Supporting, Informing & Connecting People in Foreclosure

Ace's Blog – April 2011 Archive (33)

Massachusetts homeowners beware...

I got this in an email from Salem MA Registrar of Deeds John O'Brien this am.

Massachusetts homeowners beware

State raises red flags over ‘foreclosure-prevention’ companies…

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Added by Ace on April 29, 2011 at 10:42am — No Comments

Fed's Duke says foreclosure crisis impact and solutions vary by city...

Thursday, April 28th, 2011, 8:34 am

Data collected by the Federal Reserve suggests the foreclosure crisis is impacting cities nationwide, but the solutions to the cities problems are likely to vary.

In other words, a one-size-fits-all strategy will not sort out the foreclosure crisis plaguing Cleveland, Phoenix and Detroit, according to Federal Reserve Governor Elizabeth Duke, who shared some of the Fed's findings on the crisis…

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Added by Ace on April 28, 2011 at 10:43am — No Comments

A Foreclosure Problem Congress Couldn't Ignore...


Iraq veteran and U.S. Paralympic alpine skier Heath Calhoun, 30, walks past the new home that is being built for his family by the veterans group, Homes For Our Troops, and members of his community.…

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Added by Ace on April 28, 2011 at 10:41am — No Comments

Bank of America Said to Target Individual States to Block Foreclosure Deal...

Bank of America Corp. (BAC) was accused by a top official at the Iowa attorney general’s office of engaging in a divide-and-conquer strategy by undermining support for the settlement of a nationwide probe into foreclosure practices, a person familiar with the matter said.

The bank tried to get attorneys general to break away…

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Added by Ace on April 28, 2011 at 12:43am — No Comments

Foreclosure law firm can't be investigated by Florida's AG, court rules...

By KIMBERLY MILLER, The Palm Beach Post

7:18 p.m. EDT, April 27, 2011

Florida's attorney general has no authority to investigate a…

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Added by Ace on April 28, 2011 at 12:39am — 1 Comment

Foreclosure (Dual Track) prevention legislation fails in Sacramento...

A proposed law that would have ended "dual track" foreclosures in California failed to win a key vote in Sacramento on Wednesday.

The California bill,…

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Added by Ace on April 28, 2011 at 12:32am — No Comments

The Evil of the Lesser-Evil Choice...

A government of Courage, Intelligence, Goodwill and...oh yes...Integrity! -- cannot be found within the current partisan design of American politics, nor is such intended by its moneyed masters and our indentured "leaders." Nor, pitifully, will we be led to such by the perhaps innocent precinct-level bunnies of high partisan fervor, or by those who seek shelter and justification under the all too generously provided Lesser-Evil…

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Added by Ace on April 27, 2011 at 12:39pm — No Comments

OR House OKs Bill to Protect Renters in Foreclosures...

From KTVZ.COM News Sources

POSTED: 4:37 pm PDT April 26, 2011

SALEM, Ore. -- The Oregon Senate passed legislation Tuesday that would boost protection of tenants if the property they rent goes into foreclosure.

Senate Bill 491 improves security for tenants…

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Added by Ace on April 26, 2011 at 8:02pm — No Comments

California bill ending 'dual track' foreclosures faces key vote...

Pursuing foreclosure even if a borrower has sought a loan modification has faced criticism. The Senate measure would require a lender to fully evaluate a homeowner for a loan modification first.

By Alejandro Lazo, Los Angeles Times

April 27, 2011

A proposed law facing…

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Added by Ace on April 26, 2011 at 7:59pm — No Comments

Merscorp Mortgage Registry Has Civil Racketeering Suit Dropped in New York...

Merscorp Inc., which runs an electronic registry of mortgages, had a civil-racketeering lawsuit against it voluntarily dismissed.

The plaintiffs, who accused the company and its Mortgage Electronic Registration Systems of forcing false foreclosures in New York state, reached an undisclosed settlement with the Steven J. Baum PC foreclosure law firm in Amherst, New York. U.S. District Judge…

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Added by Ace on April 26, 2011 at 3:05pm — 1 Comment

Opinion: One Law for the Banks, One for the Rest of Us...

By R. William Potter, April 25

Are the big banks simply immune from the law, despite all the robo-signing fraudulent foreclosures that have rocked New Jersey's real estate markets and forced thousands out of their homes?

While the jury is still out…

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Added by Ace on April 25, 2011 at 9:42am — No Comments

OH - Owner wins mortgage case...

WARREN - In the midst of a soaring caseload that amounts to about 1,500 foreclosure cases a year in Trumbull County alone, it was the little guy who scored a recent victory over a mortgage holder, who even got hit with punitive damages on a counter claim.

Court magistrates, who handle the bulk of the foreclosure actions for judges, say the homeowner winning out over a bank or mortgage holder is unusual. But lawyers representing the homeowners are becoming more skilled in the defense…

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Added by Ace on April 25, 2011 at 9:26am — No Comments

Court system races to clear cases, denies homeowners fair chance...

In the face of a foreclosure court system in Lee County that is stacked against homeowners, hardworking Floridians such as Georgi Merrigan don't stand a chance.

Merrigan found herself in financial trouble after she left her paramedic job to care for her husband, who had suffered severe injuries in a car accident.

Although she now holds four jobs and is studying for a nursing degree, there was a time in…

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Added by Ace on April 25, 2011 at 9:16am — No Comments

FL - Local 'robo-signer' alleges her signatures were forged...

By Kimberly Miller

Palm Beach Post Staff Writer

West Palm Beach resident Liz Mills learned she was a robo-signer when a friend suggested she search her own name online.

On foreclosure blogs and in at…

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Added by Ace on April 25, 2011 at 9:11am — No Comments

How Many VA Foreclosures...are Frauds?...

April 25, 2011

RICHMOND, Va. - The tale of bogus Virginia bank documents used to kick people out of their homes after foreclosure reads like a mystery novel, with a very unhappy ending. The document in question in Virginia is called an Appointment of Substitute Trustee.

Read The Rest Here...

http://www.publicnewsservice.org/index.php?/content/article/19657-1

Added by Ace on April 25, 2011 at 9:04am — No Comments

Goldman's Alpha War...

Steve Friedman’s decision to quit as chairman of Goldman Sachs, in 1994, during one of its darkest hours, stunned and angered his partners. And despite Friedman’s maneuverings, it created a leadership crisis as the mismatched team of Jon Corzine (future New Jersey governor) and Henry Paulson (future Treasury secretary) took the helm. In an adaptation from his book on Goldman, William D. Cohan reveals how secret merger discussions put the expansive trader and the hardheaded banker on…

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Added by Ace on April 24, 2011 at 3:13pm — No Comments

Viewer Stories: Housing Market Victims...RE Foreclosure...

Ashley from Cleveland, Ohio I have two house payments. We put our first home up for sale in May 2007, which we lived in for 10 years prior, we moved to another home in Sept 2007. We have had a few offers, but it appears buyers out there just want something…

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Added by Ace on April 15, 2011 at 9:48pm — No Comments

Banks’ request in foreclosure cases struck down...

A U.S. District Court judge’s decision Friday struck down a request by two banks to make Fort Lauderdale law firm Ben-Ezra & Katz stop withdrawing from foreclosure cases.

Its So Sad what these Banksters will do...

Foreclosure leaves North Palm couple's belongings on street for thieves...

NORTH PALM BEACH—

Code enforcement officials responded on Friday to protect furniture and other personal items that eviction officials had placed in the driveway of a Lighthouse Drive home.

"People were like buzzards around fresh meat," said Chuck Huff, community development director for…

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Added by Ace on April 15, 2011 at 9:32pm — No Comments