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 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)
So, there you have it⌠a solid check mark in the âWINâ column for consumers over the interests of the banking industry. And I donât think Realtors, mortgage brokers, or even the banks themselves have come to fully understand... (Continue reading)
Some are starting to worry about what is likely to happen if they let the Actâs tax relief provisions related to foreclosure avoidance expire. I simply donât think thereâs any real chance they wonât extend the Act for at... (Continue reading)
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)
This is not a tragedy that discriminates. The race diminished as a result of what is being allowed to transpire will be âhumanâ. ... (Continue reading)
I think the entire country is under the impression that servicers foreclose because itâs in the best financial interests of the investors, and perhaps sometimes they do⌠but data from this trust and others Iâve looked at, to my way... (Continue reading)
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)
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)
In addition, spurned on by the Fedâs 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)
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)
Itâs like weâre âRisk Junkies.â 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⌠weâve been lied to. ... (Continue reading)
With this report, when your servicer says they canât do something⌠youâll know whether what theyâve said is accurate or not. Imagine the power of being able to show a mediator exactly whatâs been done to modify the other... (Continue reading)
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)
Itâs not a matter of the Diunugala case being considered âbinding authority,â because itâs not. But the question is, will other California courts consider the case persuasive⌠and tend to follow the more established case law. If thatâs... (Continue reading)
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)
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)
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 InteractiveÂŽfor Martindale-HubbellÂŽ found that, looking back three years, 55% of all adult Americans did... (Continue reading)
By now the term "robo-signing" has practically become a household word. But it wasn't always that way. Just a few years ago no one had ever heard the term before. So, where did it all begin... and... (Continue reading)
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)
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 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)
The SIGTARP is talking about the âHardest Hit Funds,â 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)
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)
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)
The U.S. Public Interest Research Group showed that nearly 80 percent of credit reports contained inaccuracies, and the mistakes in a quarter of those could result in the individual being denied for credit. 60 Minutes reported that a government study... (Continue reading)
Writing about strategic defaults for the LA Times this time out was Lew Sichelman, whose ability to remain oblivious to his interweaving of unrelated facts throughout the article was truly something to behold. ... (Continue reading)
The harm caused by our government's abominable handling of the foreclosure crisis... inconceivably made worse the complete absence of any communication on the subject by the Obama Administration... has barely begun to manifest itself let alone be understood... well, seemingly... (Continue reading)
About 18 months ago, I started looking for a company that helped people improve their FICO scores. Not only was I interested in finding out how such services worked for my own personal reasons, but I also figured that... (Continue reading)
I just received the letter below from Melissa... a homeowner who has been reading Mandelman Matters for five years. She just received her second permanent loan modification from Bank of America and is quite pleased with the terms of... (Continue reading)
Portland Maine attorney Thomas Cox is a national hero of the foreclosure crisis. Frankly, I thought everyone already knew that, but apparently not. So, if you aren't already familiar with what Tom has done and continues to do... (Continue reading)
Tweet Stewart, Sawyer and Oathout⌠three Maine homeowners⌠three separate foreclosure cases⌠each dismissed with prejudice, meaning none of the servicers trying to foreclose gets another chance at foreclosure. And Maineâs foremost foreclosure defense attorney, Tom Cox, gets the... (Continue reading)
Here's a Guest Post by Tom Cox in response to a Deadly Clear post, "Is the Promissory Note Even Enforceable?" But the short answer is that the only thing that's deadly clear about the post is that if you try... (Continue reading)
So, now Iâm going to attempt the impossible. Iâm going to show you how to beat back the obstacles to saving more⌠by tricking yourself into saving more⌠painlessly. Without you feeling it at all. Seriously... you... (Continue reading)
Before securitization children were raised receiving fewer presents for their birthdays and holidays and I donât need a source for that statistic. Water is wet, the sky is blue, and thatâs a fact. Hotel rooms never cost $600... (Continue reading)
Dear Richmond⌠Youâre being outright threatened by literally ALL THE MONEY IN THE WORLD, and I donât think thereâs any question that they will, if nothing else, attempt to force you to drop the whole thing by tying you up... (Continue reading)
Chase sold the womanâs loan to PennyMac. Simple as that. Had her modification already been made permanent, PennyMac would have had to honor the modified payment amount, but because she was only in a trial modification, Chase is... (Continue reading)
That's right, as Tom Cox fights to save his client's home from foreclosure, I ask Max Gardner to help us better understand what's going on and why... the background behind Tom's most penetrating arguments... and why it's such a specialized... (Continue reading)
More than any other single factor, shame has made it possible for this country to lose over six million homes to foreclosure... and relative to the number of homes lost, theyâve been lost without a peep uttered in protest. ... (Continue reading)
So, what does the Florida Barâs Rules of Professional Conduct have to say about Szymoniakâs representation of Mr. Figueroa, as viewed in light of the emails between the two, over that six month period when Szymoniak was Damian's lawyer... (Continue reading)
The payment advanced to the trust by a servicer when a borrower fails to make his or her mortgage payment is simply a loan made pursuant to the contract between the servicer and the trust. The trust is only... (Continue reading)
SallieMae is now offering financing for the high costs of... kindergarten? Itâs even marketing loans available for pre-K, which Iâm pretty sure we used to call, ânursery school.â I never thought to ask my mother how much it... (Continue reading)
HUDâs new rules related to reverse mortgages are just a part of those changes made in the wake of the financial crisis and resulting economic meltdown, and in fact, relative to changes made that affect other areas of mortgage finance,... (Continue reading)
Not only will Richard leave listeners with a level of understanding specific to the Glaski decision that would otherwise be unavailable, heâll talk about other recent decisions in California that he says are very important to homeowners... heâll offer guidance... (Continue reading)
I realize that not everyone pays attention to ads, but this is one of those products you'll be glad you found. I thought I'd give everyone a chance to hear about the product from Armor Guard's CEO, Brett... (Continue reading)
Recent estimates are that American consumers owe over $1.1 trillion in such student loan debt, and one look at the cost of college tuition makes it easy to see why. They say the average graduate is coming out of... (Continue reading)
In the past, reverse mortgages were seen as something only to be used as a last resort. But, in the past we had more options for borrowing money. ... (Continue reading)
Look, as a business person, I do understand the impetus here. Bank of Americaâs CEO has a fiduciary duty to maximize shareholder value, and letâs face it... servicing mortgages these days simply canât be worth the money involved. ... (Continue reading)
Regardless of what happens going forward, perhaps this case and related decisions will lead to an increased willingness by state courts to take more care to examine the issues presented by homeowners and their lawyers, and lessen their tendency to... (Continue reading)
At the end of 2010, the interest rate on a 30-year mortgage was just under 5 percent... 4.97% to be more precise. Over the next 28 months actions taken by the Fed pushed that rate down as low as... (Continue reading)
If you want to learn about what happened to Mr. Glaski... how his case went in the lower court... and how it ended up going his way in the Court of Appeal... get the to get inside scoop from... (Continue reading)
So, as a result of this now published decision by Californiaâs Court of Appeal, Mr. Glaski will now be allowed to return to state court to allege that his foreclosure was wrongful based on a challenge to the validity of... (Continue reading)
Iâve learned that the reverse mortgage is one of those products that isnât well understood at least as often as it is. Ask anyone what they think about reverse mortgages, and youâll get answers from one end of the... (Continue reading)
Long-term interest rates rising means different things to different people, but none of itâs good. Higher long-term rates makes it much more expensive for state and local governments to borrow money, and you can probably guess how that would... (Continue reading)
Not surprisingly, the combined effect of the three high-profile reports on borrower performance after having their loans modified, made headlines that have sparked a national debate... yet again. It was a stupid debate back in 2009, and itâs an even... (Continue reading)
He did not take advantage of us, he worked with us without charging us any money! He gave us hope and made our dream come true. Home loan modifications do work you just have to have the right... (Continue reading)
Diane and John Bobek, homeowners in Hawaii that I was able to help with their Bank of America mortgage, writes to thank me. ... (Continue reading)
Iâm watching a fight for millions in cash that involves banks, pissed off ex-bank employees, and class action lawyers... and Iâm supposed to be able to pick out which one is telling the most truth? Isnât that like asking... (Continue reading)
It's far from being the only time I've seen Bank of America do something like this when no one is watching. I truly believe that they made the decision to buy back the Frost's loan from Fannie, because they... (Continue reading)
Ladies and Gentlemen... finally... ... after five years of sheer torture... introducing a âNo-Docâ loan mod. The FHFA says modified interest rates will be FIXED... terms will extend to 40 years... and some borrowers wonât be required to pay... (Continue reading)
What happened here is not an example of homeowners fighting to keep their homes... itâs not an example of foreclosure defense at all. Itâs only an example of how whatâs happening on the homeownerâs side of this fight, can... (Continue reading)
Itâs easy to misinterpret something about this crisis. But, itâs important that we try to guard against that happening whenever possible for all sorts of reasons, not the least of which is that being wrong means wasting time that... (Continue reading)
Being behind on your mortgage is never any fun, but don't listen to those that would have you believe that the loan modification process hasn't changed at Bank of America over the last few years because they're wrong... it's much... (Continue reading)
So, please... accept this invitation from me and from Bank of America... click the link below and make a reservation to attend one of the upcoming homeowner events. Come and meet me and the loan resolution team specialists at... (Continue reading)
No matter, the more important conclusion reached by the report is that, âNearly four years later, the problem shows no signs of abating.â And isnât that just a lovely thought that made me throw up in my mouth a... (Continue reading)
Although Iâm still not sure why, one moment we were packing our home into boxes and the next Bank of America had bought back our loan from Freddie Mac and given us the loan modification we had prayed to get... (Continue reading)
One homeowner that I contacted Bank of America about, a disabled vet, ended up with a fixed interest rate of one tenth of one percent for forty years. And on more than one occasion, I saw the bank buy... (Continue reading)
I wrote this to you and other homeowners because Iâve been a witness to what Martinâs help can lead to and what a homeowner can accomplish even when that homeowner has stopped believing that anything can work. Just because... (Continue reading)
Specifically, the Fifth Circuit held that the split-the-note theory, "is inapplicable under Texas law where the foreclosing party is a mortgage servicer and the mortgage has been properly assigned," adding that, "the party to foreclose need not possess the note... (Continue reading)
why arenât we all saving more? We know weâre not getting younger. Why arenât we all doing more to put money away to ensure a more secure financial future? Maybe not a lot more... but why not... (Continue reading)
I recently saw someone online saying that as a result of multiple insurance payouts a bank could receive millions of dollars on a $200,000 loan that went into default. Itâs just not true. There are lot's of reasons why... (Continue reading)
It's Bill Ashmore, President of Impac Mortgage... answering questions about the ins and outs of mortgage backed securities and the meltdown that began in 2007. ... (Continue reading)
My point is that the increasing sales volume of non-performing loans means the unthinkable... that itâs going to get even worse for homeowners who are seriously delinquent and need to get their loans modified in order to keep their homes.... (Continue reading)
And thatâs not even the worst of it. Sheriffâs auctions in Ohio were up 73 percent in April compared with a year ago reaching the HIGHEST LEVEL IN FIVE YEARS.... (Continue reading)
Reverse mortgages are not going to be an available path for many homeowners facing foreclosure, but for those 62 and older... who have equity in their homes... they can offer an answer and benefits that no other path can provide...... (Continue reading)
I was asked by Janet Reiner to appear on her community access television show about the foreclosure crisis and I agreed. Along with me was John Wright from Piggybank Blog and I think the whole thing is worth... (Continue reading)
So... for California homeowners facing foreclosure... who know the facts and have been unable to get a resolution to their situation... there's the California Homeowner Bill of Rights. Other states are considering adopting the same sort of legislation and... (Continue reading)
So, I know... you want to read about how a homeowner won some major victory in the courts somewhere... or how someone filed and got quiet title to their property... or how a bank couldn't figure out who owned a... (Continue reading)
Understand... Iâm not telling you which path you should choose, but I am saying that you should choose one and then do everything in your power to achieve the goals that lie at the end of that path. Just... (Continue reading)
I think Impac has proven that it has the capability and desire to be a meaningful part of the solution to the foreclosure crisis... they successfully modified tens of thousands of loans, and in general, they got loans modified in... (Continue reading)
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 âjobless recovery,â then you can probably have a... (Continue reading)
RealtyTrac Vice President, the ubiquitous Daren Blomquist, said he had âno immediate concernâ related Connecticutâs newfound foreclosure prowess, which makes perfect sense since heâs not losing a home there. ... (Continue reading)
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)
Or do we only judge a loan to be âbadâ after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan âgoodâ until it defaults and then it becomes âbad.â And is... (Continue reading)
Nevadaâs 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)
It's been 3.5 years since the money was made available. Itâs 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 doesnât work...... (Continue reading)
Unless you believe that the foreclosure picture in this country somehow magically changed dramatically over the last month or two... you donât want to wake up one day to find out you might need mediation... only itâs no longer there.... (Continue reading)
There is one mortgage banker that did it right for their shareholders and borrowers. They didnât 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)
I wish weâd stop with the false bottoms and imaged recovery stories so we could actually concentrate on making some much needed improvements in how weâre handling our economic malaise, because thatâs the only way weâre going to see any... (Continue reading)
I know many have been wondering where Iâve been for the last two months from the slew of emails Iâve received, I thought Iâd explain what I didnât want to explain at the time... and let everyone know that not... (Continue reading)
Tweet This Page Sponsored By… Dale Wiley Foreclosure Law LLC 5049 Devonshire Street Suite B St. Louis, MO 63109 Telephone: (877) 945-3952 Website: http://www.foreclosurelawllc.com/ STATE OF MISSOURI GOVERNMENT RESOURCES: Attorney General Chris Koster Auditor Thomas A. Schweich Department of Economic Development Department... (Continue reading)
Tweet CLICK BELOW FOR: State of North Carolina Foreclosure Laws The link above will take you to the page dedicated to North Carolina’s foreclosure laws. Â But, always remember… often people have a hard time understanding exactly what our laws mean... (Continue reading)
Tweet You have found the Mandelman Matters state specific series of pages dedicated to homeowners at risk of foreclosure in North Carolina. On the pages in this section youâll find accurate, straightforward information and guidance specific to the State of... (Continue reading)
Tweet Brian F. Chapman The Law Office of Brian F. Chapman 113 N. Center St. Suite 103 Statesville, NC 28677 Ph. 704-380-2039 Email: brian@chapmanlawonline.com  To hear talk about the latest developments related to foreclosure in North Carolina⌠as of the... (Continue reading)
Tweet You have found the Mandelman Matters state specific series of pages dedicated to homeowners at risk of foreclosure in Missouri. On the pages in this section youâll find accurate, straightforward information and guidance specific to the State of Missouri... (Continue reading)
Tweet Dale Wiley Foreclosure Law LLC 5049 Devonshire Street Suite B St. Louis, MO 63109 Telephone:Â (877) 945-3952 Website:Â http://www.foreclosurelawllc.com/ Special Mandelman Matters Podcast featuring Dale Wiley... (Continue reading)
Tweet CLICK BELOW FOR: State of Missouri Foreclosure Laws The link above will take you to the page dedicated to Missouri’s foreclosure laws. Â But, always remember… often people have a hard time understanding exactly what our laws mean just by... (Continue reading)
The problem is that when we start believing things that arenât true... even though do so might make us feel better for the moment... thatâs when we lose all of our power. No one is powerful when theyâve got... (Continue reading)
When Countrywide had aspirations to become âGoldman Sachs on the Pacific,â they recruited Michael to help them get there. They may have appeared to understand when Michael spoke of the programs he would initiate, but soon it was quite... (Continue reading)
Okay, so thatâs GAME OVER for the State of Illinois. Ball four... take a hike... weâll see you back here in 2014 or 2015. Take some time off, you deserve it. ... (Continue reading)