Posts tagged as:

foreclosures

Predatory Landlords: The Latest Foreclosure Scam

by Moe Bedard

By Moe Bedard
The simple act of renting a home for Main Street Americans has become a sick game of “Where’s the foreclosure?” or another popular rental hit, “Let’s see how long we can rent in this home before it falls into foreclosure?”
The scam of renting a home when it is in foreclosure and not paying [...]

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FTC Testifies on Efforts to Combat Foreclosure Rescue and Loan Modification Scams

by Moe Bedard

The Federal Trade Commission today told the U.S. House Subcommittee on Housing and Community Opportunity of the Committee on Financial Services that, with the rapid increase in mortgage delinquencies and foreclosures, the FTC has intensified its efforts to protect consumers from foreclosure rescue and loan modification scams. The FTC also recommended legislative and other remedies [...]

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Silence Equals Consent

by Moe Bedard

By Moe Bedard
While a few stalwart senators tried to battle for the passage of the cramdown bill last week we heard a number of important opinions, both pro and con, regarding the proposed power of bankruptcy judges to reduce principle balances on home loans. It appeared obvious to me and a great deal of other [...]

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Banks Starting to Walk Away on Foreclosures

by Moe Bedard

SOUTH BEND, Ind. — Mercy James thought she had lost her rental property here to foreclosure. A date for a sheriff’s sale had been set, and notices about the foreclosure process were piling up in her mailbox.
Ms. James had the tenants move out, and soon her white house at the corner of Thomas and Maple [...]

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Tide turns against schools as foreclosures rise

by Moe Bedard

FORT PIERCE, Fla. — Way back when times were good — last April — builders showed up one day at Forest Grove Middle School and gutted a little-used classroom off the gym.
Four months and a half-million dollars later, they had transformed the space into a gleaming, bubbling mini marine biology laboratory, with five huge, blue [...]

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Is Obama for the People or the Banks?

by Moe Bedard

Let’s get something straight here America.
The President of the United States is to work for the common good of the people for which they represent and serve. Yes, represent and serve. They do not take the oval office to work for the “special interests” of corporate America and the money that fills their campaign buckets.
Or do they?

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Foreclosures on Subprime Mortgages

by Moe Bedard

Senator Durbin is behind a Democratic Foreclosure Prevention Package that would allow home owners to renegotiate their interest only loan terms.A surprising twenty-four percent of all mortgages in Peoria County are subprime or interest only which is above the national average according to The Center For Responsible Lending.
Read the rest of the Central Illinois Proud [...]

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Another Stop Foreclosure Story and Another Victim of the Subprime Debacle

by Moe Bedard

Operating this blog has given me the opportunity to reach out to people everywhere and it feels good to hear from people who take the time and trust me enough to ask for advice. As you can tell this blog has no advertising and I don’t push my services on people. I truly want to [...]

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