Above is not my idea! From frustrated left-wingers, I believe. I have been swamped with Chapter 11 cases, and have missed blogging. I hope to resume my regular pace, at least once a week. Jean Brachauer, a member of the NACBA board of directors, that is, National Association of Consumer Bankruptcy Attorneys, (of which I…
Category Archives: foreclosure
Foreclosure Crisis: Not For The Big Banks!
Time for my (at least) weekly rant about those Big Bank villains who brought us the foreclosure crisis, TARP, and, so much more! Hit and run today. Usually, I pick a few stories from the week to link to. It is just overwhelming now, so, I am going to throw in as many as I…
Foreclosure Fraud: Deal, Or No Deal?
This being an election year, our trusted (?) servants are shouting to the heavens about the fantastic deal they made for us with the mortgage industry rats who ruined the economy. image by: dreamstime I try to follow these events closely; this deal with the foreclosure industry has been rumored for months, on again, off…
Terrifying Mortgage Practices
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…
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…
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. …
