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Share Photo Alan Cleaver via Creative Commons License Since I’m writing a book about money, friends often take me aside and ask what I recommend to deal with debt. Before this out-of-balance system made itself obvious, many of us created debts — now old debts — that we’re struggling to clear. Others of us — [...] October 27th, 2010 | Tags: bankruptcy, banks, debt, debt-relief, debt-settlement, financial-crisis, financial-industry, fraud | Category: Original articles |
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Permalink Share It is next to impossible to track down good reputable sources about debt settlement or bankruptcy these days, with all the articles out there trying to lure your business. I’ve done my best to compile a healthy list here. Do your research before deciding which route to take. If you want some rallying reasons to clear [...] October 27th, 2010 | Tags: bankruptcy, debt, debt-relief, debt-settlement | Category: Original articles |
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Permalink Share The snowball keeps rolling. On Friday (again waiting until the end of the week for the big news), Bank of America halted foreclosures across all 50 states — more lenders no doubt soon to follow their action. The New York Times reports: The plan swept states with some of the highest foreclosure levels, including California, [...] October 9th, 2010 | Tags: DOCX, foreclosure, foreclosure-proof, fraud, LPS | Category: News posts |
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Permalink Share The tide is turning. The shakeup ongoing from recent court cases that have uncovered the extended fraud in the foreclosure industry has given long-battered homeowners newfound power and resolve. On Wednesday, the Home Defenders League launched in California to help homeowners keep their homes and to call on Gov. Schwarzenegger to halt foreclosures in California. Today, [...] October 8th, 2010 | Tags: foreclosure, foreclosure-proof, fraud, home-defenders-league | Category: News posts |
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Permalink Share I’m not the only one seeing that the major disturbances coming to light in the foreclosure world are not mere surface tremors, but indicate a deep faultline that, as it keeps opening, just may cause the entire industry to fall into the sea. Wall Street wants us to move along, nothing to see here. Firms [...] October 5th, 2010 | Tags: ellen-brown, fed, foreclosure, foreclosure-proof, fraud, JPMorgan-Chase, MERS, neil-garfield | Category: News posts |
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Permalink Share Over the weekend, the AP reported that a Wells Fargo executive admitted back in May that he robo-signed up to 150 documents a day, yet that bank is still resisting halting foreclosures. A foreclosure case in Florida involving IndyMac/OneWest Bank was thrown out due to a robo-signer and lack of standing to foreclose. Saturday, [...] October 4th, 2010 | Tags: foreclosure, fraud, OneWest-Bank, robo-signers, Wells-Fargo | Category: News posts |
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Permalink Share Update: BofA waited until the end of the day today to announce it was also halting foreclosures in 23 states. From San Francisco Chronicle: The move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the information in them. Due to the [...] October 1st, 2010 | Tags: bank-of-america, BofA, foreclosure, foreclosure-proof, fraud, GMAC, JPMorgan-Chase | Category: News posts |
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Permalink Share The foreclosure suit heard round the world … the court battle of one Florida homeowner’s foreclosure is calling into question the integrity of thousands of foreclosure notices issued by JPMorgan Chase. The latest: robo signers: document processors who sign off on 10,000 or more documents a month without actually reading them. The Huffington Post reports: Lawyers [...] October 1st, 2010 | Tags: foreclosure, foreclosure-proof, fraud, JPMorgan-Chase, robo-signers | Category: News posts |
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Permalink Share To follow up my post yesterday, Rep. Alan Grayson (D, FL) posted a video today echoing the major impact of recent MERS [Mortgage Electronic Registration System] court rulings and suits. He explains in detail and with examples the racket that is the foreclosure industry, calling it a “factory of fraud.” The implications of the [...] October 1st, 2010 | Tags: alan-grayson, foreclosure, foreclosure-proof, fraud, MERS, mortgage-electronic-registration-system | Category: News posts |
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