Tag Archive: bank of america

Dec 28

Congress, Fannie, Freddie, & The FBI Say Bah-Humbug Homeowners

Federal Regulators Refuse to Reduce Principals Lately even the White House has come to accept that principal reductions may be the only way to get many homeowners above water again. Owning about half of the country’s mortgages, Fannie Mae & Freddie Mac, along with the Federal Housing Finance Agency, are in the perfect position to …

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Dec 13

Foreclosures Resume Despite Mounting Outcry

Bank of America, soon to be followed by the rest of America’s major lenders, have found nothing wrong with their foreclosure processes and have now received an okay from Fannie & Freddie to resume. And yet on October 15th, Maria & Jose Perez of Seguin, Texas, filed for a restraining order against Bank of America …

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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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