In Part 1 of this article, I discussed the fact that the U.S. Government’s “rescue plan” would not save the economy because it fails to address the underlying cause: the collapsing housing sector.  I explained that the U.S. would be powerless to curb the avalanche of foreclosures (10,000 per day as of this writing) because [...]

Confirming the worst fears of middle class homeowners, the $700B Wall Street Bailout will do virtually nothing to help homeowners.  Democrats, as usual, fail to seize upon their power as majority and give in to Republican demands that bankruptcy reform be stricken from the deal.
In the end, the failure to include language allowing bankruptcy judges [...]

Sarasota, Florida - August 26, 2007 - As if we needed more evidence politicians are stupid, I present to you the Sarasota County, Florida Board of Commissioners who unanimously approved seizure of any citizen’s home who fails to pay a red light camera ticket.
As reported in theNewspaper.com, “Like several other Florida communities, Sarasota County intends [...]

 
I’ve just returned from the 2008 Mortgage Litigation Conference, sponsored by the National Association of Consumer Advocates.  The major buzz from the conference was electronically stored information (ESI), and its importance in litigation.  There is no doubt many of this weekend’s attendees are this morning retooling the way they are approaching mortgage litigation.
A common problem [...]

I really didn’t realize how bad the housing crisis was until I read a recent piece by Richard Abowitz in the LA Times about foreclosure’s effect on the world’s oldest profession.
Remember the housing boom in Las Vegas when high-rolling investors were gobbling up those desert condos left and right?  Well, apparently many of those speculators [...]

According to a recent report by the Mortgage Asset Research Institute, mortgage fraud nationwide jumped 42 percent in the first quarter of 2008, with Florida reporting the highest number of cases.  Florida accounted for 24 percent of all material misrepresentations for loans originated during the first quarter of 2008, according to the institute’s press release.
California is [...]

Foreclosure defense attorneys are becoming increasingly frustrated by the dismal foreclosure statistics and are seeking help from our nation’s criminal prosecutors to investigate the possibility of bringing “foreclosure mills” and banks to justice under the Racketeer Influenced and Corrupt Organizations Act (RICO).
Usually, when we hear terms like “organized crime” and “RICO,” we think of Tony Soprano [...]

I am occasionally contacted by homeowners to fight their foreclosure AFTER they have received a Summary Final Judgment of Foreclosure.  Their sale date is already set, but they’ve seen my commercial or other advertisement and realize something could have been done.
Well, those people can still stop the foreclosure sale date by filing a Chapter 13 [...]

Foreclosure defense attorneys are really hard to find. So what do you do if you can’t find an attorney in your county that will defend your foreclosure? You search the internet for any attorney in your state that will do it. A lawyer in your state is licensed to practice in any county in your [...]

Foreclosures are up 47% in Jacksonville, Florida, which has created a challenge for the Duval County Clerk’s Office. Every foreclosure ends with the home being sold on the courthouse steps, and the increased volume often means large crowds and long auctions.
Such sales are often good deals for buyers because there is little competition for the [...]