Interest and Fees

09 Apr How do I check out of my hotel condo?

Signature at MGM GrandFuelling the over-heated housing market a couple of years back was real estate investing, and the result today is a condo market where units are selling for half of what people paid for them in 2005. Anyone who purchased a condominium as an investment must have realized the potential to lose money, no matter how remote that possibility seemed. However, what if you were sold your condo by an aggressive developer who "projected" for you a return on your investment? Well, that doesn’t sound like a condo. That sounds like a security, and if the developer created an expectation of an investment return, federal securities laws may have been broken.
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02 Mar Proverbs 28:3

A rich man who oppresses the poor is like a devastating rain that leaves no food. Proverbs 28:3. As I was surfing through my Bible the other day I ran across this passage. The immediate picture that came to mind was the mortgage crises that is currently taking place. I continue to be overwhelmed watching the unraveling of entire the mortgage industry.
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20 Jan Mortgages in Bankruptcy: Who really is the Real Party in Interest?

Who really owns the mortgage? Do you really know? How many times has it been sold? How many times have its servicing rights been sold? Where is the underlying note? Is it perfected? If a Bankruptcy is filed, who is the proper party in the Bankruptcy? Who really is the real party in interest to come before the Bankruptcy Court on a mortgage?
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16 Jan Mortgage Company Payment Ledger Contains Falsified Documentation

Would you be surprised to learn that your mortgage company changed your mortgage payment and added fees during your Chapter 13 bankruptcy without telling you. Apparently that's what happened to a Mrs. Hill, a resident of Pennsylvania. After completing her five year Chapter 13 plan successfully and receiving a discharge, Mrs. Hill received a letter from Countrywide, her mortgage lender, saying that she was in default! Why?
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