, Nevada, North Carolina, Ohio, Texas and Washington), bank regulators for New York, North Carolina, and Maryland, and the Conference of State Bank Supervisors.  They are a relatively objective group that offers solid data on the foreclosure [...]

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Can’t Get A Mortgage Modification? (You Can’t) Here’s Why. (The Banks Don’t Want to Give Them.)

January 23rd, 2010 · 1 Comment · Foreclosure

From an article in the Wall Street Journal…
Number of Foreclosed Homes Will Continue to Soar
Since the start of the recession in 2007, more than five million homes have been taken back by lenders. The Center for Responsible Lending estimates that as many as 13 million more homes could fall into foreclosure over the next five [...]

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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

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 [...]

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