A Leopard Doesn’t Change It’s Spots – Don’t Expect Wall Street Banks To

The proposed multi-state Attorneys General Wall Street bank fraud settlement has been the top-watch of foreclosure defense families and attorneys at war with the banks.

The disapproval of this settlement ranks highest among those in the throws of research and who understand the mathematics (or lack of) bantered about by various news stories.

The real statistics are staggering.   Continue reading

REALITY CHECK – SECURITIZATION FAIL!

If you do nothing else this weekendPLEASE read this post.
If you are a Legislator –
this is imperative to your better understanding of the current foreclosure crisis
and why your Attorney General should NOT sign the servicer settlement agreement
… yet.
Yes, it’s long –  it’s factual, hang in there and you’ll learn what you need to know.

BY | FEBRUARY 2, 2012

WARNING: Attention homeowners: Do not read this post as legal advice. Although the information in this post is true, securitization fail, even of your loan, will not typically prevent the bank from foreclosing on you, unless you have a good lawyer. Even then, realistic end game is a sustainable modification, not a free house. More after the post. Continue reading

“Stay in Your Homes – You Are Going To Find They Don’t Have That “Paper” Up There On Wall Street”

One of the outstanding interviews after President Obama announced there would be an investigative task force into the Wall Street banks’ mortgage fraud was aired on The Rachel Maddow Show on Jan. 28, 2012.  It is a MUST WATCH TV interview – click here.

New York Attorney General Eric Super-Schneiderman has been appointed by President  Continue reading