Eric Wolff has done a good job covering the story about Michael Pines, the foreclosure-chasing attorney. Here's a link to the initial story about former owners breaking into their old home in Escondido on Tuesday:...
Bando Follow-Up
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Year: 2010
The Impervious Tan
Towards the end, Angelo was cashing in $17,000,000 worth of stock options every five days, and he practically walks scot-free. From the nytimes.com: Angelo R. Mozilo, the former chief executive of Countrywide Financial, once the nation’s largest mortgage lender,...
Costa Rica Custom
The residential project is located in the central Pacific zone of Costa Rica, near the national park Manuel Antonio, Quepos. To carry out the project in hand with nature, an area was chosen on the property that was clear of trees to carry out the construction of the...
ForeclosureGate, Ground Zero
Hat tip to DS for sending in David Streitfeld's article from the N.Y. Times: DENMARK, Me. — The house that set off the national furor over faulty foreclosures is blue-gray and weathered. The porch is piled with furniture and knickknacks awaiting the next yard sale. In...
Title Companies Have Recourse
Are the title companies in trouble for insuring robo-signed REO sales, or MERS-related transactions? Kingside said, "Not if the sellers are using grant deeds". Here's the definition: grant deed n. the document which transfers title to real property or a real...
MBS-Investors Suing
While the MERS debacle has many borrowers thinking that they may be getting a free house soon, the biggest threat to the banks/servicers comes from the investors who purchased the securities on Wall Street. Thanks to Kingside, here's a link to a big class-action suit...
Foreclosures vs. MLS Sales
By now we've become comfortably numb to the sensational foreclosure headlines. Yesterday, from RealtyTrac: A record total of 102,134 bank repossessions were reported in September, the first time bank repossessions have surpassed the 100,000 mark in a single month. A...
Heading For Holiday Season
Fourth-quarter prognosis? The sellers who priced right and sold already are thanking their lucky stars, because you never know when some unforeseen event could send chills through the market. Sales are dwindling, due to the shortage of quality inventory at decent...
MERS-Busters
On August 17, 2010, attorney Susan Chana Lask filed a Federal Class Action Complaint on behalf of tens of thousands of New York State homeowners who lost their homes to an alleged foreclosure fraud orchestrated for years by a New York "foreclosure mill" attorney and...
MERS Kicked to Curb
Hat tip to JimG for sending this along, from the AP: JPMorgan Chase's CEO says the bank has stopped using the electronic mortgage tracking system used by major financial institutions. Lawyers have argued in court proceedings that the system is unable to accurately...
