Tag Archives: Colorado foreclosure defense

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

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New Guidelines for Public Trustees Issued by Governor

In an apparent acknowledgment to the Denver Post articles regarding questionable practices among Colorado Public Trustees, the Governor accepted the resignations of the 10 Public Trustees he appoints. The trustees are in Adams, Arapahoe, Boulder, Douglas, El Paso, Jefferson, Larimer, Mesa, Pueblo and … Continue reading

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Governor John Hickenlooper Immediately Accepted Colorado’s Public Trustees’ Resignation Today

Governor John Hickenlooper has immediately accepted nine of Colorado’s appointed public trustees’ resignation today. The resignations become effective in 30 days. One other appointed public trustee retired last week two days after a Denver Post report written by David Migoya … Continue reading

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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

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Suicide by Economic Crisis

As a Foreclosure Defense Attorney, I work daily with clients helping them fight the lenders and banks from taking away their homes. I am absolutely horrified that any person would take extreme measures when facing foreclosure, especially when I know … Continue reading

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Will J.P. Morgan Chase Default on Public Pensions and Produce More Foreclosures?

JP Morgan Chase (JPMC) has had its share of problems. Chief Executive Jamie Dimon faced Congress last week and said he was “sorry” for the bank’s $2 billion (or more) in trading losses last month, saying it happened due to … Continue reading

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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

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More Homeowners Victims in Mortgage Relief Promises

Around 250 southern California homeowners became the victims of their worst nightmare when they believed a “mortgage relief business” owner who promised he would save their homes. Instead, they were scammed out of approximately $1 million AND they lost their … Continue reading

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GMAC: After Filing Ch. 11, Pulls a Round-Around with Homeowners

Below is a letter from my client- the same one who asked me to post about the letter she received from GMAC regarding their Ch. 11 bankruptcy. She recently called GMAC, seeking clarification regarding her options for a loan mod or … Continue reading

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