Across this state law firms are pushing foreclosures and judges are throwing their neighbors into the streets. I’m convinced that in a portion of these cases, the foreclosure mills that are pursuing these cases have no real contact with the clients who might have directed them to file the foreclosure case at one point in [...]
Our circuit court judges are under unprecedented pressure from the Florida Legislature who has cut their budgets to the bone while at the same forcing judges to push through the foreclosure cases without the time and the resources they need to do the job properly. This conflict has created fundamental weakness in the most important [...]
The new foreclosure mediation program that has been established by Chief Judge McGrady in Pinellas County can be one of the most effective means for homeowners who want to stay in their homes to do so.
Mediation Managers Inc. is working hard to ensure the program that runs in Pinellas County is fair and helpful to [...]
Tonight’s episode of NBC Evening News reports on one of the largest yet bailouts….the bailout of Fannie Mae and Freddie Mac.
NBC news reports that more than half of the mortgages in the US are owned or underwritten by the federal government…now consider that in the context of the foreclosure crisis.
Why should the obscene conduct being [...]
Tonight’s episode of NBC Evening News reports on one of the largest yet bailouts….the bailout of Fannie Mae and Freddie Mac.
NBC news reports that more than half of the mortgages in the US are owned or underwritten by the federal government…now consider that in the context of the foreclosure crisis.
Why should the obscene conduct being [...]
While this blog focuses primarily on foreclosures and legal issues, the fact of the matter is that the foreclosure crisis is a symptom of two pervasive wrongs that continue to lurk across this country. The first is widespread and institutionalized fraud. The Fat Cats and financial wizards, with the consent of our elected and appointed [...]
While this blog focuses primarily on foreclosures and legal issues, the fact of the matter is that the foreclosure crisis is a symptom of two pervasive wrongs that continue to lurk across this country. The first is widespread and institutionalized fraud. The Fat Cats and financial wizards, with the consent of our elected and appointed [...]
And NPV 4.0 is what drives the PRA, which is a “deferred principal reduction program” that allows the homeowner to earn a principal reduction over a three-year timeframe by making all payments in accordance with the loan’s modified terms. According to Supplemental Directive 10-05, the PRA is…
EDITOR’S NOTE: It wasn’t so long ago that I had to practically pulled teeth to get her attorneys to agree with the proposition that nearly all of the foreclosures were fake. Matt Wiedner seems to have his finger on the pulse of what is really happening. I think the most important feature of this article [...]
The Federal Reserve, by the way, doesn’t exist to make a profit like the commercial banks. Until 2009, the Fed paid no interest on the bank reserves and other monies it holds, and it earns interest on the Treasury securities it holds. According to the story in the Times, the “Fed’s profitability increased as an incidental result of the financial turmoil that began in 2007.”
Editor’s Note: The simple reasons for the failure of the Federal program are not just that they lack clearly defined goals; they lack clearly defined understanding of the problems of title and appraisal fraud. Homeowners are sitting with property that is (a) hopelessly underwater (b) with hopelessly clouded title and (c) hopelessly engaged in mandated [...]
I just finished a seminar given by NBI which was basically in lay terms “How to Repair the Chain of Title.” We covered everything about assignments, breaks in the chain etc. The opportunity arose for questions. I was the first to ask a question, in which I posed a hypothetical that is an accurate reflection [...]
I like this post from a reader in Colorado. Besides knowing what he is talking about, he raises some good issues. For example the original issue discount. Normally it is the fee for the underwriter. But this is a cover for a fee on steroids. They took money from the investor and then “bought” (without [...]
As some of you knew or probably have guessed, livinglies is a lightening rod for information. We have posts like the one below on the comments and emails sent with details that are neither for attribution or publication. In addition, several people in sensitive government positions use livinglies as a method of getting the real [...]
Plus, if I was at all unsure of my position on this program, the clincher was finding out that the cost of both programs is being covered by a tax on large banks and hedge funds contained in the bill. I don’t know about you, but I’d consider voting to fund Al Queda if I knew that’s how it was going to be funded.
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