Archive for May, 2009
14 Foreclosure Cases Thrown Out The Door
Tuesday, May 26th, 2009Ohio Judge tosses out 14 Foreclosure Cases
IN RE: Foreclosure Cases
CASE NO. NO.1:07CV2282, 07CV2532, 07CV2560, 07CV2602, 07CV2631, 07CV2638, 07CV2681, 07CV2695, 07CV2920, 07CV2930, 07CV2949, 07CV2950, 07CV3000, 07CV3029
CASE: 07-cv-02282-CAB
Fourteen pending foreclosure cases were brought before the district court of the Northern District of Ohio by the Plaintiff-lenders invoking its diversity jurisdiction¹. The Court issued an Order requiring submission of an executed Assignment to show and prove that the Plaintiff was the holder and owner of the note and mortgage as of the date of filing of the complaint. In its amendment of the Order, Court further required the plaintiff to submit an affidavit alleging therein that Plaintiff is the original mortgage holder, or as an assignee, trustee or successor-in-interest. Thereafter, the Court judiciously heard the parties’ arguments.
Report: SubPrime Lenders That Sparked Crises Received Bailout Money
Friday, May 8th, 2009
The days of solely blaming subprime lending for the housing collapse are far behind us (I hope), but the risky, high-cost lending certainly played a hand in the mortgage crisis.
The Center for Public Integrity released an interesting report documenting the actions of so-called “mega-banks,” which supported such lending that set off a global economic meltdown.
Unsurprisingly, 21 of the top 25 subprime lenders were financed or owned by banks that received TARP money.
Investment banks Lehman Brothers and Merrill Lynch both owned and financed subprime lenders, while others like Credit Suisse and Goldman Sachs were major financial backers of subprime lenders.
LOAN MODIFICATION If the Bank hangs up on a Congress Woman WHAT ARE YOUR CHANCES TO SUCCEED????
Friday, May 8th, 2009Congress Woman Maxine Waters has been Hanged up on
What are your chances to have a successful Loan Modification?
do you need help modifying your home loan?
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