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Archive for the 'Uncategorized' Category

19
Sep

Loan Modification Upfront Fees

It’s about time someone actually attempted to look at this.
From L.A Times:
The move by the FTC comes as federal and state officials plan to expand a crackdown on mortgage-related scams to other schemes that prey on debt-ridden consumers.
Reporting from Washington – Federal regulators, taking aim at a common tactic used in mortgage frauds, will [...]

14
Sep

Wells Fargo Foreclosure Firing

For those who haven’t seen the story, here’s the short version.
Owners of a ocean front property in Malibu, CA ran into financial difficulty after they had been victims of the Bernard Madoff ponzi scheme. The owners deeded the home to Wells Fargo and Wells Fargo agreed to keep the property “off the market” for [...]

02
Sep

Stripping fixtures from a foreclosed home

Maricopa County Attorney Andrew Thomas is starting to prosecute people who have been removing copper pipes, copper wire and everything else of value including air conditioners and kitchen counter-tops, no mention was made of kitchen sinks.
We’ve had many conversations on the Foreclosure Discussion Board about the difference between fixtures (things attached to real estate) and [...]

18
Aug

Having nothing to do with foreclosures

I got back yesterday from a camping trip which for some people wouldn’t be any kind of noteworthy event. From my perspective, not having been camping for something like 7 years, it was extremely noteworthy. It doesn’t take many days of having the minimal responsibilities of cooking and nominal maintenance while enjoying the [...]