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Category: Foreclosure Defense

‘Bad Neighbor Banks’ Take Hold In South Florida

Banks make bad neighbors. It’s been one of my mantras for years, and it’s a statement that is again reverberating across the country thanks to The Sun-Sentinel’s 3-part series “Bad Neighbor Banks”. Thanks to the Sentinel, 60 Minutes, and the National Fair Housing Alliance, we are seeing the hard data that back up my assertion that banks, once they foreclose […]

What Did Chuck Coulson Think of Banks ‘Hatchet’ Job on Homeowners?

Last weekend Chuck Coulson, the man once called Richard Nixon’s ‘hatchet man”, passed away at the age of 80. Known both for his being one of the ‘Watergate Seven’ and his subsequent 2nd life as a born-again evangelist, I can only wonder what he thought of of our current foreclosure crisis. I don’t know if he ever gave it much […]

German Bank Accuses Barclays of Lying About Mortgage-Backed Securities

Tue Apr 3, 2012 by on Foreclosure Defense

Man I just love it when the banks eat their own! It’s even better when they start using MY arguments to do it. The very same arguments I’ve used to defend my clients. The essential problem is this, securitized trusts, the ones your homes were bought and sold into, weren’t always mortgage-backed! I’ve long had questions about the validity of […]

Saturday Round-Up; Mortgage Debt Relief Extended?; NY Foreclosure Dismissed; Foreclosure Crisis in A Quilt

Bill extends Mortgage Debt Relief Act of 2007 I warned you earlier this month that if you’re considering a short sale, the time to get the ball rolling is now. That’s because the Mortgage Debt Relief Act, which was passed in 2007, is set to expire at the end of this year. If that happens you’ll have to pay taxes […]

Florida Fair Foreclosure Act? Fair to Whom?

Banks need to get their massive foreclosure backlog off the books. There are over 368,000 cases in Florida. I get that. Getting these properties into the hands of families who can afford them, that is what I want to see. It’s needed to jump start the economy, and no one wants to see the banks out of the neighborhoods more […]

MERS is Dead! Humpty Dumpty Won’t Be Put Together Again!

Humpty Dumpty has had his great fall, thanks to an outstanding bankruptcy judge who has all but dismantled the Mortgage Electronic Registration System (MERS) thanks to his recent ruling.‪​‪ Last week New York Judge Robert Grossman ruled that all of MERS’ business practices are illegal. It’s a staggering blow to the banks and their endless efforts to circumvent due process. […]

Settlement Or No Settlement; Homeowners You Must Stand Your Ground!

If there was anything positive that came out of the prolonged discussions between the states and the banks on the mortgage servicing settlement, it was that banks were reluctant to go full steam ahead in the foreclosure process while talks were ongoing. But even before the settlement was announced, we saw signs that pointed to more foreclosures in 2012. According […]