The Oregon State Public Interest Research Group (OSPIRG) and Jeff Merkley announced the publication of a new report on issues facing consumers in Oregon from Oregon financial institutions. The report summarizes an analysis of checking accounts and found that financial institutions were charging fees without disclosing the potential for those fees to the consumer.
October 2009
As you may know, bill collectors are subject to more regulation than actual creditors. In other words, an employee of MasterCard or Visa can call you and say certain things legally, whereas an outside bill collection agency hired by the credit card issuing bank would be in violation of the law for saying or doing [...]
Judge Long of the Massachusetts Land Court recently reaffirmed his groundbreaking May decision (Ibanez) invalidating a foreclosure sale due to a lack of properly-recorded proof of assignment. The assignment issue boiled down to this. Due to the bundling of mortgages for sale and trading on Wall Street, mortgages have been transfered more and more frequently. [...]
One day this week, I got so angry at my potential clients. I did not express this anger out loud, but I did want to reach across my desk and say YOU SHOULD HAVE COME HERE WEEKS OR MONTHS AGO. Three new clients, and all three of them, would have had much better options had [...]
As of 9/1/2009, only 1,711 permanent loan modifications 1.26% trial modifications made permanent 1 in 8 mortgages in default or foreclosure foreclosure delayed, not avoided 10-12 million foreclosures predicted 50% mortgages will be underwater if problem not solved Here is the Congressional Oversight Panel’s summary of their recent report on progress after six months:
What is bankruptcy? What a short video for an overview of bankruptcy. FAQ: bankruptcy basics Frequently asked questions about bankruptcy – part one Frequently asked questions about bankruptcy – part two Frequently asked questions about bankruptcy – part three Frequently asked questions about bankruptcy – part four
