How a $35 Dollar Mistake Could Help Fight Foreclosure

Seminars are popping up around the country teaching homeowners how to fight foreclosure. NBC reporter Kerry Sanders reported on the “Today Show” about the latest efforts to help people save their homes. He looked at one fascinating loophole that could help. It has to do with mistakes on your mortgage documents that amount to or more. Click on the video above to learn more.

Foreclosures on People Who Never Missed a Payment

Yves Smith: Mortgage service industry makes more money from foreclosures than restructuring debt

The People’s Court- “Withholding Security” Part 1 [Smelly house makes tenants sick!]

Jersey City firefighters, others charged in mortgage fraud plot

Jersey City firefighter Kevin Elam is one of six charged in a mortgage fraud scheme. Officials say two Jersey City firefighters are among six people arrested in connection with an alleged million mortgage fraud scheme, The Jersey Journal reports….
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Source: The Jersey Journal
Date Published: 15th June 11

People on the move

Joe Ciavone recently joined the Clinton Township branch of Charter One Bank as a mortgage loan officer. Ciavone originates a wide range of home financing programs, including both conventional and government loans.
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Source: Detroit News
Date Published: 16th June 11

SEC could file civil fraud charges against some raters

U.S. regulators could file civil fraud charges against some credit-rating agencies for their role in developing mortgage-bond deals that helped bring about the financial crisis, the Wall Street Journal reported, citing people familiar with the matter.
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Source: Reuters via Yahoo! News
Date Published: 17th June 11

Phoenix police accuse clerk in loan store robbery

A fake home address, a toy gun and strange behavior led to the arrest of three people in connection with a suspected staged robbery of ,000 from a loan store in Phoenix on Sunday morning, according to Phoenix police.
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Source: The Arizona Republic
Date Published: 13th June 11

As FEMA deadline approaches, recovery slogs on

With only days remaining for people affected by tornadoes two months ago to apply for federal aid, many are still trying to recover from the storms.
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Source: WRAL.com Raleigh
Date Published: 17th June 11

Six sentenced in rural Napa land scam

Six people who posed as buyers in an Upvalley land scam and mortgage fraud scheme were sentenced in U.S. Federal court after pleading guilty to filing false tax returns.
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Source: Napa Valley Register
Date Published: 17th June 11

Tent cities spring up in LA

Tent cities have sprung up outside Los Angeles as people lose their homes in the mortgage crisis.

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