Tag Archive: dual-track foreclosure

Oct 06

Join the homeowners occupation movement

blog4

A volatile stock market, a financial sector is scrambling to stay afloat, and anti-bank animosity is pouring out in the streets of America. It’s looking like 2008 all over again! But perhaps the main lesson to get out of the new “Occupy Wall Street” occupation movement is that the ’08 financial crisis never ended – …

Continue reading »

May 12

Underwater Kingdom

Zillow’s report on house prices for the first quarter of 2011 were released today, and the report shows a real-estate market that is perhaps in its worse state of crisis yet. Several reviews of this report still have the nerve to use terms such as “recovery” and claim that prices will hit the bottom soon. …

Continue reading »

Apr 18

Another “Foreclosure Prevention Bill;” Does It Have What It Takes?

“This foreclosure crisis affects all of us – homeowners, families, neighbors, and state and local governments. It is clear that the current system isn’t working and unfortunately federal regulators have filed to bring meaningful reform to the mortgaging servicing….Ending the foreclosure mill requires stronger oversight, streamlined modification procedures, and meaningful penalties when servicers break the …

Continue reading »

Feb 14

Banks Asks Their Victims To Come Back For More

Bad Business In 2010, Bank of America paid out $137 million to settle accusations of “defrauding schools, hospitals, and dozens of state and local government organizations via misconduct and illegal activities involving the investment of proceeds from municipal bond sales.” Investigations continue against bank employees, but the banks’ business has continued unaffected.