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I Think It’s Now Safe for Me to Speak Out About Loan Modifications and the...
I’ve been waiting for this day for almost a year. The day I could stop beating around the bush and come right out and talk about the “secret” NPV and loan modifications. Because I’ve known about the...
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Guest Post: Principal Reduction Modification Math, by Rick Rogers, JD/MBA
I first met Rick Rogers at Max Gardner’s Bankruptcy and Litigation Boot Camp, when I attended the 5-day intensive training program for attorneys last October. About 15 lawyers all met at Max’s 160...
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HAMP 2 is HERE – Some say it’s the best HAMP yet, and they’re probably right...
This past year has been transformational as far as the foreclosure crisis was concerned, although we weren’t sure what was being transformed much of the time, and we are only now going to start seeing...
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Why Banks Are Better at Making Loans Than Modifying Them
According to just about everyone on television and in print these days, should a homeowner get the crazy idea that they might be able to avoid losing their home to foreclosure through a loan...
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Upcoming Max Gardner Seminar: UCC’s Impact on Securitization and Foreclosure...
Attention Foreclosure Defense Attorneys… It’s time to take it up a notch or two… MAX GARDNER PRESENTS… WHAT YOU NEED TO KNOW ABOUT THE UCC FOR FORECLOSURE DEFENSE For attorneys engaged in foreclosure...
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Banks Obviously in Trouble, 91 Banks Missed May Payments to Treasury
Reuters reported yesterday that 91 banks missed their May 17th TARP payments. Under the TARP program, the U.S. Treasury invested money into insolvent banks through the purchase of preferred shares of...
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Banks Kick Consumer’s Butts Once Again – SB 1275 Dies in the California Assembly
Okay, who wants to feel stupid, weak, and helpless? (Oh, I do… I do! Pick me! Pick me!) Well, good boys and girls, because you will in just a minute. Let’s start here: The federal government...
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Federal Regulators to Bring Enforcement Actions Against Banks… May Get Rid of...
After lawyers deposing bank personnel uncovered “robo-signers” fraudulently signing thousands of lost note affidavits and other documents the serivcers were required to have in order to foreclose on a...
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Man Drives Car Through Bank of America’s Lobby – Police Investigate, Unsure...
That’s a funny place to park. Elias Mercado, age 25, drove his Pontiac straight through the front doors of a Bank of America located at 308 E. Hopkins in San Marcos last Friday at around 4:00 AM. He...
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Homeowner Suffers Horrific Injustice at the Hands of JPMorgan Chase
For over two years I’ve had a front row seat for the foreclosure crisis, the by-product of our government’s complete mishandling of the worst economic downturn in seventy years. During that time I’ve...
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Why Banks Are Better at Making Loans Than Modifying Them
According to just about everyone on television and in print these days, should a homeowner get the crazy idea that they might be able to avoid losing their home to foreclosure through a loan...
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Why Doesn’t Every Realtor in the Country Know About This?
On January 1, 2009 HUD introduced a truly unique new program that makes it much easier for people over 62 years of age to purchase a new residence… but very few people seem to know much if anything...
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The secret NPV formula used to qualify for HAMP loan modifications that no...
You want to know why there are some 1.3 million trial loan modifications and only 168,000 and change permanent modifications, if you can even call them permanent? Because no one knows whether they...
View ArticleHEY, CHASE! YEAH, YOU… JPMORGAN CHASE! One of Your Customers Asked Me to Give...
Hi JPMorgan Chase People! Thanks for taking a moment to read this… I promise to be brief, which is so unlike me… ask anyone. My friend, Max Gardner, the famous bankruptcy attorney from North Carolina,...
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At the Bank of America Signpost Up Ahead, Your Next Stop – The Loan...
A homeowner wrote to me the other day, and I could tell from her emails that she had been through the ringer trying to get a loan modification. I’ve heard from so many thousands of homeowners over the...
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House Hearings to Answer Question: Are Loan Servicers Honoring Their...
On Thursday, June 21, 2010, the House Committee on Oversight and Government Reform held a hearing they called: “Foreclosure Prevention, Part II: Are Loan Servicers Honoring Their Commitments to Help...
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We’re Not Stopping the Foreclosure Crisis because it Affects Mostly Brown People
First posted in June of 2010, but every bit as relevant today and it was then. I was so relieved today when I read the results of a study published by the Center for Responsible Lending on the...
View ArticleTreasury Discovers Glitch: Banks Healthy, Ready to Lend
The Treasury Department announced today, that it has discovered a glitch in the department’s accounting system that has been dramatically underreporting the condition of our nation’s financial...
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Mandelman a Guest on Short Sale Power Hour!
I like these guys a lot! They laugh at my jokes, and that’s good enough for me these days… and they even bought lunch, so what’s not to love? Actually, Kevin Kauffman and Fred Weaver are the two guys...
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Why Banks Are Better at Making Loans Than Modifying Them
According to just about everyone on television and in print these days, should a homeowner get the crazy idea that they might be able to avoid losing their home to foreclosure through a loan...
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