All Posts Tagged With: "foreclosure"
American Chopper — Foreclosure Vs. No Foreclosure
So which is it: Was the Orange County Chopper world headquarters foreclosed or not? The answer as derived from the American Chopper TV show and public information is very simple: Both. Let’s start with foreclosure. It’s plain that a foreclosure action was initiated by the lender, the GE Commercial Finance Business Property Corp. The matter [...]
7Nov2011 | Peter G. Miller | Comments Off | Continued
Who Will Get Help Under Fed Mortgage Review Plan?
Mortgage borrowers with claims against lenders for improper foreclosures may well get some relief under a new plan proposed by several government regulators. The catch: Most distressed borrowers won’t qualify for assistance. “Remediation will be based on documented financial harm stemming from improper foreclosure practices by the servicer,” says one regulator. If a foreclosure activity [...]
2Nov2011 | Peter G. Miller | 0 comments | Continued
Why Foreclosures Should Be Slower
Down in Florida there’s an effort to hurry the foreclosure process by taking courts out of the process. According to the St. Petersburg Times, “Gov. Rick Scott, House Speaker Dean Cannon and Senate President Mike Haridopolos all say they are interested in considering legislation to change Florida laws so judges won’t have to referee foreclosures.” [...]
17Oct2011 | Peter G. Miller | 0 comments | Continued
Are Big FHA Mortgages Really Risky?
Who will win and who will lose with FHA loan limits that were reduced as of October 1st? The answer may be surprising. In general terms there has been considerable support for lower FHA loan limits for several reasons. First, lower FHA limits mean more opportunities to sell private-sector loans. Second, the FHA has long [...]
13Oct2011 | Peter G. Miller | 0 comments | Continued
American Chopper — Management Doesn’t Get It
There’s probably no better show that reflects workplace tensions than Discovery Channel’s American Chopper. How do you deal with skilled workers when you’re the owner? Orange County Choppers is a success story, in the sense of something that grew over time to a business that included a custom-built “international headquarters” to construct and show bikes. [...]
10Oct2011 | Peter G. Miller | 0 comments | Continued
How Steve Jobs Would Have Fixed The Mortgage Mess
The passing of Steve Jobs came too soon. It didn’t matter if you were a fan of Apple products or not, no one would deny that Jobs radically changed the worlds of computing, music, movie animation and product design — and all for the better. Our condolences to his family and friends. Unfortunately, there’s no [...]
7Oct2011 | Peter G. Miller | 0 comments | Continued
American Chopper — Family Values, Family Conflict
In the usual scheme of things a foreclosure is a pretty big deal, but on the American Chopper TV series it’s not much more than a distraction. Instead of mortgages, the bigger issue is family dynamics — in this case a father and sons with a lot of visible and verbal collisions, inter-personal disputes which [...]
4Oct2011 | Peter G. Miller | 0 comments | Continued
Ready For The 3 Percent Mortgage?
It was in the 1880s that long-term interest rates hit 3.5 percent, something we may soon see with mortgages. Mortgage borrowers are now seeing home loans at not much more than 4 percent for 30-year, fixed-rate mortgages. And, reports HSH.com, 15-year loans are already below 4 percent. The lower rates result in substantially reduced monthly [...]
23Sep2011 | Peter G. Miller | 1 comment | Continued
Foreclosure Activity Falls in 2011 — For Wrong Reasons
Foreclosure activity continues to fall when compared with 2010, but the problem is the same as it has been for nearly a year: There are fewer foreclosures because actions against homeowners have stalled. In other words, we don’t have fewer foreclosures because the economy is improving, employment levels are materially rising or household incomes are [...]
15Sep2011 | Peter G. Miller | 1 comment | Continued
American Chopper: Why Foreclosure Had To Happen
Like millions of property owners, Orange County Choppers has felt the sting of foreclosure and could be moving to smaller quarters. It’s a “business decision” says the senior Paul Teutel, speaking on the downsizing episode of the American Chopper TV series. You could see this coming for much of the past year. In November 2010, [...]
13Sep2011 | Peter G. Miller | 10 comments | Continued
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