Tag Archive 'foreclosure'

Feb 22 2012

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Foreclosure Settlement, but No One Held Accountable?

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One of the main problems with the recent foreclosure settlement that a handful of the largest banks made with the states is that no one — not a single loan officer, company manager, or executive — has been held personally accountable by any of the states. In fact, for a mere $25 billion, essentially less than pocket change for these banks, they get away with fraud and theft on an enormous scale. Yes, some former homeowners may see some small benefit from this settlement, but can it compare with the loss of their homes due to improper foreclosure procedures? This is one reason it is important for homeowners and consumers to carefully evaluate any services they purchase, from mortgage loans to Mortgage foreclosure help. The banks gambled with these bad mortgage loans and knew that they could make tons of money while delaying the human suffering their illegal actions would cause, and relied on the fact that, if they engaged in enough fraud and abuse, the government would step in, steal money from taxpayers, and bail them out. Visit this Gilbert, AZ family chiropractic site for health information if this whole real estate situation has you stressed or depressed. And, unfortunately, this is exactly what happened. the whole situation is tragic in that either everyone should have been bailed out (obviously not a workable or ethical solution) or no one should have been bailed out. But bailing out some banks, while letting most foreclosure victims fall, was not the answer.

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Feb 20 2012

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Eleven NBA Games to Bet on for Monday Night Basketball Gambling

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With eleven games to be played in the NBA tonight, there should be a number of great games to watch and, more importantly, make some money on. Let’s take a look at some of these games right now, but don’t forget to check out our College football betting site, which has all the odds. The best odds to take advantage of are the fact that the Chicago Bulls as the 10 point favorites to defeat the Hawks, who should really go down to defeat at 15-20 points. Take the Bulls on this one. The Magic are only 2 1/2 point favorites over the Bucks, but give this game to the Magic. They are coming into this game with something to prove and will probably play well enough to win by more than 3 points. In the Western Conference, the Spurs are 3 point favorites over the Jazz, and the Clippers are only 2 1/2 point favorites over the Warriors. Avoid the Spurs bet, but take the Clippers to cover. And always remember, if you need to save some money on Loan modification, check out this website. There are a ton of opportunities tonight in the NBA to have some fun betting and winning money.

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Jan 22 2012

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Foreclosure — Too Expensive to Defend a Home

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Each step of the gauntlet of purchasing a house and being foreclosed, from applying for the loan to being served with a sheriff sale, is tightly regulated at local, state and federal levels. While all of these laws were supposedly designed to shieldprotect consumers and tenants from corruption, the large amount of paperwork these laws generate serve mostly to mislead borrowers and encourage corrupt bankers to prey on them.

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The foreclosure lawsuit itself is no different, although it is almost entirely dictated at the state leve. Borrowers find themselves involved in a complex legal process exactly when they are most unable to afford adequate legal representation.

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There are simply too many laws for the lenders to comply with to be able to originate and service a mortgage in accordance with every single regulation out there. While many mortgage companies are pretty strict about following such regulations, the subprime mortgage boom allowed extremely loose lenders to create one junk mortgage after another and the richest financial corporations could never get enough.

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Jan 22 2012

Profile Image of nick

Foreclosure — Too Expensive to Defend a Home

Filed under blogging

Each step of the gauntlet of purchasing a house and being foreclosed, from applying for the loan to being served with a sheriff sale, is tightly regulated at local, state and federal levels. While all of these laws were supposedly designed to shieldprotect consumers and tenants from corruption, the large amount of paperwork these laws generate serve mostly to mislead borrowers and encourage corrupt bankers to prey on them.

AZ Auto Accident Attorney

The foreclosure lawsuit itself is no different, although it is almost entirely dictated at the state leve. Borrowers find themselves involved in a complex legal process exactly when they are most unable to afford adequate legal representation.

Gamble on MMA

There are simply too many laws for the lenders to comply with to be able to originate and service a mortgage in accordance with every single regulation out there. While many mortgage companies are pretty strict about following such regulations, the subprime mortgage boom allowed extremely loose lenders to create one junk mortgage after another and the richest financial corporations could never get enough.

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Jan 04 2012

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Loan Modification Not Always the Best Plan

Filed under great stuff

When working with the mortgage company on a loan modification, it’s conceivable that you will get a settlement offer from the bank that does not decrease your monthly bill to an acceptable level. If this occurs, it’s very important that you consider your options with care.

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Sometimes, attempting to work with the mortgage company to get a more reasonable offer can pay off, but doing so does not always bring results in the debtor’s favor. The confusing thing is that it might or might not not be a good option to take them up on their offer, assuming that you can meet it financially.

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In the end, it’s possible that accepting the loan modification offer may not be the best strategy for your long-term well being. If that happens, you may decline the ffer to try to negotiate something more favorable with the bank. Tread lightly here, though, because once you have an offer on the table, it can be a gamble to hold out for something better.

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Dec 06 2011

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Why Owning a Home Is Not an American Dream

Filed under opinions

In our society, owning a house has often been attacted to the “American Dream”. But is owning a home really what the American Dream is all about?

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After all, this concept has been promoted by coporations and government agencies that rely on healthy property sales and property tax revenue. The truth is that these actors benefit far more from individual property ownership than the individuals often do, and that is even more true in the current weak economy.

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The truth is that you and your soul are not your residence. It’s simply a place to put your worldy possessions, which incidentally is also not you. The minute you can disassociate yourself from your house (and your stuff) as your identity, you can feel a good deal more freedom in life.

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