How to explain home foreclosure to your children

Losing a home to foreclosure is a nightmare for adults, but for children it can take an emotional toll that lasts a lifetime. According to RealtyTrac, the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago, with an anticipated 1-million bank repossessions in 2010. The […]

Who has a deeper sense of fairness, a mortgage banker or a chimpanzee?

Jeff Wise, BigMoney.com In this corner, Pan trogolodytes, or the common chimpanzee. In the other, an American mortgage banker. Which has a more highly evolved sense of fairness? Thanks to a combination of psychological experimentation and economic happenstance, the truth can now be known. In effect, both chimpanzees and bankers have been made to take to […]

Loan auditors seek errors that may delay foreclosing

Loan auditors like Steve Dibert said it’s been tough getting documents from a lender. He has launched investigations involving Wachovia, Hudson City Savings Bank in New York and more than a dozen loan modification companies. By: Terry Sheridan terry.sheridan@incisivemedia.com Amid growing efforts to help homeowners avoid foreclosure, loan auditors are elbowing for a seat at […]

Foreclosure Defense 101 Lesson 2: Mortgage Electronic Registration System

Foreclosure Defense 101 Lesson 2: Mortgage Electronic Registration System AKA MERS There’s been a lot of chatter on the web lately about the Mortgage Electronic Registration System aka MERS. The Mortgage Electronic Registration System and the role in note assignments and foreclosures.  Most of the chatter is coming from mortgage activists and amateur lawyers. They have just […]

Wall Street says Hey, Main Street We’re Taking Your Jobs!

Wall Street Traders Tell Main Street To Quit Complaining  One of my contacts on Wall Street sent me a copy of this email that has been floating around. Let me know if anyone knows who wrote this. I want to hire them as a writer for this site. I like their in-your-face style! To Main Street […]

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