Why Isn’t The Detroit Emergency Financial Manager Fighting The Banks Like This Alabama County? JPMorgan Chase agreed to forgive $842 million of debt owed by Jefferson County, Alabama. The new agreement follows a $722 million settlement in 2009 with the U.S. SEC related to the Jefferson County financing. So why isn’t the Detroit Emergency Financial […]
Thanks, Jack! Detroit’s Masonic Temple, one of the largest Masonic Temples in the world has been rescued by Jack White from the band, The White Stripes who donated $142,000 to the to the Masons to prevent it from being seized by Wayne County, Michigan at tax auction. According to the Wayne County Treasurer’s office, the county […]
The FHA Wall was the U.S. Government’s Version Of Apartheid Growing up in the white Detroit suburbs in the 1970s and 1980s, I had never heard of theFHA mandated Birwood Wall until I was in mortgage lending about ten years ago. Up until then. I just thought of it as just a wall. Like many […]
Michigan GOP Sponsored Foreclosure Bills Would Cost Banks Money & Would Not Speed Up Foreclosures As I wrote about last week, the Michigan GOP dominated Michigan Legislature is using legislation written by the Michigan Bankers Association and lobbyists representing foreclosure mill operator David Trott to shorten Michigan’s post Sheriff’s Sale redemption period from six months […]
RE Group With Alleged Ties To Hezbollah & Former Detroit News Reporter Being Sued Three Detroit-based real estate investment firms with alleged ties to terrorist group Hezbollah are being sued by Kathryn Llewellyn-Jones and other investors from Australia, Great Britain and Yemen who claim they are victims of an elaborate Ponzi scheme where defendants would […]
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