Our government is still making noises about chasing the bad guys, yes, the mortgage monsters who terrorized Michigan, and the rest of the country, with their practices. Making noises, yes. Accomplishing anything? Not so far. image by: Dreamstime What terrifying mortgage practices? Robo-signing is a glaring example of greed overcoming all ethics. From the linked…
Category Archives: foreclosure
Foreclosure Crisis: Government Still Sides WIth The Crooks?
The foreclosure crisis has hit Michigan as hard as any state. Like my boat after a rainstorm, most Michigan homes with a mortgage are underwater, that is, worth less than what is owed on them. Uh, this is not newsworthy. Just today, spoke to a former client who is 64, yes, sixty four months behind…
Surprise: Michigan Mortgage Law Changes Again
Michigan’s foreclosure law changed dramatically a couple of years ago to encourage the evil bankers, uh, sorry, responsible mortgage companies to assist homeowners in keeping their homes. I have seen no statistical studies. Based on what I hear from Michigan bankruptcy and foreclosure clients, not many people actually get modifications out of this process. Like…
Mortgage Meltdown Nightmare
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MERS Wins In Michigan Supreme Court
Hope everyone had as great a holiday as I had, largely thanks to Denard Robinson!!! Back to work. Yeah, the MERS bad guys are smiling over this one. The Michigan Supreme Court, in a 4 – 3 vote, overturned the Court of Appeals decision that MERS did NOT qualify under Michigan law to foreclose by…
Foreclosure Crisis: Top Five Causes
The foreclosure crisis, natural fallout from the bursting of the real estate bubble, affects homeowners in St. Clair Shores and Troy Michigan and everywhere else in our state and country. Why did it happen? Before a bubble can burst, it has to be blown up. As Ron Paul (constantly) says: the Fed! 1. …
Foreclosure Crisis: Michigan Update
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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…
