All Posts Tagged With: "legislation"
Maryland Rejects Foreclosure-Free Appraisals — What About Your State?
The Maryland House of Delegates has rejected proposed legislation that would have required appraisers to value real estate without using data from foreclosures or short sales. If enacted, the legislation would have ended all mortgage lending in the state because the higher valuations shown in appraisal reports would not reflect marketplace realities. Moreover, the legislation [...]
2Jun2011 | Peter G. Miller | 0 comments | Continued
Federal Rules Make Predatory Loans Legal & Lawful
With all the yelling and screaming in Washington regarding financial reform the fact remains that predatory lending remains perfectly legal and will be perfectly legal once a financial reform package is passed. “The Wall Street reform bill in Congress represents the strongest consumer financial protections in history,” says President Obama. “You’ll be empowered with the [...]
19May2010 | Peter G. Miller | 0 comments | Continued
Bankruptcy Numbers Soar — Foreclosures To Follow
Bankruptcy filings were up 33.3 percent during the past year according to the Administrative Office of the U.S. Courts. Between March 2008 and March 2009 there were 1.2 million?,? bankruptcies?,? compared with 902,000 during the prior year. ?,? Of this year’s bankruptcy filings only 49,000 involved businesses, the rest were all personal bankruptcies. The rising [...]
9Jun2009 | Peter G. Miller | 0 comments | Continued
Don’t Get Caught By Changing Foreclosure Rules
If you follow the news these days you can find a growing number of stories concerning “foreclosure rescue specialists.” State attorney generals, legislators and community groups will tell that such folks are hardly candidates for sainthood, that foreclosure rescue specialists are instead engaged in home-stealing scams powered by fraud and deception. But while states are [...]
22Sep2008 | Peter G. Miller | 0 comments | Continued
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