Articles Posted in Bankruptcy

Florida has earned the dubious honor of being number one in the nation for foreclosures filed against families.  Florida has more than twice national average of foreclosure activity.  And if that wasn’t bad enough, those figures came from a housing data firm, RealtyTrac, which reported Palm Beach County’s October 2012 foreclosure starts at 925 while the Palm Beach…

In the fall of 2010, after years of tireless work by foreclosure defense attorneys and citizen activists, the media finally shed light on what is widely known as robosigning.  Robosigning is a dismissive term for the widespread manufacture of evidence, including real estate document fraud and forgery by banks, in order to fraudulently claim the…

David Dayen has a fantastic post up on Firedoglake.com debunking all the much celebrated recent good news in the media on housing issues. Headlines proclaim home sales are up, prices are up, bidding wars, realtors going door to door begging people to sell, inventory down, home-builder industry exuding “confidence”. On the ground, we know what’s…

Got mortgage servicing abuses? Got foreclosure fraud? Got bank break-ins? Got gut wrenching run-around? Got a modification yanked out from under you? Got misapplied payments? Got bogus, unexplained fees on your mortgage statement? The new consumer regulatory agency, Consumer Financial Protection Bureau (CFPB) is up against tremendous vitriol from Wall Street and bank-puppet politicians.  Unfortunately,…

Amy Johnson, now 93 and facing foreclosure, thought the loan she purchased from Lehman Brothers, the now disgraced and defunct investment bank, was a fixed mortgage loan for $140,000.  She and her late husband hadn’t had a mortgage on the home since they’d paid it off sixty years ago.  After her husband died, she was…

Professor Mary K. Ramirez wrote a white paper in 2011 titled Criminal Affirmance.  She writes, “Recent financial scandals and the relative paucity of criminal prosecutions in response suggest a new reality in the criminal law system: some wrongful actors appear above the law and immune from criminal prosecution.  As such, the criminal prosecutorial system affirms much of the…

Six Easy Steps to a Government of the Banks, For the Banks, By the Banks Maintain a spinning revolving door between big finance and legislators, law enforcers, and regulators to ensure friends are in powerful positions. Fund an army of lobbyists ready to provide rapid-response, detailed, Wall Street-friendly analysis of proposed legislation and regulation (here,here, here,here, etc). Horde of academics-for-hire to…

On September 27, 2012, there will be a hearing on the motion to form an official borrowers’ committee for any person with a GMAC originated or serviced mortgage, GMAC foreclosure fraud, GMAC modification fraud, GMAC real estate document fraud. September 27, 2012 at 10:00am U.S. Bankruptcy Court for the Southern District of New York “Bankruptcy Court” Courtroom 501…

America’s economic crash was caused by financial industry middlemen.  They sold hundreds of mortgage-backed investment scams to pension funds, 401k managers, municipalities, non-profit endowments, and international investors like small towns in Europe.  The investment scams, bonds based on fraudulent ratings and assurances of soundness, seemed to be a safe, secure a way to earn money. …

If at any time since the year 2000, you purchased an American home financed with a mortgage, you most likely will have a MERS(Mortgage Electronic Registration Systems) or MOM(MERS as Mortgagee) Mortgage. If you are in South Florida, you can look up mortgages online on the following County Official Records websites: Palm Beach County Broward…