Open thread Oct. 22. 2010 Dan Crawford | October 22, 2010 4:39 pm Comments (69) | Digg Facebook Twitter |
Re: above “Open thread Dec. 22″…?? December?!? Wow, time sure flies these days!
Niche Lawyers Spawned Housing Fracas
The paperwork mess muddying home foreclosures erupted last month. But the legal strategy behind it traces to a lawyer’s gambit in 2006 that has helped keep one couple in their home six years beyond their last mortgage payment……
……..”There is a movement afoot by [state attorneys general] and private lawyers to use technical problems to avoid foreclosures where the borrower is in default and the foreclosure is in all respects substantively appropriate. These are lawyers where the best job they can do for their clients is to keep them in their houses without paying the mortgage,” said Andrew L. Sandler, a Washington securities lawyer who represents banks and firms that service mortgages.
Mr. Sandler added: “The class-action lawyers are swarming around this issue right now, because they perceive that it can result in significant fees for them. But they’re not well-founded cases, and the banks will vigorously contest any class action around these issues.”
There is a man named Lent in Florida who has kept foreclosure at bay for his 1,5 million house for longer than that based on the lack of a note mentioned in Bloomberg today. The example framed the newsie stuff explaining what was happening, the first two paragraphs and the last paragraph highlighted Lent.
In that there are different procedures in different states and that different judges rule on cases, it appears that a proposal of cause for the fracas from one individual is a gambit.
There are lawyers drooling for money I am sure, and lawyers like Sandler who are also paid well. But this lawyer Sandler is trying to keep the focus as an issue of undeserving deadbeats, while actual ownership is the more basic question.
I think the scrambling about who bears the costs of fixing this is the issue by the corporate interests involved, and is much less about individual deadbeats or even a class of deadbeats. It depends, does it not, on the current state of property law, and who owns the note?
I stand corrected. I was wondering why I didn’t know the results of the mid-terms all day.
The banks got caught in a hit and run. and now they are screaming that there are ambulance chasers.
The title insurance companies are making moves to protect themselves from bank error, by getting the banks to take the risk of improper foreclosures. But I just read a comment today from a RE broker who thinks the banks are slipping in some more paperwork at closing which may in effect get the buyer to waive any right for recourse if he unknowingly paid off the wrong legal entity. Of course it’s hard to make any sense out of that because generally the new lender would be on the lookout for things like that, you would think.
So I don’t think we are anywhere near the end of the story, much as the banks and Administration would like to “say it ain’t so'”. And the action from the MBSS investor side is just getting started.
What is unfortunate is that Lent has not paid property taxes and the system is so slow to foreclose for that. They should move to a system where 1 year and 1 month after the last day to pay the taxes it goes up for sale. States need the money make the system move faster. Of course Florida has a tax lien system and as a prior post noted perhaps one of the wall street houses has bought the lien on the house and is holding it for its 18% interest.
A lot of the foreclosure problems could be cured by requiring that the taxes be posted as bond by the claimant, because if the bank did not properly foreclose it should get a refund on taxes paid.
My particular town has a history of uncollected taxes that do not involve foreclosue…some people have owed for years. One rather large lot stood vacant for ten years during a bankruptcy. It finally settled.
Why not go to the next city council or county court meeting and ask why they are so slow. Suggest that this raises the taxes for everyone else. Better yet catch someone at a campaign event and ask them. Or even start a petition on the subject
What was the biggest news this week?
Apple’s making an App Store for the desktop!
Hands down, this is going to rock my world as a developer. I’ve been waiting for this for 20 years.
Yankees knocked off by Rangers!
Christine O’Donnell, a Roman Catholic Know Nothing, thinks that not teaching “intelligent design” in public schools is contrary her set of indispensible principles of the founding fathers, like free practice of religious beliefs.
AAPL beat MSFT revenues for first time in 15 years. Imagine being smart enough to take that bet in 1995. Ok crazy enough.
Debunked days ago here: http://www.nakedcapitalism.com/2010/10/wall-street-journal-runs-inaccurate-piece-on-antiforclosure-laywers.html
Go peddle some more bunk.
And Ms. O’Donnell has already started creating jobs for College Republicans:
This week’s biggest news? The firing of Juan Williams! Shows the intolerance of the left/liberal mind set.
Not to mention the ability of hacks to fail upwards on wingnut welfare. His new $2M contract on Faux News must provide some comfort.
Now he can afford some of those illegal alien servants and gardners his new colleague Lou Dobbs is so crazy about.
And, with AS’s comment (is that aposrrophe needed?), we have even another side of the left/liberal mind set, the need to denigrate the new target. What is wrong with you people?
Hey I’m completely intolerant of idiotic defenses of ignorant racism. I wonder why Murdoch isn’t?
Democrats incapable of creating a unified and coherent message?
So, which of Williams’ statements was racist? Just curious.
BTW, notice the dirth of conservative commenters?
Ilsm–There is nothing in the basic tenets of Catholicism which which requires creationism, intelligent design or anything else to be taught in public education systems. So, she gets to say anything she wants and I get to judge her accordingly. Just to be clear, I wouldn’t vote for her for dogcatcher. But, that’s just me. NancyO
Oh, CoRev. Darling, relax. You, as a free market advocate, must support any employer’s right to fire a person for any or no reason at any time. I do, and I’m into Unions big time. Juan Williams number was up. And, he was rewarded for his golden thoughts with a $2 million+ contract. Of such rewards martyrs are not made. Can we move on? NancyO
Lyle, who indeed owns the note? And, was it fraudulently obtained? And, since then, who has bought an interest in it? And, does that person have an actionable claim or did he just get cheated?
Specifically in regard to Florida, the laws regarding residential property are extremely favorable to the owner. Residences are exempt from legal judgements, for example. So it could be worth Fort Knox. If the law protects it, it’s safe. That’s why so many rich crooks live in Florida. You even get to run for Governor and brag about your fantastic business success defrauding Medicare! NancyO
Because, AS, it makes money. NancyO
NanO, why ignore the punch line re: intolerance????? The reason it is big news is the overall impact on NPR.
As far as intolerance goes, this is perhaps the last straw in pushing left/liberal view points for the average voter/supporter. Current administration pllicies have shown how wrong the left has been. Now we have the intolerance issue to reinforce their wrong messages/viewpoints to the average voter/supporter.
AS AND NO FNS has gotten $millions in free advertising. More over their “fair and balanced” message is reinforced.
And, that’s what bugs the liberal/left/Dems.
I didn’t really wonder Nancy heh. It’s good for bidness as we say here in TX. I’m sure Ailes knows what the boss likes.
I don’t care about the mortgage, the question is the property taxes which the article said are also unpaid. The state should do the foreclosure due to the unpaid taxes and auction the property off to the highest bidder. If the law in FL were like other states both the mortgage holder and the property owner have nothing. States and Local government are short on money yet we let folks get by without paying their taxes.
AS, of course you didn’t and neither did I. However, I am truly sorry that NPR is getting a bad rap for being left wing.
Not so you’d notice on such key programs as Diane Rehm’s AM news/commentary program. She seldom has any left-leaning or even middle-leaning commentators. More conservative types from CATO, Heritage, AEI and any other billionaire backed group you can name. You oughta hear ’em rip into Dodd’s anemic little Wall Street “reforms” and any criticism of Big B for Billionaire Bond Traders produces howls of protest. What they have to say about Pelosi would singe your eyebrows, CoRev. So, not for the first time, chill, dood.
So, Fox isn’t complaining, it’s laughing all the way to the bank. And, speaking only for myself, I am just as glad ole Juan has changed the channel. Between him and Brooks, I was wishing for a replacement for NPR a long time ago. So, I am tolerant, alright. I didn’t call for him to take his lukewarm liberal-esque hoohah elsewhere out of good manners and, yep– tolerance. But, now that he’s gone to his reward, fine with me, CoRev.
It’s simple: NPR = Nice Polite Republicans. It’s not just Rehm that tendency is fairly pervasive and has been for some time. More context available in Harry Shearer’s attempts to buy ad time for his “Why New Orleans Flooded” doc, The Big Uneasy. He refused to describe his film as being “About Katrina” and that’s where it broke down.
My pledge $$ have been going to bloggers for years.
See also: NPR’s refusal to allow any of their journalists cover either Stewart’s or Colbert’s rallies. When they’re not obviously conservative leaning they manage to be terrified of scary liberals. Even funny ones.
Oh, well, AS. There’s nothing more dangerous than a couple of wildly popular comedians armed with humor and scathe. You better believe the NPR folks should stay away. NancyO
Remember Corev is currently a political operative. And on message.
I guess I should be happy he’s being paid to spout such gibberish. Makes it seem less pathetic somehow.
Rdan–True, rdan and understood. NancyO
Intolerant of racist stereotyping like Juan Williams admitted to and continues to defend? You bet?
Who tolerates racist stereotyping, CoRev? Surely not you!
Ah, poor CoRev.
Here’s the racist statement:
“But when I get on the plane, I got to tell you, if I see people who are in Muslim garb and I think, you know, they are identifying themselves first and foremost as Muslims, I get worried. I get nervous.”
You see, little CoRev, fear of others based solely on their appearance when that appearance is linked to ethnicity is racism.
Of course, Williams’ fears (and those who defend them) are doubly racist, since no terrorist incident on any US flight involved anyone in “Muslim garb.” Williams isn’t only racist, he’s butt-ignorant racist. As is anyone who defends him.
Right. The most recent terrorist attack here in Austin was carried out by an insane suicidal white wannabe tax dodger. One Joseph Stack. He managed to kill a hardworking IRS manager who was also a vietnam vet.
And lest you dispute the use of the term “racism” in this matter, I’m only using Juan Williams’ own definition:
“Racism is a lazy man’s substitute for using good judgment … Common sense becomes racism when …skin color becomes a formula for figuring out who is a danger to me.”
Hoist by his own petard.
Political 0perative???? Someone who is avolunteer, and who supports a candidate? I would accept someone who is politically active, or politically knowledgable, but operative and being paid????? AS again signifies the mushiness of the liberal brain. :>))
Can you guys tell me how to get some of that Soros/Union money?
Joel said: “…if I see people who are in Muslim garb …”. Let me get this straight. Someone adhering to religiously mandated garb is the new definition of a race if you are a liberal? Catholics, Hindus, Protestants, even liberalism etc. are now protected by race legislation?
Liberal-land is truly a strange place. Anything that seems to support the liberal message is fair game for pseudo-anger. Make up any issue then advocate extreme definitions in the hopes others will not notice when you go bonkers, is not a strategy. It may however, be a psychosis.
wow so this is a volunteer effort. ok I change my opinion. Pathetic.
CoRev-land is truly a strange place. Anything that seems to support the wingnut message is fair game for pseudo-anger. Make up any issue, then advocate extreme definitions in the hopes others will not notice when you go bonkers, is not a strategy. It may however, be a psychosis.
Projecting much, CoRev?
Rdan said you are a polictical operative. He didn’t say you are competent.
To be more precise, you are a clumsy, obvious, somewhat simple-minded political operative. Which is why your predictable posts here are generally reposts of conventional wingnut bafflegab that read like cliches.
Joel, is that all you have? Ya got nuttin! Religion = race, and no way to lessen the exaggeration. Which BTW means: To represent as greater than is actually the case.
Ah, CoRev. Still projecting, I see.
The NPR incident is just one more nail in the coffin of the joel politically correct worldview. Polls are running 70-30 against the Juan Williams firing, which means it crosses party and ideological lines. NPR has made itself a prime candidate for de-funding after Nov 2 and will not survive off the government teat.
Joel, is that all you have?
Yes, ad hom and parroting lib talking points are all Joel has.
Joel, now who’s projecting??? :>))
Sammy, if my candidate wins it will be a major message to these “ad hom and parroting libs.” Loved the line so reused it!
“Joel, now who’s projecting??? :>))”
This has been another edition of simple answers to simple questions.
Wingnuts in two-part harmony! Who knew?
the Koch brothers are getting their money’s worth
“And, that’s what bugs the liberal/left/Dems.” No, it is what mystifies anyone with a rational thought process. From your comments you seem to be very self impressed. I can assure you, and the comments of so many others makes it clear, that you impress us only with the persistence of your attacks upon rational thought.
On the Juan williams firing issue, does any of this sound familiar? From here: http://pajamasmedia.com/victordavishanson/fire-juan-williams-now%E2%80%94or-our-sneering-liberal-culture-in-a-nutshell/?singlepage=true
A sample quote: “3 ) Supposedly intolerant hard-driving Fox News has no problem with liberal Williams working for NPR; supposedly soft-spoken, inclusive NPR has a lot of problems with Williams working for Fox. The asymmetry is quite astounding, especially when we factor in the public/private angle. A private, for profit company does not mind that Williams works for the public’s station whose views are considered liberal; but the liberal public station most certainly does care that Williams works for private conservative Fox news. Isn’t the network that takes public money supposed to be the more tolerant? Is this a reflection of audience taste and assumptions: Fox knows its viewers don’t care whether liberal Williams works at a liberal network; NPR fears mightily that its intolerant audience can’t stand anyone who is associated with Fox? Yet, again, conservative citizens own or run Fox; we the people own NPR.”
More viewers, more influence, better messaging, and proved to be “fair and balanced”, Fox News is proven once again, that the news organization liberals love to hate is the far superior and most fair news organization.
I always thought Buff Pilot was a political operative, but viewed CoRev as more of a concerned Citizen. Not infallable, but not beyond redemption.
I don’t think CoRev understoods nuances of being a Counter Revolutionary however. Originally this term ment anyone who opposed the Trotskyist’s revolutionary world government. Now that the Trotskyites have morphed into into Neo Cons and transformed the Republican party so as to use America as a vehical for global transformation it appears to me that Co-Rev is less reactionary then he thinks.
CoRevs point about Juan Williams is valid. NPR is biased and should be defunded, but it won’t.
I’m not suprised that this thread is entirely deviod of any mention of another TV talking head who was recently fired. Rick Sanchez firing proved Sanchez’s point.
And just to square the circle, On The Media this week produced a segment on William’s firing with an interview with William Saletan of Slate where he predictably argued against his firing. So an NPR program criticized the firing too.
If you found William’s comments offensive and are still writing checks to your local station: Why?
PBS has been subjected to the same relentless purging btw. My local affiliate runs way more self help feel good crap and gardening/cooking shows than current affairs or documentary shows. Why bother waiting for the wingnuts to defund CPB? Progressives should have pulled the plug on these corporate owned milquetoasts decades ago.
I still contribute to certain stations that source the programs I care about: Frontline and Nova (WGBH) Fresh Air (WHYY) and Harry Shearer’s Le Show (KCRW). My local affiliates can burn down for all I care – all those programs can be had without the local affiliate on line or on DVD.
The participating readership in comments at Angry Bear continues to decline in my opinion. It is quite understandable why more readers aren’t offering comments based on the examples of personal attacks in this thread. The blog has lost many good participants.
Are these attacks the best that participants can offer in their commentary? If so, this blog will deservedly continue to slide downhill.
I find the dumbing down exercise being played out to be very unfortunate. Angry Bear had the opportunity to be a great blog.
CoRev, this has nothing to do with the phony, childish and mindless symmetry you’re inventing between NPR and Fox. NPR is a news organization. Fox is a mouthpiece for the Republican Party.
Williams wasn’t fired for working for Fox. Your appeal to the dull-witted prattle of pajamas media (another part of the Republican Party echo chamber) doesn’t prove that he was.
Williams was fired for expressing racist (by his own definition) views. Unlike you, many of the listeners of NPR are intolerant of racism and racists.
MG, there’s not much remaining for the readers who support this administration to comment. Since their long supported policy issues have proven to be ineffective, at best horribly implemented, and reputiated by the average voter. Personal/ad hominem attacks may very well be the only thing left for them.
Notice the most successful policy they can claim was TARP, and GW’s not O’s. It is one reason that I mentioned the J Williams firing, a perfect example of intolerance.
It is one reason that I mentioned the J Williams firing, a perfect example of intolerance.
CoRev–Let’s stop talking about a guy who has a job. We should argue about how to deal with an economy that WON’T shake loose with jobs for people who need them. Meanwhile, I offer this. It’s an article from WaPo in which an elite from AEI offers his views of the other New Elites, a bunch of effete limp wrists who don’t know from Branson, that he knows well because he went to school with them. They’re all from Yale and Harvard and are far above the level of ordinary people.
Of course, he’s from AEI or is it Cato? I guess he should know from New Elites. Anyhow, says we need more tax cuts and you know, less regulation. Cause it done so good the last time we tried it.
Anyhow, MG. Don’t dispair. The last real depression lasted from oh, 1933 to 1943 or so. Plenty of time to educate the new elites. And, AB will rise again. NancyO
“Can you guys tell me how to get some of that Soros/Union money?”
You could try saying something that makes sense. Or, you might try saying something that has an objective ring of the truth. Or, you could simply get beyond simple minded Republican talking points.
Have you listened closely lately to NPR’s sponsor identification breaks. Let’s recognize that NPR isn’t the bastion of liberal thought that some make it out to be. Much, maybe most, of its operational budget comes from their “corporate under writers.” Such a nice and innocuous term.
How do you define that term? Do I have to be on the payroll? (BTW, cursed how much is the going rate for espousing the Progressive party line? – not Dem since the leader of the Dem party is all in favor of stuff progressives really don’t like).
But you at least point out NPRs bias. And I agree with you should be defunded – heck we need the gov to get out of any business interaction with the free press.
CoRev, I didn’t get my secret decoder ring with my latest check. Can, as a political operative, you get me a new one? I want the one with the sinister dark red ruby on it.
Islam will change
MG and CoRev,
You will find that the second progressives start losing an argument they immediately go to the rascists card, call people ‘uncle tom’ if a minority deviates from the leftist mantra, then to claim people are intolerant, then usually violence.
You’ve seen that in almost every argument. Global Warming, financial policy, the war, personel freedom, even tax policy. There is only one common thread – more power to the central government and less individual freedom. Orwell was correct about the left.
And if all else fails rewrite history. We have even seen old cactus try desperately to not have Obama in the Dem category for his analysis!
What’s really hilarious is that the Dems are ‘the man’ that all the hippies were always complaining about!
Islam will change
Buff, I am limited to the ruby skull with saphire eyes. That OK?????
Have you stopped/slowed posting here for any reason?
Mine was the echo chamber effect, and non-nuanced overly biased, gang warfare commenting.
Buff said quite cogently: “What’s really hilarious is that the Dems are ‘the man’ that all the hippies were always complaining about!”
That is hilarious, but so true.
The previous domestic terrorist attack happened in my hometown of Wichita KS where Scott Roeder assassinated Dr. George Tiller in the Lutheran Church Tiller belonged to.