Monday 12th May
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Are Mortgages Fraudulent? The Case from Credit River.
Written on 25 Jan, 2013 at 20:22
It's perfectly understandable that many people don't know what to believe anymore, after all, what we've seen happen all around us could drive anyone a little batty. But, understand that holding onto something that's not true isn't going to... (Continue reading)
O.C. Superior Court Judge Agrees State Bar WRONG on SB 94, But…
Written on 25 Jan, 2013 at 7:11
Apparently, Orange County Superior Court Judge William H. Monroe is not only a judge and a lawyer, but he's a READER too! And one might think that lawyers all over California would be popping open the champagne... or at... (Continue reading)
GUEST POST: Runaway Train: Civil Code Section 2944.7 and the CA State Bar
Written on 25 Jan, 2013 at 6:38
So here we are a year later. Like a runaway train, the State Bar is moving full speed toward a unstated goal that is inconsistent with the public interest: no lawyers available for borrowers who need assistance.... (Continue reading)
The Quiet Crisis, Part 1. A Foreclosure Bluesical by Mandelman Matters
Written on 22 Dec, 2012 at 15:42
Over time, I hoped, as people came to understand what had actually happened, they would let themselves off the proverbial hook, and once not bound by shame, they would speak out and when in great enough number, our leaders would... (Continue reading)
Attorney Bruce Levitt on Saving Homes from Foreclosure in New Jersey – A Mandelman Matters Podcast
Written on 17 Dec, 2012 at 11:22
New Jersey foreclosure defense attorney Bruce Levitt on this Mandelman Matters Podcast tells you what's working and what's not... and how he thinks you are most likely to save your New Jersey home from foreclosure.... (Continue reading)
California State Bar RECENT Decision to Cause More Harm to Homeowners in Foreclosure
Written on 1 Dec, 2012 at 22:30
The recent decision by the state bar court now effectively prohibits the charging of fees by lawyers even AFTER services have been completed. Yes, you read that correctly... lawyers can't take advance fees, nor can they be paid after... (Continue reading)
HOMEOWNER FORECLOSURE SCAM ALERT!
Written on 25 Oct, 2012 at 23:07
If you receive a solicitation that looks or says anything like what you see below, DO NOT RESPOND TO IT... IT IS A FRAUD... IT HAS NOTHING TO DO WITH THE ATTORNEY GENERAL OFFICE. ... (Continue reading)
LPS Data Shows Ups and Downs of the Foreclosure Crisis
Written on 23 Oct, 2012 at 17:59
LPS also reports that as of September, 3.7 million loans were at least 30 days delinquent, but not yet in foreclosure.... and 1.53 million loans were at least 90 days delinquent, but not yet in foreclosure. Almost two million... (Continue reading)
Feds Crack Down on 530 in Foreclosure Rescue Biz – And 21 Tips for Not Getting Scammed
Written on 12 Oct, 2012 at 22:38
Using the combined resources of federal, state and local law enforcement, the initiative targeted perpetrators both criminally and civilly, and led to 285 federal criminal indictments and another 110 federal civil cases, and criminal charges were filed against 530 defendants.... (Continue reading)
California’s Attorney General Offering Free Foreclosure Review to Homeowners
Written on 12 Oct, 2012 at 8:59
I'm not saying it'll be enough, or it'll be fair... but it will be something. No amount of money can truly compensate you for what you lost... but maybe just the acknowledgement by the Settlement Monitor and AG's office... (Continue reading)
The Foreclosure Crisis – We Won’t Be Able to Fix It, Until We Understand It
Written on 10 Oct, 2012 at 6:26
By understanding the truth of what happened and why at these two pivotal moments in time, everything else will fall into place, for it was these two moments that set the course for a global economic downturn that, if history... (Continue reading)
Katherine Porter to Make Sure Homeowners Get What Servicers Promised – A Mandelman Matters Podcast
Written on 4 Oct, 2012 at 9:27
Back in April of this year, they were granted 180 days to get their servicing operations ready to comply with the new standards, and as of yesterday, they'll be held to the 304 new rules for addressing the needs of... (Continue reading)
It’s National Mortgage Servicers Settlement Compliance Day!
Written on 3 Oct, 2012 at 18:32
Per the settlement agreement, Smith will be testing the servicers adherence to the new rules using 29 defined metrics to assess such breaches as improper trustee sales, wrongful denial of modification, the use of fraudulent affidavits in the foreclosure process,... (Continue reading)
Loan Modification Process Improving at BOA and Other Servicers
Written on 19 Sep, 2012 at 5:46
why would Smith publish a report whose only meaningful certainty was to scare even more homeowners away from paying attention to Bank of America's borrower outreach efforts? BOA and its peers were already having a hard time reaching... (Continue reading)
Loan Modifications Stop Foreclosures, Study Shows. DOER ALERT!
Written on 29 Jun, 2012 at 9:33
Don't have time right now? MAKE TIME RIGHT NOW. Read this and DO SOMETHING.... (Continue reading)
OCC Raises the Stakes to Lure Homeowners? Right?
Written on 25 Jun, 2012 at 17:30
Anyway, so that's the deal... $500 to $125,000... PLUS EQUITY! It makes it sound like the worst you can do, assuming you get past the qualifying round, is the $500, right? Five hundred's not bad, I suppose. ... (Continue reading)
California State Bar Court Lacks Fundamental Knowledge of Loan Modifications
Written on 24 Jun, 2012 at 4:52
Your state assembly representative and state senator needs to hear from you on this issue. You should care a great deal that you have access to legal counsel should you decide you want or need it... no matter what...... (Continue reading)
Through a Glass Darkly – The State Bar’s Lack of Transparency On Loan Mod Lawyers
Written on 21 Jun, 2012 at 22:13
What the state bar is left with are not the lawyers that SB94 was intended to address but a target nonetheless because of SB 94's overly broad and possibly unconstitutional remedy... lawyers simply caught up in the loan mod dragnet.... (Continue reading)
Things I think homeowners should know about loan modifications & HAMP-2
Written on 14 Jun, 2012 at 6:58
I'm not saying that HAMP is the best solution I could come up with, but under the circumstances, I don't see anything better... or frankly anything close as far as keeping people in homes. I end up helping a... (Continue reading)
WARNING! HOMEOWNER SCAMMER ALERT – MY IDENTITY IS BEING USED ILLEGALLY
Written on 9 Jun, 2012 at 2:32
If someone has told you that I am involved in a loan modification law firm or any other type of operation, asking that you pay him or her money to get your loan modified, it is a SCAM. ... (Continue reading)
HAMP 2 is HERE – Some say it’s the best HAMP yet, and they’re probably right about that.
Written on 9 Jun, 2012 at 0:48
This newly renovated version of HAMP has been touted as being a major improvement to the HAMP program, and in many ways it is significantly better. ... (Continue reading)
Attention Hawaii Homeowners with Bank of America and Ocwen Loans… Let Me Help
Written on 5 Jun, 2012 at 3:20
I'm never going to claim that I'm perfect, and I know that not every home can be saved. But I can tell you that I would never lie to a homeowner at risk of foreclosure. And if I... (Continue reading)
A New Low for the California State Bar – HOMEOWNER & LAWYER ALERT!
Written on 29 May, 2012 at 15:24
Homeowners should take great care when hiring a lawyer for any reason. And I HATE it when anyone gets ripped off for anything, especially when their home is on the line. But this article is a blatant attempt... (Continue reading)
What’s wrong with your loan? Jay Patterson on a Mandelman Matters Podcast
Written on 19 May, 2012 at 20:26
Jay Patterson teaches lawyers how to use the SEC Edgar database, among others, in order to find out who owns a loan. How to identify the trust a loan is in and find the Pooling and Servicing Agreement. how... (Continue reading)
Wells Fargo gives $22,000 to Suicide Hotline… A gift the bank can use too.
Written on 16 May, 2012 at 13:01
Wells Fargo "stepped up" with a $22,000 "gift." Is that how that should ideally be phrased? I suppose it's fine. But, having spent the last few days writing and talking about Norm Rousseau, who took his own... (Continue reading)
Attention Homeowners & Lawyers: AG Mortgage Settlement Launches Online Complaint Sites
Written on 11 May, 2012 at 7:02
I for one am glad to see that this country is finally taking the foreclosure crisis seriously and that my tax dollars are being put to good use, and I really do hope that everyone take advantage of the new... (Continue reading)
California Homeowner in Foreclosure Wins Quiet Title – It’s a Free House!
Written on 7 May, 2012 at 7:11
For one thing, filing quiet title did work out well for Denise Saluto, and since I would never have predicted it happening in her case, I'm certainly not going to tell you it won't happen again in yours, because as... (Continue reading)
Debt Forgiveness – The IMF, Iceland, and the U.S. of the 1930s all say it works
Written on 7 May, 2012 at 6:25
Iceland's mortgage write-down program happened as a result of thousands of its citizens taking to the streets demanding that something be done about the debts the people had incurred buying homes during the bubble at what turned out to be... (Continue reading)
Loan Modifications and the Right to Representation
Written on 5 May, 2012 at 12:48
Originally posted in May of 2009… why it’s still a question in our society is beyond me. As a citizen of the United States, I think you have a right to legal council and representation. That right is enumerated... (Continue reading)
DOER UPDATE: Patricia Martin v. Wells Fargo – Court Grants Injunction, Injustice on Trial Ahead
Written on 1 May, 2012 at 8:06
Zanides estimates that the bank has spent a significant amount already on legal fees and now is certain to spend a whole lot more. Patricia Martin's home is worth no more than $275,000. How can it be worth... (Continue reading)
Phoenix Officers Who Shot Homeowner Needed Better Training
Written on 18 Apr, 2012 at 3:15
First of all, I realize that I wasn't there. And I understand that the guy had a beer in one hand and a gun in the other. But he was obviously thinking pretty clearly... after all, a couple... (Continue reading)
Hawaii Court rules: No valid assignment means Deutsche has no standing to foreclose
Written on 5 Apr, 2012 at 21:59
Last week, Hawaii homeowners at risk of foreclosure had reason to be pleased. Not ecstatic… not jubilant… and certainly not electrified, as other bloggers have intimated might be appropriate. The decision is not cause for any of those emotions… there’s... (Continue reading)
MUST SEE TV: WA State Supreme Court Hears Arguments in Case Against MERS
Written on 29 Mar, 2012 at 11:07
The video below puts you in the courtroom to watch as both sides of the debate present oral arguments related to MERS' involvement in the foreclosure process in front of the nine justices of the Washington State Supreme Court.... (Continue reading)
California Bill to Extend SB 94 to 2017
Written on 20 Mar, 2012 at 12:47
California State Senator Vargas has introduced SB 980, which would extend SB 94 through 2017.... (Continue reading)
OneWest Bank DOES IT for Lisa in Massachusetts! (DOERS ROCK!)
Written on 7 Feb, 2012 at 15:44
Plus, in Massachusetts, do you know how they do it? They auction the home off right on the soon to be ex-homeowner's front lawn, for all to see. I'll tell you what... that is some 17th century nonsense... (Continue reading)
Thank You Wells Fargo… Signed the DOERS of Mandelman & Field
Written on 31 Jan, 2012 at 19:28
Ooops, you did it again! Yes, it's true... Wells Fargo contacted Tom and Jeneane up in Granite Bay, California mid-day today to let them know that their SALE DATE of February 3, 2012 HAS BEEN POSTPONED. ... (Continue reading)
Our DOERS DID IT Again… One West Bank Stops Sale in East!
Written on 30 Jan, 2012 at 15:37
DOERS... you did it again. That's 7 out of 7 DOERS... we really are DOING it and making a real and very meaningful difference not only for the homeowners whose homes we've saved by helping them get sustainable loan... (Continue reading)
Bank of America Does the Wright Thing – DOERS Did It Again. JOIN US, BE A DOER!
Written on 26 Jan, 2012 at 6:23
By mid-day on Tuesday, Bank of America had responded to say they were looking into it... and by 4:30 PM that same day Bank of America DID THE WRIGHT THING, and gave Mr. Dale Wright his home back... from a... (Continue reading)
Bostwick Putting SB 94 and California State Bar on Trial
Written on 24 Jan, 2012 at 8:13
Even some of the people involved in the drafting of California's Senate Bill 94 ("SB 94") back in 2009, recognized that it wasn't going to fix or stop the problems it was addressing, and there's no question that it was... (Continue reading)
DOER ALERT: Dear Bank of America…
Written on 23 Jan, 2012 at 20:03
The man's wife passed away in 2006. They were married for 53 years. Your bank explained that a request for postponement went in on the 23rd of December 2011 on a loan which Bank of America agreed to... (Continue reading)
Calling All Lawyers to 5,000,000 Crime Scenes
Written on 20 Jan, 2012 at 10:21
Consider this... bankers say that they've been overwhelmed by the millions of homeowners unexpectedly seeking loan modifications and that's why applying for a loan modification has been such a nightmare. But, what about the number of foreclosures occurring in... (Continue reading)
OhioFraudclosure Blog Warns… Fannie & Freddie Eviction Moratorium Ends January 3rd
Written on 30 Dec, 2011 at 2:49
So, below is a video that Marco just put together. It's dramatic... disturbing even. It includes footage of the sheriff coming to evict a family, obviously without notice... or at least without adequate notice. Marco put the... (Continue reading)
ALJAZEERA… The year’s top story is not getting coverage…
Written on 29 Dec, 2011 at 19:51
ALJAZEERA: "If you want to find out about this story of the year and years past, in all of its disgusting detail, you can't just trust major media. You have to read Matt Taibbi in Rolling Stone, a music magazine,... (Continue reading)
GUEST POST: Welcome to Freddie and Fannie’s Mortgage Shell Game, By Shawn T. Newman, J.D.
Written on 12 Dec, 2011 at 20:30
Fannie and Freddie actually had a policy stating that they didn't want to receive the physical "notes?" This "policy" was created by Freddie and Fannie and clouds who actually has legal title to the property (i.e. mortgagee) and who... (Continue reading)
Mandelman’s Monthly Museletter – Version 16.0
Written on 30 Nov, 2011 at 17:15
In this edition you'll find: 1. Robo-signing KILLS... 2. OCC proposes credit rating duties go to banks - A real conversation with a banker-friend of mine. 3. PMI Files Bankruptcy - Regulators step in and take over yet another mortgage... (Continue reading)
Professor Learns the Hard Way About Loan Modifications at Bank of America
Written on 15 Nov, 2011 at 22:38
MEMO TO BANK OF AMERICA... Why do you do these things to me? I was just sitting here minding my own business, perfectly content to write about Chase or Wells or anything else for that matter... but no, you... (Continue reading)
Bull… meet China Shop. SB 94 and the California State Bar, Two Years Later
Written on 30 Oct, 2011 at 8:25
At the California State Bar Association's 84th Annual Meeting, September 17, 2011, Susan Anderson presented what she said is the bar's official interpretation of SB 94, precluding a lawyer from being paid for services related to a loan modification until... (Continue reading)
Mainstream media waking up to foreclosures being a big problem – And by big problem, I mean Geithner
Written on 25 Oct, 2011 at 17:41
I'm not sure what to say to that, now that I've read Zach's article and been shown more of what went on behind closed doors at the Obama White House. That mistakes were made is abundantly clear, but even... (Continue reading)
Obama’s New Plan to Help Housing Isn’t Worth Waiting For
Written on 22 Oct, 2011 at 8:17
Even Edward J. DeMarco, acting director of the independent Federal Housing Finance Agency says his fix will be more of a tune-up than an overhaul, with reduced "frictions" and "enhancements."... (Continue reading)
From Bevilacqua to Fontenot, It’s Coast-to-Coast Confusion
Written on 20 Oct, 2011 at 18:38
As shocking as it may be to some, apparently if you start with MERS, mix in some robo-signing, have total disregard for the PSA, and entirely ignore each and every law along the way, well... you end up destroying the... (Continue reading)
Only One Paycheck Away from Disaster… No kidding, really? Go figure.
Written on 5 Oct, 2011 at 17:19
Since then, we've been bubbled into financial ruin. We bought high and sold low, until our 401(k)s turned into 201(k)s, and then we doubled down on shares of Pets.com, never bothering to question how the company planned to deliver... (Continue reading)
Bank of America approves permanent loan modification. Homeowner makes payments. Trustee sale set Oct. 19th.
Written on 28 Sep, 2011 at 21:18
Let's hit this one out of the park for Cynthia in Knoxville, shall we? Come on... did you have a frustrating day? Me too. So, here's something to take all that frustration out on, what do you... (Continue reading)
Hard Truths Block Solutions to Foreclosure Crisis – But, I have the answers that will fix it.
Written on 26 Sep, 2011 at 0:59
BUT... the odds are that they won't win their lawsuits, their legal arguments will not prevail and ultimately they will lose their homes to foreclosure. Many arrive in court having not made a mortgage payment in several years, and... (Continue reading)
We’re Simply Not Going to Win this Battle in Courts Alone…
Written on 14 Sep, 2011 at 19:01
We plan to release the final film by the end of this calendar year. This is an election year. We can't afford to wait. Please help me change how this country views the tragedy that is the... (Continue reading)
Upcoming Max Gardner Seminar: UCC’s Impact on Securitization and Foreclosure Defense
Written on 3 Sep, 2011 at 5:06
Max Gardner, along with his faculty of expert guest speakers, will be delivering two specially designed in-depth sessions each one laser focused on the topic of the UCC's impact on mortgage securitization - and each of the seminars is specifically... (Continue reading)
Mandelman on Arizona’s Channel 12 NBC News… And other news.
Written on 25 Aug, 2011 at 14:00
While in Phoenix filming a documentary on the foreclosure crisis, I got a call from NBC Channel 12 reporter Melissa Blasius who said she had heard I was in town and wanted to feature what I was doing in one... (Continue reading)
A Walk Down Memory Lane With President Obama & the Mortgage Crisis
Written on 12 Jul, 2011 at 18:00
As a result, homeowners who begin the process of obtaining a loan modification with expectations largely set by the President, are likely to be disappointed at the outcome, regardless the outcome. ... (Continue reading)
GUEST POST: Stop HAMP Discrimination Against the Disabled and the Elderly
Written on 30 Jun, 2011 at 18:46
Retirees and the handicapped experience higher living expenses, including home maintenance, spiraling healthcare costs, utilities, and other expenses associated with age, disability, and/or deteriorating health. That fact progressively reduces their disposable income and ability to make mortgage payments. ... (Continue reading)
GUEST POST: President Obama, please don’t let them take Grandma’s house!
Written on 17 Jun, 2011 at 21:00
A Guest Post by Chicago attorney, Rick Rogers of Rogers Law Group. Rick and I met last year when we attended Max Gardner's Boot Camp in North Carolina last year; we actually shared the Riverview Cabin on Max's ranch... (Continue reading)
Treasury Official: “HAMP’s Incentives Meaningless” – SO, PROGRAM WASTED $560 MILLION?
Written on 9 Jun, 2011 at 21:59
If that's the case, and I have no reason to believe that it isn't, then I would only like to suggest that perhaps some of the millions eligible for withholding could have been withheld prior to paying them the $560... (Continue reading)
Marques LIVES! Homeowner wins, then loses, then WINS!
Written on 25 May, 2011 at 8:11
Okay, so Mr. Marques is nothing if not persistent, apparently, and God bless him for that, because this time out... his third time at bat... he hits one out of the park! ... (Continue reading)
Governor Abercrombie Signs SB 651 – Toughest Foreclosure Bill in Nation NOW LAW!
Written on 6 May, 2011 at 0:17
The new law makes mediation prior to foreclosure MANDATORY if requested by the borrower, and requires mortgage servicers attempting to foreclose to submit to the mediation board, 14 days prior to mediation, proof that the chain of title is intact,... (Continue reading)
The Impassioned Words of Rep. Bob Herkes & Sen. Roz Baker on SB 651
Written on 4 May, 2011 at 19:39
My heartfelt thanks goes out to Rep. Herkes and Sen. Baker... the people of Hawaii are very lucky to have you serving in their state's legislature. My sincere hope is that you will be recognized for your work so... (Continue reading)
BREAKING NEWS: HAWAII PASSES SB 651 – NATION’S TOUGHEST FORECLOSURE BILL
Written on 3 May, 2011 at 23:43
It's official! Just hours ago, the Great State of Hawaii's legislature has passed the nation's toughest foreclosure prevention bill, SB 651. The bill proved to have overwhelming support, with the senate voting to pass the bill, 23 to... (Continue reading)
Mandelman’s Monthly Museletter – Version 11.0
Written on 18 Mar, 2011 at 9:31
Inside this month's Museletter: 1. FDIC Sues 3 Top WaMu Executives. 2. American Banker Reporting "Lack of Leadership" is the Problem. 3. Video by North Carolina Realtor Says it All About BofA. 4. New Report Should Be... (Continue reading)
The Psychology and Politics of Foreclosure
Written on 7 Mar, 2011 at 7:00
Of course, there are times when more stuff happens to more people, and today is obviously an example of such times. The economic conditions that we're experiencing today are causing more foreclosures than at any time since the 1930s. When... (Continue reading)
Homeowner Suffers Horrific Injustice at the Hands of JPMorgan Chase
Written on 4 Mar, 2011 at 12:46
We're not people who simply decided to skip out on our mortgage. We did everything as upright and by the book as we were instructed to do by Chase yet we still lost our home. On the day they took... (Continue reading)
In Re Walker, Part Deux – March 3rd, 2011, may just be a HUGE day for California Homeowners
Written on 1 Mar, 2011 at 20:11
So, Citi's lawyers filed a new proof of claim... and Ricki Walker's attorney, Mitchell Abdallah, filed a new objection, so Judge Sargis will once again have a chance to uphold the rule of law and change the playing field for... (Continue reading)
Guest Post: Principal Reduction Modification Math, by Rick Rogers, JD/MBA
Written on 27 Feb, 2011 at 10:57
This report will compare the Net Present Value (NPV), of standard Home Affordable Modification Program (HAMP), modifications with Principal Reduction Alternative HAMP (PRA HAMP) modifications. If the mortgage principal balance on a home exceeds 115% of its market value,... (Continue reading)
Is HAMP Poised to Improve in Year 3?
Written on 27 Feb, 2011 at 6:53
Laurie, as "the architect" of the HAMP program, are you aware that these servicers you're pandering to at the Mortgage Bankers Association conference, have been nothing short of torturing America's homeowners relentlessly, mercilessly, and without rhyme or reason for three... (Continue reading)
Bankers Apoplectic Over Arizona’s Republican Dominated Senate Passing Chain of Title Bill, 28-2
Written on 24 Feb, 2011 at 23:37
The only reason this bill is being pushed through the Arizona legislature is that one of that state's senators actually tried to rescind her own predatory loan and found out first hand what it's like to have to deal with... (Continue reading)
Hawaiian Homeowners Pay Unexpected Visit to Bank of America in Honolulu
Written on 17 Feb, 2011 at 8:26
You know... I've been wondering when the Hawaiians were going to get into the game on this loan modification foreclosure thing and there you have it... and they brought Valentine's Cards and sang a song. ... (Continue reading)
CalHFA’s $2 Billion Home Rescue Program… Here’s How Stupid They Think We Are.
Written on 10 Feb, 2011 at 10:14
You see, it's a very well thought out no-lose proposition, this new California foreclosure rescue program... because if the banks refuse to participate in it, which would kill the whole principal reduction aspect of the plan, it's really not a... (Continue reading)
A San Diego Attorney Speaks Out on How SB 94 Has Taken Legitimate Lawyers Away from Homeowners
Written on 9 Feb, 2011 at 9:58
SB 94 is simply a law written by the Senate Banking Committee to make it next to impossible for a homeowner to hire a lawyer when at risk of foreclosure. I bet the banks wish they could have passed... (Continue reading)
Tomorrow, February 3rd, is Call Your Attorney General Day to Get Tough on Foreclosure Fraud!
Written on 3 Feb, 2011 at 18:59
Tomorrow is call your Attorney General Day nationwide. I need you to take action here... it's time to be heard. The foreclosure crisis must be stopped and servicers must be held accountable for their crimes.... (Continue reading)
Mandelman’s Monthly Museletter… Version 10.0
Written on 3 Feb, 2011 at 6:25
1. California's ex-AG, Governor Jerry Brown Settles Countrywide Suit for $6.5 million. 2. Mandelman ADMITS HE WAS WRONG About AZ's Foreclosure Program's Potential. 3. Wall Street Journal: $135 Billion for Bankers in 2010... Breaks Previous Record Set in 2009.... (Continue reading)
California Appeals Court Rules Homeowners Can Sue Banks for Fraud Over Broken Loan Modification Promises
Written on 29 Jan, 2011 at 9:36
See... this is an excellent example of why I'm starting to think we've become too civilized a society. I was born back in Brooklyn, New York, I mostly grew up in Pittsburgh, and my wife's from the City... (Continue reading)
Do you need a lawyer to get a loan modified?
Written on 24 Jan, 2011 at 7:13
Qualified (and of course ethical) lawyers are infinitely better than the vast majority of homeowners for the same reason that I'm afraid of my wife, but I'm not afraid of yours... do you know what I mean by that? ... (Continue reading)
How Banks View Loan Modifications
Written on 23 Jan, 2011 at 13:29
They're manipulating you into feeling ashamed for being in trouble on your mortgage... but don't let them make you feel that way. It's not your fault... it's the banks that wear the black hats in this horror movie, make... (Continue reading)
UNDERSTANDING MARS – A Webinar on the FTC’s Final Rule – With Compliance Attorney, Julie Greenfield
Written on 23 Jan, 2011 at 11:00
Mandelman Matters decided to produce this important Webinar because this new Final Rule is something with which EVERYONE involved, either directly or peripherally, in helping consumers avoid foreclosure will need to understand inside and out. This new federal rule applies... (Continue reading)
Mass Hysteria – The Iabanez Decision by the Massachusetts Supreme Court
Written on 22 Jan, 2011 at 10:50
The bankers have blown it, and they've blown it big. To me it looks like there are multiple swords hanging over the heads of the too-big-to-fail crowd. They report fake earnings based on suspended accounting rules... they lie... (Continue reading)
U.S. Breaks Housing Price Decline Record Set During Great Depression
Written on 14 Jan, 2011 at 20:36
According to RealtyTrac, 1,050,500 homes we repossessed by banks last year.So, for those that think foreclosures are somehow a good thing, I guess congratulations are in order. For those not afflicted by such diminished cognitive abilities, I can only... (Continue reading)
Max Gardner Coming to Las Vegas: OPERATION STRIKE BACK THE BANKRUPTCY & FORECLOSURE BOOT CAMP
Written on 12 Jan, 2011 at 11:33
Max Gardner is Coming to Las Vegas... Friday, February 18, 2011 at 7:00 PM -through- Monday, February 21, 2011 at 3:00 PM to prepare troops for OPERATION STRIKE BACK... THE BANKRUPTCY AND FORECLOSURE BOOT CAMP. I've attended Max's Boot... (Continue reading)
The Orange County Bar Association’s LAST DASH 2011! Mandelman, Greenfield & Bellicini – Continuing education for attorneys offering loan modifications has never been this good!
Written on 12 Jan, 2011 at 11:08
Mandelman, Greenfield & Bellicini will address updated Obama Administration HAMP Modification Guidelines and non-HAMP programs offered by Servicers to assist financially-distressed homeowners along with addressing the compliance issues for attorneys who want to handle Mortgage Loan Modifications as part of... (Continue reading)
Finally, Housing Market Analysts Starting to Get It
Written on 8 Jan, 2011 at 21:47
Housing prices may someday be high again, like the way they were a few years ago, but that's a subject for the next generation, or even the one after that. It's not something for me, at 49 years old...... (Continue reading)
Ohio Judge Follows JPMorgan Chase’s Advice, Ends up in Foreclosure
Written on 8 Jan, 2011 at 1:09
Judge Sikora, who was elected in 2008 as president of the Ohio Association of Juvenile Court Judges, said he was surprised when right smack dab in the middle of his negotiations with JPMorgan Chase, the bank went ahead and filed... (Continue reading)
SIGN THIS! StopServicerScams.com Petition Will Go to Geithner, Bair, Bernanke, and Walsh!
Written on 4 Jan, 2011 at 0:45
PLEASE SIGN THIS yourself... but also could you please put in the extra effort and forward it to everyone you know that will also want to sign it? PLEASE? Post it on your Facebook page, your LinkedIn page...... (Continue reading)
Foreclosures Increase 11.2% in Third Quarter over Second Quarter of 2010. And that means…
Written on 30 Dec, 2010 at 8:18
Oh joy! Foreclosures should be peaking next year! Well there's something to look forward to, wouldn't you say? Why will they be peaking next year, you may wonder? Well, I'm forecasting they based on the current... (Continue reading)
Two Years Waiting for the New York Times to Write About Lawyers & Loan Modifications, and they Still GET IT WRONG.
Written on 28 Dec, 2010 at 13:04
Can you hear me now? Is that doing it for you? The facts about California attorneys who offer to assist homeowners with loan modifications as presented in the New York Times story are just plain WRONG. ... (Continue reading)
How to Tell Legitimate Loan Modification Firm from an Illegal Operation or Scam… The FTC’s New Bright Line MARS Rule
Written on 6 Dec, 2010 at 13:55
The facts of the matter today as related to the foreclosure crisis and loan modifications, however, could not be considered positive, I'm afraid. Help does not appear to be on the way, or on the horizon. As inconceivable... (Continue reading)
FTC Moves to Protect Homeowners With New MARS Rule – Regulates Loan Modifications Nationwide
Written on 20 Nov, 2010 at 6:53
In fact, in California specifically, where there is already a state law governing advance fees, known as SB 94, lawyers will see very little change when the new FTC rule takes effect at the end of this calendar year. ... (Continue reading)
IT’S BACK & IT’S HERE: Mandelman’s Monthly Museletter – Version 9.0
Written on 19 Nov, 2010 at 16:55
1. Help is NOT on the Way... 2. Go see the documentary "INSIDE JOB"... if it's not already too late. 3. One and Done... I Agree... Obama Shouldn't Run in 2012. 4. The Government is Launching Criminal Probes Into... (Continue reading)
Chief Judge Gonzalez calls WaMu’s Conduct “Immoral, Unethical, Oppressive, Unscrupulous or Substantially Injurious to Consumers” (You go, Your Honor.)
Written on 10 Nov, 2010 at 0:18
Now, tell the truth... I'm not saying that this is what happened next, but what if I told you that the next thing that happened was that Khast bought a handgun and shot a banker in the head, would you... (Continue reading)
Why Servicers Foreclose When They Should Modify… YAWN.
Written on 8 Nov, 2010 at 19:36
So, I have bad news... help is not on its way. No one is going to do anything to make this situation better. It's up to us and us alone. In my mind this is war, people,... (Continue reading)
Howie Hubler’s Loan Value Group… Proof That Wall Street Has No Idea What’s Happening on Main Street
Written on 1 Nov, 2010 at 9:13
Want to know who Howie Hubler is? Did you read Michael Lewis' book, "The Big Short," because if you did, you might remember Lewis mentioning a bond trader at Morgan Stanley that lost the investment bank $9 BILLION... more... (Continue reading)
Foreclosure Fraud: Tough Issues With Which to Grapple
Written on 30 Oct, 2010 at 20:37
Just in case any children are reading this, and one never knows about such things, forgery and perjury are never found on the right path to follow when attempting to cover up, flagrant and immeasurable fraud and massive malfeasance, boys... (Continue reading)
Mandelman’s Uncommon Advice for Getting Through the Loan Modification Process Without Losing It
Written on 17 Oct, 2010 at 8:06
There's no point in sugarcoating this... getting a bank or mortgage servicer to agree to modify a mortgage is never a pleasant experience. In fact, it's pretty much horrible, even when it's good. You may finish the process... (Continue reading)
THE SiGNiNG… Or, Pardon me, Mr. Banker, but your REMIC is showing.
Written on 10 Oct, 2010 at 10:11
So, why didn't the bankers assign the loans to the trusts? I don't know... for sure. But I'm going to go out on a limb here and tell you it's because they wanted to borrow against them, and... (Continue reading)
Report Shows Treasury Disagrees With Loan Mod Decisions at Chase, Wells & BofA – Requires Servicers to Make Changes Going Forward
Written on 27 Sep, 2010 at 23:55
Well, in the August HAMP Report, which is published monthly by Treasury, is a chart that shows that Treasury has disagreed with a higher than average number of the decisions being made by CHASE, Wells Fargo and Bank of America.... (Continue reading)
Federal Court: Borrower is INTENDED 3rd Party Beneficiary of HAMP – Homeowner Sues for Breach
Written on 25 Aug, 2010 at 6:57
Potential Game-Changer Alert... District Court Judge Says Homeowner is the Intended Third Party Beneficiary to the contract between Fannie and servicers... and that means the right to sue yours.... (Continue reading)