Category: Foreclosure
Financial Reform Doesn’t Address Our $10 Trillion Problem
George Gombossy asked for my thoughts on the new financial reform legislation. I have many, which I intend to share periodically going forward. But I think it’s important to place the legislation in the context of the big picture, which for me is framed by the numbers. The financial crisis was caused by the rise [...]
Confessions From Debt Collectors
Thanks to CNN for its interviews with former and present debt collectors, giving us a clue to what makes these people tick. Check out the story of these people. Like, Mel Harsh, a debt collector for 20 years, with only one week left with an auto finance company. “I was absolutely ruthless when I first started [...]
Why The Rich Default On Mortgages: Because They Can In Calif and Arizona
Why throw away good money after bad?
It’s a frequently-asked question in the five most expensive real estate markets in the mainland United States–San Jose, San Francisco, Orange County, Los Angeles and San Diego–where over a million home mortgages are under water.
A Critical Question For Connecticut Gubernatorial And Legislative Candidates: How Ct Will Pay Its Bills
As the election heats up, I hope people in Connecticut will demand that the gubernatorial as well as legislative candidates provide us with SPECIFIC information on what they are going to do to deal with our massive fiscal problems, both those are are with us today and those looming not that far away – pension [...]
BOOK REVIEW: Dave Lieber’s Watchdog Nation
Book reviewer Maggie Dwyer writes that since she has turned to the award-winning book, Dave Lieber’s Watchdog Nation: Bite Back When Businesses and Scammers Do You Wrong, ”I have changed my phone company, my electric company, and my Internet service. In those few acts alone, I’ve paid for the book several times over.” In this review, she gives many examples about how this book has changed her life and those of her friends for the better. She’s a true citizen of Watchdog Nation!
FBI Arrests Prominent People In New Haven In Massive Mortgage Fraud Case
The New Haven Independent reported today that “federal agents charged 15 people—some of them prominent local figures—with undertaking massive mortgage fraud and moved to take control of 51 blighted New Haven properties Thursday, as the government’s response to the aftermath of the foreclosure crisis took a new legal turn.” “The feds’ charges were laid out [...]
Homeowners Spend Mortgage Payments Instead Of Paying Banks
Thousands of homeowners underwater on their equity have stopped making mortgage payments, not because they don’t have the money, but because they feel they can get away with it. As banks and other lenders face millions of potential foreclosures, they are in no rush to take over single family homes and condos for a variety [...]
YouWalkAway.com: What Has Been Your Experience With YouWalkAway
A lot of media has interviewed the owners of YouWalkAway.com, the Internet company that claims to help homeowners with potential foreclosure issues. But I have yet to see a comprehensive story on the company. If you have had positive or negative dealings with YouWalkAway.com, please share your experience with us.
Courant Losing Some Foreclosure Ads After Disclosure It Took Advantage Of Victims
State judicial officials have started reducing the number of foreclosure ads required to be published in The Courant after CtWatchdog disclosed that the nation’s oldest newspaper was charging victims of foreclosure higher advertising rates than they do for anyone else. Hartford Superior Court Judge Julia Aurigemma has already directed some lawyers to use the Manchester [...]
Courant Foreclosure Ads: More Expensive For Victims Than Identical Ads For Anyone Else
The Hartford Courant is the only daily newspaper in Connecticut that charges a higher rate for victims of foreclosure than for anyone else purchasing similar ads in its Sunday real estate section. That information was contained in a document the Connecticut Daily Newspaper Association sent to state judges this week. After I disclosed the discrepancy, [...]
Sponsors
