Signs the American Sheeple are Beginning to Wake Up, Hopefully...

By Mike Stathis

 As the U.S. economy continues reveal its true colors now that the economic stimulus…

Fri, 06/03/2011 - 9:12am

BABBITT, MINN.- “I walked through our kitchen area and there was a bright glow. It got my attention immediately,” said Gary Vogt, owner of the Northern Lights Lodge & Resort. The bright glow Vogt saw was the massive fire burning at the Timber Wolf Lodge near Babbitt early Thursday morning.

“When I got there, all that was standing was a…

Bank of America began 107 years ago in San Francisco as Bank of Italy. It was founded to help immigrants who could not get bank accounts in other banks. Today, it is the largest bank holding company in America and the second largest bank by market capitalization, which means the share price times the number of shares that have been purchased in a publicly traded company. It has branches in 150 countries and “relationships” with almost every major company in the world. It is the fifth largest…

Saturday, June 04, 2011, 3:00 PM

Oregon's topsy-turvy foreclosure ride has taken a few more rolls in recent weeks as one large lender filed a flurry of new foreclosure starts, bucking a national trend.



Nationally, newly launched foreclosure actions dropped 14 percent in April, according to Realty Trac Inc.



Not in…

And no real explanation either...

Jun 2, 2011

Curran

Foreclosures will continue to be handled by the Lake County Sheriff’s Office after the Illinois House rejected a bill in the final hours of the recently ended legislative session that would have allowed banks to choose private firms.…

A settlement between a coalition of federal and state agencies and banks over foreclosure practices will come in a “matter of weeks,” Shaun Donovan, secretary of Housing and Urban Development, told the Los Angeles Times.

Donovan’s agency is involved in the negotiations with the banks, which also…

Published: Tuesday, May 31, 2011, 3:15 PM     Updated: Tuesday, May 31, 2011, 4:18 PM

A bid by major financial institutions to retroactively waive Oregon recording requirements blocking foreclosure sales appears in jeopardy but will get at least one more day, a legislative leader says.



The Oregon House Judiciary…

Men inform cops, break into foreclosed house

The Tennessee General Assembly is moving closer toward reducing the number of newspaper notices lenders are required to run before foreclosing on a home.

State Sen. Jack Johnson, R-Franklin, and State Rep. Jimmy Matlock, R-Lenoir, filed companion bills that originally sought to reduce the required…

OAKLAND, Calif.,  May 5, 2011 /PRNewswire-USNewswire/ --The seven-member California Senate Banking Committee rejected SB 729 yesterday, a simple bill designed to reduce wrongful foreclosures and hold banks and servicers accountable for wrongdoing.

The Rest of the Story...…

In some cases, banks are repossessing luxury homes. In others, owners are walking away from million-dollar mortgages.

The view from Nicolas Cage's former home in Las Vegas Ronda Churchill/Bloomberg

By John Gittelsohn…

ForeclosureWarehouse.com recently reported that in April, the top five states with more foreclosure opportunities were California, Florida, Colorado, Arizona, and Georgia. From March to April, only Florida saw a decrease at -12.07 percent in foreclosures. California foreclosures increased 4.95 percent, Colorado was up 13.98 percent, Arizona was up 11.96 percent, and Georgia was up 7.22 percent.

Borrowers lost 1.67 million homes in 2010 as some 27 percent of U.S. mortgage holders were…

http://www.baycitizen.org/housing/story/angry-homeowners-arrested/

By NICK TIMIRAOS

Moves by banks to ditch law firms snared in the "robo-signing" mess are spreading delays and confusion to borrowers, while angering judges grappling with thousands of foreclosure cases now trapped in limbo.

The trouble began when U.S. banks and government-owned mortgage giants lost confidence in some law firms that handled a huge volume of…

Americans know that banks have mistreated borrowers in many ways in foreclosure cases. Among other things, they habitually filed false court documents. There were investigations. We’ve been waiting for federal and state regulators to crack down.

Prepare for a disappointment. As early as this week, federal bank regulators and the nation’s big banks are expected to close a deal that is supposed to address and correct the scandalous abuses. If these agreements are anything like the…

By David McLaughlin

(Updates with judge’s comment in seventh paragraph.)

April 7 (Bloomberg) -- Bank of America Corp., the biggest U.S. lender by assets, asked a court to throw out a complaint that accuses it of violating obligations to homeowners seeking to modify mortgage loans and avoid foreclosure.…

 The ACLU filed a writ, or request, to the Second District Court of Appeal in Lakeland to remove the case of Georgi E. Merrigan, 40, and place it instead in the regular circuit court system. Merrigan, a former paramedic who left her job to care for her…