The Florida Foreclosure Fraud Weblog

Wondering why our banking system is on the verge of collapse? Baffled at just how a surge in mortgage defaults threatens to pancake our entire economy? Look no further than the power of cartoons:

Some genius, unknown to me, has created this slideshow, “The Subprime Primer,” and it tells you prety much all you need to know about how we got here. (Warning: there’s some salty language here. This is not a cartoon you’ll want to share with the kids.)

For a more serious treatment, check out “The Root Causes of the Financial Crisis,” by Francis Cianfrocca:

THIS IS WHY THE ECONOMY SLOWED DOWN, BEGINNING LATE IN 2007. And I’d been saying that in this space a whole quarter before it even happened. This is also why economic stimulus plans like the one we got this year from George Bush and will get from Obama if he’s elected President, only make the problem worse, not better. And it’s also why the economy can not recover until the bad paper all runs off.

Good, if scary, reading.

For the person who has an interest in foreclosure fraud, mortgage fraud, and rescue scams, there are a lot of resources out there on the web.  One of my favorites is the Home Equity Theft Reporter.  It has a national scope, and every day it’s packed with stories from across the country telling of all kinds of different ways the bad guys are looking to part homeowners and banks from their money.

I refer to it often, and you’ll sometimes see stories here that I first learned about on that site.  Also, if you’re lloking for background on some of the specific legal issues that come up in these tpyes of cases, the Reporter is a god place to start, no matter what state you’re in.

I’ve added a link in my “Blogroll” on the sidebar so you can always get to it.