“Large numbers of people who have ‘lost’ their house through foreclosure have actually realized a profit because they carried out refinancings earlier that gave them cash in excess of their cost,” Buffett, chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A), said Feb. 25 in his annual letter.“In these cases, the evicted homeowner was […]
March 4, 2012
It is the law in the State of Florida that a thief can steal your home. This is the law of the banks. This fact should be quite disturbing to every single person in America, and especially to every single person in the State of Florida, but not at all surprising. All of America is […]
March 3, 2012
“I’m from The Bank” By Wrongedfellow With our smart phones we roam the ‘burbs Taking photos of houses from the curb “Who is that?” – you draw a blank Don’t be alarmed – I’m from the bank I’ll stop by each month for a visit My job’s to report if somebody’s in it They only […]
February 21, 2012
Imagine buying a house then finding out years later that someone else claims to own the land under your home. That’s what happened to a St. Petersburg woman. Now she faces a lawsuit and threats that. via Toxic Titles | Imagine Buying a House then Finding Out Years Later that Someone Else Claims to Own […]
February 21, 2012
U.S. Housing Secretary Shaun Donovan is playing Julie the Cruise Director on the Titanic, telling everyone ‘Don’t worry, there’s no icebergs in these waters. Really, if you see any floating ice in front of us, it’s not the visible tenth of a catastrophe to come.’ Unfortunately ice is visible, it is an iceberg, and the […]
February 21, 2012
You did read the report out of California, right? 80+% of the foreclosures have indications of fraud and nearly half of the so-called resales of homes where title changes hands appears to have had a grantor that didn’t have an interest in the title itself read: the transfer was in fact a transfer of nothing, […]
February 19, 2012
Banks are demonstrating that if you have enough money and influence, you’re not expected to follow the same laws as everyone else. For several years, I have been writing that extreme economic inequality is among the most destructive forces in a society. As inequality grows, it undermines the effective functioning of the economy, the basic […]
February 19, 2012
homeowners this week when he alleged the mortgage industry’s nationwide recording system violates state law and leaves homeowners at risk of fraud and multiple debts. In a case before the Washington Supreme Court, McKenna said that actions by the Mortgage Electronic Registration Systems Inc. violate Washington’s deed of trust and consumer protection laws. He said […]
February 19, 2012
Here’s a bombshell: the San Francisco City Assessor commissioned a serious audit of foreclosure documentation filed in the past few years. The audit examined 400 foreclosures. It found problems with 85% of them, often multiple problems. What’s more, some of the problems are pretty serious as they implicate not only borrowers’ rights, but the integrity […]
February 19, 2012
Anecdotal evidence indicating foreclosure abuse has been plentiful since the mortgage boom turned to bust in 2008. But the detailed and comprehensive nature of the San Francisco findings suggest how pervasive foreclosure irregularities may be across the nation. The improprieties range from the basic — a failure to warn borrowers that they were in default […]
March 4, 2012
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