A friend asked me what I thought of this blog post on MERS, the self-designated "nominee" on millions of U.S. mortgages. Golly, I have been screaming about MERS for years. Well, not to everyone, I ...
Category Archives: Uncategorized
HAMP Foreclosure Prevention Failing
Well, we cannot file this one under news. HAMP failing is the topic of an Arthur Delaney story in the Huffington Post. As well as numerous rants, about failed government policies on mortgages and foreclosure, on this ...
Download PDF Version Top Ten Things To Do When You Get A Foreclosure Notice
1. Keep the foreclosure notice! 2. Write to the address in the notice requesting a modification. Keep a copy of the letter. (Do this even if you have been rejected before.) 3. Get all the papers with your mortgage, payments letters, everything, and put it in a file or envelope. 4. Write a letter to the mortgage company ...
Download PDF Version Special Investment Vehicle
Special Investment Vehicle, or SIV, is accurately defined in this blog post by Bill Fleckenstein. They were devised as a way to conceal risk from regulators, investors, anyone actually. Being "special", as in the recurring comment of the Church Lady on Saturday Night Live: "Isn't that special?" they were ...
Download PDF Version The Working Class Exists To Keep The Bankers Rich
David Cho of the Washington Post reports on the success of Wells Fargo, J. P. Morgan Chase, Citigroup and Bank of America in dominating the credit market, thanks to our government. I have been screaming "No Bailouts!" for over two years. However, the Banks appear to have bought ...
Download PDF Version Free Mortgage Modification Counseling List
MSHDA LIST OF MORTGAGE MODIFICATION COUNSELORS
Download PDF Version Can Michigan’s New Foreclosure Law Help Me Stay In My Home?
Yes, Michigan's new foreclosure law has a number of provisions helpful to homeowners. Even if you cannot afford to pay, the new law gives you an extra 90 days to stay in your home, simply by requesting a meeting with the mortgage holder or servicer. You should go to the Michigan State Housing Development Authority, or
Download PDF Version Wells Fargo Bank Sues Itself
Your tax dollars at work. I suppose as a lawyer, I should applaud them for hiring one firm to file the complaint, and another to defend it. I swear, I do not make this stuff up. I posted earlier on Wells Fargo foreclosing, taking over a house, then suing to have ...
Download PDF Version How can RESPA (Real Estate Settlement and Procedures Act) Help Me?
RESPA is a law enacted in the 70s to protect homeowners when buying a home. The anti-kickback provisions have not been enforced as I would have liked, but, it is still my favorite law. It is a fee shifting statute, so, if you win, the bad guy pays your ...
Download PDF Version Foreclosure Rates, Going Up^
Foreclosure rates continue to escalate, my prediction? We are not even close to the bottom. All four new folks I talked to Monday were unable to pay their mortgages, but not being foreclosed on yet.
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