LEGISLATIVE LUNACY

CA SB 94 on Lawyers & Loan Modifications Passes Assembly… 62-10

Extending unsecured credit to homeowners that are already struggling to pay their bills, and then having to sue them in order to collect simply isn't a business model that attorneys, or anyone else for that matter, are likely to embrace.... (Continue reading)

FOR THE IMMEDIATE CONSIDERATION OF ATTORNEYS IN CALIFORNIA

Further, if the legislature is allowed to affect attorney compensation practices in this instance, what will they attempt to limit next? Homeowners have the right to representation before losing their homes to foreclosure. Attorneys have the right to... (Continue reading)

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Cash for Clunkers-By Math Class Flunkers

Pay $45,000 for a car worth $500, over a 3-4 day period, so that someone can buy a car that may not even be made here, and then only target those who would have likely purchased a car to replace... (Continue reading)

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CA’s Foreclosure Moratorium a Sham… We’ve Been Lied To By Our State Government

Our state government announced that the legislature had passed a 90-day moratorium on foreclosures, saying that it would give people time to obtain loan modifications and the like. But, they also knew that something like 90% of all lenders... (Continue reading)

“Mish” Shedlock: California’s 90-Day Foreclosure Moratorium Will Accomplish Nothing… Supporters Disagree.

“It’s a very righteous law,” says The Duke. “Summer’s here and Californians are tired of thinking about how their gonna’ come up with the Dead Presidents they need to stop a foreclosure. All they want is some cool... (Continue reading)

H.R. 1728: The Death of Creative Financing

H.R. 1728 passed the House by an overwhelming majority in a record three days time. Now it’s in the Senate and is widely expected to pass quickly as well. Why the rush? Is AIG planning to hand out zillions... (Continue reading)

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