1. Smith, Hiatt & Diaz Case v ABBY G. LOPEZ | Fraudclosure Involving LPS On Despite Glitch, Confusion
2. OUCH! Judge Dunnigan Just Fined Smith Hiatt & Diaz $49,000 to be paid in 4 days and if not then add $7,000 per day
3. Smith, Hiatt & Diaz Motion to Purge Lender Processing Services’ (LPS) Accidentally Leaked Internal Email

1. Foreclosure Fraud | Guilford County Register of Deeds Jeff Thigpen and Lynn Szymoniak to Hold Press Conference Wednesday at 10 AM
2. Lynn Szymoniak and Jeff Thigpen Video | Mortgage Fraud Investigation in Guilford Co.
3. REJECTED | Robo-signed documents rejected by John O’Brien following 60 Minutes show featuring Lynn Szymoniak

1. Wells Fargo Sues Wells Fargo? You can’t Expect a Bank that is Dumb Enough to Sue Itself to know why it is Suing Itself…
2. Wells Fargo | Another Victim of the Foreclosure Crisis Took Her Own Life
3. Foreclosure Mills Using Wrong Documents Lead to Wrongful Foreclosure – Wells Fargo Foreclosing on Home with Paid Up Bank of America Mortgage

1. MONEY, POWER AND WALL STREET | PBS FRONTLINE FOUR-HOUR INVESTIGATION GOES INSIDE THE EPIC STORY OF THE GLOBAL FINANCIAL CRISIS
2. Loreley Financing v. Citigroup Global Markets | Citigroup Sued for Fraud Over $1 Billion of CDOs
3. DEBT LIMIT – A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY (VIDEO)

1. Federal Reserve’s Independent Foreclosure Review and HAMP Escalations Review
2. Federal Reserve Board releases action plans for three supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing
3. Independent Foreclosure Review | OCC Says Independent Consultants Can’t Contact Borrowers

1. BRAVO! | Acceptance Speech of Charles Ferguson, Oscar Winner of Best Documentary Feature for Inside Job
2. Charles Ferguson Director of the Wall Street Documentary ‘Inside Job’ – Let Them Eat Task Forces
3. Lanny Breuer, Eliot Spitzer, Mary Jo White, & Neil Barofsky | Crooks on the Loose? Did Felons Get a Free Pass in the Financial Crisis? (VIDEO)

1. AFSCME | End Dimon Double Duty – “Jamie Dimon has gone from the ‘Last Man Standing’ to ‘the Most Dangerous Man in America
2. Jamie Dimon: To Fix Housing, Everyone Should Get in a Room and Decide to Do My Bidding
3. JPMorgan CEO Jamie Dimon: Stop Bashing the Rich “Acting like everyone who’s been successful is bad and that everyone who is rich is bad – I just don’t get it”

1. BRYLLAW LITIGATION: First Quiet-Title Order in Virginia Voiding Deed of Trust (by default)
2. Ronald R. Wolfe and Associates (FKA Florida Default Law Group) Under Investigation Over Fake Foreclosure Money
3. Just In | FDIC Sues JPMorgan, Citigroup, BofA Securities, Deutsche Bank

1. U.S. SECURITIES COMMISSION v CITIGROUP GLOBAL MARKETS INC | $285 Million Citi Settlement With SEC Rejected by Judge Jed Rakoff
2. Loreley Financing v. Citigroup Global Markets | Citigroup Sued for Fraud Over $1 Billion of CDOs
3. Morgan Keegan to Pay $200 Million to Settle Fraud Charges Related to Subprime Mortgage-Backed Securities

1. Pimco | $25 Billion Foreclosure Deal to Hit Pensions Harder Than Banks
2. $80.35 Million in Foreclosure Fraud Settlement Funds Now Getting Redirected to State Budgets
3. California | Brown Proposes Clever Raid of Foreclosure Fraud Settlement Funds

1. Elijah Cummings | Oversight Committee Democrats Urge FHFA Director to Produce Documents on Principal Reduction
2. Dexia v. Bear Stearns | “Egregious Fraud” Dexia Sues JPMorgan Over $1.7 Billion in Mortgage Securities
3. Foreclosure Fraud Panel One Hearing Testimony – Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing

1. Lee Camp | Occupy Congress – Live Performance In The Belly Of The Beast
2. #AGOs TWEET | AG Coakley to hold press conference at 1pm regarding a major lawsuit against 5 national banks
3. CNBC Tweet | New York AG Schneiderman Expected To Join Multi-State Mortgage Settlement-New York AG Schneiderman To Hold Media Call At 6pm ET

You have found the Mandelman Matters state specific series of pages dedicated to homeowners at risk of foreclosure in South Carolina.

On the pages in this section you’ll find accurate, straightforward information and guidance specific to the State of South Carolina related to such topics as loan modifications, short sales, foreclosure defense litigation, bankruptcy… and other topics related to getting through the foreclosure crisis.

We’ve created these South Carolina specific pages in response to the proliferation of scammers polluting the Internet with misinformation and outright lies intended to sell something to homeowners at risk of foreclosure that they don’t need.  These sites are literally everywhere, and some are very good at appearing credible, when in fact they are nothing more than elaborate cons.

Well, we’ve taken great care to make sure that the information you’ll find here is always correct… always impartial… always based on real facts… and always easy to understand.

In case you’re not already familiar with me, my name is Martin Andelman and for going on four years, I’ve been writing the widely read blog Mandelman Matters.  Over the last three and a half years, I’ve written more than 650 in-depth articles covering the political, economic, social and legal aspects of the financial and foreclosure crises.

I decided that I had to do more to help stop homeowners from getting ripped off, by providing the state specific information homeowners need to make the right decisions for their individual goals and circumstances.  Moving forward on the best possible path… that’s what my state specific pages are all about.

And just so you know, I’ve never been in the mortgage business or the real estate business, but for more than twenty years I’ve been a writer that specializes in making complex subjects easy for people to understand… oh yeah, and people say I’m funny.  I have in-depth experience writing about subjects that fall under the broad headings of accounting, insurance, financial services and law.

You can read a lot more about me HERE, HERE, and HERE.

You may want to start by getting to know my trusted attorney for the State of South Carolina, Russell A. DeMott.

No one pays to be listed as a trusted attorney on Mandelman Matters… that’s just not how it works.  The lawyers I list as trusted… are simply those I trust.  And when I say that, I mean that I would trust these people to represent me, or to watch my house while I went away on vacation for the summer.

In order to write close to 700 articles on the economic situation we’re facing today, I had to learn everything possible about the mortgage and foreclosure crises.  Not only did I read dozens of books, research reports, court decisions, and more… I also had to interview a lot of people and many were attorneys from all over the country.  Over time, some became good friends.  So, when homeowners would call me to ask if I could recommend a lawyer, I would refer them to one that I had gotten to know well, and trusted.

As a Mandelman Matters trusted attorney, Russell DeMott has agreed to take calls from South Carolina homeowners who have questions about foreclosures, and help them by providing answers regardless of whether the caller decides to hire his firm or not.  So, if you want to talk with someone who knows foreclosure in South Carolina, please don’t hesitate to call him.

For DeMott Law Firm’s contact information CLICK HERE.

And, if you’re looking for State Resources, CLICK HERE.

Need to know more about South Carolina Foreclosure Laws, CLICK HERE.

Want to read my latest post about South Carolina on Mandelman Matters?  CLICK HERE.

1. BofA’s Moynihan said of his $5 debit card fee that, “banks have a right to make a profit” NOW I SEE WHERE HE GOT HIS ADVICE!
2. In re: ANTHONY TARANTOLA – Given the Deficient and Misleading Nature of Deutsche’s Filings, the Court Seriously Considered Issuing an Order to Show Cause as to Why Sanctions Should Not be Imposed
3. Prostitution Ring for Wall Street Clients Busted

1. COMPLAINT | PLYMOUTH COUNTY, IOWA v MORTGAGE ELECTRONIC REGISTRATION SYSTEMS – Plymouth County Sues MERS Over Mortgage Recording Practices
2. LPS AMENDED CLASS ACTION COMPLAINT | CITY OF ST. CLAIR SHORES GENERAL EMPLOYEES’ RETIREMENT SYSTEM v. LENDER PROCESSING SERVICES, INC.
3. MERS | All in One Basket – The Bankruptcy Risk of a National Agent-Based Mortgage Recording System

1. Bank of America Moves to Evict 90-Year-Old Woman by Breaking a Federal Law – The Protecting Tenants at Foreclosure Act
2. Woman Who Called Ex 65,000 Times in One Year Is Less Annoying Than Bank of America
3. Family with Newborn Illegally Evicted Despite Law Protecting Tenants From Landlord’s Foreclosure

1. Strategic Default – The Banksters Keep Stealing – Why Keep Paying?
2. Devil’s Bargain: Wall St. & the Martin Act | Wherein BANKSTERS cry their rights to “due process” are being violated
3. Die Banker Die by J Glenn Lowe – A Tribute to Wall Street Banksters and Fraudgate

Russell A. DeMott, Attorney

1. Deutsche Bank to Pay $32.5 Million to Settle Mortgage Suit – Massachusetts Bricklayers and Masons Trust Funds v. Deutsche Alt-A Securities
2. Federal Home Loan Bank of San Francisco v Deutsche Bank Securities Inc Et Al
3. KABOOM – JPMorgan Chase, Credit Suisse, Bank of America, Barclays, Citigroup, Countrywide, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, UBS et al Sued For FRAUD

1. Screw You Chase! JPMorgan Chase Takes $50,000 from Homeowner to Stop Foreclosure Two Days Before Denying Permanant Loan Mod
2. Homeowner Suffers Horrific Injustice at the Hands of JPMorgan Chase
3. FLORIDA (UN)FAIR FORECLOSURE ACT HR 213 LIVE IN COMMITTEE THIS MORNING VIDEO HERE

1. Ally (GMAC) Puts Mortgage Unit Into Bankruptcy
2. And Then There Was Five – Connecticut Attorney General Investigating Defective GMAC/Ally Foreclosure Docs, Demands Halt To Its CT Foreclosures
3. Mortgage Unit Troubles Ally (GMAC) Financial

1. Chris Whalen on Radio Free Dylan | A 30 minute podcast of Chris Whalen and Dylan Ratigan on Bank of America
2. Foreclosuregate Video – Bloomberg Interview of Chris Whalen “Foreclosure Issue is a Cancer”
3. Chris Hayes | Lobbying Firm’s Memo Spells Out Plan to Undermine Occupy Wall Street (VIDEO)

1. Pics and Video | Robin Hoods Storm Mortgage Banksters Conference in Chicago
2. The Moat Crossing Robin Hoods Return in Chicago to Invade the Mortgage Bankers Association Conference
3. I Can’t Wait to See More! | Robin Hoods Storm Mortgage Bankster’s Association Conference – This Time by Kayaking Down the Chicago River

1. The American Dream Film – Do Not Watch, Unless You Want to Know How You’ve Been Scammed by the Most Basic Elements of Our Government
2. Short Film | Danny Schechter – INSIDE OCCUPY WALL ST: HOW Occupy Wall Street Operates
3. Making Margin Call: An Interview with Writer/Director J.C. Chandor

My regular readers will likely remember past articles in which I stated that we would not win this battle over foreclosures by fighting individually in the courts.  I’ve stated on numerous occasions that we needed to bring political pressure to bear and fight this in our legislatures, both state and federal, because for our judges to be of more help, we need some new laws to be written and some older laws to change.

The fact is that over the last thirty years, as the financial sector was steadily growing in size it was increasing its ability to influence our legislative system.

While we were all in a debt-induced coma wandering around aimlessly at our respective shopping malls, the banking lobby was busy making sure that essentially every single state or federal law proposed, having to do with creditors and debtors, either blatantly favored, or at the very least tilted towards the creditor’s interests… certainly not the borrowers’.

Now, as we’re facing a crisis of unprecedented proportion, we’re learning the hard way that our rights as borrowers are almost non-existent.  In California and around the country, foreclosure defense lawyers saw that mortgage servicers could far too often pretty much foreclose at will using almost anything as documentation.

Mickey could sign it… Donald could notarize it, and it just didn’t matter very often.

I also came to realize that as far as messages go, saying that the courts would not be the answer we were looking for went over like a lead balloon.  And since telling people something that they hate hearing is no fun, I tried not to bring it up any more than was necessary.

The problem is, and I realized this yesterday… I WAS RIGHT… AM RIGHT. 

A few days ago I noticed that several California politicians were announcing a town hall type meeting on the foreclosure crisis that could be viewed online.  They were even soliciting questions from the general public.  (I submitted a few but wouldn’t you know it, mine weren’t chosen.)

Yesterday, I watched the video… it’s an hour long and you’ll find it below.

I also watched various individuals, from homeowners to housing counselors to consumer advocates, give testimony related to the proposed bills, and one thing came crashing through… I should have testified.

I would have made a significant difference.

What I learned watching both the testimony and the round table with the politicians was that the knowledge base of those making policy decisions related to the foreclosure crisis has much room for improvement and expansion.  Clearly, no one has filled them in properly in numerous areas.  And we are making a HUGE mistake by not marshaling our forces to get involved in the political process and make our voices heard.

State’s AG Backs California Homeowners Bill of Rights

In an effort to prevent now well-documented foreclosure abuses, California’s Attorney General has been pushing the state’s legislature to adopt a series of legislative proposals containing stricter consumer protections related to mortgage servicing and foreclosure.

The proposals are part of what’s come to be called the “Homeowner’s Bill of Rights.”

Politicians, no doubt recognizing that this was not a debate they wanted to be having publicly and desperate for political cover, decided to take many of the proposals out of the normal legislative process and place them instead into what’s being called, “a special conference committee.”

The special committee’s members, if it matters and I’m not at all sure that it does, include four Democrats and two Republicans.  State senators Noreen Evans and Ron Calderon… and Assembly members Mike Feuer and Mike Eng are the Democrats.  Senator Sam Blakeslee and Assembly member Donald Wagner are representing the GOP on the committee.

Party affiliation may not be important because just like all the past legislative proposals related to preventing abuses in the foreclosure process, the Homeowner Bill of Rights is vehemently opposed by the banking lobby.  And that means that the more important distinction will likely prove to be who is pro-banker and who is pro-consumer, or at least somewhat neutral.

So, how does the committee break down in that regard?  Here’s a quick look:

Noreen Evans appears to me to be pro-consumer, with stated policy priorities that include protecting the environment, fighting for women and children, and the reform of our legal system.  Currently, she chairs the Senate Judiciary Committee.

Also, her district covers Humboldt, Lake, Mendocino, Napa, Solano, and Sonoma counties.  However, and not that this in conclusive, she previously served in the State Assembly (2004-2010) and during that time she was a member of the Assembly’s Banking and Finance Committee.

Mike Feuer seems to be at least neutral, if not solidly pro-consumer.  He’s a graduate of Harvard College and Harvard Law School.  He chairs the State Assembly’s Judiciary Committee, but previously he co-chaired the Assembly’s Working Group on Jobs and Economic Recovery, and chaired the Budget Subcommittee on Transportation and Information Technology.

Also, while serving on the Los Angeles City Council, Feuer co-authored the Affordable Housing Trust Fund, funded meals for 75,000 indigent seniors, led efforts to create playgrounds accessible to disabled children, and bolstered the city’s Ethics Commission.

Ron Calderon is an ex-banker, and I think it’s more than safe to say that left to his own devices, he’ll vote with the banking lobby every single time.  Today, Calderon chairs the very influential Senate Insurance Committee, which I believe until recently was the “banking and insurance committee,” but during his two previous terms in the State Assembly, he served as chair of the Banking and Finance Committee.

Calderon says his policy priorities include a balanced state budget, strengthening state and local infrastructure, creating jobs, and protecting the rights of consumers.

The problem is that Calderon’s idea of protecting consumer rights is presumably what drove him to sponsor California’s SB 94, a bill signed into law by the governor in 2009, ostensibly designed to protect consumers from foreclosure scams, but that ended up doing nothing more than chasing legitimate attorneys away from helping homeowners get their loans modified.

Almost three years later, foreclosure related scammers remain ubiquitous in California, while now, in the hands of the State Bar, SB 94 threatens to make it literally impossible for a homeowner to hire a lawyer to help with a loan modification.  I understand why the Mortgage Bankers Association supported SB 94, but I for one don’t need or want that kind of “protection,” thank you anyway.

Mike Eng chairs the Assembly Committee on Banking & Finance, which oversees California’s financial institutions, real property finance, and corporate securities law.  The Committee develops and shapes public policy in such as areas as mortgage foreclosures, payday lending, regulation of state chartered banks and credit unions, consumer lending, and financial privacy.

That seems pretty conclusive, I understand, but watch him talk on the subject of the Homeowner Bill of Rights on the video below.  He makes clear that public support or the lack thereof is going to be a key driver of the committee’s decision.

Sam Blakeslee’s says he’s “known as one of the state legislature’s most bipartisan members,” and he chairs the Select Committee on Recovery, Reform and Realignment, which is described as a bipartisan Senate think tank.

But, Blakeslee is also president of his family’s business, the investment firm Blakeslee & Blakeslee, founded in 1971.  He is a Certified Financial Planner, a Registered Securities Principal, and a Registered Municipals Principal.  So, I don’t know what all that means, necessarily, but I’d say it’s worth keeping an eye on this guy for sure.  Maybe he’s the state’s most bi-partisan banker.

And finally, Don Wagner, the Vice-Chair of the Assembly Judiciary Committee, is from South Orange County (I live in North Orange County, by the way), and it looks to me like he’s a typical Orange Country conservative Republican… he ran for his seat in the State Assembly on a platform of fiscal responsibility… which on its face, doesn’t bode well as far as his support for the Homeowner’s Bill of Rights goes.

His website says that his “district has not raised taxes, but by floating bonds, it has paid off all of its debts, and balanced every budget.”  So, does that mean that he floated bonds to take on the debt needed to pay off the debt?  I’m not trying to be funny… that’s what it says on his site.

Wagner’s a lawyer involved with the Orange County Bar Association and he’s served as a Judge Pro Tempore in the Superior Court of Orange County.  He also founded the Orange County Chapter of the Federalist Society, which is “a national organization of conservative lawyers, judges, and law professors committed to ensuring a judicial integrity and strict adherence to the Constitution of the United States.”

Were I a betting man, and I am, I’d have to bet he’s a vote against the Homeowner’s Bill of Rights, but I’m certainly willing to be proven wrong.

Scoreboard says…

So, based on that cursory analysis and absent any information to the contrary, I’d say that as far as the “special committee” goes, the score at halftime is:

BANKERS – 4                        CONSUMERS – 2

Under just about any other circumstances, I’d say that based on who the committee’s members are… the fix was in.  I’d stop following the Homeowners Bill of Rights and just wait to read bad legislative news once again… “Killed in committee, but thank you for playing.  The End.”

But, this time I’m not so sure how this will turn out, especially if I were to be successful at getting others involved… like I was with Norm Rousseau’s suicide, for example.  Or even half that successful would probably do it.

Which, of course, ultimately comes down to you.

Here’s why I think this time could be different:

• Attorney General Kamala Harris is publicly backing the Homeowner’s Bill of Rights.  It’s the first thing you see when you visit her website.  And it’s an election year.

• Servicer abuses and misconduct are now very well documented and widely known.  The DOJ settlement provides some $17 billion in principal reductions nationwide, and California gets the majority of that amount.  Plus, there’s another $8 billion involved.  That’s going to keep a light shining on whatever is happening for a while.

• California is the third hardest hit state, but its size makes it number one by far.  Our state budget deficit is the result of the foreclosure crisis, and the austerity ahead is going to touch everyone’s life, not just those at risk of foreclosure, and last for several years.

• This time, everybody’s watching, which is why the politicians pulled the Bill of Rights proposals into a “special committee.”  It’s dark in there and they’re hoping they can kill it without anyone seeing who done it.  But that’s not going to be easy this time around.

• This time, maybe enough Californian’s have been affected by the crisis, or see that they’re about to be affected by the crisis, so they’ll actually take the time to send emails and contact their elected representatives… and ask that their friends and family do the same.

The only way this country ever gets onto a path not fraught with risk of pain, civil unrest, and violence is if some balance is restored.  The pendulum has been allowed to swing too far to one side… it can’t stay there… the question is how is gets pushed back.  As Robert Reich says in his brilliant book, “Aftershock,” the two choices are radical revolt or radical reform.  (If you haven’t read it I HIGHLY recommend it.”)

Regardless, the fact that our elected representatives still have such a rudimentary understanding of the crisis and its impact on our society is proof that we are failing to educate them.  Homeowners are spending more time talking about robo-signing than they are talking to their elected representatives at the state and federal levels.

I’m not saying we should stop anything.  But I am saying we need to significantly expand our communications capabilities.  And I know we can do so fairly easily…

… Norman Rousseau taught me that.

More people read, shared, forwarded and talked about the story I wrote about Norm’s suicide than any of the articles I’ve written in the past.  And that’s sad.

Consider the following 3 facts:

A. When it comes to our politicians, there’s only one thing more important than money in this country… and that’s getting reelected.  If politicians think banking lobby money is what’s needed to get them reelected, then they’ll vote with the banking lobby.

But, if they realize that by voting with consumers they won’t need banking lobby money to get reelected… and that if they do vote with the banking lobby, there’s not enough money in the world to get them reelected… why, then they’ll vote with consumers.

B. There are only two ways to gain real political influence in this country.  One involves having a lot of money, and on that front we’ll never win… they’ve got the money advantage cornered.

The other way to gain political influence is to have a lot of people, and that’s currency we should be able to come up with in the thousands, or even millions. Already, there are easily 20 million Americans that have been directly affected by the foreclosure crisis… enough to sway a national election if organized.

C. This is an election year.  Right now, in Washington D.C. those in the House of Representatives all know that soon, they’ll be coming home to campaign for reelection in their home districts.  And right now, they’re polling their constituents and likely voters to see what’s on their minds, because they don’t want to come home to find people throwing tomatoes at them.

If any one of them received 500 emails on the same topic right now, they’d start sweating like Rick Santorum at HomoCon-2012. 

(Or, maybe like… Tim Geithner at a Save My Home convention?  Pelosi on a duck hunt with Cheney?  Boehner at a Hallmark Film Festival?  G.W. Bush on Jeopardy?)

WE’LL WIN BECAUSE WE’RE RIGHT.

The special committee is reviewing what are considered to be the “more far-reaching of the proposals.”

So, what the heck does that mean?  Well, it includes things like a law that would, according to the San Bernardino County Sun…

“… prohibit foreclosures whenever a homeowner makes a timely application for a loan modification, mandate that banks establish a single-point of contact for borrowers facing foreclosure, and let borrowers challenge proceedings in court, among other things.”

Well, why didn’t you say so?  Good Lord, those things are incredibly “far reaching.”  In fact, I could have sworn that one of them just reached out from Sacramento and tickled my tushie some 400 miles away.  That’s some reach, I’ll tell you what.

Banking industry representatives are said to oppose these ideas on grounds that they may encourage strategic defaults and spurious lawsuits.

To which I would only reply: Prospice tibi, ut Gallia, tu quoque in tres partes dividaris.

(Latin, meaning: “Watch out, you might end up divided into three parts, like Gaul.”)

Come on, banking industry representatives… why would any of those things increase the probability for strategic default, or was that just all you guys could come up with on short notice.  What happened to, “there won’t be any more lending or borrowing costs will rise?”  Those didn’t make any sense either, but I was getting comfortable with them nonetheless.  Strategic default?  Phooey.

And spurious lawsuits?  I’m not sure we both understand what that word means, that is to say… I do… but do you guys?  Would you like to know what’s causing the spurious lawsuits in California?  I’ll be happy to tell you.

It’s SB 94, which was your idea in the first place, was it not?  Don’t try to tell me that it was Senator Calderon’s idea because clearly he’s a marionette.  You chase all the legitimate lawyers away from helping homeowners modify loans and what you get are spurious lawsuits by the hundred.  Haven’t you figured that out yet?

Attorney General Harris has said exactly what I was suggesting several months ago when the settlement was first announced, albeit a tad prematurely.  She said it’s important to strengthen due process by writing some of the provisions of the national mortgage settlement with the nation’s five largest banks into state law.

Finally, there is intelligent life in politics.  It absolutely takes my breath away that finally, someone in a position of power actually agreed with me about something.

And I wrote the following on March 1, 2012…

If the new servicer standards were made into state law that had a private right of action and a provision for attorneys fees, that would save homes and stop foreclosures, and it would do so more effectively than any amount of money.

I’m not talking about bailouts for borrowers, I just want the rules associated with a national program to be followed and enforced, and I think every homeowner in the country should and would want that too, regardless of whether at risk of foreclosure or not at this moment.

 

Every homeowner in America should want federal programs to operate as they were intended to operate.  It’s not about who is at risk of foreclosure and who isn’t.  It’s simply about being in favor of basic fairness in our federal or state programs.  No one should oppose any of those ideals, and those that suffered as a result of being deprived such fairness would engender sympathy from others.

We simply have to do what the Attorney General is suggesting… otherwise all we’ll have are another set of HAMP guidelines, and we don’t need another set of useless guidelines that no one follows and no one can enforce.

No one should want that, by the way, because we understand that “HAMP HAPPENS.” 

But, if HAMP HAPPENS TWICE, strategic defaults and spurious lawsuits are going to look like a picnic at the beach on a sunny day with someone you love.

A SPECIAL MESSAGE TO ATTORNEY GENERAL HARRIS…

Okay, I’m a HUGE fan.  Brilliant!  How can I help?

 Reach me anytime at mandelman@mac.com.

Mandelman out.

# # #

NOW CLICK PLAY TO WATCH CALIFORNIA’S

Foreclosure Crisis Town Hall

1. BofA Lawsuit to Stay in State Court | State of Arizona vs. Countrywide, Bank of America, et al
2. Dutcher, Ferguson, Ahlers v. Recontrust, BAC, Bank of America | New Lawsuit Alledges Thousands of ILLEGAL Utah Foreclosures
3. Pot, Meet Kettle | Bank of America Sues HOA’s, Trustees and Collection Agencies Over Foreclosure Fees