First Coast Consumer Law

01/17/2012

http://www.bankruptcylawnetwork.com/no-modification-for-you-2/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BankruptcyLawNetwork+%28Bankruptcy+Law+Network%29

Word.

For the last few years, I have witnessed a steady stream of homeowners flowing through my office who are dumbfounded by their inability to get a mortgage modifi

12/20/2011

What's in it for an AG to be corrupt? Does she really think she'll ever be Senator Bondi?

All of America is suffering. But five states have been hit particularly hard by foreclosures — and foreclosure fraud.

12/16/2011

http://dyn.politico.com/printstory.cfm?uuid=656C8EEB-CE79-4C81-BC5D-73F207202B43

Attorneys General in at least 3 states are looking hard at mortgage servicing abuses. Where is the U.S. Justice Department?

Opinion: Until we have public servants focused on justice, we can expect the crime spree to go on.

10/24/2011

Consumer debt has crimped spending. Without spending there is no demand. Without demand there is no recovery.

10/13/2011

The details of the process are different in different states, but the theme is the same. No, you don't get arrested.

What happens when you walk away from an underwater mortgage? Are you arrested? Are you shunned? Do your kids decide they hate you?

10/01/2011

The article neglects to note that in Florida the deficiency is determined by the fair market value of the property.

Banks and other lenders increasingly go to court to obtain deficiency judgments against former homeowners when foreclosure sales of houses don't bring enough to cover the full amount of the mortgage.

09/08/2011

not a bad summary of the decline of an evil empire.

On the afternoon of Aug. 23, Gary G. Lynch, the global chief of legal, compliance, and regulatory relations for Bank of America Corp., was attending a meeting in Washington when the floor heaved.

09/03/2011

Tough to be a bank these days. First your Uncle gives you 800 billion dollars. Then he sues you for a quarter of it.

Federal regulators launched a broad legal assault on big banks Friday, claiming they sold nearly $200 billion in fraudulent mortgage investments to housing giants Fannie Mae and Freddie Mac that led to massive losses during the financial crisis.

08/24/2011

Taibbi nails it. Again.

A power play is underway in the foreclosure arena, according to the New York Times. On the one side is Eric Schneiderman, the New York Attorney Gener

08/22/2011

The administration's pressure on state attorneys general to let banks of the hook for mortgage fraud provides further evidence, if you needed any, that the White House isn't on the same side as the American people.

Commentary on current economic and financial news.

08/18/2011

Going to get worse before it gets better.

Florida metro areas dominate the top 25 list for cities with the worst foreclosure rates - including the eight highest in the nation, according to a report released Tuesday.In all, 17 of the top 25 cities with the highest foreclosure rates as of March are Florida cities, according to the Center for ...