Tag Archives: California

4 Killed, 2 Wounded at Eviction Hearing

At the American Indian Headquarters in Alturas, California, former tribal leader, Cherie Lash Rhoades – in what spectators are saying – went berserk Thursday evening, February 20th. Rhoades, the former chairwoman of Cedarville Rancheria, allegedly shot four people in the … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Detroit Running on Fumes

As predicted in my April 2, 2013 article, the city of Detroit has filed for Chapter 9 Bankruptcy – the largest city ever to file, surpassing Stockton, California’s bankruptcy. Detroit is the 8th U.S. city to file for bankruptcy. There … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Stockton to Receive Bankruptcy Protection: A Precedent Affecting All of Us

In my article published July 9, 2012, (The Fall of Stockton, California?: Pensions, Foreclosures, Overspending) I wrote about Stockton – the largest U.S. city ever to file for bankruptcy and the implications that could occur if the bankruptcy was accepted. … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Wells Fargo Burglarizes Home, Sells Prized Possessions of Elderly People

When is a bank in business to burglarize homes? How often does this happen? If you think this can’t happen, we had a similar situation happen to other clients of ours. If you’ve had a wrongful foreclosure and especially a … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Seizing Underwater Mortgages by Condemning Them

California, struggling with high foreclosure rates and several cities filing bankruptcy have come up with a new plan. Officials are considering a novel way to seize underwater home mortgages by condemning them and calling them a public blight. California officials aim to … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Two More Cities Topple, Look to Bankruptcy

The domino effect has begun – two more California cities have voted to file for bankruptcy. Mammoth Lakes city council voted to seek bankruptcy after its largest creditor, Mammoth Lakes Land Acquisition (MLLA) won a court order requiring the city … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

The Fall of Stockton, California?: Pensions, Foreclosures, Overspending

Last week, I wrote about the real fears and problems of unsustainable pensions. This week pensions are at the heart of an entire city declaring bankruptcy. Stockton, California is now the largest city in U.S. history to declare bankruptcy. In … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , | 2 Comments

Underwater Mortgages Hurting Everyone

This year alone, our banks have been lending more to European companies to the tune of $18 Billion. Compared to all of 2011 – that’s up more than 115%. You may not think this bit of news is serious, but … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , | 5 Comments

Fraudulent Mass Joinder Lawsuits

Each year the Federal Trade Commission (FTC) receives complaints from consumers. In 2011, more than 1.8 million complaints were made.  More than half, or 55%, were related to fraud costing individuals more than $1.5 billion. What I found alarming was … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , | 2 Comments

Independent Report Shows 84% of Mortgages Had an Error

Did you just do a double take?  Eighty-four percent? Even I had to look at this report twice, and I know there are errors in almost all the foreclosure files that come across my desk. An independent audit in San … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment