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No Relief for Foreclosure Victims

Portland Are you kidding me?  What does it take for the Treasury Department to make the foreclosure modification program to work?  Well, they have to actually run the program and supervise the banks, rather than let the foxes run and guard the hen house.

Seems the inspector general for TARP – the bailout program – [...]

Few Modifications and No Truth from Bank of America & Buddies in Phoenix

Phoenix Ten families squeezed into the living room with a couple of kids, some concerned girlfriends, sisters and friends, so talk about the foreclosures they were facing or worse. Chairs came from the kitchen and everywhere else. Most of these victims, because that’s the only term that seems [...]

Frances Gomez, Foreclosure Exception or Rule

Phoenix I spent most of the day in meeting with Frances Gomez, her brother, and Teresa Castro, talking about her case and what could be done to resist foreclosures and win real relief for tens of thousands of homeowners facing this catastrophe because of federal and banking inaction here where this [...]

Principal Reduction Versus Arrogant Banks

New Orleans From the day the latest foreclosure modification plan as announced several weeks ago, and it became clear that banks saw their participation as voluntary, I said this was not going to work. The government orchestrated immediate acceptance by their subsidiaries, Citi and Bank of America, but as surely as I [...]

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