Foreclosure Defense

28 Dec Propping The Door Open: Treasury Orders That Trial Modifications Won’t Expire

In a surprising move, the Treasury Department issued a news releaseof a newdirective that any trial mortgage modifications which are set to expire by 1/31/10 be continued AND the servicers cannot cancel the modification for any reason other than that the property doesn't meet the property requirements under HAMP.
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07 Dec Divorce yourself from your home!

As a Florida foreclosure defense attorney, I’ve counseled literally thousands of people about their past due mortgage. The first thing I tell my client to do is emotionally divorce yourself from your home. The mortgage industry looks at the American homeowner like cattle, and there is no concern whatsoever about the social implications of mass foreclosures. For Wall Street, it’$ all about the Benjamin$. The mortgage servicers actually have the audacity to guilt homeowners into “doing the right thing” while callously decimating homeownership for the middle class. I ask, “What would Donald (Trump) do?” The Donald, self-proclaimed master-deal maker, would callously look at any real estate investment, even his own home, as a business deal, and THAT’s what you should do as well.
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30 Nov Lies, Damned Lies and Statistics on Mortgage Modifications

It seems that every time you turn on the radio or television in Southwest Florida, all you hear is a new advertisement from a mortgage modification company and how many modifications are getting done and how good the banks are doing at saving homes. If you call the latest scam company, they can help you save your home because they have the knowledge and contacts to get it done. All I can say is be careful out there? If you are in the market for a mortgage modification, please seek out a consultation with a qualified attorney that will give you the facts on what is really going on out there. Thank goodness that lawyers cannot advertise that way.
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29 Nov Why Are Connecticut Foreclosures So Weird? – (Pt 1)

Foreclosures in Connecticut are unlike foreclosures in 48 other states. (Connecticut and Vermont share this weirdness.) In most cases, aforeclosure does not result in an auction. Usually, the lender will just come to own your property without an auction. How does that happen? Read on.

Connecticut is a Title Theory state. That means that every time you grant a mortgage on your home, you are actually transferring ownership of the home to the lender. All you retain is the Equity of Redemption. That is the right to regain ownership of the property when you pay off the mortgage.

All foreclosures in Connecticut are judicial.

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