This latest article from CNN Money makes it very clear that the lenders are not letting people off the hook when the house goes to foreclosure OR short sales. Homeowners who have lost their homes since the current mortgage crisis began are now finding themselves the target of collections companies and lenders pursuing deficiencies [...]
Continue reading about Lenders Pursuing Deficiencies Against Homeowners Even Well After Foreclosure
William Black is a former investigator of the “S & L Debacle” - somone who was responsible for the successful prosecution of financial crimes.
Learn from Mr. Black what a Control Fraud is and how the S & L scandal compares to what is going on in today’s mortgage fraud melt down…
Take a look at [...]
Be warned - this is a long presentation, lasting more than an hour and a half. It is worth every minute of your time and is in fact essential to understanding both what happened and more importantly why the economy cannot recover on a durable basis. (Original Page)
That’s William Black, the former liquidation director who [...]
Continue reading about Sunday Lesson: Why “Normal” WILL NOT Return
