Remember first of all that the banks are not private corporations, at least not in any true sense of the word.
The banks, by virtue of the extraordinary bailouts and taxpayer funding that every man woman, child, grandchild and great grandchild ... Read More
The following is a quote from an expert in the whole fraudclosure scandal:
"It is now widely recognized that MERS facilitated fraud by lenders, servicers, foreclosers and securitizers. Even on the most charitable interpretation it is very difficult to ... Read More
The picture above is another million dollar example of foreclosure slop. The home, located at 101 21st Avenue North in St. Petersburg Florida was once a proud and beautiful example of residential beauty. It sits on three ... Read More
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. ... Read More
Citi Mortgage made a dramatic announcement on December 17, 2009 shouting that they were suspending foreclosure activity across the country. A copy of that annoucement can be found here and the Citi website can be found here.
While that sounds dramatic and wonderful and all that, the absurd ... Read More