Strategic Defaults on the Rise

[This study addresses the groups that are beginning to strategically default. The banks try to push moral buttons regarding personal responsibility, especially in the courts.  Does this strike anyone else as supreme hypocrisy?   Even if we just conveniently forget about the origin of this crisis, the banks and big business are the first to unload a […]

Congressional Oversight Panel on HAMP

Well guess what? It doesn’t work well for many homeowners, especially where there is negative equity. Thanks Captain Obvious. But seriously, here is the summary of the report: Treasury’s Strategy is ‘Inadequate’ to Address Coming Wave of Foreclosures; For Many Homeowners, Foreclosure Will Be Delayed, Not Avoided WASHINGTON, D.C. – The Congressional Oversight Panel today […]

Tell us something we don’t already know…

[Ed. note:this is just the tip of the iceberg and it would be funny if it weren’t so sad.  I wish the judges and bankers had to see the actual human effect of their actions.  I see and hear it in my office and on the telephone every day.] Firms are getting billions, but homeowners still […]