Florida Man Gets Free House Thanks to David Stern’s Ineptness

Roger Bull, Florida Times-Union Perry Laspina was in the middle of foreclosure with the possibility of losing the house he owned in Jacksonville. Then the mail came one day in late January telling him that the house was his. Despite the $72,000 mortgage that he barely paid anything on, despite the foreclosure … the house […]

Office of the Comptroller of the Currency may pursue its own foreclosure pact

Joe Rauch & Dave Clarke, Reuters The primary regulator for the largest U.S. banks is preparing to move ahead on its own settlement with lenders over foreclosure practices and may announce a deal in the next few weeks, according to a source familiar with the process. The Office of the Comptroller of the Currency’s possible […]

Michigan Treasury

Force Placing Escrows Is About Greed Not Taxes and Insurance

 Force Placing Escrows By Lenders Is Form Of Mortgage Fraud   Since starting MFI-Miami almost three years ago, my staff and I have reviewed nearly 800 mortgage files and in nearly 70% of those files were the homeowner’s lender force placing escrows. “Never ask when you can take” –Ferengi Rule of Acquisition #52 One of […]

Massachusetts Courts to Banks on Foreclosures: The Law Matters

Richard Zombeck, Huffington Post On Friday the Massachusetts Supreme Judicial Court upheld a controversial decision by Land Court Judge Keith C. Long, who ruled in the case of two Springfield, MA homeowners that the foreclosures were invalid because the mortgages were not officially recorded as being owned by the foreclosing banks, US Bancorp and Wells […]

Merry New Year! Beef Jerky Time!

Happy New Year Everyone! It looks like 2011 will be an exciting year. “For they have sown the wind, and they shall reap the whirlwind.” – Hosea 8:7 The Massachusetts Supreme Court is supposed be handing down a ruling on the Ibanez/Larace case in the next 45 days.  I spoke to several attorneys in Massachusetts […]

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