It was an unusual feat. A twelve year old boy of Wisconsin, helped his grandmother aged seventy-two to save her property – a house standing for a century that has been the home to three generations. Noah Lamaide stands out [...]
It is now six months since the movement made its debut. It was primarily against foreclosures and widening income gap. The movement spread fast. How far the movement has been able to help the foreclosure victims? The movement is now [...]
Oakland City is now under the grip of spreading foreclosures. Two members of the city council are pressurizing Wells Fargo to help the foreclosure victims so that they are not ousted from their homes. The proposal will be presented before [...]
The final particulars of the Settlement ($26 billion) contracted by the state and federal government on 9th February with the five mega banks cum mortgage servicers were filed in a federal court. It would now require the approval of the judge [...]
The banks having woken up to the realities of the situation are trying to help homeowners facing foreclosure by offering bonus; in so doing they are helping themselves to avoid greater losses by following the foreclosure route. The banks are [...]
The harsh reality is that it is only the banks that created the foreclosure crisis that can significantly help victims. Bank of America has pledged to reach out to 200,000 homeowners who have gone underwater – their property valued at [...]
Help has come from unexpected quarters for foreclosure victims Arturo de los Santos, his wife and four children as they take the bold step of re-occupying their home. It is a true life tale confirming the truth of two adages [...]
The Settlement of 9th February will greatly help the borrowers in many ways provided they understand their position and reach out for it. The Settlement has been a landmark success for the Obama administration. Renowned defense lawyer Roy Oppenheim commented [...]
The foreclosure victims have none to turn to with the law and politicians only talking but doing nothing. They have found their voice in the Occupy movement but even then the administration is cracking down on them and not allowing [...]
A tax time bomb is ticking for victims even after foreclosure and short-sale – even after they are broke and prone on their knees. But the IRS views the scenario from another angle. The sufferers should be prepared for exorbitant [...]
