“[The defendant banks] categorize [the plaintiff borrowers] as ‘strategic defaulters’ who are riding out their admitted default by raising frivolous legal challenges while continuing to
Having counseled approximately two hundred Oregon homeowners drowning in negative equity, I have discovered that many, if not most, believe that somehow their lenders can
After several years of toil as a low paid toady for a high-powered foreclosure mill law firm, our intrepid young associate has finally won a
Introduction. Federal District Court Judge Michael W. Mosman ruled in favor of Bank of America and others in the recent foreclosure case of Jon Charles Beyer and
“Oh what a tangled web we weave, When first we practice to deceive!” Sir Walter Scott, Marmion, Canto vi. Stanza 17. Scottish author &
In common parlance today, a “default” denotes either nonperformance – or inadequate performance – that falls short of a written rule, guideline, or criterion. It
“You got to know when to hold ’em, know when to fold ’em, know when to walk away, know when to run” [The Gambler, by
By wisdom a house is built, and through understanding it is established; through knowledge its rooms are filled with rare and beautiful treasures. – Proverbs 24:3-4
The risk of ***strategic default is rising among loans that have “always performed,” according to the credit analysts at Moody’s Analytics. They say as home
In a recent post on mortgage insurance (“MI”), I addressed what I saw as a problem, but didn’t yet fully understand the depth of it,
