by Mike on February 21, 2011
It’s bad enough to lose loan paperwork worth a quarter-million dollars (or more!) Now some trustees for bankrupt lenders are asking federal judges to approve a massive, intentional destruction of the original loan papers. Why? Because it’s apparently just too expensive to keep track of these six-figure loans: In a January 6, 2010, motion, Neil […]
How to beat foreclosure Today’s St. Petersburg Times features a front-page story with the bold-face heading “How to Beat Foreclosure” and tells the stories of people who have stayed in their homes for years by gaming the system. Only one problem: filing bankruptcy time and time again is an abuse of the system, and can […]
by Mike on February 15, 2010
Bogus property records What if you lost your house because the bank submitted bogus paperwork to the court? It happens more often than you think. Sometimes, it’s just a mistake. Sometimes, it’s a cover-up of past mistakes. Sometimes, it’s out-and-out fraud by the foreclosing lender. Here’s a shocking example from the Tampa Bay area: evidence […]