Baton Rouge For years I’ve seen these almost handmade looking signs on street corners in our neighborhoods in various cities in the USA that say something on the order of “We Buy Old Houses, Call XYZ” or “No Matter What Condition, We Buy Houses” and so forth. In New Orleans it seemed part of the …
Category: Foreclosure
Supreme Court Sinks More Homeowners into Permanent Debt
New Orleans In a startling unanimous decision, the US Supreme Court overturned an 11th Circuit Court of Appeals decision finding in favor of Bank of America that even bankruptcy protection does not allow underwater homeowners the ability to escape the obligations of second mortgages. The impact of the decision allows zombie banks to continue operating …
For Banks the Party Never Stopped
Houston Seven years after the wheels started coming off the bank’s mad money train, it seems clear that settlements for mortgage abuse, which is euphemism for fraud, Dodd-Frank legislation, and what should have been the awesome weight of having collapsed the US and world economy and upended the lives of millions, have essentially been water …