Thursday - August 23, 2012 - ForeclosureGate Gazette
Content
THURSDAY, AUGUST 23, 2012
ACADEMIA
ADVERSARIES
ADVOCATES
BLOGOSPHERE
LEGAL
LEGISLATE
OP-ED
HOMEOWNERS NEWS
ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners
Real Remedies for the Foreclosure Crisis Exist: The Game-Changing Implications of Bain v. MERS Two landmark developments on August 16 give momentum to the growing interest of cities and counties in addressing the mortgage mess using eminent domain: 1) The Washington State Supreme Court held in Bain v. MERS, et al., that an electronic database called Mortgage Electronic Registration Systems (MERS) is not a "beneficiary" entitled to foreclose under a deed of trust; and 2) San Bernardino County, California, passed a resolution to consider plans to use eminent domain to address the glut of underwater borrowers by purchasing and refinancing their loans….
Profits in G.M.A.C. Financiers, Not U.S.
Bailout
to
Benefit
NYT Front-Pager on Administration Housing Policy Misses Several Key Points What this misses is the documented evidence that this was a conscious strategy on the part of the Administration, and part of their efforts to protect bank balance sheets. The Treasury Secretary admitted this in 2009, when he stated that HAMP, the signature foreclosure mitigation program, was designed to “foam the runway” for the banks….
Among the companies that were bailed out by the federal government during the financial crisis, perhaps the most intractable is proving to be the company formerly known as the General Motors Acceptance Corporation. It’s a case study in how bailouts can linger and profits, when they do come, flow not to the government but to the Warren E. Buffetts of the world….
"Sharpie parties" fuel rampage on foreclosed homes In the age of Facebook and Twitter, a new crime has hit America: "Sharpie parties," gatherings of party revelers armed with "Sharpie" magic markers and lured by social media invitations to wreak havoc on foreclosed homes. Five years into the U.S. foreclosure crisis, Sharpie parties are a new form of blight on the landscape of boarded-up homes….
Eminent Domain and the Housing Crisis A recent Huffington Post story reported that San Bernardino County in California, where as many as half of all homeowners are underwater on their mortgages, is giving careful consideration to the plan "under which Mortgage Resolution Partners fund would front money to allow local governments to purchase underwater mortgages at market value in exchange for a fixed fee of $4,500 per loan….
Survey: Delinquency Rates Up, Foreclosure Starts Flat in Q2 The delinquency rate for mortgage loans on oneto-four-unit residential properties increased to a seasonally adjusted rate of 7.58 percent as of the end of Q2, an increase from 7.40 in Q1. It is typical for delinquency rates to increase between the first and second quarters of the year….
Petition: Stop Mortgage Fraud and Kickbacks The mortgage fraud law called RESPA (Real Estate Settlement and Procedures Act) has only a 1 year statute of limitations. That means that someone intent on violating this law has very little risk of being held accountable. Lawyers representing consumers in mortgage foreclosure or mortgage fraud situations are reporting that….
Activists use foreclosure
social
media
to
prevent
3 Million Of America's Most Vulnerable Homeowners Are On The Brink Of Foreclosure As many as 3 million American seniors, arguably the most vulnerable consumers in the country, are on the brink of losing their home, according to a recent AARP study. In its report "Nightmare on Main Street," the group looked at the mortgage crisis' effect on the over-50 sect for the first time…
Not another. That became the rallying cry as the local activist community — with a huge assist from social media — mobilized to save one of its own from foreclosure. Rain Burroughs had fallen behind on the payments for her Oregon Hill dwelling….
>>>>>>> ‘Mortgage Seizure Via Eminent Domain For Community Stabilization’ Debate And News Updated Daily http://paper.li/EmDomainDebate/1342319964
ACADEMIA
ADVERSARIES
ADVOCATES
BLOGOSPHERE
LEGAL
LEGISLATE
OP-ED
HOMEOWNERS NEWS
ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners
Real Remedies for the Foreclosure Crisis Exist: The Game-Changing Implications of Bain v. MERS Two landmark developments on August 16 give momentum to the growing interest of cities and counties in addressing the mortgage mess using eminent domain: 1) The Washington State Supreme Court held in Bain v. MERS, et al., that an electronic database called Mortgage Electronic Registration Systems (MERS) is not a "beneficiary" entitled to foreclose under a deed of trust; and 2) San Bernardino County, California, passed a resolution to consider plans to use eminent domain to address the glut of underwater borrowers by purchasing and refinancing their loans….
Profits in G.M.A.C. Financiers, Not U.S.
Bailout
to
Benefit
NYT Front-Pager on Administration Housing Policy Misses Several Key Points What this misses is the documented evidence that this was a conscious strategy on the part of the Administration, and part of their efforts to protect bank balance sheets. The Treasury Secretary admitted this in 2009, when he stated that HAMP, the signature foreclosure mitigation program, was designed to “foam the runway” for the banks….
Among the companies that were bailed out by the federal government during the financial crisis, perhaps the most intractable is proving to be the company formerly known as the General Motors Acceptance Corporation. It’s a case study in how bailouts can linger and profits, when they do come, flow not to the government but to the Warren E. Buffetts of the world….
"Sharpie parties" fuel rampage on foreclosed homes In the age of Facebook and Twitter, a new crime has hit America: "Sharpie parties," gatherings of party revelers armed with "Sharpie" magic markers and lured by social media invitations to wreak havoc on foreclosed homes. Five years into the U.S. foreclosure crisis, Sharpie parties are a new form of blight on the landscape of boarded-up homes….
Eminent Domain and the Housing Crisis A recent Huffington Post story reported that San Bernardino County in California, where as many as half of all homeowners are underwater on their mortgages, is giving careful consideration to the plan "under which Mortgage Resolution Partners fund would front money to allow local governments to purchase underwater mortgages at market value in exchange for a fixed fee of $4,500 per loan….
Survey: Delinquency Rates Up, Foreclosure Starts Flat in Q2 The delinquency rate for mortgage loans on oneto-four-unit residential properties increased to a seasonally adjusted rate of 7.58 percent as of the end of Q2, an increase from 7.40 in Q1. It is typical for delinquency rates to increase between the first and second quarters of the year….
Petition: Stop Mortgage Fraud and Kickbacks The mortgage fraud law called RESPA (Real Estate Settlement and Procedures Act) has only a 1 year statute of limitations. That means that someone intent on violating this law has very little risk of being held accountable. Lawyers representing consumers in mortgage foreclosure or mortgage fraud situations are reporting that….
Activists use foreclosure
social
media
to
prevent
3 Million Of America's Most Vulnerable Homeowners Are On The Brink Of Foreclosure As many as 3 million American seniors, arguably the most vulnerable consumers in the country, are on the brink of losing their home, according to a recent AARP study. In its report "Nightmare on Main Street," the group looked at the mortgage crisis' effect on the over-50 sect for the first time…
Not another. That became the rallying cry as the local activist community — with a huge assist from social media — mobilized to save one of its own from foreclosure. Rain Burroughs had fallen behind on the payments for her Oregon Hill dwelling….
>>>>>>> ‘Mortgage Seizure Via Eminent Domain For Community Stabilization’ Debate And News Updated Daily http://paper.li/EmDomainDebate/1342319964
