Finally Some Justice for a Homeowner

This from WFMY TV Channel 2 in Florida: Have you heard the one about a homeowner foreclosing on a bank?  Well, it has happened in Florida and involves a North Carolina based bank. Instead of Bank of America foreclosing on some Florida homeowner, the homeowners had sheriff's deputies foreclose on the bank. It started five months ago … Continue reading Finally Some Justice for a Homeowner

High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 3

Ok, continuing the series on the mortgage foreclosure crisis here. For background on the legal side of the problem see Part 1 and for a humorous look by Jon Stewart at the crisis see Part 2. The banks are claiming that the problems are only paperwork glitches, that all the people being foreclosed on are … Continue reading High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 3

High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 2

So, just what is the "mortgage foreclosure crisis"?  One part, as suggested in part 1 of my "High Noon" series of posts on this issue is that the banks have lied in court in order to save money, cut corners, and rapidly foreclose on houses that they may or may not be able to prove … Continue reading High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 2

Seems the Rich Default Even More

Well, so much for the idea that the foreclosure crisis is /was due to those "irresponsible low-income people buying stuff they can't afford".  It seems the rich are even less responsible: the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population. More than one in seven homeowners … Continue reading Seems the Rich Default Even More