Upside Down Mortgage

Archive for August, 2009

Mortgage Fraud Cases California

Pass me a couple of airsick bags, will you?

Watching the stock market drop like an airplane hitting an air pocket and then rising only to drop again is enough to give you heartburn, even for a California finance attorney. Business, real estate, corporate and finance lawyers, whether they practice in San Diego, Orange County, Palm Springs or Indian Wells think they have seen it all when it comes to seeing finance fraud in litigation cases. But the testimony we have been hearing about the fraud in the financial markets is enough to turn your hair white, if you have any left. The words I've been hearing are making people quake in their boots. Panic, stock crash, depression, bank runs...

Somebody, pass me the Tums, will you?

Yes, there were professors from esteemed institutions of higher learning saying that the bailout proposal Congress passed wouldn't solve the problem, and yes, they may have been right, but neither them being right nor the passing the bailout bill hasn't calmed the financial markets in the U.S. or the rest of the world. The Dow has been dropping 300, 500, 600, and nearly 700 points now for, well, I've lost track of how many days it has dropped. Many are now routinely calling it a stock crash. Others are now calling the Great Depression of the 1930s the First Great Depression. Has anyone seen my 401K or IRAs? Last I saw they were going down the sewer.

Does anyone have some milk for my stomach?

Yes, there are also people out there saying that the financial bailout was a bad idea all around. That it rewarded the rich, and those foreign investors who got sucked into buying our financial stocks. As it turned out, they may have needed it just as much as we do. Last I heard, Iceland was facing bankruptcy as a country and now that their markets are falling like leaves, it's throwing more wood onto our own fire sale on Wall Street.

Does anyone know if alcohol and Tums are a bad combination?

Reports are that the Federal Reserve and foreign central banks are making hundreds of billions of dollars and euros and other currencies available for the world's banking systems to boost the amount of money available for lending so banks will feel confident to start lending to one another and to businesses again. Anyone feel confident yet? Anyone tried to get a loan lately?

Has anyone seen my bottle of scotch?

I think we just learned what it was that scared Hank Paulson, George Bush and all the rest of the usual suspects who testify to Congress that the world was in effect going to come to and end if the bailout plan wasn't passed. Well, it turned out they were almost right, despite passing the Bailout Plan. No the world isn't coming to an end, and we don't have a depression like in the 1930s, but in case there is something more that our leaders know that is still going to cause something else to implode, could they just tell us exactly when it is set to implode? I want to make sure I have my head ducked under something.

Isn't Tagamet good for an upset stomach, or is that Pepto Bismol?

Yes, I know that all is not good in the world of credit card balances, student loan programs, home mortgages, equity lines of credit, construction loans, corporate debt, auto loans, commercial real estate loans and those swaps that you hear about but don't really know exactly what they consist of on the financial channels. But, last I checked, hey, I'm still here. They still have groceries on the shelves, they still take my credit card and gas is getting cheaper by the day.

Hey, Houston, Ground Control, we're still here!

About the Author:

Visit our website at http://www.californiaattorneyslawyers.com for business, corporate, real estate and finance legal matters. We have the knowledge, and resources to represent you as your Palm Desert Business Lawyer and Indian Wells Business Attorney in San Diego, Orange County, La Jolla, Carlsbad, Newport Beach, Anaheim, Palm Springs, La Quinta, Newport Coast, Irvine, Santa Ana, Westminster, Santa Barbara, Buena Park, Costa Mesa, Ontario, Yorba Linda, Ventura, Oxnard, Fullerton, Rancho Cucamonga, Temecula, Murrieta, Mission Viejo, Santa Monica, Laguna Beach, Corona del Mar and Huntington Beach.

Article Source: ArticlesBase.com - Does Anyone Have Some Tums? - a Palm Springs, Palm Desert, & Indian Wells California Finance Attorney Take on the Growing Financial Crisis

Gonzales Woman Arrested For Mortgage Fraud

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Loan Modification Citi

Question: Loan Modification Question?

My home loan is with Citi Mortgage. They are the worst lender I have ever dealt with. Does anyone know how I go about doing a loan modification? They do not have anyone in the branches that can help me. Everything is over the phone which is not very helpful...

Answer: Call the customer service line that should be located on your original loan contract. Tell them you would like to get a loan modification, and ask for the 888 number to the loss mit department. Above all else, be patient. Citi has over 5000 loan modifications currently waiting to be modified under the new HAM government program. Now the time frame you are applying in, you will need to make 3 payments before the modification will take affect, since you will be modified under HAM guidelines, as opposed to FDIC (1 payment in last 30 days) As far as Citi not wanting to modify anyone's loans, that is not true. I have seen countless loans come through where the people did not need a modification (some having over 5,000 dollars in disposable income a month) and getting a modification.

NYC Loan modifications,New York city home loan modification

Housing Bubble Wikipedia

Question: Where did cons get the absurd lie that the economy was fine until the dems took control of Congress?

I smell regurgitated Hannity or Limbaugh. The dems did not take control of Congress until January 2007.

Why would cons parrot a lie that is so easily proved false?

http://en.wikipedia.org/wiki/United_States_housing_bubble

http://en.wikipedia.org/wiki/Gas_Prices

How_Would_I-Know: you need to read the whole article and not just quote a snippet out of context that, by itself, seems to support your point.

Thank you.

Answer: Because the Republican Party constituent base is, typically, either undereducated and cannot discern lies from truth or they are of that class that does not care about truth so much as they care about having a party that will protect their priveledge and guard their unethical profits.

What Caused The Housing Bubble?