Foreclosure
Housing Crisis – Can We Do Something Already?
As an update to an earlier post that is continued below, there are more minds examining eminent domain and our real estate collective action problem. It has been shown that when the value of a home falls below the value of the mortgage debt — when it is underwater — a person is much more […]
Mortgage Fraud Task Force PR Campaign
Why the noisy public relations campaign for the mortgage fraud task force? Thankfully, main street has not stopped demanding accountability. As Politico reports, Members of the liberal activist group CREDO Action have made more than 3,000 calls since March to the White House and Obama’s Chicago campaign headquarters urging the administration to assign more investigators […]
Arizona Bill Writes Down Underwater Loans For Homeowners
A state politician finally proposes a solution and stands up to the lenders. Arizona Senator Michelle Reagan submitted the “Arizona Housing Finance Reform Act” (SB 1451) on January 31st, 2012. Senator Reagan’s bill represents BREAKTHROUGH THINKING as far as solutions to the housing crisis are concerned. There’s been nothing like it proposed anywhere as yet, […]
World Champion Boxing fight: Banking Industry vs. Lawyer Industry
On the surface this hotly debated topic of the Florida Fair Foreclosure Act appears to be the World Champion Boxing fight between the Banking industry and the Lawyer Industry. It is difficult to believe anything said by either side. Historically both special interest groups have shamelessly stomped all over the average citizen for personal gain. […]
