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Tag: bailout

President Obama Speaks about the Economic Crisis as Lost Promissory Note Defense to Foreclosure Tops Google Searches

Wed Feb 25, 2009 by on Florida Law News

The President made it abundantly clear last night that one of the bailout’s fundamental purposes is to help troubled homeowners who need to refinance their homes, thereby preventing foreclosure. Yet one of the most popular Google searches yesterday concerned one’s ability to delay or stave off a foreclosure by demanding the foreclosing bank produce the original Note. In fact the […]

Mortgage Forbearance on the Horizon: Obama Following His Gut and Major Banks Follow

Fri Feb 13, 2009 by on Florida Law News

It appears that the financial markets are taking their cues from the President as opposed to the Treasury Secretary. This week we saw the major equity markets tumble as the Treasury’s half-baked Bailout II Plan was partially unveiled. But most importantly, the markets started to respond– first yesterday- after the President began to dust off the history books and talked […]

Every Cloud Has a Silver Lining

Fri Feb 6, 2009 by on Florida Law News

Ok… so as more folks go into foreclosure (I always have to put this in… LOL) and the news of bailout salary caps trickles or more likely barrels through the Ivy League Halls, we are already seeing some pleasant “surprises” or anticipated consequential behavior. The top minds at our top schools, and our true national treasure, may actually choose livelihoods […]