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Real Estate Related

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

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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 »

        Mitchell J. Stein Transcript From California Action Involving Mass Joinder Marketing Part 1

        Mitchell J. Stein, Esq. is said to have played a role in the mass joinder scheme that appears to have evolved in California. At least that’s what a judge said recently, which I covered in this article. More documents on this issue have arrived on my desk, a 99 page transcript of the proceeding on October 19, 2011. In an ... Read More »

          Mitchell J. Stein Transcript From California Action Involving Mass Joinder Marketing Part 2

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          This is a continuation of the first part of the transcript post. You can click here to read the first part. THE COURT: ALL RIGHT. WELL, I HAVE NOT HEARD ANYTHING THAT WOULD CHANGE MY MIND WITH RESPECT TO THE TENTATIVE RULING ON THE PRELIMINARY INJUNCTION. WHILE I DIDN’T QUOTE ALL THE EVIDENCE IN THE TENTATIVE, IT’S AN 18-PAGE TENTATIVE. ... Read More »

            Court Says Credibility of Mitchell Stein of Mass Joinder Fame, Compromised

            Alleged Mass Joinder Scgeme

            Mitchell Stein, one of the attorneys that was raid in California in August for related mass joinder marketing, just received a very unfavorable court ruling in his attempt to wiggle something out from under the seizure of his law practice. I’ve even heard rumblings from some that Stein was returning to practice, got his client files back and was ready ... Read More »

              Mortgage Problems? Facing Foreclosure? Prepare to be Scammed.

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              The millions of desperate homeowners who have found themselves upside down and at risk of losing their homes have created a fertile environment for scamsters. The scams on homeowners are varied and include audits and NPV tests, modification services, foreclosure rescue services, sell and lease-back schemes, and my personal favorite, mass joinder suits. Let’s start with NPV tests and mortgage ... Read More »

                Modification Department – Authorization Status Mailer – Beware

                Modification Department Homeowners Assistance Program

                Reports are trickling in about a new letter being mailed to homeowners promising mortgage modification relief. Beware. This letter has all the hallmarks of having a high scam potential. I’ve labeled the area that concern me in the image below. A – Hard to see but it is an official looking eagle. Probably intended to look like government document. B ... Read More »

                  Mass Joinder Update – Office Furniture to be Sold

                  The official receiver for the California action against companies marketing mass joinder suits has posted an update. Receiver Seeking Court Approval to Dispose of Furniture and Equipment and Return Leased Offices to Landlords The Receiver has applied to the Court for formal approval to commence the process of shutting down the various office sites of Defendants and returning the premises ... Read More »

                    Mass Joinder Insiders Speak Out About How the Marketing Was Primed

                    Coco

                    An awesome and most unlikely tipster (send in your tips here) forward me a number of documents that lay out how the entire mass joinder debacle happened. The information presented her comes from the court document filed in conjunction with legal action involving Mitchell Stein. In documents filed, Glen Reneau says he is the president of Mitigation Professionals around the ... Read More »

                      California Attorney General Responds Against Mitchell Stein Suit in Mass Joinder Action

                      The California Attorney General has responded to the suit filed by Mitchell Stein, Esq. that he filed against people as an extension of the California mass joinder raids, see an article on a similar suit here. This suit by Stein was filed in several states, including Florida, California, and New York. The response by the California Attorney General’s office rebuts ... Read More »

                        Mass Joinder Marketing Mess Manages to Manufacture More Misery

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                        How’s that for a title that uses M’s. But seriously, the mass joinder marketing mess in California turns another page. Following the Attorney General and California Bar raids last month that seized the records of some law firms and accounts, one of the attorneys in that sweep, Mitchell Stein, is fighting back. According to Courthouse News Service, Stein has filed ... Read More »

                          Mass Joinder Stein Fights Back and Sues California in Florida

                          For those unfamiliar with the mass joinder, tort litigation racket marketers have been engaged in, here are the basics. Some law firms have filed suit against lenders for the mortgage mess. And that’s fine. But marketers have been paid to sell consumers into these cases and those marketers have made all sorts of objectionable claims to consumers. I’ve published a ... Read More »

                            Nevada Bitch Slaps Bank of America Over Mortgage Mess

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                            by Paul Kiel, ProPublica The state of Nevada dramatically expanded its lawsuit against Bank of America today, turning the narrow case it filed late last year into a broadside that targets virtually all aspects of the bank’s mortgage operations. Bank of America has previously denied wrongdoing. The sweeping new suit could have repercussions far beyond Nevada’s borders. It further jeopardizes ... Read More »

                              David Ramba – Ramba Law Group – Target of Mass Joinder Investigation by Florida Bar

                              David Ramba and Ramba Law group, who I’ve reported on before is back in the news. See Ramba Law Group Named in Article the Warns Consumers About Mass Joinder Suits Against Mortgage Lenders. According to the Palm Beach Post, Phillip Kramer, the attorney raided and sued by the California Attorney General for deceptive advertising and fee splitting in relation to ... Read More »

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