Politicians Still Looking for Foreclosure Solutions So far foreclosure hearings are still being canceled in large amounts in Florida as elsewhere, as banks are forced to review thousands of foreclosures for bad paperwork. This has resulted in select cases being thrown out, but mostly has cast many struggling borrowers deeper into limbo as it becomes …
Category Archive: Mediation Lifeline
Oct 25
Banks Mostly Ignoring Robo-Signing Problems
Banks Mostly Ignoring Robo-Signing Problems The country’s largest lender has already completed its review of over 102,000 foreclosure filings and claims to have found no evidence of wrongdoing whatsoever, having only checked for any owners that were not actually under default. This is a very mixed message however, since the real problem raised by the …
Oct 20
Mediation: Finding Order in The Chaos
Mediation: Finding Order in The Chaos Recently interviewed by the BBC, one Florida foreclosure attorney explains the foreclosure crisis in stark terms: “This is no different from Bernie Madoff signing documents for trades that didn’t occur…It is literally defrauding the legal system and it’s done with impunity on a systematic basis.”
Oct 04
Foreclosure Monster Turns on Its Master
Nationwide, the fraudulent foreclosure nightmare that has haunted homeowners for years is now getting awareness, attention, and reaction. With each successive corporate statement and homeowner lawsuit, the momentum to restore the rights of the borrower grows. In fact, as foreclosures are grinding to a freeze, the right to enter mediation has also helped homeowners still …
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