MFI-Miami

economic meltdown

Miami Ghetto loans

U.S. Supreme Court Rules No More Second Lien Stripping In BK

Justices Side With Bank Of America’s Fantasy That Second Lien Stripping Is Unnecessary Because Property Values Will Rebound To Antediluvian Levels The U.S. Supreme Court dealt a killer blow to homeowners in bankruptcy Monday by ruling that homeowners who declare bankruptcy can’t void a second mortgage through Second Lien Stripping even if the home is underwater and is worth […]

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loan mod scam

Detroit Lawyer Busted For Running Loan Mod Scam

Attorney Steven Ruza Accused Of Victimizing 143 Homeowners In Loan Mod Scam A suburban Detroit attorney is facing up to 20 years in prison for operating a loan mod scam. Steven Barry Ruza is being charged with 30 felonies including racketeering. Ruza allegedly raked in hundreds of thousands of dollars. He also allegedly victimized three

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Detroit Lawyer Busted For Running Loan Mod Scam Read Post »

Elizabeth Warren

Portfolio Recovery Slapped With $83 Million Verdict

Portfolio Recovery Was Found Liable For Malicious Prosecution And For Violating The Fair Debt Collection Practices Act   A jury in Missouri recently awarded $251,000 in damages to Maria Guadalupe Mejia Alcantara, who was wrongfully sued by a debt collector, Portfolio Recovery. The jury also awarded her an additional $82.99 million in punitive damages assessed

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Portfolio Recovery Slapped With $83 Million Verdict Read Post »

Foreclosure Mill Practice

Florida’s Infamous Rocket Docket To Die July 1st

Now Bad Foreclosure Lawyers Won’t Have The Rocket Docket As An Excuse For Losing Florida’s infamous Rocket Docket, the streamlined, high-speed processing of foreclosure cases will be disappearing starting July 1st, after six years as the number of new cases continues to decline. After June 30, The Florida Legislature is no longer funding a statewide

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Florida’s Infamous Rocket Docket To Die July 1st Read Post »

Fox News Scientologist

Fox News Scientologist Blasts DOJ Deal

Fox News Scientologist Greta Van Susteren Goes Off About The DOJ Settlement W/ Banks Over Libor Rigging Watch the latest video at video.foxnews.com I normally don’t link to Fox for their news stories because as we all know the information Fox “News” puts on the air isn’t exactly news. However, there seems to be a

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Fox News Scientologist Blasts DOJ Deal Read Post »

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