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Occupy Wall Street: Flashpoint of an American Uprising?
Occupy Wall Street has successfully occupied New York City’s Liberty Plaza for eight days. Despite numerous arrests (over 80 on Saturday), rainy weather and the scorn of critics, they have prevailed thus far. This achievement is spawning several similar occupations in other cities around the U.S. The peaceful, non-violent and intently leaderless nature of the uprising is modeled after the “Arab Spring” protests which resulted in government overthrows in the Middle East.
“We are the 99 percent” permeates the movement, a reference to the 1% of Americans who control 42% of the nation's wealth. By contrast, 80% of Americans control just 7% of America’s wealth and these masses have been disproportionately impacted by the economic contraction of the last several years. As a result, tens of millions of American families are poor, without health coverage, un- or under-employed, saddled with excessive debt and/or at risk of foreclosure.
Jorge Newbery Comments 27 Sep 2011
Read moreJohn O'Brien MA Registry of Deeds: AG Tom Miller Should Step Dow
Written by: Richard Zombeck
John O'Brien, Registry of Deeds for Southern Essex County in Massachusetts is asking that Tom Miller, Iowa Attorney General, step down. Miller is the lead AG in the controversial settlement with the big banks on mortgage servicing fraud.
In his most recent obscene act Miller kicked Attorney General Eric Schneiderman off of the 50-state task force probing foreclosure abuses and negotiating a possible settlement agreement with the mortgage firms.
Schneiderman, a Democrat who's in his first term as New York's
Comments 24 Aug 2011
Read moreAmerican Homeowner Preservation and Millstone Landing Collaborate to Lease Option Homes
Written by:Jorge Newbery
American Homeowner Preservation LLC, pioneers of the short sale leaseback to assist families at risk of foreclosure, has entered into an agreement with Millstone Landing LLC, the owners of a gated 613 single family development in Vero Beach, Florida, to offer lease options to credit-worthy buyers who cannot obtain financing in today's tight credit environment. Millstone Landing features newly-built quality homes nestled amongst lakes and a nature preserve.
The original developer, Shelby Homes, ended up in bankruptcy after defaulting on a construction loan amounting to $370,000 per home. In 2008, the average sales price of a Millstone Landing home was $618,000. Today, these same homes are offered new for under $260,000, and AHP investors can acquire for $155,000 subject to the leases and options to the end-user buyers.
Jorge Newbery Comments 11 Aug 2011
Read moreMass AG Martha Coakley will not Join in Giving MERS and Banks a Deal
Written by: Richard ZombeckThere are some rumblings that the Department of Justice is putting the pressure on state attorneys general to sign onto the controversial $20 billion mortgage settlement deal this week that could release banks from legal claims in state investigations and law suits. Yesterday, Massachusetts Attorney General Martha Coakley…
Money Held Hostage by Eastern Bank of Massachusetts
Written by: Richard ZombeckYou can also read this post and Huffington Post We live under the unfortunate false assumption that the money we make and put in the bank is ours. That we can access it at any time and that we have a right to it. After all this is…
American Homeowner Preservation Acquires 6.6MM of Non-Performing Mortgages
American Homeowner Preservation LLC completed over $6,600,000 in non-performing mortgage and REO acquisitions in June, bringing year-to-date acquisitions to over $10,000,000. AHP has utilized private investors to fund these acquisitions from both banks and hedge funds. By taking control of the mortgages or occupied REOs, AHP can craft solutions to…
American Homeowner Preservation Acquires 6.6MM of Non-Performing Mortgages
Written by: Jorge Newbery American Homeowner Preservation LLC completed over $6,600,000 in non-performing mortgage and REO acquisitions in June, bringing year-to-date acquisitions to over $10,000,000. AHP has utilized private investors to fund these acquisitions from both banks and hedge funds. By taking control of the mortgages or occupied REOs, AHP can…
Mass Register John O'Brien's Presentation Draws Crowd of Recorders
Written by: Richard ZombeckMass Register John O'Brien's Presentation Draws Crowd of Recorders Registers, registrars and recorders from across the country gathered in Atlantic City on Tuesday for the Annual Conference of The International Association of Clerks, Recorders, Election Officials and Treasurers (IACREOT). Several of those attending made the trip specifically to see…
MASS Registry of Deeds: A Household Name in Foreclosure Households
Written by: Richard ZombeckWith the exception of Elizabeth Warren, there are very few heroes fighting for the little guy when it comes to consumer rights and mortgage malpractice. Tom Miller, the Iowa Attorney General, had a brief moment of righteous advocacy until he received $261,445 in campaign contributions from out-of-state…
Shamethebanks is moving on
No, we’re not quitting or backing down or walking away. As hard as this fight has been we’re actually taking it up a notch. We’ve gathered and will continue to gather more bloggers, attorneys, foreclosure experts, advocates and homeowners to join the fight against unfair and illegal foreclosure. As a member…
How to Qualify for Mortgage after Short Sale or Foreclosure
Millions of American families have emerged from the housing crisis with severely damaged credit. Short sale, foreclosure, delinquency, deed in lieu, mortgage modification and/or bankruptcy can all have significant negative impacts on a family's credit. In most cases, families will need to wait two to three years before qualifying for…
Press Release from Our Favorite Registry
Salem, MA May 3rd, 2011 Contact: Kevin Harvey, 1st Assistant Register 978-542-1724 kevin.harvey@sec.state.ma.us The 1960’s television show “To Tell the Truth”, where imposters pretend to be the central character, is playing out today at the Essex Southern District Registry of Deeds and Register John O’Brien is not happy about it. After the 60 Minutes’ expose…
Can $11k Buy The Support of a Former Michigan Lt. Governor’s Daughter?
This article has been cross-posted in its entirety with the permission of the author, Steve Dibert of MFI-MIAMI This freshman member of the Michigan House of Representatives received nearly $11,000 from the real estate and banking lobby during her campaign last year. Now she has introduced legislation that…
John O'Brien: Taking on Bank of America
John vs. Goliath - Originally posted in The Boston Business Jounal by Tim McLaughlin Date: Friday, April 15, 2011, 6:00am EDT The registry of deeds is supposed to be a sleepy place where you go to record your mortgage or look up how much your neighbors paid for their homes. But at the Southern…
BBB: American Homeowner Preservation Gets an 'A'
CINCINNATI, OH - April 12, 2011 – The Better Business Bureau recently gave foreclosure prevention company American Homeowner Preservation (AHP) an "A" rating. AHP provides a short sale leaseback program to families who owe more than their homes are worth. When existing lenders approve, families are able to short sell and…
Weekend of Rage: Protests Planned Against "Parasitic" Bank of America
Furious families across America are planning protests at local Bank of America branches on Tax Weekend, April 15th - 18th. Expected protesters include: -Homeowners wrongfully denied solutions to keep them in their homes.-Taxpayers incensed that Bank of America and other corporate giants pay no income taxes. -Account holders enraged at…
American Homeowner Preservation Helps Phoenix Pastor Avoid Foreclosure
Ines Silva has been a Pastor for over 35 years, guiding hundreds of families through the challenges which they encountered. Yet, when the Silva family found themselves at risk of losing their Phoenix, Arizona home of twenty years to foreclosure, Pastor Silva turned to American Homeowner Preservation to provide a…
Essex Co. Register Of Deeds takes funds out of Bank of America
Essex County Register of Deeds' John O'Brien, after getting the okay to move over $20 million in county funds out of Bank of America and into a local bank chose Century Bank. A bank that has never been a MERS member, Barry Sloane, president and CEO of Century Bank said,…
Mass Register O'Brien Gets OK from Treasury to pull funds out of BofA
The Boston Business Journal reported today that John O'brien was given the ok by state treasury to pull millions out of Bank of America and deposit the funds into comminity banks. Story follows: South Essex Register of Deeds John O'Brien said he has received a green light to withdraw what could…
MFI-Miami To File Bar Complaint Against Orlans Associates For Conspiracy and Fraud
Steve Dibert, MFI-Miami is filing a formal complaint against the Michigan law firm of Orlans Associates for knowlingly filing fraudulent documents in an effort to expedite foreclosure proceedings for Bank of America. The press release is below and you can read the story here at MFI-Miami.
John O’ Brien Says Move that Money Away From Bank Of America!
In yet another bold move, John O'Brien, Massachusetts Essex County Register of Deeds has asked that the state treasury withdraw state funds from Bank of America and redeposit those funds in community banks. You can read more here and O'Briens statement in full below:
Inside Job, Oscar-Winning Documentary, Now Online (Free)
Now there is absolutely no reason for anyone to not see this movie. In late February, Charles Ferguson’s film – Inside Job – won the Academy Award for Best Documentary. And now the film documenting the causes of the 2008 global financial meltdown has made its way online (thanks…
Foreclosure Mill Conflict of Interest
A police officer cannot own a bail bonds company, but a foreclosure mill can and does own a foreclosure trustee company On behalf of the UNREPRESENTED Non-Judicial foreclosure victims of fraud in non-judicial states (There are 27 of them, which obviously is the majority of the nation by no small coincidence),…
Anonymous Collective Bank of America Leak Confirms What We've Warning About For Years
Note from Richard: Over the past couple of years, in the midst of this financial meltdown fiasco, I've made a few friends and among those friends I'm made a few very close friends. I consider Mike Dillon one of those. Here's his Post: So, like everyone else, I've been curious about…
American Homeowner Preservation Buying Pools of Defaulted Mortgages & REO's
When American Homeowner Preservation was first conceived, the vision was a solution which benefited homeowners, investors as well as existing lenders. In practice, homeowners and investors have recognized the advantages and have responded mightily. However, AHP's offers of prompt resolutions which maximize lenders' recovery on their troubled mortgages have generally…
Bill SB 5275 in WA Legislature to Eliminate “Produce the Note” Foreclosure Protection
Updated March 6, 2011 Once again I was contacted by the overzealous and frantic Washington based sefl proclaimed activist who preferred to insult me and a few other bloggers into posting something she sent us.
Robo-Signer Misdeeds May Help Homeowners
Lenders and their accomplices utilized hundreds of Robo-Signers to improperly execute millions of documents. These inappropriate and potentially criminal acts are helping some homeowners stay in their homes by voiding foreclosures and, in some cases, muddying ownership of mortgages. With modest effort and minimal expense, homeowners at risk of foreclosure…
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