See How Responsible Tax Payers Get Another Door SLAMMED In Their Face
Bill Rafter submitted this article. Add your comments below.
Also, this morning on the Fox News, one of their reporters claimed an article in the Wall Street Journal stated if homeowners were having a hard time making their house payments, now might be a good time to stop making payments to save up some cash. Interesting… Stay Tuned!
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Harry and Mike:
Breaking News Alert: Sen. Reid calls on major lenders to halt foreclosures in all 50 states
October 8, 2010 12:56:49 PM
Senate Majority Leader Harry Reid (D-Nev.) called on major lenders to halt foreclosures in all 50 states Friday following Bank of America’s announcement it was stopping proceedings until it finishes reviewing possible paperwork problems.
Reid, who had sent a letter to major banks asking them to suspend foreclosures in Nevada, extended his concern to include all 50 states.
“I thank Bank of America for doing the right thing by suspending actions on foreclosures while this investigation runs its course," said Reid. "I urge other major mortgage servicers to consider expanding the area where they have halted foreclosures to all 50 states as well."
He emphasized, "My primary focus is to protect Nevada homeowners who have been hardest hit by foreclosures in the most recent economic downturn."
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Breaking News Alert: President Obama will not sign foreclosure measure, says official
October 7, 2010 1:38:33 PM
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Check this out. Wells Fargo pays $24 million to eight states to stop investigation. These funds, apparently given to each state, will be used to "reach out" to help customers. I wonder how many customers they "reach out" to will be "tax-eaters" and how many will be "tax-payers." Stay tuned.
$24 Million Payment to End Wells Fargo Inquiry
This keeps getting uglier and uglier. I’m not trying to promote "doom and gloom" so don’t shoot the messenger. My objective is to keep you on top of today’s insane turbulent real estate market.
"He Who Masters The New Rules Firstest, WINS The MOSTEST"
Foreclosure Furor Rises; Many Call for a Freeze
This article from http://www.nytimes.com/2010/10/06/business/06mortgage.html
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