May, 2013

Alabama Slamma’ – Not for Better, Far Worse… As Foreclosures we Chart.

Alabama Slamma’ - Not for Better, Far Worse... As Foreclosures we Chart.

We seem to be having a national recovery in much of the media, but in the states themselves the numbers are refusing to cooperate. I guess if you can have a “jobless recovery,” then you can probably have a... (Continue reading)

The Foreclosure Bowl: Connecticut Finally Makes it Into Top 10

The Foreclosure Bowl: Connecticut Finally Makes it Into Top 10

RealtyTrac Vice President, the ubiquitous Daren Blomquist, said he had “no immediate concern” related Connecticut’s newfound foreclosure prowess, which makes perfect sense since he’s not losing a home there. ... (Continue reading)

Foreclosure Surprise! Stomping on Maryland Homeowners

Foreclosure Surprise!  Stomping on Maryland Homeowners

So, how do I know where the other undiscovered and unreported stockpiles of foreclosures are hiding as the banks wait until they feel like recognizing losses, having fixed the document problem to the degree that they can start booting people... (Continue reading)

What Makes a Mortgage a “Bad Loan?” I’m Confused.

What Makes a Mortgage a “Bad Loan?”  I’m Confused.

Or do we only judge a loan to be “bad” after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan “good” until it defaults and then it becomes “bad.” And is... (Continue reading)

Nevada Legislature Considers Passing its Own Homeowner Bill of Rights

Nevada Legislature Considers Passing its Own Homeowner Bill of Rights

Nevada’s legislature is considering adopting its own Homeowner Bill of Rights, and in fact, the bill... SB 321... has already passed the Nevada State Senate and is headed to the House.... (Continue reading)

South Carolina’s Hardest Hit Funds Farce… Failing but Finally Changing?

South Carolina’s Hardest Hit Funds Farce... Failing but Finally Changing?

It's been 3.5 years since the money was made available. It’s time for the programs funded by hardest hit funds to help homeowners... stopping foreclosures with aggressive benefits and inclusive qualifying requirements. Surely we know what doesn’t work...... (Continue reading)

Bill to End Foreclosure Mediation In Missouri Passes… Wake Up, Missouri

Bill to End Foreclosure Mediation In Missouri Passes... Wake Up, Missouri

Unless you believe that the foreclosure picture in this country somehow magically changed dramatically over the last month or two... you don’t want to wake up one day to find out you might need mediation... only it’s no longer there.... (Continue reading)

One Bank Did Right by Homeowners & Shareholders – A Story You Haven’t Heard Before

One Bank Did Right by Homeowners & Shareholders - A Story You Haven't Heard Before

There is one mortgage banker that did it right for their shareholders and borrowers. They didn’t take TARP funds or any sort of tax-payer funded bailout... instead they took their losses, restructured the company, and protected their shareholders... ... (Continue reading)

Denial and Avoidance Won’t Fix Housing or Grow Economy

Denial and Avoidance Won't Fix Housing or Grow Economy

I wish we’d stop with the false bottoms and imaged recovery stories so we could actually concentrate on making some much needed improvements in how we’re handling our economic malaise, because that’s the only way we’re going to see any... (Continue reading)

I’m Back in the Saddle Again… What’d I miss? Nothing, unfortunately.

I’m Back in the Saddle Again... What’d I miss?  Nothing, unfortunately.

I know many have been wondering where I’ve been for the last two months from the slew of emails I’ve received, I thought I’d explain what I didn’t want to explain at the time... and let everyone know that not... (Continue reading)


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