Michigan Attorney

Author Archives: Kurt O'Keefe

Foreclosure Crisis Remedy – For The Banks!

  The sellout continues, as the state and federal governments appear ready to let the Big Banks off the hook for the foreclosure crisis they caused, which ruined home values in St. Clair Shores and the rest of Michigan. No one has covered the foreclosure crisis like Gretchen Morgenson of the New York Times, whose…

Michigan Foreclosure News

Home prices lowest since 2003, though prices are up in Detroit, and, of course, Washington D.C, home of the political class, which never has a recession. But, median home prices made their biggest drop ever. Detroit prices were so low, they attracted investors from outside Michigan. Or, it could be the proverbial dead cat bounce,…

Mortgage Company Crisis – Time To Cry For The Banks?

Hey, if you’ve read me before, you know the answer:  NO! With the Fed lending the banks money at virtually zero interest, bank profits are high. The foreclosure crisis in St. Clair Shores, MI, and the rest of our country, was caused by the banks who got the government to greenlight their shoddy lending practices…

Foreclosure Rescue Or Scam?

Hey, there is just something therapeutic about me putting this picture up writing about mortgage companies, and, like today, foreclosure scammers, hustlers, con artists, who fleece people after they already lost out to the mortgage industry. Yes, this is a repeat topic, but the foreclosure rescue scams are still out there ripping people off, in…

Michigan Mortgage Refinancing

Let’s stroll down memory lane. Mortgage refinancing was all the rage.  Home prices kept going up, interest rates were going down, you re-financed periodically to cash in home equity, or, just to get lower monthly payments. Then came 2008 and the bursting of the real estate bubble. Home prices crash, mortgage lending standards return, and,…

Michigan Foreclosure: How Long Does It Take?

The short answer is:  the first notice gives you 14 days to request a modification.  If you do that, foreclosure goes off the docket for 3 more months, whether you follow through and give them documents or not.  If there is no modification, and you cannot force one on the mortgage company, they can resume…

Fraudulent Mortgage Documents Flood Michigan

(I just love these guys!) Adolf Ratler and Benito Mouselini, pictured above, are well known robo-signers and purveyors of fraudulent mortgage documents.  Fake notarizations, people signing other people’s names, attesting to facts about which they had no knowledge. Mortgage companies have done this all across the country, including our fair state of Michigan. “– In…

Michigan Foreclosure Crisis – Who Is Accountable?

The Foreclosure Crisis continues, even though mortgage companies are waiting longer than ever to foreclose, even in Michigan, nationally, a now homeowner is now a record 599 days late, on average, before being foreclosed. Readers of my blogs may be tired of my beating on the mortgage companies, chiefly Countrywide, and their executives (two of…

MERS In My Michigan Mortgage

I can’t help it! I like blogging about MERS in trouble, no longer able to foreclose in Michigan. The more MERS (or, the rats) mortgage troubles there are, the better I feel. Almost as good as Verlander starting or Cabrera batting with the bases loaded and no one out. Massachusetts is the latest state to…

More Michigan MERS Misfortunes

I already wrote about the Michigan Court of Appeals decision in the Saurman case, holding that MERS does not qualify under Michigan foreclosure statutes to foreclose by publication. Last week, another Michigan Court of Appeals panel held that the Saurman ruling is fully retroactive, so it applies to any pending action, as well as any…