Florida Bankers Association has Started a New Their Efforts to Put a Stop to Judicial Foreclosures in the State
Wednesday, November 9th, 2011
The banking lobby in Florida with the support of the Governor is trying to do away with the judicial foreclosure system and make it into a non-judicial state. They are blaming the court system for the delay in foreclosing process disregarding the fact that their robo-signing and foreclosure mills are an open secret.
The Federal Reserve Suggests a Rule That Would Put Out of Use The Most Effective Tool in Legal Warfare That The Borrowers Could Use to Ward off Foreclosures
Friday, March 4th, 2011
Tweet A delinquent loan has two sides – the lender who served out the bad loan and the borrower who took it without being a position to repay it. But the banks are looking at one side only – pointing the finger at the borrowers and never at themselves for the foreclosure crisis. The banks [...]
When Foreclosures Threaten It is Imperative to Take Immediate Action and Not Delay
Thursday, March 3rd, 2011
Taking prompt action as soon as foreclosure threatens either in the form of troubled finances or notice from lender can make all the difference between losing and saving the property. In the initial stages there are many options. Banks can be tamed if flaws are noted.
Bank of America’s Suspension of Foreclosures Effect on California
Thursday, November 25th, 2010
Tweet The dramatic turn of events during the last couple of weeks has churned up a tornado in the housing market. The housing advocates had long been complaining that the banks have submitted faked documents with forged signatures to expedite their seizing of millions of properties. But when GMAC Mortgage’s employee admitted to it and [...]
J.P. Morgan Chase Set to Suspend Foreclosures Because of Defective Documents
Tuesday, October 26th, 2010
Tweet One of the premier banks of America, J.P. Morgan Chase has said on 29th September that it will suspend foreclosures in regions covering nearly half of the country because of defective documents. Wall Street experts feel that this step will be emulated by others in the mortgage industry. The decision by Chase will impact [...]
Foreclosure – Get Out While You Can
Friday, October 15th, 2010
Tweet In 2010, the foreclosure rates are simply staggering. There are many people who believed they could work with the bank and figure out a way to make their payments before receiving the foreclosure notices. Then there are those who placed their home on the market in the attempt to unburden themselves of the house [...]
Foreclosure Reversed by JP Morgan Chase
Wednesday, September 22nd, 2010
Tweet JP Morgan Chase foreclosed on a house located in Prince William County occupied and owned by parents of child who was seriously ill. The bank has revered it and come forward to modify the loan said the bank on 17th September Friday. Meanwhile Mike Wales and his wife Kathy are waiting for an attorney [...]
The Financial Bill will not be Able to Avoid Another Foreclosure-like Crisis
Tuesday, September 14th, 2010
Tweet The financial bill, despite the hype, will not be able to avoid another foreclosure-like crisis. There is a general agreement among all sections of experts that the wrong type of incentives result in crises. They are also in one mind about the fact that incentive structures of the finance industry have for a long [...]
A Great Weapon to Fight Foreclosure Is to Ask for the Note
Thursday, April 9th, 2009
Tweet When even the government is failing to stem the tide there is still a way out for the beleaguered individual. A great weapon to fight foreclosure is to ask the lender boldly to show the note. Kathy Lovelace is on of the many first to lose her job and then to cower under the [...]
York Will Require $3 Million to Fight the Blight of Foreclosures
Thursday, February 26th, 2009
Tweet The city officials of York are planning to ask the state for $3 million to fight the blight posed by foreclosures. Last year HUD sanctioned about $4 billion under its Neighborhood Stabilization Program to communities that had borne the worst brunt of the foreclosure attack. York City and County had received their share. York [...]
