MYTH #1: Lender & Servicer Abuse Only Occurs in “Judicial Foreclosure States”
Much attention has been paid, of late, to the many stories of lender and servicer abuses in judicial foreclosure states. To explain, a “judicial foreclosure
Much attention has been paid, of late, to the many stories of lender and servicer abuses in judicial foreclosure states. To explain, a “judicial foreclosure
Doublethink: “…the power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them. … To tell deliberate lies while genuinely believing in
Background. The residential loan market experienced tremendous growth between 2004 and 2007. Lenders were able to accommodate millions of borrowers, because they quickly sold the
“Why, anybody can have a brain. That’s a very mediocre commodity. Every pusillanimous creature that crawls on the Earth or slinks through slimy seas has
For anyone who has ever negotiated a loan modification, short sale, or deed-in-lieu, you have heard the refrain from the person on other end of
For the big banks, another nail in the foreclosure coffin: The Portland Business Journal reports today: “Oregon Attorney General John Kroger announced Wednesday that Oregon
Well, these are interesting times. One would have thought short-cutting the lending process by making poorly underwritten loans would have been a wake-up call to lenders. Apparently not. Now the entire lending industry is caught short-cutting the foreclosure process as well. Read on.
It seems that the same shortcuts banks took in making “no-doc” loans are surfacing today as they are foreclosing them.