HomeLatest NewsFeatured HomebuildersHome Buyer ResourcesBinding ArbitrationResource LinksSubmit ComplaintsView ComplaintsTake Action 101!Report Mortgage FraudMortgage Fraud NewsForeclosure NewsConstruction DefectsHome DefectsPhoto GalleryFoundation ProblemsHomeowner Website LinksHOA Reform
Main Menu
Latest News
Featured Homebuilders
Home Buyer Resources
Binding Arbitration
Resource Links
Submit Complaints
View Complaints
Take Action 101!
Report Mortgage Fraud
Mortgage Fraud News
Foreclosure News
Construction Defects
Home Defects
Photo Gallery
Foundation Problems
Homeowner Website Links
HOA Reform
Featured Topics
Builder Death Spiral
Report Mortgage Fraud
Foreclosure Special Report
Mold & New Home Guide
Special News Reports
Centex & Habitability
How Fast Can They Build Them?
TRCC Editorial
Texas TRCC Scandal
Texas Watch - Tell Lawmakers
TRCC Recommendations
Sandra Bullock
People's Lawyer
Prevent Nightmare Homes
Choice Homes
Smart Money
Weekly Update Message
HOBB Archives
About HOBB
Contact Us
Fair Use Notice
Legislative Work
Your House

 HOBB News Alerts
and Updates

Click Here to Subscribe

Support HOBB - Become a Sustaining Member
Who's Online
We have 5 guests online
ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration

Organizing your community to bring public attention to builder’s bad deeds and seeking assistance from local, state and federal elected officials has proven to be more effective and much quicker for thousands of families. You do have choices and alternatives.  Janet Ahmad

Foreclosure Latest News
New York Times: Foreclosure a do-it-yourself project
Saturday, 05 February 2011

Foreclosed Homeowners Go to Court on Their Own
Lawyers are scarce and free legal assistance is overwhelmed in New Mexico, so a community center here is offering an hourlong class in how to download the correct forms, decipher the lingo and mount a defense, however tentative and primitive, against a multibillion-dollar bank... In New Mexico, New York, Florida and the 20 other states where foreclosures require a judge’s approval, homeowners in default have traditionally surrendered their homes without ever coming to court to defend themselves. (In the 27 other states, including California, Nevada and Arizona, homeowners have a much harder time contesting a foreclosure even if they want to.)

Rolling Stones: Invasion of the Home Snatchers
Friday, 04 February 2011

Matt Taibbi on how foreclosure courts are helping big banks screw over homeowners 
The foreclosure  lawyers down in Jacksonville had warned me, but I was skeptical. They told me the state of Florida had created a special super-high-speed housing court with a specific mandate to rubber-stamp the legally dicey foreclosures by corporate mortgage pushers like Deutsche Bank and JP Morgan Chase. This "rocket docket," as it is called in town, is presided over by retired judges who seem to have no clue about the insanely complex financial instruments they are ruling on — securitized mortgages and laby­rinthine derivative deals of a type that didn't even exist when most of them were active members of the bench. Their stated mission isn't to decide right and wrong, but to clear cases and blast human beings out of their homes with ultimate velocity. They certainly have no incentive to penetrate the profound criminal mysteries of the great American mortgage bubble of the 2000s, perhaps the most complex Ponzi scheme in human history — an epic mountain range of corporate fraud in which Wall Street megabanks conspired first to collect huge numbers of subprime mortgages, then to unload them on unsuspecting third parties like pensions, trade unions and insurance companies (and, ultimately, you and me, as taxpayers) in the guise of AAA-rated investments.

Queens Homeowner Dies in Fight To Hold Onto Home Stolen In Deed Theft Scheme
Wednesday, 29 December 2010

Alleges: "Junk Justice" System And Mortgage Fraud
Queens Homeowner Fights To Hold Onto Home Stolen In Deed Theft Scheme.  Sunny Shue, died Saturday June 26, 2010. In Queens County, New York, The Black Star News reports on the story of Sun-Ming Sheu, a local resident and immigrant from Taiwan who had his home ripped off from out from under by scammers in 2001 in a straw buyer scam which utilized a forged power of attorney to complete a fraudulent trandfer of the title to the house. The scammers then obtained a mortgage against the home, failed to make the mortage payments, and Sheu has been fighting off a foreclosure ever since.

Rubber Stamped Foreclosure: Evidence Is Required Before Granting Judgment!
Thursday, 02 December 2010

Florida Appeals Court Reverses Another Rubber Stamped Foreclosure
Banks need to show evidence they own and hold the mortgage on a home when asking judges to foreclose on a property, according to a ruling issued in the 4th District Court of Appeal In West Palm Beach on Wednesday.Foreclosure mill law firm] Shapiro & Fishman, one of four large Florida foreclosure law practices being investigated by the Florida attorney general for alleged inaccurate or false documents, is handling the Servedio case for US Bank. The firm could not be reached for comment Wednesday despite several attempts by phone and e-mail, but in the past has denied any wrongdoing.

Banks & Lenders had Legal and Moral Responsibility to Deny Unqualified Buyers
Monday, 29 November 2010

Foreclosure Hearings Show Homeowners Who in Washington Cares
I know that even as I write this, no amount of proof or testimony from experts will stop seemingly sanctimonious, self-righteous ignoramuses from making comments about deadbeat homeowners who caused the entire economic meltdown because they simply didn't want to pay their bills.  Aside from being ignorant and baseless, the problem with those comments is that they rely on the rest of us assuming one of two things: 1.) That somehow millions of people woke up one morning and collectively decided to commit fraud using the most complex and intricate financial instruments invented, and 2.) Everyone woke up stupid.

Reuters: Rethinking Better Solutions Without Government Bailout
Saturday, 30 October 2010

Experts share solutions to solving the foreclosure mess
The federal government just reported that 4.2 million homeowners are "seriously delinquent" on their mortgages and some 10.9 million borrowers are underwater, meaning their loans exceed the value of their homes.  To make matters worse, there is the threat of protracted litigation between banks and borrowers because lenders might not have followed the letter of law in processing foreclosure paperwork.  An even bigger source of worry is the $426 billion in so-called second liens — home equity loans, second mortgages and other loans "junior" to the primary mortgage — that sit on the balance sheets of Bank of America, JPMorgan Chase, Wells Fargo and Citigroup...  Add it all up and there's the potential for the U.S. housing market to languish in a stupor for years to come. As bleak as all that might sound, there could be a way out — one that doesn't involve another government bailout.

The Washington Post: short sale sweeping the country
Tuesday, 28 September 2010

Walking away with less
deal is called a short sale, and it's sweeping the country. In these deals, a lender allows a troubled borrower to sell a home for less than what's owed on the mortgage. Completed short sales have more than tripled since 2008, and 400,000 of these deals are projected to close this year, according to mortgage research firm CoreLogic. The giant mortgage financier Fannie Mae approved short sales on 36,534 home loans it owned in the first half of the year, nearly triple the number in 2007 and 2008 combined. Freddie Mac, its sister company, approved 22,117 in the first half of 2010, up from a mere 94 in the first half of 2007.

GMAC mortgage freeze all foreclosures
Tuesday, 28 September 2010

Conn., Calif. join probe of Ally
Attorneys general in Connecticut and California ordered Ally Financial's GMAC mortgage unit to freeze all foreclosures within their borders, joining a growing list of states investigating whether the firm and other lenders improperly kicked people out of their homes. Connecticut Attorney General Richard Blumenthal on Monday accused Ally of using "defective foreclosure documents" in its filings and said he ordered the moratorium "to forestall horrendous, illegal harm against homeowners." California Attorney General Edmund G. Brown Jr. on Friday called Ally's document review process a "sham."

Habitat for Humanity Families Face Foreclosure
Monday, 27 September 2010

Some Harris County Habitat for Humanity homeowners face foreclosure
Skyrocketing escrow fees and escalating mortgage payments have some low-income homeowners pointing a finger of blame at a Harris County chapter of Habitat for Humanity. Residents of the Cherie Cove subdivision in northwest Harris County blame the nonprofit agency for creating conditions that could force some families out of their homes.

Habitate for Humanity Foreclosures
Wednesday, 22 September 2010

Some Houston Habitat for Humanity homeowners face foreclosure
HOUSTON—Skyrocketing escrow fees and escalating mortgage payments have some low-income homeowners pointing a finger of blame at Habitat for Humanity. Residents of the Cherie Cove subdivision in northwest Harris County blame the nonprofit agency for creating conditions that could force some families out of their homes.

FHA Crackdown Policy Fails - Criminals Still at Work
Wednesday, 15 September 2010

Executives with criminal records slip through FHA crackdown, documents show
A crackdown on reckless mortgage lenders by the Federal Housing Administration has failed to root out several executives with criminal records whose firms continue to do business with the agency in violation of federal law, according to government documents, court records and interviews. The get-tough campaign has also been hamstrung because, even when the FHA can ban mortgage companies for wrongdoing or an excessive default rate, the agency does not have the legal power to stop their executives from landing jobs at other lenders, or open new firms.

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Results 12 - 22 of 127
Search HOBB.org

Reckless Endangerment

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon

Barnes & Noble

Rise and Fall of Predatory Lending and Housing

NY Times: Building Flawed American Dreams 
Read CATO Institute: 
HUD Scandals

Listen to NPR:
Reckless Endangerman
Gretchen Morgenson : How 'Reckless' Greed Contributed
to Financial Crisis - Fannie Mae

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Washington Post
The housing bubble, in four chapters
BusinessWeek Special Reports
Bonfire of the Builders
Homebuilders helped fuel the housing crisis
Housing: That Sinking Feeling

Consumer Affairs Builder Complaints

 TRCC Implosion
 TRCC Shut Down
 Sunset Report

As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

TRCC from Bad to Worse
Case of the Crooked House

The Pat and Bob Egert Building & TRCC Experience 

Build it right the first time
An interview with Janet Ahmad

Bad Binding Arbitration Experience?
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
or call 1-210-402-6800

Homebuilding Texas Style
And the walls came
tumblin' down

Pulte Homeowner Survey
Warranty & Mortgage Experience
 Click to participate

top of page

© 2022 HomeOwners for Better Building
Joomla! is Free Software released under the GNU/GPL License.