Posts by michelle
New York AG Schneiderman Proposes Legislation to Protect new Yorkers from Foreclosure Fraud
Attorney General Eric T. Schneiderman today announced the introduction of his bill in the state Legislature that would protect New Yorkers from fraudulent business practices like “robosigning” in the foreclosure process. The Attorney General’s legislation, the Foreclosure Fraud Prevention Act of 2012, will define “residential mortgage foreclosure fraud,” and impose tough new criminal penalties that…
Read MoreForeclosure: Good for Investors, Bad for Foreclosed
An article in www.cnbc.com/id/47818266?__source=RSS*blog*&par=RSS called “Foreclosure Spike Is Positive Sign for Housing” stated that the foreclosure rate going up by 9% from May “month to month” is a good thing. Good for housing and investors; but bad for the ones being foreclosed. I was thinking while reading this that the investors are not the ones…
Read MoreJudgement against Eichenbaum & Stylianou LLC
Eichenbaum and Stylianou LLC is a large debt collector’s firm in New Jersey. Judge Novalyn Winfield found that they violated our client’s bankruptcy protection under 11 U.S.C 362 ( Bankruptcy Case 11-36472; Adversary 11-02539) The bankruptcy law provides that once a client files for Bankruptcy protection all attempts to collect a debt must end. Specifically…
Read MoreDebtor’s jail making a comeback
Debtor’s prison’s are from the stories of Charles Dickens and old England and have been abolished in this County since 1830. Unfortunately, they are making a come back. Our national obsession with imprisoning people for relatively petty and non violent offenses amount to a modern-day form of debtor’s prison. Most arrests are for not appearing…
Read MoreRepublican candidate Mitt Romeny says “accelerate foreclosures so investors can buy homes”
Republican candidate Mitt Romeny knows exactly what this country needs…Speeding up foreclosures vs slowing down or stopping foreclosures. His reasoning, so that investors can buy the properties. Everyone knows that multiple issues of fraud have been exposed to the point that Local, State and Federal authorities are suing many of those involved….including, and most importantly,…
Read MoreNYT editorial Consumer vs. The Banks
The NYT editorial questioned why Obama passed over Elizabeth Warren, the Harvard Law Professor and Consumer Advocate who set up the Consumer Financial Protection Bureau for Richard Cordray. As the Times suggest, I believe, passing over Ms. Warren for Mr. Cordray shows where Obama’s true loyalities may lie in regards to Consumers and the Banks. As…
Read MoreGoverment debt reduction vs Freedie Mac and Fannie Mae’s greed
In a recent article in The New York Times by Shalia Dewan, she discusses how Arizona has allowed for debt reduction but two of the largest players in this whole fiasco, Freddie Mac and Fannie Mae, will not participate. It boggles the mind that the Government has given Freddie Mac and Fannie Mae pseudo government…
Read MoreWhen do you know if you have a Predatory Mortgage
More often than not, when a conversation begins about the housing market and whom is to blame, many take issue with the homeowner. Politicians, talk radio and even neighbors who purchased their home with a conventional mortgage will say something like ” they (homeowner) bought a house that they couldn’t afford”. However, this logic completely ignores…
Read MoreNew York attorney’s general right to resist White House Mortgage Deal?
The New York Time’s OP-Ed piece seems to think that Eric Schneiderman, New York’s Attorney General is right to resist the White House’s Mortgage Deal. The Obama administration basically wants to work out a settlement with the large banks for their participation in their fradulent foreclosure practices which included robo-signers, questionable to fradulent supporting documents…
Read MoreAre the Feds helping Main Street over Wall Street?
In a recent article posted in the New York times, the Feds are struggling with how to explain to those on Main Street how helping Wall Street is in fact helping Main Street. The apparent circular argument is not lost on those who still can not find employment or get refinanced, although Wall street Banks…
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