The FL 4th DCA Closes a Loophole Exploited By Foreclosure Mills The Florida 4th District Court of Appeals has handed down a ruling that would end the practice of foreclosure mill attorneys introducing into evidence original copies of undated mortgage notes endorsed in blank after the foreclosure lawsuit is filed. Foreclosure mills in Florida […]
Temporary Reprieve From Tax Auction Doesn’t Solve Underlying Problem As I wrote about last October, Detroit was facing a tax foreclosure epidemic this fall with nearly 62,000 properties heading to tax foreclosure due mostly to deadbeat or absentee landlords not paying property taxes. These landlords would have forced nearly 100,000 people into homelessness. It […]
Wall Street Banks screwed major American cities like Chicago A few weeks ago, Ed Walker at Naked Capitalism wrote a piece about a white paper Saqib Bhatti of the Roosevelt Institute wrote last year detailing how Wall Street Banks screwed major American cities out of much needed cash. Bhatti claimed that cities are getting squeezed because […]
Wells Fargo Continues Its Campaign Of Fear On The Elderly It’s another example of how disorganized Wells Fargo has become. Wells Fargo shocked elderly couple Sheridon and Susan Turner when a process server knocked on their door. The process server informed them that Wells Fargo was suing them for foreclosure. Sheridon and Susan Turner sold the home […]
NYDFS Claims Thousands Of New Yorkers Have Lost Their Homes Because Of Libor Rigging The Superintendent of the New York State Department of Financial Services, Benjamin Lawsky has joined other U.S. banking regulators investigating Deutsche Bank AG for manipulation of the Libor benchmark borrowing rate. This new probe by the NYDFS of the monolithic German […]
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