Posts Tagged ‘foreclosures’

RealtyTrac: Land mines threaten housing recovery, could trigger surge in defaults.

RealtyTrac: Land mines threaten housing recovery, could trigger surge in defaults.

RealtyTrac has been telling the country about housing recovery and that there’s no bad time to buy a home… now they sound a lot like Mandelman Matters.... (Continue reading)

Court Rules Against the Robinson’s in Quiet Title Case  (You can’t file for quiet title and not invite MERS to the party.)

Court Rules Against the Robinson’s in Quiet Title Case  (You can’t file for quiet title and not invite MERS to the party.)

Or, let’s be honest about this… a more accurate way to describe what happened here, would be to say that the Robinsons didn’t want to notify MERS, because they wanted the default judgment that was likely to result from only... (Continue reading)

RealtyTrac’s Blomquist: The Foreclosure Crisis is Well Behind Us.  Mandelman: Oh, Shut-up Daren. 

RealtyTrac's Blomquist: The Foreclosure Crisis is Well Behind Us.  Mandelman: Oh, Shut-up Daren. 

Frankly, I’m both tired of being proven right and shocked that it hasn't happened sooner and by someone with even more intellectual prominence. Derwood Blomquist just assured the nation that the foreclosure crisis was… what were the exact words... (Continue reading)

Why Can’t Dave Ramsey Get his Facts Straight on Reverse Mortgages?

Why Can't Dave Ramsey Get his Facts Straight on Reverse Mortgages?

You see, I don’t see the difference between Dave Ramsey scaring people away from reverse mortgages based on untruths, and some predatory lender who lies to seniors to get them to do something they shouldn’t. Why can't we just be... (Continue reading)

University Professors Research Reverse Mortgages, Set Record Straight – A Mandelman Matters Podcast

University Professors Research Reverse Mortgages, Set Record Straight - A Mandelman Matters Podcast

Professor Johnson was actually primarily motivated to study and write about reverse mortgages by the the media's horribly slanted and generally inaccurate coverage of reverse mortgages, and he shares some examples that will make you cringe. A GREAT INTERVIEW FOR... (Continue reading)

Patience is more than just a virtue… it could save your home from foreclosure.

Patience is more than just a virtue… it could save your home from foreclosure.

Here are my 12 RULES for Contacting Servicers... Getting your loan modified is easier today than its ever been… that’s a fact. But coming to the table with the baggage of whatever happened last time will only increase the... (Continue reading)

Jubilación!  It Means “Retirement” South of the Border.

Jubilación!  It Means “Retirement” South of the Border.

If you’ve been reading what I’ve been writing about reverse mortgages over this past year, it should be becoming clear that they are incredibly flexible and can be used for many purposes… from protecting a home from foreclosure in the... (Continue reading)

Loan Modification Misinformation or Lies… I Just Can’t Take Much More of This 

Loan Modification Misinformation or Lies… I Just Can’t Take Much More of This 

It’s been six years since this crisis began, and it’s shocking how far we haven’t come as far as loan modifications are concerned. But, at this point it’s not the servicers that are causing most of the problems… it’s... (Continue reading)

Why Doesn’t Every Realtor in the Country Know About This?

Why Doesn’t Every Realtor in the Country Know About This?

Now, you tell me… why doesn’t every single Realtor in the country know about this older-buyer assistance program from HUD? I know it’s relatively new… since 2009… but that’s still five years ago. How long should it take... (Continue reading)

And Here’s to You Mr. & Mrs. Robinson – Will Quiet Title Hold Up in California?

And Here’s to You Mr. & Mrs. Robinson – Will Quiet Title Hold Up in California?

I just want to point out that California homeowners should not be in any sort of hurry to follow in the footsteps of Robinson v. MERS. While I understand why many homeowners would describe this case in positive terms…... (Continue reading)

IF YOU’RE  62+ AND STILL PAYING A MORTGAGE… Here are 7 Reasons You Can End Up in Foreclosure and How to Protect Your Home Now

IF YOU'RE  62+ AND STILL PAYING A MORTGAGE... Here are 7 Reasons You Can End Up in Foreclosure and How to Protect Your Home Now

Now, I’m not saying that anyone should have known about any of this. The fact is that his article, and others I’ve written in the recent past, appear to be the first in the country to propose switching to... (Continue reading)

Mortgage Originations Are Down by 60-70% Year-Over-Year… But Everything’s Okay

Mortgage Originations Are Down by 60-70% Year-Over-Year… But Everything’s Okay

So, the mortgage industry has seen originations fall in a single year by 60-70 percent, but the housing markets are okay, in fact they’re recovering all around us every day, and prices are up. ... (Continue reading)

Use a Reverse Mortgage to Prevent Foreclosure and to Leave Your Home to the Kids Free and Clear

Use a Reverse Mortgage to Prevent Foreclosure and to Leave Your Home to the Kids Free and Clear

In fact, by doing it with a HECM mortgage, you increase your chances of being able to leave your home to your kids free and clear because you’ve eliminated the risk that you’ll end up in foreclosure because you couldn't... (Continue reading)

Why the Media Misinforming Seniors on Reverse Mortgages is Wrong and Even Dangerous

Why the Media Misinforming Seniors on Reverse Mortgages is Wrong and Even Dangerous

And reverse mortgages keep homes safe from foreclosure, and millions of seniors have lost homes from foreclosure over the last five years. Many were denied loan modifications because they had equity in their homes. I can’t help but... (Continue reading)

Finally, Florida & Connecticut AGs Shut Down Mass Joinder Lawsuit Scams

Finally, Florida & Connecticut AGs Shut Down Mass Joinder Lawsuit Scams

The real danger of mass joinder lawsuit scams is that the homeowners wouldn’t find out for several years that they’d been scammed, when finally a court dismissed their suits, and they were harder for authorities to police and shut down... (Continue reading)

Was it worth it?  Yeah, to me it definitely was. (For you maybe the reverse is true.)

Was it worth it?  Yeah, to me it definitely was. (For you maybe the reverse is true.)

If you switch your traditional mortgage to a reverse mortgage and you miss a payment, no one cares… if you miss three payments, no one cares… want to take the whole year off and make no mortgage payments… perfectly fine…... (Continue reading)

I Don’t Care What the Media Says, Housing Market is Horrible, and Homeowners Still Suffering through the Loan Mod Process

I Don’t Care What the Media Says, Housing Market is Horrible, and Homeowners Still Suffering through the Loan Mod Process

I know what sorts of headlines run rampant through the media these days. It’s nothing new… it’s been going on non-stop since at least 2008. It’s also utter and complete nonsense.... (Continue reading)

Even with $2 million in the bank, you should still have a reverse mortgage

Even with $2 million in the bank, you should still have a reverse mortgage

Having saved $2 million in your retirement nest egg is a wonderful accomplishment, and if you’ve done so, you are to be commended. But, it does not mean that you have nothing to worry about when facing what could... (Continue reading)

U.S. News & World Report Presents 4 Alternatives to a Reverse Mortgage

U.S. News & World Report Presents 4 Alternatives to a Reverse Mortgage

If a company was misinforming seniors about reverse mortgages with deceptive advertising in order to sell them on reverse mortgages, everyone would be disgusted and demand that it stop. So, why would anyone be any less outraged with U.S.... (Continue reading)

The 2 Attorneys that Won $16 million Jury Verdict Against PHH Mortgage – A Mandelman Matters Podcast

The 2 Attorneys that Won $16 million Jury Verdict Against PHH Mortgage - A Mandelman Matters Podcast

This is not the first decision that punished a servicer for mistreating a homeowner in the loan modification process, in fact this past year there have been a dozen or more around the country. I think it's safe to... (Continue reading)

Meet the Lawyers who Won $16 Million for CA Homeowner – A Mandelman Matters Podcast

Meet the Lawyers who Won $16 Million for CA Homeowner - A Mandelman Matters Podcast

The last thing I wanted to do, however, was write about the decision as being some sort of major victory for homeowners, only to find out that the decision was overturned on appeal next year, because frankly...... (Continue reading)

Helping a Homeowner Succeed with Bank of America/SPS Loan Mod is Like Mardi Gras in June!

Helping a Homeowner Succeed with Bank of America/SPS Loan Mod is Like Mardi Gras in June!

The homeowner below who wrote to me a couple of days ago to thank me for helping her get her Bank of America/SPS loan modified, is one of the homeowners that I hope I know forever. Because Margaret Saizan... (Continue reading)

Even on Some of the Most Progressive Porches in America, Foreclosures Not Well Understood

Even on Some of the Most Progressive Porches in America, Foreclosures Not Well Understood

Okay, so I decided that I would do it… I’d bring up the topic of the ongoing foreclosure crisis. These were my peeps and it’s not like I don’t know a thing or two about the subject matter… maybe... (Continue reading)

A San Clemente Homeowner Writes to Say Thank You for help with Bank of America Mortgage

A San Clemente Homeowner Writes to Say Thank You for help with Bank of America Mortgage

Thank you Martin in helping us to secure a favorable home loan modification with Bank of America by qualifying our intentions, commitment and ability to meet the new loan obligations as well as assist us to elevate our application to... (Continue reading)

New York Launches New Foreclosure Avoidance Program… Hundreds Could be Saved?

New York Launches New Foreclosure Avoidance Program… Hundreds Could be Saved?

The NYS MAP program will be available in Long Island only starting on September 15th, and elsewhere in the State of New York as of October 15th. Loans made under the program can, among other things, be used to... (Continue reading)

Tampa Bay Times: Stop Lying to My 78 Year-Old Mother!

Tampa Bay Times: Stop Lying to My 78 Year-Old Mother!

Doesn’t anyone think it’s bad form to misinform senior citizens… to scare older Americans away from a source of money that could easily be a couple hundred thousand dollars or more by feeding them inaccurate and misleading garbage disguised as... (Continue reading)

Hartford Beats Out Newark for Most Underwater Mortgages… What to Do, What to Do?

Hartford Beats Out Newark for Most Underwater Mortgages... What to Do, What to Do?

However, as it turns out, Newark’s housing market isn’t in the worst shape of any U.S. city. To visit the city with that distinction, you need to head north from Newark about 125 miles… and when you get to... (Continue reading)

HUD to Resolve Key Reverse Mortgage Issues Going Forward

HUD to Resolve Key Reverse Mortgage Issues Going Forward

How would you like to find out that no one had told you that you had easy access to several hundred thousand dollars, and so not knowing, you made other plans that you didn’t want to make and wouldn’t have... (Continue reading)

Anyone Care to Bet? We’re in a Recession Now or Will Be Soon.

Anyone Care to Bet?  We’re in a Recession Now or Will Be Soon.

Can we connect these dots? Housing market takes a dive, consumer spending craters causing retail earnings to collapse, with underlying employment numbers somewhere south of ghastly.... (Continue reading)

Forced Into Foreclosure – Want to See How it Happens?

Forced Into Foreclosure – Want to See How it Happens?

All they wanted to do was save their home, which seemed to me to be a reasonable thing for them to want since there was no question that they had enough income to make their mortgage payment. They never... (Continue reading)

Here Come the Happy Housing Numbers, but Foreclosures Up Year-Over-Year

Here Come the Happy Housing Numbers, but Foreclosures Up Year-Over-Year

In other words, the housing market hasn’t recovered, and won’t recover because it can’t recover until the underlying fundamentals change, and that won’t happen for a long, long time. It certainly won’t happen as long as we refuse to... (Continue reading)

House committee votes to prohibit FHA from financing homes taken using eminent domain

House committee votes to prohibit FHA from financing homes taken using eminent domain

So, if you take the property legally, you cannot use FHA… but if you foreclose illegally and sell it to a bona fide third party, that buyer certainly can use FHA. And if that makes any sense whatsoever to... (Continue reading)

What’s WRONG with Richard Cordray of the CFPB? Tell Me How Can This Happen?

What's WRONG with Richard Cordray of the CFPB?  Tell Me How Can This Happen?

So, why does Cordray make it sound like he’s describing a problem with reverse mortgages when he’s actually not? Why is he scaring seniors away from a reverse mortgage, when it could transform their lives, or save their homes,... (Continue reading)

Major Media Misinforms, Scares Seniors on Reverse Mortgages

Major Media Misinforms, Scares Seniors on Reverse Mortgages

I can’t help but wonder how many seniors have made less favorable decisions as a result of biased and wholly inaccurate reporting on reverse mortgages, but it’s impossible for me to believe that it’s not quite a few. How... (Continue reading)

The blogger, lawyer, banker and borrower: A letter from home thanks to Bank of America.

The blogger, lawyer, banker and borrower: A letter from home thanks to Bank of America.

All we ever wanted was a fixed loan. Between Martin and Nathan Fransen's time and dedication to my family we received a loan modification. The part that to this day will bring tears to my eyes is... (Continue reading)

What Loan Modifications Have to Do with Leaving Money on the Table and Knowing the Value of a Dollar

What Loan Modifications Have to Do with Leaving Money on the Table and Knowing the Value of a Dollar

We need programs that stop foreclosures and provide reasonable resolutions for borrowers faster than one at a time. I don’t want to see another optimistic forecast, like the ones I’ve been shown every single year since the crisis began,... (Continue reading)

Motley Fooled by Reverse Mortgages – New York Times No Better

Motley Fooled by Reverse Mortgages - New York Times No Better

If you’ve seen one article about the “risks" or "perils" or "nightmares," associated with reverse mortgages, you’ve quite literally seen them all. It feels almost like one writer started a chain letter on the subject, and the rest of... (Continue reading)

CNBC’s Diana Olick makes sure no one understands reverse mortgages, I make sure they do.

CNBC's Diana Olick makes sure no one understands reverse mortgages, I make sure they do.

I’m constantly amazed at the negative press and misconceptions surrounding reverse mortgages, because the bottom-line is they are an absolutely wonderful product that almost everyone over 62 years old should have, and yet in a year of talking to seniors... (Continue reading)

A Visit to the Front Lines: Richmond, California, Eminent Domain & Mortgage Resolution Partners

A Visit to the Front Lines: Richmond, California, Eminent Domain & Mortgage Resolution Partners

So, I went to visit Richmond, California, so I could see what the town looked like, and to sit and talk face to face with the CEO of Mortgage Resolution Partners. Join me below and I'll take you on... (Continue reading)

We All Agree: We want to keep people in their homes if possible… sort of.

We All Agree: We want to keep people in their homes if possible… sort of.

So, if Wells Fargo was now willing to allow Arthur to sell the home he’d built and lived in since 1988 for $375,000… why not sell the home to Arthur for $375,000, and Arthur would use a reverse mortgage for... (Continue reading)

Why Does Ocwen Want to Modify Loans? Answer: Because they profit by doing so.

Why Does Ocwen Want to Modify Loans?  Answer: Because they profit by doing so.

The thing is that no one wants to think that the horror show we’ve all witnessed these last five years hasn’t been part of a nefarious plot to steal homes and take over the world somehow. That would at... (Continue reading)

Mortgage Resolution Partners’ Chairman, Steven Gluckstern Says Eminent Domain Plan will Go Forward – A Mandelman Matters Podcast

Mortgage Resolution Partners' Chairman, Steven Gluckstern Says Eminent Domain Plan will Go Forward - A Mandelman Matters Podcast

Steven Gluckstern is the Executive Chairman of Mortgage Resolution Partners ("MRP"), the company that has been advising cities and municipalities all over the country, and most notably Richmond, California, in their use of eminent domain to take over underwater loans... (Continue reading)

Tom Deutsch of the ASF on Eminent Domain & Loan Modifications – A Mandelman Matters Podcast

Tom Deutsch of the ASF on Eminent Domain & Loan Modifications - A Mandelman Matters Podcast

If Professor Robert Hockett is the man behind the plan to use eminent domain to take over underwater loans and write them down for homeowners, Tom Deutsch is his arch nemesis. This is an opportunity to hear how the... (Continue reading)

It was an honor to help him get his loan modified…

It was an honor to help him get his loan modified...

It was an honor to help Arlie Matthews get his loan modified with Bank of America. At the times when I sit and wonder why I've done what I've done, and how I can possibly continue doing it for... (Continue reading)

Dear Fellow Travelers… a letter from a Mandelman Matters reader.

Dear Fellow Travelers... a letter from a Mandelman Matters reader.

I was not involved in her foreclosure battle. She wrote to me because she wanted to tell other homeowners what she came to discover about Mandelman Matters after going through the same sort of journey that far to many... (Continue reading)

Heirs of Reverse Mortgage Holders Should be Happy, Happy and Happy

Heirs of Reverse Mortgage Holders Should be Happy, Happy and Happy

The reverse mortgage is the only vehicle that allows the flexibility of repayment terms that includes no repayment at all until after the death of the second spouse. There’s nothing else like the HECM reverse mortgage... we should all... (Continue reading)

Apparently White House is PLEASED with HAMP and Housing?

Apparently White House is PLEASED with HAMP and Housing?

I’m actually relieved that the White House knows about the millions of delinquencies, underwater and effectively underwater loans… that sales have been “slowing” since last July, but slowing even more so since the first of the year. I’m so... (Continue reading)

Christopher Whalen Quotes Me on HousingWire, Then Tom Cox Slams Me and Whalen on HousingWire

Christopher Whalen Quotes Me on HousingWire, Then Tom Cox Slams Me and Whalen on HousingWire

Tweet   So, here’s how my day went today… It started with Christopher Whalen quoting me in his article on HousingWire.  Chris had told me yesterday that he was planning on quoting me in an article, but I didn’t know... (Continue reading)

Following in the Rich Tradition of Appraisal Fraud, Servicers Using Zillow® for Home Values

Following in the Rich Tradition of Appraisal Fraud, Servicers Using Zillow® for Home Values

Using a Zestimate to determine a home’s value is almost like trying to make your mortgage payment using Monopoly money. And yet, homeowners and others involved in loan modifications from around the country have confirmed being told by Chase,... (Continue reading)

Latest Report Shows Mortgage Approval Requires HIGH FICO Scores

Latest Report Shows Mortgage Approval Requires HIGH FICO Scores

While demand for mortgages and homes has declined, in the years ahead the demand for credit restoration services is expected to be one of the fastest growing industries in the country. And I can’t think of a better way... (Continue reading)

Frank & Brian Try to Help Salespeople Overcome Call Reluctance

Frank & Brian Try to Help Salespeople Overcome Call Reluctance

Call reluctance isn’t some psychological problem that you can cure by talking to yourself or by being coached to pick up the phone within 30 minutes. You know why you’re not calling your prospects… it’s because you have nothing... (Continue reading)

Dave Dayen Does Great Job Describing “Government Cowardice” and Donovan’s Complicity “Selling” the National Mortgage Settlement

Dave Dayen Does Great Job Describing “Government Cowardice” and Donovan’s Complicity “Selling” the National Mortgage Settlement

Dayen’s article is still an outstanding piece of work that I very much appreciated. It saved me from having to read Smith’s final report, and he wrote it in such a way that I think it represents the perfect... (Continue reading)

8 Powerful Reasons Why NOW is a GREAT Time to BUY a Home

8 Powerful Reasons Why NOW is a GREAT Time to BUY a Home

Today was a BIG day for Frank and Brian over at the National Real Estate Post... they have officially proclaimed that the mortgage lending industry HAS CHANGED. Not IS changing, but HAS changed... they were shocked, by the way.... (Continue reading)

Is Eminent Domain for Underwater Loans Good for Homeowners? A Mandelman Matters Podcast

Is Eminent Domain for Underwater Loans Good for Homeowners?  A Mandelman Matters Podcast

The man who wrote the plan to use eminent domain to take over underwater loans and write them down for homeowners that started in Richmond in earnest, but is now being considered in one form or another by something... (Continue reading)

Effectiveness of Government Plan to Create Foreclosures to Increase as Rates Rise

Effectiveness of Government Plan to Create Foreclosures to Increase as Rates Rise

HAMP modifications are about to start seeing rates reset higher, and Treasury says more foreclosures will be the result. ... (Continue reading)

THANK YOU RUSH LIMBAUGH! Rush Says Republicans Won’t Work With Black President.

THANK YOU RUSH LIMBAUGH!  Rush Says Republicans Won't Work With Black President.

Rush Limbaugh has admitted that Republicans won't work with Obama because he's black. Remember when Barack Obama was running against Hillary Clinton for president in 2008? So, remember the question that was on everyone’s mind in 2008? ... (Continue reading)

Four Million Homes Rise Above Water in Q4… Does anyone realize how stupid a headline that is?

Four Million Homes Rise Above Water in Q4… Does anyone realize how stupid a headline that is?

How about if we start a contest? I’d love to promote the, “Sell your home at the Zillow price and win your mortgage payments for a year” contest. It’s not like we’d need any money to do it…... (Continue reading)

POWER TOOLS for Investor Denials, the NPV Discussion, and Pushing a Servicer to Modify a Loan

POWER TOOLS for Investor Denials, the NPV Discussion, and Pushing a Servicer to Modify a Loan

Unfortunately, as so many homeowners have learned the hard way, it’s not easy to figure out what’s right and what’s not about your loan modification application, and so many homeowners fail when they could have succeeded had they known what... (Continue reading)

Is Eminent Domain to Write Down Mortgages Unconstitutional? A Mandelman Matters Podcast

Is Eminent Domain to Write Down Mortgages Unconstitutional?  A Mandelman Matters Podcast

Is the use of eminent domain to take over underwater loans and write them down for homeowners unconstitutional? Will the financial services industry tie up the plan to use eminent domain in the courts for years? Find out... (Continue reading)

Underwater and Unsolvable – A Lifetime of Homeowner Mortgage Debt

Underwater and Unsolvable – A Lifetime of Homeowner Mortgage Debt

There should be no question in anyone’s mind that because our housing markets have not recovered neither has our economy. It’s not that we need jobs to improve the housing markets, it’s that we need to fix housing in... (Continue reading)

Demand for Mortgages Plummets, But It’s Not a Winter Storm, It’s More of an Ice Age

Demand for Mortgages Plummets, But It’s Not a Winter Storm, It’s More of an Ice Age

Do the math and it’s easy to conclude that the number of homeowners unable or unwilling to move is high. If 30 percent are actually underwater, after adding sales commissions, moving expenses, and the need for a 20 percent... (Continue reading)

What I Know About Loan Modifications – 2014

What I Know About Loan Modifications - 2014

I see loans get modified every day, and the people I see haven’t paid anyone for anything, or if they did, it was hundreds, not thousands of dollars. At the same time, I’ve seen people who absolutely needed someone... (Continue reading)

GUEST POST: Mortgages, now in the hands of specialty servicers, means trouble for homeowners and investors.

GUEST POST: Mortgages, now in the hands of specialty servicers, means trouble for homeowners and investors.

During the past 12 months, the rights to service millions of home loans have been shifted from large banks like Bank of America, Wells Fargo, Citigroup and Chase to specialty loan servicers like Ocwen Home Loan Servicing, Nationstar and SPS,... (Continue reading)

All the News that Can Confuse – Housing Market News Up and Down at the Same Time

All the News that Can Confuse – Housing Market News Up and Down at the Same Time

On any given day, the numbers of contradictory headlines about housing markets and foreclosures are enough to present a serious health risk to anyone reading them. ... (Continue reading)

Homeowner Loan Mod Success Story with JPMorgan Chase… and Mandelman Matters

Homeowner Loan Mod Success Story with JPMorgan Chase... and Mandelman Matters

And I have to admit that when I received the letter below, it brought a few tears to my eyes... and felt really good to know I had been able to help, but the credit really belongs to JPMorgan Chase... (Continue reading)

FDIC Shared Loss Agreements Did NOT Pay Off Your Loan (No Matter What AZ Court Seems to Think)

FDIC Shared Loss Agreements Did NOT Pay Off Your Loan (No Matter What AZ Court Seems to Think)

It’s remarkable, if you think about it, how many people are supposedly trying to pay off your underwater mortgage once you’ve stopped making your mortgage payments. It’s like there’s a rush to pay off your mortgage once you default on... (Continue reading)

We’ve Solved a National Foreclosure Crisis Before, Why Not Now?

We’ve Solved a National Foreclosure Crisis Before, Why Not Now?

A large part of this protracted recession it said is due to households trying to reduce their debt levels, which in turn leads to less spending in the economy, driving the recession deeper and further.... (Continue reading)

Good News About Housing Recovery… Your Kids Will be Living With You for a Long Time

Good News About Housing Recovery... Your Kids Will be Living With You for a Long Time

So, if you add it all up, there's only one way that U.S. housing markets are recovering… Magical thinking!... (Continue reading)

Homeowner Alert: Scammer Masquerades as Bank, Offers Fake Loan Mods

Homeowner Alert: Scammer Masquerades as Bank, Offers Fake Loan Mods

Now there are scammers masquerading as banks, offering FAKE LOAN MODIFICATIONS... and if that weren't bad enough, the fake mods require homeowners to pay thousands of dollars for nothing.... (Continue reading)

Uncertainty in the Loan Mod Process is Barrier to U.S. Economic Growth

Uncertainty in the Loan Mod Process is Barrier to U.S. Economic Growth

Once a mortgage is underwater… should you get hit with a life event such as a divorce, illness, injury, job loss or income reduction… you can’t sell your home… and you can’t borrow against it to help you get through... (Continue reading)

Eminent Domain Part 3 with Cornell Law’s Professor Robert Hockett – A Mandelman Matters Podcast

Eminent Domain Part 3 with Cornell Law's Professor Robert Hockett - A Mandelman Matters Podcast

Eminent domain means taking over underwater loans and writing them down for homeowners. Professor Robert Hockett authored the plan, and is consulting with cities all over the country now considering using eminent domain to save their cities from becoming...... (Continue reading)

Eminent Domain to Solve the Housing Crisis – PART 2 with Prof. Robert Hockett

Eminent Domain to Solve the Housing Crisis - PART 2 with Prof. Robert Hockett

Eminent domain is not only being considered as a solution to the housing crisis by Richmond, California... there are now some TWO DOZEN CITIES across the country considering the plan authored by Professor Robert Hockett of Cornell University Law School.... (Continue reading)

Prof Robert Hockett: Need Eminent Domain to Break Securitization Suicide Pact Killing Recovery – A Mandelman Matters Podcast

Prof Robert Hockett: Need Eminent Domain to Break Securitization Suicide Pact Killing Recovery – A Mandelman Matters Podcast

Eminent domain to answer the problems with underwater mortgages? Well, the lines have been drawn… the battle appears eminent… pun intended. But Professor Hockett, the man behind the eminent domain plan, says it’s not going to get tied... (Continue reading)

Our Housing Market’s Recovery is Eminent… Get It?

Our Housing Market’s Recovery is Eminent… Get It?

Despite some very nasty threats of retaliation from Wall Street and Washington, something like two dozen new cities are now reportedly joining the efforts to potentially head off home foreclosures by using eminent domain to seize mortgages and write them... (Continue reading)

Who Doesn’t Need a Back-Up Plan for a Secure Retirement?

Who Doesn’t Need a Back-Up Plan for a Secure Retirement?

Maybe the wealthiest retirees can get by without taking out a reverse mortgage as a way to protect their financial futures, but for the rest of us… not having funds from a reverse mortgage available is what’s risky. And... (Continue reading)

Testimony to Martin Andelman from Homeowner with Bank of America Loan

Testimony to Martin Andelman from Homeowner with Bank of America Loan

Martin’s blog is the place to go for the hard cold facts surrounding the housing crisis. He does not sugar coat reality, which sometimes make his articles hard to swallow. Even so, his blog is a vast well of... (Continue reading)

I have the best readers in the world… I am humbled by their words.

I have the best readers in the world... I am humbled by their words.

Mr. Martin Andelman is providing a much -needed function to humanity with his unfailing actions and skills as a media spokesman and intermediary to the banking/loan-servicing agencies. He needs to be acknowledged and compensated in kind for the work he... (Continue reading)

The Year is New… But the Housing Hype is the Same Old Thing

The Year is New… But the Housing Hype is the Same Old Thing

Is the foreclosure crisis coming to an end... not a chance. RealtyTrac latest report is utter nonsense. The year may be new, but the B.S. is all too familiar.... (Continue reading)

‘Twas the Night Before Christmas – 2013

'Twas the Night Before Christmas - 2013

'Twas the Night Before Christmas 2013 is an Annual Political and Economic Year in Review I write every year... I've been doing it since 2007, so this year makes it seven years in a row. If you want to... (Continue reading)

Borrowers Facing Foreclosure Should be Dancing in the Streets Over ‘X’ and ‘Z’ and Here’s Why

Borrowers Facing Foreclosure Should be Dancing in the Streets Over ‘X’ and ‘Z’ and Here’s Why

So, there you have it… a solid check mark in the “WIN” column for consumers over the interests of the banking industry. And I don’t think Realtors, mortgage brokers, or even the banks themselves have come to fully understand... (Continue reading)

I’m Betting We Get Extended Tax Relief on Forgiven Mortgage Debt for Christmas This Year

I’m Betting We Get Extended Tax Relief on Forgiven Mortgage Debt for Christmas This Year

Some are starting to worry about what is likely to happen if they let the Act’s tax relief provisions related to foreclosure avoidance expire. I simply don’t think there’s any real chance they won’t extend the Act for at... (Continue reading)

Bay Area Homeowner Writes to Say Thank You to Mandelman Matters and Bank of America

Bay Area Homeowner Writes to Say Thank You to Mandelman Matters and Bank of America

Ahsan Kushkaki discovered Mandelman Matters after Bank of America denied his loan modification. He was desperately seeking someone who might be able to help him explain the situation to the bank and after finding several of the thank you... (Continue reading)

NOW YOU CAN KNOW… How Much Your Investor is Losing by Foreclosing on Your Home.

NOW YOU CAN KNOW... How Much Your Investor is Losing by Foreclosing on Your Home.

I think the entire country is under the impression that servicers foreclose because it’s in the best financial interests of the investors, and perhaps sometimes they do… but data from this trust and others I’ve looked at, to my way... (Continue reading)

CNBC’s Diana Olick Has It Right, Says Housing Markets Headed for Trouble

CNBC's Diana Olick Has It Right, Says Housing Markets Headed for Trouble

Okay, so I'm just giving Diana a hard time... she's got a tough job being the only voice no blaming the whole housing debacle on deadbeat borrowers who all bought home they couldn't afford. Instead, Diana doesn't mention foreclosures... (Continue reading)

Thanksgiving Day Memories and What I Want for the Holidays this Year

Thanksgiving Day Memories and What I Want for the Holidays this Year

How about if everyone who knows how to postpone a sale date, volunteers to help anyone who needs to postpone a sale date in December or at least for the first two weeks of January… in other words help postponing... (Continue reading)

The Rush for Rentals by Investors Turns Into a Run for the Exit

The Rush for Rentals by Investors Turns Into a Run for the Exit

In addition, spurned on by the Fed’s QE and zero-interest-rate policy, Lord knows how many smaller companies and individual investors also jumped on the bandwagon, and as it has the tendency to do, the insanity drove up home prices at... (Continue reading)

I SAY GIVE HIM TWO – Ernie Banks Awarded Presidential Medal of Freedom

I SAY GIVE HIM TWO – Ernie Banks Awarded Presidential Medal of Freedom

Today, Ernie Banks was at the White House being awarded the Presidential Medal of Freedom by President Barack Obama. It is the highest civilian honor that this country bestows, and this year was the 50th anniversary of the award,... (Continue reading)

We’re Looking at a Retirement Crisis, Because We’re Gambling Unnecessarily

We’re Looking at a Retirement Crisis, Because We’re Gambling Unnecessarily

It’s like we’re “Risk Junkies.” What could be riskier than betting on the stock market going up and future tax rates staying the same or going down? Are we nuts? The answer is… we’ve been lied to. ... (Continue reading)

NOW AVAILABLE: The RMBS Trust/Modification Analysis Report for Homeowners

NOW AVAILABLE: The RMBS Trust/Modification Analysis Report for Homeowners

With this report, when your servicer says they can’t do something… you’ll know whether what they’ve said is accurate or not. Imagine the power of being able to show a mediator exactly what’s been done to modify the other... (Continue reading)

GUEST POST: Don’t Be Concerned Martin Is Dead Wrong, by Michael Pines

GUEST POST: Don’t Be Concerned Martin Is Dead Wrong, by Michael Pines

My article was nonsense, according to Michael Pines? Well, that would certainly be disappointing, I wasn't aware that I had ever written an article that was considered nonsense by anyone. I'm not saying that everyone likes what I... (Continue reading)

GLASKI TAKES A HIT: California Court Rejects Reasoning in Glaski Decision

GLASKI TAKES A HIT: California Court Rejects Reasoning in Glaski Decision

It’s not a matter of the Diunugala case being considered “binding authority,” because it’s not. But the question is, will other California courts consider the case persuasive… and tend to follow the more established case law. If that’s... (Continue reading)

Realtors & Mortgage Brokers: Toughest Year for Housing Markets Since 2010 Ahead

Realtors & Mortgage Brokers: Toughest Year for Housing Markets Since 2010 Ahead

This past September signified the fourth straight month of a decline in existing home sales, while mortgage interest rates hit two-year highs. The Mortgage Bankers Association index of mortgage activity is now at its lowest point since November of... (Continue reading)

IBANEZ & BACK: Attorney Glenn Russell Back in Front of the Mass Supreme Court – A Mandelman Matters Podcast

IBANEZ & BACK: Attorney Glenn Russell Back in Front of the Mass Supreme Court - A Mandelman Matters Podcast

Well, fast forward to today and Glenn Russell is still very much on the attack on behalf of homeowners, in fact, he just finished arguing his latest case, again in front of the Massachusetts' High Court. I don't want... (Continue reading)

Estate Planning Experts Make a To-Do List for the Complete Estate Plan – A Mandelman Matters Podcast

Estate Planning Experts Make a To-Do List for the Complete Estate Plan – A Mandelman Matters Podcast

Survey after survey has shown that at least half of American adults will pass away without a will. In 2007, a study conducted by Harris Interactive®for Martindale-Hubbell® found that, looking back three years, 55% of all adult Americans did... (Continue reading)

The Weather In India – Memorable Moments from the Foreclosure Crisis

The Weather In India - Memorable Moments from the Foreclosure Crisis

President Obama said that all I needed to do to avoid foreclosure was get my loan modified. He said to just call my bank directly so I did. And I had the most interesting cultural experience. That... (Continue reading)

Re-Default Redoux… The Debate Over Loan Mods is as Stupid as Ever.

Re-Default Redoux... The Debate Over Loan Mods is as Stupid as Ever.

Another SIGTARP report shows Treasury knows nothing about loan modifications. Big surprise. Look, stop bothering Treasury... they don't want to know, so leave them alone. ... (Continue reading)

Another Hawaii Homeowner Writes to Thank Me for Helping Her Get a Bank of America Loan Modification

Another Hawaii Homeowner Writes to Thank Me for Helping Her Get a Bank of America Loan Modification

Another Hawaii homeowner writes to thank me for helping her with a loan modification at Bank of America. She's the one who did the heavy lifting, and I'm glad I was able to help push it over the finish... (Continue reading)

“Hardest Hit” Funds Apparently Hard for Government to Spend

 “Hardest Hit” Funds Apparently Hard for Government to Spend

The SIGTARP is talking about the “Hardest Hit Funds,” which were the roughly $8 billion provided by the federal government in the beginning of 2010 to the states hardest hit by foreclosures in order to help their respective housing markets...... (Continue reading)

IT’S DAVID STERN DAY! This Mandelman Matters Podcast is RATED ‘R’ for language.

IT'S DAVID STERN DAY!  This Mandelman Matters Podcast is RATED 'R' for language.

So, what kind of punishment do you think one gets for doing what Stern did... backdating countless assignments, forging anything that wasn't nailed down, and disregarding just about every single law related to foreclosure in the State of Florida? ... (Continue reading)

PODCAST: Saving Homes from Foreclosure in Ohio Today… with Ohio’s Former Attorney General Marc Dann

PODCAST: Saving Homes from Foreclosure in Ohio Today... with Ohio's Former Attorney General Marc Dann

Marc Dann Explains What Homeowners Need to Know About Foreclosure in Ohio... on this 12-Minute Documentary-style Video... When I visited with Marc this past year in his Cleveland offices, I interviewed him on camera in order to produce this 12-minute... (Continue reading)


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