A Tale of Four Trial Modifications at IndyMac Bank
I’m announcing today that I will write and publish every story I receive about a homeowner being jerked around by IndyMac/One West Bank. Every single one. Write to me and I’ll put it out there. ...
Continue reading full storyLoan Modifications: 500,000 or 1200? All right… ENOUGH is ENOUGH.
Of course, I’m no real estate expert, but maybe… just maybe… our government should step in and do something about the crimes being perpetrated by banks and mortgage servicers against homeowners and our nation every day in this country. Maybe, just maybe… they should be forced to help fix...
Continue reading full storyBREAKING NEWS! CA STATE BAR PUBLISHES GUIDANCE FOR LAW FIRMS ON SB 94
Wading through ambiguities in language in order to interpret the legislative intent of a new law isn’t easy, but the moral of the story is that it can be done, and thanks to the combined efforts of the attorneys and other great minds that make up the Commission on Homeowner...
Continue reading full storyAP Reports: Government Overstated Jobs Created by Stimulus by Many Thousands
And I most definitely want the $28.3 million that the administration was about to piss away on a company offering to staff a call center with a handful of underachievers that will answer questions like: “How do I find the WWF channel?” And: “Does digital mean we get free...
Continue reading full storyHow to Talk to People Who Don’t Understand the Foreclosure Crisis… if You Absolutely Have to.
And you do… absolutely have to, I mean. It’s important because until more Americans come to understand what’s really going on in this country today, we’re not going to be able to stop it. And until we stop it, we’re going to continue our race to the bottom....
Continue reading full storySee, That’s What I’m Talking About – Banks are Broke & Broken
According to FDIC, the program was established a year ago at the height of the financial crisis, and was intended to “help thaw the freeze in bank-to-bank lending,” and it’s obviously been very effective in that regard. Mark that one down as a win. ...
Continue reading full storyTARP Chief Elizabeth Warren Says We’ll Never Know Where TARP Funds Went
Elizabeth... damn it. That doesn't make any sense and you have to know that. First of all, I would argue that you don't have to ask in advance where your $700 billion will be going because IT's $700 BILLION for one thing. It's implied that someone is...
Continue reading full storyCalifornia Bar Journal Runs Ads for Loan Mod Firms? Seriously??
So, come to find out that the California Bar Journal is running ads for a company called “Nice Mod,” a DRE licensed company that presumably accepts no money until the client’s mortgage has been modified, paid off in full, and the homeowners have both passed away, in the case of...
Continue reading full storyGet Over It America???
2. Goldman must either start lending like a bank, or it's not allowed to keep its status as a "Financial Holding Company," which is what allows it to put more than $125 BILLION at risk without having to worry about losses. That's right... we're guaranteeing the losses and they...
Continue reading full storyMassachusetts Judge Rules Against Wells Fargo and U.S. Bank – Threatens Millions of Foreclosures
The judge also said that fixing the documents after the fact, which is what Wells Fargo and U.S. Bank did in the case he was ruling on, isn’t kosher, and I can’t believe that Wells or U.S. Bank would think that fixing things after the fact would be okay. ...
Continue reading full story
