Latest Posts
Home > Debt Articles > Real Estate Related (page 4)

Real Estate Related

Senators Angry About Freddie Mac Betting Against Homeowners

Screen Shot 2012-02-10 at 2.27.07 PM

by Jesse Eisinger ProPublica Sen. Robert Menendez, D-N.J., had sharp words for Freddie Mac’s investment practices and conflicts of interest at a Senate Banking Committee hearing Thursday. The senator’s concerns came in the wake of a ProPublica and NPR report that Freddie, the giant taxpayer-owned mortgage company, had made concentrated investments in complex mortgage securities that benefited from the inability ... Read More »

Mortgage Settlement With Banks Leaves Consumers Still Looking In the Abandoned Windows

justball-144x125

by Cora Currier ProPublica The Obama administration is billing today’s $25 billion agreement between most states and five banks that engaged in flawed or deceptive practices as a big win for struggling homeowners. Most of the money in the settlement isn’t a penalty, or a fine levied on the banks. Instead, the biggest slice of the settlement will be money ... Read More »

Federal Housing Finance Agency Just STICKING it to Homeowners

justball-144x125

by Cora Currier ProPublica, Last week, ProPublica and NPR raised questions about a risky investment strategy at Freddie Mac that would pay off if homeowners stayed trapped in expensive mortgages. It’s just the latest example of how government-owned Freddie Mac and Fannie Mae have frustrated many by not putting homeowners first. Fannie and Freddie are required to help homeowners while ... Read More »

Fannie Mae and Freddie Mac Just Won’t Help Homeowners. Here’s Why.

justball-144x125

by Cora Currier ProPublica Earlier this week, ProPublica and NPR detailed how Freddie Mac placed bets against homeowners that paid off if borrowers were unable to refinance their mortgage loans. The story highlighted the conflicted role of the behemoth and now government-controlled Freddie Mac and Fannie Mae: They are at once supposed to maximize their profits and thus pay back ... Read More »

US Consulting Corp Mortgage Modification – Kevin

justball-144x125

a company called US Consulting Corp contacted me about modifying my existing outrageous mortage payment. Said that due to the government sponsored HAMP….program they could reduce my payment from $4500 per month to $2583 ant the interest rate from around 5.8% to 3.57%. Stated they would guarnatee it with a return on upfront fees of $3490 if I am not ... Read More »

Reader Wants to Know More About Gordon and Associates Loan Modification Services

A reader wrote to me wanting to know more about a company in California called Gordon and Associates. They said, “I am surprised that you don’t have this company’s info or I couldn’t find it.” Attached to the email the reader sent in a copy of the recent BBB listing for Gordon and Associates. I just ran it again to ... Read More »

California Lawyer Disbarred Over Loan Modification Business

Another sad story of advanced fee loan modifications tearing down yet another group of people. From the California Bar Journal. Get Out of Debt Guy – Twitter, G+, Facebook PAUL JEFFREY LUCAS [#163076], 50, of Aliso Viejo was disbarred July 22, 2011, and he was ordered to make restitution and comply with rule 9.20 of the California Rules of Court. ... Read More »

Kramer, Stein Mass Joinder / Mass Tort Updates for Those Involved

The Receiver in the Mass Joinder legal proceeding in California against lawyers that had marketed Mass Joinder suits against mortgage lenders has released an update. December 1, 2011 The State Bar of California has taken possession of the law practices of Kramer and Kaslow, Mitchell J. Stein, Christopher Van Son, Paul Peterson (Mesa Law Group), and Anthony Kassas (Kassas Law ... Read More »

Mortgage Loan Modification Sellers Arrested in California

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and California Attorney General Kamala D. Harris announced the arrests of three top officers of a Stockton, California real estate company who took thousands of dollars in up-front loan modification fees and made false promises to lower the mortgage payments of struggling Central Valley homeowners. Magdalena ... Read More »

Reporter Helps to Bring Down Steven J. Baum Foreclosure Mill

Steven Baum Party

Well it’s over. It appears the law firm of Steven J. Baum, P.C. in New York is laying off 89 employees and closing up shop. I doubt you’d recognize the name of the lawyer or the firm but I bet you’ve recognize some of the pictures that were recently published from the office Halloween party in 2010. This pictures sent ... Read More »

Corvus Law Group Sends in New Mailer to Share

Screen Shot 2011-11-11 at 6.40.11 PM

Corvus Law Group sent in a copy of the new mailer they will be sending out to consumers. In the past Corvus Law Group was criticized by Idaho for the mailer they were previously using. See this story. I applaud Corvus Law Group for reaching out to this site and send in copies of their new mailer to show they’ve ... Read More »

Real Estate Law Center / Adlore Clarambeau Mass Joinder Mailer

real_estate_law_center__page1

A reader has sent in a Real Estate Law Center mailer they received in Virginia. The mailer appears to be a solicitation to join a mass joinder or mass tort action against the banks for issues related to their mortgages. In this case the mailer from California attorney Adlore Clarambeau (Bar record.) says it is an action against Countrywide Bank ... Read More »

Second Wave of Foreclosures Has Begun. Option ARM Mortgages to Explode.

justball-144x125

The number of people falling behind on their mortgages increased over the last quarter for the first time since 2009, according to a new report by the credit bureau TransUnion. And while the news surprised many people, it came as no surprise at all to some mortgage experts, who have known for years that a wave of wildly risky mortgages ... Read More »

How to Rent a Lovely Home or Apartment After Bankruptcy

rental

The site just answered a question on how to rent after bankruptcy but I wanted to explore that more and give you some additional resources on how to accomplish that. Renting a place to live after a bankruptcy is actually a relatively easy thing to do with some insight. Granted, the major apartment complexes might not be interested if they ... Read More »

LA Court Issues Permanent Order Assuming Jurisdiction Over the Law Practice of Mitchell J. Stein

Mitchell J. Stein is an attorney in California who was alleged to be involved in the marketing of mass joinder cases to consumers to join a lawsuit against their mortgage lenders. A permanent order was issued on October 26, 2011 and states the State Bar of California, Office of Chief Trial Counsel is appointed to do the following: Examine, retrieve, ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.